NAVER Corporation

KOSE:A035420 Stock Report

Market Cap: ₩36.2t

NAVER Future Growth

Future criteria checks 1/6

NAVER is forecast to grow earnings and revenue by 11.7% and 11.2% per annum respectively. EPS is expected to grow by 10.6% per annum. Return on equity is forecast to be 7.5% in 3 years.

Key information

11.7%

Earnings growth rate

10.64%

EPS growth rate

Interactive Media and Services earnings growth14.4%
Revenue growth rate11.2%
Future return on equity7.47%
Analyst coverage

Good

Last updated15 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 15

A035420: Sovereign AI Expansion Will Support Long-Term Upside Potential

Analysts have moderately raised their NAVER price target to approximately ₩302,000 from about ₩297,000, reflecting updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple. What's in the News NAVER plans to expand its sovereign AI infrastructure from 55 megawatts toward gigawatt scale using the NVIDIA DSX platform, with initial expansion at its GAK Sejong site.
Narrative Update • Jun 01

A035420: Higher Discount Rate Will Pressure Margins And Limit Upside Potential

Analysts have reset their NAVER price target from ₩260,000 to ₩230,000, citing revised assumptions around higher discount rates, updated revenue growth expectations, lower profit margins, and a slightly reduced future P/E multiple. What's in the News No recent NAVER specific news items or key developments were provided in the available sources.
Narrative Update • May 13

A035420: Adjusted Profitability Assumptions Will Support Long-Term Upside Potential

Analysts have trimmed their price target on NAVER from about ₩305,880 to roughly ₩296,846, citing updated assumptions that pair a slightly higher discount rate and P/E multiple with adjusted expectations for revenue growth and profit margins. Valuation Changes Fair Value Estimate has been trimmed from about ₩305,880 to roughly ₩296,846, reflecting the updated model inputs.
Narrative Update • Apr 26

A035420: Higher Profit Margins And Dividend Policy Will Support Long-Term Upside

Analysts now set NAVER's fair value at around ₩305,880, down from roughly ₩326,269. The revision reflects updated assumptions for a slightly higher discount rate, a small change in expected revenue growth, stronger profit margins, and a lower future P/E multiple.
Narrative Update • Apr 12

A035420: Higher Dividend And Margin Outlook Will Support Undervalued Upside Potential

Analysts are keeping NAVER's price target steady at ₩260,000, with updated assumptions that reflect more moderate revenue growth expectations, improved profit margin forecasts, and a slightly higher discount rate and P/E input. What's in the News NAVER Corporation announced an annual dividend of ₩2,630 per share, with payment scheduled for April 14, 2026, an ex-dividend date on February 26, 2026, and a record date on February 27, 2026 (Key Developments).
Narrative Update • Mar 28

A035420: Higher Terminal P/E Assumptions Will Support Undervalued Upside Potential

Analysts now set NAVER's fair value at ₩260,000, up from ₩246,454. This reflects updated assumptions for discount rate, revenue growth, profit margin, and future P/E.
Narrative Update • Mar 12

A035420: Dividend Policy And AI Partnership Will Support Long-Term Upside

Analysts have slightly increased their fair value estimate for NAVER to ₩326,269 from ₩325,235, reflecting adjusted assumptions around revenue growth, profit margins and a modestly lower future P/E multiple. What's in the News NAVER Corporation announced an annual dividend of ₩2,630 per share.
Analysis Article • Feb 09

NAVER's (KRX:035420) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of NAVER Corporation ( KRX:035420 ) has announced that it will be paying its dividend of ₩2630.00 on the 1st...
Narrative Update • Feb 02

A035420: Future Alliance And High P/E Assumptions Will Likely Overstate Upside

Analysts have raised their price target on NAVER from ₩205,137.70 to ₩246,453.74, citing updated assumptions related to revenue growth, profit margins and future P/E multiples. What's in the News note inc.
Narrative Update • Jan 18

A035420: Global Content Alliance And AI Partnership Will Support Long-Term Upside

Analysts have increased their fair value estimate for NAVER from ₩320,157.69 to ₩325,234.62, reflecting slightly revised assumptions around the discount rate, revenue growth, profit margin and future P/E. What's in the News note inc.
Analysis Article • Jan 14

Subdued Growth No Barrier To NAVER Corporation's (KRX:035420) Price

With a price-to-earnings (or "P/E") ratio of 18.2x NAVER Corporation ( KRX:035420 ) may be sending bearish signals at...
Narrative Update • Jan 04

A035420: Generative AI Creator Alliance Will Drive Stronger Long-Term Earnings Power

Analysts have modestly raised their price target for NAVER to ₩410,000. This reflects slightly lower growth and margin expectations, offset by a higher anticipated future P/E multiple, which together support a stable fair value outlook.
Analysis Article • Dec 30

Some Investors May Be Worried About NAVER's (KRX:035420) Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analysis Article • Dec 15

Should You Think About Buying NAVER Corporation (KRX:035420) Now?

