NetEase（NTES）株式概要NetEase, Inc.は、オンラインゲーム、音楽ストリーミング、オンライン・インテリジェント学習サービス、インターネット・コンテンツ・サービス事業を中国国内および海外で展開している。 詳細NTES ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長2/6過去の実績4/6財務の健全性6/6配当金3/6報酬当社が推定した公正価値より33.7%で取引されている 収益は年間9.89%増加すると予測されています 過去1年間で収益は5.5%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析リスクチェックの結果、NTES 、リスクは検出されなかった。すべてのリスクチェックを見るNTES Community Fair Values Create NarrativeSee what 141 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$125.82458.7% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0161b2016201920222025202620282031Revenue CN¥161.4bEarnings CN¥48.2bAdvancedSet Fair ValueView all narrativesNetEase, Inc. 競合他社Electronic ArtsSymbol: NasdaqGS:EAMarket cap: US$51.0bSpotify TechnologySymbol: NYSE:SPOTMarket cap: US$99.1bWalt DisneySymbol: NYSE:DISMarket cap: US$173.7bDoubleDown InteractiveSymbol: NasdaqGS:DDIMarket cap: US$594.1m価格と性能株価の高値、安値、推移の概要NetEase過去の株価現在の株価HK$125.8252週高値HK$159.5552週安値HK$106.06ベータ0.801ヶ月の変化10.97%3ヶ月変化5.25%1年変化-2.75%3年間の変化27.80%5年間の変化17.14%IPOからの変化20,653.81%最新ニュースSeeking Alpha • May 27NetEase: Fairly Valued, But China Re-Rating Could Unlock Upside (Rating Downgrade)Summary NetEase is a cash-rich gaming compounder with solid fundamentals, shareholder-friendly management, and attractive headline valuation but faces a persistent China discount. Q1 results showed margin quality with 6.1% revenue growth and 14.8% gross profit growth, but EPS stagnation underscores the need for new titles to drive earnings. NTES remains heavily concentrated in gaming (81.9% of FY25 revenue), with limited diversification and ongoing China policy risks impacting valuation multiples. I rate NTES a Hold, advocating a staggered tranching entry strategy to capitalize on potential sentiment-driven downside amid nuanced valuation and macro uncertainties. Read the full article on Seeking Alphaお知らせ • May 23NetEase, Inc. Approves Dividend for the First Quarter of 2026, Payable on June 15, 2026The board of directors of NetEase, Inc. approved a dividend of USD 0.144 per share (USD 0.720 per ADS) for the first quarter of 2026 to holders of ordinary shares and holders of ADSs as of the close of business on June 5, 2026, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17 Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on June 5, 2026 (Beijing/Hong Kong Time). The payment date is expected to be June 15, 2026 for holders of ordinary shares and on or around June 18, 2026, for holders of ADSs.お知らせ • May 19NetEase, Inc., Annual General Meeting, Jun 23, 2026NetEase, Inc., Annual General Meeting, Jun 23, 2026, at 10:00 China Standard Time. Location: no. 399 wangshang road, binjiang district, zhejiang province, hangzhou Chinaお知らせ • May 07NetEase, Inc. to Report Q1, 2026 Results on May 21, 2026NetEase, Inc. announced that they will report Q1, 2026 results at 6:00 PM, China Standard Time on May 21, 2026お知らせ • Feb 11+ 1 more updateNetEase, Inc. Approves Ordinary Cash Dividend for the Fourth Quarter Ended 31 December 2025, Payable on March 25, 2026NetEase, Inc. approved ordinary cash dividend of USD 0.232 per share (USD 1.16 per ADS) for the fourth quarter ended 31 December 2025 to holders of ordinary shares and holders of ADSs as of the close of business on March 16, 2026, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, on March 16, 2026 (Beijing/Hong Kong Time). The payment date is expected to be March 25, 2026 for holders of ordinary shares and on or around March 27, 2026, for holders of ADSs. NetEase paid a dividend of USD 0.114 per share (USD 0.57 per ADS) for the third quarter of 2025 in December 2025. Ex-dividend date is 13 March 2026. Latest time to lodge transfer documents for registration with share registrar for determining entitlement to the dividend is 16 March 2026.お知らせ • Jan 28NetEase, Inc. to Report Q4, 2025 Results on Feb 11, 2026NetEase, Inc. announced that they will report Q4, 2025 results at 6:00 PM, China Standard Time on Feb 11, 2026最新情報をもっと見るRecent updatesSeeking Alpha • May 27NetEase: Fairly Valued, But China Re-Rating Could Unlock Upside (Rating Downgrade)Summary NetEase is a cash-rich gaming compounder with solid fundamentals, shareholder-friendly management, and attractive headline valuation but faces a persistent China discount. Q1 results showed margin quality with 6.1% revenue growth and 14.8% gross profit growth, but EPS stagnation underscores the need for new titles to drive earnings. NTES remains heavily concentrated in gaming (81.9% of FY25 revenue), with limited diversification and ongoing China policy risks impacting valuation multiples. I rate NTES a Hold, advocating a staggered tranching entry strategy to capitalize on potential sentiment-driven downside amid nuanced valuation and macro uncertainties. Read the full article on Seeking Alphaお知らせ • May 23NetEase, Inc. Approves Dividend for the First Quarter of 2026, Payable on June 15, 2026The board of directors of NetEase, Inc. approved a dividend of USD 0.144 per share (USD 0.720 per ADS) for the first quarter of 2026 to holders of ordinary shares and holders of ADSs as of the close of business on June 5, 2026, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17 Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on June 5, 2026 (Beijing/Hong Kong Time). The payment date is expected to be June 15, 2026 for holders of ordinary shares and on or around June 18, 2026, for holders of ADSs.お知らせ • May 19NetEase, Inc., Annual General Meeting, Jun 23, 2026NetEase, Inc., Annual General Meeting, Jun 23, 2026, at 10:00 China Standard Time. Location: no. 399 wangshang road, binjiang district, zhejiang province, hangzhou Chinaお知らせ • May 07NetEase, Inc. to Report Q1, 2026 Results on May 21, 2026NetEase, Inc. announced that they will report Q1, 2026 results at 6:00 PM, China Standard Time on May 21, 2026お知らせ • Feb 11+ 1 more updateNetEase, Inc. Approves Ordinary Cash Dividend for the Fourth Quarter Ended 31 December 2025, Payable on March 25, 2026NetEase, Inc. approved ordinary cash dividend of USD 0.232 per share (USD 1.16 per ADS) for the fourth quarter ended 31 December 2025 to holders of ordinary shares and holders of ADSs as of the close of business on March 16, 2026, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, on March 16, 2026 (Beijing/Hong Kong Time). The payment date is expected to be March 25, 2026 for holders of ordinary shares and on or around March 27, 2026, for holders of ADSs. NetEase paid a dividend of USD 0.114 per share (USD 0.57 per ADS) for the third quarter of 2025 in December 2025. Ex-dividend date is 13 March 2026. Latest time to lodge transfer documents for registration with share registrar for determining entitlement to the dividend is 16 March 2026.