NetEase, Inc.

Report azionario NasdaqGS:NTES

Capitalizzazione di mercato: US$73.5b

NetEase Salute del bilancio

Criteri Salute finanziaria verificati 6/6

NetEase ha un patrimonio netto totale di CN¥165.1B e un debito totale di CN¥6.4B, che porta il suo rapporto debito/patrimonio netto a 3.9%. Le sue attività totali e le sue passività totali sono rispettivamente CN¥221.4B e CN¥56.3B. L'EBIT di NetEase è CN¥35.8B rendendo il suo rapporto di copertura degli interessi -7.6. Ha liquidità e investimenti a breve termine pari a CN¥164.2B.

Informazioni chiave

3.87%

Rapporto debito/patrimonio netto

CN¥6.38b

Debito

Indice di copertura degli interessi-7.6x
ContantiCN¥164.24b
Patrimonio nettoCN¥165.10b
Totale passivitàCN¥56.31b
Totale attivitàCN¥221.42b

Aggiornamenti recenti sulla salute finanziaria

Nessun aggiornamento

Recent updates

Seeking Alpha Apr 21

NetEase Is Finally Unlocking Its Potential For A New Era

Summary NetEase is rated as a Buy, with an estimated fair price of $141.7, 24.2% above the current price, even after discounting risks. NTES will be able to increase revenue thanks to its successful global expansion and longer-lasting live service games, while it will increase its margins from AI efficiency gains and lower distribution costs. The worries of AI being a disruptor for online games are overstated. To truly leverage AI will require vast asset and data libraries, as well as operational expertise. NTES has a strong balance sheet and a healthy dividend and buyback policy, with a current dividend yield of 2.6%. The stock is valued through a scenario analysis, considering revenue and geopolitical risks. However, these risks should also be considered when properly sizing a position inside a portfolio. Read the full article on Seeking Alpha
Seeking Alpha Apr 26

NetEase Stock: Some Upside Left Before It Peaks

Summary NetEase's stock has surged due to China's tech recovery, favorable regulations, and strong earnings, but it now trades at elevated price multiples with potential downside risk. The company excels in developing proprietary AAA content, with gaming generating 79% of revenue and non-gaming segments contributing a significant 20%. NetEase boasts strong financials, including a high cash-to-debt ratio, robust free cash flow, and impressive shareholder rewards through dividends and share buybacks. Despite potential risks from margin pressures and regulatory challenges, NetEase's strong content pipeline and growth in China's gaming market position it for continued outperformance. Read the full article on Seeking Alpha
Seeking Alpha Feb 22

NetEase: Undervalued Gaming Giant With Global Potential

Summary NetEase's 4Q24 net revenue missed consensus due to non-gaming segment weakness, but gaming revenue rose 1.5% y/y, driven by strong PC game performance. Positive initial reception of new games like Marvel Rivals and Where Winds Meet indicates strong global potential and a promising pipeline for 2025. NTES trades at a 9x forward EBITDA, undervalued compared to peers; we value it at 12x forward EBITDA, implying a 26% upside. NTES's proven track record in developing proprietary IPs positions it better than Tencent to deliver AAA global hits, limiting downside risk. Read the full article on Seeking Alpha
Seeking Alpha Dec 24

NetEase: The Chinese Stock In The Right Industry At The Right Price

Summary The developer of newly released Marvel Rivals is trading at a cheap valuation despite the successful launch of their popular title in December. NetEase is trading at an 8.8x TTM free cash flow to enterprise value. As of Q3 2024, NetEase had ~$18.6 billion in cash and short-term investments with less than ~$1.6 billion in debt. The Chinese economy could benefit from the advancement in the video game industry, and NetEase is positioned to take advantage of this opportunity. I believe NetEase is a Strong Buy at $90/ADS share. Read the full article on Seeking Alpha
Seeking Alpha Nov 28

NetEase: Solid Gaming Leadership With Clear Growth Runway And Attractive Valuation

Summary NetEase's strong game development, operational excellence, and growth opportunities make it a compelling investment despite recent revenue fluctuations. Successful Blizzard partnership revival and strong performance in self-developed games highlight NetEase's resilience and growth potential. NetEase's technical expertise, community-building, and AI integration in games showcase its market position and operational excellence. Attractive valuation, financial strength, and shareholder-friendly practices make NetEase an intriguing investment in the gaming sector. Read the full article on Seeking Alpha
Seeking Alpha Nov 12

NetEase: Robust IP, Strong R&D, And An Attractive Price

Summary NetEase has a strong history of developing successful games and maintaining profitability, with a focus on mobile-first gaming and robust intellectual property. The company demonstrates impressive net profit growth and competitive advantage through significant R&D investment and high insider ownership. Despite regulatory challenges in China, NetEase remains undervalued compared to competitors, with a forward PE of 11.56. Diversification into partnerships and other sectors poses some risk, but NetEase's disciplined capital allocation mitigates potential negative impacts. Read the full article on Seeking Alpha
Seeking Alpha Aug 24

