Kakao Games Corp.

KOSDAQ:A293490 Stock Report

Market Cap: ₩1.4t

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 (₩17610) is trading below our estimate of fair value (₩22623.35)

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 Ratio1.5x
Sales₩951.76b
Market Cap₩1.44t

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 Average2.2x
A263750 Pearl Abyss
5x23.7%₩1.7t
A112040 WemadeLtd
1.8x12.2%₩1.2t
A251270 Netmarble
1.6x4.7%₩4.3t
A181710 NHN
0.3x8.2%₩608.0b
A293490 Kakao Games
1.5x9.5%₩1.4t

Price-To-Sales vs Peers: A293490 is good value based on its Price-To-Sales Ratio (1.5x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

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

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
A035760 CJ ENM
0.3x7.6%US$850.86m
A181710 NHN
0.3x8.2%US$420.16m
A036420 ContentreeJoongAng
0.2x10.0%US$121.19m
A051780 CUROHOLDINGS
0.2xn/aUS$10.08m
A293490 1.5xIndustry Avg. 1.6xNo. of Companies10PS01.22.43.64.86+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: A293490 is good value based on its Price-To-Sales Ratio (1.5x) compared to the KR Entertainment industry average (1.6x).

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 Ratio1.5x
Fair PS Ratio1.9x

Price-To-Sales vs Fair Ratio: A293490 is good value based on its Price-To-Sales Ratio (1.5x) 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₩17,610.00
₩18,500.00
+5.1%
17.9%₩23,000.00₩10,000.00n/a16
Dec ’25₩18,150.00
₩19,000.00
+4.7%
20.1%₩28,000.00₩10,000.00n/a18
Nov ’25₩17,260.00
₩19,666.67
+13.9%
24.1%₩29,000.00₩10,000.00n/a18
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₩20,000.00₩18,150.0018
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 18:26
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Kakao Games Corp. is covered by 26 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Susie LeeBofA Global Research
Joon Kyu LeeBookook Securities Co. Ltd
Jee-un LeeDaishin Securities Co. Ltd.