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STOCK COMPARISON

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 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: Hangzhou Shunwang Tech trades at ¥18.51 versus a fair value of ¥10.45 (-44%), while NetEase trades at $132 versus $171 (+29%).
Hangzhou Shunwang Tech
300113.SHE · CNY · Communication Services
-44%
upside to fair value
overvalued
Price¥18.51
Fair Value¥10.45
Quality73/100
NetEase
NTES · USD · Communication Services
+29%
upside to fair value
undervalued
Price$132
Fair Value$171
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)16.1×
9.29×P/S (TTM)4.75×
5.27×P/B3.39×
32.0×EV/EBITDA12.2×
0.47×PEG1.33×
0.6%Dividend yield2.4%
¥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$81B
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 29 NetEaseof which business quality 79 · market factors 53
ProfitabilityMargins and returns on capital today
65
71
Quality GrowthAre margins and returns improving?
61
53
CashflowEarnings quality: real cash, not paper profit
67
91
Fin. StrengthBalance sheet, leverage, solvency risk
88
95
InvestmentDisciplined investing over empire-building
65
63
Low VolatilityCalm price path (market factor)
50
69
MomentumPrice trend over the last 3–12 months (market factor)
21
47
52W MomentumDistance to the 52-week high (market factor)
19
45
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
¥18.51 = current price (white tick)
NetEase
Bear $128Fair Value $171Bull $295
$132 = 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-44% · below median

NetEase · Communication Services

Quality score81 · Top 25%
Fair value upside+29% · above median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees NetEase as the more attractively valued of the two: Hangzhou Shunwang Tech trades at ¥18.51 versus a fair value of ¥10.45 (-44%), while NetEase trades at $132 versus $171 (+29%).

NetEase has the higher quality score (81/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.