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Updated 4h ago
A112040 logo

Wemade Co.,Ltd.KOSDAQ:A112040 Stock Report

Market Cap ₩507.8b
Updated 4h ago
Share Price
n/a
1Y-44.4%
7D7.3%
1D3.7%
Portfolio Value
​
View

Wemade Co.,Ltd.

KOSDAQ:A112040 Stock Report

Market Cap: ₩507.8b

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

WemadeLtd (A112040) Stock Overview

Develops and publishes games in South Korea and internationally. More details

A112040 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance1/6
Financial Health4/6
Dividends3/6

Rewards

Trading at 90.5% below our estimate of its fair value

Earnings are forecast to grow 18.5% per year

Trading at good value compared to peers and industry

Risk Analysis

Profit margins (10.4%) are lower than last year (29.7%)

Unstable dividend track record

Volatile share price over the past 3 months compared to the KR market

Large one-off items impacting financial results


A112040 Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
48.1% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

Blockchain Gaming And Global Expansion Will Yield Opportunities Amid Risks

29
0
0

Top Analyst Narratives

A112040 logo
WemadeLtd
48.1% undervalued intrinsic discount

Blockchain Gaming And Global Expansion Will Yield Opportunities Amid Risks

View narrative
AN
AnalystConsensusTarget
AnalystConsensusTarget
Updated 16 Jun
Read Narrative
View all narratives

Wemade Co.,Ltd. Competitors

Com2uS

Symbol: KOSDAQ:A078340
Market cap: ₩357.1b

NEOWIZ

Symbol: KOSDAQ:A095660
Market cap: ₩341.2b

Webzen

Symbol: KOSDAQ:A069080
Market cap: ₩309.9b

T3 Entertainment

Symbol: KOSDAQ:A204610
Market cap: ₩172.7b

Price History & Performance

Summary of share price highs, lows and changes for WemadeLtd
Historical stock prices
Current Share Price₩15,570.00
52 Week High₩34,850.00
52 Week Low₩12,570.00
Beta0.70
1 Month Change-18.10%
3 Month Change-13.21%
1 Year Change-44.39%
3 Year Change-54.41%
5 Year Change-80.54%
Change since IPO22.84%

Recent News & Updates

Recent updates

User avatar
Narrative Update • Jun 16

A112040: Web3 Payment Alliance Will Drive Future Upside Potential

Analysts kept their ₩30,000 price target on WemadeLtd unchanged, citing updated assumptions that combine slightly lower revenue growth and a marginally reduced future P/E with a higher projected profit margin and a small adjustment to the discount rate. What's in the News for WemadeLtd WemadeLtd signed an MOU with NICE Information & Telecommunication to work on a Web3 and traditional finance payment infrastructure, combining blockchain capabilities with established payment systems.
User avatar
Narrative Update • Jun 01

A112040: Web3 Payments And Global PC Launch Will Drive Future Upside

Analysts have adjusted their price target for WemadeLtd from ₩34,000 to ₩30,000, citing updated assumptions for revenue growth, profit margins, and a higher expected future P/E multiple. What's in the News WemadeLtd signed an MOU with NICE Information & Telecommunication to work on a Web3 and traditional finance payment infrastructure, combining blockchain and payment technology expertise.
Analysis Article • May 28

There May Be Some Bright Spots In WemadeLtd's (KOSDAQ:112040) Earnings

The most recent earnings report from Wemade Co.,Ltd. ( KOSDAQ:112040 ) was disappointing for shareholders. Despite the...
User avatar
Narrative Update • May 08

A112040: Global PC Launch Will Support Margins And Long Term Upside

Analysts have kept their ₩34,000 price target for WemadeLtd unchanged, pointing to only small tweaks in inputs such as a slightly lower discount rate and marginally adjusted long term revenue growth, profit margin, and future P/E assumptions. What's in the News WemadeLtd plans to launch the global version of its flagship MMORPG, Legend of YMIR, on PC platform Steam on April 7, 2026, at 10:00 AM KST.
User avatar
Narrative Update • Apr 22

