NTES Chart
About

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; NetEase Cloud Music; and Innovative Businesses and Others segments. It develops and operates mobile and PC games; and offers games licensed from other developers. The company also provides live streaming service, and other related or ancillary value-added services related to games, such as the sale of game-themed merchandise. In addition, it offers digital content services with interactive learning features, including Youdao Lingshi and Youdao Literature; STEAM courses consisting computer coding courses and other STEAM courses; and adult courses, such as China University massive open online course. Further, the company provides Youdao Dictionary, an online language tool; Confucius, a large language model for the education sector; Hi Echo, an AI-driven virtual English-speaking tutor; Mr. P AI Tutor, a conversation-based tool; Youdao Desktop Translation, a desktop dictionary tool; U-Dictionary, an online dictionary and translation app; iRecord, an audio transcription tool; LectMate, an interpretation software for study-abroad lecture scenarios; iArch, an AI home design software; Baby Genius, an AI baby generator; and One Translate Translator, a translation tool for travelers. It also offers online marketing services consisting of performance-based advertising services, and global marketing and promotion services through banners, text links, videos, logos, buttons, and rich media. Additionally, the company develops and offers smart devices, including Youdao Dictionary Pen, Youdao Listening Pod, and Youdao Smart Learning Pad. 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.

Fundamentals
Scroll to Statements
Sector Communication Services Industry Electronic Gaming & Mult Market Cap 75.74B
Enterprise Value 224.23B Income 33.76B Sales 112.63B
Book/sh 7.28 Cash/sh 50.95 Dividend Yield 253.00%
Payout 41.70% Employees IPO
P/E 15.49 Forward P/E 11.63 PEG
P/S 0.67 P/B 16.17 P/C
EV/EBITDA 5.89 EV/Sales 1.99 Quick Ratio 3.21
Current Ratio 3.45 Debt/Eq 3.87 LT Debt/Eq
EPS (ttm) 7.60 EPS next Y 10.13 EPS Growth -29.40%
Revenue Growth 3.00% Earnings 2026-05-14 ROA 10.73%
ROE 22.62% ROIC Gross Margin 64.29%
Oper. Margin 30.20% Profit Margin 29.98% Shs Outstand 633.20M
Shs Float 1.71B Short Float 0.67% Short Ratio 2.54
Short Interest 52W High 159.55 52W Low 88.54
Beta 0.86 Avg Volume 771.96K Volume 994.72K
Target Price $163.43 Recom Strong_buy Prev Close $117.69
Price $117.75 Change 0.05%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$163.43
Mean price target
2. Current target
$117.75
Latest analyst target
3. DCF / Fair value
$895.55
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$117.75
Low
$132.69
High
$200.59
Mean
$163.43

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-12 main Barclays Equal-Weight → Equal-Weight $132
2025-11-21 main Barclays Equal-Weight → Equal-Weight $135
2025-11-21 main Benchmark Buy → Buy $158
2025-10-10 up JP Morgan Neutral → Overweight $190
2025-08-18 main Barclays Equal-Weight → Equal-Weight $120
2025-07-28 down JP Morgan Overweight → Neutral $140
2025-05-19 main JP Morgan Overweight → Overweight $135
2025-05-16 main Barclays Equal-Weight → Equal-Weight $118
2025-02-24 main Barclays Equal-Weight → Equal-Weight $104
