Firy Inc. (FIRY) vs NetEase, Inc. (NTES)

Firy Inc. and NetEase, Inc. are both Electronic Gaming & Multimedia companies. NetEase, Inc. is the larger, with a market value of $73.5B against $211.8M — 347.1× the size. Firy Inc. has negative trailing earnings, so its P/E is not meaningful; NetEase, Inc. trades at 15.7×. Firy Inc. grew revenue faster over the last twelve months: 31.3% against 13.6%. NetEase, Inc. has the higher net margin (28.0% vs −60.2%) and the higher return on invested capital (605.2% vs −79.9%). Across the 19 metrics below, NetEase, Inc. leads on 14 and Firy Inc. on 5.

Valuation

Metric FIRY NTES Electronic Gaming & Multimedia median
P/E n/m 15.74 7.09
P/S 1.70 4.32 1.09
P/B 2.36 2.93 1.02
Price to free cash flow n/m 10.09 6.55
EV/EBITDA n/m 7.76 3.29
EV/Sales 2.48 2.88 0.84
Earnings yield (35.59%) 6.35% (3.08%)
Free cash flow yield (33.32%) 9.91% 0.00%

Profitability

Metric FIRY NTES Electronic Gaming & Multimedia median
Gross margin 87.77% 67.15% 70.26%
Operating margin (53.44%) 35.28% (8.19%)
Net margin (60.23%) 27.96% (9.89%)
Free cash flow margin (56.62%) 42.84% 0.00%
Return on equity (62.95%) 22.94% 0.00%
Return on assets (23.59%) 15.11% (1.43%)
Return on invested capital (79.87%) 605.16% 0.00%

Growth

Metric FIRY NTES Electronic Gaming & Multimedia median
Revenue growth (TTM) 31.34% 13.58% 13.58%
EPS growth (last fiscal year) (67.04%) 19.24% —
Revenue growth, 5-year CAGR (14.53%) 7.36% (2.72%)
Net income growth, 5-year CAGR 0.00% 21.16% 0.00%

Health

Metric FIRY NTES Electronic Gaming & Multimedia median
Debt to equity 1.52 0.07 0.00
Current ratio 1.03 3.45 1.61
Net debt to EBITDA 1.07 (4.22) 0.07

Dividend

Metric FIRY NTES Electronic Gaming & Multimedia median
Dividend yield — 1.82% —
Payout ratio 0.00 0.28 0.00

Size

Metric FIRY NTES Electronic Gaming & Multimedia median
Market cap 211.77m 73.51b 53.60m

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