25 XP   0   0   10

NetEase Inc
Buy, Hold or Sell?

Let's analyse Netease together

PenkeI guess you are interested in NetEase Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of NetEase Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about NetEase Inc

I send you an email if I find something interesting about NetEase Inc.

Quick analysis of Netease (30 sec.)










What can you expect buying and holding a share of Netease? (30 sec.)

How much money do you get?

How much money do you get?
HK$0.37
When do you have the money?
1 year
How often do you get paid?
97.5%

What is your share worth?

Current worth
HK$41.59
Expected worth in 1 year
HK$47.10
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
HK$8.42
Return On Investment
5.2%

For what price can you sell your share?

Current Price per Share
HK$161.50
Expected price per share
HK$147.23 - HK$183.06
How sure are you?
50%

1. Valuation of Netease (5 min.)




Live pricePrice per Share (EOD)

HK$161.50

Intrinsic Value Per Share

HK$71.35 - HK$152.03

Total Value Per Share

HK$112.94 - HK$193.62

2. Growth of Netease (5 min.)




Is Netease growing?

Current yearPrevious yearGrowGrow %
How rich?$17.1b$14.2b$1.3b8.9%

How much money is Netease making?

Current yearPrevious yearGrowGrow %
Making money$926.1m$763.3m$162.7m17.6%
Net Profit Margin26.4%23.1%--

How much money comes from the company's main activities?

3. Financial Health of Netease (5 min.)




4. Comparing to competitors in the Electronic Gaming & Multimedia industry (5 min.)




  Industry Rankings (Electronic Gaming & Multimedia)  


Richest
#1 / 131

Most Revenue
#2 / 131

Most Profit
#1 / 131

What can you expect buying and holding a share of Netease? (5 min.)

Welcome investor! Netease's management wants to use your money to grow the business. In return you get a share of Netease.

What can you expect buying and holding a share of Netease?

First you should know what it really means to hold a share of Netease. And how you can make/lose money.

Speculation

The Price per Share of Netease is HK$161.50. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Netease.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Netease, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is HK$41.59. Based on the TTM, the Book Value Change Per Share is HK$1.38 per quarter. Based on the YOY, the Book Value Change Per Share is HK$2.10 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is HK$0.73 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Netease.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 HK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per ShareHK$% of Price per Share
Usd Eps0.340.2%0.300.2%0.230.1%0.200.1%0.140.1%
Usd Book Value Change Per Share0.420.3%0.180.1%0.270.2%0.170.1%0.110.1%
Usd Dividend Per Share0.100.1%0.090.1%0.060.0%0.060.0%0.040.0%
Usd Total Gains Per Share0.520.3%0.270.2%0.330.2%0.240.1%0.160.1%
Usd Price Per Share20.38-18.04-18.02-12.86-6.43-
Price to Earnings Ratio15.16-15.75-19.96-20.80-10.40-
Price-to-Total Gains Ratio39.27--67.76-61.95-207.95-207.95-
Price to Book Ratio3.83-3.71-4.19-3.18-1.59-
Price-to-Total Gains Ratio39.27--67.76-61.95-207.95-207.95-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share20.6397
Number of shares48
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.090.06
Usd Book Value Change Per Share0.180.17
Usd Total Gains Per Share0.270.24
Gains per Quarter (48 shares)12.9111.30
Gains per Year (48 shares)51.6645.22
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1183442123335
2366894256680
3541011463799125
47113519849131170
58916925062164215
610720330274197260
712523735486230305
814327040699263350
9161304458111296395
10179338510123329440

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%40.00.00.0100.0%76.01.00.098.7%
Book Value Change Per Share3.01.00.075.0%8.04.00.066.7%15.05.00.075.0%33.07.00.082.5%64.013.00.083.1%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%39.00.01.097.5%40.00.037.051.9%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%18.02.00.090.0%36.04.00.090.0%67.010.00.087.0%

Fundamentals of Netease

About NetEase Inc

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, Cloud Music, and Innovative Businesses and Others segments. It develops and operates PC 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 Translation, a tool specifically designed to support translation needs of business and leisure travelers; U-Dictionary, an online dictionary and translation app; Youdao Kids' Dictionary, a smart and fun tool; smart devices, such as Youdao Dictionary Pen, Youdao Smart Learning Pad, Youdao Listening Pod, Youdao Smart Light, Youdao Pocket Translator, and Youdao Super Dictionary; online courses; interactive learning apps; and education digitalization solutions, such as Youdao Smart Learning Terminal, a device that automates paper-based homework processing; Youdao Smart Cloud, a cloud-based platform that allows third-party app developers, smart device brands, and manufacturers to the company's OCR capabilities; and Youdao Sports, a sports-centric educational system. Its products and services also include NetEase Cloud Music, a music streaming platform; Yanxuan, an e-commerce platform, which sells private label products; www.163.com portal and related mobile app, Wangyi Xinwen, which deliver information such as news, sports events, technology, fashion trends, and online entertainment; NetEase Mail, an email service; NetEase 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.

Fundamental data was last updated by Penke on 2024-03-28 09:30:07.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of NetEase Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Netease earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • A Net Profit Margin of 28.7% means that $0.29 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of NetEase Inc:

  • The MRQ is 28.7%. The company is making a huge profit. +2
  • The TTM is 26.4%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ28.7%TTM26.4%+2.3%
TTM26.4%YOY23.1%+3.3%
TTM26.4%5Y23.1%+3.3%
5Y23.1%10Y25.7%-2.6%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ28.7%-4.0%+32.7%
TTM26.4%1.1%+25.3%
YOY23.1%3.0%+20.1%
5Y23.1%0.9%+22.2%
10Y25.7%1.9%+23.8%
1.1.2. Return on Assets

Shows how efficient Netease is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • 4.6% Return on Assets means that Netease generated $0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of NetEase Inc:

  • The MRQ is 4.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ4.6%TTM3.9%+0.7%
TTM3.9%YOY3.4%+0.5%
TTM3.9%5Y3.4%+0.5%
5Y3.4%10Y3.9%-0.5%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ4.6%-0.6%+5.2%
TTM3.9%0.1%+3.8%
YOY3.4%0.7%+2.7%
5Y3.4%0.3%+3.1%
10Y3.9%0.9%+3.0%
1.1.3. Return on Equity

