XHKG9999
Market cap57bUSD
Dec 20, Last price
142.90HKD
1D
-0.63%
1Q
15.15%
Name
NetEase
Chart & Performance
Profile
NetEase, Inc. provides online services focusing on diverse content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Game Services, Youdao, Cloud Music, and Innovative Businesses and Others. It develops and operates PC and mobile games, as well as offers games licensed from other game developers. The company's products and services include Youdao Dictionary, an online knowledge tool; Youdao Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids' Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Listening Pod, Youdao Smart Lamp, Youdao Pocket Translator, and Youdao Super Dictionary; online courses; interactive learning apps; enterprise services, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing and provides learning diagnosis through artificial intelligence technology at schools; and Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands and manufacturers to access advanced optical character recognition capabilities and neural machine translation engine. Its products and services also include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products, including consumer electronics, food, apparel, homeware, kitchenware, and other general merchandise; NetEase Media, an internet media platform; NetEase Mail, an email service; NetEase CC Live streaming, a live streaming platform with a focus on game broadcasting; and NetEase Pay, a payment platform. The company was formerly known as NetEase.com, Inc. and changed its name to NetEase, Inc. in March 2012. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 103,468,159 7.23% | 96,495,809 10.15% | 87,606,026 18.92% | |||||||
Cost of revenue | 75,759,015 | 76,867,216 | 71,188,956 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 27,709,144 | 19,628,593 | 16,417,070 | |||||||
NOPBT Margin | 26.78% | 20.34% | 18.74% | |||||||
Operating Taxes | 4,699,704 | 5,031,838 | 4,128,269 | |||||||
Tax Rate | 16.96% | 25.64% | 25.15% | |||||||
NOPAT | 23,009,440 | 14,596,755 | 12,288,801 | |||||||
Net income | 29,416,552 44.64% | 20,337,600 20.65% | 16,856,842 39.74% | |||||||
Dividends | (8,013,903) | (6,723,667) | (3,508,377) | |||||||
Dividend yield | 8.76% | 8.72% | 3.31% | |||||||
Proceeds from repurchase of equity | (5,234,294) | (8,328,124) | (8,918,954) | |||||||
BB yield | 5.72% | 10.80% | 8.41% | |||||||
Debt | ||||||||||
Debt current | 19,499,656 | 23,875,704 | 19,352,313 | |||||||
Long-term debt | 1,799,148 | 4,586,657 | 2,341,666 | |||||||
Deferred revenue | 145,238 | |||||||||
Other long-term liabilities | 3,014,587 | 1,277,574 | 1,097,708 | |||||||
Net debt | (128,255,376) | (91,970,831) | (81,664,412) | |||||||
Cash flow | ||||||||||
Cash from operating activities | 35,331,275 | 27,709,233 | 24,926,727 | |||||||
CAPEX | (4,275,877) | (2,643,484) | (3,110,009) | |||||||
Cash from investing activities | (17,043,431) | (7,369,727) | (7,078,294) | |||||||
Cash from financing activities | (21,467,054) | (10,237,699) | (12,585,569) | |||||||
FCF | 20,527,451 | 13,688,283 | 11,410,349 | |||||||
Balance | ||||||||||
Cash | 126,720,993 | 117,459,352 | 97,534,551 | |||||||
Long term investments | 22,833,187 | 2,973,840 | 5,823,840 | |||||||
Excess cash | 144,380,772 | 115,608,402 | 98,978,090 | |||||||
Stockholders' equity | 118,173,794 | 95,651,334 | 81,864,887 | |||||||
Invested Capital | 33,408,356 | 39,217,292 | 34,747,100 | |||||||
ROIC | 63.36% | 39.47% | 31.20% | |||||||
ROCE | 18.28% | 14.33% | 13.92% | |||||||
EV | ||||||||||
Common stock shares outstanding | 650,406 | 673,496 | 673,496 | |||||||
Price | 140.60 22.79% | 114.50 -27.30% | 157.50 7.95% | |||||||
Market cap | 91,447,055 18.58% | 77,115,246 -27.30% | 106,075,557 8.52% | |||||||
EV | (33,010,016) | (10,713,422) | 28,361,703 | |||||||
EBITDA | 30,764,404 | 22,486,802 | 19,692,797 | |||||||
EV/EBITDA | 1.44 | |||||||||
Interest | 2,149,673 | |||||||||
Interest/NOPBT | 10.95% |