A112040: Global PC Rollout Will Support Margins And Undervalued Long Term Upside

Analysts now keep their fair value estimate for Wemade Ltd steady at ₩34,000, with only small tweaks to inputs such as the discount rate and assumed future P/E helping to refine rather than shift the overall price target narrative. What's in the News WEMADE plans to launch the global version of its flagship MMORPG, Legend of YMIR, on PC platform Steam on April 7, 2026, at 10:00 AM KST, positioning the title for broader international reach (Key Developments).
User avatar
Narrative Update • Apr 08

A112040: Global PC Launch Will Support Higher Margins And Undervalued Upside

Analysts have maintained their ₩34,000 price target for WemadeLtd, citing three key inputs behind the updated valuation framework: a lower assumed discount rate, a higher projected profit margin of 18.49%, and a reduced future P/E multiple of 9.44x. What's in the News WEMADE plans to launch the global version of its flagship MMORPG, Legend of YMIR, on PC platform Steam on April 7, 2026, at 10:00 AM KST, targeting broader global access for players.
User avatar
Narrative Update • Mar 24

A112040: Upcoming Global PC Launch Will Support A More Optimistic Outlook

Narrative Update on WemadeLtd The analyst price target for WemadeLtd remains at ₩34,000, with unchanged fair value assumptions and only minor adjustments to the discount rate, revenue growth, profit margin, and forward P/E inputs. Analysts view these changes as refinement rather than a shift in outlook.
User avatar
Narrative Update • Mar 10

A112040: Higher Revenue Expectations Will Support A More Optimistic Outlook

Analysts have reduced their price target on WemadeLtd from ₩37,000 to ₩34,000, reflecting updated assumptions for higher revenue growth, a slightly lower profit margin, a modestly higher discount rate and a somewhat lower future P/E multiple. Valuation Changes Fair Value: Price target reduced from ₩37,000 to ₩34,000, a modest cut to the implied equity value.
Analysis Article • Jan 29

There's Reason For Concern Over Wemade Co.,Ltd.'s (KOSDAQ:112040) Massive 35% Price Jump

Wemade Co.,Ltd. ( KOSDAQ:112040 ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • Dec 16

Investors Will Want WemadeLtd's (KOSDAQ:112040) Growth In ROCE To Persist

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Nov 20

WemadeLtd's (KOSDAQ:112040) Earnings Might Be Weaker Than You Think

Wemade Co.,Ltd. ( KOSDAQ:112040 ) posted some decent earnings, but shareholders didn't react strongly. Our analysis...
Analysis Article • Nov 13

Wemade Co.,Ltd.'s (KOSDAQ:112040) Shareholders Might Be Looking For Exit

It's not a stretch to say that Wemade Co.,Ltd.'s ( KOSDAQ:112040 ) price-to-sales (or "P/S") ratio of 1.6x right now...
User avatar
New Narrative • Aug 27

Blockchain Gaming And Global Expansion Will Yield Opportunities Amid Risks

Key Takeaways Aggressive expansion into blockchain gaming and new international markets is driving revenue diversification and supporting stronger recurring and high-margin earnings streams. Innovative monetization using WEMIX tokens and partnerships is boosting operating leverage while cloud technology enables global user growth and cost-efficient scaling.
Analysis Article • Jun 16

Wemade Co.,Ltd.'s (KOSDAQ:112040) 28% Share Price Surge Not Quite Adding Up

Wemade Co.,Ltd. ( KOSDAQ:112040 ) shares have had a really impressive month, gaining 28% after a shaky period...
Analysis Article • Jun 10

Are Investors Undervaluing Wemade Co.,Ltd. (KOSDAQ:112040) By 40%?

Key Insights The projected fair value for WemadeLtd is ₩49,759 based on 2 Stage Free Cash Flow to Equity WemadeLtd's...
Analysis Article • May 02

These 4 Measures Indicate That WemadeLtd (KOSDAQ:112040) Is Using Debt Extensively

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Mar 30

Shareholders In WemadeLtd (KOSDAQ:112040) Should Look Beyond Earnings For The Full Story

Even though Wemade Co.,Ltd. ( KOSDAQ:112040 ) posted strong earnings recently, the stock hasn't reacted in a large way...
Analysis Article • Mar 13

Investors Give Wemade Co.,Ltd. (KOSDAQ:112040) Shares A 26% Hiding

The Wemade Co.,Ltd. ( KOSDAQ:112040 ) share price has fared very poorly over the last month, falling by a substantial...
Analysis Article • Jan 08

Should You Investigate Wemade Co.,Ltd. (KOSDAQ:112040) At ₩38,650?