Shows how efficient Netease is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • 6.5% Return on Equity means Netease generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of NetEase Inc:

  • The MRQ is 6.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.9%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.5%TTM5.9%+0.6%
TTM5.9%YOY5.5%+0.4%
TTM5.9%5Y5.5%+0.4%
5Y5.5%10Y2.8%+2.8%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ6.5%-0.4%+6.9%
TTM5.9%0.2%+5.7%
YOY5.5%1.2%+4.3%
5Y5.5%0.6%+4.9%
10Y2.8%1.5%+1.3%

1.2. Operating Efficiency of NetEase Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Netease is operating .

  • Measures how much profit Netease makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of NetEase Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM10.7%-10.7%
TTM10.7%YOY20.8%-10.1%
TTM10.7%5Y17.6%-6.9%
5Y17.6%10Y23.8%-6.2%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ--3.5%+3.5%
TTM10.7%1.6%+9.1%
YOY20.8%5.8%+15.0%
5Y17.6%3.7%+13.9%
10Y23.8%3.9%+19.9%
1.2.2. Operating Ratio

Measures how efficient Netease is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Electronic Gaming & Multimedia industry mean).
  • An Operation Ratio of 1.10 means that the operating costs are $1.10 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of NetEase Inc:

  • The MRQ is 1.101. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.167. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.101TTM1.167-0.067
TTM1.167YOY1.243-0.076
TTM1.1675Y1.038+0.129
5Y1.03810Y0.869+0.169
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1011.230-0.129
TTM1.1671.171-0.004
YOY1.2431.050+0.193
5Y1.0381.083-0.045
10Y0.8691.005-0.136

1.3. Liquidity of NetEase Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Netease is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Electronic Gaming & Multimedia industry mean).
  • A Current Ratio of 2.91 means the company has $2.91 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of NetEase Inc:

  • The MRQ is 2.908. The company is able to pay all its short-term debts. +1
  • The TTM is 2.622. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.908TTM2.622+0.286
TTM2.622YOY2.269+0.353
TTM2.6225Y2.308+0.314
5Y2.30810Y2.783-0.475
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9082.274+0.634
TTM2.6222.300+0.322
YOY2.2692.717-0.448
5Y2.3082.717-0.409
10Y2.7832.644+0.139
1.3.2. Quick Ratio

Measures if Netease is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • A Quick Ratio of 2.33 means the company can pay off $2.33 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of NetEase Inc:

  • The MRQ is 2.330. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 3.784. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.330TTM3.784-1.454
TTM3.784YOY3.774+0.010
TTM3.7845Y3.586+0.198
5Y3.58610Y2.960+0.626
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3301.329+1.001
TTM3.7841.703+2.081
YOY3.7741.722+2.052
5Y3.5861.940+1.646
10Y2.9601.864+1.096

1.4. Solvency of NetEase Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Netease assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Netease to Electronic Gaming & Multimedia industry mean.
  • A Debt to Asset Ratio of 0.28 means that Netease assets are financed with 27.8% credit (debt) and the remaining percentage (100% - 27.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of NetEase Inc:

  • The MRQ is 0.278. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.345. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.278TTM0.345-0.068
TTM0.345YOY0.371-0.026
TTM0.3455Y0.403-0.058
5Y0.40310Y0.348+0.055
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2780.280-0.002
TTM0.3450.312+0.033
YOY0.3710.281+0.090
5Y0.4030.306+0.097
10Y0.3480.333+0.015
1.4.2. Debt to Equity Ratio

Measures if Netease is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • A Debt to Equity ratio of 39.7% means that company has $0.40 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of NetEase Inc:

  • The MRQ is 0.397. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.539. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.397TTM0.539-0.142
TTM0.539YOY0.608-0.068
TTM0.5395Y0.650-0.111
5Y0.65010Y0.325+0.325
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3970.371+0.026
TTM0.5390.397+0.142
YOY0.6080.367+0.241
5Y0.6500.434+0.216
10Y0.3250.412-0.087

2. Market Valuation of NetEase Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Netease generates.

  • Above 15 is considered overpriced but always compare Netease to the Electronic Gaming & Multimedia industry mean.
  • A PE ratio of 15.16 means the investor is paying $15.16 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of NetEase Inc:

  • The EOD is 15.353. Based on the earnings, the company is fair priced.
  • The MRQ is 15.163. Based on the earnings, the company is fair priced.
  • The TTM is 15.753. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD15.353MRQ15.163+0.190
MRQ15.163TTM15.753-0.590
TTM15.753YOY19.958-4.206
TTM15.7535Y20.801-5.048
5Y20.80110Y10.401+10.401
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD15.353-0.373+15.726
MRQ15.163-0.712+15.875
TTM15.7531.605+14.148
YOY19.95813.046+6.912
5Y20.80115.401+5.400
10Y10.40114.081-3.680
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of NetEase Inc:

  • The EOD is 14.225. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 14.049. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 15.841. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.225MRQ14.049+0.176
MRQ14.049TTM15.841-1.792
TTM15.841YOY19.093-3.252
TTM15.8415Y14.397+1.445
5Y14.39710Y7.198+7.198
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD14.225-0.348+14.573
MRQ14.049-0.536+14.585
TTM15.841-0.800+16.641
YOY19.0930.176+18.917
5Y14.3973.620+10.777
10Y7.1983.745+3.453
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Netease is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Electronic Gaming & Multimedia industry mean).
  • A PB ratio of 3.83 means the investor is paying $3.83 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of NetEase Inc:

