Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

NetEase, Inc. (9999.HK)

Company Dividend Discount ModelIndustry: Electronic Gaming & MultimediaSector: Technology

Valuation Snapshot

Stable Growth$707.34 - $2,246.13$2,104.95
Multi-Stage$299.61 - $327.83$313.46
Blended Fair Value$1,209.21
Current Price$192.47
Upside528.26%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.78%18.87%3.482.492.091.091.332.750.451.010.790.46
YoY Growth--39.32%19.19%91.65%-18.04%-51.58%513.85%-55.79%27.94%73.45%-25.97%
Dividend Yield--2.36%1.78%1.73%0.94%1.00%2.32%0.40%0.98%0.69%0.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)36,284.32
(-) Cash Dividends Paid (M)13,232.99
(=) Cash Retained (M)23,051.33
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,256.864,535.542,721.32
Cash Retained (M)23,051.3323,051.3323,051.33
(-) Cash Required (M)-7,256.86-4,535.54-2,721.32
(=) Excess Retained (M)15,794.4718,515.7920,330.01
(/) Shares Outstanding (M)3,212.663,212.663,212.66
(=) Excess Retained per Share4.925.766.33
LTM Dividend per Share4.124.124.12
(+) Excess Retained per Share4.925.766.33
(=) Adjusted Dividend9.049.8810.45
WACC / Discount Rate6.85%6.85%6.85%
Growth Rate5.50%6.50%7.50%
Fair Value$707.34$2,104.95$2,246.13
Upside / Downside267.51%993.65%1,067.00%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)36,284.3238,642.8041,154.5943,829.6346,678.5649,712.6751,204.05
Payout Ratio36.47%47.18%57.88%68.59%79.29%90.00%92.50%
Projected Dividends (M)13,232.9918,230.2123,821.1630,061.9237,013.3244,741.4047,363.74

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.85%6.85%6.85%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)16,901.6717,061.8817,222.08
Year 2 PV (M)20,475.7120,865.7121,259.40
Year 3 PV (M)23,956.9024,644.6225,345.37
Year 4 PV (M)27,347.0228,398.7129,480.44
Year 5 PV (M)30,647.8132,128.1133,665.07
PV of Terminal Value (M)843,224.45883,952.50926,239.32
Equity Value (M)962,553.561,007,051.531,053,211.68
Shares Outstanding (M)3,212.663,212.663,212.66
Fair Value$299.61$313.46$327.83
Upside / Downside55.67%62.86%70.33%

High-Yield Dividend Screener

« Prev Page 7 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PLYMPlymouth Industrial REIT, Inc.4.80%$1.0549.94%
SAFTSafety Insurance Group, Inc.4.80%$3.6361.47%
CETCentral Securities Corp.4.79%$2.4313.87%
GBLIGlobal Indemnity Group, LLC4.79%$1.3870.11%
JANIXJanus Henderson Triton Fund Class D4.79%$1.2767.95%
MITNAG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 20294.77%$1.2175.90%
PRUPrudential Financial, Inc.4.77%$5.4373.37%
IFAFXThe Income Fund of America, Class F-1 Shares4.76%$1.2433.91%
AMECXAmerican Funds The Income Fund of America Class A4.74%$1.2433.91%
UMPQUmpqua Holdings Corporation4.74%$0.8454.13%
NFBKNorthfield Bancorp, Inc.4.73%$0.5454.01%
SBSISouthside Bancshares, Inc.4.72%$1.4462.24%
TNLTravel + Leisure Co.4.72%$3.4054.99%
AIRCApartment Income REIT Corp.4.68%$1.8341.27%
SONSonoco Products Company4.68%$2.0832.95%
OFLXOmega Flex, Inc.4.67%$1.3685.30%
FTAIOFTAI Aviation Ltd.4.65%$1.1825.22%
WDWalker & Dunlop, Inc.4.65%$2.7379.29%
0J2Z.LHA Sustainable Infrastructure Capital, Inc.4.63%$1.4766.70%
FLMNFalcon Minerals Corporation4.63%$0.3681.83%
GSRMGSR II Meteora Acquisition Corp.4.62%$0.1532.94%
FBFWXAmerican Funds Retirement Income Portfolio - Moderate Class F-14.61%$0.6379.77%
GPSThe Gap, Inc.4.61%$0.9341.48%
QUADQuad/Graphics, Inc.4.61%$0.2764.56%
BMYBristol-Myers Squibb Company4.59%$2.4582.81%
WTBAWest Bancorporation, Inc.4.56%$0.9952.39%
SCPLSciPlay Corporation4.55%$1.0417.40%
OLPOne Liberty Properties, Inc.4.53%$0.9257.61%
RWAYLRunway Growth Finance Corp. - 74.53%$1.1475.51%
INSWInternational Seaways, Inc.4.52%$2.1248.43%
RWAYZRunway Growth Finance Corp. 8.00% Notes due 20274.52%$1.1475.51%
DDominion Energy, Inc.4.48%$2.6597.13%
TGTTarget Corporation4.48%$4.5054.48%
COLBColumbia Banking System, Inc.4.47%$1.2662.95%
DFPAXBNY Mellon Diversified International Fund Class A4.46%$0.4556.12%
KEYKeyCorp4.46%$0.9495.81%
RPTIXT. Rowe Price Mid-Cap Growth Fund4.46%$4.3859.54%
CGBDCarlyle Secured Lending, Inc.4.45%$0.5655.08%
NEWTPNewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B4.44%$1.0244.14%
PFCPremier Financial Corp.4.43%$1.2468.07%
BFCBank First Corporation4.40%$5.3073.82%
DUKDuke Energy Corporation4.40%$5.1780.55%
0L77.LSkyworks Solutions, Inc.4.37%$2.7990.67%
ESCAEscalade, Incorporated4.35%$0.6065.28%
DINOHF Sinclair Corporation4.34%$2.0396.43%
LBAILakeland Bancorp, Inc.4.34%$0.5844.96%
CVXChevron Corporation4.32%$6.7495.36%
CVBFCVB Financial Corp.4.31%$0.8154.32%
HTBKHeritage Commerce Corp4.30%$0.5273.66%
EQREquity Residential4.28%$2.6689.76%