Hangzhou Shunwang Tech vs NetEase: Fair Value & Quality
Both stocks run through our valuation models. Here is how Hangzhou Shunwang Tech (300113) and NetEase (NTES) compare, as of Aug 11, 2026.
As of Aug 11, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: Hangzhou Shunwang Tech trades at ¥18.29 versus a fair value of ¥10.45 (-43%), while NetEase trades at $133 versus $172 (+29%).
Hangzhou Shunwang Tech
300113.SHE · CNY · Communication Services
-43%
upside to fair value
overvalued
Price¥18.29
Fair Value¥10.45
Quality73/100
NetEase
NTES · USD · Communication Services
+29%
upside to fair value
undervalued
Price$133
Fair Value$172
Quality81/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Hangzhou Shunwang TechNetEase
Valuation
31.7×P/E (TTM)16.9×
9.29×P/S (TTM)4.99×
5.27×P/B3.56×
32.0×EV/EBITDA12.9×
0.47×PEG1.45×
0.6%Dividend yield2.3%
¥0.12Dividend per share$4.18
Profitability
29%Net margin30%
31%Operating margin41%
18%Return on equity22%
8%Return on assets11%
Growth
-51%Revenue growth (YoY)6%
15.8%Avg. growth/yr (3Y)5.3%
10.8%Avg. growth/yr (5Y)8.9%
Balance & size
—Debt / equity0.00×
$2BMarket cap$85B
mixedGrowth qualityhealthy
NetEase leads: 3 to 10 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.
Hangzhou Shunwang Techof which business quality 71 · market factors 25NetEaseof which business quality 79 · market factors 55
ProfitabilityMargins and returns on capital today
65
71
Quality GrowthAre margins and returns improving?
61
53
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
65
63
Low VolatilityCalm price path (market factor)
50
70
MomentumPrice trend over the last 3–12 months (market factor)
13
51
52W MomentumDistance to the 52-week high (market factor)
16
47
Net IssuanceBuybacks instead of dilution
78
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.
Hangzhou Shunwang Tech
DCF Models¥12.40
Earnings-Based¥9.71
Dividend Discount¥1.59
Multiples¥9.52
Asset-Based¥2.54
Growth DCF¥12.54
Economic Profit¥7.37
Growth Earnings¥14.73
25 of 26 models see the stock below the current price.
NetEase
DCF Models$1,933
Earnings-Based$1,295
Dividend Discount$369
Multiples$834
Asset-Based$168
Growth DCF$1,771
Economic Profit$689
Growth Earnings$1,701
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.
Hangzhou Shunwang Tech
Bear ¥7.90Fair Value ¥10.45Bull ¥19.15
¥18.29 = current price (white tick)
NetEase
Bear $129Fair Value $172Bull $282
$133 = 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.
Hangzhou Shunwang Tech · Communication Services
Quality score73 · Top 25%
Fair value upside-43% · below median
NetEase · Communication Services
Quality score81 · Top 25%
Fair value upside+29% · above median
Bottom line
As of Aug 11, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: Hangzhou Shunwang Tech trades at ¥18.29 versus a fair value of ¥10.45 (-43%), while NetEase trades at $133 versus $172 (+29%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
