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NetEase, Inc. NTES
Technology - Electronic Gaming & Multimedia - NASDAQ - CN
Watchlist
$ 127.02
1.11 %
$ 80.8 B
Market Cap
18.45
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one NTES stock under the worst case scenario is HIDDEN Compared to the current market price of 127 USD, NetEase, Inc. is HIDDEN

NTES Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one NTES stock under the base case scenario is HIDDEN Compared to the current market price of 127 USD, NetEase, Inc. is HIDDEN

NTES Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one NTES stock under the best case scenario is HIDDEN Compared to the current market price of 127 USD, NetEase, Inc. is HIDDEN

NTES Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart NTES

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1M 7.0%
6M 34%
1Y 41%
3Y 46%
5Y 71%
All
$130.0$130.0$125.0$125.0$120.0$120.0$115.0$115.0$110.0$110.0$105.0$105.0$100.0$100.0$95.0$95.0$90.0$90.0$85.0$85.015 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
105 B REVENUE
1.77%
Growth Rates
1Year 1.77%
3Years 6.32%
5Years 12.19%
7Years 9.98%
10Years 24.56%
29.6 B OPERATING INCOME
6.77%
Growth Rates
1Year 6.77%
3Years 21.69%
5Years 16.49%
7Years 13.55%
10Years 20.03%
29.7 B NET INCOME
1.16%
Growth Rates
1Year 1.16%
3Years 20.49%
5Years 17.13%
7Years 15.47%
10Years 20.00%
39.7 B OPERATING CASH FLOW
12.30%
Growth Rates
1Year 12.30%
3Years 16.76%
5Years 18.17%
7Years 18.79%
10Years 21.08%
17.9 B INVESTING CASH FLOW
205.12%
Growth Rates
1Year 205.12%
3Years 65.48%
5Years 22.95%
7Years 18.86%
10Years 19.58%
-27.3 B FINANCING CASH FLOW
-27.34%
Growth Rates
1Year -27.34%
3Years -29.50%
5Years -92.23%
7Years -54.47%
10Years -42.74%
26.7 B REVENUE
2.05%
Growth Rates
1Year 1.77%
3Years 6.32%
5Years 12.19%
7Years 9.98%
10Years 24.56%
7.82 B OPERATING INCOME
9.44%
Growth Rates
1Year 6.77%
3Years 21.69%
5Years 16.49%
7Years 13.55%
10Years 20.03%
8.77 B NET INCOME
30.72%
Growth Rates
1Year 1.16%
3Years 20.49%
5Years 17.13%
7Years 15.47%
10Years 20.00%
13 B OPERATING CASH FLOW
23.04%
Growth Rates
1Year 12.30%
3Years 16.76%
5Years 18.17%
7Years 18.79%
10Years 21.08%
20.6 B INVESTING CASH FLOW
2961.65%
Growth Rates
1Year 205.12%
3Years 65.48%
5Years 22.95%
7Years 18.86%
10Years 19.58%
-2.46 B FINANCING CASH FLOW
70.88%
Growth Rates
1Year -27.34%
3Years -29.50%
5Years -92.23%
7Years -54.47%
10Years -42.74%
Balance Sheet NetEase, Inc.
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Current Assets 153 B
Cash & Short-Term Investments 138 B
Receivables 5.67 B
Other Current Assets 10.1 B
Non-Current Assets 42.7 B
Long-Term Investments 3.02 B
PP&E 8.52 B
Other Non-Current Assets 31.1 B
70.20 %2.89 %5.14 %4.35 %15.88 %Total Assets$196.0b
Current Liabilities 49.7 B
Accounts Payable 721 M
Short-Term Debt 12 B
Other Current Liabilities 37 B
Non-Current Liabilities 3.83 B
Long-Term Debt 841 M
Other Non-Current Liabilities 2.99 B
22.39 %69.11 %5.59 %Total Liabilities$53.5b
EFFICIENCY
Earnings Waterfall NetEase, Inc.
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Revenue 105 B
Cost Of Revenue 39.5 B
Gross Profit 65.8 B
Operating Expenses 36.2 B
Operating Income 29.6 B
Other Expenses -114 M
Net Income 29.7 B
120b120b100b100b80b80b60b60b40b40b20b20b00105b(39b)66b(36b)30b114m30bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
62.50% GROSS MARGIN
62.50%
Averages
1Year 62.50%
3Years 59.38%
5Years 56.93%
7Years 54.32%
10Years 54.36%
28.10% OPERATING MARGIN
28.10%
Averages
1Year 28.10%
3Years 25.07%
5Years 22.74%
7Years 21.25%
10Years 23.62%
28.20% NET MARGIN
28.20%
Averages
1Year 28.20%
3Years 25.90%
5Years 22.67%
7Years 20.75%
10Years 22.49%
21.41% ROE
21.41%
Averages
1Year 21.41%
3Years 21.50%
5Years 19.37%
7Years 18.91%