  • The EOD is 3.883. Based on the equity, the company is fair priced.
  • The MRQ is 3.835. Based on the equity, the company is fair priced.
  • The TTM is 3.715. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.883MRQ3.835+0.048
MRQ3.835TTM3.715+0.120
TTM3.715YOY4.188-0.473
TTM3.7155Y3.182+0.533
5Y3.18210Y1.591+1.591
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD3.8831.882+2.001
MRQ3.8352.274+1.561
TTM3.7152.251+1.464
YOY4.1882.824+1.364
5Y3.1823.418-0.236
10Y1.5913.574-1.983
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of NetEase Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--3.2481.377+136%2.098+55%1.340+142%0.883+268%
Book Value Per Share--41.59137.883+10%33.900+23%28.260+47%19.579+112%
Current Ratio--2.9082.622+11%2.269+28%2.308+26%2.783+4%
Debt To Asset Ratio--0.2780.345-20%0.371-25%0.403-31%0.348-20%
Debt To Equity Ratio--0.3970.539-26%0.608-35%0.650-39%0.325+22%
Dividend Per Share--0.8130.728+12%0.465+75%0.503+62%0.336+142%
Eps--2.6302.372+11%1.820+44%1.597+65%1.122+134%
Free Cash Flow Per Share--2.8382.378+19%1.995+42%1.768+61%1.203+136%
Free Cash Flow To Equity Per Share--0.538-2.125+495%1.572-66%0.808-33%0.664-19%
Gross Profit Margin--1.0001.0000%1.0000%0.556+80%0.417+140%
Intrinsic Value_10Y_max--152.028--------
Intrinsic Value_10Y_min--71.347--------
Intrinsic Value_1Y_max--9.221--------
Intrinsic Value_1Y_min--5.243--------
Intrinsic Value_3Y_max--32.288--------
Intrinsic Value_3Y_min--17.499--------
Intrinsic Value_5Y_max--60.880--------
Intrinsic Value_5Y_min--31.571--------
Market Cap520798750336.000+1%514349271040.000455174911840.000+13%462560730233.975+11%331789156121.220+55%165894578060.610+210%
Net Profit Margin--0.2870.264+9%0.231+25%0.231+24%0.257+12%
Operating Margin---0.107-100%0.208-100%0.176-100%0.238-100%
Operating Ratio--1.1011.167-6%1.243-11%1.038+6%0.869+27%
Pb Ratio3.883+1%3.8353.715+3%4.188-8%3.182+21%1.591+141%
Pe Ratio15.353+1%15.16315.753-4%19.958-24%20.801-27%10.401+46%
Price Per Share161.500+1%159.500141.150+13%140.975+13%100.650+58%50.325+217%
Price To Free Cash Flow Ratio14.225+1%14.04915.841-11%19.093-26%14.397-2%7.198+95%
Price To Total Gains Ratio39.763+1%39.271-67.756+273%61.949-37%207.952-81%207.952-81%
Quick Ratio--2.3303.784-38%3.774-38%3.586-35%2.960-21%
Return On Assets--0.0460.039+17%0.034+35%0.034+34%0.039+19%
Return On Equity--0.0650.059+10%0.055+18%0.055+18%0.028+136%
Total Gains Per Share--4.0622.105+93%2.563+58%1.843+120%1.219+233%
Usd Book Value--17140673240.26715612636480.085+10%14217352902.342+21%11842672628.668+45%8216483039.535+109%
Usd Book Value Change Per Share--0.4150.176+136%0.268+55%0.171+142%0.113+268%
Usd Book Value Per Share--5.3154.841+10%4.332+23%3.612+47%2.502+112%
Usd Dividend Per Share--0.1040.093+12%0.059+75%0.064+62%0.043+142%
Usd Eps--0.3360.303+11%0.233+44%0.204+65%0.143+134%
Usd Free Cash Flow--1169711938.012980224963.568+19%836540148.794+40%739872592.774+58%504621886.654+132%
Usd Free Cash Flow Per Share--0.3630.304+19%0.255+42%0.226+61%0.154+136%
Usd Free Cash Flow To Equity Per Share--0.069-0.272+495%0.201-66%0.103-33%0.085-19%
Usd Market Cap66558080292.941+1%65733836838.91258171353733.152+13%59115261323.902+11%42402654152.292+55%21201327076.146+210%
Usd Price Per Share20.640+1%20.38418.039+13%18.017+13%12.863+58%6.432+217%
Usd Profit--1083781893.313926110394.665+17%763339952.248+42%657073425.327+65%465086335.548+133%
Usd Revenue--3771289349.3063515465698.281+7%3302257639.333+14%2914075506.151+29%2067360720.223+82%
Usd Total Gains Per Share--0.5190.269+93%0.328+58%0.236+120%0.156+233%
 EOD+4 -4MRQTTM+31 -4YOY+29 -65Y+28 -810Y+25 -11

3.2. Fundamental Score

Let's check the fundamental score of NetEase Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1515.353
Price to Book Ratio (EOD)Between0-13.883
Net Profit Margin (MRQ)Greater than00.287
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than12.330
Current Ratio (MRQ)Greater than12.908
Debt to Asset Ratio (MRQ)Less than10.278
Debt to Equity Ratio (MRQ)Less than10.397
Return on Equity (MRQ)Greater than0.150.065
Return on Assets (MRQ)Greater than0.050.046
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of NetEase Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.284
Ma 20Greater thanMa 50168.025
Ma 50Greater thanMa 100162.642
Ma 100Greater thanMa 200162.333
OpenGreater thanClose161.200
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in CNY. All numbers in thousands.

Summary
Total Assets171,575,005
Total Liabilities47,629,830
Total Stockholder Equity119,978,728
 As reported
Total Liabilities 47,629,830
Total Stockholder Equity+ 119,978,728
Total Assets = 171,575,005

Assets

Total Assets171,575,005
Total Current Assets127,565,427
Long-term Assets44,009,578
Total Current Assets
Cash And Cash Equivalents 15,116,464
Short-term Investments 95,710,414
Net Receivables 6,492,193
Inventory 721,958
Other Current Assets 6,483,086
Total Current Assets  (as reported)127,565,427
Total Current Assets  (calculated)124,524,115
+/- 3,041,312
Long-term Assets
Property Plant Equipment 7,582,320
Long Term Investments 2,220,840
Intangible Assets 4,109,744
Long-term Assets Other 28,674,075
Long-term Assets  (as reported)44,009,578
Long-term Assets  (calculated)42,586,979
+/- 1,422,599

Liabilities & Shareholders' Equity

Total Current Liabilities43,868,717
Long-term Liabilities3,761,113
Total Stockholder Equity119,978,728
Total Current Liabilities
Short Long Term Debt 11,221,194
Accounts payable 863,331
Total Current Liabilities  (as reported)43,868,717
Total Current Liabilities  (calculated)12,084,525
+/- 31,784,192
Long-term Liabilities
Long term Debt 427,997
Long-term Liabilities Other 1,327,427
Long-term Liabilities  (as reported)3,761,113
Long-term Liabilities  (calculated)1,755,424
+/- 2,005,689
Total Stockholder Equity
Total Stockholder Equity (as reported)119,978,728
Total Stockholder Equity (calculated)0
+/- 119,978,728
Other
Net Invested Capital 131,627,919
Net Working Capital 83,696,710



