Added to YB: 2025-06-25
Pitch date: 2025-06-23
NTES [neutral]
NetEase, Inc.
+6.79%
current return
Author Info
Company Info
NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.
Market Cap
HKD 591.8B
Pitch Price
HKD 204.51
Price Target
135.02 (-38%)
Dividend
1.97%
EV/EBITDA
12.03
P/E
16.55
EV/Sales
4.07
Sector
Entertainment
Category
growth
Netease-NTES
NTES (slightly undervalued): Chinese gaming/internet giant with strong portfolio including hit titles and int'l partnerships. Diversified into e-commerce, music streaming (400M users), and ed-tech. P/E 19x, FCF yield 5%. Bull: R&D focus, user engagement. Bear: Chinese regulations, Tencent competition, gaming dependence. Fair value $135 vs $128.63 current.
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