NetEase Inc
NASDAQ:NTES

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NetEase Inc Logo
NetEase Inc
NASDAQ:NTES
Watchlist
Price: 126.25 USD -1.85%
Market Cap: 81.4B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

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

5.4
P/S
P/S
Price to Sales
5.4
vs History
11
vs Industry
18
Median 3Y
4.1
Median 5Y
4.5
Industry
1.5
Forward
5
More Details
18
P/E
P/E
Price to Earnings
18
vs History
44
vs Industry
26
Median 3Y
16.2
Median 5Y
17.1
Industry
17.7
Forward
16
More Details
13.8
P/OCF
P/OCF
Price to OCF
13.8
vs History
52
vs Industry
29
Median 3Y
12.5
Median 5Y
14.3
Industry
11.1
More Details
24.4
P/FCFE
P/FCFE
Price to FCFE
24.4
vs History
9
vs Industry
24
Median 3Y
14.5
Median 5Y
15.2
Industry
15.5
More Details
4.1
P/B
P/B
Price to Book Value
4.1
vs History
31
vs Industry
20
Median 3Y
3.5
Median 5Y
3.8
Industry
1.8
More Details
4.2
EV/S
EV/S
Enterprise Value to Sales
4.2
vs History
17
vs Industry
23
Median 3Y
3.2
Median 5Y
3.5
Industry
1.6
Forward
3.9
More Details
6.7
EV/GP
EV/GP
Enterprise Value to Gross Profit
6.7
vs History
30
vs Industry
28
Median 3Y
5.3
Median 5Y
6
Industry
3.4
More Details
12.9
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
12.9
vs History
50
vs Industry
26
Median 3Y
11.3
Median 5Y
13.4
Industry
8.7
Forward
11
More Details
13.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
13.8
vs History
55
vs Industry
28
Median 3Y
12.6
Median 5Y
15.5
Industry
12.4
Forward
11.6
More Details
10.7
EV/OCF
EV/OCF
Enterprise Value to OCF
10.7
vs History
53
vs Industry
35
Median 3Y
9.2
Median 5Y
11.3
Industry
10.8
More Details
11.2
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
11.2
vs History
57
vs Industry
33
Median 3Y
10.2
Median 5Y
12.7
Industry
13.4
More Details
7.5
EV/IC
EV/IC
Enterprise Value to IC
7.5
vs History
1
vs Industry
10
Median 3Y
5.4
Median 5Y
5.9
Industry
1.4
More Details

Multiples Across Competitors

NTES Competitors Multiples
NetEase Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
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

See Also

Summary
NTES intrinsic value, competitors valuation, and company profile.
DCF Valuation
NTES stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NTES stock valuation using valuation multiples.
Wall Street Estimates
NTES price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NTES stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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