10Years 20.92%
15.15% ROA
15.15%
Averages
1Year 15.15%
3Years 14.25%
5Years 12.44%
7Years 11.62%
10Years 13.27%
15.83% ROIC
15.83%
Averages
1Year 15.83%
3Years 14.23%
5Years 12.72%
7Years 12.11%
10Years 14.82%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis NetEase, Inc.
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40b40b35b35b30b30b25b25b20b20b15b15b10b10b5b5b0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 29.7 B
Depreciation & Amortization 2.42 B
Capital Expenditures -1.28 B
Stock-Based Compensation 3.88 B
Change in Working Capital 1.35 B
Others 2.84 B
Free Cash Flow 38.4 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets NetEase, Inc.
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Wall Street analysts predict an average 1-year price target for NTES of $126 , with forecasts ranging from a low of $82 to a high of $216 .
NTES Lowest Price Target Wall Street Target
82 USD -35.44%
NTES Average Price Target Wall Street Target
126 USD -0.41%
NTES Highest Price Target Wall Street Target
216 USD 70.05%
Price
Max Price Target
Min Price Target
Average Price Target
22022020020018018016016014014012012010010080806060Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
0.47% DIVIDEND YIELD
0.675 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.500002.500002.000002.000001.500001.500001.000001.000000.500000.500000.000000.000000.0780.1280.20150.09550.20350.4050.26751.077351.217750.0780.1460.21550.13750.23150.29750.3220.4650.4950.6750.0880.1560.16550.12150.20750.29650.23750.35750.5250.4350.11160.360.1560.590.14350.730.08950.331.51751.960.1950.930.2250.820.4351.520.4951.750.43252.441.892015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership NetEase, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Want Outperformance? These 5 Stocks Show Relative Strength OPFI, ALNT, PGY, GLDD and NTES are standing out with strong relative price strength and bullish earnings revisions. zacks.com - 1 week ago
4 Stocks From the Tech Industry of China to Keep an Eye On in 2H25 Given China's technological strength and resilience and with AI, EVs and AR leading the way, one can watch stocks like NTES, TSM, BABA and TCEHY. zacks.com - 1 week ago
4 Solid Dividend Growth Stocks to Buy Now NTES, FOX, QFIN and UGI stand out as strong dividend growth stocks amid market volatility and economic uncertainty. zacks.com - 2 weeks ago
Earnings Estimates Rising for NetEase (NTES): Will It Gain? NetEase (NTES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions. zacks.com - 2 weeks ago
NetEase (NTES) Is Up 0.14% in One Week: What You Should Know Does NetEase (NTES) have what it takes to be a top stock pick for momentum investors? Let's find out. zacks.com - 2 weeks ago
RBW Signs Strategic Partnership with NetEase Cloud Music to Expand K-POP's Global Reach Among Chinese Youth HANGZHOU, China , May 26, 2025 /PRNewswire/ -- RBW Inc. (KOSDAQ: 361570), a leading integrated content production company and home to top K-POP acts such as MAMAMOO, ONEUS, ONEWE, and PURPLE KISS, has entered into a strategic copyright partnership with NetEase Cloud Music (HKEX: 9899), one of China's most influential music streaming platforms. This collaboration is set to mark a new chapter in Korea-China music exchange and accelerate K-POP's expansion into the Chinese market. prnewswire.com - 3 weeks ago
NetEase: Delivers Another Gaming Beat, But Valuation Calls For A Breather NetEase delivered strong 1Q25 results, beating revenue and earnings expectations on robust growth in original PC and mobile games. Despite long-term bullishness, we downgrade NTES to 'Hold' as the recent rally has priced in much of the future growth potential. NTES's differentiated focus on original IP and promising game pipeline positions it well for global expansion and sustained industry leadership. seekingalpha.com - 4 weeks ago
