NetEase Cloud Music (HKSE:09899) OCF Margin %: 27.73% (As of Dec. 2025)


HKSE:09899 NetEase Cloud Music Inc HKSE:09899
73 GF Score
Price HK$101.30
GF Value HK$106.67
Valuation Fairly Valued
! 3 Warning Signs
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What is NetEase Cloud Music OCF Margin %?

NetEase Cloud Music HKSE:09899 -1.17% 73 OCF Margin % is 27.73% as of Dec. 2025. GuruFocus rates HKSE:09899 with a GF Score™ of 73/100 and a GF Value™ of HK$106.67 (Fairly Valued). The stock has 3 warning signs investors should review. Among 551 Interactive Media companies, NetEase Cloud Music ranks better than 72.96% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. NetEase Cloud Music's Cash Flow from Operations for the six months ended in Dec. 2025 was HK$1,205 Mil. NetEase Cloud Music's Revenue for the six months ended in Dec. 2025 was HK$4,344 Mil. Therefore, NetEase Cloud Music's OCF Margin % for the quarter that ended in Dec. 2025 was 27.73%.

As of today, NetEase Cloud Music's current OCF Yield % is 8.59%.

The historical rank and industry rank for NetEase Cloud Music's OCF Margin % or its related term are showing as below:

HKSE:09899' s OCF Margin % Range Over the Past 10 Years
Min: -239.23   Med: -5.29   Max: 22.32
Current: 20.89


During the past 8 years, the highest OCF Margin % of NetEase Cloud Music was 22.32%. The lowest was -239.23%. And the median was -5.29%.

HKSE:09899's OCF Margin % is ranked better than
72.96% of 551 companies
in the Interactive Media industry
Industry Median: 8.84 vs HKSE:09899: 20.89


NetEase Cloud Music OCF Margin % Related Terms


NetEase Cloud Music OCF Margin % Historical Data

* Premium members only.

The historical data trend for NetEase Cloud Music's OCF Margin % 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.

NetEase Cloud Music OCF Margin % Chart

NetEase Cloud Music Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial -12.98 20.49 2.40 22.32 20.85

NetEase Cloud Music Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.20 14.29 30.75 13.78 27.73

HKSE:09899 vs GOOGL, META, SPOT: OCF Margin % Comparison

For the Internet Content & Information subindustry, NetEase Cloud Music's OCF Margin %, along with its competitors' market caps and OCF Margin % 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 OCF Margin % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NetEase Cloud Music's OCF Margin % distribution charts can be found below:

* The bar in red indicates where NetEase Cloud Music's OCF Margin % falls into.


HKSE:09899
73GF Score
NetEase Cloud Music Inc HKSE:09899
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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NetEase Cloud Music OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

NetEase Cloud Music's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=1787.535/8572.059
=20.85 %

NetEase Cloud Music's OCF Margin for the quarter that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=1204.836/4344.147
=27.73 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 27.73% mean?
NetEase Cloud Music (HKSE:09899) has a OCF Margin % of 27.73% as of Dec. 2025. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on NetEase Cloud Music and its competitors. According to the industry distribution chart, NetEase Cloud Music ranks #149 out of 551 companies in the Interactive Media industry, placing it in the top 27%.
Is NetEase Cloud Music's OCF Margin % too high?
NetEase Cloud Music's current OCF Margin % is 27.73%. The Interactive Media industry median OCF Margin % is 8.84. NetEase Cloud Music's value of 27.73% is 213.7% above this industry median. Based on the distribution chart, NetEase Cloud Music ranks #149 out of 551 companies in the Interactive Media industry, which is above the industry midpoint. Overall, NetEase Cloud Music has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase Cloud Music's OCF Margin % compare to GOOGL and META?
According to the Interactive Media industry distribution chart, NetEase Cloud Music ranks #149 out of 551 companies for OCF Margin %. This puts NetEase Cloud Music in the upper half of its industry. The industry median OCF Margin % is 8.84. NetEase Cloud Music's value of 27.73% is 213.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for an Interactive Media company?
The median OCF Margin % among Interactive Media companies is 8.84, based on 551 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NetEase Cloud Music's current OCF Margin % of 27.73% is 213.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on NetEase Cloud Music and its competitors. For the Interactive Media industry, the median OCF Margin % is 8.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetEase Cloud Music's current OCF Margin % is 27.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase Cloud Music stock overvalued right now?
Based on GuruFocus' analysis, NetEase Cloud Music (HKSE:09899) is currently considered Fairly Valued. The stock's GF Value™ is HK$106.67, compared to a current price of HK$101.30 — trading 5% below its estimated fair value. The current OCF Margin % is 27.73% and 213.7% above the Interactive Media industry median of 8.84. NetEase Cloud Music's overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For NetEase Cloud Music (HKSE:09899), the current OCF Margin % is 27.73% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NetEase Cloud Music (HKSE:09899) Overvalued in 2026?

Based on GuruFocus' analysis, NetEase Cloud Music stock appears to be undervalued. The current stock price of HK$101.30 is trading 5% below its estimated GF Value™ of HK$106.67. GuruFocus considers NetEase Cloud Music to be Fairly Valued.

Key valuation signals for HKSE:09899:

  • OCF Margin %: 27.73%
  • GF Value™: HK$106.67 vs. price of HK$101.30 (5% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 213.7% above the Interactive Media median (#149 of 551)

No single metric tells the full story. See the HKSE:09899 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NetEase Cloud Music Business Description

Address No. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN
NetEase Cloud Music is China's second-largest music streaming platform, founded in 2013 as a subsidiary of NetEase. NetEase remains the controlling shareholder with a 59.4% stake. The company is headquartered in Hangzhou.The platform's business model revolves around a core music streaming service sold on a subscription basis, paired with a live streaming service where users purchase virtual items and gift them to performers.
73GF Score

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OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$101.30
Price
HK$106.67
GF Value