Both stocks run through our valuation models. Here is how Kakao Games (293490) and NetEase (NTES) compare, as of Aug 21, 2026.
As of Aug 21, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: Kakao Games trades at KRW 8,510 versus a fair value of KRW 7,457 (-12%), while NetEase trades at $120 versus $173 (+44%).
Kakao Games
293490.KQ · KRW · Information Technology
-12%
upside to fair value
overvalued
PriceKRW 8,510
Fair ValueKRW 7,457
Quality37/100
NetEase
NTES · USD · Communication Services
+44%
upside to fair value
undervalued
Price$120
Fair Value$173
Quality81/100
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Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Kakao GamesNetEase
Valuation
—P/E (TTM)16.9×
—P/S (TTM)4.97×
—P/B3.55×
—EV/EBITDA12.9×
—PEG1.45×
—Dividend yield3.5%
—Dividend per share$4.18
Profitability
-25%Net margin30%
-31%Operating margin41%
-12%Return on equity22%
-1%Return on assets11%
Growth
-33%Revenue growth (YoY)6%
-26.0%Avg. growth/yr (3Y)5.3%
-1.3%Avg. growth/yr (5Y)8.9%
Balance & size
0.55×Debt / equity0.00×
$570MMarket cap$85B
weakGrowth qualityhealthy
NetEase leads: 0 to 8 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Kakao Gamesof which business quality 37 · market factors 24NetEaseof which business quality 79 · market factors 46
ProfitabilityMargins and returns on capital today
8
71
Quality GrowthAre margins and returns improving?
34
53
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
99
63
Low VolatilityCalm price path (market factor)
63
69
MomentumPrice trend over the last 3–12 months (market factor)
7
41
52W MomentumDistance to the 52-week high (market factor)
7
28
Net IssuanceBuybacks instead of dilution
79
89
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Kakao Games
Asset-BasedKRW 7,457
1 of 1 models see the stock below the current price.
NetEase
DCF Models$1,935
Earnings-Based$1,296
Dividend Discount$370
Multiples$835
Asset-Based$168
Growth DCF$1,772
Economic Profit$689
Growth Earnings$1,703
0 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Kakao Games
Bear KRW 5,565Fair Value KRW 7,457Bull KRW 11,130
KRW 8,510 = current price (white tick)
NetEase
Bear $129Fair Value $173Bull $282
$120 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Kakao Games · Information Technology
Quality score37 · bottom 25%
Fair value upside-12% · above median
NetEase · Communication Services
Quality score81 · Top 25%
Fair value upside+44% · above median
Bottom line
As of Aug 21, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: Kakao Games trades at KRW 8,510 versus a fair value of KRW 7,457 (-12%), while NetEase trades at $120 versus $173 (+44%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
