` Comparison: 123420 vs NTES - Alpha Spread
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W
123420
vs
NTES

Over the past 12 months, WeMade Play Co Ltd has underperformed NTES, delivering a return of +1% compared to the NTES's +17% growth.

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123420
NTES
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Stocks Compared:
123420 NTES
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Valuation Comparison

W
Intrinsic Value
11 426.84 KRW
Undervaluation 31%
Intrinsic Value
Price
NTES Intrinsic Value
237.938 USD
Undervaluation 48%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
W
WeMade Play Co Ltd
KOSDAQ:123420
7 880 KRW
NetEase Inc
NASDAQ:NTES
122.585 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
123420, NTES

123420
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
W
WeMade Play Co Ltd
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
123420, NTES

123420
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
W
WeMade Play Co Ltd
KOSDAQ:123420
NetEase Inc
NASDAQ:NTES
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What is Free Cash Flow?

Gross Margin

WeMade Play Co Ltd
0%
NTES
63.5%
LTM 3Y Avg 5Y Avg 10Y Avg
W
WeMade Play Co Ltd
NetEase Inc

Operating Margin

WeMade Play Co Ltd
8.5%
NTES
31.6%
LTM 3Y Avg 5Y Avg 10Y Avg
W
WeMade Play Co Ltd
NetEase Inc

Net Margin

WeMade Play Co Ltd
35.9%
NTES
32.4%
LTM 3Y Avg 5Y Avg 10Y Avg
W
WeMade Play Co Ltd
NetEase Inc

FCF Margin

WeMade Play Co Ltd
13.8%
NTES
41.8%
LTM 3Y Avg 5Y Avg 10Y Avg
W
WeMade Play Co Ltd
NetEase Inc

ROE

WeMade Play Co Ltd
18.5%
NTES
25.2%
LTM 3Y Avg 5Y Avg 10Y Avg
W
WeMade Play Co Ltd
NetEase Inc

ROA

WeMade Play Co Ltd
12.6%
NTES
18.2%
LTM 3Y Avg 5Y Avg 10Y Avg
W
WeMade Play Co Ltd
NetEase Inc

ROIC

WeMade Play Co Ltd
2.7%
NTES
48.6%
LTM 3Y Avg 5Y Avg 10Y Avg
W
WeMade Play Co Ltd
NetEase Inc

ROCE

WeMade Play Co Ltd
3.7%
NTES
23.3%
LTM 3Y Avg 5Y Avg 10Y Avg
W
WeMade Play Co Ltd
NetEase Inc

Solvency Comparison

W
WeMade Play Co Ltd
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
NetEase Inc
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
123420, NTES

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123420
NTES
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
123420, NTES

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123420
NTES
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
123420, NTES

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123420
NTES
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