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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.

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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?
$0.33
When do you have the money?
1 year
How often do you get paid?
97.5%

What is your share worth?

Current worth
$5.28
Expected worth in 1 year
$5.96
How sure are you?
87.5%

+ What do you gain per year?

Total Gains per Share
$1.01
Return On Investment
5.0%

For what price can you sell your share?

Current Price per Share
$20.23
Expected price per share
$18.67 - $23.19
How sure are you?
50%

1. Valuation of Netease (5 min.)




Live pricePrice per Share (EOD)

$20.23

Intrinsic Value Per Share

$9.09 - $19.42

Total Value Per Share

$14.37 - $24.70

2. Growth of Netease (5 min.)




Is Netease growing?

Current yearPrevious yearGrowGrow %
How rich?$17.1b$14.3b$1.6b10.4%

How much money is Netease making?

Current yearPrevious yearGrowGrow %
Making money$926.8m$763.9m$162.8m17.6%
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 $20.23. 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 $5.28. Based on the TTM, the Book Value Change Per Share is $0.17 per quarter. Based on the YOY, the Book Value Change Per Share is $0.27 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 $0.08 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
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.331.7%0.301.5%0.231.1%0.201.0%0.140.7%
Usd Book Value Change Per Share0.241.2%0.170.8%0.271.4%0.170.8%0.110.6%
Usd Dividend Per Share0.100.5%0.080.4%0.060.3%0.060.3%0.040.2%
Usd Total Gains Per Share0.341.7%0.251.2%0.331.6%0.231.1%0.150.8%
Usd Price Per Share20.72-18.30-18.13-10.51-5.25-
Price to Earnings Ratio15.52-16.15-20.23-12.63-6.31-
Price-to-Total Gains Ratio60.25-89.08-69.37-35.12-35.12-
Price to Book Ratio3.93-3.70-4.20-2.49-1.24-
Price-to-Total Gains Ratio60.25-89.08-69.37-35.12-35.12-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share20.228
Number of shares49
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.080.06
Usd Book Value Change Per Share0.170.17
Usd Total Gains Per Share0.250.23
Gains per Quarter (49 shares)12.3511.34
Gains per Year (49 shares)49.3945.34
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1163339123335
2326688246680
34910013736100125
46513318649133170
58116623561166215
69719928473199260
711323233385232305
813026638297265350
9146299431109299395
10162332480122332440

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%74.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%10.02.00.083.3%16.04.00.080.0%34.06.00.085.0%65.09.00.087.8%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%39.00.01.097.5%40.00.034.054.1%
Total Gains per Share4.00.00.0100.0%10.02.00.083.3%17.03.00.085.0%35.05.00.087.5%66.08.00.089.2%

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 2024-03-09 19:03:05.

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 efficient.
The company is efficient 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%5Y5.7%+0.2%
5Y5.7%10Y5.9%-0.2%
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%
5Y5.7%0.6%+5.1%
10Y5.9%1.5%+4.4%

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 27.1% means the company generated $0.27  for each $1 in revenue (before taxes).

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

  • The MRQ is 27.1%. The company is operating very efficient. +2
  • The TTM is 23.4%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ27.1%TTM23.4%+3.8%
TTM23.4%YOY17.1%+6.2%
TTM23.4%5Y19.1%+4.3%
5Y19.1%10Y24.4%-5.3%
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ27.1%-3.5%+30.6%
TTM23.4%1.6%+21.8%
YOY17.1%5.8%+11.3%
5Y19.1%3.7%+15.4%
10Y24.4%3.9%+20.5%
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 0.72 means that the operating costs are $0.72 for each $1 in net sales.

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

  • The MRQ is 0.723. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.752. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.723TTM0.752-0.029
TTM0.752YOY0.792-0.041
TTM0.7525Y0.796-0.044
5Y0.79610Y0.748+0.048
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7231.230-0.507
TTM0.7521.171-0.419
YOY0.7921.050-0.258
5Y0.7961.083-0.287
10Y0.7481.005-0.257

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
TTM2.6222.347+0.275
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 4.86 means the company can pay off $4.86 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 4.856. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 4.415. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ4.856TTM4.415+0.441
TTM4.415YOY3.774+0.641
TTM4.4155Y3.782+0.634
5Y3.78210Y4.303-0.521
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ4.8561.329+3.527
TTM4.4151.704+2.711
YOY3.7741.722+2.052
5Y3.7821.940+1.842
10Y4.3031.864+2.439

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 0.328. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.278TTM0.328-0.050
TTM0.328YOY0.365-0.037
TTM0.3285Y0.397-0.070
5Y0.39710Y0.345+0.053
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2780.280-0.002
TTM0.3280.312+0.016
YOY0.3650.281+0.084
5Y0.3970.306+0.091
10Y0.3450.333+0.012
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 0.512. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.397TTM0.512-0.115
TTM0.512YOY0.597-0.086
TTM0.5125Y0.686-0.175
5Y0.68610Y0.559+0.128
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3970.371+0.026
TTM0.5120.391+0.121
YOY0.5970.367+0.230
5Y0.6860.434+0.252
10Y0.5590.412+0.147

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 15.52 means the investor is paying $15.52 for every $1 in earnings.

