NTES
NetEase, Inc.Technology · $77.7B market cap
Verdict
Share price
$117.21
close of Oct 3, 2026
Fair value
$172.24
Sticker Price
Payback Price
$68.90
buy price
NTES is Undervalued: at $117.21 it trades 32% below its fair value of $172.24. Its buy price (Payback Price) is $68.90, 41% below today's price. Business quality is strong: all 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow. Sales grew 5% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.
Business quality
5 of 5 clear the 10% bar. What are the Big Five?
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2 of the investors we track hold NTES. In Q2 2026, 1 opened a position. Who we track
Dodge & Cox Funds
Dodge & Cox Funds · as of Q2 2026
$277.1M
2,162,476 shares
Sarah Ketterer
Causeway Capital Management · as of Q2 2026
$73.3M
572,412 shares
Moves in Q2 2026
New position: Sarah Ketterer
Insider activity
Since Jun 29, 2026: no open-market purchases, 2 sales worth $1.4M and 1 other filing (stock awards, tax withholding and similar). Why purchases matter
Sales
Mo Bin
Vice President, Finance · 2026-09-02
Sold
$86K
Boltz Paul William JR
General Counsel · 2026-06-29
Sold
$1.3M
Other filings
About NetEase, Inc.
NetEase, Inc., a prominent technology firm founded in 1997 and headquartered in Hangzhou, People's Republic of China, delivers a broad spectrum of online services both within China and across international markets. Its core operations encompass online gaming, music streaming, intelligent online learning solutions, and diverse internet content services. The company organizes its activities into several key divisions…
Electronic Gaming & Multimedia
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works