` Comparison: 3659 vs NTES - Alpha Spread
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N
3659
vs
NTES

Over the past 12 months, Nexon Co Ltd has significantly outperformed NTES, delivering a return of +64% compared to the NTES's +16% growth.

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3659
NTES
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3659 NTES
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Valuation Comparison

Nexon Co Ltd Intrinsic Value
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NTES Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
N
Nexon Co Ltd
TSE:3659
3 321 JPY
NetEase Inc
NASDAQ:NTES
115.44 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
3659, NTES

3659
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
N
Nexon 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
3659, NTES

3659
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
N
Nexon Co Ltd
TSE:3659
NetEase Inc
NASDAQ:NTES
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What is Free Cash Flow?

Gross Margin

Nexon Co Ltd
59.4%
NTES
64.3%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Nexon Co Ltd
NetEase Inc

Operating Margin

Nexon Co Ltd
26.1%
NTES
31.8%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Nexon Co Ltd
NetEase Inc

Net Margin

Nexon Co Ltd
19.4%
NTES
30%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Nexon Co Ltd
NetEase Inc

FCF Margin

Nexon Co Ltd
34.2%
NTES
43.2%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Nexon Co Ltd
NetEase Inc

ROE

Nexon Co Ltd
8.9%
NTES
22.6%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Nexon Co Ltd
NetEase Inc

ROA

Nexon Co Ltd
6.9%
NTES
16.2%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Nexon Co Ltd
NetEase Inc

ROIC

Nexon Co Ltd
14.6%
NTES
52.7%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Nexon Co Ltd
NetEase Inc

ROCE

Nexon Co Ltd
10.6%
NTES
22.7%
LTM 3Y Avg 5Y Avg 10Y Avg
N
Nexon Co Ltd
NetEase Inc

Solvency Comparison

N
Nexon Co Ltd
Equity Waterfall
Assets
Liabilities
Equity
What is Equity Waterfall?
NetEase Inc
Equity Waterfall
Assets
Liabilities
Equity
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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
3659, NTES

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3659
NTES
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Performance Gap
3659, NTES

Performance Gap Between 3659 and NTES
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Performance By Year
3659, NTES

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3659
NTES
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