Tuya Inc.

HK$12.60As of Sun 8 Nov 2026, 12:00 UTC

HKEX:2391Technology

Country Hong Kong

PE (Fwd) 17.35

TSR 4Y CAGR (0.70%)

Div yield 7.12%

ROE —

Software (Infrastructure)

Beta (5Y) 0.52

PE TTM 17.04

TSR TTM (26.48%)

Mkt cap HK$7.691B

ROIC —

SE Grade™

—

Value

Quality

—

Moat

—

1Y Price

Reference

$13

2.25%

30.62%

Price below Reference Value

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

321.8

Revenue$M

—

302.1

208.2

230.0

298.6

321.8

322.7

1.59%

7.76

Revenue growth%

—

(31.09)

10.48

29.84

7.76

0.28

9.12

—

48.18

Gross margin%

—

42.33

42.96

46.37

47.36

48.18

48.20

46.37

3.57

Operating margin%

—

(60.77)

(80.79)

(46.01)

(15.95)

3.57

2.94

(46.01)

17.99

Net margin%

—

(58.07)

(70.22)

(26.23)

1.67

17.99

17.61

(26.23)

17.04

P/E ratio (avg)x

—

213.8

29.89

17.36

121.9

—

85.94

EV/EBITx

—

150.7

103.9

150.7

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

0.09

EPS$

—

(0.36)

(0.26)

(0.11)

0.01

0.09

1015.46%

—

1015.46

EPS growth%

—

26.36

58.88

107.79

1015.46

(1.84)

83.33

—

Bookvalue per sh$

—

FCF per share$

—

0.11

Dividend per sh$

—

0.06

0.11

0.13

88.32%

—

7.12

Div yield (avg)%

—

3.36

4.06

8.05

3.71

—

127.22

Payout ratio%

—

698.21

127.22

139.67

412.72

—

613.8

Shares (diluted)M

—

489.1

553.5

555.5

591.0

613.8

◌613.8

5.84%

(3.86)

Buyback yield%

—

(13.16)

(0.35)

(6.40)

(3.86)

◌—

(5.13)

—

D/E ratiox

—

0.987

Enterprise value$B

—

0.946

1.197

1.069

1.730

0.987

22.30%

—

LT debt$M

—

Peers (US$987.2M)

Cap (US$)

Dmall Inc.

852.1M

35.54x

Linklogis Inc.

641.8M

—

Mininglamp Technology

506.9M

—

Rapid7, Inc.

1.006B

70.68x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

—

Own earn%

—

Sh yield%

3.27

(1.69)

Owners

Insiders/Inst%

—

Short interest%

—

SBC / revenue%

6.53

Record

10Y

Profitable years

2/5

Revenue growth years

3/4

EPS growth years

4/4

Dividend streakyrs

Op margin range%

−81–4

$1 testx

—

Incr. ROIC%

—

Tuya Inc. provides artificial intelligence (AI) cloud platform services in the People’s Republic of China. Its AI cloud developer platform delivers a suite of offerings, including platform-as-a-service (PaaS), software-as-a-service (SaaS), and smart solutions to developers of smart device, commercial applications, and industries.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

$321.8M

1.59%

1.00×

Cost of revenue

$166.8M

(1.09%)

0.90×

Operating expenses

$143.6M

(17.60%)

0.43×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m