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312001-12-312000-12-312000-09-302000-06-30
> Total Assets 
992,133
977,545
992,735
674,914
619,535
696,706
786,220
1,698,515
1,787,005
2,017,560
2,154,951
2,293,866
2,450,140
2,690,304
2,954,335
3,427,906
3,624,986
4,049,345
3,966,814
4,198,850
4,373,708
4,411,243
4,203,521
4,306,476
4,685,659
4,969,820
5,480,885
5,959,180
6,345,893
6,774,967
7,448,748
7,946,449
8,803,469
9,208,470
9,853,675
10,680,804
11,586,662
12,441,774
13,327,529
14,462,760
15,444,931
16,640,653
17,519,727
18,441,411
19,277,956
20,904,734
21,982,426
22,986,334
24,546,330
25,815,915
27,275,754
28,443,077
30,354,671
31,396,774
35,001,728
37,206,585
41,157,430
43,238,463
45,765,099
49,655,423
58,031,860
62,854,594
65,202,953
66,499,523
71,031,415
73,775,374
75,400,068
79,988,987
86,967,928
91,439,321
92,800,303
105,823,818
112,124,371
118,653,818
144,170,254
144,731,644
141,874,582
150,503,876
154,857,023
147,788,304
153,643,924
159,248,109
168,179,586
172,707,671
172,760,985
178,241,444
167,905,722
171,575,005
171,575,005167,905,722178,241,444172,760,985172,707,671168,179,586159,248,109153,643,924147,788,304154,857,023150,503,876141,874,582144,731,644144,170,254118,653,818112,124,371105,823,81892,800,30391,439,32186,967,92879,988,98775,400,06873,775,37471,031,41566,499,52365,202,95362,854,59458,031,86049,655,42345,765,09943,238,46341,157,43037,206,58535,001,72831,396,77430,354,67128,443,07727,275,75425,815,91524,546,33022,986,33421,982,42620,904,73419,277,95618,441,41117,519,72716,640,65315,444,93114,462,76013,327,52912,441,77411,586,66210,680,8049,853,6759,208,4708,803,4697,946,4497,448,7486,774,9676,345,8935,959,1805,480,8854,969,8204,685,6594,306,4764,203,5214,411,2434,373,7084,198,8503,966,8144,049,3453,624,9863,427,9062,954,3352,690,3042,450,1402,293,8662,154,9512,017,5601,787,0051,698,515786,220696,706619,535674,914992,735977,545992,133
   > Total Current Assets 
933,180
892,428
908,196
626,977
589,700
663,031
749,877
1,644,070
1,733,068
1,956,749
2,084,055
2,210,613
2,366,450
2,595,643
2,849,075
3,302,509
3,497,303
3,903,457
3,782,087
3,989,357
4,129,186
4,174,787
3,192,281
4,056,346
4,436,293
4,723,095
5,251,981
5,630,335
5,973,779
6,323,606
6,582,073
7,028,339
7,972,562
8,392,155
8,951,155
9,768,306
10,626,895
11,481,264
12,324,457
13,504,042
14,474,186
15,282,299
16,149,020
16,993,024
17,868,673
19,873,479
20,944,779
21,378,220
22,797,763
23,677,715
24,858,113
26,162,503
27,732,522
28,955,166
31,297,440
33,219,183
34,408,924
36,095,066
36,949,039
39,865,791
49,919,704
54,185,325
57,620,381
58,827,390
61,947,760
63,382,840
62,374,252
62,950,752
68,715,720
71,646,856
73,043,425
82,546,021
85,105,012
90,221,140
111,113,047
113,765,137
107,831,043
115,528,557
115,959,185
108,943,566
113,120,254
119,073,590
128,009,165
131,592,030
131,603,199
135,547,292
124,223,852
127,565,427
127,565,427124,223,852135,547,292131,603,199131,592,030128,009,165119,073,590113,120,254108,943,566115,959,185115,528,557107,831,043113,765,137111,113,04790,221,14085,105,01282,546,02173,043,42571,646,85668,715,72062,950,75262,374,25263,382,84061,947,76058,827,39057,620,38154,185,32549,919,70439,865,79136,949,03936,095,06634,408,92433,219,18331,297,44028,955,16627,732,52226,162,50324,858,11323,677,71522,797,76321,378,22020,944,77919,873,47917,868,67316,993,02416,149,02015,282,29914,474,18613,504,04212,324,45711,481,26410,626,8959,768,3068,951,1558,392,1557,972,5627,028,3396,582,0736,323,6065,973,7795,630,3355,251,9814,723,0954,436,2934,056,3463,192,2814,174,7874,129,1863,989,3573,782,0873,903,4573,497,3033,302,5092,849,0752,595,6432,366,4502,210,6132,084,0551,956,7491,733,0681,644,070749,877663,031589,700626,977908,196892,428933,180
       Cash And Cash Equivalents 
857,830
782,464
707,705
479,694
559,940
638,145
728,754
1,594,380
1,356,307
1,680,552
1,701,581
1,840,829
2,123,892
2,320,554
2,642,469
1,743,278
1,685,744
1,900,466
1,700,457
1,136,395
1,206,477
1,507,400
919,332
1,205,936
2,482,821
2,261,903
2,397,836
993,189
793,408
792,197
1,282,099
1,356,305
1,041,290
1,443,105
2,084,887
1,664,110
1,285,137
1,669,597
1,844,492
1,943,529
2,214,618
2,012,449
1,075,734
1,184,546
1,590,769
1,805,016
1,363,480
917,302
1,458,298
2,713,009
1,668,981
2,194,934
2,021,453
3,739,901
5,389,872
6,270,082
6,071,487
6,584,533
5,257,160
4,481,803
5,439,499
3,959,251
3,012,500
2,575,522
2,764,140
3,727,435
3,079,286
4,778,084
5,389,198
4,132,058
4,832,320
2,741,419
3,246,373
5,592,847
10,622,795
6,466,250
9,117,219
8,790,990
9,935,805
22,266,781
14,498,157
9,851,996
16,461,908
17,999,166
24,889,000
13,700,778
12,766,270
15,116,464
15,116,46412,766,27013,700,77824,889,00017,999,16616,461,9089,851,99614,498,15722,266,7819,935,8058,790,9909,117,2196,466,25010,622,7955,592,8473,246,3732,741,4194,832,3204,132,0585,389,1984,778,0843,079,2863,727,4352,764,1402,575,5223,012,5003,959,2515,439,4994,481,8035,257,1606,584,5336,071,4876,270,0825,389,8723,739,9012,021,4532,194,9341,668,9812,713,0091,458,298917,3021,363,4801,805,0161,590,7691,184,5461,075,7342,012,4492,214,6181,943,5291,844,4921,669,5971,285,1371,664,1102,084,8871,443,1051,041,2901,356,3051,282,099792,197793,408993,1892,397,8362,261,9032,482,8211,205,936919,3321,507,4001,206,4771,136,3951,700,4571,900,4661,685,7441,743,2782,642,4692,320,5542,123,8921,840,8291,701,5811,680,5521,356,3071,594,380728,754638,145559,940479,694707,705782,464857,830
       Short-term Investments 
0
0
0
45,529
0
0
0
0
332,152
166,287
248,790
248,508
165,532
