WallStSmart

NetEase Inc (NTES)vsSohu.Com Inc (SOHU)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

NetEase Inc generates 20430% more annual revenue ($112.63B vs $548.59M). NTES leads profitability with a 30.0% profit margin vs 22.7%. NTES appears more attractively valued with a PEG of 1.27. NTES earns a higher WallStSmart Score of 65/100 (C+).

NTES

Buy

65

out of 100

Grade: C+

Growth: 4.0Profit: 9.0Value: 7.3Quality: 5.0

SOHU

Buy

50

out of 100

Grade: C-

Growth: 2.0Profit: 4.5Value: 7.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NTESSignificantly Overvalued (-129.0%)

Margin of Safety

-129.0%

Fair Value

$51.75

Current Price

$113.06

$61.31 premium

UndervaluedFair: $51.75Overvalued
SOHUUndervalued (+34.8%)

Margin of Safety

+34.8%

Fair Value

$25.16

Current Price

$15.84

$9.32 discount

UndervaluedFair: $25.16Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NTES6 strengths · Avg: 9.3/10
Profit MarginProfitability
30.0%10/10

Keeps 30 of every $100 in revenue as profit

Operating MarginProfitability
30.2%10/10

Strong operational efficiency at 30.2%

Free Cash FlowQuality
$14.34B10/10

Generating 14.3B in free cash flow

Market CapQuality
$74.82B9/10

Large-cap with strong market position

Return on EquityProfitability
22.6%9/10

Every $100 of equity generates 23 in profit

P/E RatioValuation
15.3x8/10

Attractively priced relative to earnings

SOHU3 strengths · Avg: 9.7/10
P/E RatioValuation
4.0x10/10

Attractively priced relative to earnings

Price/BookValuation
0.4x10/10

Reasonable price relative to book value

Profit MarginProfitability
22.7%9/10

Keeps 23 of every $100 in revenue as profit

Areas to Watch

NTES3 concerns · Avg: 3.3/10
Price/BookValuation
15.5x4/10

Trading at 15.5x book value

Revenue GrowthGrowth
3.0%4/10

3.0% revenue growth

EPS GrowthGrowth
-29.4%2/10

Earnings declined 29.4%

SOHU4 concerns · Avg: 2.3/10
Market CapQuality
$444.67M3/10

Smaller company, higher risk/reward

PEG RatioValuation
21.442/10

Expensive relative to growth rate

Revenue GrowthGrowth
-26.7%2/10

Revenue declined 26.7%

EPS GrowthGrowth
-75.7%2/10

Earnings declined 75.7%

Comparative Analysis Report

WallStSmart Research

Bull Case : NTES

The strongest argument for NTES centers on Profit Margin, Operating Margin, Free Cash Flow. Profitability is solid with margins at 30.0% and operating margin at 30.2%. PEG of 1.27 suggests the stock is reasonably priced for its growth.

Bull Case : SOHU

The strongest argument for SOHU centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 22.7% and operating margin at -17.7%.

Bear Case : NTES

The primary concerns for NTES are Price/Book, Revenue Growth, EPS Growth.

Bear Case : SOHU

The primary concerns for SOHU are Market Cap, PEG Ratio, Revenue Growth.

Key Dynamics to Monitor

NTES profiles as a value stock while SOHU is a declining play — different risk/reward profiles.

NTES carries more volatility with a beta of 0.86 — expect wider price swings.

NTES is growing revenue faster at 3.0% — sustainability is the question.

NTES generates stronger free cash flow (14.3B), providing more financial flexibility.

Bottom Line

NTES scores higher overall (65/100 vs 50/100), backed by strong 30.0% margins. SOHU offers better value entry with a 34.8% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

NetEase Inc

COMMUNICATION SERVICES · ELECTRONIC GAMING & MULTIMEDIA · China

NetEase, Inc. offers online services that focus on gaming, communication, and commerce in the People's Republic of China and internationally. The company is headquartered in Hangzhou, the People's Republic of China.

Sohu.Com Inc

COMMUNICATION SERVICES · ELECTRONIC GAMING & MULTIMEDIA · China

Sohu.com Limited provides online media, games and search products and services on PC and mobile devices in China. The company is headquartered in Beijing, China.

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