NetEase Cloud Music Ratios and Metrics

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 9, 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	26,745	40,464	24,712	19,232	16,423	32,618
Market Cap Growth	-21.90%	63.74%	28.49%	17.11%	-49.65%	-
Enterprise Value	13,204	28,382	15,276	9,656	7,377	44,716
Last Close Price	124.90	186.00	114.20	89.75	77.50	157.00
PE Ratio	8.72	13.23	14.87	23.78	-	-
Forward PE	10.80	14.53	15.25	18.49	-	-
PS Ratio	3.10	4.69	2.92	2.22	1.62	3.80
PB Ratio	1.87	2.83	2.28	2.07	1.86	3.60
P/TBV Ratio	1.87	2.83	2.28	2.07	1.86	3.60
P/FCF Ratio	-	-	13.11	95.13	8.00	-
P/OCF Ratio	-	-	13.09	92.34	7.88	-
EV/Sales Ratio	1.53	3.29	1.81	1.11	0.73	5.21
EV/EBITDA Ratio	7.30	15.68	12.45	25.14	-	-
EV/EBIT Ratio	7.36	15.83	12.61	26.38	-	-
EV/FCF Ratio	-	-	8.11	47.76	3.59	-
Debt / Equity Ratio	0	0	0.00	0.00	0.00	0.00
Debt / EBITDA Ratio	0.00	0.00	0.01	0.02	-	-
Debt / FCF Ratio	-	-	0.00	0.04	0.01	-
Net Debt / Equity Ratio	-0.95	-0.95	-1.00	-1.12	-1.16	-0.90
Net Debt / EBITDA Ratio	-7.48	-7.48	-8.86	-27.24	25.55	4.95
Net Debt / FCF Ratio	-	-	-5.77	-51.76	-5.01	6.98
Asset Turnover	0.52	0.52	0.63	0.70	0.89	0.80
Quick Ratio	3.81	3.81	3.48	3.43	3.28	3.88
Current Ratio	4.04	4.04	3.61	3.65	3.48	4.50
Return on Equity (ROE)	23.82%	23.82%	16.81%	9.03%	-2.91%	-198.19%
Return on Assets (ROA)	6.70%	6.70%	5.65%	1.85%	-2.33%	-9.68%
Return on Invested Capital (ROIC)	230.01%	483.78%	-	-	-	-147.48%
Return on Capital Employed (ROCE)	12.40%	12.40%	11.10%	3.90%	-4.80%	-18.20%
Earnings Yield	11.43%	7.56%	6.72%	4.21%	-1.52%	-7.74%
FCF Yield	-	-	7.63%	1.05%	12.51%	-3.57%
Buyback Yield / Dilution	-1.18%	-1.18%	0.36%	-1.36%	-61.80%	-5.98%

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