Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). NetEase Cloud Music's share price for the quarter that ended in Jun. 2024 was HK$100.5. NetEase Cloud Music's Shares Outstanding (EOP) for the quarter that ended in Jun. 2024 was 209 Mil. Therefore, NetEase Cloud Music's market cap for the quarter that ended in Jun. 2024 was HK$20,970 Mil.
NetEase Cloud Music's quarterly market cap
increased
from Jun. 2023 (HK$17,367 Mil) to Dec. 2023 (HK$18,738 Mil) and
increased
from Dec. 2023 (HK$18,738 Mil) to Jun. 2024 (HK$20,970 Mil).
NetEase Cloud Music's annual market cap
declined
from Dec. 2021 (HK$32,659 Mil) to Dec. 2022 (HK$16,423 Mil) but then
increased
from Dec. 2022 (HK$16,423 Mil) to Dec. 2023 (HK$18,738 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. NetEase Cloud Music's Enterprise Value for Today is HK$17,656 Mil.
NetEase Cloud Music Market Cap Historical Data
The historical data trend for NetEase Cloud Music's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of NetEase Cloud Music's Market Cap
For the Internet Content & Information subindustry, NetEase Cloud Music's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NetEase Cloud Music's Market Cap Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetEase Cloud Music's Market Cap distribution charts can be found below:
* The bar in red indicates where NetEase Cloud Music's Market Cap falls into.
NetEase Cloud Music Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
NetEase Cloud Music's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NetEase Cloud Music (HKSE:09899) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
NetEase Cloud Music Market Cap Related Terms
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No. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
Cloud Music is the second largest online music service provider in China. It was founded in 2013 by NetEase, which currently holds around 58% of its equity stake and 90% of voting power. The business model of Cloud Music resembles that of its main competitor Tencent Music, as both provide music streaming services to their users plus social entertainment features such as livestreaming.
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