Huya Inc. (HUYA) intrinsic value & 10-year financials

Huya Inc. (HUYA) has a Graham intrinsic value of $80.05 per share. Over the last 10 fiscal years revenue grew 26.3% a year to $6.5B, with an average return on invested capital of 53.1%.

Graham intrinsic value
$80.05
Revenue (FY2025)
$6.5B
Revenue growth (10-yr CAGR)
26.3%
ROIC (10-yr avg)
53.1%
Free cash flow (FY2025)
-$344.0M

HUYA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $6.5B -$112.6M -$0.49 -$344.0M -2.5% -3.1%
FY2024 $6.1B -$48.0M -$0.21 -$92.0M -3.1% -2.3%
FY2023 $7.0B -$204.5M -$0.84 -$155.3M -6.3% -4.4%
FY2022 $9.2B -$486.7M -$2.02 -$593.6M -7.7% -7.5%
FY2021 $11.4B $583.5M $2.41 $288.0M -0.3% -0.4%
FY2020 $10.9B $884.2M $3.71 $1.2B 6.6% 8.5%
FY2019 $8.4B $468.2M $2.02 $1.9B 3.1% 3.4%
FY2018 $4.7B -$1.9B -$15.02 $642.7M 0.6% 0.5%
FY2017 $2.2B -$81.0M -$1.01 $205.3M -4.3% 155.4%
FY2016 $796.9M -$625.6M — -$420.5M -78.6% 380.6%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

HUYA Inc. is a consistent compounder, expanding top-line revenue at 26.3% annually over the past decade.

HUYA Inc. has historically struggled to out-earn its cost of capital, averaging just -0.6% ROIC.

HUYA Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, HUYA Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $80.05 per share.

HUYA stock: frequently asked questions

What is the intrinsic value of Huya Inc. (HUYA) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, HUYA's intrinsic value is about $80.05 per share.

How fast has Huya Inc. grown?

Revenue went from $796.9M in fiscal 2016 to $6.5B in fiscal 2025, a compound annual growth rate of 26.3%. Net income was -$112.6M in fiscal 2025.

Does Huya Inc. generate free cash flow?

Huya Inc. generated -$344.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 5 of the last 10 reported years.

What is HUYA's return on invested capital?

Average ROIC over the last 10 fiscal years was 53.1%, and average return on equity was 48.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this HUYA data come from?

From Huya Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 27, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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