DoubleDown Interactive Co Ltd ADR (DDI) is undervalued and NetEase Inc ADR (NTES) is undervalued.
Against our estimates of intrinsic value, DDI trades at the wider discount: a margin of safety of +64%, against +23% for NTES.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.9% (average of 3 methods) values the shares at $36.30; the price of $13.10 is 64% below that value, and 72% of that value comes from beyond year five.
Leak Score 84/100 on 3 of 12 signals
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $153.57; the price of $118.76 is 23% below that value, and 77% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | DDI | NTES |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $13.10 | $118.76 |
| Intrinsic value | $36.30 | $153.57 |
| Margin of safety | +64% | +23% |
| Leak Score | 84/100 (3/12) | 100/100 (3/12) |
| Market cap | $649M | $75.6B |
| Revenue growth, 5 years | 0.1% | 8.0% |
| Operating margin | 38.1% | 35.3% |
| Net margin | 33.0% | 27.9% |
| Return on equity | 12.7% | 20.4% |
| Debt to equity | 0.04 | 0.08 |
| P/E | 5.2x | 16.5x |
| Forward P/E | 5.3x | 11.1x |
| P/B | 0.6x | 3.1x |
| Dividend yield | — | 2.7% |