2025-02-21 main Benchmark Buy → Buy $115
2025-02-12 main Morgan Stanley Overweight → Overweight $117
2025-01-15 main B of A Securities Buy → Buy $122
2025-01-08 up Morgan Stanley Equal-Weight → Overweight $108
2024-11-15 main Citigroup Buy → Buy $115
2024-11-15 main Benchmark Buy → Buy $105
2024-08-26 main Barclays Equal-Weight → Equal-Weight $82
2024-08-23 main B of A Securities Buy → Buy $120
2024-08-22 main Jefferies Buy → Buy $103
2024-07-05 main Morgan Stanley Equal-Weight → Equal-Weight $100
2024-06-27 main Morgan Stanley Equal-Weight → Equal-Weight $100
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems93.44M161.97M336.41M481.62M
TaxRateForCalcs0.150.140.210.20
NormalizedEBITDA31.39B29.59B20.86B17.24B
TotalUnusualItems610.72M1.17B1.63B2.46B
TotalUnusualItemsExcludingGoodwill610.72M1.17B1.63B2.46B
NetIncomeFromContinuingOperationNetMinorityInterest29.70B29.42B19.71B16.86B
ReconciledDepreciation2.42B3.06B2.86B3.28B
ReconciledCostOfRevenue39.49B40.40B43.73B40.64B
EBITDA32.00B30.76B22.49B19.69B
EBIT29.58B27.71B19.63B16.42B
NetInterestIncome4.92B4.12B2.15B1.52B
InterestIncome4.92B4.12B2.15B1.52B
NormalizedIncome29.18B28.40B18.42B14.88B
NetIncomeFromContinuingAndDiscontinuedOperation29.70B29.42B20.34B16.86B
TotalExpenses75.71B75.76B76.87B71.19B
TotalOperatingIncomeAsReported29.58B27.71B19.63B16.42B
DilutedAverageShares643.63M646.12M650.41M659.20M
BasicAverageShares637.29M640.09M643.29M652.69M
DilutedEPS52.4045.9545.2530.85
BasicEPS52.9546.4045.7531.15
DilutedNIAvailtoComStockholders29.70B29.42B20.34B16.86B
NetIncomeCommonStockholders29.70B29.42B20.34B16.86B
NetIncome29.70B29.42B20.34B16.86B
MinorityInterests-558.74M59.33M494.31M-119.35M
NetIncomeIncludingNoncontrollingInterests30.26B29.36B19.84B16.98B
NetIncomeDiscontinuousOperations0.000.00624.86M0.00
NetIncomeContinuousOperations30.26B29.36B19.22B16.98B
TaxProvision5.46B4.70B5.03B4.13B
PretaxIncome35.72B34.06B24.25B21.10B
OtherIncomeExpense1.21B2.23B2.47B3.17B
OtherNonOperatingIncomeExpenses602.13M1.05B846.82M710.43M
GainOnSaleOfSecurity610.72M1.17B1.63B2.46B
NetNonOperatingInterestIncomeExpense4.92B4.12B2.15B1.52B
InterestIncomeNonOperating4.92B4.12B2.15B1.52B
OperatingIncome29.58B27.71B19.63B16.42B
OperatingExpense36.22B35.35B33.14B30.55B
ResearchAndDevelopment17.52B16.48B15.04B14.08B
SellingGeneralAndAdministration18.70B18.87B18.10B16.48B
SellingAndMarketingExpense14.15B13.97B13.40B12.21B
GeneralAndAdministrativeExpense4.55B4.90B4.70B4.26B
OtherGandA4.55B4.90B4.70B4.26B
GrossProfit65.81B63.06B52.77B46.97B
CostOfRevenue39.49B40.40B43.73B40.64B
TotalRevenue105.30B103.47B96.50B87.61B
OperatingRevenue105.30B103.47B96.50B87.61B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber43.32M110.49M97.65M172.48M
OrdinarySharesNumber3.17B3.21B3.22B3.27B
ShareIssued3.21B3.32B3.32B3.45B
NetDebt2.64B6.13B
TotalDebt12.82B20.48B28.46B21.69B
TangibleBookValue131.24B116.47B96.33B88.01B
InvestedCapital150.92B143.95B132.26B115.96B
WorkingCapital103.66B88.85B74.77B62.62B
NetTangibleAssets131.24B116.47B96.33B88.01B
CapitalLeaseObligations584.21M815.32M931.69M1.07B
CommonStockEquity138.69B124.29B104.73B95.33B
TotalCapitalization139.11B124.71B108.39B96.60B
TotalEquityGrossMinorityInterest142.49B128.08B108.87B99.42B
MinorityInterest3.81B3.80B4.14B4.10B
StockholdersEquity138.69B124.29B104.73B95.33B
