|
Real-time Estimate
Cboe BZX
12:57:11 14/10/2026 am IST
|
5-day change | 1st Jan Change | ||
| 124.89 USD | -0.41% |
|
+4.93% | -9.21% |
| 08/10 | Netease Cloud Music, Gamma Agree to Multi-Year Partnership in China | MT |
| 28/09 | NetEase's Ananta Could Drive 2027 Growth, Morgan Stanley Says | MT |
Company Valuation: NetEase, Inc.
Data adjusted to current consolidation scope
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 4,17,313 | 3,14,113 | 3,98,949 | 4,12,006 | 6,10,925 | 5,33,799 | - | - |
| Change | - | -24.73% | 27.01% | 3.27% | 48.28% | -12.62% | - | - |
| Enterprise Value (EV) 1 | 3,49,811 | 2,51,355 | 2,96,333 | 2,97,415 | 4,77,502 | 3,60,097 | 3,34,014 | 3,08,116 |
| Change | - | -28.15% | 17.89% | 0.37% | 60.55% | -24.59% | -7.24% | -7.75% |
| P/E | 25.6x | 16.4x | 14.1x | 14.2x | 18.4x | 13.9x | 12x | 11x |
| PBR | 4.48x | 3.16x | 3.3x | 3x | 3.83x | 2.93x | 2.55x | 2.27x |
| PEG | - | 0.7x | 0.3x | 9.18x | 1.3x | 1x | 0.7x | 1.17x |
| Capitalization / Revenue | 4.76x | 3.26x | 3.86x | 3.91x | 5.42x | 4.42x | 4.11x | 3.87x |
| EV / Revenue | 3.99x | 2.6x | 2.86x | 2.82x | 4.24x | 2.98x | 2.57x | 2.23x |
| EV / EBITDA | 17.8x | 11.2x | 9.63x | 9.29x | 12.5x | 7.38x | 6.41x | 5.41x |
| EV / EBIT | 21.3x | 12.8x | 10.7x | 10.1x | 13.3x | 7.73x | 6.68x | 5.66x |
| EV / FCF | 16x | 10x | 8.97x | 7.93x | 9.8x | 8.51x | 7.04x | 5.71x |
| FCF Yield | 6.24% | 9.97% | 11.1% | 12.6% | 10.2% | 11.8% | 14.2% | 17.5% |
| Dividend per Share 2 | 1.481 | 1.916 | 3.688 | 3.751 | 4.113 | 4.2 | 5.401 | 6.026 |
| Rate of return | 1.15% | 1.89% | 2.89% | 2.88% | 2.13% | 2.52% | 3.24% | 3.61% |
| EPS 2 | 5.01 | 6.17 | 9.05 | 9.19 | 10.48 | 11.97 | 13.9 | 15.21 |
| Distribution rate | 29.6% | 31.1% | 40.8% | 40.8% | 39.2% | 35.1% | 38.8% | 39.6% |
| Net sales 1 | 87,606 | 96,496 | 1,03,468 | 1,05,295 | 1,12,626 | 1,20,713 | 1,29,885 | 1,38,086 |
| EBITDA 1 | 19,693 | 22,487 | 30,764 | 32,002 | 38,082 | 48,761 | 52,137 | 56,931 |
| EBIT 1 | 16,417 | 19,629 | 27,709 | 29,584 | 35,835 | 46,610 | 49,999 | 54,484 |
| Net income 1 | 16,857 | 20,338 | 29,417 | 29,698 | 33,760 | 37,319 | 43,379 | 47,021 |
| Net Debt 1 | -67,502 | -62,758 | -1,02,617 | -1,14,592 | -1,33,423 | -1,73,702 | -1,99,785 | -2,25,683 |
| Reference price 2 | 128.31 | 101.28 | 127.62 | 130.05 | 192.85 | 166.75 | 166.75 | 166.75 |
| Nbr of stocks (in thousands) | 32,52,359 | 31,01,359 | 31,25,972 | 31,67,959 | 31,67,959 | 32,01,251 | - | - |
| Announcement Date | 24/02/22 | 23/02/23 | 29/02/24 | 20/02/25 | 11/02/26 | - | - | - |
1CNY in Million2CNY
Estimates
P/E, Detailed evolution
| P/E (Y) | EV / Sales (Y) | EV / EBITDA (Y) | Dividend Yield (Y) | Capi.($) | ||
|---|---|---|---|---|---|---|
 | 17.11x | 8.34x | 17.87x | 0.25% | 4,29300Cr | |
| 23.93x | 7.53x | 13.24x | 0.28% | 1,89300Cr | |
| 30.44x | 14.26x | 22.53x | 0.6% | 52TCr | |
| 14.69x | 3.91x | 9.06x | 1.39% | 49TCr | |
| 19.71x | 5.84x | 17.53x | -.--% | 29TCr | |
| 21.17x | 1.55x | 10.49x | 0.98% | 28TCr | |
| 111.51x | 14.73x | 79.1x | -.--% | 23TCr | |
| 22.5x | 2.56x | 13.03x | -.--% | 15TCr | |
| 8.27x | 0.94x | 4.05x | -.--% | 12TCr | |
| Average | 29.93x | 6.63x | 20.77x | 0.39% | 91.74TCr | |
| Weighted average by Cap. | 22.21x | 7.92x | 17.76x | 0.35% |
Y-o-Y evolution of P/E
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
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- Valuation NetEase, Inc.
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