Kakao Games Corp.

KOSDAQ:A293490 Stock Report

Market Cap: ₩1.3t

Kakao Games Valuation

Is A293490 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 A293490 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A293490 (₩15970) is trading below our estimate of fair value (₩24409.97)

Significantly Below Fair Value: A293490 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A293490?

Key metric: As A293490 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A293490. This is calculated by dividing A293490's market cap by their current revenue.
What is A293490's PS Ratio?
PS Ratio1.4x
Sales₩915.92b
Market Cap₩1.31t

Price to Sales Ratio vs Peers

How does A293490's PS Ratio compare to its peers?

The above table shows the PS ratio for A293490 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.8x
A263750 Pearl Abyss
7.3x23.7%₩2.3t
A112040 WemadeLtd
2x12.0%₩1.4t
A181710 NHN
0.2x8.3%₩568.5b
A251270 Netmarble
1.5x3.9%₩4.1t
A293490 Kakao Games
1.4x11.8%₩1.3t

Price-To-Sales vs Peers: A293490 is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (2.8x).

Price to Sales Ratio vs Industry

How does A293490's PS Ratio compare vs other companies in the KR Entertainment Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
A035760 CJ ENM
0.3x7.1%US$895.77m
A181710 NHN
0.2x8.3%US$408.18m
A036420 ContentreeJoongAng
0.2x6.8%US$122.77m
A042420 NEOWIZ HOLDINGS
0.3xn/aUS$86.37m
A293490 1.4xIndustry Avg. 1.5xNo. of Companies10PS01.22.43.64.86+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: A293490 is good value based on its Price-To-Sales Ratio (1.4x) compared to the KR Entertainment industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is A293490'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.

A293490 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio2x

Price-To-Sales vs Fair Ratio: A293490 is good value based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (1.9x).

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 A293490 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩15,970.00
₩18,941.18
+18.6%
20.7%₩28,000.00₩10,000.00n/a17
Nov ’25₩17,260.00
₩19,647.06
+13.8%
24.8%₩29,000.00₩10,000.00n/a17
Oct ’25₩17,500.00
₩20,411.76
+16.6%
25.2%₩29,000.00₩10,000.00n/a17
Sep ’25₩18,270.00
₩21,111.11
+15.6%
22.9%₩29,000.00₩10,000.00n/a18
Aug ’25₩19,240.00
₩23,500.00
+22.1%
21.1%₩33,000.00₩13,000.00n/a18
Jul ’25₩20,700.00
₩25,305.56
+22.2%
17.3%₩33,000.00₩17,000.00n/a18
Jun ’25₩21,350.00
₩25,305.56
+18.5%
17.3%₩33,000.00₩17,000.00n/a18
May ’25₩21,800.00
₩26,617.65
+22.1%
17.2%₩34,000.00₩17,000.00n/a17
Apr ’25₩23,700.00
₩27,205.88
+14.8%
16.3%₩34,000.00₩17,000.00n/a17
Mar ’25₩23,450.00
₩27,361.11
+16.7%
15.9%₩34,000.00₩17,000.00n/a18
Feb ’25₩24,500.00
₩28,368.42
+15.8%
16.7%₩38,000.00₩17,000.00n/a19
Jan ’25₩25,850.00
₩29,147.06
+12.8%
17.7%₩39,000.00₩20,000.00n/a17
Dec ’24₩26,200.00
₩30,305.56
+15.7%
22.9%₩50,000.00₩20,000.00n/a18
Nov ’24₩23,400.00
₩34,125.00
+45.8%
20.7%₩50,000.00₩20,000.00₩17,260.0016
Oct ’24₩25,450.00
₩35,812.50
+40.7%
19.5%₩50,000.00₩20,000.00₩17,500.0016
Sep ’24₩28,400.00
₩37,562.50
+32.3%
23.0%₩58,000.00₩20,000.00₩18,270.0016
Aug ’24₩32,850.00
₩40,562.50
+23.5%
21.3%₩58,000.00₩20,000.00₩19,240.0016
Jul ’24₩32,850.00
₩46,062.50
+40.2%
19.5%₩60,000.00₩23,000.00₩20,700.0016
Jun ’24₩39,300.00
₩46,823.53
+19.1%
18.3%₩60,000.00₩23,000.00₩21,350.0017
May ’24₩40,350.00
₩50,882.35
+26.1%
14.1%₩60,000.00₩32,000.00₩21,800.0017
Apr ’24₩41,700.00
₩51,312.50
+23.1%
14.4%₩60,000.00₩32,000.00₩23,700.0016
Mar ’24₩49,150.00
₩51,312.50
+4.4%
15.2%₩60,000.00₩32,000.00₩23,450.0016
Feb ’24₩46,850.00
₩50,312.50
+7.4%
20.1%₩70,000.00₩30,000.00₩24,500.0016
Jan ’24₩44,650.00
₩53,235.29
+19.2%
25.6%₩80,000.00₩30,000.00₩25,850.0017
Dec ’23₩43,250.00
₩53,000.00
+22.5%
25.6%₩80,000.00₩30,000.00₩26,200.0017
Nov ’23₩39,600.00
₩62,764.71
+58.5%
19.7%₩85,000.00₩41,000.00₩23,400.0017

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

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