NAVER (KOSE:A035420) - Share price, News & Analysis

A035420 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	3/6
Past Performance	1/6
Financial Health	5/6
Dividends	0/6

A035420 Stock Overview

NAVER Corporation, together with its subsidiaries, provides internet and online search portal, and mobile messenger platform services in South Korea, Japan, and internationally.

Rewards

Earnings are forecast to grow 16.78% per year

Earnings have grown 18.2% per year over the past 5 years

Risk Analysis

Large one-off items impacting financial results

NAVER Competitors

Kakao

KOSE:A035720

₩35.8t

AfreecaTV

KOSDAQ:A067160

₩1.1t

Apple

NasdaqGS:AAPL

US$2.2t

Microsoft

NasdaqGS:MSFT

US$1.9t

Price History & Performance

Summary of all time highs, changes and price drops for NAVER
Historical stock prices
Current Share Price	₩277,500.00
52 Week High	₩465,000.00
52 Week Low	₩266,500.00
Beta	0.85
1 Month Change	-7.50%
3 Month Change	-10.19%
1 Year Change	-22.49%
3 Year Change	155.76%
5 Year Change	62.85%
Change since IPO	12,989.50%

Shareholder Returns

	A035420	KR Interactive Media and Services	KR Market
7D	0.7%	0.8%	1.6%
1Y	-22.5%	-25.8%	-14.2%

Return vs Industry: A035420 exceeded the KR Interactive Media and Services industry which returned -25.8% over the past year.

Return vs Market: A035420 underperformed the KR Market which returned -14.2% over the past year.

Price Volatility

Is A035420's price volatile compared to industry and market?
A035420 volatility
A035420 Average Weekly Movement	4.7%
Interactive Media and Services Industry Average Movement	5.2%
Market Average Movement	5.5%
10% most volatile stocks in KR Market	10.4%
10% least volatile stocks in KR Market	3.2%

Stable Share Price: A035420 is not significantly more volatile than the rest of KR stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: A035420's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	4,315	Soo-yeon Choi	https://www.navercorp.com

NAVER Corporation, together with its subsidiaries, provides internet and online search portal, and mobile messenger platform services in South Korea, Japan, and internationally. The company offers Naver, a search portal that offers various content topic boards; LINE, a messaging application; Naver Clova, an integrated AI platform; Papago, an automated interpretation application; WHALE, a web browser; Naver Map, a navigation application; V LIVE, a celebrities free global live streaming platform; Webtoon, a promotion system for mobile comics; SERIES, a paid content platform; SNOW, a camera; BAND, a mobile community platform; and AudioClip, an audio content platform. It also provides an online information distribution, business support, workforce supply, employee dispatch, software development and distribution, mobile service development, exhibition and performance planning, IT infrastructure, software consulting, mobile billing system planning and development, telecommunication, and mobile advertising services.

NAVER Fundamentals Summary

How do NAVER's earnings and revenue compare to its market cap?
A035420 fundamental statistics
Market Cap	₩41.47t
Earnings (TTM)	₩1.34t
Revenue (TTM)	₩7.16t

30.9x

P/E Ratio

5.8x

P/S Ratio

Is A035420 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
A035420 income statement (TTM)
Revenue	₩7.16t
Cost of Revenue	₩0
Gross Profit	₩7.16t
Other Expenses	₩5.82t
Earnings	₩1.34t

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	8.97k
Gross Margin	100.00%
Net Profit Margin	18.71%
Debt/Equity Ratio	15.4%

How did A035420 perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

6%

Payout Ratio

Valuation

Is NAVER undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

30.95x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: A035420 (₩277500) is trading above our estimate of fair value (₩248484.05)

Significantly Below Fair Value: A035420 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: A035420 is poor value based on its PE Ratio (30.9x) compared to the KR Interactive Media and Services industry average (15.9x).

PE vs Market: A035420 is poor value based on its PE Ratio (30.9x) compared to the KR market (14x).

Price to Earnings Growth Ratio

PEG Ratio: A035420 is poor value based on its PEG Ratio (1.8x)

Price to Book Ratio

PB vs Industry: A035420 is good value based on its PB Ratio (1.8x) compared to the KR Interactive Media and Services industry average (3.2x).

Future Growth

How is NAVER forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

16.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A035420's forecast earnings growth (16.8% per year) is above the savings rate (3.5%).

Earnings vs Market: A035420's earnings (16.8% per year) are forecast to grow faster than the KR market (14.7% per year).

High Growth Earnings: A035420's earnings are forecast to grow, but not significantly.

Revenue vs Market: A035420's revenue (14.2% per year) is forecast to grow faster than the KR market (9.7% per year).

High Growth Revenue: A035420's revenue (14.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A035420's Return on Equity is forecast to be low in 3 years time (7.9%).

Past Performance

How has NAVER performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

18.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A035420 has a large one-off gain of ₩491.1B impacting its March 31 2022 financial results.

Growing Profit Margin: A035420's current net profit margins (18.7%) are lower than last year (22.3%).

Past Earnings Growth Analysis

Earnings Trend: A035420's earnings have grown by 18.2% per year over the past 5 years.

Accelerating Growth: A035420's earnings growth over the past year (6.2%) is below its 5-year average (18.2% per year).

Earnings vs Industry: A035420 earnings growth over the past year (6.2%) underperformed the Interactive Media and Services industry 89.9%.

Return on Equity

High ROE: A035420's Return on Equity (5.6%) is considered low.

Financial Health

How is NAVER's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: A035420's short term assets (₩6,001.9B) exceed its short term liabilities (₩4,390.9B).

Long Term Liabilities: A035420's short term assets (₩6,001.9B) exceed its long term liabilities (₩5,634.4B).

Debt to Equity History and Analysis

Debt Level: A035420 has more cash than its total debt.

Reducing Debt: A035420's debt to equity ratio has increased from 8.4% to 15.4% over the past 5 years.

Debt Coverage: A035420's debt is well covered by operating cash flow (41.2%).

Interest Coverage: A035420 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is NAVER current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.18%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: A035420's dividend (0.18%) isn’t notable compared to the bottom 25% of dividend payers in the KR market (0.85%).

High Dividend: A035420's dividend (0.18%) is low compared to the top 25% of dividend payers in the KR market (2.75%).

Stability and Growth of Payments

Stable Dividend: A035420 is not paying a notable dividend for the KR market, therefore no need to check if payments are stable.

Growing Dividend: A035420 is not paying a notable dividend for the KR market, therefore no need to check if payments are increasing.

Earnings Payout to Shareholders

Earnings Coverage: A035420 is not paying a notable dividend for the KR market.

Cash Payout to Shareholders

Cash Flow Coverage: A035420 is not paying a notable dividend for the KR market.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average board tenure

CEO

Soo-yeon Choi

0.17

Tenure

Soo-yeon Choi serves as President, Chief Executive Officer & Inside Director at NAVER Corporation since March 2022. Work Experience: NAVER Corporation (Formerly NHN), Communications and Marketing; Yulchon...

Board Members

Experienced Board: A035420's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/23 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31