GainsLossesNotAffectingRetainedEarnings2.96B2.16B1.71B417.06M
OtherEquityAdjustments2.96B2.16B1.71B417.06M
TreasuryStock4.47B12.69B10.91B20.50B
RetainedEarnings130.33B112.21B91.07B77.49B
AdditionalPaidInCapital9.86B22.60B22.85B37.92B
CapitalStock2.63M2.71M2.71M2.79M
CommonStock2.63M2.71M2.71M2.79M
TotalLiabilitiesNetMinorityInterest53.50B57.84B63.89B54.22B
TotalNonCurrentLiabilitiesNetMinorityInterest3.83B4.00B7.06B3.72B
OtherNonCurrentLiabilities816.04M715.28M604.93M365.58M
NonCurrentDeferredLiabilities2.17B2.30B2.13B1.35B
NonCurrentDeferredTaxesLiabilities2.17B2.30B2.13B1.35B
LongTermDebtAndCapitalLeaseObligation840.60M983.83M4.33B2.01B
LongTermCapitalLeaseObligation412.60M555.83M672.64M732.13M
LongTermDebt428.00M428.00M3.65B1.28B
CurrentLiabilities49.67B53.84B56.83B50.50B
CurrentDeferredLiabilities19.64B16.99B15.81B14.70B
CurrentDeferredRevenue19.64B16.99B15.81B14.70B
CurrentDebtAndCapitalLeaseObligation11.98B19.50B24.13B19.69B
CurrentCapitalLeaseObligation171.61M259.49M259.05M334.40M
CurrentDebt11.81B19.24B23.88B19.35B
LineOfCredit11.81B19.24B23.88B19.35B
PayablesAndAccruedExpenses18.05B17.36B16.88B16.12B
CurrentAccruedExpenses8.87B8.02B7.19B5.76B
Payables9.18B9.34B9.69B10.36B
OtherPayable5.70B5.88B5.37B4.84B
TotalTaxPayable2.76B2.57B2.81B4.54B
IncomeTaxPayable1.74B1.79B2.12B3.46B
AccountsPayable720.55M881.02M1.51B985.06M
TotalAssets195.99B185.92B172.76B153.64B
TotalNonCurrentAssets42.67B43.23B41.16B40.52B
OtherNonCurrentAssets416.67M447.30M570.00M435.53M
NonCurrentPrepaidAssets143.00M179.40M174.36M150.67M
NonCurrentDeferredAssets1.11B1.56B1.48B1.30B
NonCurrentDeferredTaxesAssets1.11B1.56B1.48B1.30B
NonCurrentNoteReceivables17.05M34.69M39.23M55.27M
NonCurrentAccountsReceivable1.24B1.54B1.74B156.96M
InvestmentsAndAdvances23.23B22.83B21.52B24.63B
OtherInvestments319.89M545.16M246.07M194.28M
InvestmentinFinancialAssets16.51B16.18B16.03B20.66B
HeldToMaturitySecurities54.38M28.47M144.49M
AvailableForSaleSecurities16.51B16.18B16.00B20.51B
LongTermEquityInvestment6.41B6.11B5.24B3.78B
GoodwillAndOtherIntangibleAssets7.44B7.82B8.41B7.32B
OtherIntangibleAssets5.59B5.96B6.24B6.73B
Goodwill1.86B1.86B2.17B595.28M
NetPPE9.06B8.82B7.23B6.48B
AccumulatedDepreciation-7.35B-7.10B-6.27B-5.28B
GrossPPE16.41B15.93B13.50B11.76B
Leases197.23M311.16M304.37M287.51M
ConstructionInProgress1.70B3.68B1.59B653.24M
MachineryFurnitureEquipment7.09B7.13B6.85B6.09B
BuildingsAndImprovements7.43B4.81B4.76B4.72B
Properties0.000.000.000.00
CurrentAssets153.32B142.69B131.60B113.12B
OtherCurrentAssets144.07M132.27M155.17M126.39M
AssetsHeldForSaleCurrent0.00497.00K
RestrictedCash3.09B2.78B2.70B2.88B
PrepaidAssets3.80B3.13B3.88B4.55B
Inventory571.55M695.37M993.64M964.73M
Receivables8.15B9.23B6.42B7.06B
OtherReceivables529.05M512.37M38.37M837.15M
AccruedInterestReceivable1.93B2.27B1.37B676.71M
LoansReceivable13.20M27.37M43.31M41.84M
AccountsReceivable5.67B6.42B5.00B5.51B
CashCashEquivalentsAndShortTermInvestments137.58B126.72B117.46B97.53B
OtherShortTermInvestments86.20B105.29B92.57B83.04B
CashAndCashEquivalents51.38B21.43B24.89B14.50B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow37.47B31.06B25.07B21.82B
RepurchaseOfCapitalStock-8.83B-5.23B-8.33B-12.92B
RepaymentOfDebt-14.74B-8.22B-273.64M-2.30B
IssuanceOfDebt13.92B13.57B6.39B4.45B
CapitalExpenditure-2.21B-4.28B-2.64B-3.11B
