NetEase Inc
NASDAQ:NTES

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NetEase Inc
NASDAQ:NTES
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Price: 126.25 USD -1.85%
Market Cap: 81.4B USD

Relative Value

The Relative Value of one NTES stock under the Base Case scenario is 103.41 USD. Compared to the current market price of 126.25 USD, NetEase Inc is Overvalued by 18%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NTES Relative Value
Base Case
103.41 USD
Overvaluation 18%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
11
vs Industry
18
Median 3Y
4.1
Median 5Y
4.5
Industry
1.5
Forward
5
vs History
44
vs Industry
26
Median 3Y
16.2
Median 5Y
17.1
Industry
17.7
Forward
16
vs History
52
vs Industry
29
Median 3Y
12.5
Median 5Y
14.3
Industry
11.1
vs History
9
vs Industry
24
Median 3Y
14.5
Median 5Y
15.2
Industry
15.5
vs History
31
vs Industry
20
Median 3Y
3.5
Median 5Y
3.8
Industry
1.8
vs History
17
vs Industry
23
Median 3Y
3.2
Median 5Y
3.5
Industry
1.6
Forward
3.9
vs History
30
vs Industry
28
Median 3Y
5.3
Median 5Y
6
Industry
3.4
vs History
50
vs Industry
26
Median 3Y
11.3
Median 5Y
13.4
Industry
8.7
Forward
11
vs History
55
vs Industry
28
Median 3Y
12.6
Median 5Y
15.5
Industry
12.4
Forward
11.6
vs History
53
vs Industry
35
Median 3Y
9.2
Median 5Y
11.3
Industry
10.8
vs History
57
vs Industry
33
Median 3Y
10.2
Median 5Y
12.7
Industry
13.4
vs History
1
vs Industry
10
Median 3Y
5.4
Median 5Y
5.9
Industry
1.4

Multiples Across Competitors

NTES Competitors Multiples
NetEase Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
NetEase Inc
NASDAQ:NTES
81.3B USD 5.4 18 12.9 13.8
SG
Sea Ltd
NYSE:SE
98.3B USD 5.5 112.4 66.6 91.4
JP
Nintendo Co Ltd
TSE:7974
13.9T JPY 11.9 49.7 39.5 41.6
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 8.5 34.2 24.6 28.9
US
Roblox Corp
NYSE:RBLX
65B USD 17 -74 -79.7 -61.9
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
41.1B USD 7.3 -9.1 62.7 -86.6
US
Electronic Arts Inc
NASDAQ:EA
37.7B USD 5 33.6 19.1 23.4
JP
Konami Holdings Corp
TSE:9766
2.7T JPY 6.3 35.7 18.5 23.7
JP
Nexon Co Ltd
TSE:3659
2.1T JPY 4.7 16.9 10.3 11.1
JP
Capcom Co Ltd
TSE:9697
1.8T JPY 10.6 37.1 23.3 24.9
KR
Krafton Inc
KRX:259960
16.8T KRW 5.8 12.6 8.7 9.5
P/E Multiple
Earnings Growth PEG
CN
NetEase Inc
NASDAQ:NTES
Average P/E: 38.9
18
13%
1.4
SG
Sea Ltd
NYSE:SE
112.4
96%
1.2
JP
Nintendo Co Ltd
TSE:7974
49.7
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -74 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -9.1 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
33.6
32%
1
JP
Konami Holdings Corp
TSE:9766
35.7
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
16.9
-4%
N/A
JP
Capcom Co Ltd
TSE:9697
37.1
N/A N/A
KR
Krafton Inc
KRX:259960
12.6
2%
6.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
NetEase Inc
NASDAQ:NTES
Average EV/EBITDA: 28.6
12.9
14%
0.9
SG
Sea Ltd
NYSE:SE
66.6
77%
0.9
JP
Nintendo Co Ltd
TSE:7974
39.5
34%
1.2
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -79.7 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
62.7
56%
1.1
US
Electronic Arts Inc
NASDAQ:EA
19.1
19%
1
JP
Konami Holdings Corp
TSE:9766
18.5
13%
1.4
JP
N
Nexon Co Ltd
TSE:3659
10.3
1%
10.3
JP
Capcom Co Ltd
TSE:9697
23.3
13%
1.8
KR
Krafton Inc
KRX:259960
8.7
10%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
NetEase Inc
NASDAQ:NTES
Average EV/EBIT: 29.8
13.8
16%
0.9
SG
Sea Ltd
NYSE:SE
91.4
92%
1
JP
Nintendo Co Ltd
TSE:7974
41.6
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
36%
0.8
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -61.9 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -86.6 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
23.4
23%
1
JP
Konami Holdings Corp
TSE:9766
23.7
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
11.1
N/A N/A
JP
Capcom Co Ltd
TSE:9697
24.9
N/A N/A
KR
Krafton Inc
KRX:259960
9.5
11%
0.9