Valuation NetEase, Inc. Deutsche Boerse AG

Stocks

Market Closed - Deutsche Boerse AG 02:05:53 2026-09-08 EDT			5-day change	1st Jan Change
103.00 ^EUR	+0.98%		0.00%	-14.17%

08-27	NetEase Games And Starry Studio Launch Once Human On PS5 And XBOX	CI
08-26	Zephirin Adjusts NetEase's Price Target to HK$168 from HK$160, Keeps at Strong Sell	MT

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	515,673	-	-
Change	-	-24.73%	27.01%	3.27%	48.28%	-15.59%	-	-
Enterprise Value (EV) ¹	349,811	251,355	296,333	297,415	477,502	340,676	315,491	290,516
Change	-	-28.15%	17.89%	0.37%	60.55%	-28.65%	-7.39%	-7.92%
P/E	25.6x	16.4x	14.1x	14.2x	18.4x	13.5x	11.6x	10.6x
PBR	4.48x	3.16x	3.3x	3x	3.83x	2.85x	2.49x	2.23x
PEG	-	0.7x	0.3x	9.18x	1.3x	1x	0.7x	1.15x
Capitalization / Revenue	4.76x	3.26x	3.86x	3.91x	5.42x	4.27x	3.97x	3.74x
EV / Revenue	3.99x	2.6x	2.86x	2.82x	4.24x	2.82x	2.43x	2.11x
EV / EBITDA	17.8x	11.2x	9.63x	9.29x	12.5x	7x	6.06x	5.13x
EV / EBIT	21.3x	12.8x	10.7x	10.1x	13.3x	7.31x	6.31x	5.34x
EV / FCF	16x	10x	8.97x	7.93x	9.8x	8.06x	6.73x	5.39x
FCF Yield	6.24%	9.97%	11.1%	12.6%	10.2%	12.4%	14.9%	18.6%
Dividend per Share ²	1.481	1.916	3.688	3.751	4.113	4.084	5.36	5.961
Rate of return	1.15%	1.89%	2.89%	2.88%	2.13%	2.54%	3.33%	3.7%
EPS ²	5.01	6.17	9.05	9.19	10.48	11.94	13.91	15.2
Distribution rate	29.6%	31.1%	40.8%	40.8%	39.2%	34.2%	38.5%	39.2%
Net sales ¹	87,606	96,496	103,468	105,295	112,626	120,718	129,770	137,759
EBITDA ¹	19,693	22,487	30,764	32,002	38,082	48,662	52,030	56,576
EBIT ¹	16,417	19,629	27,709	29,584	35,835	46,591	50,014	54,380
Net income ¹	16,857	20,338	29,417	29,698	33,760	37,283	43,353	46,899
Net Debt ¹	-67,502	-62,758	-102,617	-114,592	-133,423	-174,997	-200,182	-225,157
Reference price ²	128.31	101.28	127.62	130.05	192.85	161.08	161.08	161.08
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	-	-	-