NHN Past Earnings Performance
Past criteria checks 2/6
NHN's earnings have been declining at an average annual rate of -42.3%, while the Entertainment industry saw earnings growing at 1.1% annually. Revenues have been growing at an average rate of 7.5% per year. NHN's return on equity is 4.6%, and it has net margins of 2.3%.
Key information
-42.30%
Earnings growth rate
-41.40%
EPS growth rate
| Entertainment Industry Growth | 12.56% |
| Revenue growth rate | 7.50% |
| Return on equity | 4.63% |
| Net Margin | 2.30% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 24
A181710: Share Buyback And Higher Forward P/E Will Support Upside
The analyst fair value estimate for NHN has been adjusted from ₩47,000 to ₩48,000. Analysts attribute this change to updated assumptions around revenue growth, profit margins, the discount rate, and forward P/E.Narrative Update • Jun 07
A181710: Buyback Plan And Margin Outlook Will Likely Keep Shares Fairly Valued
Analysts have revised their price target on NHN from ₩40,700 to ₩47,000, reflecting updated assumptions for revenue growth, profit margins, and forward P/E that point to a somewhat higher estimated fair value. What's in the News NHN Corporation (KOSE:A181710) announced a share repurchase program that allows the company to buy back up to 431,525 shares, with the stated aim of supporting shareholder value and promoting stability of the stock price.Analysis Article • May 29
NHN (KRX:181710) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
NHN Corporation ( KRX:181710 ) announced strong profits, but the stock was stagnant. We did some digging, and we found...Narrative Update • Apr 27
A181710: Global Game Launch And Margin Outlook Will Likely Keep Shares Fairly Valued
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.Narrative Update • Apr 10
A181710: Global Game Launch Will Likely Keep Shares Near Fair Value
Analysts have lifted their fair value estimate for NHN from ₩37,780 to ₩38,280, citing updated assumptions around revenue growth, profit margin, and a lower future P/E multiple that together shape a slightly higher price target. What's in the News NHN rolled out the official global launch of collection RPG Abyssdia, developed by Ring Games, targeting players in North America and other international markets (Key Developments).Narrative Update • Mar 27
A181710: Global Game Launch Will Likely Leave Shares Vulnerable To Future Repricing
Analysts have raised their price target on NHN from ₩36,880 to ₩37,780, reflecting updated assumptions around revenue, profit margins, a slightly adjusted discount rate, and the future P/E outlook. What's in the News NHN announced the official global launch of "Abyssdia," a collection RPG developed by Ring Games, now available in North America and other international markets.Narrative Update • Mar 11
A181710: Global Game Launch And Buyback Will Support Balanced Future Outlook
Analysts have kept their fair value estimate for NHN steady at ₩36,880. The latest price target update mainly reflects a slightly higher discount rate and a marginally higher assumed future P/E multiple, rather than a change in the underlying growth or margin outlook.Narrative Update • Feb 24
A181710: Share Buyback And Revised Assumptions Will Support Balanced Future Outlook
Analysts now put their average fair value estimate for NHN at about ₩36,880 per share, up from roughly ₩33,533. This reflects updated assumptions around revenue growth, profit margins, the discount rate and a higher expected future P/E multiple.Narrative Update • Feb 08
A181710: Share Buyback And Refined Assumptions Will Support Steady Fair Value Outlook
Analysts have nudged their price target for NHN higher to ₩33,533 from ₩33,225, citing refined assumptions around the discount rate, revenue, profit margin, and future P/E that slightly lift their fair value view. What's in the News NHN completed a share repurchase program between October 23, 2025 and December 8, 2025, buying back 420,562 shares, equal to 1.35% of its shares, for a total of ₩12,831.39 million (Key Developments).Narrative Update • Jan 24
A181710: Share Repurchases And Tweaked Assumptions Will Shape Steady Fair Value Outlook
Analysts have nudged their fair value estimate for NHN higher from ₩32,828.57 to about ₩33,225. This reflects slightly updated views on discount rates, revenue growth, profit margins, and future P/E assumptions.Narrative Update • Jan 07
A181710: Share Repurchases And Revised Assumptions Will Support Stable Fair Value Outlook