Wemade Co.,Ltd. ( KOSDAQ:112040 ), might not be a large cap stock, but it saw a decent share price growth of 18% on the...
Analysis Article • Dec 10

Are Investors Undervaluing Wemade Co.,Ltd. (KOSDAQ:112040) By 24%?

Key Insights Using the 2 Stage Free Cash Flow to Equity, WemadeLtd fair value estimate is ₩52,209 WemadeLtd's ₩39,600...
Analysis Article • Nov 17

Revenues Not Telling The Story For Wemade Co.,Ltd. (KOSDAQ:112040) After Shares Rise 25%

Despite an already strong run, Wemade Co.,Ltd. ( KOSDAQ:112040 ) shares have been powering on, with a gain of 25% in...
Analysis Article • Aug 12

Why We're Not Concerned Yet About Wemade Co.,Ltd.'s (KOSDAQ:112040) 26% Share Price Plunge

Unfortunately for some shareholders, the Wemade Co.,Ltd. ( KOSDAQ:112040 ) share price has dived 26% in the last thirty...
Analysis Article • Jul 01

We Think WemadeLtd (KOSDAQ:112040) Has A Fair Chunk Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Apr 17

Wemade Co.,Ltd.'s (KOSDAQ:112040) 32% Cheaper Price Remains In Tune With Revenues

Wemade Co.,Ltd. ( KOSDAQ:112040 ) shares have had a horrible month, losing 32% after a relatively good period...
Analysis Article • Feb 28

Wemade Co.,Ltd.'s (KOSDAQ:112040) Share Price Matching Investor Opinion

When you see that almost half of the companies in the Entertainment industry in Korea have price-to-sales ratios (or...

Shareholder Returns

A112040KR EntertainmentKR Market
7D7.3%-2.3%7.1%
1Y-44.4%-34.5%100.8%

Return vs Industry: A112040 underperformed the KR Entertainment industry which returned -34.5% over the past year.

Return vs Market: A112040 underperformed the KR Market which returned 100.8% over the past year.

Price Volatility

Is A112040's price volatile compared to industry and market?
A112040 volatility
A112040 Average Weekly Movement14.8%
Entertainment Industry Average Movement9.0%
Market Average Movement9.1%
10% most volatile stocks in KR Market16.5%
10% least volatile stocks in KR Market4.5%

Stable Share Price: A112040's share price has been volatile over the past 3 months compared to the KR market.

Volatility Over Time: A112040's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of KR stocks.

About the Company

FoundedEmployeesCEOWebsite
2000n/aKwan-Ho Parkwww.wemade.com

Wemade Co.,Ltd. develops and publishes games in South Korea and internationally. The company also offers games and contents based on augmented reality and virtual reality; and PC and mobile games.

Wemade Co.,Ltd. Fundamentals Summary

How do WemadeLtd's earnings and revenue compare to its market cap?
A112040 fundamental statistics
Market cap₩507.80b
Earnings (TTM)₩64.37b
Revenue (TTM)₩616.98b
8.2x
P/E Ratio
0.9x
P/S Ratio

Is A112040 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
A112040 income statement (TTM)
Revenue₩616.98b
Cost of Revenue₩314.95m
Gross Profit₩616.67b
Other Expenses₩552.29b
Earnings₩64.37b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.90k
Gross Margin99.95%
Net Profit Margin10.43%
Debt/Equity Ratio18.5%

How did A112040 perform over the long term?

See historical performance and comparison

Dividends

1.9%
Current Dividend Yield
15%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 09:41
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Wemade Co.,Ltd. is covered by 14 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Howon RimCGS International
Irene ChoCitigroup Inc
Lok-Hee KangDaishin Securities Co. Ltd.

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