165,565
82,783
1,432,050
0
1,867,825
1,911,526
2,644,246
2,729,087
2,511,837
2,057,813
1,873,827
0
2,225,221
0
4,329,356
0
5,238,315
4,929,101
5,054,115
0
6,234,955
6,194,086
7,117,321
0
8,689,695
9,391,784
9,957,918
993,606
1,214,989
13,276,882
13,751,337
14,172,200
14,494,456
15,932,498
16,810,130
17,526,651
17,109,288
18,890,062
19,225,270
20,555,126
19,990,373
17,516,604
18,038,947
19,606,790
20,435,238
22,930,839
26,378,150
30,943,214
36,183,850
38,127,979
38,104,273
40,346,032
39,610,232
41,048,622
37,658,523
44,575,062
47,671,062
50,719,264
58,640,272
68,799,670
69,888,458
85,547,422
91,933,788
84,352,353
90,718,571
90,947,124
69,066,607
83,036,394
92,649,368
95,083,282
98,236,142
92,570,352
106,744,115
97,041,866
95,710,414
95,710,41497,041,866106,744,11592,570,35298,236,14295,083,28292,649,36883,036,39469,066,60790,947,12490,718,57184,352,35391,933,78885,547,42269,888,45868,799,67058,640,27250,719,26447,671,06244,575,06237,658,52341,048,62239,610,23240,346,03238,104,27338,127,97936,183,85030,943,21426,378,15022,930,83920,435,23819,606,79018,038,94717,516,60419,990,37320,555,12619,225,27018,890,06217,109,28817,526,65116,810,13015,932,49814,494,45614,172,20013,751,33713,276,8821,214,989993,6069,957,9189,391,7848,689,69507,117,3216,194,0866,234,95505,054,1154,929,1015,238,31504,329,35602,225,22101,873,8272,057,8132,511,8372,729,0872,644,2461,911,5261,867,82501,432,05082,783165,565165,532248,508248,790166,287332,152000045,529000
       Net Receivables 
14,452
5,211
1,084
0
0
0
0
0
0
77,379
78,243
91,621
59,620
63,862
75,053
75,155
78,860
61,808
96,549
117,679
146,690
76,254
121,816
137,789
175,245
114,380
193,683
219,904
268,389
113,018
133,683
117,490
225,873
143,079
196,321
188,714
305,567
181,098
190,143
231,167
335,845
201,016
274,174
305,510
452,166
197,257
327,405
399,718
648,689
361,801
568,011
768,138
1,235,368
891,183
1,774,275
1,942,200
2,907,295
2,416,859
2,491,142
2,661,949
4,571,596
3,682,936
3,403,854
3,259,524
4,068,143
4,446,185
3,863,986
4,569,249
4,819,543
5,070,886
4,494,715
4,706,696
4,714,686
5,289,567
5,018,414
4,948,999
4,576,445
5,056,686
4,452,504
5,422,326
5,507,988
5,277,364
5,213,151
5,208,019
5,002,872
6,091,593
5,343,028
6,492,193
6,492,1935,343,0286,091,5935,002,8725,208,0195,213,1515,277,3645,507,9885,422,3264,452,5045,056,6864,576,4454,948,9995,018,4145,289,5674,714,6864,706,6964,494,7155,070,8864,819,5434,569,2493,863,9864,446,1854,068,1433,259,5243,403,8543,682,9364,571,5962,661,9492,491,1422,416,8592,907,2951,942,2001,774,275891,1831,235,368768,138568,011361,801648,689399,718327,405197,257452,166305,510274,174201,016335,845231,167190,143181,098305,567188,714196,321143,079225,873117,490133,683113,018268,389219,904193,683114,380175,245137,789121,81676,254146,690117,67996,54961,80878,86075,15575,05363,86259,62091,62178,24377,3790000001,0845,21114,452
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,113,030
4,311,451
3,947,201
4,002,127
4,980,238
9,365,627
9,891,740
9,163,819
10,087,608
9,739,441
11,149,245
9,112,982
10,433,550
10,407,057
9,215,798
8,147,339
3,083,493
8,265,728
6,483,086
6,483,0868,265,7283,083,4938,147,3399,215,79810,407,05710,433,5509,112,98211,149,2459,739,44110,087,6089,163,8199,891,7409,365,6274,980,2384,002,1273,947,2014,311,4515,113,030000000000000000000000000000000000000000000000000000000000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
23,277,797
27,019,359
28,432,678
33,057,207
30,966,507
34,043,539
34,975,319
38,897,838
38,844,738
40,523,670
40,174,519
40,170,421
41,115,641
41,157,786
42,694,152
43,681,870
44,009,578
44,009,57843,681,87042,694,15241,157,78641,115,64140,170,42140,174,51940,523,67038,844,73838,897,83834,975,31934,043,53930,966,50733,057,20728,432,67827,019,35923,277,79700000000000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
25,697
30,997
44,152
36,363
26,373
27,066
25,682
30,010
40,417
48,586
60,858
75,176
77,303
90,058
103,878
124,056
126,342
133,976
149,290
195,007
224,208
221,504
207,062
198,914
183,472
178,780
177,091
219,507
258,788
260,053
475,262
531,139
557,756
562,351
662,237
692,174
755,778
765,933
777,085
756,165
848,469
814,897
791,541
806,665
826,555
828,265
827,642
825,445
883,384
874,896
947,475
1,065,177
1,358,873
1,404,575
1,715,590
1,934,205
2,330,924
2,432,514
2,656,663
2,754,782
3,008,397
3,271,816
3,564,651
3,952,930
4,362,605
4,851,700
5,460,132
8,826,384
8,881,129
6,179,644
6,187,072
5,149,265
5,085,400
5,072,923
4,416,247
4,439,270
4,555,406
4,651,507
4,694,354
4,956,832
5,433,858
5,842,168
6,022,365
6,165,151
6,342,330
6,617,950
7,347,204
7,582,320
7,582,3207,347,2046,617,9506,342,3306,165,1516,022,3655,842,1685,433,8584,956,8324,694,3544,651,5074,555,4064,439,2704,416,2475,072,9235,085,4005,149,2656,187,0726,179,6448,881,1298,826,3845,460,1324,851,7004,362,6053,952,9303,564,6513,271,8163,008,3972,754,7822,656,6632,432,5142,330,9241,934,2051,715,5901,404,5751,358,8731,065,177947,475874,896883,384825,445827,642828,265826,555806,665791,541814,897848,469756,165777,085765,933755,778692,174662,237562,351557,756531,139475,262260,053258,788219,507177,091178,780183,472198,914207,062221,504224,208195,007149,290133,976126,342124,056103,87890,05877,30375,17660,85848,58640,41730,01025,68227,06626,37336,36344,15230,99725,697
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
318,943
0
0
0
595,280
0
0
0
2,166,486
0
0
0
0002,166,486000595,280000318,9430000000000000000000000000000000000000000000000000000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
