Wemade Co.,Ltd.

KOSDAQ:A112040 Stock Report

Market Cap: ₩1.3t

WemadeLtd Valuation

Is A112040 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A112040 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A112040 (₩40450) is trading below our estimate of fair value (₩56290.8)

Significantly Below Fair Value: A112040 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A112040?

Key metric: As A112040 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A112040. This is calculated by dividing A112040's market cap by their current revenue.
What is A112040's PS Ratio?
PS Ratio2x
Sales₩665.46b
Market Cap₩1.32t

Price to Sales Ratio vs Peers

How does A112040's PS Ratio compare to its peers?

The above table shows the PS ratio for A112040 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.1x
A293490 Kakao Games
1.4x10.4%₩1.3t
A225570 NEXON Games
3.5x25.3%₩878.4b
A263750 Pearl Abyss
7.4x23.7%₩2.5t
A181710 NHN
0.2x8.3%₩561.9b
A112040 WemadeLtd
2x12.0%₩1.4t

Price-To-Sales vs Peers: A112040 is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (3.1x).

Price to Sales Ratio vs Industry

How does A112040's PS Ratio compare vs other companies in the KR Entertainment Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
A035760 CJ ENM
0.3x7.7%US$897.97m
A181710 NHN
0.2x8.3%US$402.33m
A036420 ContentreeJoongAng
0.2x9.3%US$123.11m
A042420 NEOWIZ HOLDINGS
0.3xn/aUS$86.32m
A112040 2.0xIndustry Avg. 1.5xNo. of Companies11PS01.22.43.64.86+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: A112040 is expensive based on its Price-To-Sales Ratio (2x) compared to the KR Entertainment industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is A112040's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A112040 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: A112040 is expensive based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst A112040 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩40,450.00
₩47,750.00
+18.0%
12.1%₩53,000.00₩38,000.00n/a4
Nov ’25₩38,400.00
₩44,333.33
+15.5%
11.1%₩50,000.00₩38,000.00n/a3
Oct ’25₩34,000.00
₩43,333.33
+27.5%
14.4%₩50,000.00₩35,000.00n/a3
Sep ’25₩33,300.00
₩48,000.00
+44.1%
20.3%₩62,000.00₩35,000.00n/a4
Aug ’25₩38,550.00
₩60,750.00
+57.6%
5.4%₩65,000.00₩56,000.00n/a4
Jul ’25₩43,400.00
₩63,250.00
+45.7%
8.0%₩70,000.00₩56,000.00n/a4
Jun ’25₩42,700.00
₩67,500.00
+58.1%
6.3%₩73,000.00₩62,000.00n/a4
May ’25₩47,300.00
₩74,250.00
+57.0%
13.5%₩90,000.00₩62,000.00n/a4
Apr ’25₩58,700.00
₩73,500.00
+25.2%
11.2%₩85,000.00₩62,000.00n/a4
Mar ’25₩46,550.00
₩69,750.00
+49.8%
6.9%₩75,000.00₩62,000.00n/a4
Feb ’25₩51,100.00
₩68,000.00
+33.1%
26.4%₩90,000.00₩40,000.00n/a4
Jan ’25₩60,900.00
₩66,666.67
+9.5%
30.8%₩90,000.00₩40,000.00n/a3
Dec ’24₩59,900.00
₩60,000.00
+0.2%
23.6%₩70,000.00₩40,000.00n/a3
Nov ’24₩39,450.00
₩50,000.00
+26.7%
15.0%₩58,000.00₩40,000.00₩38,400.003
Oct ’24₩36,900.00
₩58,333.33
+58.1%
9.1%₩65,000.00₩52,000.00₩34,000.003
Sep ’24₩35,850.00
₩58,333.33
+62.7%
9.1%₩65,000.00₩52,000.00₩33,300.003
Aug ’24₩36,700.00
₩59,000.00
+60.8%
3.7%₩62,000.00₩57,000.00₩38,550.003
Jul ’24₩39,050.00
₩59,000.00
+51.1%
3.7%₩62,000.00₩57,000.00₩43,400.003
Jun ’24₩46,950.00
₩59,000.00
+25.7%
3.7%₩62,000.00₩57,000.00₩42,700.003
May ’24₩55,600.00
₩56,666.67
+1.9%
16.6%₩70,000.00₩50,000.00₩47,300.003
Apr ’24₩50,200.00
₩56,666.67
+12.9%
16.6%₩70,000.00₩50,000.00₩58,700.003
Mar ’24₩53,400.00
₩54,750.00
+2.5%
16.1%₩70,000.00₩49,000.00₩46,550.004
Feb ’24₩38,050.00
₩64,000.00
+68.2%
23.4%₩90,000.00₩49,000.00₩51,100.005
Jan ’24₩31,550.00
₩64,000.00
+102.9%
23.4%₩90,000.00₩49,000.00₩60,900.005
Dec ’23₩38,000.00
₩64,000.00
+68.4%
23.4%₩90,000.00₩49,000.00₩59,900.005
Nov ’23₩45,850.00
₩69,800.00
+52.2%
20.7%₩90,000.00₩49,000.00₩39,450.005

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

NEOWIZ

₩385.0b

Develops and publishes games for PCs and mobiles in South Korea.

A095660

₩19,440.00

7D

-1.7%

1Y

-29.1%

NAVER

₩29.2t

Provides online search portal and online information services in South Korea, Japan, and internationally.

A035420

₩189,100.00

7D

0.3%

1Y

-8.0%

Nasmedia

₩160.2b

Operates as a digital marketing platform company in South Korea.

A089600

₩14,280.00

7D

2.7%

1Y

-30.5%