` Comparison: 2400, NTES - Alpha Spread

2400
vs
NTES

Over the past 12 months, XD Inc has significantly outperformed NTES, delivering a return of +134% compared to the NTES's +49% growth.

Valuation Growth Profitability Solvency Stocks Performance
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2400
NTES
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2400 NTES
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Valuation Comparison

Intrinsic Value
60.75 HKD
Overvaluation 3%
Intrinsic Value
Price
NTES Intrinsic Value
138.66 USD
Fairly Valued
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
XD Inc
HKEX:2400
62.75 HKD
NetEase Inc
NASDAQ:NTES
139.14 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
2400, NTES

2400
NTES
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
XD Inc
Revenue
NetEase Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
2400, NTES

2400
NTES
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
XD Inc
HKEX:2400
NetEase Inc
NASDAQ:NTES
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What is Free Cash Flow?

Gross Margin

XD Inc
72.1%
NTES
63.5%
LTM 3Y Avg 5Y Avg 10Y Avg
XD Inc
NetEase Inc

Operating Margin

XD Inc
26.1%
NTES
31.6%
LTM 3Y Avg 5Y Avg 10Y Avg
XD Inc
NetEase Inc

Net Margin

XD Inc
23.2%
NTES
32.5%
LTM 3Y Avg 5Y Avg 10Y Avg
XD Inc
NetEase Inc

FCF Margin

XD Inc
25.6%
NTES
41.8%
LTM 3Y Avg 5Y Avg 10Y Avg
XD Inc
NetEase Inc

ROE

XD Inc
57.5%
NTES
25.2%
LTM 3Y Avg 5Y Avg 10Y Avg
XD Inc
NetEase Inc

ROA

XD Inc
34.5%
NTES
18.2%
LTM 3Y Avg 5Y Avg 10Y Avg
XD Inc
NetEase Inc

ROIC

XD Inc
147.6%
NTES
48.6%
LTM 3Y Avg 5Y Avg 10Y Avg
XD Inc
NetEase Inc

ROCE

XD Inc
57%
NTES
23.3%
LTM 3Y Avg 5Y Avg 10Y Avg
XD Inc
NetEase Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
2400, NTES

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2400
NTES
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
2400, NTES

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2400
NTES
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
2400, NTES

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2400
NTES
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