50,000
11,653,868
13,067,017
6,823,390
4,250,000
6,630,000
6,740,000
7,100,000
6,953,000
5,823,840
4,473,840
4,473,840
4,473,840
2,973,840
2,731,840
2,681,840
2,220,840
2,220,8402,681,8402,731,8402,973,8404,473,8404,473,8404,473,8405,823,8406,953,0007,100,0006,740,0006,630,0004,250,0006,823,39013,067,01711,653,86850,00000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,968
0
27,738
0
12,733
12,563
39,962
244,717
242,376
225,152
208,268
191,198
173,940
156,683
139,799
156,790
133,927
60,750
43,679
26,608
11,594
0
0
0
0
11,271
0
0
0
108,102
0
0
0
190,983
0
0
0
254,067
0
0
596,458
820,362
0
0
0
2,464,971
0
0
0
7,346,390
3,459,151
4,221,940
4,200,099
4,178,257
4,156,448
4,134,607
4,112,765
4,108,090
4,149,942
4,156,674
4,134,507
4,121,767
4,122,407
4,147,468
4,109,744
4,109,7444,147,4684,122,4074,121,7674,134,5074,156,6744,149,9424,108,0904,112,7654,134,6074,156,4484,178,2574,200,0994,221,9403,459,1517,346,3900002,464,971000820,362596,45800254,067000190,983000108,10200011,271000011,59426,60843,67960,750133,927156,790139,799156,683173,940191,198208,268225,152242,376244,71739,96212,56312,733027,738026,96800000000000000000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,562,821
13,519,806
18,078,532
2,933,701
3,145,616
17,595,630
18,077,138
18,679,876
19,427,364
22,968,877
22,822,141
25,157,882
25,708,569
25,517,542
26,342,143
27,719,849
33,344,362
29,505,358
0
029,505,35833,344,36227,719,84926,342,14325,517,54225,708,56925,157,88222,822,14122,968,87719,427,36418,679,87618,077,13817,595,6303,145,6162,933,70118,078,53213,519,80613,562,821000000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
74,663
90,664
153,367
119,785
38,645
44,882
50,049
912,018
905,826
1,023,049
1,048,775
1,077,795
1,096,895
1,169,747
1,183,606
1,314,918
1,233,892
1,320,490
1,301,112
1,302,880
1,468,040
1,256,817
1,267,422
1,290,667
1,287,026
1,357,376
1,243,928
899,880
829,248
828,279
990,161
1,088,055
1,378,125
1,322,955
1,461,825
1,688,094
1,863,024
1,904,559
2,006,698
2,291,400
2,346,467
2,514,348
2,507,983
2,630,325
3,676,470
4,221,283
4,172,716
4,097,750
4,378,067
5,486,426
5,925,291
6,152,567
6,996,511
6,785,011
9,238,864
10,096,572
11,833,831
12,090,118
12,854,283
14,408,880
19,568,919
20,875,616
20,975,071
20,782,778
24,596,275
28,710,967
31,170,818
35,861,741
40,942,083
42,859,060
41,132,971
41,771,698
49,531,516
54,845,678
57,191,315
58,637,861
58,876,778
63,325,732
68,720,979
64,008,239
58,315,844
57,620,529
63,415,096
63,201,898
68,029,668
69,599,299
53,640,939
47,629,830
47,629,83053,640,93969,599,29968,029,66863,201,89863,415,09657,620,52958,315,84464,008,23968,720,97963,325,73258,876,77858,637,86157,191,31554,845,67849,531,51641,771,69841,132,97142,859,06040,942,08335,861,74131,170,81828,710,96724,596,27520,782,77820,975,07120,875,61619,568,91914,408,88012,854,28312,090,11811,833,83110,096,5729,238,8646,785,0116,996,5116,152,5675,925,2915,486,4264,378,0674,097,7504,172,7164,221,2833,676,4702,630,3252,507,9832,514,3482,346,4672,291,4002,006,6981,904,5591,863,0241,688,0941,461,8251,322,9551,378,1251,088,055990,161828,279829,248899,8801,243,9281,357,3761,287,0261,290,6671,267,4221,256,8171,468,0401,302,8801,301,1121,320,4901,233,8921,314,9181,183,6061,169,7471,096,8951,077,7951,048,7751,023,049905,826912,01850,04944,88238,645119,785153,36790,66474,663
   > Total Current Liabilities 
74,474
90,485
153,367
119,785
38,645
44,882
49,732
83,886
77,780
183,870
209,322
238,238
257,495
330,180
344,147
494,126
415,479
507,043
490,347
501,940
676,408
560,515
581,576
1,280,462
1,276,826
1,347,174
1,233,734
899,678
829,048
828,079
989,961
1,087,855
1,377,925
1,322,755
1,450,361
1,662,726
1,828,227
1,874,651
1,978,150
2,258,107
2,282,577
2,462,267
2,433,472
2,537,914
3,576,502
4,155,169
4,084,033
3,981,508
4,233,184
5,414,329
5,851,202
6,064,973
6,756,447
6,594,377
9,044,602
9,894,502
11,667,423
12,002,601
12,811,331
14,361,393
19,534,998
20,186,976
20,189,449
20,095,868
23,750,114
27,879,095
29,620,719
33,124,259
35,109,010
36,229,397
33,932,654
34,610,569
38,243,013
43,407,413
45,195,482
46,928,909
46,743,491
50,647,794
54,341,723
49,008,285
50,501,326
51,764,387
57,444,687
57,028,590
56,828,847
58,180,634
42,338,974
43,868,717
43,868,71742,338,97458,180,63456,828,84757,028,59057,444,68751,764,38750,501,32649,008,28554,341,72350,647,79446,743,49146,928,90945,195,48243,407,41338,243,01334,610,56933,932,65436,229,39735,109,01033,124,25929,620,71927,879,09523,750,11420,095,86820,189,44920,186,97619,534,99814,361,39312,811,33112,002,60111,667,4239,894,5029,044,6026,594,3776,756,4476,064,9735,851,2025,414,3294,233,1843,981,5084,084,0334,155,1693,576,5022,537,9142,433,4722,462,2672,282,5772,258,1071,978,1501,874,6511,828,2271,662,7261,450,3611,322,7551,377,9251,087,855989,961828,079829,048899,6781,233,7341,347,1741,276,8261,280,462581,576560,515676,408501,940490,347507,043415,479494,126344,147330,180257,495238,238209,322183,87077,78083,88649,73244,88238,645119,785153,36790,48574,474
       Short-term Debt 
0
0
0
45,529
0
0
0
0
332,152
166,287
248,790
248,508
165,532
165,565
82,783
1,432,050
0
1,867,825
1,911,526
2,644,246
2,729,087
2,511,837
2,057,813
1,873,827
0
2,225,221
0
4,329,356
0
5,238,315
4,929,101
5,054,115
0
6,234,955
6,194,086
7,117,321
0
8,689,695
9,391,784
9,957,918
993,606
1,214,989
13,276,882
13,751,337
14,172,200
14,494,456
15,932,498
16,810,130
17,526,651
17,109,288
18,890,062
19,225,270
20,555,126
19,990,373
17,516,604
18,038,947
19,606,790
20,435,238
22,930,839
