NetEase, Inc. (NETTF) 📈: отчетность и дивиденды за 2025

Capitalization

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	LTM	5 year average	CAGR 5
Капитализация, млрд ¥							71.09	56.33	62.72	64.46
Выручка, млрд ¥	22.8	38.18	54.1	67.16	59.24	73.67	87.61	96.5	103.47	103.47
Чистая прибыль, млрд ¥	6.74	11.6	10.71	6.15	21.24	12.06	16.86	20.34	29.42	29.42
EV, млрд ¥				7.89	13.16	9.4	77.22	345.37	85.44	430.96
EBIT, млрд ¥	7.08	12.28	12.24	8.03	12.46	16.04	13.96	19.63	27.71	29.59
EBITDA, млрд ¥	7.26	12.61	13.04	10.11	15.07	19.5	17.24	22.49	30.76	29.59
Баланс стоимость, млрд ¥	29.24	38.19	45.73	45.23	61.45	82.13	95.33	104.73	124.29	124.29
FCF, млрд ¥	7.05	14.35	10.04	6.53	13.89	21.6	21.82	25.07	31.06	31.06
Операционный денежный поток, млрд ¥	8.08	15.49	11.89	13.42	17.22	24.89	24.93	27.71	35.33	35.33
Операционная прибыль, млрд ¥	7.27	12.63	12.15	7.89	13.79	14.54	16.42	19.63	27.71	27.71
Операционные расходы, млрд ¥	6.13	9.03	13.76	20.51	17.76	24.44	30.55	33.14	35.35	35.35
CAPEX, млрд ¥	1.03	1.14	1.85	6.89	3.33	3.29	3.11	2.64	4.28	4.28

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	5 quarters average	CAGR 5
Капитализация, млрд ¥	65.64	68.66	63.53	62.54	57.49	43.97	56.11	58.76	67.2	68.56
Выручка, млрд ¥				23.16	24.43	25.35	25.05	174.14	27.27	27.14	26.85	25.49	26.21
Чистая прибыль, млрд ¥				5.29	6.7	3.95	6.75	59.78	7.84	6.58	7.63	6.76	6.54
EV, млрд ¥				77.46	68.48	46.61	73.53	479.83	480.7	431.11	460.92	82.88	2 882.44
EBIT, млрд ¥				4.79	2	5.06	7.14	36.05	7.56	6.87	7.62	6.99	7.15
EBITDA, млрд ¥				5.4	2.71	5.83	8.22	36.05	8.21	7.53	8.19	7.63	7.67
Баланс стоимость, млрд ¥				100.83	105.36	104.73	108.64	828.68	119.98	124.29	127.28	130.91	132.15
FCF, млрд ¥				6.1	6.78	8.5	4.52	49.86	8.46	11.2	8.95	5.96	9.97
Операционный денежный поток, млрд ¥				6.63	7.49	9.01	6	55.69	9.84	11.81	9.56	6.53	10.58
Операционная прибыль, млрд ¥				4.95	4.74	4.43	7.22	43.97	7.56	6.87	7.62	6.99	7.15
Операционные расходы, млрд ¥				8	9	8.81	7.68	60.29	9.41	9.96	9.39	9.05	9.33
CAPEX, млрд ¥				0.5302	0.7093	0.5108	1.48	5.83	1.39	0.6067	0.6038	0.5684	0.6018