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

  • The EOD is 15.151. Based on the earnings, the company is fair priced.
  • The MRQ is 15.523. Based on the earnings, the company is fair priced.
  • The TTM is 16.146. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD15.151MRQ15.523-0.372
MRQ15.523TTM16.146-0.624
TTM16.146YOY20.227-4.081
TTM16.1465Y12.629+3.517
5Y12.62910Y6.315+6.315
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD15.151-0.280+15.431
MRQ15.523-0.712+16.235
TTM16.1461.768+14.378
YOY20.22711.967+8.260
5Y12.62915.401-2.772
10Y6.31514.075-7.760
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 14.038. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 14.382. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 16.190. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD14.038MRQ14.382-0.344
MRQ14.382TTM16.190-1.807
TTM16.190YOY19.286-3.096
TTM16.1905Y11.460+4.729
5Y11.46010Y5.730+5.730
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD14.0380.125+13.913
MRQ14.3820.134+14.248
TTM16.190-0.799+16.989
YOY19.2860.176+19.110
5Y11.4603.629+7.831
10Y5.7303.745+1.985
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 3.93 means the investor is paying $3.93 for each $1 in book value.

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

  • The EOD is 3.832. Based on the equity, the company is fair priced.
  • The MRQ is 3.926. Based on the equity, the company is fair priced.
  • The TTM is 3.701. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.832MRQ3.926-0.094
MRQ3.926TTM3.701+0.225
TTM3.701YOY4.201-0.501
TTM3.7015Y2.490+1.211
5Y2.49010Y1.245+1.245
Compared to industry (Electronic Gaming & Multimedia)
PeriodCompanyIndustry (mean)+/- 
EOD3.8321.895+1.937
MRQ3.9262.255+1.671
TTM3.7012.251+1.450
YOY4.2012.824+1.377
5Y2.4903.418-0.928
10Y1.2453.606-2.361
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--0.2410.169+42%0.274-12%0.169+42%0.112+115%
Book Value Per Share--5.2794.927+7%4.341+22%3.627+46%2.511+110%
Current Ratio--2.9082.622+11%2.269+28%2.308+26%2.783+4%
Debt To Asset Ratio--0.2780.328-15%0.365-24%0.397-30%0.345-19%
Debt To Equity Ratio--0.3970.512-22%0.597-34%0.686-42%0.559-29%
Dividend Per Share--0.1030.083+25%0.059+75%0.062+66%0.042+147%
Eps--0.3340.301+11%0.231+45%0.203+64%0.143+133%
Free Cash Flow Per Share--0.3600.301+20%0.253+42%0.225+60%0.154+134%
Free Cash Flow To Equity Per Share--0.068-0.048+170%0.199-66%0.150-55%0.109-37%
Gross Profit Margin--0.5450.464+17%0.393+39%0.205+166%0.242+125%
Intrinsic Value_10Y_max--19.421--------
Intrinsic Value_10Y_min--9.086--------
Intrinsic Value_1Y_max--1.169--------
Intrinsic Value_1Y_min--0.670--------
Intrinsic Value_3Y_max--4.104--------
Intrinsic Value_3Y_min--2.233--------
Intrinsic Value_5Y_max--7.753--------
Intrinsic Value_5Y_min--4.026--------
Market Cap65230446574.592-3%67345725876.00059555086366.500+13%60039651006.125+12%34823263332.025+93%17411631666.013+287%
Net Profit Margin--0.2870.264+9%0.231+25%0.231+24%0.257+12%
Operating Margin--0.2710.234+16%0.171+58%0.191+42%0.244+11%
Operating Ratio--0.7230.752-4%0.792-9%0.796-9%0.748-3%
Pb Ratio3.832-2%3.9263.701+6%4.201-7%2.490+58%1.245+215%
Pe Ratio15.151-2%15.52316.146-4%20.227-23%12.629+23%6.315+146%
Price Per Share20.228-2%20.72418.296+13%18.135+14%10.509+97%5.254+294%
Price To Free Cash Flow Ratio14.038-2%14.38216.190-11%19.286-25%11.460+25%5.730+151%
Price To Total Gains Ratio58.811-2%60.25389.078-32%69.366-13%35.123+72%35.123+72%
Quick Ratio--4.8564.415+10%3.774+29%3.782+28%4.303+13%
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%0.057+14%0.059+11%
Total Gains Per Share--0.3440.252+36%0.333+3%0.231+49%0.154+124%
Usd Book Value--17154012220.00016041290129.200+7%14365106242.600+19%11980600650.240+43%8287695521.580+107%
Usd Book Value Change Per Share--0.2410.169+42%0.274-12%0.169+42%0.112+115%
Usd Book Value Per Share--5.2794.927+7%4.341+22%3.627+46%2.511+110%
Usd Dividend Per Share--0.1030.083+25%0.059+75%0.062+66%0.042+147%
Usd Eps--0.3340.301+11%0.231+45%0.203+64%0.143+133%
Usd Free Cash Flow--1170622215.200980987780.800+19%837191149.600+40%742148091.280+58%508146170.300+130%
Usd Free Cash Flow Per Share--0.3600.301+20%0.253+42%0.225+60%0.154+134%
Usd Free Cash Flow To Equity Per Share--0.068-0.048+170%0.199-66%0.150-55%0.109-37%
Usd Market Cap65230446574.592-3%67345725876.00059555086366.500+13%60039651006.125+12%34823263332.025+93%17411631666.013+287%
Usd Price Per Share20.228-2%20.72418.296+13%18.135+14%10.509+97%5.254+294%
Usd Profit--1084625299.200926831099.600+17%763933988.200+42%657584764.000+65%465448268.660+133%
Usd Revenue--3774224190.4003518201455.800+7%3304827477.000+14%2916343258.040+29%2068969553.340+82%
Usd Total Gains Per Share--0.3440.252+36%0.333+3%0.231+49%0.154+124%
 EOD+4 -4MRQTTM+33 -3YOY+30 -65Y+30 -610Y+30 -6

