Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
NTES
HOLDFLAGNetEase, Inc. · Communication Services · China · $79.5B · Avg Vol: $132M/d
NetEase is an outstanding gaming business with a massive IP moat, high ROIC (81), and strong cash generation. However, it does not align with our 18-month macro themes, and regulatory uncertainties in the Chinese gaming sector warrant a cautious, flagged stance.
COMPANY DESCRIPTION
NetEase, Inc. is a prominent Chinese internet technology company, primarily known for its extensive portfolio of online games across PC and mobile platforms, alongside ventures in online music, e-commerce, and education. The company's competitive moat is built on strong in-house game development capabilities, valuable intellectual property, and a vast, deeply engaged user base in China. NetEase is a key innovator and major player in the global online gaming industry.
FINANCIAL SUMMARY
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | 87.6B | 96.5B | 103.5B | 105.3B | — | 6.3% |
| EPS | — | 31.15 | 45.75 | 46.40 | 52.95 | 19.3% |
| Shares | — | 3.4B | 3.3B | 3.3B | 3.2B | -6.8% |
| Debt | — | 21.7B | 28.5B | 20.5B | 12.8B | -16.1% |
| Equity | — | 95.3B | 104.7B | 124.3B | 138.7B | 13.3% |
| Op CF | — | 24.9B | 27.7B | 35.3B | 39.7B | 16.8% |
| Inv CF | — | -7.1B | -7.4B | -17.0B | 17.9B | — |
| Fin CF | — | -12.6B | -10.2B | -21.5B | -27.3B | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of NTES are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| NTES | NetEase, Inc.(you) | $79.5B | 62 | HOLD |
| EA | Electronic Arts Inc. | $50.4B | 75 | BUY |
| 3659.T | NEXON Co., Ltd. | $11.1B | 63 | HOLD |
| 002602.SZ | Zhejiang Century Huatong Group Co.,Ltd | $15.9B | 71 | BUY |
| 9766.T | Konami Group Corporation | $16.1B | 52 | HOLD |
| 7974.T | Nintendo Co., Ltd. | $51.7B | 21 | SELL |
| 002558.SZ | Giant Network Group Co., Ltd. | $7.3B | 58 | HOLD |
| 259960.KS | KRAFTON, Inc. | $7.7B | 68 | BUY |
| TTWO.MX | Take-Two Interactive Software, Inc. | $41.7B | 20 | SELL |
| 002517.SZ | Kingnet Network Co., Ltd. | $5.1B | 66 | BUY |
Peer medians: ROE 7.1% · P/E 17.3x · Gross margin 45.6%