NetEase Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 18, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	389,817	481,096	349,114	273,001	240,763	366,015
Market Cap Growth	4.79%	37.80%	27.88%	13.39%	-34.22%	7.15%
Enterprise Value	276,144	375,087	252,641	209,531	178,703	315,690
Last Close Price	60.72	76.42	53.22	40.96	35.68	-
PE Ratio	14.66	18.10	13.87	13.56	15.45	24.76
PS Ratio	4.40	5.42	3.91	3.86	3.26	4.76
PB Ratio	3.00	3.70	2.89	3.12	2.89	4.20
P/TBV Ratio	3.17	3.91	3.14	3.43	3.26	4.74
P/FCF Ratio	9.97	12.30	10.73	12.08	12.27	17.89
P/OCF Ratio	9.76	12.04	10.38	11.29	11.34	16.74
EV/Sales Ratio	3.27	4.23	2.83	2.96	2.42	4.11
EV/EBITDA Ratio	9.66	12.51	9.32	9.95	10.37	18.28
EV/EBIT Ratio	10.26	13.29	10.08	11.05	11.88	21.92
EV/FCF Ratio	7.06	9.59	7.76	9.27	9.10	15.43
Debt / Equity Ratio	0.04	0.04	0.09	0.16	0.26	0.22
Debt / EBITDA Ratio	0.17	0.17	0.40	0.66	1.24	1.08
Debt / FCF Ratio	0.13	0.13	0.33	0.62	1.11	0.93
Net Debt / Equity Ratio	-0.95	-0.95	-0.88	-0.83	-0.82	-0.76
Net Debt / EBITDA Ratio	-4.10	-4.10	-3.90	-3.46	-3.96	-3.86
Net Debt / FCF Ratio	-3.14	-3.14	-3.25	-3.22	-3.48	-3.25
Asset Turnover	0.54	0.54	0.55	0.58	0.59	0.59
Inventory Turnover	63.81	63.81	62.34	47.84	44.66	52.22
Quick Ratio	3.21	3.21	2.94	2.53	2.18	2.07
Current Ratio	3.45	3.45	3.09	2.65	2.32	2.24
Return on Equity (ROE)	22.63%	22.63%	22.36%	24.78%	18.45%	17.57%
Return on Assets (ROA)	10.73%	10.73%	9.68%	9.66%	7.52%	6.94%
Return on Invested Capital (ROIC)	217.63%	230.35%	127.20%	114.91%	71.84%	59.93%
Return on Capital Employed (ROCE)	21.20%	21.20%	20.20%	21.00%	16.90%	15.90%
Earnings Yield	6.82%	5.53%	7.21%	7.37%	6.48%	4.04%
FCF Yield	10.03%	8.13%	9.32%	8.28%	8.15%	5.59%
Dividend Yield	2.42%	4.29%	6.01%	6.08%	4.11%	-
Payout Ratio	40.95%	40.95%	37.60%	27.24%	33.06%	20.81%
Buyback Yield / Dilution	0.39%	0.39%	0.66%	1.33%	2.12%	-0.53%
Total Shareholder Return	2.80%	4.67%	6.67%	7.41%	6.23%	-0.53%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.