investorscraft@gmail.com

Intrinsic value of NetEase, Inc. (NTES)

Previous Close$88.98
Intrinsic Value
Upside potential
Previous Close
$88.98

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh269.48 

The original valuation is based on fiscal year data as of 2021-12-31 and quarterly data as of 2021-12-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

NetEase, Inc., an Internet technology company, provides online services focusing on content, community, communication, and commerce in the Peoples' Republic of China and internationally. The company operates in three segments: Online Games Services, Youdao, and Innovative Businesses and Others. It develops and operates PC-client 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 Cloudnote, a notetaking tool; smart devices, such as Youdao Smart Pen, Youdao Dictionary Pen, and Youdao Pocket Translator; online courses; interactive learning apps; and enterprise services, such as Youdao Smart Cloud, a cloud-based platform that helps third-party app developers, smart device brands, and manufacturers to access its advanced optical character recognition capability 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 service; NetEase Mail, an email service; 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.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2021(a)2022202320242025202620272028202920302031203220332034203520362037203820392040204120422043204420452046

INCOME STATEMENT

Revenue growth rate, %26.7NaN
Revenue, $13536NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m10960NaN
Operating income, $m2576NaN
EBITDA, $m3082NaN
Interest expense (income), $mNaN
Earnings before tax, $m3242NaN
Tax expense, $m638NaN
Net income, $m2605NaN

BALANCE SHEET

Cash and short-term investments, $m15747NaN
Total assets, $m24096NaN
Adjusted assets (=assets-cash), $m8348NaN
Average production assets, $m1507NaN
Working capital, $m9820NaN
Total debt, $m3402NaN
Total liabilities, $m9146NaN
Total equity, $m14950NaN
Debt-to-equity ratio0.228NaN
Adjusted equity ratio0.274NaN

CASH FLOW

Net income, $m2605NaN
Depreciation, amort., depletion, $m506NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m3852NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-240NaN
Free cash flow, $m4092NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m9820
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
HomeMenuAccount