NetEase: The Post-Q2 Sell-Off Is A Buying Opportunity

Summary NetEase's Q2 showed top-line growth (+6.1% revenue, +11.6% gross profit) but a 17% drop in net income, leading to a 12% stock decline since my last analysis. AI-driven innovations and global expansion enhance NetEase’s long-term potential; the gaming portfolio and dividend yield of 3.15% are key bullish factors. Despite competition and regulatory risks, FY25 could drive 25% price growth due to valuation recovery. Read the full article on Seeking Alpha
Seeking Alpha Aug 06

NetEase Q2 Earnings Preview: Great Games On The Horizon, Great Financial Position

Summary NetEase, Inc. reports Q2 earnings pre-market on August 16th. Analysts expect $3.65B in revenue, $1.67 non-GAAP EPS, and $1.52 GAAP EPS. Expect updates on mobile games like Eggy Party and Naraka: Bladepoint Mobile, as well as margin improvements and financial strength. Read the full article on Seeking Alpha
Seeking Alpha May 20

NetEase And Its Real Value

Summary NetEase Inc. has a large portfolio of mobile games that contribute to over 80% of its revenue. The company is diversifying into other industries, such as educational services, to capture market share. China's regulatory laws on gaming time could potentially harm NetEase's revenue and growth, but the company is looking to expand into the Western gaming market. This article focuses on the fundamentals, the real value versus the current share price, and if NetEase is currently worth investing in. Read the full article on Seeking Alpha
Seeking Alpha Apr 12

'Warcraft' Return To NetEase Signals Extension Of China's Gaming Relaxation

Summary This week’s renewal of NetEase’s agreement to operate games from Blizzard in China will have relatively little financial impact on either company. The deal signals China’s continued relaxation of regulatory policy and encouragement of global exchanges for the gaming sector. In terms of valuations, NetEase remains the clear number-two in China with a price-to-earnings (P/E) ratio of 16 compared to Tencent’s 24. Read the full article on Seeking Alpha
Seeking Alpha Mar 27

NetEase: Undervalued As Gaming Regulations Don't Detract Much From The Great Business

Summary NetEase, rivaling Tencent, appears undervalued via discounted earnings, despite risks from China's economic shifts and gaming regulations. With over 75% of revenue from gaming, restrictions on minors impact NetEase, yet strategic focus and financial health suggest resilience. Competitive analysis favors NetEase for investment; superior financial management and growth potential position it strongly against Tencent. Read the full article on Seeking Alpha
Seeking Alpha Feb 23

NetEase Earnings: Mobile Games Are Here To Stay And Will Dominate

Summary NetEase is expected to report decent full-year results, with improved operational efficiency and successful game releases. The company has a strong financial position with a large cash reserve and minimal debt. Revenues have been mixed, but margin expansions and improved ROA and ROE indicate positive performance. Recently-released games performed very well, which tells me that the company may continue to find cash cows in new titles going forward. Read the full article on Seeking Alpha
Seeking Alpha Jan 30

NetEase Rumored Downsizing: Fat-Trimming Or Business Restructuring Ahead?

Summary NetEase is said to be laying off workers in many departments, but the company rebutted the claim and said it was actively hiring. NetEase surpassed Meituan to become the fourth most valuable Internet company in China. NetEase is not expensive right now with a forward price-to-earnings ratio of 12.6 times, lower than the 16.3 times average in the past five years. Read the full article on Seeking Alpha
Seeking Alpha Jan 19

NetEase: A Worthy Buy Despite Regulatory Risks

Summary NetEase Inc is recommended as a buy with estimated per share values of $86.39, $98.15, and $104.17 in different scenarios. The recent drop in NetEase's share price due to new gaming regulations may be an overreaction from the market. The company's gaming division has historically shown decent revenue growth rates and operates with similar cost structures as peer companies. Read the full article on Seeking Alpha

Analisi della posizione finanziaria

Passività a breve termine: Le attività a breve termine ( CN¥180.6B ) di NTES superano le sue passività a breve termine ( CN¥52.4B ).

Passività a lungo termine: Le attività a breve termine di NTES ( CN¥180.6B ) superano le sue passività a lungo termine ( CN¥3.9B ).


Storia e analisi del rapporto debito/patrimonio netto

Livello di debito: NTES ha più liquidità del suo debito totale.

Riduzione del debito: Il rapporto debito/patrimonio netto di NTES si è ridotto da 20.8% a 3.9% negli ultimi 5 anni.

Copertura del debito: Il debito di NTES è ben coperto dal flusso di cassa operativo ( 794.7% ).

Copertura degli interessi: NTES matura più interessi di quanti ne paga, quindi la copertura dei pagamenti degli interessi non è un problema.


Bilancio


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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/05/20 04:33
Prezzo dell'azione a fine giornata2026/05/20 00:00
Utili2025/12/31
Utili annuali2025/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

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Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

NetEase, Inc. è coperta da 70 analisti. 30 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Sau Shing ChowABCI Securities Company Limited
Tianli WenAletheia Analyst Network Limited
Zixiao YangArete Research Services LLP