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A181710: Global Game Launch And Margin Outlook Will Likely Keep Shares Fairly Valued

Gaming, Cloud And AI Will Power Future Digital Trends

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A181710
AnalystConsensusTarget
Not Invested
Published 03 Sep 2025
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Update shared on 27 Apr 2026

Fair value Increased 6.32%
Previous
27 Apr
₩49,050.00
AnalystConsensusTarget's Fair Value
₩40,700.00
20.5% overvalued intrinsic discount
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1Y
123.5%
7D
-3.6%

Analysts have adjusted their price target on NHN from ₩38,280 to ₩40,700. This reflects updated assumptions around a slightly lower discount rate, moderated revenue growth expectations, a higher projected profit margin, and a modestly higher future P/E multiple.

What's in the News

  • NHN launched Abyssdia globally as a collection RPG developed by Ring Games, with availability in North America and other international markets (Key Developments).
  • The game centers on Chained Action Combat, a 4-player real-time system that relies on elemental synergies, weapon styles, and hidden skill triggers across different Vanguards (Key Developments).
  • Abyssdia emphasizes emotional immersion with cinematic cutscenes, character-specific musical themes, and a "Let's Eat Together" bonding system that ties progression to character interactions instead of traditional stat grinding (Key Developments).
  • To support the launch, NHN is granting all new players a free SR-rank character, Elena, plus 1,400 EST, 10,000 Manarings, 10 draw Tickets, and 100 EXP Potions for logging in during the launch period (Key Developments).
  • Time-limited launch events run through May 7, including a Global Launch Login Bonus, the Endless Rabbit Story Quest, and Progressive missions that provide additional tickets, growth materials, stamina Potions, and Vanguard Gift Boxes (Key Developments).

Valuation Changes

  • Fair Value: The target has risen slightly from ₩38,280 to ₩40,700.
  • Discount Rate: The assumption has been trimmed slightly from 9.80% to 9.70%.
  • Revenue Growth: The forecast has been reduced from 12.43% to 9.34%.
  • Net Profit Margin: The projection has edged higher from 3.87% to 4.21%.
  • Future P/E: The assumed valuation multiple has increased from 10.25x to 10.86x.

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Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.