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NetEase, Inc. NTES

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Price alert · NTES

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126.56 USD +5.30 (+4.37%)

At closeNov 5, 2026, 4:40 PM EST

126.50 -0.06 -0.05%

After hours · Nov 5, 4:40 PM ET

124.87 Day range 128.85
106.06 52-week range 149.11
YTD
-8.04%
1 year
-9.02%

Financial health

Altman Z-Score

7.87 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

6 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

A+4 / 5 overall

  • DCF 5
  • Return on Equity 4
  • Return on Assets 5
  • Debt / Equity 4
  • P/E 3
  • P/B 3

Valuation

P/E 18.2×
FY 2016: 16.9×FY 2017: 27.6×FY 2018: 25.3×FY 2019: 20.7×FY 2020: 34.2×FY 2021: 25.5×FY 2022: 16.1×FY 2023: 14.5×FY 2024: 14.2×FY 2025: 18.2×
FY 2016 5y median 16.1× FY 2025
P/S 5.5×
FY 2016: 5.1×FY 2017: 6.6×FY 2018: 4.1×FY 2019: 4.6×FY 2020: 5.6×FY 2021: 4.9×FY 2022: 3.4×FY 2023: 4.2×FY 2024: 4.0×FY 2025: 5.5×
FY 2016 5y median 4.2× FY 2025
P/B 3.8×
FY 2016: 5.1×FY 2017: 6.5×FY 2018: 4.6×FY 2019: 4.5×FY 2020: 5.0×FY 2021: 4.5×FY 2022: 3.1×FY 2023: 3.5×FY 2024: 3.0×FY 2025: 3.8×
FY 2016 5y median 3.5× FY 2025
P/FCF 12.7×
FY 2016: 13.7×FY 2017: 29.4×FY 2018: 32.1×FY 2019: 19.8×FY 2020: 19.1×FY 2021: 19.7×FY 2022: 13.0×FY 2023: 13.8×FY 2024: 11.2×FY 2025: 12.7×
FY 2016 5y median 13.0× FY 2025
EV/EBITDA 13.2×
FY 2016: 15.0×FY 2017: 21.7×FY 2018: 18.1×FY 2019: 17.6×FY 2020: 23.6×FY 2021: 17.9×FY 2022: 12.2×FY 2023: 11.6×FY 2024: 10.0×FY 2025: 13.2×
FY 2016 5y median 12.2× FY 2025
EV/Sales 5.1×
FY 2016: 5.1×FY 2017: 6.7×FY 2018: 4.3×FY 2019: 4.9×FY 2020: 5.8×FY 2021: 5.0×FY 2022: 3.4×FY 2023: 4.1×FY 2024: 3.6×FY 2025: 5.1×
FY 2016 5y median 4.1× FY 2025
FCF Yield 7.9%
FY 2016: 7.3%FY 2017: 3.4%FY 2018: 3.1%FY 2019: 5.1%FY 2020: 5.2%FY 2021: 5.1%FY 2022: 7.7%FY 2023: 7.2%FY 2024: 8.9%FY 2025: 7.9%
FY 2016 5y median 7.7% FY 2025

Profitability

Gross Margin 64.3%
FY 2016: 56.7%FY 2017: 58.3%FY 2018: 55.5%FY 2019: 53.3%FY 2020: 52.9%FY 2021: 53.6%FY 2022: 54.7%FY 2023: 60.9%FY 2024: 62.5%FY 2025: 64.3%
FY 2016 5y median 60.9% FY 2025
Operating Margin 31.8%
FY 2016: 33.1%FY 2017: 29.2%FY 2018: 19.5%FY 2019: 23.3%FY 2020: 19.7%FY 2021: 18.7%FY 2022: 20.3%FY 2023: 26.8%FY 2024: 28.1%FY 2025: 31.8%
FY 2016 5y median 26.8% FY 2025
Net Margin 30.0%
FY 2016: 30.4%FY 2017: 24.1%FY 2018: 12.0%FY 2019: 35.8%FY 2020: 16.4%FY 2021: 19.2%FY 2022: 21.1%FY 2023: 28.4%FY 2024: 28.2%FY 2025: 30.0%
FY 2016 5y median 28.2% FY 2025
ROE 21.0%
FY 2016: 30.4%FY 2017: 23.4%FY 2018: 13.6%FY 2019: 34.6%FY 2020: 14.7%FY 2021: 17.7%FY 2022: 19.4%FY 2023: 23.7%FY 2024: 21.4%FY 2025: 21.0%
FY 2016 5y median 21.0% FY 2025
ROIC 17.4%
FY 2016: 25.4%FY 2017: 20.3%FY 2018: 11.8%FY 2019: 12.5%FY 2020: 10.1%FY 2021: 10.8%FY 2022: 11.1%FY 2023: 15.8%FY 2024: 15.8%FY 2025: 17.4%
FY 2016 5y median 15.8% FY 2025
ROA 15.2%
FY 2016: 20.0%FY 2017: 15.1%FY 2018: 7.1%FY 2019: 18.9%FY 2020: 8.5%FY 2021: 11.0%FY 2022: 11.8%FY 2023: 15.8%FY 2024: 15.2%FY 2025: 15.2%
FY 2016 5y median 15.2% FY 2025