	5 quarters average	CAGR 5

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2004	2005	2015	2016	2017	2018	2019	2020	2021	2022	2023	LTM	5 year average	CAGR 5
Наличность, млрд ¥			6.07	5.44	2.76	5.39	3.25	9.12	14.5	24.89	21.43	21.43
Short Term Investments ¥			19.61	30.94	40.35	44.58	68.8	84.35	83.04	92.57	105.29	105.29
Long term investments ¥					2.78	5.35	11.65	6.63	5.82	2.97	22.83
Total Receivables ¥			2.61	4.25	3.62	4.29	4.17	4.58	5.51	5	6.42	9.23
Total Current Assets ¥			34.41	49.92	61.95	68.72	85.11	107.83	113.12	131.6	142.69	142.69
Чистые активы, млрд ¥					3.77	4.67	5.09	5.33	5.43	6.34	18.8	18.34
Активы, млрд ¥			41.16	58.03	71.03	86.97	112.12	141.87	153.64	172.76	185.92	185.92
Short Term Debt ¥			2.27	3.82	6.62	13.66	16.83	19.5	19.35	24.13	19.5	19.5
Long Term Debt ¥									1.28	3.65	0.428	0.428
Задолженность, млрд ¥			11.83	19.57	24.6	40.94	49.53	58.88	54.37	63.89	57.84	57.84
Чистый долг, млрд ¥			-3.8	-1.62	3.86	8.27	13.58	10.39	6.13	2.64	-0.9454	-0.9454
Долг, млрд ¥					6.62	13.66	16.83	19.5	20.63	27.53	20.48	19.93
Interest income ¥					0.6673	0.5875	0.8218	1.6	1.52	2.15	3.49
Расходы на обслуживание долга ¥	0.0039	0.000345
Чист. проц. доходы, млрд ¥					0.6673	0.5875	0.8218	1.6	1.52	2.15	3.49	0.4899
Goodwill ¥								0.3189	0.5953	2.17	1.86
Амортизация, млрд ¥			0.1825	0.3275	0.8018	2.08	2.61	3.46	3.28	2.86	3.06	0.000168
Себестоимость, млрд ¥			9.4	16.52	28.19	38.75	27.69	34.68	40.64	43.73	40.4	40.4
Товарно материальные запасы ¥			0.8178	1.58	5.47	5.02	0.6506	0.6212	0.9647	0.9936	0.6954	0.6954

	2004Q1	2005Q4	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	5 quarters average	CAGR 5
Наличность, млрд ¥									16.46	18	24.89	13.7	92.58	15.12	21.43	43.03	18.98	20.18
Short Term Investments ¥									95.08	98.24	92.57	106.74	703.78	95.71	105.29	91.57	103.87	103.8
Long term investments ¥						6.95	5.82	4.47	4.47	4.47	2.97	2.73	2.68	2.22	22.83
Total Receivables ¥									5.21	5.21	5	6.09	38.75	6.49	6.42	7.77	6.36	6.17
Total Current Assets ¥									128.01	131.59	131.6	135.55	900.91	127.57	142.69	151.79	138.15	140.58
Чистые активы, млрд ¥				4.65	4.69	4.96	5.43	5.84	6.02	6.17	6.34	18.8	53.28
Активы, млрд ¥									168.18	172.71	172.76	178.24	1 217.7	171.58	185.92	195.06	183.34	184.9
Short Term Debt ¥									28.03	25.45	23.88	27.39	86.17	11.22	19.5	24.84	13.19	10.59
Long Term Debt ¥								3.17	3.36	3.55	3.65	3.73	28.67	0.428	0.428	0.428	0.428
Задолженность, млрд ¥									63.42	63.2	63.89	65.7	360	47.63	57.84	64.43	49	49.17
Чистый долг, млрд ¥									14.92	11	2.64	17.42	22.26	-3.47	-0.9454	-17.76	-5.37	-9.16
Долг, млрд ¥									31.38	29	27.53	31.12	114.84	11.65	20.48	25.27	13.62	11.02
Interest income ¥						0.3496	0.395	0.4582	0.506	0.5561	0.6293	0.776	0.9356	1.15	1.26
Расходы на обслуживание долга ¥	0.000931	0
Чист. проц. доходы, млрд ¥								0.4582	0.506	0.5561	0.6293	0.776	0.9356	1.15	1.26	0.1794	0.1666
Goodwill ¥			0.3189				0.5953				2.17				1.86
Амортизация, млрд ¥									0.609	0.7139	0.7691	1.08	0.000885	0.6519	0.6598	0.5679	0.632	0.5206
Себестоимость, млрд ¥									10.22	10.68	12.11	10.15	69.88	10.3	10.32	9.84	9.44	9.73
Товарно материальные запасы ¥									0.8438	0.9329	0.9936	0.8763	5.85	0.722	0.6954	0.604	0.5744	0.6137

	5 quarters average	CAGR 5

Share

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
EPS	2.04	3.51	3.23	1.89	6.53	3.13	5.87	6.17	45.23		9.05
Цена акции ао							20.85	14.94	18.26	18.21	18.21
Число акций ао, млн	3312.14	3310.28	3310.59	3220.72	3266.59	3411.17	3323	3296.01	650.41		3252.03
FCF/акцию	2.13	4.33	3.03	2.03	4.25	6.33	6.57	7.6	47.75		9.55