お知らせ • Jan 28NetEase, Inc. to Report Q4, 2025 Results on Feb 11, 2026NetEase, Inc. announced that they will report Q4, 2025 results at 6:00 PM, China Standard Time on Feb 11, 2026お知らせ • Nov 20NetEase, Inc. Announces Dividend for the Third Quarter Ended 30 September 2025, Payable on 16 December 2025NetEase, Inc. announced dividend of USD 0.114 per share for the third quarter ended 30 September 2025. Ex-dividend date 04 December 2025. Record date 05 December 2025. Payment date 16 December 2025.お知らせ • Nov 06NetEase, Inc. to Report Q3, 2025 Results on Nov 20, 2025NetEase, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 20, 2025お知らせ • Aug 14+ 1 more updateNetEase, Inc. Approves Dividend for the Second Quarter Ended June 30, 2025, Payable on September 8, 2025The board of directors of NetEase, Inc. approved a dividend of USD 0.1140 per share (USD 0.5700 per ADS) for the second quarter of 2025 to holders of ordinary shares and holders of ADSs as of the close of business on August 28, 2025, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited no later than August 28, 2025 (Beijing/Hong Kong Time). The payment date is expected to be September 8, 2025 for holders of ordinary shares and on or around September 11, 2025, for holders of ADSs.お知らせ • Jul 31NetEase, Inc. to Report Q2, 2025 Results on Aug 14, 2025NetEase, Inc. announced that they will report Q2, 2025 results at 6:00 PM, China Standard Time on Aug 14, 2025お知らせ • May 15NetEase, Inc. Approves Dividend for the First Quarter of 2025, Payable on June 10, 2025The board of directors of NetEase, Inc. approved a dividend of USD 0.1350 per share (USD 0.6750 per ADS) for the first quarter of 2025 to holders of ordinary shares and holders of ADSs as of the close of business on May 30, 2025, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. The payment date is expected to be June 10, 2025, for holders of ordinary shares and on or around June 13, 2025, for holders of ADSs.お知らせ • Apr 30NetEase, Inc. to Report Q1, 2025 Results on May 15, 2025NetEase, Inc. announced that they will report Q1, 2025 results Pre-Market on May 15, 2025Seeking Alpha • Apr 26NetEase Stock: Some Upside Left Before It PeaksSummary 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お知らせ • Apr 16NetEase, Inc., Annual General Meeting, Jun 25, 2025NetEase, Inc., Annual General Meeting, Jun 25, 2025, at 10:00 China Standard Time. Location: company`s offices, no. 399 wangshang road, binjiang district, zhejiang province, 310052, hangzhou, ChinaSeeking Alpha • Feb 22NetEase: Undervalued Gaming Giant With Global PotentialSummary 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お知らせ • Feb 20NetEase, Inc. Approves Dividend to Ordinary Share Holders and ADSs Holders for the Fourth Quarter of 2024, Expect to Pay on March 17, 2025 and on or Around March 20, 2025, RespectivelyThe board of directors of NetEase, Inc. approved a dividend of USD 0.24405 per share (USD 1.22025 per ADS) for the fourth quarter of 2024 to holders of ordinary shares and holders of ADSs as of the close of business on March 6, 2025, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17 Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on March 6, 2025 (Beijing/Hong Kong Time). The payment date is expected to be March 17, 2025, for holders of ordinary shares and on or around March 20, 2025, for holders of ADSs.お知らせ • Feb 06NetEase, Inc. to Report Q4, 2024 Results on Feb 20, 2025NetEase, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025Seeking Alpha • Dec 24NetEase: The Chinese Stock In The Right Industry At The Right PriceSummary 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 AlphaSeeking Alpha • Nov 28NetEase: Solid Gaming Leadership With Clear Growth Runway And Attractive ValuationSummary 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お知らせ • Nov 14NetEase, Inc. Announces Dividend for the Third Quarter Ended September 30, 2024, Payable on December 10, 2024NetEase, Inc. announced the dividend of USD 0.087 per share for the third quarter ended September 30, 2024. Ex-dividend date is November 28, 2024. Record date is November 29, 2024. Payment date is December 10, 2024.Seeking Alpha • Nov 12NetEase: Robust IP, Strong R&D, And An Attractive PriceSummary 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お知らせ • Oct 31NetEase, Inc. to Report Q3, 2024 Results on Nov 14, 2024NetEase, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$93.54, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Entertainment industry in the US. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$165 per share.Reported Earnings • Aug 25Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: CN¥10.50 (down from CN¥12.80 in 2Q 2023). Revenue: CN¥25.5b (up 6.1% from 2Q 2023). Net income: CN¥6.76b (down 18% from 2Q 2023). Profit margin: 27% (down from 34% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 5.6%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Declared Dividend • Aug 25Second quarter dividend of US$0.43 announcedShareholders will receive a dividend of US$0.43. Ex-date: 6th September 2024 Payment date: 20th September 2024 Dividend yield will be 3.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Seeking Alpha • Aug 24NetEase: The Post-Q2 Sell-Off Is A Buying OpportunitySummary 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お知らせ • Aug 22NetEase, Inc. Approves A Dividend for the Second Quarter of 2024, Payable on September 17, 2024The board of directors of NetEase, Inc. has approved a dividend of USD 0.0870 per share (USD 0.4350 per ADS) for the second quarter of 2024 to holders of ordinary shares and holders of ADSs as of the close of business on September 6, 2024, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong no later than 4:30 p.m. on September 6, 2024 (Beijing/Hong Kong Time). The payment date is expected to be September 17, 2024 for holders of ordinary shares and on or around September 20, 2024 for holders of ADSs.Seeking Alpha • Aug 06NetEase Q2 Earnings Preview: Great Games On The Horizon, Great Financial PositionSummary 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お知らせ • Aug 05NetEase, Inc. to Report Q2, 2024 Results on Aug 22, 2024NetEase, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 22, 2024Declared Dividend • May 26First quarter dividend of US$0.49 announcedShareholders will receive a dividend of US$0.49. Ex-date: 6th June 2024 Payment