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← CockpitCompetitor Analysis › 0777.HK NetDragon Websoft Holdings LimitedOpen in the cockpit ↗

NetDragon Websoft Holdings Limited0777.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Information Technology›Packaged Software
Momentum strong 66
Mkt cap
$534M
US dollars, full cap
Free float
44%
of shares outstanding
$/day
$727,813
20-day average traded
Fwd P/E
9.7×
forward earnings
ROIC−WACC
+4.2 pp
WACC 6.7%
Hurdle
-8 pp
Req g minus delivered
Next earnings
145 days
31 Mar 2027
Close · HKDHK$7.88
1D-1.4%
1W+5.0%
1M-4.8%
3M+2.7%
6M-12.9%
YTD-24.6%
1Y-37.6%
ATR %3.3%
52w lowhigh38.8% off high

What NetDragon Websoft does

Employees: 3,061

NetDragon Websoft at a glance

Size NetDragon Websoft (0777.HK) is a Hong Kong Information Technology company (Packaged Software) with a market value of $534M, the 741st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$7.88 on 6 Nov 2026.

Performance Over six months the shares fell 12.9%, against -22.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue fell 15.6% over the last twelve months (peer median +9.2%); the operating margin is 12.9% (peer median 2.1%).

Valuation It trades at 9.7× forward earnings against a peer median of 27.9× (2nd cheapest of 11).

Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is -8 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 4.2 points above its cost of capital (6.7% WACC).

Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 20260777.HK 86Peer median 77
Six months, rebased to 100: NetDragon Websoft against the median of its 20 peers (local-currency closes).

NetDragon Websoft financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$4.67BHK$4.85BHK$6.56BHK$7.85BHK$9.15B
Revenue growth—-26%-16%-14%—
Gross profitHK$3.30BHK$3.41BHK$4.27BHK$4.86BHK$5.02B
EBITDAHK$1.04BHK$1,000MHK$1.14BHK$1.50BHK$1.73B
Net incomeHK$174MHK$164MHK$337MHK$608MHK$970M
Free cash flowHK$190MHK$313MHK$1.03BHK$993MHK$1.10B
Capital expenditureHK$253MHK$568MHK$825MHK$687MHK$347M
Total debtn/aHK$3.17BHK$2.71BHK$1.95BHK$2.46B

Quarterly statements and history in the cockpit →

NetDragon Websoft competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%-40%-20%0%36732718603918688588301221ACAST3477007595IVURZLV3003529890301157STYLATO300399300571GNSTOM2BRUN0777.HK6-month return →1-month return →
Up and to the right = strong over both horizons. NetDragon Websoft is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%+300%0×20×40×3673603918301221ACAST3477007595IVU9890STYLTOM20777.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. NetDragon Websoft is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%+60%0%25%50%3673688588ACAST7595IVU300352STYLTOM20777.HKGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. NetDragon Websoft is the large dot.

NetDragon Websoft competitors and peer comparison

How NetDragon Websoft compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

NetDragon Websoft against its 20 peers (data as of 6 Nov 2026)
Measure0777.HKPeer medianRank in peer set
1-month return-4.8%-6.6%10th highest of 21
6-month return-12.9%-22.7%5th highest of 21
Distance from 52-week high-38.8%-51.2%7th highest of 21
Revenue growth (TTM)-15.6%+9.2%lowest of 20
Operating margin12.9%2.1%4th highest of 21
Forward P/E9.7×27.9×2nd cheapest of 11
Growth the price implies (Req g, 7 yrs)-14.5%6.8%least demanding of 10
Growth delivered (Del g)-6.8%+9.1%2nd lowest of 9
Hurdle (Req g minus delivered)-7.7 pp+0.4 pp4th least demanding of 9
ROIC minus cost of capital+4.2 pp-6.4 pp6th highest of 20
EV / EBITDA2.7×13.1×cheapest of 9
Net debt / EBITDA-1.2×-1.2×6th most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
NetDragon Websoft 0777.HKHong Kong$534M-13%-16%13%9.7×-14.5%-6.8%
Broadleaf 3673.TJapan$534M0%+12%13%27.0×6.4%-0.3%
Mininglamp Technology 2718.HKHong Kong$533M-89%+9%-6%n/an/an/a
Shanghai Golden Bridge Info Tech 603918.SSChina$530M-27%-15%-9%36.1×n/an/a
Linkage Software 688588.SSChina$541M-21%-10%12%n/a17.6%+10.8%
Wuhan KOTEI Informatics 301221.SZChina$526M-22%+11%2%39.3×n/an/a
Acast ACAST.STSweden$526M-20%+23%3%33.0×21.4%+32.5%
Sphere 347700.KSSouth Korea$525M-66%+303%3%32.1×n/an/a
Argo Graphics 7595.TJapan$525M-10%+5%15%14.8×-10.9%+10.5%
IVU Traffic Technologies IVU.DEGermany$518M+40%+10%13%28.8×6.8%+10.2%
Rezolve AI RZLVUnited States$550M-45%+2,224%-94%n/an/an/a
Beijing VRV Software 300352.SZChina$518M-67%+28%-110%n/a58.4%-13.7%
Tanwan 9890.HKHong Kong$517M-52%-4%-6%2.9×n/an/a
Hangzhou Huasu Technology 301157.SZChina$516M-19%+16%5%n/an/an/a
Seshaasai Technologies STYL.NSIndia$554M+20%-2%23%19.0×12.2%+7.9%
Atos ATO.PAFrance$555M-35%-14%6%n/an/an/a
Jiangxi Tianli Technology 300399.SZChina$514M-21%+6%2%n/an/an/a
Hangzhou Anysoft Information Technology 300571.SZChina$512M-45%-12%-14%n/an/an/a
Niewiadow Polish Military Group Joint Stock GNS.WAPoland$557M-22%+490%-73%n/an/an/a
TomTom TOM2.ASNetherlands$511M-23%-7%12%16.9×-10.1%+1.0%
Boost Run BRUNUnited States$511M-68%n/a-47%n/a5.3%n/a

Questions

Which companies are NetDragon Websoft's closest peers?
The cockpit's peer set: Broadleaf (3673.T), Mininglamp Technology (2718.HK), Shanghai Golden Bridge Info Tech (603918.SS), Linkage Software (688588.SS), Wuhan KOTEI Informatics (301221.SZ), Acast (ACAST.ST), Sphere (347700.KS), Argo Graphics (7595.T).
Is NetDragon Websoft expensive compared with its peers?
On forward p/e it trades at 9.7× against a peer median of 27.9×, 2nd cheapest of 11 in its peer set. For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is -7%, so the hurdle is -8 pp: the price already allows for a slowdown.
How has NetDragon Websoft stock performed?
Over six months to 6 Nov 2026 the shares returned -12.9% against -22.7% for the median peer; over one year -37.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.