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)Between0-1515.151
Price to Book Ratio (EOD)Between0-13.832
Net Profit Margin (MRQ)Greater than00.287
Operating Margin (MRQ)Greater than00.271
Quick Ratio (MRQ)Greater than14.856
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
Total6/10 (60.0%)

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 than5043.927
Ma 20Greater thanMa 5021.131
Ma 50Greater thanMa 10020.566
Ma 100Greater thanMa 20020.517
OpenGreater thanClose21.062
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Net Debt  1,521,895-1,156,288365,6072,045,6072,411,214-1,986,462424,752-904,623-479,871



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-term Debt 11,221,194
Short Long Term Debt 11,221,194
Accounts payable 863,331
Other Current Liabilities 17,595,600
Total Current Liabilities  (as reported)43,868,717
Total Current Liabilities  (calculated)40,901,319
+/- 2,967,398
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
Cash and Short Term Investments 110,826,878
Common Stock Shares Outstanding 3,249,649
Current Deferred Revenue14,188,592
Liabilities and Stockholders Equity 171,575,005
Net Debt -3,467,273
Net Invested Capital 131,627,919
Net Working Capital 83,696,710
Short Long Term Debt Total 11,649,191



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-31
> Total Assets 
0
992,133
977,545
992,735
0
0
0
674,914
0
0
0
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
171,575,005167,905,722178,241,444172,760,985172,707,671168,179,586159,248,109153,643,924147,788,304154,857,023150,503,876141,874,582144,731,644144,170,254118,653,818112,124,371105,823,81892,800,30391,439,32186,967,92879,988,98775,400,06873,775,37471,031,41566,499,52365,202,95362,854,59458,031,86049,655,42345,765,09943,238,46341,157,43037,206,58535,001,72831,396,77430,354,67128,443,07727,275,75425,815,91524,546,33022,986,33421,982,42620,904,73419,277,95618,441,41117,519,72716,640,65315,444,93114,462,76013,327,52912,441,77411,586,66210,680,8049,853,6759,208,4708,803,4697,946,4497,448,7486,774,9676,345,8935,959,1805,480,8854,969,8204,685,6594,306,4764,203,5214,411,2434,373,7084,198,8503,966,8144,049,3453,624,9863,427,9062,954,3352,690,3042,450,1402,293,8662,154,9512,017,5601,787,0051,698,515786,220696,706619,535000674,914000992,735977,545992,1330
   > Total Current Assets 
0
933,180
892,428
908,196
0
0
0
626,977
0
0
0
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
127,565,427124,223,852135,547,292131,603,199131,592,030128,009,165119,073,590113,120,254108,943,566115,959,185115,528,557107,831,043113,765,137111,113,04790,221,14085,105,01282,546,02173,043,42571,646,85668,715,72062,950,75262,374,25263,382,84061,947,76058,827,39057,620,38154,185,32549,919,70439,865,79136,949,03936,095,06634,408,92433,219,18331,297,44028,955,16627,732,52226,162,50324,858,11323,677,71522,797,76321,378,22020,944,77919,873,47917,868,67316,993,02416,149,02015,282,29914,474,18613,504,04212,324,45711,481,26410,626,8959,768,3068,951,1558,392,1557,972,5627,028,3396,582,0736,323,6065,973,7795,630,3355,251,9814,723,0954,436,2934,056,3463,192,2814,174,7874,129,1863,989,3573,782,0873,903,4573,497,3033,302,5092,849,0752,595,6432,366,4502,210,6132,084,0551,956,7491,733,0681,644,070749,877663,031589,700000626,977000908,196892,428933,1800
       Cash And Cash Equivalents 
0
857,830
782,464
707,705
0
0
0
479,694
0
0
0
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
15,116,46412,766,27013,700,77824,889,00017,999,16616,461,9089,851,99614,498,15722,266,7819,935,8058,790,9909,117,2196,466,25010,622,7955,592,8473,246,3732,741,4194,832,3204,132,0585,389,1984,778,0843,079,2863,727,4352,764,1402,575,5223,012,5003,959,2515,439,4994,481,8035,257,1606,584,5336,071,4876,270,0825,389,8723,739,9012,021,4532,194,9341,668,9812,713,0091,458,298917,3021,363,4801,805,0161,590,7691,184,5461,075,7342,012,4492,214,6181,943,5291,844,4921,669,5971,285,1371,664,1102,084,8871,443,1051,041,2901,356,3051,282,099792,197793,408993,1892,397,8362,261,9032,482,8211,205,936919,3321,507,4001,206,4771,136,3951,700,4571,900,4661,685,7441,743,2782,642,4692,320,5542,123,8921,840,8291,701,5811,680,5521,356,3071,594,380728,754638,145559,940000479,694000707,705782,464857,8300
       Short-term Investments 
0
0
0
0
0
0
0
45,529
0
0
0
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
0
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
95,710,41497,041,866106,744,11592,570,35298,236,14295,083,28292,649,36883,036,39469,066,60790,947,12490,718,57184,352,35391,933,78885,547,42269,888,45868,799,67058,640,27250,719,26447,671,06244,575,06237,658,52341,048,62239,610,23240,346,03238,104,27338,127,97936,183,85030,943,21426,378,15022,930,83920,435,23819,606,79018,038,94717,516,60419,990,37320,555,12619,225,27018,890,06217,109,28817,526,65116,810,13015,932,49814,494,45614,172,20013,751,33713,276,8821,214,989993,6069,957,9189,391,7848,689,69507,117,3216,194,0866,234,95505,054,1154,929,1015,238,31504,329,35602,225,22101,873,8272,057,8132,511,83702,644,2461,911,5261,867,82501,432,05082,783165,565165,532248,508248,790166,287332,152000000045,5290000000