InterestPaidSupplementalData489.62M779.87M588.38M187.63M
IncomeTaxPaidSupplementalData5.19B4.90B5.09B3.55B
EndCashPosition54.47B24.21B27.59B17.38B
BeginningCashPosition24.21B27.59B17.38B12.17B
EffectOfExchangeRateChanges10.75M-202.46M110.40M-55.35M
ChangesInCash30.26B-3.18B10.10B5.26B
FinancingCashFlow-27.34B-21.47B-10.24B-12.59B
CashFlowFromContinuingFinancingActivities-27.34B-21.47B-10.24B-12.59B
NetOtherFinancingCharges136.01M86.16M-30.92M2.14B
CashDividendsPaid-11.17B-8.01B-6.72B-3.51B
CommonStockDividendPaid-11.17B-8.01B-6.72B-3.51B
NetCommonStockIssuance-8.83B-5.23B-8.33B-12.92B
CommonStockPayments-8.83B-5.23B-8.33B-12.92B
NetIssuancePaymentsOfDebt-7.48B-8.31B4.85B1.71B
NetShortTermDebtIssuance-6.66B-13.65B-1.27B-442.21M
ShortTermDebtPayments-1.27B-2.74B
ShortTermDebtIssuance4.45B
NetLongTermDebtIssuance-819.27M5.35B6.12B2.15B
LongTermDebtPayments-14.74B-8.22B-273.64M-2.30B
LongTermDebtIssuance13.92B13.57B6.39B4.45B
InvestingCashFlow17.92B-17.04B-7.37B-7.08B
CashFromDiscontinuedInvestingActivities0.00
CashFlowFromContinuingInvestingActivities17.92B-17.04B-7.37B-7.08B
NetOtherInvestingChanges-406.63M-423.93M-323.78M-268.65M
NetInvestmentPurchaseAndSale18.21B-12.06B-6.15B-3.76B
SaleOfInvestment182.23B116.80B103.20B98.24B
PurchaseOfInvestment-164.03B-128.86B-109.35B-102.00B
NetBusinessPurchaseAndSale2.31B-291.99M1.71B-8.97M
SaleOfBusiness2.82B152.56M2.41B1.12B
PurchaseOfBusiness-513.40M-444.56M-705.91M-1.12B
NetIntangiblesPurchaseAndSale-930.99M-1.97B-543.22M-1.51B
PurchaseOfIntangibles-930.99M-1.97B-543.22M-1.51B
NetPPEPurchaseAndSale-1.26B-2.29B-2.06B-1.53B
SaleOfPPE14.53M10.30M41.47M71.52M
PurchaseOfPPE-1.28B-2.30B-2.10B-1.60B
OperatingCashFlow39.68B35.33B27.71B24.93B
CashFromDiscontinuedOperatingActivities0.00
CashFlowFromContinuingOperatingActivities39.68B35.33B27.71B24.93B
ChangeInWorkingCapital3.65B375.88M3.50B3.19B
ChangeInOtherWorkingCapital2.02B1.16B385.40M1.35B
ChangeInPayablesAndAccruedExpense1.60B300.08M1.85B2.73B
ChangeInAccruedExpense1.53B1.17B1.90B2.12B
ChangeInPayable68.01M-866.60M-45.44M605.13M
ChangeInAccountPayable91.14M-559.42M447.67M-155.26M
ChangeInTaxPayable187.79M-244.26M-917.61M255.06M
ChangeInIncomeTaxPayable187.79M-244.26M-917.61M255.06M
ChangeInPrepaidAssets-809.59M87.56M731.10M640.35M
ChangeInInventory123.78M296.76M-27.61M-343.59M
ChangeInReceivables716.38M-1.47B554.34M-1.19B
ChangesInAccountReceivables716.38M-1.47B554.34M-1.19B
StockBasedCompensation3.88B3.24B3.17B3.04B
UnrealizedGainLossOnInvestmentSecurities-1.37B-949.52M2.76B-1.11B
ProvisionandWriteOffofAssets68.93M61.15M61.39M265.93M
AssetImpairmentCharge1.29B469.16M300.25M100.42M
DeferredTax320.73M131.44M489.67M407.95M
DeferredIncomeTax320.73M131.44M489.67M407.95M
DepreciationAmortizationDepletion2.42B3.06B2.86B3.28B
DepreciationAndAmortization2.42B3.06B2.86B3.28B
OperatingGainsLosses-840.77M-412.12M-4.65B-1.22B
EarningsLossesFromEquityInvestments155.57M-473.95M-1.26B-1.57B
GainLossOnInvestmentSecurities-272.42M-63.78M-1.79B-186.92M
NetForeignCurrencyExchangeGainLoss-719.16M119.94M-1.60B488.60M
GainLossOnSaleOfPPE-4.76M5.68M3.62M54.05M
NetIncomeFromContinuingOperations30.26B29.36B19.22B16.98B
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Public Trades for NTES
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status