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v0.1
NTES$123.28+0.38%
Fair $123.28+0.0%

NTES

NetEase, Inc.

Communication Services / Electronic Gaming & MultimediaNasdaqGS

$123.28

+0.47 (+0.38%)

Fairly Valued+0.0%Fair Value $123.28Fund rank 39/100 · Data gapFallback financials|
SA 63/B
F-Score: 7/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 23% · confianza 25%

FCF escenarios

weak_data · normalized FCF $37.5B · quality 83.0/100

Data gap 39/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 89/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

63/100

B

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · NTESLocal privado en este navegador · NetEase, Inc.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$79.0B

P/E

15.8x

↓

EV/EBITDA

1.0x

↓

ROE

21.1%

↑

Gross Margin

64.3%

↑

Debt/Equity

0.04

↓
52-Week Range$123
$106$160

TradingView lightweight chart

NTES price, volumen y niveles de valoración

Último $123.29Periodo +20235.7%
Fair value: $123.28

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+5.3%

FCF CAGR

+24.8%

FCF margin

43.2%

FCF / Net income

1.44x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $112.63B · net income $33.76B · FCF $48.69B

2022-FY → 2025-FY

Gross margin

64.3%+9.6% pts

Operating margin

31.8%+11.5% pts

Net margin

30.0%+8.9% pts

FCF margin

43.2%+17.3% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$112.63B$112.63B$105.30B$103.47B$96.50B
Net Income$33.76B$33.76B$29.70B$29.42B$20.34B
EBITDA$38.08B$38.08B$32.00B$30.76B$22.49B
EPS52.4052.4045.9545.2530.85
Gross Margin64.3%64.3%62.5%60.9%54.7%
Operating Margin31.8%31.8%28.1%26.8%20.3%
Net Margin30.0%30.0%28.2%28.4%21.1%
Balance Sheet
Debt/Equity0.040.040.090.160.27
Current Ratio3.293.29———
Cash Flow
Free Cash Flow$48.69B$48.69B$37.47B$31.06B$25.07B
Returns
ROE21.1%21.1%21.4%23.7%19.4%
Valuation
P/E15.8115.811.922.022.64
EV/EBITDA1.021.020.581.902.55
P/B0.500.500.410.480.51
Growth & Yield
Revenue Growth7.0%7.0%1.8%7.2%—
EPS Growth14.0%14.0%1.5%46.7%—
Dividend Yield2.5%2.5%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-40.7%

fácil

EPS terminal req.

$10.94

Spread vs growth

54.7%

5Y implied EPS CAGR

-24.1%

fácil

EPS terminal req.

$13.24

Spread vs growth

38.1%

10Y implied EPS CAGR

-8.6%

fácil

EPS terminal req.

$21.32

Spread vs growth

22.6%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +3.7%

Total return

+3.7%

Start / end P/E

2.6x → 2.4x

EPS bridge

45.95 → 52.40

Residual

-1.6%

EPS growth+14.0%
Multiple rerating-11.2%
Dividend+2.5%
Residual / FX / buybacks / cross-term-1.6%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.