       Net Receivables 
0
14,452
5,211
1,084
0
0
0
0
0
0
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
230,047
201,016
274,174
305,510
269,485
197,257
327,405
399,718
402,511
361,801
568,011
768,138
873,137
891,183
1,774,275
1,942,200
2,614,149
2,416,859
2,491,142
2,661,949
4,251,297
3,682,936
3,403,854
3,259,524
3,619,725
4,446,185
3,863,986
4,569,249
4,288,500
5,070,886
4,494,715
4,706,696
4,169,358
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
6,492,1935,343,0286,091,5935,002,8725,208,0195,213,1515,277,3645,507,9885,422,3264,452,5045,056,6864,576,4454,948,9995,018,4145,289,5674,169,3584,706,6964,494,7155,070,8864,288,5004,569,2493,863,9864,446,1853,619,7253,259,5243,403,8543,682,9364,251,2972,661,9492,491,1422,416,8592,614,1491,942,2001,774,275891,183873,137768,138568,011361,801402,511399,718327,405197,257269,485305,510274,174201,016230,047231,167190,143181,098305,567188,714196,321143,079225,873117,490133,683113,018268,389219,904193,683114,380175,245137,789121,81676,254146,690117,67996,54961,80878,86075,15575,05363,86259,62091,62178,24377,3790000000000001,0845,21114,4520
       Other Current Assets 
0
60,898
104,752
60,154
0
0
0
2,291
0
0
0
22,443
14,291
8,064
24,669
15,185
0
9,002
0
7,977
0
0
0
1,696,672
0
0
0
2,733,325
0
0
0
1,678,129
0
2,554,536
0
4,822,587
0
0
0
5,975,378
0
0
0
8,252,651
0
0
0
9,786,379
0
0
0
26,188
0
0
0
39,181
0
0
0
45,450
0
0
0
114,198
0
0
0
87,237
0
0
30,140,825
233,365
10,477,928
8,706,250
9,653,790
306,631
10,495,218
9,030,422
15,770,885
117,975
160,688
9,365,627
9,891,740
108,757
10,087,608
9,739,441
11,149,245
126,386
10,433,550
10,407,057
9,215,798
5,448,284
5,051,010
5,352,876
6,483,086
6,483,0865,352,8765,051,0105,448,2849,215,79810,407,05710,433,550126,38611,149,2459,739,44110,087,608108,7579,891,7409,365,627160,688117,97515,770,8859,030,42210,495,218306,6319,653,7908,706,25010,477,928233,36530,140,8250087,237000114,19800045,45000039,18100026,1880009,786,3790008,252,6510005,975,3780004,822,58702,554,53601,678,1290002,733,3250001,696,6720007,97709,002015,18524,6698,06414,29122,4430002,29100060,154104,75260,8980
   > Long-term Assets 
0
58,954
85,117
84,539
0
0
0
47,937
0
0
0
29,834
33,674
36,344
54,445
53,937
60,811
70,895
83,254
83,690
94,661
105,260
125,397
127,683
145,888
184,727
209,493
244,522
236,456
1,011,240
250,130
249,366
246,725
228,904
328,844
372,114
451,361
866,675
918,111
830,907
816,315
902,520
912,498
959,767
960,510
1,003,072
958,718
970,745
1,358,354
1,370,707
1,448,387
1,409,283
1,031,255
1,037,647
1,608,114
1,748,567
2,138,200
2,417,641
2,280,574
2,622,149
2,441,608
3,704,288
3,987,402
6,748,506
7,143,397
8,816,060
9,789,632
8,112,156
8,669,269
7,582,572
7,672,133
9,083,655
10,392,534
13,025,816
17,038,235
18,252,208
19,792,465
19,756,878
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
44,009,57843,681,87042,694,15241,157,78641,115,64140,170,42140,174,51940,523,67038,844,73838,897,83834,975,31934,043,53930,966,50733,057,20728,432,67827,019,35923,277,79719,756,87819,792,46518,252,20817,038,23513,025,81610,392,5349,083,6557,672,1337,582,5728,669,2698,112,1569,789,6328,816,0607,143,3976,748,5063,987,4023,704,2882,441,6082,622,1492,280,5742,417,6412,138,2001,748,5671,608,1141,037,6471,031,2551,409,2831,448,3871,370,7071,358,354970,745958,7181,003,072960,510959,767912,498902,520816,315830,907918,111866,675451,361372,114328,844228,904246,725249,366250,1301,011,240236,456244,522209,493184,727145,888127,683125,397105,26094,66183,69083,25470,89560,81153,93754,44536,34433,67429,83400047,93700084,53985,11758,9540
       Property Plant Equipment 
0
25,697
30,997
44,152
0
0
0
36,363
0
0
0
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
815,026
816,801
816,242
814,110
872,113
863,690
936,334
1,024,763
1,281,225
1,327,327
1,636,218
1,817,592
2,092,046
2,010,962
2,061,630
2,162,822
2,419,510
2,686,001
2,981,909
3,356,472
3,769,326
4,261,599
4,873,181
5,305,776
5,378,560
5,432,244
5,477,572
4,708,165
4,621,712
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
7,582,3207,347,2046,617,9506,342,3306,165,1516,022,3655,842,1685,433,8584,956,8324,694,3544,651,5074,555,4064,439,2704,416,2475,072,9234,621,7124,708,1655,477,5725,432,2445,378,5605,305,7764,873,1814,261,5993,769,3263,356,4722,981,9092,686,0012,419,5102,162,8222,061,6302,010,9622,092,0461,817,5921,636,2181,327,3271,281,2251,024,763936,334863,690872,113814,110816,242816,801815,026806,665791,541814,897848,469756,165777,085765,933755,778692,174662,237562,351557,756531,139475,262260,053258,788219,507177,091178,780183,472198,914207,062221,504224,208195,007149,290133,976126,342124,056103,87890,05877,30375,17660,85848,58640,41730,01025,68227,06626,37300036,36300044,15230,99725,6970