26,378,150
30,943,214
36,183,850
38,127,979
38,104,273
40,346,032
39,610,232
41,048,622
37,658,523
44,575,062
47,671,062
50,719,264
58,640,272
68,799,670
69,888,458
85,547,422
91,933,788
19,504,696
21,827,017
27,188,198
19,614,143
19,352,313
22,679,519
28,027,125
25,445,617
23,875,704
27,392,771
11,881,623
0
011,881,62327,392,77123,875,70425,445,61728,027,12522,679,51919,352,31319,614,14327,188,19821,827,01719,504,69691,933,78885,547,42269,888,45868,799,67058,640,27250,719,26447,671,06244,575,06237,658,52341,048,62239,610,23240,346,03238,104,27338,127,97936,183,85030,943,21426,378,15022,930,83920,435,23819,606,79018,038,94717,516,60419,990,37320,555,12619,225,27018,890,06217,109,28817,526,65116,810,13015,932,49814,494,45614,172,20013,751,33713,276,8821,214,989993,6069,957,9189,391,7848,689,69507,117,3216,194,0866,234,95505,054,1154,929,1015,238,31504,329,35602,225,22101,873,8272,057,8132,511,8372,729,0872,644,2461,911,5261,867,82501,432,05082,783165,565165,532248,508248,790166,287332,152000045,529000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,494,839
16,828,226
19,624,535
21,932,603
22,247,523
19,504,696
21,827,017
27,188,198
19,614,143
19,352,313
22,679,519
28,027,125
25,445,617
23,875,704
27,392,771
11,881,623
11,221,194
11,221,19411,881,62327,392,77123,875,70425,445,61728,027,12522,679,51919,352,31319,614,14327,188,19821,827,01719,504,69622,247,52321,932,60319,624,53516,828,22615,494,83900000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,219,413
1,212,303
1,197,007
853,745
997,099
1,134,413
1,070,965
889,722
1,098,916
985,059
924,572
942,070
867,298
1,507,141
831,118
740,607
863,331
863,331740,607831,1181,507,141867,298942,070924,572985,0591,098,916889,7221,070,9651,134,413997,099853,7451,197,0071,212,3031,219,41300000000000000000000000000000000000000000000000000000000000000000000000
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,184,151
13,952,372
17,079,214
13,198,451
14,438,669
15,227,978
17,527,482
15,808,221
17,579,811
16,669,793
16,665,827
15,577,636
17,642,632
15,331,986
0
15,503,891
0
015,503,891015,331,98617,642,63215,577,63616,665,82716,669,79317,579,81115,808,22117,527,48215,227,97814,438,66913,198,45117,079,21413,952,37211,184,15100000000000000000000000000000000000000000000000000000000000000000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,161,129
11,288,503
11,438,265
11,995,833
11,708,952
12,133,287
12,677,938
13,091,997
13,675,456
3,863,960
5,856,142
5,970,409
6,173,308
7,058,658
7,524,192
7,300,919
3,761,113
3,761,1137,300,9197,524,1927,058,6586,173,3085,970,4095,856,1423,863,96013,675,45613,091,99712,677,93812,133,28711,708,95211,995,83311,438,26511,288,5037,161,12900000000000000000000000000000000000000000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,275,140
3,174,100
3,355,700
3,549,900
3,654,964
3,730,073
3,953,664
0
03,953,6643,730,0733,654,9643,549,9003,355,7003,174,1001,275,14000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
911,522
779,827
559,954
769,962
1,457,170
1,047,971
1,337,167
997,222
1,266,791
1,582,558
1,345,874
2,535,288
2,472,130
2,480,054
3,403,694
0
3,347,255
0
03,347,25503,403,6942,480,0542,472,1302,535,2881,345,8741,582,5581,266,791997,2221,337,1671,047,9711,457,170769,962559,954779,827911,5220000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
47,768,218
50,951,338
63,381,110
61,453,699
62,597,346
85,804,783
85,246,787
82,126,798
85,706,495
86,136,044
83,780,065
95,328,080
97,671,521
100,830,817
105,364,713
104,731,317
108,642,145
114,264,783
119,978,728
119,978,728114,264,783108,642,145104,731,317105,364,713100,830,81797,671,52195,328,08083,780,06586,136,04485,706,49582,126,79885,246,78785,804,78362,597,34661,453,69963,381,11050,951,33847,768,218000000000000000000000000000000000000000000000000000000000000000000000
   Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
50,951,338
63,381,110
2,640
2,654
85,804,783
85,246,787
82,126,798
85,706,495
86,136,044
83,780,065
95,328,080
97,671,521
100,830,817
105,364,713
104,731,317
0
114,264,783
0
0114,264,7830104,731,317105,364,713100,830,81797,671,52195,328,08083,780,06586,136,04485,706,49582,126,79885,246,78785,804,7832,6542,64063,381,11050,951,3380000000000000000000000000000000000000000000000000000000000000000000000
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 00000000000000-3,788,868-3,505,973000-2,652,868000-1,775,231000-1,403,262000-1,118,415000-968,361000-899,429000-748,707000-570,153000-362,348000-385,177000-347,798-171,951-172,1840-279,756-195,923-195,898-195,891-196,224-132,595-134,243-133,371-134,212-91,209-93,307-93,307-93,307-65,753-65,753-65,753-65,753-48,324-48,324-48,324-48,324-26,527-9,715-1,074-1,075
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,913,656
0
0
0
27,829,431
0
0
0
37,915,939
0
0
0
22,854,234
0
0
0
00022,854,23400037,915,93900027,829,4310003,913,656000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000-10,446,1070000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
47,768,218
50,951,338
63,381,110
-71,445
69,456
85,804,783
85,246,787
82,126,798
85,706,495
86,136,044
83,780,065
95,328,080
97,671,521
100,830,817
105,364,713
104,731,317
108,642,145
114,264,783
0
0114,264,783108,642,145104,731,317105,364,713100,830,81797,671,52195,328,08083,780,06586,136,04485,706,49582,126,79885,246,78785,804,78369,456-71,44563,381,11050,951,33847,768,218000000000000000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue101,682,123
Cost of Revenue-42,199,500
Gross Profit59,482,62359,482,623
 
