NTES (NTES)

Financial Metrics & Valuation Analysis

Enterprise Valuation (TTM)

Enterprise Value$532.16B
EV / Sales4.65
EV / EBITDA12.11
EV / Operating Cash Flow10.18
EV / Free Cash Flow10.52

Return Metrics (TTM)

Return on Equity (ROE)21.64%
Return on Assets (ROA)14.75%
Return on Invested Capital (ROIC)17.30%
Return on Capital Employed (ROCE)21.87%

Yield Metrics

Earnings Yield5.97%
Free Cash Flow Yield8.84%

Balance Sheet Strength

Net Debt / EBITDA-0.91
Current Ratio3.28
Working Capital$131.22B
Tangible Asset Value$165.33B
Net Current Asset Value$126.61B

Working Capital Efficiency

Days Sales Outstanding20.72
Days Payables Outstanding7.26
Operating Cycle (Days)25.80
Cash Conversion Cycle18.53

Capital Allocation

CapEx / Revenue1.50%
CapEx / Operating Cash Flow3.29%
R&D / Revenue15.57%
SG&A / Revenue16.85%

Fiscal Year 2025 Ratios

Audited annual results as of 2025-12-31

Margins

Gross Profit Margin64.29%
Operating Margin31.82%
Net Profit Margin29.98%

Solvency

Debt / Equity0.04
Quick Ratio3.44
Cash Ratio0.98

Per Share

Revenue / Share$176.43
FCF / Share$75.70
PE Ratio18.19