       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
0
0
0
0
0
0
0
318,943
0
0
0
595,280
0
0
0
2,166,486
0
0
0
0002,166,486000595,280000318,94300000000000000000000000000000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
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
2,220,8402,681,8402,731,8402,973,8404,473,8404,473,8404,473,8405,823,8406,953,0007,100,0006,740,0006,630,0004,250,0006,823,39013,067,01711,653,8680000000000000000000000000000000000000000000000000000000000000000000000000000000
       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
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
11,529
11,464
11,400
11,335
11,271
11,206
11,141
40,414
77,648
77,248
79,372
116,613
238,878
421,552
595,033
591,960
588,887
585,815
582,742
596,458
593,279
590,101
586,951
3,520,608
3,502,569
3,549,448
3,550,517
3,303,913
3,707,179
7,147,122
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
4,109,7444,147,4684,122,4074,121,7674,134,5074,156,6744,149,9424,108,0904,112,7654,134,6074,156,4484,178,2574,200,0994,221,9407,147,1223,707,1793,303,9133,550,5173,549,4483,502,5693,520,608586,951590,101593,279596,458582,742585,815588,887591,960595,033421,552238,878116,61379,37277,24877,64840,41411,14111,20611,27111,33511,40011,46411,52911,59426,60843,67960,750133,927156,790139,799156,683173,940191,198208,268225,152242,376244,71739,96212,56312,733027,738026,968000000000000000000000000000000
       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
0
0
0
0
0
0
0
0
0
0
0
3,145,616
17,595,630
18,077,138
1,751,065
19,427,364
22,968,877
22,822,141
25,157,882
25,708,569
25,517,542
26,342,143
27,719,849
0
29,505,358
0
029,505,358027,719,84926,342,14325,517,54225,708,56925,157,88222,822,14122,968,87719,427,3641,751,06518,077,13817,595,6303,145,61600000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
0
74,663
90,664
153,367
0
0
0
119,785
0
0
0
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
6,862,877
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
67,433,720
62,683,741
54,365,286
57,620,529
63,415,096
63,201,898
63,887,505
65,704,826
49,639,893
47,629,830
47,629,83049,639,89365,704,82663,887,50563,201,89863,415,09657,620,52954,365,28662,683,74167,433,72063,325,73258,876,77858,637,86157,191,31554,845,67849,531,51641,771,69841,132,97142,859,06040,942,08335,861,74131,170,81828,710,96724,596,27520,782,77820,975,07120,875,61619,568,91914,408,88012,854,28312,090,11811,833,83110,096,5729,238,8646,785,0116,862,8776,152,5675,925,2915,486,4264,378,0674,097,7504,172,7164,221,2833,676,4702,630,3252,507,9832,514,3482,346,4672,291,4002,006,6981,904,5591,863,0241,688,0941,461,8251,322,9551,378,1251,088,055990,161828,279829,248899,8801,243,9281,357,3761,287,0261,290,6671,267,4221,256,8171,468,0401,302,8801,301,1121,320,4901,233,8921,314,9181,183,6061,169,7471,096,8951,077,7951,048,7751,023,049905,826912,01850,04944,88238,645000119,785000153,36790,66474,6630
   > Total Current Liabilities 
0
74,474
90,485
153,367
0
0
0
119,785
0
0
0
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
43,868,71742,338,97458,180,63456,828,84757,028,59057,444,68751,764,38750,501,32649,008,28554,341,72350,647,79446,743,49146,928,90945,195,48243,407,41338,243,01334,610,56933,932,65436,229,39735,109,01033,124,25929,620,71927,879,09523,750,11420,095,86820,189,44920,186,97619,534,99814,361,39312,811,33112,002,60111,667,4239,894,5029,044,6026,594,3776,756,4476,064,9735,851,2025,414,3294,233,1843,981,5084,084,0334,155,1693,576,5022,537,9142,433,4722,462,2672,282,5772,258,1071,978,1501,874,6511,828,2271,662,7261,450,3611,322,7551,377,9251,087,855989,961828,079829,048899,6781,233,7341,347,1741,276,8261,280,462581,576560,515676,408501,940490,347507,043415,479494,126344,147330,180257,495238,238209,322183,87077,78083,88649,73244,88238,645000119,785000153,36790,48574,4740
       Short-term Debt 
0
42,900
62,637
112,464
0
0
0
84,015
0
0
0
10,396
12,742
0
0
0
16,563
19,934
23,718
0
18,725
20,699
22,058
0
24,659
32,887
67,454
0
27,684
22,747
665,120
641,779
617,035
434,850
56,346
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,003,024
988,592
983,680
975,504
1,784,109
2,061,188
2,061,088
2,049,865
1,228,341
2,139,760
2,226,455
2,272,760
2,261,420
2,320,920
3,005,010
3,815,691
4,483,442
5,377,687
5,732,593
6,623,502
9,516,159
12,725,741
13,645,930
13,658,554
14,134,554
13,553,805
15,494,839
16,828,226
19,862,606
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
