|
Market Closed -
Hong Kong S.E.
04:08:08 2026-08-21 am EDT
|
5-day change | 1st Jan Change | ||
| 202.00 HKD | +4.45% |
|
+5.37% | -5.87% |
| 08:52pm | NetEase's Quarterly Profit Slumps as Investment Hit Mars Gaming Gains | MT |
| Aug. 20 | NetEase, Inc., Q2 2026 Earnings Call, Aug 20, 2026 |
Company Valuation: NetEase, Inc.
Data adjusted to current consolidation scope
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 417,313 | 314,113 | 398,949 | 412,006 | 610,925 | 554,573 | - | - |
| Change | - | -24.73% | 27.01% | 3.27% | 48.28% | -9.22% | - | - |
| Enterprise Value (EV) 1 | 349,811 | 251,355 | 296,333 | 297,415 | 477,502 | 378,547 | 353,033 | 327,613 |
| Change | - | -28.15% | 17.89% | 0.37% | 60.55% | -20.72% | -6.74% | -7.2% |
| P/E | 25.6x | 16.4x | 14.1x | 14.2x | 18.4x | 15x | 12.8x | 11.6x |
| PBR | 4.48x | 3.16x | 3.3x | 3x | 3.83x | 3.04x | 2.64x | 2.36x |
| PEG | - | 0.7x | 0.3x | 9.18x | 1.3x | 1.5x | 0.7x | 1.19x |
| Capitalization / Revenue | 4.76x | 3.26x | 3.86x | 3.91x | 5.42x | 4.59x | 4.27x | 3.97x |
| EV / Revenue | 3.99x | 2.6x | 2.86x | 2.82x | 4.24x | 3.13x | 2.72x | 2.35x |
| EV / EBITDA | 17.8x | 11.2x | 9.63x | 9.29x | 12.5x | 7.97x | 6.9x | 5.89x |
| EV / EBIT | 21.3x | 12.8x | 10.7x | 10.1x | 13.3x | 8.11x | 7.27x | 6.17x |
| EV / FCF | 16x | 10x | 8.97x | 7.93x | 9.8x | 9.07x | 7.78x | 5.9x |
| FCF Yield | 6.24% | 9.97% | 11.1% | 12.6% | 10.2% | 11% | 12.8% | 17% |
| Dividend per Share 2 | 1.481 | 1.916 | 3.688 | 3.751 | 4.113 | 4.264 | 5.401 | 6.063 |
| Rate of return | 1.15% | 1.89% | 2.89% | 2.88% | 2.13% | 2.46% | 3.12% | 3.5% |
| EPS 2 | 5.01 | 6.17 | 9.05 | 9.19 | 10.48 | 11.53 | 13.57 | 14.89 |
| Distribution rate | 29.6% | 31.1% | 40.8% | 40.8% | 39.2% | 37% | 39.8% | 40.7% |
| Net sales 1 | 87,606 | 96,496 | 103,468 | 105,295 | 112,626 | 120,767 | 129,856 | 139,531 |
| EBITDA 1 | 19,693 | 22,487 | 30,764 | 32,002 | 38,082 | 47,526 | 51,143 | 55,625 |
| EBIT 1 | 16,417 | 19,629 | 27,709 | 29,584 | 35,835 | 46,663 | 48,557 | 53,111 |
| Net income 1 | 16,857 | 20,338 | 29,417 | 29,698 | 33,760 | 37,181 | 43,210 | 46,968 |
| Net Debt 1 | -67,502 | -62,758 | -102,617 | -114,592 | -133,423 | -176,027 | -201,541 | -226,960 |
| Reference price 2 | 128.31 | 101.28 | 127.62 | 130.05 | 192.85 | 173.24 | 173.24 | 173.24 |
| Nbr of stocks (in thousands) | 3,252,359 | 3,101,359 | 3,125,972 | 3,167,959 | 3,167,959 | 3,201,251 | - | - |
| Announcement Date | 2/24/22 | 2/23/23 | 2/29/24 | 2/20/25 | 2/11/26 | - | - | - |
1CNY in Million2CNY
Estimates
P/E, Detailed evolution
| P/E (Y) | EV / Sales (Y) | EV / EBITDA (Y) | Dividend Yield (Y) | Capi.($) | ||
|---|---|---|---|---|---|---|
 | 14.23x | 2.94x | 7.4x | 2.46% | 78.94B | |
| 20.02x | 3.63x | 12.85x | 15.31% | 15.06B | |
| 10.9x | 1.43x | 4.19x | 1.01% | 7B | |
| 26.09x | 2.5x | 11.74x | 1.71% | 6.7B | |
| 13x | 2.22x | 10.22x | 6.26% | 6.06B | |
| 14.6x | 3.41x | 9.18x | 5.07% | 4.2B | |
| 15.51x | 5.29x | 12.54x | 3.24% | 3.57B | |
| 20.11x | 2.27x | 12.18x | 6.02% | 3.31B | |
| 9.94x | 1.01x | 4.55x | 1.3% | 3.07B | |
| 9.48x | 1.73x | 5.34x | 0.96% | 2.47B | |
| Average | 15.39x | 2.64x | 9.02x | 4.34% | 13.04B | |
| Weighted average by Cap. | 15.28x | 2.87x | 8.42x | 4.15% |
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
- Stock Market
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- 9999 Stock
- Valuation NetEase, Inc.
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