NetEase, Inc. NTES
Computer Software: Prepackaged Software · data as of November 13, 2026
NetEase, Inc. (NTES) is a technology company listed in the US with a market value of about $78.0B. In the twelve months to June 30, 2026 it had revenue of $17.5B and net income of $4.9B, a net margin of 27.9%.
Its overall Stock Analiz score is 4.4 out of 5 (excellent). The strongest part is value (5/5); the weakest is future growth (4/5).
Key numbers: a P/E of 17.0, a price to free cash flow of 10.4, 5-year revenue growth of 7% a year, a 5-year average ROIC of 17%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 26% above the current price.
Score: 4.4 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
Checks not passed
- 3-year revenue growth above 10% a year
- 5-year revenue growth above 8% a year
- Share count down over 3 years (buybacks)
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.5B | $16.1B | $14.4B | $14.6B | $14.0B | $13.7B | $11.3B | $8.5B | $9.8B | $8.3B | $5.5B |
| Net income | $4.9B | $4.8B | $4.1B | $4.1B | $2.9B | $2.6B | $1.8B | $3.1B | $895M | $1.6B | $1.7B |
| Free cash flow | $7.5B | $7.1B | $5.3B | $4.7B | $3.7B | $3.7B | $3.7B | $2.3B | $1.6B | $1.5B | $2.1B |
| EPS (diluted) | $7.55 | $7.57 | $6.38 | $6.49 | $4.62 | $4.15 | $2.90 | $4.78 | $1.40 | $2.58 | $2.62 |
| Net margin | 27.9% | 30.0% | 28.2% | 28.4% | 21.1% | 19.2% | 16.4% | 35.9% | 9.2% | 19.8% | 30.4% |
| ROIC | — | 19.0% | 17.9% | 19.0% | 14.2% | 13.5% | 14.1% | 18.3% | 12.6% | 22.2% | 28.1% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
Frequently asked questions
What is NetEase’s P/E ratio?
About 17.0, based on the last twelve months of diluted earnings per share (forward P/E about 11.4).
Is NetEase stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 26% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does NetEase pay a dividend?
Yes. The dividend yield is about 2.40%, and it has paid dividends for 10 years in our data.
Is NetEase a good stock to buy?
We do not give buy or sell advice. NetEase scores 4.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.