11,221,19411,881,62327,392,77123,875,70425,445,61728,027,12522,679,51919,352,31319,614,14327,188,19821,827,01719,504,69622,247,52321,932,60319,862,60616,828,22615,494,83913,553,80514,134,55413,658,55413,645,93012,725,7419,516,1596,623,5025,732,5935,377,6874,483,4423,815,6913,005,0102,320,9202,261,4202,272,7602,226,4552,139,7601,228,3412,049,8652,061,0882,061,1881,784,109975,504983,680988,5921,003,0240000000000000000056,346434,850617,035641,779665,12022,74727,684067,45432,88724,659022,05820,69918,725023,71819,93416,56300012,74210,39600084,015000112,46462,63742,9000
       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
0
0
0
0
0
0
0
0
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
11,221,19411,881,62327,392,77123,875,70425,445,61728,027,12522,679,51919,352,31319,614,14327,188,19821,827,01719,504,69622,247,52321,932,60319,624,53516,828,2260000000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
22,693
3,885
9,985
0
0
0
13,119
0
0
0
3,814
3,815
16,741
14,212
10,740
22,681
19,795
18,822
19,344
41,758
38,841
129,187
28,849
99,841
59,016
35,860
105,555
70,827
103,815
88,801
89,144
87,207
106,224
161,381
119,830
100,517
224,255
173,019
238,435
131,414
103,332
95,612
130,558
107,854
123,366
127,466
134,217
142,554
104,062
124,223
157,764
121,921
162,844
163,445
219,259
210,919
255,499
272,366
410,722
366,179
366,466
514,962
700,600
924,746
725,593
762,187
1,396,187
1,579,173
1,898,547
2,068,879
2,442,531
2,365,787
2,308,212
2,574,525
2,384,818
2,949,296
2,609,491
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
863,331740,607831,1181,507,141867,298942,070924,572985,0591,098,916889,7221,070,9651,134,413997,099853,7451,197,0071,212,3031,219,4132,609,4912,949,2962,384,8182,574,5252,308,2122,365,7872,442,5312,068,8791,898,5471,579,1731,396,187762,187725,593924,746700,600514,962366,466366,179410,722272,366255,499210,919219,259163,445162,844121,921157,764124,223104,062142,554134,217127,466123,366107,854130,55895,612103,332131,414238,435173,019224,255100,517119,830161,381106,22487,20789,14488,801103,81570,827105,55535,86059,01699,84128,849129,18738,84141,75819,34418,82219,79522,68110,74014,21216,7413,8153,81400013,1190009,9853,88522,6930
       Other Current Liabilities 
0
8,882
23,962
29,112
0
0
0
22,651
0
0
0
34,667
41,058
32,992
69,675
67,040
81,501
88,034
86,992
103,254
120,299
125,818
133,675
154,959
159,468
160,454
161,715
185,133
148,425
148,236
157,322
381,873
247,310
286,944
290,758
261,492
272,789
340,335
348,326
491,422
534,726
680,795
800,460
781,410
901,738
929,756
1,112,791
1,134,287
1,234,263
1,190,098
1,257,137
2,258,720
3,637,306
3,423,206
3,028,998
3,114,770
3,634,418
3,684,734
3,962,598
4,656,160
5,614,670
5,459,440
6,084,694
8,084,626
8,467,556
9,660,656
10,135,126
13,583,764
14,333,854
13,600,504
12,256,798
16,892,224
17,811,410
16,462,788
19,072,298
22,224,766
21,591,200
20,412,872
19,400,500
11,600,257
10,432,741
26,066,450
26,615,696
30,318,478
32,127,462
29,798,294
29,449,050
36,062,422
16,109,334
16,158,729
16,813,793
18,927,112
16,958,952
16,772,900
17,595,600
17,595,60016,772,90016,958,95218,927,11216,813,79316,158,72916,109,33436,062,42229,449,05029,798,29432,127,46230,318,47826,615,69626,066,45010,432,74111,600,25719,400,50020,412,87221,591,20022,224,76619,072,29816,462,78817,811,41016,892,22412,256,79813,600,50414,333,85413,583,76410,135,1269,660,6568,467,5568,084,6266,084,6945,459,4405,614,6704,656,1603,962,5983,684,7343,634,4183,114,7703,028,9983,423,2063,637,3062,258,7201,257,1371,190,0981,234,2631,134,2871,112,791929,756901,738781,410800,460680,795534,726491,422348,326340,335272,789261,492290,758286,944247,310381,873157,322148,236148,425185,133161,715160,454159,468154,959133,675125,818120,299103,25486,99288,03481,50167,04069,67532,99241,05834,66700022,65100029,11223,9628,8820
   > Long-term Liabilities 
0
189
180
0
0
0
0
0
0
0
0
0
0
316
828,131
828,046
839,179
839,454
839,557
839,400
839,567
839,459
820,792
818,413
813,447
810,765
800,940
791,631
696,302
685,846
10,204
10,200
10,202
10,194
202
200
200
200
200
200
200
11,464
25,368
34,797
29,908
28,548
33,293
63,890
52,081
74,511
92,411
99,968
66,114
88,683
116,242
144,883
72,097
74,089
87,594
106,430
190,634
194,262
202,070
166,408
87,517
42,952
47,487
33,921
688,640
785,622
686,910
846,161
831,872
1,550,099
2,737,482
5,833,073
6,629,663
7,200,317
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
3,761,1137,300,9197,524,1927,058,6586,173,3085,970,4095,856,1423,863,96013,675,45613,091,99712,677,93812,133,28711,708,95211,995,83311,438,26511,288,5037,161,1297,200,3176,629,6635,833,0732,737,4821,550,099831,872846,161686,910785,622688,64033,92147,48742,95287,517166,408202,070194,262190,634106,43087,59474,08972,097144,883116,24288,68366,11499,96892,41174,51152,08163,89033,29328,54829,90834,79725,36811,46420020020020020020020210,19410,20210,20010,204685,846696,302791,631800,940810,765813,447818,413820,792839,459839,567839,400839,557839,454839,179828,046828,13131600000000001801890