NetEase Stock Soars as Games Revenue Jumps U.S.-listed shares of NetEase (NTES) surged nearly 15% in intraday trading Thursday as the Chinese internet and game services provider reported first-quarter results above analysts' estimates. investopedia.com - 1 month ago
NetEase, Inc. (NTES) Q1 2025 Earnings Call Transcript NetEase, Inc. (NASDAQ:NTES ) Q1 2025 Earnings Conference Call May 15, 2025 8:00 AM ET Company Participants Helen Wu - Investor Relations Bill Pang - Vice President, Corporate Development William Ding - Chief Executive Officer Conference Call Participants Miranda Zhuang - Bank of America Lincoln Kong - Goldman Sachs Felix Liu - UBS Yang Liu - Morgan Stanley Ritchie Sun - HSBC Thomas Chong - Jefferies Xueqing Zhang - CICC International Corporation Alicia Yap - Citigroup Operator Good day, and welcome to the NetEase First Quarter 2025 Earnings Conference Call. Today's conference is being recorded. seekingalpha.com - 1 month ago
'Marvel Rivals' Game Publisher Hulks Out After Q1 Earnings Beat Chinese video game publisher NetEase crushed Q1 earnings estimates on better-than-expected sales. NetEase stock surged on the news. investors.com - 1 month ago
Chinese Videogame Giant NetEase Posts Better-Than-Expected Results The Chinese videogame giant delivered solid first-quarter results as its core online business continued to recover, in another sign that China's gaming industry has bounced back. wsj.com - 1 month ago
Youdao Reports First Quarter 2025 Unaudited Financial Results HANGZHOU, China , May 15, 2025 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an AI-powered solutions provider specializing in artificial intelligence applications for the learning and advertising verticals, today announced its unaudited financial results for the first quarter ended March 31, 2025. First Quarter 2025 Financial Highlights Total net revenues were RMB1.3 billion (US$178.9 million), representing a 6.7% decrease from the same period in 2024. prnewswire.com - 1 month ago
8. Profile Summary

NetEase, Inc. NTES

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COUNTRY CN
INDUSTRY Electronic Gaming & Multimedia
MARKET CAP $ 80.8 B
Dividend Yield 0.47%
Description NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; Cloud Music; and Innovative Businesses and Others segments. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company's products and services include Youdao Dictionary, an online knowledge tool; Youdao Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids' Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Smart Learning Pad, and Youdao Listening Pod; online courses; interactive learning apps; and education digitalization solutions, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing; Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands, and manufacturers to the company's OCR capabilities; and Youdao Sports, a sports-centric educational system. Its products and services include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products; www.163.com portal and related mobile app, Wangyi Xinwen, which deliver information such as news, sports events, technology, fashion trends, and online entertainment; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.
Contact NetEase Building, Hangzhou, 310052 https://netease.gcs-web.com
IPO Date June 30, 2000
Employees 26028
Officers Ms. Margaret Shi IR Director Mr. Bill Pang Vice President of Corporate Development Mr. Paul W. Boltz Jr. General Counsel Mr. Yingfeng Ding Executive Vice President Ms. Ying Li Head of Financial Reporting Mr. Lei Ding Founder, Chief Executive Officer & Director Ryutaro Ichimura President & Representative Director of PinCool Inc.