网易估值合理

$网易(NTES)$ 网易之前复合增长率超过20%，预期手游行业2018增长放缓至18%，腾讯网易两家市场占有率70%，网易现在估值合理：动态PE20，静态18，13.1x1.18x18=278，故我认为$270可以买，若要使用杠杆则应考虑融资成本5%即$260，且应分批购买，向下摊低并控制头寸，以规避风险

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

FeelLikeBug
2017-08-21
FeelLikeBug
现价来看，网易21跟茅台27倍就算他差不多的市盈率。市场来看，纳斯达克平均市盈率比上证还高10来倍有吧。然后你说成长预期是卖酒高还是互联网高？茅台都成长了快半个世纪了，茅台镇的水也有极限吧。长线买茅台还是网易？
- genius:
  价值投资的原则是：冷清时买入，热闹时卖出。所以A股我只持有了一只银行股，去年有持有茅台早卖了；美股只买了这只。
genius
2017-08-20
genius
据说存在所谓60倍市盈率魔咒，腾讯、阿里巴巴PE偏高，其利润增长率能同步增长吗且其能久乎?APPle和网易PE差不多，而其增长率更低，GooG五年ROE均比网易低，京东亚马逊利润为负……此为我看好网易的原因
不明真相群众
2017-08-21
不明真相群众
那个乘法公式是什么？
- genius:
  可以写成这样13.1x(1+18%)x18
- genius:
  上面静态、动态两词打错了需置换，现在EPS13.1，预期增长率18%，按PEG=1取18倍市盈率
- 不明真相群众:
  1.18是什么
goog
2017-08-20
goog
没上车一个劲的涨,上了车一个劲的跌
- genius:
  别担心，亏得最多的是丁三石，占股44%，跌了十几个点，亏了$18亿
genius
2017-08-21
genius
昨天有朋友问了京东的事，我今天比较了一下亚马逊和京东：毛利率分别为35.09%、15.16%，资产负债率76.88%、74.3%，自由现金流/price：2.12%、1.13%据此我认为亚马逊比京东好，但对于资产负债率高，现金流回报率也不是很高且常年亏损不好估值的我不会买。
蔷林投资
2017-08-21
蔷林投资
如果扣除现金，则估值更低，我们也长期看好网易。

发表看法

22

6

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