Analysts have lifted their fair value estimate for NHN from ₩30,975 to about ₩32,829, citing updated assumptions for revenue growth, discount rate and future P/E that modestly adjust their long term outlook for the stock. What's in the News NHN completed a share repurchase of 420,562 shares, representing 1.35% of the company, for ₩12,831.39 million between October 23, 2025 and December 8, 2025 under the buyback announced on October 23, 2025 (Key Developments).Analysis Article • Jan 02
NHN (KRX:181710) Seems To Use Debt Quite Sensibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Dec 24
A181710: Share Repurchases Will Support Stable Outlook And Fairly Valued Prospects
Analysts have slightly raised their price target on NHN to ₩30,975, reflecting modestly lower discount rate and future P/E assumptions while maintaining their core views on revenue growth and profit margins. What's in the News Board of Directors authorizes a new share buyback plan on October 23, 2025, signaling continued commitment to shareholder returns (Key Developments) NHN announces a share repurchase program of up to 478,784 shares, aiming to enhance shareholder value and stabilize the stock price, with expiry set for January 23, 2026 (Key Developments) From October 23, 2025 to December 8, 2025, NHN completes the repurchase of 420,562 shares, or 1.35% of outstanding shares, for KRW 12,831.39 million under the authorized buyback (Key Developments) Valuation Changes Fair Value: Unchanged at ₩30,975, indicating no revision to the intrinsic value estimate.Narrative Update • Dec 10
A181710 Share Repurchases And New Game Release Will Support Future Stability
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).Narrative Update • Nov 26
A181710: Share Repurchase Program And New Game Release Will Support Stability
Analysts have raised their price target for NHN from ₩27,777.78 to ₩30,975.00. They cite improved revenue growth expectations, higher profit margins, and a lower discount rate as key drivers for the revision.Analysis Article • Nov 17
Insufficient Growth At NHN Corporation (KRX:181710) Hampers Share Price
NHN Corporation's ( KRX:181710 ) price-to-sales (or "P/S") ratio of 0.4x might make it look like a buy right now...Analysis Article • Sep 11
Does NHN (KRX:181710) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...New Narrative • Sep 03
Gaming, Cloud And AI Will Power Future Digital Trends
Key Takeaways Expansion in games, cloud, and AI-driven platforms positions NHN for stronger growth and improved operating margins through scale and high-margin, recurring revenues. Streamlining underperforming divisions and strengthening digital payment offerings are expected to enhance earnings quality and drive sustainable, profitable growth.Analysis Article • Jun 15
NHN Corporation (KRX:181710) Surges 40% Yet Its Low P/S Is No Reason For Excitement
NHN Corporation ( KRX:181710 ) shares have continued their recent momentum with a 40% gain in the last month alone...Analysis Article • Apr 30
NHN Corporation's (KRX:181710) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
The NHN Corporation ( KRX:181710 ) share price has done very well over the last month, posting an excellent gain of...Analysis Article • Sep 06
Improved Revenues Required Before NHN Corporation (KRX:181710) Shares Find Their Feet
When close to half the companies operating in the Entertainment industry in Korea have price-to-sales ratios (or "P/S...Analysis Article • Aug 13
There Are Reasons To Feel Uneasy About NHN's (KRX:181710) Returns On Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...Analysis Article • Mar 23
Returns At NHN (KRX:181710) Are On The Way Up
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Feb 05
Update: NHN (KRX:181710) Stock Gained 58% In The Last Five Years
The simplest way to invest in stocks is to buy exchange traded funds. But you can do a lot better than that by buying...Analysis Article • Jan 21
Is NHN (KRX:181710) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jan 06
Could The NHN Corporation (KRX:181710) Ownership Structure Tell Us Something Useful?
The big shareholder groups in NHN Corporation ( KRX:181710 ) have power over the company. Large companies usually have...Analysis Article • Dec 22
Is There More Growth In Store For NHN's (KRX:181710) Returns On Capital?
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...Analysis Article • Dec 07
Are NHN's (KRX:181710) Statutory Earnings A Good Guide To Its Underlying Profitability?
Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...Analysis Article • Nov 19
NHN Corporation (KRX:181710) Shares Could Be 39% Below Their Intrinsic Value Estimate
In this article we are going to estimate the intrinsic value of NHN Corporation (KRX:181710) by estimating the...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How NHN makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2,587,502 | 59,394 | 2,346,100 | 0 |
| 31 Dec 25 | 2,516,234 | 32,092 | 2,279,653 | 0 |
| 30 Sep 25 | 2,474,560 | -45,751 | 2,275,304 | 0 |
| 30 Jun 25 | 2,457,325 | -129,993 | 2,397,193 | 0 |
| 31 Mar 25 | 2,451,842 | -132,945 | 2,384,619 | 0 |
| 31 Dec 24 | 2,456,108 | -132,530 | 2,391,372 | 0 |
| 30 Sep 24 | 2,410,478 | -126,985 | 2,374,452 | 0 |
| 30 Jun 24 | 2,373,643 | -42,484 | 2,207,159 | 0 |
| 31 Mar 24 | 2,325,672 | -31,922 | 2,172,242 | 0 |
| 31 Dec 23 | 2,269,615 | -8,538 | 2,127,524 | 0 |
| 30 Sep 23 | 2,231,956 | 10,506 | 2,069,855 | 0 |
| 30 Jun 23 | 2,182,851 | 17,423 | 2,036,531 | 0 |
| 31 Mar 23 | 2,142,719 | -6,489 | 2,012,875 | 0 |
| 31 Dec 22 | 2,114,870 | -32,107 | 1,990,929 | 0 |
| 30 Sep 22 | 2,100,041 | 38,224 | 1,961,493 | 0 |
| 30 Jun 22 | 2,050,125 | 54,260 | 1,893,187 | 0 |
| 31 Mar 22 | 1,992,184 | 69,749 | 1,821,623 | 0 |
| 31 Dec 21 | 1,923,677 | 91,078 | 1,744,825 | 0 |
| 30 Sep 21 | 1,822,746 | 16,734 | 1,662,075 | 0 |
| 30 Jun 21 | 1,761,982 | 7,987 | 1,607,917 | 0 |
| 31 Mar 21 | 1,698,627 | 9,769 | 1,546,766 | 0 |
| 31 Dec 20 | 1,641,244 | 8,068 | 1,487,126 | 0 |
| 30 Sep 20 | 1,596,451 | 19,853 | 1,434,350 | 0 |
| 30 Jun 20 | 1,536,419 | 19,299 | 1,374,015 | 0 |
| 31 Mar 20 | 1,512,604 | 19,127 | 1,341,973 | 0 |
| 31 Dec 19 | 1,488,597 | 12,340 | 1,322,926 | 0 |
| 30 Sep 19 | 1,456,806 | 31,531 | 1,297,701 | 0 |
| 30 Jun 19 | 1,443,972 | 28,097 | 1,294,141 | 0 |
| 31 Mar 19 | 1,402,994 | 41,609 | 1,272,670 | 0 |
| 31 Dec 18 | 1,264,568 | 89,354 | 1,151,522 | 0 |
| 30 Sep 18 | 1,134,010 | 92,782 | 1,029,448 | 0 |
| 30 Jun 18 | 1,014,866 | 72,902 | 928,840 | 0 |
| 31 Mar 18 | 914,598 | 56,939 | 835,083 | 0 |
| 31 Dec 17 | 909,116 | 16,601 | 836,077 | 0 |
| 30 Sep 17 | 906,053 | -22,193 | 839,085 | 0 |
| 30 Jun 17 | 893,808 | -20,441 | 833,076 | 0 |
| 31 Mar 17 | 879,485 | 2,774 | 817,649 | 0 |
| 31 Dec 16 | 856,420 | 12,510 | 793,457 | 0 |
| 30 Sep 16 | 839,531 | 80,051 | 788,900 | 0 |
| 30 Jun 16 | 795,089 | 226,894 | 767,377 | 0 |
| 31 Mar 16 | 710,093 | 198,555 | 702,783 | 0 |
| 31 Dec 15 | 644,603 | 164,032 | 660,752 | 0 |
| 30 Sep 15 | 575,531 | 165,135 | 580,790 | 0 |
| 30 Jun 15 | 548,691 | 25,827 | 538,519 | 0 |
Quality Earnings: A181710 has high quality earnings.
Growing Profit Margin: A181710 became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: A181710's earnings have declined by 42.3% per year over the past 5 years.
Accelerating Growth: A181710 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: A181710 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Entertainment industry (-7.6%).
Return on Equity
High ROE: A181710's Return on Equity (4.6%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/28 05:27 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 world class team 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
NHN Corporation is covered by 22 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joon Kyu Lee | Bookook Securities Co. Ltd |
| Joshua Kim | CGS International |
| Incheol Yu | Citigroup Inc |