date: 21st June 2024 Dividend yield will be 2.9%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 22NetEase, Inc. Showcases Latest Game Advancements at 2024 Annual Product Launch EventNetEase, Inc. announced an exciting product lineup, content reveals and plans for over 40 game franchises and products at its annual product launch event on May 20. The 120-minute online event showcased an array of NetEase's vibrant and diversified gaming offerings across genres and platforms. Some highlights from the event include: Exciting new game plans and content updates, such as: Where Winds Meet (an open-world action-adventure RPG), NARAKA: BLADEPOINT Mobile (a melee-focused hero battle royale), Once Human (a supernatural open-world survival game), Ashfall (a cross-platform post-apocalyptic MMORPG) and Lost Light (an endless loot shooting game), for domestic audiences; Dedicated layouts and plans to further extend the appeal of iconic titles, such as new expansion packs, crossovers, gameplay and upcoming events for games including Fantasy Westward Journey series, Westward Journey series, Justice series, Eggy Party, Racing Master and Identity V, among others; and Numerous reveals from games collaborated between NetEase and its global partners. For instance, the producer of Marvel Snap introduced behind-the-scenes stories of its inspirations and other anecdotes. First introduced in 2015, NetEase's product launch event is an annual celebration and carnival for developers, players and NetEase partners. This year's presentations again demonstrate NetEase's unwavering commitment to offering players the best and most exhilarating gaming experiences possible.Seeking Alpha • May 20NetEase And Its Real ValueSummary 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お知らせ • May 08NetEase, Inc. to Report Q1, 2024 Results on May 23, 2024NetEase, Inc. announced that they will report Q1, 2024 results at 6:00 PM, China Standard Time on May 23, 2024New Risk • Apr 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.0% increase in shares outstanding).お知らせ • Apr 28NetEase, Inc., Annual General Meeting, Jun 26, 2024NetEase, Inc., Annual General Meeting, Jun 26, 2024, at 10:00 China Standard Time. Location: offices located at No. 399 Wangshang Road, Binjiang District Hangzhou, Zhejiang Province, People’s Republic of China 310052 Hangzhou China Agenda: To re-elect the following five directors to serve for the ensuing year until the next annual general meeting of shareholders and until their successors are elected and duly qualified, or until such directors are otherwise vacated in accordance with the Company’s Memorandum and Articles of Association: Mr. William Lei Ding, Ms. Alice Cheng, Ms. Grace Tang, Mr. Joseph Tong and Mr. Michael Leung; to ratify the appointment of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as auditors of the Company for the fiscal year ending December 31, 2024 for U.S. financial reporting and Hong Kong financial reporting purposes, respectively; and to consider other business matters.Reported Earnings • Apr 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥45.73 (up from CN¥30.20 in FY 2022). Revenue: CN¥103.5b (up 7.2% from FY 2022). Net income: CN¥29.4b (up 49% from FY 2022). Profit margin: 28% (up from 20% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.New Risk • Apr 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.9% increase in shares outstanding).Seeking Alpha • Apr 12'Warcraft' Return To NetEase Signals Extension Of China's Gaming RelaxationSummary 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 AlphaSeeking Alpha • Mar 27NetEase: Undervalued As Gaming Regulations Don't Detract Much From The Great BusinessSummary 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 AlphaRecent Insider Transactions Derivative • Mar 13Independent Director notifies of intention to sell stockTze Kay Tong intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of March. If the sale is conducted around the recent share price of US$106, it would amount to US$1.6m. As of today, Tze Kay currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months.Upcoming Dividend • Mar 06Upcoming dividend of US$1.08 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.1%).Declared Dividend • Mar 04Fourth quarter dividend of US$1.08 announcedShareholders will receive a dividend of US$1.08. Ex-date: 13th March 2024 Payment date: 28th March 2024 Dividend yield will be 2.3%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 01Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥45.73 (up from CN¥30.20 in FY 2022). Revenue: CN¥103.5b (up 7.2% from FY 2022). Net income: CN¥29.4b (up 49% from FY 2022). Profit margin: 28% (up from 20% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 29NetEase, Inc. Announces Dividend for the Fourth Quarter Ended 31 December 2023, Payable on 25 March 2024NetEase, Inc. announced dividend of USD 0.21597 per share for the fourth quarter ended 31 December 2023. Ex-dividend date is 13 March 2024. Record date is 14 March 2024. Payment date is 25 March 2024.Seeking Alpha • Feb 23NetEase Earnings: Mobile Games Are Here To Stay And Will DominateSummary 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お知らせ • Feb 07NetEase, Inc. to Report Q4, 2023 Results on Feb 29, 2024NetEase, Inc. announced that they will report Q4, 2023 results at 6:00 PM, China Standard Time on Feb 29, 2024Seeking Alpha • Jan 30NetEase 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 AlphaValuation Update With 7 Day Price Move • Jan 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$104, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 26x in the Entertainment industry in the US. Total loss to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$146 per share.Seeking Alpha • Jan 19NetEase: A Worthy Buy Despite Regulatory RisksSummary 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 AlphaValuation Update With 7 Day Price Move • Dec 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$87.64, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 26x in the Entertainment industry in the US. Total loss to shareholders of 2.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$148 per share.Buying Opportunity • Nov 27Now 21% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be US$146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is also forecast to grow by 7.8% per annum over the same time period.Upcoming Dividend • Nov 23Upcoming dividend of US$0.49 per share at 1.1% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (5.0%). In line with average of industry peers (1.1%).