HEPS vs NTES Stock Comparison

D-MARKET Electronic Services & Trading and NetEase Prices as of Oct 26, 2026 Peers: Industry group
NTES NetEase, Inc.
$118.32 +2.5% 1M -19.4% 1Y
Market cap
$75.54B
P/E
16.9x
Revenue (TTM)
$16.70B
Div. yield
2.48%
Video Games Technology
3 wins

Head to Head

4 decided of 12

NetEase leads on 3 of the 12 questions below (NetEase 3, D-MARKET Electronic Services & Trading 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHEPSNTESLeader
Larger companyMarket capitalisation $993.09M $75.54B NTES
Cheaper on earningsLower P/E, profitable companies only -7.8x 16.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 12.4x –
Faster revenue growthRevenue growth, trailing twelve months — +9.8% –
More profitableNet margin, trailing twelve months — 26.6% –
Better return on capitalReturn on invested capital — 22.7% –
Less leveragedLower net debt / EBITDA — -1.4x –
Higher dividend yieldTrailing dividend yield — 2.48% –
Better 1-year returnPrice return, last 12 months +7.8% -19.4% HEPS
Better 5-year returnAnnualised price return, 5 years -9.7%/yr +3.4%/yr NTES
Less volatileAnnualised volatility, 1 year 55.6% 33.1% NTES
Higher overall scoreMean of the five percentile scores vs peers — 66/100 –

Percentile Scorecard

HEPSNTES

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHEPSNTES
Valuation 24 #27 of 35 60 #37 of 90
Growth – 45 #42 of 75
Profitability – 97 #3 of 75
Financial Health 45 #24 of 43 81 #20 of 99
Shareholder Returns – 46 #20 of 36
Overall – 66
  • HEPS ranked among 43 companies in Retail
  • NTES ranked among 102 companies in Internet Platforms

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHEPSNTESSPY
1 month +10.8%+2.5% -0.8%
3 months -2.1%-4.4% +3.5%
6 months 0.0%+6.3% +7.0%
Year to date +12.1%-14.0% +12.2%
1 year +7.8%-19.4% +13.0%
3 years +133.6%+10.8% +86.3%
3 years, per year +32.7%+3.5% +23.1%
5 years -39.8%+17.9% +68.6%
5 years, per year -9.7%+3.4% +11.0%
10 years —+122.6% +258.0%
10 years, per year —+8.3% +13.6%

Risk

MeasureHEPSNTESSPY
Volatility, 1Y 55.6%33.1% 12.7%
Downside volatility, 1Y 59.6%32.6% 12.7%
Beta vs S&P 500, 1Y 0.560.50 1.00
Return / volatility, 1Y 0.14-0.58 1.02
Max drawdown, 5Y -89.2%-52.0% -25.4%
From 52-week high -15.5%-19.8% -1.8%
52-week high $3.29$147.56 $779.14
52-week low $2.18$109.26 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHEPSNTES
P/E now vs peer median -7.8xmedian 13.6x 16.9xmedian 17.9x
P/S now vs peer median 0.5xmedian 0.2x 4.5xmedian 1.7x
EV/EBITDA now vs peer median —median 6.9x 10.7xmedian 11.8x
P/FCF now vs peer median 4.8xmedian 15.1x 10.1xmedian 10.1x
P/B now vs peer median 21.2xmedian 0.9x 3.1xmedian 1.2x
PEG now vs peer median —median 0.40 2.36median 0.38

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHEPSNTES
Revenue – $16.70B
Gross profit – $11.22B
Operating income – $5.90B
Net income – $4.75B
Free cash flow – $7.46B
R&D – $2.59B
EPS (diluted) – $6.91
Cash & equivalents $263.27M $3.36B
Total debt $69.14M $5.39B
Shares (diluted) – 643.63M
Enterprise value $70.75M $34.42B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHEPSNTES
P/E -7.8x 16.9x
P/FCF 4.8x 10.1x
P/Operating cash flow – 10.3x
P/S 0.5x 4.5x
P/B 21.2x 3.1x
P/Tangible book 21.2x 3.1x
EV/EBITDA – 10.7x
EV/EBIT – 11.3x
EV/Revenue – 4.0x
EV/FCF – 8.9x
EV/Operating cash flow – 9.1x
PEG (3Y EPS CAGR) – 2.36

