Kakao Games Corp.

KOSDAQ:A293490 Stock Report

Market Cap: ₩1.0t

Kakao Games Future Growth

Future criteria checks 5/6

Kakao Games is forecast to grow earnings and revenue by 103.8% and 26.9% per annum respectively. EPS is expected to grow by 104.1% per annum. Return on equity is forecast to be 4.2% in 3 years.

Key information

103.8%

Earnings growth rate

104.14%

EPS growth rate

Entertainment earnings growth27.1%
Revenue growth rate26.9%
Future return on equity4.24%
Analyst coverage

Good

Last updated27 Aug 2026

Recent future growth updates

Recent updates

Narrative Update • Aug 07

A293490: Shareholder Meeting And New Share Issuance Limits Will Support Future Upside

The latest narrative update on Kakao Games reflects a revised analyst price target from ₩12,344 to ₩10,200, as analysts incorporate more conservative assumptions for revenue growth, profit margins and the future P/E multiple into their models. What’s in the News for Kakao Games On June 19, 2026, Kakao Games Corp.
Narrative Update • Jul 24

A293490: Revenue Reset And Share Issuance Limits Will Shape Future Returns

Analysts have reduced their price target for Kakao Games from ₩10,000 to ₩7,300, citing updated assumptions for revenue growth, profit margins, discount rate, and future P/E multiples. What’s in the News for Kakao Games On June 19, 2026, Kakao Games Corp.
Narrative Update • Jul 10

A293490: Upcoming Shareholder Meeting And Equity Moves Will Underpin Future Upside

Analysts have revised their price target for Kakao Games to approximately ₩12,344 from about ₩14,521, citing updated assumptions around revenue growth, profit margins, discount rates, and future P/E multiples. What’s in the News for Kakao Games Kakao Games closed a private placement transaction on June 19, 2026, indicating recent activity in its capital structure.
Narrative Update • Jun 26

A293490: Shareholder Meeting Will Reshape Board And Support Future Upside

Analysts have reduced their Kakao Games price target from ₩18,000 to ₩15,000, as they now assume higher revenue growth of 25.40% but a lower profit margin of 11.54% and a higher future P/E of 24.09, which leads to a slightly higher discount rate of 12.88%. What’s in the News for Kakao Games Kakao Games closed a private placement transaction on June 19, 2026, which may affect its capital structure and funding capacity.
New Narrative • Mar 13

Global AAA Pipeline And AI Adoption Will Reshape This Gaming Publisher’s Long-Term Earnings Profile

Catalysts About Kakao Games Kakao Games develops and publishes online and mobile games across PC, console and smartphone platforms with a growing focus on global releases. What are the underlying business or industry changes driving this perspective?
New Narrative • Feb 27

Future AAA Pipeline And Cost Discipline Will Support A Stable Long Term Outlook

Catalysts About Kakao Games Kakao Games operates as a publisher and developer of online and mobile games across PC, console and smartphone platforms with a growing focus on global releases. What are the underlying business or industry changes driving this perspective?
New Narrative • Feb 11

AAA Title Delays And Rising Costs Will Pressure Earnings Outlook

Catalysts About Kakao Games Kakao Games publishes and operates online and mobile games across PC, console and mobile platforms, with a growing focus on large AAA titles and global markets. What are the underlying business or industry changes driving this perspective?
Analysis Article • Jan 09

Kakao Games Corp.'s (KOSDAQ:293490) Price In Tune With Revenues

When you see that almost half of the companies in the Entertainment industry in Korea have price-to-sales ratios (or...
Analysis Article • Oct 28

Estimating The Fair Value Of Kakao Games Corp. (KOSDAQ:293490)

Key Insights The projected fair value for Kakao Games is ₩15,554 based on 2 Stage Free Cash Flow to Equity Kakao Games...
Analysis Article • Apr 13

Kakao Games Corp. (KOSDAQ:293490) Not Lagging Industry On Growth Or Pricing

It's not a stretch to say that Kakao Games Corp.'s ( KOSDAQ:293490 ) price-to-sales (or "P/S") ratio of 1.7x right now...
Analysis Article • Mar 05