お知らせ • Nov 17+ 1 more updateNetEase, Inc. Announces Resignation of Charles Zhaoxuan Yang as Chief Financial Officer Effective November 30, 2023NetEase, Inc. announced that Mr. Charles Zhaoxuan Yang has resigned from his position as Chief Financial Officer effective November 30, 2023 for personal reasons and to subsequently pursue other career interests. Mr. Yang will remain with the Company as a consultant until June 30, 2024 to ensure a smooth transition as the Company undertakes a search to find a successor.Reported Earnings • Nov 17Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: CN¥12.19 (up from CN¥10.27 in 3Q 2022). Revenue: CN¥27.3b (up 12% from 3Q 2022). Net income: CN¥7.84b (up 17% from 3Q 2022). Profit margin: 29% (up from 27% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 27NetEase, Inc. to Report Q3, 2023 Results on Nov 16, 2023NetEase, Inc. announced that they will report Q3, 2023 results at 6:00 PM, China Standard Time on Nov 16, 2023Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥12.80 (vs CN¥7.13 in 2Q 2022)Second quarter 2023 results: EPS: CN¥12.80 (up from CN¥7.13 in 2Q 2022). Revenue: CN¥24.0b (up 3.7% from 2Q 2022). Net income: CN¥8.24b (up 77% from 2Q 2022). Profit margin: 34% (up from 20% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Aug 25NetEase, Inc. Approves Dividend for the Second Quarter of 2023, Payable on September 19, 2023The board of directors of NetEase, Inc. has approved a dividend of USD 0.1050 per share (USD 0.5250 per ADS) for the second quarter of 2023 to holders of ordinary shares and holders of ADSs as of the close of business on September 8, 2023 The payment date is expected to be September 19, 2023 for holders of ordinary shares, and on or around September 22, 2023 for holders of ADSs.Buying Opportunity • Aug 11Now 22% undervaluedOver the last 90 days, the stock is up 21%. The fair value is estimated to be US$132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings is also forecast to grow by 8.6% per annum over the same time period.お知らせ • Aug 04NetEase, Inc. to Report Q2, 2023 Results on Aug 24, 2023NetEase, Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 24, 2023Major Estimate Revision • Jun 01Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥31.10 to CN¥34.61. Revenue forecast steady at CN¥105.3b. Net income forecast to grow 2.2% next year vs 22% growth forecast for Entertainment industry in the US. Consensus price target up from US$107 to US$116. Share price was steady at US$85.08 over the past week.お知らせ • May 26NetEase, Inc. Approves A Dividend for the First Quarter of 2023, Payable on June 21, 2023The board of directors of NetEase, Inc. has approved a dividend of USD 0.0930 per share (USD 0.4650 per ADS) for the first quarter of 2023 to holders of ordinary shares and holders of ADSs as of the close of business on June 9, 2023, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong no later than 4:30 p.m. on June 9, 2023 (Beijing/Hong Kong Time). The payment date is expected to be June 21, 2023 for holders of ordinary shares, and on or around June 23, 2023 for holders of ADSs.お知らせ • May 22Netease, Inc. Updates to Existing and Pipeline Games at Product Launch EventNetEase, Inc. announced robust game content updates and plans for over 50 Chinese and international games across various genres. Catering to NetEase's growing global audience, these updates were streamed in English and Japanese during NetEase Connect 2023, the Company's annual product launch event that took place on May 20, 2023. The latest content updates are part of NetEase's efforts to grow its development pipeline of quality products for players around the world. Earlier this year, the Company announced two newly formed games studios, Anchor Point Game Studios and Spliced Inc. Limited, spearheaded by industry veterans and talents who are focused on bringing more fresh and thrilling experiences to players worldwide. Alongside the many announcements at NetEase Connect 2023, the Company revealed its global aspiration for its casual game Eggy Party, which was first launched internationally in the Philippines last month. Other key highlights included: First real-time gameplay preview of Justice mobile game which is slated to launch on June 30, 2023 in Chinese mainland; Exclusive look at highly anticipated domestic and global projects: Harry Potter: Magical Awakened, Badlanders, Racing Master, Mission Zero, Once Human, Ashfall, and Dunk City Dynasty; Content updates to Naraka: Bladepoint, Knives Out, Fantasy Westward Journey series, Dead by Daylight Mobile, Lost Light, Identity V, and many more; Presented the official soundtrack for Ashfall by world-renowned composers Hans Zimmer, recipient of the 67th Academy Award for Best Original Score, and Steve Mazzaro, who has composed music for numerous films including Iron Man and The Dark Knight Rises; A detailed look at NetEase's 2023 global esports strategy at the event.お知らせ • May 05NetEase, Inc. to Report Q1, 2023 Results on May 25, 2023NetEase, Inc. announced that they will report Q1, 2023 results at 6:00 AM, US Eastern Standard Time on May 25, 2023Reported Earnings • Apr 29Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: CN¥30.20 (up from CN¥25.34 in FY 2021). Revenue: CN¥96.5b (up 10% from FY 2021). Net income: CN¥19.7b (up 17% from FY 2021). Profit margin: 20% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year.Upcoming Dividend • Mar 01Upcoming dividend of US$0.27 per share at 1.8% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 24 March 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (1.0%).Reported Earnings • Feb 24Full year 2022 earnings released: EPS: CN¥30.20 (vs CN¥25.34 in FY 2021)Full year 2022 results: EPS: CN¥30.20 (up from CN¥25.34 in FY 2021). Revenue: CN¥96.5b (up 10% from FY 2021). Net income: CN¥19.7b (up 17% from FY 2021). Profit margin: 20% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 03NetEase, Inc. to Report Q4, 2022 Results on Feb 23, 2023NetEase, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 23, 2023株主還元NTESUS EntertainmentUS 市場7D5.3%0.02%0.9%1Y-2.8%-18.4%24.5%株主還元を見る業界別リターン: NTES過去 1 年間で-18.4 % の収益を上げたUS Entertainment業界を上回りました。リターン対市場: NTESは、過去 1 年間で24.5 % のリターンを上げたUS市場を下回りました。価格変動Is NTES's price volatile compared to industry and market?NTES volatilityNTES Average Weekly Movement3.9%Entertainment Industry Average Movement9.2%Market Average Movement7.2%10% most volatile stocks in US Market16.7%10% least volatile stocks in US Market3.1%安定した株価: NTES 、 US市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: NTESの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト199725,382William Dingir.netease.comNetEase, Inc.