Growth

14 metrics
MetricHEPSNTES
Revenue growth (1Y) – 9.8%
Revenue CAGR (3Y) – 5.5%
Gross profit growth (1Y) – 16.9%
Gross profit CAGR (3Y) – 11.5%
Operating income growth (1Y) – 23.6%
Operating income CAGR (3Y) – 22.2%
Net income growth (1Y) – -2.8%
Net income CAGR (3Y) – 9.2%
EPS growth (1Y) – -4.7%
EPS CAGR (3Y) – 7.2%
Operating cash flow growth (1Y) – 13.9%
Operating cash flow CAGR (3Y) – 19.3%
Free cash flow growth (1Y) – 12.3%
Free cash flow CAGR (3Y) – 17.2%

Profitability

14 metrics
MetricHEPSNTES
Gross margin – 67.2%
EBITDA margin – 37.2%
Operating margin – 35.3%
Pretax margin – 34.9%
Net margin – 26.6%
FCF margin – 44.7%
Operating cash flow margin – 44.0%
Return on equity – 19.6%
Return on assets – 14.0%
Return on invested capital – 22.7%
Return on capital employed – 23.0%
Asset turnover – 0.5x
Cash conversion (OCF / net income) – 1.5x
Stock comp / revenue – 2.7%

Financial Health

11 metrics
MetricHEPSNTES
Debt / assets 1.6% 5.4%
Debt / equity 0.3x 0.1x
Net debt / EBITDA – -1.4x
Debt / FCF – 0.2x
Liabilities / assets 94.6% 28.0%
Equity / assets 5.4% 72.0%
Interest coverage – –
Current ratio 0.9x 3.5x
Quick ratio 0.4x 1.4x
Cash ratio 0.3x 1.3x
Altman Z-score – 7.44

Shareholder Returns

7 metrics
MetricHEPSNTES
Dividend yield – 2.5%
Net buyback yield – 0.0%
Shareholder yield – 2.5%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHEPSNTES
Forward P/E – 12.4xFY2026
EPS, next fiscal year $-0.55FY2026 $9.56FY2026
EPS growth, next FY – +15.3%FY2026
EPS growth, the year after – +7.3%
Revenue, next fiscal year $2.17BFY2026 $17.10BFY2026
Revenue growth, next FY +12.0%FY2026 +6.2%FY2026
Revenue growth, the year after +41.3% +7.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHEPSNTES
Held by institutions 6.9% 9.2%
Institutions holding 33 458
Change in shares held, QoQ +1.3% +1.9%
Institutions buying 15 261
Institutions selling 13 121
Buyers to sellers 1.15 2.16

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HEPSNTES
HEPS 1.00 0.07
NTES 0.07 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HEPS and NTES?

NetEase (NTES) is the largest by market capitalisation: D-MARKET Electronic Services & Trading (HEPS) $993.09M, NetEase (NTES) $75.54B.

Which stock has performed better?

Over the past year D-MARKET Electronic Services & Trading (HEPS) returned the most: D-MARKET Electronic Services & Trading (HEPS) +7.8%, NetEase (NTES) -19.4%. Over five years, NetEase (NTES) compounded fastest (D-MARKET Electronic Services & Trading (HEPS) -9.7%/yr, NetEase (NTES) +3.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: NetEase (NTES) 2.48%. D-MARKET Electronic Services & Trading (HEPS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, NetEase (NTES) has been the steadiest (D-MARKET Electronic Services & Trading (HEPS) 55.6%, NetEase (NTES) 33.1%). Volatility measures how widely the price swings, not the risk of the business.

Do HEPS and NTES move together?

Their daily returns over the past year have a correlation of 0.07, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, HEPS and NTES?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, NetEase (NTES) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.