|
Real-time Estimate
Tradegate
06:55:57 19/08/2026 pm IST
|
5-day change | 1st Jan Change | ||
| 106.50 EUR | +1.43% |
|
-1.85% | -11.67% |
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 | 5,33,358 | - | - |
| Change | - | -24.73% | 27.01% | 3.27% | 48.28% | -12.7% | - | - |
| Enterprise Value (EV) 1 | 3,49,811 | 2,51,355 | 2,96,333 | 2,97,415 | 4,77,502 | 3,56,797 | 3,31,243 | 3,05,848 |
| Change | - | -28.15% | 17.89% | 0.37% | 60.55% | -25.28% | -7.16% | -7.67% |
| P/E | 25.6x | 16.4x | 14.1x | 14.2x | 18.4x | 13.5x | 12.3x | 11.1x |
| PBR | 4.48x | 3.16x | 3.3x | 3x | 3.83x | 2.87x | 2.52x | 2.25x |
| PEG | - | 0.7x | 0.3x | 9.18x | 1.3x | 0.8x | 1.2x | 1.1x |
| Capitalization / Revenue | 4.76x | 3.26x | 3.86x | 3.91x | 5.42x | 4.41x | 4.1x | 3.8x |
| EV / Revenue | 3.99x | 2.6x | 2.86x | 2.82x | 4.24x | 2.95x | 2.54x | 2.18x |
| EV / EBITDA | 17.8x | 11.2x | 9.63x | 9.29x | 12.5x | 7.66x | 6.64x | 5.59x |
| EV / EBIT | 21.3x | 12.8x | 10.7x | 10.1x | 13.3x | 8.17x | 6.99x | 5.88x |
| EV / FCF | 16x | 10x | 8.97x | 7.93x | 9.8x | 7.86x | 7.29x | 5.52x |
| FCF Yield | 6.24% | 9.97% | 11.1% | 12.6% | 10.2% | 12.7% | 13.7% | 18.1% |
| Dividend per Share 2 | 1.481 | 1.916 | 3.688 | 3.751 | 4.113 | 4.357 | 5.456 | 6.201 |
| Rate of return | 1.15% | 1.89% | 2.89% | 2.88% | 2.13% | 2.62% | 3.27% | 3.72% |
| EPS 2 | 5.01 | 6.17 | 9.05 | 9.19 | 10.48 | 12.32 | 13.57 | 14.99 |
| Distribution rate | 29.6% | 31.1% | 40.8% | 40.8% | 39.2% | 35.4% | 40.2% | 41.4% |
| Net sales 1 | 87,606 | 96,496 | 1,03,468 | 1,05,295 | 1,12,626 | 1,20,854 | 1,30,212 | 1,40,247 |
| EBITDA 1 | 19,693 | 22,487 | 30,764 | 32,002 | 38,082 | 46,576 | 49,870 | 54,678 |
| EBIT 1 | 16,417 | 19,629 | 27,709 | 29,584 | 35,835 | 43,657 | 47,402 | 52,032 |
| Net income 1 | 16,857 | 20,338 | 29,417 | 29,698 | 33,760 | 39,363 | 43,118 | 46,960 |
| Net Debt 1 | -67,502 | -62,758 | -1,02,617 | -1,14,592 | -1,33,423 | -1,76,561 | -2,02,115 | -2,27,510 |
| Reference price 2 | 128.31 | 101.28 | 127.62 | 130.05 | 192.85 | 166.61 | 166.61 | 166.61 |
| 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.($) | ||
|---|---|---|---|---|---|---|
| 13.52x | 2.95x | 7.66x | 2.62% | 7.91TCr | ||
| 20.14x | 3.55x | 12.89x | 15.59% | 1.48TCr | ||
| 11.09x | 1.46x | 4.29x | 1% | 703.25Cr | ||
| 25.54x | 2.42x | 11.41x | 1.75% | 651.9Cr | ||
| 13.44x | 2.3x | 10.59x | 6.06% | 624.98Cr | ||
| 14.19x | 3.3x | 8.75x | 5.22% | 407.45Cr | ||
| 15.22x | 5.17x | 12.25x | 3.3% | 348.49Cr | ||
| 14.53x | 2.26x | 10.8x | 5.96% | 335.5Cr | ||
| 10.37x | 1.08x | 4.93x | 1.28% | 315.82Cr | ||
| Average | 15.34x | 2.72x | 9.29x | 4.75% | 1.42TCr | |
| Weighted average by Cap. | 14.78x | 2.89x | 8.59x | 4.31% |
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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