       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
0
0
0
0
0
0
0
0
0
0
769,962
1,457,170
1,047,971
862,285
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
03,347,25503,403,6942,480,0542,472,1302,535,2881,345,8741,582,5581,266,791997,222862,2851,047,9711,457,170769,96200000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
0
917,470
886,880
839,368
0
0
0
555,129
0
0
0
580,889
651,824
736,171
786,497
881,179
994,511
1,106,175
1,216,071
1,353,246
1,520,557
1,770,729
2,112,988
2,391,093
2,728,855
2,665,702
2,895,970
2,905,668
3,154,426
2,936,099
3,015,809
3,398,426
3,612,239
4,236,753
5,059,093
5,516,436
5,946,688
6,458,587
6,858,394
7,438,777
7,885,515
8,407,975
9,018,030
9,740,811
10,557,202
11,355,168
12,217,195
13,126,701
14,164,494
15,066,675
15,894,736
15,680,605
16,757,139
17,893,073
18,974,716
20,245,168
20,404,104
21,396,995
22,325,462
23,491,794
24,607,024
25,738,605
27,034,098
29,240,083
31,023,981
32,722,886
35,003,190
38,191,081
41,619,953
43,538,025
45,015,752
45,732,007
44,488,422
43,611,502
43,375,843
45,231,636
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
119,978,728114,264,783108,642,145104,731,317105,364,713100,830,81797,671,52195,328,08083,780,06586,136,04485,706,49582,126,79885,246,78785,804,78362,597,34661,453,69963,381,11050,951,33847,768,21845,231,63643,375,84343,611,50244,488,42245,732,00745,015,75243,538,02541,619,95338,191,08135,003,19032,722,88631,023,98129,240,08327,034,09825,738,60524,607,02423,491,79422,325,46221,396,99520,404,10420,245,16818,974,71617,893,07316,757,13915,680,60515,894,73615,066,67514,164,49413,126,70112,217,19511,355,16810,557,2029,740,8119,018,0308,407,9757,885,5157,438,7776,858,3946,458,5875,946,6885,516,4365,059,0934,236,7533,612,2393,398,4263,015,8092,936,0993,154,4262,905,6682,895,9702,665,7022,728,8552,391,0932,112,9881,770,7291,520,5571,353,2461,216,0711,106,175994,511881,179786,497736,171651,824580,889000555,129000839,368886,880917,4700
   Common Stock
0
2,492
2,490
2,489
0
0
0
2,504
0
0
0
2,566
2,580
2,604
2,588
2,590
2,602
2,621
2,623
2,635
2,649
2,668
2,700
2,700
2,713
2,717
2,683
2,646
0
0
0
2,526
0
0
0
2,642
0
0
0
2,664
0
0
0
2,673
0
0
0
2,687
0
0
0
2,696
0
0
0
2,663
0
0
0
2,674
0
0
0
2,685
0
0
0
2,676
0
0
0
2,678
0
0
0
2,620
0
0
0
2,640
2,654
85,804,783
85,246,787
2,794
85,706,495
86,136,044
83,780,065
2,794
97,671,521
100,830,817
105,364,713
2,710
0
114,264,783
0
0114,264,78302,710105,364,713100,830,81797,671,5212,79483,780,06586,136,04485,706,4952,79485,246,78785,804,7832,6542,6400002,6200002,6780002,6760002,6850002,6740002,6630002,6960002,6870002,6730002,6640002,6420002,5260002,6462,6832,7172,7132,7002,7002,6682,6492,6352,6232,6212,6022,5902,5882,6042,5802,5660002,5040002,4892,4902,4920
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
-54,169
-50,634
-44,041
0
0
0
-38,235
0
0
0
-33,352
-33,130
-33,102
32
33,847
33,860
33,876
33,889
91,079
91,111
91,111
91,093
135,450
135,513
135,258
135,124
163,118
3,154,426
2,936,099
3,015,809
170,062
3,612,239
4,236,753
5,059,093
195,872
0
0
0
225,784
0
0
0
321,968
0
0
0
472,586
0
0
0
634,108
0
0
0
878,466
0
0
0
937,282
0
0
0
1,038,369
0
0
0
1,221,640
0
0
0
1,242,809
0
0
0
1,231,628
0
0
0
1,143,763
1,284,664
0
0
577,991
0
0
0
417,060
0
0
0
1,710,452
0
0
0
0001,710,452000417,060000577,991001,284,6641,143,7630001,231,6280001,242,8090001,221,6400001,038,369000937,282000878,466000634,108000472,586000321,968000225,784000195,8725,059,0934,236,7533,612,239170,0623,015,8092,936,0993,154,426163,118135,124135,258135,513135,45091,09391,11191,11191,07933,88933,87633,86033,84732-33,102-33,130-33,352000-38,235000-44,041-50,634-54,1690
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
1,071,920
1,079,242
1,075,205
0
0
0
1,045,077
0
0
0
1,049,408
1,051,327
1,059,820
992,945
993,429
1,002,804
1,016,125
1,016,925
1,023,954
1,037,264
1,044,570
1,128,301
1,129,733
1,173,094
796,497
714,139
401,796
0
0
0
0
0
0
0
578,845
0
0
0
784,489
0
0
0
850,724
0
0
0
1,002,336
0
0
0
734,192
0
0
0
854,878
0
0
0
1,327,865
0
0
0
1,779,331
0
0
0
1,637,953
0
0
0
1,753,439
0
0
0
0
0
0
0
3,913,656
-16,186,968
75,266,120
0
17,383,324
0
0
0
17,413,751
0
0
0
11,943,480
0
0
0
00011,943,48000017,413,75100017,383,324075,266,120-16,186,9683,913,65600000001,753,4390001,637,9530001,779,3310001,327,865000854,878000734,1920001,002,336000850,724000784,489000578,8450000000401,796714,139796,4971,173,0941,129,7331,128,3011,044,5701,037,2641,023,9541,016,9251,016,1251,002,804993,429992,9451,059,8201,051,3271,049,4080001,045,0770001,075,2051,079,2421,071,9200



