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	Jul '26 Jul 23, 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	24,062	40,464	24,712	19,232	16,423	32,618
Market Cap Growth	-59.85%	63.74%	28.49%	17.11%	-49.65%	-
Enterprise Value	10,520	28,382	15,276	9,656	7,377	44,716
Last Close Price	114.40	186.00	114.20	89.75	77.50	157.00
PE Ratio	7.99	13.23	14.87	23.78	-	-
Forward PE	9.75	14.53	15.25	18.49	-	-
PS Ratio	2.79	4.69	2.92	2.22	1.62	3.80
PB Ratio	1.68	2.83	2.28	2.07	1.86	3.60
P/TBV Ratio	1.68	2.83	2.28	2.07	1.86	3.60
P/FCF Ratio	13.46	22.63	13.11	95.13	8.00	-
P/OCF Ratio	13.36	22.47	13.09	92.34	7.88	-
PEG Ratio	-	0.84	-	-	-	-
EV/Sales Ratio	1.22	3.29	1.81	1.11	0.73	5.21
EV/EBITDA Ratio	5.82	15.72	12.45	25.14	-	-
EV/EBIT Ratio	5.87	15.83	12.61	26.38	-	-
EV/FCF Ratio	5.88	15.87	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	0.00	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	-7.50	-7.50	-8.86	-27.24	25.55	4.95
Net Debt / FCF Ratio	-7.57	-7.57	-5.77	-51.76	-5.01	6.98
Asset Turnover	0.52	0.52	0.63	0.70	0.89	0.80
Quick Ratio	3.85	3.85	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%	-	-	-	-40.59%
Return on Capital Employed (ROCE)	12.40%	12.40%	11.10%	3.90%	-4.80%	-18.20%
Earnings Yield	12.71%	7.56%	6.72%	4.21%	-1.52%	-7.74%
FCF Yield	7.43%	4.42%	7.63%	1.05%	12.51%	-3.57%
Buyback Yield / Dilution	-1.18%	-1.18%	0.36%	-1.36%	-61.80%	-5.98%