|
Delayed
Sao Paulo
11:12:45 2026-08-28 EDT
|
5-day change | 1st Jan Change | ||
| 63.54 BRL | +0.57% |
|
-0.03% | -17.59% |
| 08-26 | Zephirin Adjusts NetEase's Price Target to HK$168 from HK$160, Keeps at Strong Sell | MT |
| 08-25 | Nomura Adjusts Netease Price Target to $157 From $155, Maintains Buy Rating | MT |
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 | 518,437 | - | - |
| Change | - | -24.73% | 27.01% | 3.27% | 48.28% | -15.14% | - | - |
| Enterprise Value (EV) 1 | 349,811 | 251,355 | 296,333 | 297,415 | 477,502 | 343,440 | 318,255 | 293,280 |
| Change | - | -28.15% | 17.89% | 0.37% | 60.55% | -28.08% | -7.33% | -7.85% |
| P/E | 25.6x | 16.4x | 14.1x | 14.2x | 18.4x | 13.6x | 11.6x | 10.7x |
| PBR | 4.48x | 3.16x | 3.3x | 3x | 3.83x | 2.87x | 2.5x | 2.24x |
| PEG | - | 0.7x | 0.3x | 9.18x | 1.3x | 1x | 0.7x | 1.16x |
| Capitalization / Revenue | 4.76x | 3.26x | 3.86x | 3.91x | 5.42x | 4.29x | 4x | 3.76x |
| EV / Revenue | 3.99x | 2.6x | 2.86x | 2.82x | 4.24x | 2.84x | 2.45x | 2.13x |
| EV / EBITDA | 17.8x | 11.2x | 9.63x | 9.29x | 12.5x | 7.06x | 6.12x | 5.18x |
| EV / EBIT | 21.3x | 12.8x | 10.7x | 10.1x | 13.3x | 7.37x | 6.36x | 5.39x |
| EV / FCF | 16x | 10x | 8.97x | 7.93x | 9.8x | 8.13x | 6.79x | 5.44x |
| FCF Yield | 6.24% | 9.97% | 11.1% | 12.6% | 10.2% | 12.3% | 14.7% | 18.4% |
| 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% | 2.52% | 3.31% | 3.68% |
| 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 | 129,707 | 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 | 161.95 | 161.95 | 161.95 |
| 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.($) | ||
|---|---|---|---|---|---|---|
| 13.82x | 2.93x | 7.26x | 2.47% | 78.57B | ||
| 21.23x | 3.82x | 13.52x | 14.72% | 15.56B | ||
| 11.12x | 1.45x | 4.25x | 0.99% | 7.2B | ||
| 26.21x | 2.5x | 11.78x | 1.71% | 6.67B | ||
| 13.62x | 2.48x | 10.81x | 4.28% | 6.04B | ||
| 14.07x | 3.41x | 8.91x | 5.31% | 4.09B | ||
| 15.6x | 5.33x | 12.63x | 3.22% | 3.57B | ||
| 15.73x | 2.23x | 11.61x | 4.84% | 3.25B | ||
| 10.12x | 1.04x | 4.67x | 1.31% | 3.18B | ||
| Average | 15.73x | 2.80x | 9.49x | 4.32% | 14.24B | |
| Weighted average by Cap. | 15.22x | 2.93x | 8.50x | 4.07% |
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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