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	5 quarters average	CAGR 5
EPS				1.64	2.27	1.47	0.3032	18.4	2.41	2.02	2.35	10.42	0.2829
Цена акции ао	19.53	20.66	19.16	18.92	17.45	13.45	17.23	18.08	20.68	21.07
Число акций ао, млн	3361.73	3323	3316.13	3305.5	3293.77	3269.08	3256.51	3248.92	3249.65	3253.17
FCF/акцию				1.85	2.06	2.6	1.39	15.35	2.6	3.44	2.76	9.19	0.4315

	5 quarters average	CAGR 5

Efficiency

IFRS

Reporting Annual Quarterly

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
ROE, %			23.03	30.39	23.41	13.6	34.56	14.69	17.68	5.71	25.69			23.67	19.83
ROA, %			16.36	20	15.07	7.07	18.94	8.5	10.97	3.53	16.4			15.82	10.27
ROIC, %			21.88	30.32	21.52	10.3	29.82	11.9	17.56	21.44	14.84			13.26	15.55
ROS, %					19.79	9.16	35.85	16.37	19.24	21.08	28.43	28.43	28.43	28.43	20.81
ROCE, %			24.13	31.93	26.36	17.44	19.91	19.33	14.06	16.93	20.98			23.1	23.49
Рентаб EBITDA, %			31.83	33.03	24.11	15.06	25.44	26.47	19.67	23.3	29.73			28.6	31.17
Чистая рентаб, %			29.54	30.4	19.79	9.16	35.85	16.37	19.24	21.08	28.43			28.43	20.81
Operation Margin, %					22.46	11.75	23.28	19.74	18.74	20.34	26.78	26.78	26.78	26.78	25.10
Чистая процентная маржа, %	48.32	40.61	29.54	30.4	19.79	9.16	35.85	16.37	19.24					18.55	17.53
Доходность FCF, %									30.69	44.5	49.51

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	Industry average	5 quarters average	CAGR 5
ROE, %				5.25	6.36	3.77	6.22	7.21	2.12	2.25	2.56	3.18	5.14	19.83
ROA, %				3.15	3.88	2.29	3.79	4.91	1.13	3.68	4.01	3.57	3.55	10.27
ROIC, %				5.06	6.19	4.52	5.7	7.96	7.79	6.11	8.25	6.24	5.94	15.55
ROS, %				22.85	27.43	15.59	26.97	34.33	28.74	24.25	28.43	26.52	24.95	20.81
ROCE, %				4.57	1.82	4.65	6.34	4.2	2.37	2.13	2.34	5.26	5.26	23.49
Рентаб EBITDA, %				23.31	11.1	23.01	32.81	20.7	30.11	27.74	30.5	29.92	29.25	31.17
Чистая рентаб, %				22.85	27.43	15.59	26.97	34.33	28.74	24.25	28.43	26.52	24.95	20.81
Operation Margin, %				21.36	19.41	17.49	28.83	25.25	27.71	25.31	28.39	27.44	27.27	25.10
Доходность FCF, %	8.63	11.11	5.81	9.76	11.79	19.33	8.06	11.7	12.59	16.34

	Industry average	5 quarters average	CAGR 5

Coefficients

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
P/E					4.22	16.85	2.94			14.68	40.58
P/BV					0.7457	3.15	0.6744			3.37	7.42
P/S					0.8115	3.55	0.8349			4.17	8.64
P/FCF					3.26	2.25	2.02	2.08	2.08	2.08	25.41
E/P					0.2371	0.361	0.469	0.4564	0.4564	0.4564	6.23
EV/EBITDA		0.8289	0.8279	0.5772	4.48	15.36	2.78			14.56	20.78
EV/Ebit			1.09	0.7145	4.65	17.6	3.08	14.56	14.56	14.56
EV/S			0.2293	0.141	0.8814	3.58	0.8257	4.17	4.17	4.17	7.28
EV/FCF			0.978	0.481	3.54	13.78	2.75	13.88	13.88	13.88	32.07
Debt/EBITDA			1.12	1	1.2	1.22	0.6658	0.6734	0.6734	0.6734	0.67
Netdebt/Ebitda	0.2959	0.8178	0.9011	0.5327	0.3556	0.1175	-0.0307	-0.0319	-0.0319	-0.0319	-1.11
Debt/Ratio			0.1501	0.1375	0.1343	0.1594	0.1102	0.1072	0.1072	0.1072	0.08
Debt/Equity			0.2738	0.2375	0.2164	0.2629	0.1648	1.09	1.09	1.09	0.60
Debt/Net Income			0.7924	1.62	1.22	1.35	0.6963	0.6774	0.6774	0.6774	1.35
Бета					0.52	0.49	-1.14	0.8093	0.4513	0.4513	-0.17
Индекс Альтмана					2.18	2.95	44.07	-8.58	-8.58	-8.58	20.85