は、オンラインゲーム、音楽ストリーミング、オンラインインテリジェント学習サービス、インターネットコンテンツサービス事業を中国国内および海外で展開している。ゲームおよび関連付加価値サービス事業、YouDao事業、NetEase Cloud Music事業、革新的事業およびその他事業を展開。モバイルゲームやPCゲームの開発・運営、他デベロッパーからライセンスされたゲームの提供を行っている。また、ライブストリーミングサービスや、ゲームをテーマにしたグッズの販売など、ゲームに関連する付加価値サービスも提供している。さらに、「Youdao Lingshi」や「Youdao Literature」などのインタラクティブな学習機能を備えたデジタルコンテンツサービス、コンピュータ・コーディング・コースなどのSTEAMコース、China University massive open online courseなどの成人向けコースも提供している。さらに、オンライン言語ツール「Youdao Dictionary」、教育分野向け大型言語モデル「Confucius」、AIによるバーチャル英会話チューター「Hi Echo」、会話ベースのAIチューター「Mr P AI Tutor」、会話ベースのツール「Confucius」、デスクトップ辞書ツール「Youdao Desktop Translation」、オンライン辞書・翻訳アプリ「U-Dictionary」、音声書き起こしツール「iRecord」、留学講義シナリオ用通訳ソフト「LectMate」、AI住宅設計ソフト「iArch」、AI赤ちゃんジェネレーター「Baby Genius」、旅行者向け翻訳ツール「One Translate Translator」などを提供している。また、パフォーマンスベースの広告サービスや、バナー、テキストリンク、動画、ロゴ、ボタン、リッチメディアを通じたグローバル・マーケティングおよびプロモーション・サービスからなるオンライン・マーケティング・サービスも提供している。さらに、同社はYoudao Dictionary Pen、Youdao Listening Pod、Youdao Smart Learning Padなどのスマートデバイスを開発、提供している。NetEase, Inc.の前身はNetEase.com, Inc.で、2012年3月に社名をNetEase, Inc.に変更した。同社は1997年に設立され、中華人民共和国の杭州に本社を置いている。もっと見るNetEase, Inc. 基礎のまとめNetEase の収益と売上を時価総額と比較するとどうか。NTES 基礎統計学時価総額US$81.27b収益（TTM）US$5.05b売上高(TTM)US$16.91b16.1xPER（株価収益率4.8xP/SレシオNTES は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計NTES 損益計算書（TTM）収益CN¥114.39b売上原価CN¥39.25b売上総利益CN¥75.14bその他の費用CN¥41.01b収益CN¥34.13b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）10.70グロス・マージン65.69%純利益率29.84%有利子負債／自己資本比率6.5%NTES の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.3%現在の配当利回り39%配当性向NTES 配当は確実ですか？NTES 配当履歴とベンチマークを見るNTES 、いつまでに購入すれば配当金を受け取れますか？NetEase 配当日配当落ち日Jun 05 2026配当支払日Jun 18 2026配当落ちまでの日数9 days配当支払日までの日数4 daysNTES 配当は確実ですか？NTES 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/14 05:09終値2026/06/12 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋NetEase, Inc. 33 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。70 アナリスト機関Sau Shing ChowABCI Securities Company LimitedTianli WenAletheia Analyst Network LimitedZixiao YangArete Research Services LLP67 その他のアナリストを表示
Seeking Alpha • May 27NetEase: Fairly Valued, But China Re-Rating Could Unlock Upside (Rating Downgrade)Summary NetEase is a cash-rich gaming compounder with solid fundamentals, shareholder-friendly management, and attractive headline valuation but faces a persistent China discount. Q1 results showed margin quality with 6.1% revenue growth and 14.8% gross profit growth, but EPS stagnation underscores the need for new titles to drive earnings. NTES remains heavily concentrated in gaming (81.9% of FY25 revenue), with limited diversification and ongoing China policy risks impacting valuation multiples. I rate NTES a Hold, advocating a staggered tranching entry strategy to capitalize on potential sentiment-driven downside amid nuanced valuation and macro uncertainties. Read the full article on Seeking Alpha
お知らせ • May 23NetEase, Inc. Approves Dividend for the First Quarter of 2026, Payable on June 15, 2026The board of directors of NetEase, Inc. approved a dividend of USD 0.144 per share (USD 0.720 per ADS) for the first quarter of 2026 to holders of ordinary shares and holders of ADSs as of the close of business on June 5, 2026, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17 Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on June 5, 2026 (Beijing/Hong Kong Time). The payment date is expected to be June 15, 2026 for holders of ordinary shares and on or around June 18, 2026, for holders of ADSs.
お知らせ • May 19NetEase, Inc., Annual General Meeting, Jun 23, 2026NetEase, Inc., Annual General Meeting, Jun 23, 2026, at 10:00 China Standard Time. Location: no. 399 wangshang road, binjiang district, zhejiang province, hangzhou China
お知らせ • May 07NetEase, Inc. to Report Q1, 2026 Results on May 21, 2026NetEase, Inc. announced that they will report Q1, 2026 results at 6:00 PM, China Standard Time on May 21, 2026
お知らせ • Feb 11+ 1 more updateNetEase, Inc. Approves Ordinary Cash Dividend for the Fourth Quarter Ended 31 December 2025, Payable on March 25, 2026NetEase, Inc. approved ordinary cash dividend of USD 0.232 per share (USD 1.16 per ADS) for the fourth quarter ended 31 December 2025 to holders of ordinary shares and holders of ADSs as of the close of business on March 16, 2026, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, on March 16, 2026 (Beijing/Hong Kong Time). The payment date is expected to be March 25, 2026 for holders of ordinary shares and on or around March 27, 2026, for holders of ADSs. NetEase paid a dividend of USD 0.114 per share (USD 0.57 per ADS) for the third quarter of 2025 in December 2025. Ex-dividend date is 13 March 2026. Latest time to lodge transfer documents for registration with share registrar for determining entitlement to the dividend is 16 March 2026.
お知らせ • Jan 28NetEase, Inc. to Report Q4, 2025 Results on Feb 11, 2026NetEase, Inc. announced that they will report Q4, 2025 results at 6:00 PM, China Standard Time on Feb 11, 2026
Seeking Alpha • May 27NetEase: Fairly Valued, But China Re-Rating Could Unlock Upside (Rating Downgrade)Summary NetEase is a cash-rich gaming compounder with solid fundamentals, shareholder-friendly management, and attractive headline valuation but faces a persistent China discount. Q1 results showed margin quality with 6.1% revenue growth and 14.8% gross profit growth, but EPS stagnation underscores the need for new titles to drive earnings. NTES remains heavily concentrated in gaming (81.9% of FY25 revenue), with limited diversification and ongoing China policy risks impacting valuation multiples. I rate NTES a Hold, advocating a staggered tranching entry strategy to capitalize on potential sentiment-driven downside amid nuanced valuation and macro uncertainties. Read the full article on Seeking Alpha
お知らせ • May 23NetEase, Inc. Approves Dividend for the First Quarter of 2026, Payable on June 15, 2026The board of directors of NetEase, Inc. approved a dividend of USD 0.144 per share (USD 0.720 per ADS) for the first quarter of 2026 to holders of ordinary shares and holders of ADSs as of the close of business on June 5, 2026, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17 Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on June 5, 2026 (Beijing/Hong Kong Time). The payment date is expected to be June 15, 2026 for holders of ordinary shares and on or around June 18, 2026, for holders of ADSs.