Growth (YoY)

Revenue 7.0%
FY 2016: 67.4%FY 2017: 16.4%FY 2018: 15.2%FY 2019: 15.8%FY 2020: 24.4%FY 2021: 18.9%FY 2022: 10.1%FY 2023: 7.2%FY 2024: 1.8%FY 2025: 7.0%
FY 2016 FY 2025
Operating Income 21.1%
FY 2016: 73.7%FY 2017: 2.9%FY 2018: -23.2%FY 2019: 38.2%FY 2020: 5.4%FY 2021: 12.9%FY 2022: 19.6%FY 2023: 41.2%FY 2024: 6.8%FY 2025: 21.1%
FY 2016 FY 2025
EPS (diluted) 13.7%
FY 2016: 72.1%FY 2017: -8.0%FY 2018: -21.1%FY 2019: 60.0%FY 2020: -11.8%FY 2021: 39.2%FY 2022: 20.6%FY 2023: 49.8%FY 2024: 1.5%FY 2025: 13.7%
FY 2016 FY 2025
Free Cash Flow 29.0%
FY 2016: 103.6%FY 2017: -30.0%FY 2018: -35.0%FY 2019: 112.7%FY 2020: 55.5%FY 2021: 1.0%FY 2022: 14.9%FY 2023: 23.9%FY 2024: 20.7%FY 2025: 29.0%
FY 2016 FY 2025

Financial Health

Current Ratio 3.4×
FY 2016: 2.6×FY 2017: 2.6×FY 2018: 2.0×FY 2019: 2.2×FY 2020: 2.3×FY 2021: 2.2×FY 2022: 2.3×FY 2023: 2.7×FY 2024: 3.1×FY 2025: 3.4×
FY 2016 5y median 2.7× FY 2025
Quick Ratio 3.4×
FY 2016: 2.5×FY 2017: 2.4×FY 2018: 1.9×FY 2019: 2.2×FY 2020: 2.3×FY 2021: 2.2×FY 2022: 2.3×FY 2023: 2.6×FY 2024: 3.1×FY 2025: 3.4×
FY 2016 5y median 2.6× FY 2025
Debt / Equity 0.0×
FY 2016: 0.1×FY 2017: 0.1×FY 2018: 0.3×FY 2019: 0.3×FY 2020: 0.2×FY 2021: 0.2×FY 2022: 0.3×FY 2023: 0.2×FY 2024: 0.1×FY 2025: 0.0×
FY 2016 5y median 0.2× FY 2025
Net Debt / EBITDA -1.0×
FY 2016: -0.1×FY 2017: 0.3×FY 2018: 0.7×FY 2019: 0.9×FY 2020: 0.6×FY 2021: 0.3×FY 2022: 0.1×FY 2023: -0.0×FY 2024: -1.0×FY 2025: -1.0×
FY 2016 5y median -0.0× FY 2025
Interest Coverage 0.0×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.0×FY 2020: 0.0×FY 2021: 0.0×FY 2022: 0.0×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 0.0× FY 2025

Dividends

Dividend Yield 2.2%
FY 2016: 1.3%FY 2017: 1.1%FY 2018: 0.7%FY 2019: 3.2%FY 2020: 1.0%FY 2021: 0.8%FY 2022: 2.1%FY 2023: 1.9%FY 2024: 2.7%FY 2025: 2.2%
FY 2016 5y median 2.1% FY 2025
Payout Ratio 39.8%
FY 2016: 21.9%FY 2017: 30.4%FY 2018: 23.4%FY 2019: 41.6%FY 2020: 35.5%FY 2021: 20.8%FY 2022: 33.1%FY 2023: 27.2%FY 2024: 37.6%FY 2025: 39.8%
FY 2016 5y median 33.1% FY 2025

Annual · latest fiscal year ends 2025-12-31