NTES Rating

NTES Intrinsic Value

Key Highlights:
As of Mar 21, 2025 NTES Relative Value is $173.7, which is undervalued by 79.0%, compared to current share price of $97.1.
As of Mar 21, 2025 NTES DCF Value is $162.1, which is undervalued by 67.1%, compared to current share price of $97.1.
Methodology
Price per share, $
Current share price
97.1

NTES Share Price History

1W (5.6%)
1M (4.9%)
6M 22.6%
YTD 9.0%
1Y (6.6%)
3Y 16.9%
5Y 77.5%
10Y 453.9%
Share Price
Intrinsic Value
Drawdown
Total Return
vs SP500
vs NASDAQ
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NTES Stock Metrics

Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Base
CN¥105.3B
Shares Outstanding
642M
Employees
N/A
Valuation (LTM)
Return on Capital
21.6%
15.8%
131.6%
16.9%
Earnings

NTES Stock Financials

NTES Income Statement Metrics

Annual
Quarterly
LTM

Revenue

$14.6B +1.8% YoY

Operating Income

$4.1B +6.8% YoY

Net Income

$4.1B +1.0% YoY

NTES Cash Flow Statement Metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$5,514.6M +12.3% YoY

Capital Expenditure (CAPEX)

($177.3M) -51.2% YoY

Free Cash Flow (FCF)

$5,337.3M +21.0% YoY

NTES Income Statement Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
$14.6B 1.8% YoY
$9,146.4M 4.4% YoY
62.5% margin
Cost of revenue
$5,488.4M (2.3%) YoY
Operating income
$4,111.8M 6.8% YoY
28.1% margin
Other: $852.5M
Operating expenses
$5,034.6M 2.5% YoY
Pre-tax income
$4,964.3M 4.9% YoY
33.9% margin
Net income
$4,127.6M 1.0% YoY
28.2% margin
Income tax
$759.1M
15.3% tax rate
R&D
$2,435.7M 6.3% YoY
16.6% of revenue
SG&A
$2,598.8M (0.9%) YoY
17.8% of revenue

NTES Balance Sheet Overview

Annual
Quarterly
LTM
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Dec'24
Assets
Liabilities
Total assets
$26.8B
Current assets ($21.0B, 78.2% of total)
$18.8B (70.2%)
$776.4M (2.9%)
Other current assets
$1,379.8M (5.1%)
Non-current assets ($5,843.7M, 21.8% of total)
$414.3M (1.5%)
$571.5M (2.1%)
Other non-current assets
$3,691.0M (13.8%)
Financial position
($17.2B)
$18.8B$1,675.4M
Cash & Short-term Investments
Total Debt

NTES Stock Ratios

NTES Earnings Surprises

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NTES Dividends

NTES Dividend Yield

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NTES Dividend Per Share

Competing with NTES

Overview
Ratings
Intrinsic Value
Valuation
Growth
Profitability
Health
Capital allocation
Momentum
Earnings
Dividends
Company name
Market Cap
Quality rating
Intrinsic value
1Y Return
Revenue
Free Cash Flow
Revenue growth
FCF margin
Gross margin
ROIC
Total Debt to Equity
$62.3B
7.3
$167.7
72.8% undervalued
(6.6%)
CN¥105.3B
CN¥37.6B
1.8%
35.7%
62.5%
131.6%
8.6%
$40.4B
6.3
$12.9
78.9% overvalued
62.3%
$3,602.0M
$642.7M
28.7%
17.8%
39.9%
(55.0%)
803.4%
$37.8B
6.5
$103.7
28.2% overvalued
9.5%
$7,340.0M
$1,892.0M
(4.1%)
25.8%
78.3%
14.8%
26.3%
$37.4B
5.4
$48.0
77.5% overvalued
40.3%
$5,450.5M
($494.6M)
1.0%
(9.1%)
52.3%
(5.6%)
18.3%
$9,960.2M
7.7
$3.5
65.3% overvalued
(22.0%)
$340.8M
$147.4M
10.0%
43.2%
74.6%
21.0%
4.6%
$8,511.9M
5.6
$15.2
23.7% overvalued
77.4%
CN¥26.8B
CN¥2,388.2M
19.1%
8.9%
32.7%
(43.9%)
34.3%
$1,495.7M
5.9
$19.2
378.1% undervalued
(40.3%)
$2,549.3M
$395.8M
(0.7%)
15.5%
72.9%
23.5%
(1,904.8%)
$441.4M
5.3
$105.0
654.6% undervalued
40.1%
$598.4M
$0.0
(0.4%)
0.0%
72.3%
(46.8%)
3.9%
$405.8M
5.7
$85.6
46.6% undervalued
(20.4%)
₩516.7B
₩0.0
(31.7%)
0.0%
38.2%
295.8%
0.0%
$282.0M
6.5
$23.8
56.5% undervalued
(33.7%)
$432.6M
$33.0M
(5.6%)
7.6%
66.0%
88.6%
(1.2%)
$224.8M
5.8
$13.6
588.3% undervalued
(34.0%)
$124.4M
($2,228.5K)
181.6%
(1.8%)
54.0%
(1.2%)
40.0%

FAQ

What is NetEase, Inc. (NTES) stock rating?

As of today, NetEase, Inc. has a stock rating of 7 (out of 10), which is considered Great.

is NetEase, Inc. (NTES) a good stock to buy?

As of today, NetEase, Inc. has a Great stock rating, which is 72.8% undervalued. According to Value Sense backtesting, stocks with similar profile tend to outperform the market by 12.8%.