Tuya Inc.
Rank #416Capital ReturnTUYA · NYSE · Technology
Tuya Inc. (TUYA) — Rank #416 by gross profitability (GP/assets 0.14) · ROE 5.7% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0001829118 · all metrics point-in-time as of the filing date.
About
Tuya Inc. provides artificial intelligence (AI) cloud platform services in the People's Republic of China.
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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. The company's PaaS offering enables original equipment manufacturers and brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services. Its SaaS offering enables businesses to deploy, connect, and manage smart devices in various vertical scenarios for spatial intelligence and cloud-based software value-added services to build their own autonomous and controllable smart business platforms. Its solutions include cube private cloud, smart hospitality, smart residential, commercial lighting, and smart house and real estate. The company also offers a range of other cloud-based value-added services to enhance their ability to develop and manage IoT experiences for businesses, developers, and end users. In addition, it provides smart solutions for smart devices integrated with AI and intelligent software capabilities. The company serves brands, original equipment manufacturers, industry operators, and system integrators across a range of industry verticals, such as smart home and business, renewable energy, education, agriculture, outdoors and sport, and entertainment. Tuya Inc.
was founded in 2014 and is based in Hangzhou, the People's Republic of China.
- Industry
- Software - Infrastructure
- Sector
- Technology
- State
- E9
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- tuya.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$1.09B
P/E (annual)
19.8
P/S (annual)
3.4
P/B
1.1
P/OCF (annual)
13.5
Shareholder Yield
2.5%
Employees
1,453
Industry
Software - Infrastructure
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
3.6%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 3.9% — per-share value needs a total required return of 7.5% once share-count change is priced in.
vs. own 6-year median revenue growth: 20.2%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
-0.4%
r = 10% (base)
3.6%
r = 12%
7.1%
Net debt / market cap: -94.0%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.14
Primary signal (Novy-Marx).
3rd pctl of 38 SIC 7372 peers
Return on equity
5.7%
Gross margin
48.2%
14th pctl of 38 SIC 7372 peers
Revenue growth (YoY)
7.8%
RPO growth (YoY)
27.6%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
15.6%
Revenue CAGR (5Y)
12.3%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.11
97th pctl of 33 SIC 7372 peers (best = lowest)
Current ratio
9.63×
100th pctl of 38 SIC 7372 peers
Quick ratio
9.09×
Net cash
$1.03B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$73.90M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.28
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
6.9%
Stock-based comp intensity.
Dividend safety
Composite score
1.2 / 5
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).