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Deep Value: cash covers more than 100% of the stock price

This company holds roughly $529M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

HUYA logo

HUYA

HUYA
13
Entertainment · Communication Services
Exchange
New York Stock Exchange
Winston Score
13
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Data not available
Valuation
Data not available
Dividends
Good

Winston Score History

The full picture

HUYA Inc. is a Chinese company that runs one of China's largest live game-streaming platforms. Gamers broadcast themselves playing video games, and viewers watch, chat, and send virtual gifts to their favorite streamers. The platform is similar to Twitch in the United States and serves tens of millions of users across mainland China.

HUYA makes money mainly by selling virtual items and gifts that fans buy to support streamers, with a smaller portion coming from advertising and game-related services. The company operates almost entirely in China and is majority-owned by Tencent, one of China's biggest tech companies, which gives it access to popular game titles and distribution. However, HUYA faces intense competition from rival platform Douyu and short-video apps like Douyin, while China's tightening regulations on gaming and online entertainment remain a significant ongoing risk to its business.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+141.5% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

0.2%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$3.6B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

HUYA is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
14.7%
Thin — 14.7% gross margin
Profit after running costs
Operating Margin
-0.4%
Losing money on operations — -0.4%
Return on the money invested
ROCE
-2.5%
Weak — -2.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+12.9%
Fast-growing sales (+12.9% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
0.0%
Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
66.05%
no trend
Healthy income — 66.05% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
N/A
no trend
Data not available

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