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 14.3% 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 (14.3%) Bearish trend (-14.3%)
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: 20.40 < 22.63 < 23.19.

The bearish price targets are: 20.18 > 20.18 > 18.67.

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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 8/14.
The longshort score for the Moving Averages is 2/(-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 below 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 0.00703199.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-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 above the zero line (centerline), it indicates a bullish signal for Netease. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Netease price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +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 15.08.

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

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Netease shares, leading to potential upward 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 22.59.

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 43.93. 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 -99.60410833.

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 -22.41146465.

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 -100.

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 0.80939027.

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 -934,779.

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 66.00.

The long score for the Money Flow Index (MFI) is 1/2.
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
2023-11-06CCI 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).
2023-11-08STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-09CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-10STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-13STOCH 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
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-21BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01DMI 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.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-04CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-05STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-19CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-26RSI 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).
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-02MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-17SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-18WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line 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).
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01STOCH 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).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06STOCH 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
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-16STOCH 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
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27STOCH 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).
2024-02-28BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-05MACD 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
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-18CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
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
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-20DMI 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.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
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).
2024-03-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.

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 than5043.927
Ma 20Greater thanMa 5021.131
Ma 50Greater thanMa 10020.566
Ma 100Greater thanMa 20020.517
OpenGreater thanClose21.062
Total4/5 (80.0%)
Penke

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