NETEASE INC. O.N. (4Y01) - Net Assets
Based on the latest financial reports, NETEASE INC. O.N. (4Y01) has net assets worth €165.10 Billion EUR (≈ $193.02 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€221.42 Billion ≈ $258.86 Billion USD) and total liabilities (€56.31 Billion ≈ $65.83 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash flow conversion of NETEASE INC. O.N. to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €165.10 Billion |
| % of Total Assets | 74.57% |
| Annual Growth Rate | 13.52% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 3.31 |
NETEASE INC. O.N. - Net Assets Trend (2021–2025)
This chart illustrates how NETEASE INC. O.N.'s net assets have evolved over time, based on quarterly financial data. Explore 4Y01 long-term investments to assets to see how much of total assets are deployed in long-term investments.
Annual Net Assets for NETEASE INC. O.N. (2021–2025)
The table below shows the annual net assets of NETEASE INC. O.N. from 2021 to 2025. For live valuation and market cap data, see how much is NETEASE INC. O.N. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €165.10 Billion ≈ $193.02 Billion |
+15.87% |
| 2024-12-31 | €142.49 Billion ≈ $166.59 Billion |
+11.25% |
| 2023-12-31 | €128.08 Billion ≈ $149.74 Billion |
+17.64% |
| 2022-12-31 | €108.87 Billion ≈ $127.28 Billion |
+9.50% |
| 2021-12-31 | €99.42 Billion ≈ $116.24 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to NETEASE INC. O.N.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 93.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €149.75 Billion | 93.42% |
| Other Components | €10.54 Billion | 6.58% |
| Total Equity | €160.30 Billion | 100.00% |
NETEASE INC. O.N. Competitors by Market Cap
The table below lists competitors of NETEASE INC. O.N. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Elevance Health Inc
NYSE:ELV
|
$63.54 Billion |
|
ENGIE ADR/1 EO 1
F:GZFB
|
$63.66 Billion |
|
Macquarie Group Ltd
AU:MQG
|
$63.70 Billion |
|
Lloyds Banking Group plc
F:LLD2
|
$63.81 Billion |
|
Baker Hughes Co
NASDAQ:BKR
|
$62.70 Billion |
|
Bajaj Finance Limited
NSE:BAJFINANCE
|
$62.60 Billion |
|
Wesfarmers Ltd
AU:WES
|
$62.30 Billion |
|
Air Products and Chemicals Inc
NYSE:APD
|
$62.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NETEASE INC. O.N.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 138,685,606,000 to 160,296,119,000, a change of 21,610,513,000 (15.6%).
- Net income of 33,759,800,000 contributed positively to equity growth.
- Dividend payments of 13,825,681,000 reduced retained earnings.
- Share repurchases of 639,335,000 reduced equity.
- Other factors increased equity by 2,315,729,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €33.76 Billion | +21.06% |
| Dividends Paid | €13.83 Billion | -8.63% |
| Share Repurchases | €639.34 Million | -0.4% |
| Other Changes | €2.32 Billion | +1.44% |
| Total Change | €- | 15.58% |
Book Value vs Market Value Analysis
This analysis compares NETEASE INC. O.N.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.42x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.72x to 0.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €29.12 | €20.91 | x |
| 2022-12-31 | €32.49 | €20.91 | x |
| 2023-12-31 | €38.71 | €20.91 | x |
| 2024-12-31 | €43.78 | €20.91 | x |
| 2025-12-31 | €50.22 | €20.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NETEASE INC. O.N. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.06%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.98%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.38x
- Recent ROE (21.06%) is below the historical average (21.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 19.42% | 21.08% | 0.56x | 1.65x | €9.86 Billion |
| 2023 | 23.67% | 28.43% | 0.56x | 1.50x | €16.99 Billion |
| 2024 | 21.41% | 28.20% | 0.54x | 1.41x | €15.83 Billion |
| 2025 | 21.06% | 29.98% | 0.51x | 1.38x | €17.73 Billion |
Industry Comparison
This section compares NETEASE INC. O.N.'s net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $2,764,408,315
- Average return on equity (ROE) among peers: -12.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NETEASE INC. O.N. (4Y01) | €165.10 Billion | 19.42% | 0.34x | $62.70 Billion |
| IDREAMSKY TE+H. DL-0001 (08IA) | $4.21 Billion | -3.74% | 0.57x | $88.78 Million |
| OURGAME INT.HOL.DL-00005 (13O) | $666.22 Million | -4.44% | 0.16x | $16.17 Million |
| CREATIVEF. G.S.A-K ZY-23 (19F) | $5.66 Million | -31.06% | 0.08x | $1.02 Million |
| Boyaa Interactive International Limited (1BY) | $2.27 Billion | 8.90% | 0.12x | $218.19 Million |
| STILLFRONT GRP AB SK-07 (1YS0) | $13.85 Billion | 0.05% | 0.63x | $192.76 Million |
| 5TH PLANET GAMES DK -50 (2HG1) | $23.46 Million | -69.28% | 0.21x | $40.05 Million |
| MOVIE GAMES S.A. ZY1 (2LH) | $33.24 Million | 25.29% | 0.18x | $4.33 Million |
| NetDragon Websoft Holdings Limited (3ND) | $3.83 Billion | -5.30% | 0.25x | $555.49 Million |
| BAKED GAMES SA ZY-10 (4U6) | $2.54 Million | -31.60% | 0.13x | $1.44 Million |
About NETEASE INC. O.N.
NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally. The company operates through Games and Related Value-Added Services; Youdao; NetEase Cloud Music; and Innovative Businesses and Others segments. It develops and operates mobile and PC games; and offers games licensed from other develo… Read more