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Undervalued
Morningstar Quantitative Rating as of 28 OCT 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 136.38 Fair value 168.20 One-star price 207.46
Morningstar Quantitative Rating as of 28 OCT 2026.
Morningstar Quantitative Rating as of 28 OCT 2026. The slider runs from the five-star price (136.38) to the one-star price (207.46).
| Ratios |
|---|
| Currency (Price/reporting): USD/CNY |
| Exchange Rate: 0.1499 |
| Price - closing or last bid | 112.45 |
| Price - 12 month high | 149.02 |
| Price - 12 month low | 106.11 |
| Pricing date | 27 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 0.63 |
| Market capitalization | 72,004.18 |
| 12 Month High price date | 2 JAN 2026 |
| 12 Month Low price date | 21 MAY 2026 |
| Volume - avg. trading volume for the last 3 months | 0.70 |
| Price - 1 Day % Change | -1.44% |
| Price - 13 week price percent change | -11.70% |
| Price - 26 week price percent change | 0.62% |
| Price - 5 Day % Change | -8.56% |
| Price - 52 week price percent change | -22.54% |
| Price - YTD price percent change | -19.94% |
| Price % Change Month To Date | -7.10% |
| EPS excluding extraordinary items - most recent fiscal year | 52.400 |
| EPS excluding extraordinary items - trailing 12 month | 50.350 |
| EPS Normalized - most recent fiscal year | 58.000 |
| Revenue/share - most recent fiscal year | 174.984 |
| Revenue/share - trailing 12 month | 180.773 |
| Book value per share - most recent fiscal year | 251.082 |
| Book value per share - most recent quarter | 260.977 |
| Book value (tangible) per share - most recent fiscal year | 247.883 |
| Book value (tangible) per share - most recent quarter | 261.741 |
| Cash per share - most recent fiscal year | 73.882 |
| Cash per share - most recent quarter | 35.634 |
| Cash Flow per share - most recent fiscal year | 65.283 |
| Cash Flow per share - trailing 12 month | 73.150 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 2.930 |
| EBITD per share - trailing 12 month | 60.834 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 52.950 |
| EPS Basic excluding extraordinary items - trailing 12 month | 50.850 |
| EPS including extraordinary items - most recent fiscal year | 52.950 |
| EPS including extraordinary items - trailing 12 month | 50.900 |
| Free Cash Flow per share - trailing 12 month | 70.858 |
| P/E excluding extraordinary items, most recent fiscal year | 15.63 |
| P/E Normalized, most recent fiscal year | 14.25 |
| Price to sales - most recent fiscal year | 4.35 |
| Price to Tangible Book - most fiscal year | 3.00 |
| Price to Free Cash Flow per Share - most recent fiscal year | 11.10 |
| Price to Cash Flow per share - trailing 12 month | 10.76 |
| Price to Book - most recent fiscal year | 2.93 |
| P/E excluding extraordinary items high, trailing 12 months | 19.67 |
| P/E excluding extraordinary items low, trailing 12 months | 14.99 |
| Net Debt, LFI | -162,788.66 |
| Net Debt, LFY | -155,881.04 |
| Dividend Yield - 5 Year Average | 1.78% |
| Dividend Yield - indicated annual dividend divided by closing price | 2.57% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 2.61% |
| Free Cash Flow - most recent fiscal year | 39,965.85 |
| LT debt/equity - most recent fiscal year | 0.14% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 4.08% |
| LT debt/equity - most recent quarter | 0.00% |
| Total debt/total equity - most recent quarter | 7.35% |
| Free Cash Flow - trailing 12 month | 45,705.13 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 112,625.81 |
| Revenue - trailing 12 month | 116,603.43 |
| EBITD - most recent fiscal year | 39,124.41 |
| EBITD - trailing 12 month | 39,239.69 |
| Earnings before taxes - most recent fiscal year | 40,830.47 |
| Earnings before taxes - trailing 12 month | 40,724.01 |
| Net Income available to common - most recent fiscal year | 33,759.80 |
| Net Income available to common - trailing 12 months | 32,512.40 |
| Earnings before taxes Normalized - most recent fiscal year | 45,152.46 |
| Net Income Available to Common, Normalized - most recent fiscal year | 37,343.70 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 55.20 |
| Net Profit Margin % - 1st historical fiscal year | 30.90% |
| Net Profit Margin % - trailing 12 month | 28.45% |
| Operating margin - 1st historical fiscal year | 31.82% |
| Operating margin - trailing 12 month | 35.23% |
| Pretax margin - trailing 12 month | 34.93% |
| Pretax margin - 1st historical fiscal year | 36.25% |
| Operating Margin - 5 year average | 25.16% |
| Pretax Margin - 5 year average | 30.46% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 28.75% |
| Free Operating Cash Flow/Revenue, TTM | 39.20% |
| Net Profit Margin - 5 year average | 25.46% |
| Return on average assets - most recent fiscal year | 16.71% |
| Return on average assets - trailing 12 month | 14.97% |
| Return on average equity - most recent fiscal year | 23.24% |
| Return on average equity - trailing 12 month | 20.79% |
| Return on average assets - 5 year average | 14.62% |
| Return on average equity - 5 year average | 22.20% |
| Net Income/employee - most recent fiscal year | 1,370,963.04 |
| Revenue/employee - most recent fiscal year | 4,437,231.38 |
| Revenue growth rate, 5 year | 8.86% |
| EPS growth rate, 5 year | 23.83% |
| Growth rate% - dividend, 3 year | 28.78% |
| Revenue/share (5 yr growth) | 9.74% |
| Growth rate% - Revenue, 3 year | 5.29% |
| Growth rate% - EPS, 3 year | 19.31% |
| Book value per share growth rate, 5 year | 15.42% |
| Capital Spending growth rate, 5 year | -9.01% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 17.82% |
Financial forecast (CNY, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | 2029 | ||||
| Estimate breakdown | ||||||||
Financials (CNY, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
Announcements are available for ASX-listed companies only.
Tech giant NTES is a leading Chinese content and commerce company to name a few strings to its bow, the company reported strongly in the 3rd quarter last year and yet again its all-around regulatory concerns from Beijing. We like the stock believing it’s cheap trading around 20x Est earnings for 2022, similar to previous names we like NSET leaving room to average into another dip under $US90 & $US80.
MM is bullish NTES around $US95
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
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