Discounted Cash Flow
Netease, Inc. ADR
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $5.5b | $247.4m | $305.9m | 4.5% | $0.51 |
| 2017 | $8.3b (51.2%) | $243.6m (-1.5%) | $228.5m (-25.3%) | 2.9% (-34.9%) | $0.50 (-2.0%) |
| 2018 | $9.8b (17.5%) | $132.4m (-45.6%) | $234.4m (2.6%) | 1.4% (-53.7%) | $0.28 (-44.0%) |
| 2019 | $8.5b (-12.9%) | $282.2m (113.1%) | $340.3m (45.2%) | 3.3% (144.6%) | $0.95 (239.3%) |
| 2020 | $11.3b (32.7%) | $273.6m (-3.0%) | $540.6m (58.9%) | 2.4% (-26.9%) | $0.56 (-41.1%) |
| 2021 | $13.7b (21.8%) | $391.5m (43.1%) | $541.7m (0.2%) | 2.8% (17.5%) | $0.80 (42.9%) |
| 2022 | $14.0b (1.8%) | $423.0m (8.0%) | $4.1b (648.7%) | 3.0% (6.2%) | $0.90 (12.5%) |
| 2023 | $14.6b (4.2%) | $613.2m (45.0%) | $5.2b (27.7%) | 4.2% (39.2%) | $1.29 (43.3%) |
| 2024 | $14.4b (-1.0%) | $602.1m (-1.8%) | $5.8b (12.8%) | 4.2% (-0.8%) | $1.27 (-1.6%) |
| 2025 | $16.1b (11.6%) | $714.5m (18.7%) | $714.5m (-87.8%) | 4.4% (6.3%) | $1.52 (19.7%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in CNY. Values above are converted to USD for comparison with the US-listed share price.
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.