Operating Income (+$)
Gross Profit59,482,623
Operating Expense-76,408,023
Operating Income25,274,100-16,925,400
 
Operating Expense (+$)
Research Development16,095,767
Selling General Administrative18,112,756
Selling And Marketing Expenses-
Operating Expense76,408,02334,208,523
 
Net Interest Income (+$)
Interest Income3,488,125
Interest Expense--
Other Finance Cost-0
Net Interest Income3,488,125
 
Pretax Income (+$)
Operating Income25,274,100
Net Interest Income3,488,125
Other Non-Operating Income Expenses-
Income Before Tax (EBT)31,088,20722,948,118
EBIT - interestExpense = 0
26,787,026
26,787,026
Interest Expense-
Earnings Before Interest and Taxes (EBIT)-31,088,207
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax31,088,207
Tax Provision-4,597,621
Net Income From Continuing Ops26,490,58626,490,586
Net Income26,787,026
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net2,325,982-3,488,125
 

Technical Analysis of Netease
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Netease. The general trend of Netease is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Netease's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (28.6%) Bearish trend (-28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of NetEase Inc.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 174.95 < 175.30 < 183.06.

The bearish price targets are: 160.99 > 150.00 > 147.23.

Tweet this
NetEase Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of NetEase Inc. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

NetEase Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of NetEase Inc. The current macd is -0.45884994.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Netease price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Netease. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Netease price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
NetEase Inc Daily Moving Average Convergence/Divergence (MACD) ChartNetEase Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of NetEase Inc. The current adx is 11.33.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Netease shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
NetEase Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of NetEase Inc. The current sar is 171.52.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
NetEase Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of NetEase Inc. The current rsi is 43.28. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
NetEase Inc Daily Relative Strength Index (RSI) ChartNetEase Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of NetEase Inc. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Netease price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
NetEase Inc Daily Stochastic Oscillator ChartNetEase Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of NetEase Inc. The current cci is -123.69619509.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
NetEase Inc Daily Commodity Channel Index (CCI) ChartNetEase Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of NetEase Inc. The current cmo is -24.08762024.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
NetEase Inc Daily Chande Momentum Oscillator (CMO) ChartNetEase Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of NetEase Inc. The current willr is -90.19607843.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
NetEase Inc Daily Williams %R ChartNetEase Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of NetEase Inc.

NetEase Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of NetEase Inc. The current atr is 5.24803107.

NetEase Inc Daily Average True Range (ATR) ChartNetEase Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of NetEase Inc. The current obv is -75,765,879.

NetEase Inc Daily On-Balance Volume (OBV) ChartNetEase Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of NetEase Inc. The current mfi is 47.71.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
NetEase Inc Daily Money Flow Index (MFI) ChartNetEase Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for NetEase Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-05ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-27RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-06CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-21DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-25DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-26WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside

6.3. Candlestick Patterns

NetEase Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of NetEase Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5043.284
Ma 20Greater thanMa 50168.025
Ma 50Greater thanMa 100162.642
Ma 100Greater thanMa 200162.333
OpenGreater thanClose161.200
Total3/5 (60.0%)
Penke

Good job! You gained 25 XP and 0   0   10 . What's next:

  • Share my analysis of Netease with someone you think should read this too:
  • Are you bullish or bearish on Netease? Let me know what you think in the comments.
  • Do you want an email if I find something interesting about Netease? Add an email alert using the form below.
  • Join the community if you want to keep your earnings and track your progress: Join the community
  • Is this analysis useful to you? Support me via But Me a Coffee. I'll analyze the stock market faster for you!

Get notifications about NetEase Inc

I send you an email if I find something interesting about NetEase Inc.


Comments

How you think about this?

Leave a comment

Stay informed about NetEase Inc.

Receive notifications about NetEase Inc in your mailbox!