お知らせ • May 19NetEase, Inc., Annual General Meeting, Jun 23, 2026NetEase, Inc., Annual General Meeting, Jun 23, 2026, at 10:00 China Standard Time. Location: no. 399 wangshang road, binjiang district, zhejiang province, hangzhou China
お知らせ • May 07NetEase, Inc. to Report Q1, 2026 Results on May 21, 2026NetEase, Inc. announced that they will report Q1, 2026 results at 6:00 PM, China Standard Time on May 21, 2026
お知らせ • Feb 11+ 1 more updateNetEase, Inc. Approves Ordinary Cash Dividend for the Fourth Quarter Ended 31 December 2025, Payable on March 25, 2026NetEase, Inc. approved ordinary cash dividend of USD 0.232 per share (USD 1.16 per ADS) for the fourth quarter ended 31 December 2025 to holders of ordinary shares and holders of ADSs as of the close of business on March 16, 2026, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, on March 16, 2026 (Beijing/Hong Kong Time). The payment date is expected to be March 25, 2026 for holders of ordinary shares and on or around March 27, 2026, for holders of ADSs. NetEase paid a dividend of USD 0.114 per share (USD 0.57 per ADS) for the third quarter of 2025 in December 2025. Ex-dividend date is 13 March 2026. Latest time to lodge transfer documents for registration with share registrar for determining entitlement to the dividend is 16 March 2026.
お知らせ • Jan 28NetEase, Inc. to Report Q4, 2025 Results on Feb 11, 2026NetEase, Inc. announced that they will report Q4, 2025 results at 6:00 PM, China Standard Time on Feb 11, 2026
お知らせ • Nov 20NetEase, Inc. Announces Dividend for the Third Quarter Ended 30 September 2025, Payable on 16 December 2025NetEase, Inc. announced dividend of USD 0.114 per share for the third quarter ended 30 September 2025. Ex-dividend date 04 December 2025. Record date 05 December 2025. Payment date 16 December 2025.
お知らせ • Nov 06NetEase, Inc. to Report Q3, 2025 Results on Nov 20, 2025NetEase, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 20, 2025
お知らせ • Aug 14+ 1 more updateNetEase, Inc. Approves Dividend for the Second Quarter Ended June 30, 2025, Payable on September 8, 2025The board of directors of NetEase, Inc. approved a dividend of USD 0.1140 per share (USD 0.5700 per ADS) for the second quarter of 2025 to holders of ordinary shares and holders of ADSs as of the close of business on August 28, 2025, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited no later than August 28, 2025 (Beijing/Hong Kong Time). The payment date is expected to be September 8, 2025 for holders of ordinary shares and on or around September 11, 2025, for holders of ADSs.
お知らせ • Jul 31NetEase, Inc. to Report Q2, 2025 Results on Aug 14, 2025NetEase, Inc. announced that they will report Q2, 2025 results at 6:00 PM, China Standard Time on Aug 14, 2025
お知らせ • May 15NetEase, Inc. Approves Dividend for the First Quarter of 2025, Payable on June 10, 2025The board of directors of NetEase, Inc. approved a dividend of USD 0.1350 per share (USD 0.6750 per ADS) for the first quarter of 2025 to holders of ordinary shares and holders of ADSs as of the close of business on May 30, 2025, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. The payment date is expected to be June 10, 2025, for holders of ordinary shares and on or around June 13, 2025, for holders of ADSs.
お知らせ • Apr 30NetEase, Inc. to Report Q1, 2025 Results on May 15, 2025NetEase, Inc. announced that they will report Q1, 2025 results Pre-Market on May 15, 2025
Seeking Alpha • Apr 26NetEase Stock: Some Upside Left Before It PeaksSummary 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
お知らせ • Apr 16NetEase, Inc., Annual General Meeting, Jun 25, 2025NetEase, Inc., Annual General Meeting, Jun 25, 2025, at 10:00 China Standard Time. Location: company`s offices, no. 399 wangshang road, binjiang district, zhejiang province, 310052, hangzhou, China
Seeking Alpha • Feb 22NetEase: Undervalued Gaming Giant With Global PotentialSummary 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
お知らせ • Feb 20NetEase, Inc. Approves Dividend to Ordinary Share Holders and ADSs Holders for the Fourth Quarter of 2024, Expect to Pay on March 17, 2025 and on or Around March 20, 2025, RespectivelyThe board of directors of NetEase, Inc. approved a dividend of USD 0.24405 per share (USD 1.22025 per ADS) for the fourth quarter of 2024 to holders of ordinary shares and holders of ADSs as of the close of business on March 6, 2025, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17 Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on March 6, 2025 (Beijing/Hong Kong Time). The payment date is expected to be March 17, 2025, for holders of ordinary shares and on or around March 20, 2025, for holders of ADSs.
お知らせ • Feb 06NetEase, Inc. to Report Q4, 2024 Results on Feb 20, 2025NetEase, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 20, 2025
Seeking Alpha • Dec 24NetEase: The Chinese Stock In The Right Industry At The Right PriceSummary 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 28NetEase: Solid Gaming Leadership With Clear Growth Runway And Attractive ValuationSummary 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
お知らせ • Nov 14NetEase, Inc. Announces Dividend for the Third Quarter Ended September 30, 2024, Payable on December 10, 2024NetEase, Inc. announced the dividend of USD 0.087 per share for the third quarter ended September 30, 2024. Ex-dividend date is November 28, 2024. Record date is November 29, 2024. Payment date is December 10, 2024.
Seeking Alpha • Nov 12NetEase: Robust IP, Strong R&D, And An Attractive PriceSummary 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
お知らせ • Oct 31NetEase, Inc. to Report Q3, 2024 Results on Nov 14, 2024NetEase, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 19%After last week's 19% share price gain to US$93.54, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Entertainment industry in the US. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$165 per share.
