Update shared on 10 Dec 2025
Analysts have raised their price target on NHN to ₩30,975, a modest upward revision supported by a slightly higher long term discount rate and valuation assumptions that reflect stable revenue growth and profit margin expectations.
What's in the News
- The Board of Directors authorized a new share repurchase plan on October 23, 2025, indicating confidence in NHN's valuation and capital position (Key Developments).
- NHN launched a share buyback program to repurchase up to 478,784 shares by January 23, 2026, with the stated aim of enhancing shareholder value and stabilizing the stock price (Key Developments).
- The company reported holding 2,500,233 treasury shares available for dividend distribution as of October 22, 2025, highlighting balance sheet flexibility for capital returns (Key Developments).
- NHN announced its first official game adaptation of the anime [OSHI NO KO], titled [OSHI NO KO] Match Star, which is scheduled for global release in 2026 alongside the anime's third season (Key Developments).
Valuation Changes
- Fair Value Estimate is unchanged at ₩30,975 per share, indicating no revision to the intrinsic value assessment.
- The Discount Rate has risen slightly from 9.94 percent to about 10.03 percent, reflecting a modestly higher required return.
- Revenue Growth is effectively unchanged around 7.88 percent, signaling stable long term top line expectations.
- The Net Profit Margin is effectively unchanged at roughly 5.40 percent, suggesting consistent profitability assumptions.
- The Future P/E has risen marginally from about 7.12x to 7.14x, indicating a slightly higher valuation multiple on forward earnings.
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