WallStSmart

GDEV Inc. (GDEV)vsNetEase Inc (NTES)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

NetEase Inc generates 30553% more annual revenue ($116.60B vs $380.39M). NTES leads profitability with a 27.9% profit margin vs 19.9%. GDEV appears more attractively valued with a PEG of 0.74. NTES earns a higher WallStSmart Score of 67/100 (B-).

GDEV

Buy

54

out of 100

Grade: C-

Growth: 4.0Profit: 7.5Value: 6.7Quality: 5.0
Piotroski: 4/9Altman Z: 0.96

NTES

Strong Buy

67

out of 100

Grade: B-

Growth: 4.7Profit: 9.0Value: 8.0Quality: 9.0
Piotroski: 5/9Altman Z: 4.52
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

GDEVSignificantly Overvalued (-40.5%)

Margin of Safety

-40.5%

Fair Value

$11.26

Current Price

$10.98

$0.28 premium

UndervaluedFair: $11.26Overvalued
NTESUndervalued (+82.1%)

Margin of Safety

+82.1%

Fair Value

$662.02

Current Price

$115.61

$546.41 discount

UndervaluedFair: $662.02Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

GDEV5 strengths · Avg: 8.8/10
P/E RatioValuation
2.9x10/10

Attractively priced relative to earnings

Debt/EquityHealth
-0.0310/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.748/10

Growing faster than its price suggests

Operating MarginProfitability
21.7%8/10

Strong operational efficiency at 21.7%

EPS GrowthGrowth
20.0%8/10

Earnings expanding 20.0% YoY

NTES6 strengths · Avg: 9.3/10
Operating MarginProfitability
40.2%10/10

Strong operational efficiency at 40.2%

Debt/EquityHealth
0.0810/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.5210/10

Safe zone — low bankruptcy risk

Market CapQuality
$76.38B9/10

Large-cap with strong market position

Profit MarginProfitability
27.9%9/10

Keeps 28 of every $100 in revenue as profit

P/E RatioValuation
15.9x8/10

Attractively priced relative to earnings

Areas to Watch

GDEV4 concerns · Avg: 2.5/10
Market CapQuality
$215.99M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.0%3/10

ROE of 0.0% — below average capital efficiency

Revenue GrowthGrowth
-22.0%2/10

Revenue declined 22.0%

Altman Z-ScoreHealth
0.962/10

Distress zone — elevated risk

NTES2 concerns · Avg: 3.0/10
Price/BookValuation
14.9x4/10

Trading at 14.9x book value

EPS GrowthGrowth
-18.7%2/10

Earnings declined 18.7%

Comparative Analysis Report

WallStSmart Research

Bull Case : GDEV

The strongest argument for GDEV centers on P/E Ratio, Debt/Equity, PEG Ratio. Profitability is solid with margins at 19.9% and operating margin at 21.7%. PEG of 0.74 suggests the stock is reasonably priced for its growth.

Bull Case : NTES

The strongest argument for NTES centers on Operating Margin, Debt/Equity, Altman Z-Score. Profitability is solid with margins at 27.9% and operating margin at 40.2%. PEG of 1.19 suggests the stock is reasonably priced for its growth.

Bear Case : GDEV

The primary concerns for GDEV are Market Cap, Return on Equity, Revenue Growth.

Bear Case : NTES

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

Key Dynamics to Monitor

GDEV profiles as a declining stock while NTES is a mature play — different risk/reward profiles.

GDEV carries more volatility with a beta of 1.27 — expect wider price swings.

NTES is growing revenue faster at 7.9% — sustainability is the question.

NTES generates stronger free cash flow (10.0B), providing more financial flexibility.

Bottom Line

NTES scores higher overall (67/100 vs 54/100), backed by strong 27.9% margins. Both earn "Strong 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.

GDEV Inc.

COMMUNICATION SERVICES · ELECTRONIC GAMING & MULTIMEDIA · USA

GDEV Inc. is a prominent player in the gaming and digital entertainment industry, specializing in the creation and distribution of immersive gaming experiences across various platforms. By harnessing next-generation technologies and maintaining a strong portfolio of successful titles, the company amplifies player engagement and cultivates community loyalty. Its strategic partnerships allow GDEV to swiftly adapt to and capitalize on emerging trends in the dynamic gaming landscape. Committed to continuous innovation, GDEV is strategically positioned to provide captivating content to a growing global audience, supporting its long-term growth in a competitive market.

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.

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