EN DE
STOCK COMPARISON

Kakao Games vs NetEase: Fair Value & Quality

Both stocks run through our valuation models. Here is how Kakao Games (293490) and NetEase (NTES) compare, as of Oct 5, 2026.

As of Oct 5, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: Kakao Games trades at KRW 10,140 versus a fair value of KRW 7,457 (−26.5%), while NetEase trades at $117 versus $254 (+116.8%).
Kakao Games
293490.KQ · KRW · Information Technology
−26.5%
upside to fair value
overvalued
PriceKRW 10,140
Fair ValueKRW 7,457
Quality37/100
NetEase
NTES · USD · Communication Services
+116.8%
upside to fair value
undervalued
Price$117
Fair Value$254
Quality80/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Kakao GamesNetEase
Valuation
n/aP/E (TTM)15.5×
28.8×Forward P/E (FY2027)10.9×
n/aP/S (TTM)4.34×
n/aP/B3.16×
n/aEV/EBITDA10.5×
n/aPEG1.16×
−26.5%Fair value upside+116.8%
n/aDividend yield2.6%
n/aDividend per share$3.04
Profitability
-30.7%Operating margin40.2%
n/aEBIT margin trend (5Y)1.61×
-12.4%Return on equity20.4%
-1.6%Return on assets11.7%
Growth
-35.2%Revenue growth (YoY)7.9%
-26.0%Avg. growth/yr (3Y)5.3%
-1.3%Avg. growth/yr (5Y)8.9%
n/aValue creation/yr+18.5%
Balance & size
n/aInterest coverage (EBIT/interest)16.7×
0.55×Debt / equity0.00×
$802MMarket cap$76B
weakGrowth qualityhealthy
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

NetEase leads: 0 to 7 metric wins.

n/a = 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 36 · market factors 34 NetEaseof which business quality 78 · market factors 38
ProfitabilityMargins and returns on capital today
8
71
Quality GrowthAre margins and returns improving?
27
53
CashflowEarnings quality: real cash, not paper profit
0
91
Fin. StrengthBalance sheet, leverage, solvency risk
46
95
InvestmentDisciplined investing over empire-building
99
63
Low VolatilityCalm price path (market factor)
52
69
MomentumPrice trend over the last 3–12 months (market factor)
34
31
52W MomentumDistance to the 52-week high (market factor)
15
16
Net IssuanceShare count: buybacks or dilution?
79
84

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyKakao GamesPrice KRW 10,140NetEasePrice $117
DCF Modelsn/a+154.7%above the price$299
Earnings-Basedn/a+64.9%above the price$193
Dividend Discountn/a−53.0%below the price$55.13
Multiplesn/a+6.2%close to the price$124
Asset-Based−26.5%below the priceKRW 7,457−78.6%below the price$25.04
Growth DCFn/a+131.8%above the price$272
Economic Profitn/a−12.3%close to the price$103
Growth Earningsn/a+116.7%above the price$254
Minimum−26.5%below the priceKRW 7,457−78.6%below the price$25.04
Maximum−26.5%below the priceKRW 7,457+154.7%above the price$299
Median−26.5%below the priceKRW 7,457+35.5%above the price$159
Geometric mean−26.5%below the priceKRW 7,457+8.9%close to the price$128

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Kakao Games: 1 of 1 models see the stock below the current price.

NetEase: 7 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Kakao Games
Price KRW 10,140
Fair Value KRW 7,457
Bear KRW 5,565Bull KRW 11,130
NetEase
Price $117
Fair Value $254
Bear $153Bull $330

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

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−26.5% · below median

NetEase · Communication Services

Quality score80 · Top 25%
Fair value upside+116.8% · Top 25%

Bottom line

As of Oct 5, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: Kakao Games trades at KRW 10,140 versus a fair value of KRW 7,457 (−26.5%), while NetEase trades at $117 versus $254 (+116.8%).

NetEase has the higher quality score (80/100).

Open NetEase live analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.