Reported Earnings • Aug 25Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: CN¥10.50 (down from CN¥12.80 in 2Q 2023). Revenue: CN¥25.5b (up 6.1% from 2Q 2023). Net income: CN¥6.76b (down 18% from 2Q 2023). Profit margin: 27% (down from 34% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 5.6%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Declared Dividend • Aug 25Second quarter dividend of US$0.43 announcedShareholders will receive a dividend of US$0.43. Ex-date: 6th September 2024 Payment date: 20th September 2024 Dividend yield will be 3.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Seeking Alpha • Aug 24NetEase: The Post-Q2 Sell-Off Is A Buying OpportunitySummary 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
お知らせ • Aug 22NetEase, Inc. Approves A Dividend for the Second Quarter of 2024, Payable on September 17, 2024The board of directors of NetEase, Inc. has approved a dividend of USD 0.0870 per share (USD 0.4350 per ADS) for the second quarter of 2024 to holders of ordinary shares and holders of ADSs as of the close of business on September 6, 2024, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong no later than 4:30 p.m. on September 6, 2024 (Beijing/Hong Kong Time). The payment date is expected to be September 17, 2024 for holders of ordinary shares and on or around September 20, 2024 for holders of ADSs.
Seeking Alpha • Aug 06NetEase Q2 Earnings Preview: Great Games On The Horizon, Great Financial PositionSummary 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
お知らせ • Aug 05NetEase, Inc. to Report Q2, 2024 Results on Aug 22, 2024NetEase, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 22, 2024
Declared Dividend • May 26First quarter dividend of US$0.49 announcedShareholders will receive a dividend of US$0.49. Ex-date: 6th June 2024 Payment date: 21st June 2024 Dividend yield will be 2.9%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 22NetEase, Inc. Showcases Latest Game Advancements at 2024 Annual Product Launch EventNetEase, Inc. announced an exciting product lineup, content reveals and plans for over 40 game franchises and products at its annual product launch event on May 20. The 120-minute online event showcased an array of NetEase's vibrant and diversified gaming offerings across genres and platforms. Some highlights from the event include: Exciting new game plans and content updates, such as: Where Winds Meet (an open-world action-adventure RPG), NARAKA: BLADEPOINT Mobile (a melee-focused hero battle royale), Once Human (a supernatural open-world survival game), Ashfall (a cross-platform post-apocalyptic MMORPG) and Lost Light (an endless loot shooting game), for domestic audiences; Dedicated layouts and plans to further extend the appeal of iconic titles, such as new expansion packs, crossovers, gameplay and upcoming events for games including Fantasy Westward Journey series, Westward Journey series, Justice series, Eggy Party, Racing Master and Identity V, among others; and Numerous reveals from games collaborated between NetEase and its global partners. For instance, the producer of Marvel Snap introduced behind-the-scenes stories of its inspirations and other anecdotes. First introduced in 2015, NetEase's product launch event is an annual celebration and carnival for developers, players and NetEase partners. This year's presentations again demonstrate NetEase's unwavering commitment to offering players the best and most exhilarating gaming experiences possible.
Seeking Alpha • May 20NetEase And Its Real ValueSummary 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
お知らせ • May 08NetEase, Inc. to Report Q1, 2024 Results on May 23, 2024NetEase, Inc. announced that they will report Q1, 2024 results at 6:00 PM, China Standard Time on May 23, 2024
New Risk • Apr 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.0% increase in shares outstanding).
お知らせ • Apr 28NetEase, Inc., Annual General Meeting, Jun 26, 2024NetEase, Inc., Annual General Meeting, Jun 26, 2024, at 10:00 China Standard Time. Location: offices located at No. 399 Wangshang Road, Binjiang District Hangzhou, Zhejiang Province, People’s Republic of China 310052 Hangzhou China Agenda: To re-elect the following five directors to serve for the ensuing year until the next annual general meeting of shareholders and until their successors are elected and duly qualified, or until such directors are otherwise vacated in accordance with the Company’s Memorandum and Articles of Association: Mr. William Lei Ding, Ms. Alice Cheng, Ms. Grace Tang, Mr. Joseph Tong and Mr. Michael Leung; to ratify the appointment of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as auditors of the Company for the fiscal year ending December 31, 2024 for U.S. financial reporting and Hong Kong financial reporting purposes, respectively; and to consider other business matters.
Reported Earnings • Apr 26Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥45.73 (up from CN¥30.20 in FY 2022). Revenue: CN¥103.5b (up 7.2% from FY 2022). Net income: CN¥29.4b (up 49% from FY 2022). Profit margin: 28% (up from 20% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
New Risk • Apr 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.9% increase in shares outstanding).
Seeking Alpha • Apr 12'Warcraft' Return To NetEase Signals Extension Of China's Gaming RelaxationSummary 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 27NetEase: Undervalued As Gaming Regulations Don't Detract Much From The Great BusinessSummary 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
Recent Insider Transactions Derivative • Mar 13Independent Director notifies of intention to sell stockTze Kay Tong intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of March. If the sale is conducted around the recent share price of US$106, it would amount to US$1.6m. As of today, Tze Kay currently holds no shares directly (This sale likely refers to shares that have not yet been received). There have been no trades via on-market transactions or options from company insiders in the last 12 months.
Upcoming Dividend • Mar 06Upcoming dividend of US$1.08 per shareEligible shareholders must have bought the stock before 13 March 2024. Payment date: 28 March 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.1%).
Declared Dividend • Mar 04Fourth quarter dividend of US$1.08 announcedShareholders will receive a dividend of US$1.08. Ex-date: 13th March 2024 Payment date: 28th March 2024 Dividend yield will be 2.3%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 01Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥45.73 (up from CN¥30.20 in FY 2022). Revenue: CN¥103.5b (up 7.2% from FY 2022). Net income: CN¥29.4b (up 49% from FY 2022). Profit margin: 28% (up from 20% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 29NetEase, Inc. Announces Dividend for the Fourth Quarter Ended 31 December 2023, Payable on 25 March 2024NetEase, Inc. announced dividend of USD 0.21597 per share for the fourth quarter ended 31 December 2023. Ex-dividend date is 13 March 2024. Record date is 14 March 2024. Payment date is 25 March 2024.
Seeking Alpha • Feb 23NetEase Earnings: Mobile Games Are Here To Stay And Will DominateSummary 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
お知らせ • Feb 07NetEase, Inc. to Report Q4, 2023 Results on Feb 29, 2024NetEase, Inc. announced that they will report Q4, 2023 results at 6:00 PM, China Standard Time on Feb 29, 2024
Seeking Alpha • Jan 30NetEase 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
Valuation Update With 7 Day Price Move • Jan 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$104, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 26x in the Entertainment industry in the US. Total loss to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$146 per share.