A Look At The Fair Value Of Kakao Games Corp. (KOSDAQ:293490)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Kakao Games fair value estimate is ₩15,494 Current share price...
Analysis Article • Dec 13

Is Kakao Games (KOSDAQ:293490) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Dec 13

Kakao Games Corp.'s (KOSDAQ:293490) Shares Climb 34% But Its Business Is Yet to Catch Up

Kakao Games Corp. ( KOSDAQ:293490 ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • Aug 08

Estimating The Fair Value Of Kakao Games Corp. (KOSDAQ:293490)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Kakao Games fair value estimate is ₩19,134 Kakao Games...
Analysis Article • Jul 04

Kakao Games Corp.'s (KOSDAQ:293490) Shares May Have Run Too Fast Too Soon

There wouldn't be many who think Kakao Games Corp.'s ( KOSDAQ:293490 ) price-to-sales (or "P/S") ratio of 1.5x is worth...
Analysis Article • Apr 29

A Look At The Fair Value Of Kakao Games Corp. (KOSDAQ:293490)

Key Insights Kakao Games' estimated fair value is ₩23,433 based on 2 Stage Free Cash Flow to Equity Kakao Games...
Analysis Article • Apr 04

Getting In Cheap On Kakao Games Corp. (KOSDAQ:293490) Is Unlikely

With a median price-to-sales (or "P/S") ratio of close to 1.7x in the Entertainment industry in Korea, you could be...
Analysis Article • Feb 27

Is Kakao Games (KOSDAQ:293490) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Earnings and Revenue Growth Forecasts

KOSDAQ:A293490 - Analysts future estimates and past financials data (KRW Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028660,63358,56791,033102,3675
12/31/2027655,05049,07292,480137,7338
12/31/2026353,288-110,040-66,067-73,8005
6/30/2026384,303-127,026-57,077-54,620N/A
3/31/2026425,090-106,224-52,694-45,742N/A
12/31/2025465,019-96,561-53,559-44,267N/A
9/30/2025499,353-98,980-55,184-42,619N/A
6/30/2025534,735-134,073-66,144-50,190N/A
3/31/2025571,739-116,752-48,089-33,112N/A
12/31/2024627,227-93,72714,87327,388N/A
9/30/2024567,807-245,50742,52260,758N/A
6/30/2024631,188-229,895119,740141,004N/A
3/31/2024655,001-218,586131,312156,226N/A
12/31/2023725,821-219,07589,124124,621N/A
9/30/2023887,675-284,30570,132103,647N/A
6/30/2023968,333-289,63449,61468,931N/A
3/31/20231,130,506-244,947101,974122,081N/A
12/31/20221,147,693-233,641117,672133,825N/A
9/30/20221,198,734519,109220,803244,649N/A
6/30/20221,358,034565,550264,781296,191N/A
3/31/20221,148,705521,448211,114240,656N/A
12/31/20211,012,481528,656201,511227,786N/A
9/30/2021867,81596,865110,166147,125N/A
6/30/2021552,16275,20935,80172,440N/A
3/31/2021529,21093,27450,34782,096N/A
12/31/2020495,52185,97152,80182,289N/A
9/30/2020459,25359,55973,75879,088N/A
6/30/2020406,35635,20857,46261,582N/A
3/31/2020395,40516,776N/A60,677N/A
12/31/2019391,04010,996N/A70,251N/A
12/31/2018420,80518,969N/A73,399N/A
12/31/2017201,25661,729N/A44,355N/A
12/31/2016101,2806,703N/A4,302N/A
12/31/2015761-9,590N/A-4,006N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A293490 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.3%).

Earnings vs Market: A293490 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: A293490 is expected to become profitable in the next 3 years.

Revenue vs Market: A293490's revenue (26.9% per year) is forecast to grow faster than the KR market (14.1% per year).

High Growth Revenue: A293490's revenue (26.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A293490's Return on Equity is forecast to be low in 3 years time (4.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/15 17:50
End of Day Share Price 2026/09/15 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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Kakao Games Corp. is covered by 16 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jinhan ChunBofA Global Research
Susie LeeBofA Global Research
Jee-un LeeDaishin Securities Co. Ltd.