- Entry
- $121.16
- Now
- $121.16 +0.0%
- Target
- —
- Score
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I put together a comp table of 14 internet companies: eight listed in Hong Kong and six in the US. Matched them on consensus EPS growth rates and GAAP EBIT margins to try to separate the jurisdiction discount from the fundamental discount. The cleanest pair: NetEase grows EPS at 18.9% per year with 40% EBIT margins. Meta grows at 18.0% with 41%. Growth and margins nearly identical. NetEase trades at 11.7x forward earnings. Meta at 21.6x. That is a 46% …
— ORIGINAL POST ·
NetEase earns Meta's margins at Meta's growth rate. It trades at half the multiple. I went through 14 companies to figure out how much of the discount is real.
· r/ValueInvesting
· Sep 30, 2026