Seeking Alpha • Jan 19NetEase: A Worthy Buy Despite Regulatory RisksSummary 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
Valuation Update With 7 Day Price Move • Dec 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$87.64, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 26x in the Entertainment industry in the US. Total loss to shareholders of 2.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$148 per share.
Buying Opportunity • Nov 27Now 21% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be US$146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is also forecast to grow by 7.8% per annum over the same time period.
Upcoming Dividend • Nov 23Upcoming dividend of US$0.49 per share at 1.1% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (5.0%). In line with average of industry peers (1.1%).
お知らせ • Nov 17+ 1 more updateNetEase, Inc. Announces Resignation of Charles Zhaoxuan Yang as Chief Financial Officer Effective November 30, 2023NetEase, Inc. announced that Mr. Charles Zhaoxuan Yang has resigned from his position as Chief Financial Officer effective November 30, 2023 for personal reasons and to subsequently pursue other career interests. Mr. Yang will remain with the Company as a consultant until June 30, 2024 to ensure a smooth transition as the Company undertakes a search to find a successor.
Reported Earnings • Nov 17Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: CN¥12.19 (up from CN¥10.27 in 3Q 2022). Revenue: CN¥27.3b (up 12% from 3Q 2022). Net income: CN¥7.84b (up 17% from 3Q 2022). Profit margin: 29% (up from 27% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 27NetEase, Inc. to Report Q3, 2023 Results on Nov 16, 2023NetEase, Inc. announced that they will report Q3, 2023 results at 6:00 PM, China Standard Time on Nov 16, 2023
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥12.80 (vs CN¥7.13 in 2Q 2022)Second quarter 2023 results: EPS: CN¥12.80 (up from CN¥7.13 in 2Q 2022). Revenue: CN¥24.0b (up 3.7% from 2Q 2022). Net income: CN¥8.24b (up 77% from 2Q 2022). Profit margin: 34% (up from 20% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Aug 25NetEase, Inc. Approves Dividend for the Second Quarter of 2023, Payable on September 19, 2023The board of directors of NetEase, Inc. has approved a dividend of USD 0.1050 per share (USD 0.5250 per ADS) for the second quarter of 2023 to holders of ordinary shares and holders of ADSs as of the close of business on September 8, 2023 The payment date is expected to be September 19, 2023 for holders of ordinary shares, and on or around September 22, 2023 for holders of ADSs.
Buying Opportunity • Aug 11Now 22% undervaluedOver the last 90 days, the stock is up 21%. The fair value is estimated to be US$132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings is also forecast to grow by 8.6% per annum over the same time period.
お知らせ • Aug 04NetEase, Inc. to Report Q2, 2023 Results on Aug 24, 2023NetEase, Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 24, 2023
Major Estimate Revision • Jun 01Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥31.10 to CN¥34.61. Revenue forecast steady at CN¥105.3b. Net income forecast to grow 2.2% next year vs 22% growth forecast for Entertainment industry in the US. Consensus price target up from US$107 to US$116. Share price was steady at US$85.08 over the past week.
お知らせ • May 26NetEase, Inc. Approves A Dividend for the First Quarter of 2023, Payable on June 21, 2023The board of directors of NetEase, Inc. has approved a dividend of USD 0.0930 per share (USD 0.4650 per ADS) for the first quarter of 2023 to holders of ordinary shares and holders of ADSs as of the close of business on June 9, 2023, Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars. For holders of ordinary shares, in order to qualify for the dividend, all valid documents for the transfer of shares accompanied by the relevant share certificates must be lodged for registration with the Company's Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong no later than 4:30 p.m. on June 9, 2023 (Beijing/Hong Kong Time). The payment date is expected to be June 21, 2023 for holders of ordinary shares, and on or around June 23, 2023 for holders of ADSs.
お知らせ • May 22Netease, Inc. Updates to Existing and Pipeline Games at Product Launch EventNetEase, Inc. announced robust game content updates and plans for over 50 Chinese and international games across various genres. Catering to NetEase's growing global audience, these updates were streamed in English and Japanese during NetEase Connect 2023, the Company's annual product launch event that took place on May 20, 2023. The latest content updates are part of NetEase's efforts to grow its development pipeline of quality products for players around the world. Earlier this year, the Company announced two newly formed games studios, Anchor Point Game Studios and Spliced Inc. Limited, spearheaded by industry veterans and talents who are focused on bringing more fresh and thrilling experiences to players worldwide. Alongside the many announcements at NetEase Connect 2023, the Company revealed its global aspiration for its casual game Eggy Party, which was first launched internationally in the Philippines last month. Other key highlights included: First real-time gameplay preview of Justice mobile game which is slated to launch on June 30, 2023 in Chinese mainland; Exclusive look at highly anticipated domestic and global projects: Harry Potter: Magical Awakened, Badlanders, Racing Master, Mission Zero, Once Human, Ashfall, and Dunk City Dynasty; Content updates to Naraka: Bladepoint, Knives Out, Fantasy Westward Journey series, Dead by Daylight Mobile, Lost Light, Identity V, and many more; Presented the official soundtrack for Ashfall by world-renowned composers Hans Zimmer, recipient of the 67th Academy Award for Best Original Score, and Steve Mazzaro, who has composed music for numerous films including Iron Man and The Dark Knight Rises; A detailed look at NetEase's 2023 global esports strategy at the event.
お知らせ • May 05NetEase, Inc. to Report Q1, 2023 Results on May 25, 2023NetEase, Inc. announced that they will report Q1, 2023 results at 6:00 AM, US Eastern Standard Time on May 25, 2023
Reported Earnings • Apr 29Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: CN¥30.20 (up from CN¥25.34 in FY 2021). Revenue: CN¥96.5b (up 10% from FY 2021). Net income: CN¥19.7b (up 17% from FY 2021). Profit margin: 20% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year.
Upcoming Dividend • Mar 01Upcoming dividend of US$0.27 per share at 1.8% yieldEligible shareholders must have bought the stock before 08 March 2023. Payment date: 24 March 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (1.0%).
Reported Earnings • Feb 24Full year 2022 earnings released: EPS: CN¥30.20 (vs CN¥25.34 in FY 2021)Full year 2022 results: EPS: CN¥30.20 (up from CN¥25.34 in FY 2021). Revenue: CN¥96.5b (up 10% from FY 2021). Net income: CN¥19.7b (up 17% from FY 2021). Profit margin: 20% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Entertainment industry in the US. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 03NetEase, Inc. to Report Q4, 2022 Results on Feb 23, 2023NetEase, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 23, 2023