	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	Industry average	5 quarters average	CAGR 5
P/E						11.82	8.58	11.12	8.31	3.9	6.18	5.33	5.85	7.91	8.3	40.58
P/BV						0.6203	0.5456	0.4199	0.5165	0.5335	3.91	3.37	3.66	0.6568	21.3	7.42
P/S						2.7	2.35	1.73	2.24	1.16	1.92	1.7	1.87	2.12	2.19	8.64
P/FCF			11.58	9	17.22	10.25	8.48	5.17	12.41	8.55	7.95	6.12				25.41
E/P			0.0485	0.0829	0.0692	0.0846	0.1165	0.0899	0.1204	0.1403	0.1166	0.096				6.23
EV/EBITDA						14.35	25.27	7.99	8.95	13.31	8.24	7.18	7.68	2.63	92.95	20.78
EV/Ebit											63.6	62.77	60.47	11.85	403.32
EV/S						3.34	2.8	1.84	2.94	2.76	17.63	15.88	17.17	3.25	109.98	7.28
EV/FCF						12.7	10.1	5.49	16.26	9.62	56.83	38.49	51.48	13.9	289	32.07
Debt/EBITDA						5.81	10.7	4.72	3.79	3.19	1.42	2.72	3.09	1.79	1.44	0.67
Netdebt/Ebitda						2.76	4.06	0.4528	2.12	0.6173	-0.4223	-0.1256	-2.17	-0.7038	-1.19	-1.11
Debt/Ratio						0.1866	0.1679	0.1594	0.1746	0.0943	0.0679	0.1102	0.1296	0.0743	0.0596	0.08
Debt/Equity						0.3112	0.2752	0.2629	0.2865	0.1386	0.0971	0.1648	0.1986	0.104	0.0834	0.60
Debt/Net Income						5.93	4.33	6.96	4.61	1.92	1.49	3.11	3.31	2.01	1.69	1.35
Индекс Альтмана	1.11	1.02	-0.3031	1.37	1.03	0.9761	0.9833	2.04		2.17						20.85

	Industry average	5 quarters average	CAGR 5

Dividends

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	Industry average	5 year average	CAGR 5
Див.выплата, млрд	1.47	2.55	3.26	1.44	8.84	4.28	3.51	8.01	-8.01		3.37
Дивиденд						0.26	0.165	0.2774	0.297	0.489	0.489
Див доход, ао, %						0.0545	0.7713	1.53	1.65	3.12	2.82	359.38
Дивиденды / прибыль, %	21.8	21.94	30.42	23.41	41.63	35.48	20.81	33.06	27.24		27.24	36.39

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	Industry average	5 quarters average	CAGR 5
Див.выплата, млрд				1.4	1.62	2.02	1.21	15.37	2.42	2.26	4.95	2.26	1.97
Дивиденд	0.048	0.045	0.081	0.0644	0.072	0.087	0.054	0.093	0.105	0.099
Див доход, ао, %	0.2458	0.2178	0.4228	0.3404	0.4125	0.6468	0.3134	0.5142	0.5077	0.4698				359.38
Дивиденды / прибыль, %				26.53	24.15	51.08	17.95	25.71	30.92	34.32	64.78	33.51	30.17	36.39

	Industry average	5 quarters average	CAGR 5

Other

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	CAGR 5
Всего задолженность	35.11	38.24	46.74
ebit_margin		21.03	19.74	18.74	20.34	26.78
Персонал, чел					32064	31119

	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	CAGR 5
ebit_margin	27.71	25.31	28.39	27.44	27.27

	CAGR 5

Investing Port

OTC: NETTF - NetEase, Inc.

Reporting NetEase, Inc.

Capitalization

Balance sheet

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Efficiency

Coefficients

Dividends

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