NAVER Corporation ( KRX:035420 ) received a lot of attention from a substantial price movement on the KOSE over the...
Narrative Update • Dec 14

A035420: Generative AI Content Alliance Will Support Stronger Long-Term Earnings Power

Analysts have raised their fair value estimate for NAVER from ₩380,000 to ₩410,000 per share, citing stronger expected revenue growth that more than offsets a modestly higher discount rate and slightly lower profit margin assumptions, as well as support from a higher future P/E multiple. What's in the News NAVER forms a capital and business alliance with note inc., investing JPY 2 billion to jointly build a global ecosystem for creation and distribution in the generative AI era (Key Developments) The partnership targets cross-distribution of content and IP across NAVER and note inc.
Analysis Article • Nov 29

NAVER (KRX:035420) Seems To Use Debt Rather Sparingly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Narrative Update • Nov 29

A035420: Global Content Alliance And AI Initiatives Will Drive Long-Term Upside

Analysts have raised NAVER's price target from ₩312,669 to ₩320,158, citing updated forecasts that reflect slight adjustments in growth projections and valuation assumptions. What's in the News note inc.
Narrative Update • Nov 15

A035420: Profit Margins Expected To Strengthen With Modest Upward Forecast

Narrative Update on NAVER: Analyst Price Target Revision Analysts have raised their price target for NAVER from ₩300,531 to ₩312,669. They cite improved revenue growth and slightly higher profit margin expectations as key factors behind the upward adjustment.
Narrative Update • Nov 01

A035420: Sustained AI Integration And Platform Synergies Will Drive Future Value

Analyst Price Target Update for NAVER Analysts have maintained NAVER's price target at ₩300,531, citing slight improvements in revenue growth projections and a modest reduction in the discount rate as supporting factors for their stable outlook. Valuation Changes Fair Value remains unchanged at ₩300,531.
Narrative Update • Oct 17

Robust AI Integration And Cross-Platform Synergies Will Unlock Future Value

Analysts have modestly raised their price target for NAVER from ₩298,807 to ₩300,531, citing slightly improved revenue growth expectations and a marginal reduction in the assumed discount rate. Valuation Changes Fair Value: Increased slightly from ₩298,807 to ₩300,531.
Analysis Article • Oct 15

Calculating The Fair Value Of NAVER Corporation (KRX:035420)

Key Insights NAVER's estimated fair value is ₩279,989 based on 2 Stage Free Cash Flow to Equity Current share price of...
Narrative Update • Oct 03

Robust AI Integration And Cross-Platform Synergies Will Unlock Future Value

Analysts have raised their price target for NAVER from ₩293,703 to ₩298,807. They cite modest improvements in revenue growth projections and a slightly lower discount rate as key factors for the update.
Analysis Article • Sep 29

NAVER Corporation's (KRX:035420) 28% Share Price Surge Not Quite Adding Up

NAVER Corporation ( KRX:035420 ) shareholders would be excited to see that the share price has had a great month...
Analysis Article • Sep 22

The Returns On Capital At NAVER (KRX:035420) Don't Inspire Confidence

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Narrative Update • Sep 05

Robust AI Integration And Cross-Platform Synergies Will Unlock Future Value

NAVER's fair value metrics, including the consensus analyst price target, discount rate, and future P/E, all remained essentially unchanged this period, with the price target steady at ₩293,703. Valuation Changes Summary of Valuation Changes for NAVER The Consensus Analyst Price Target remained effectively unchanged, at ₩293703.
Analysis Article • Aug 29

Does NAVER (KRX:035420) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Aug 17

Is It Too Late To Consider Buying NAVER Corporation (KRX:035420)?

Today we're going to take a look at the well-established NAVER Corporation ( KRX:035420 ). The company's stock saw a...
Analysis Article • Jul 12

Should You Be Adding NAVER (KRX:035420) To Your Watchlist Today?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Jun 30

NAVER Corporation's (KRX:035420) Intrinsic Value Is Potentially 44% Above Its Share Price

Key Insights Using the 2 Stage Free Cash Flow to Equity, NAVER fair value estimate is ₩376,760 NAVER is estimated to be...
Analysis Article • Jun 18

Earnings Not Telling The Story For NAVER Corporation (KRX:035420) After Shares Rise 31%

NAVER Corporation ( KRX:035420 ) shareholders would be excited to see that the share price has had a great month...
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New Narrative • Nov 24

Unleashing AI And Fintech Innovations To Drive Profitable Global Expansion

NAVER's AI and hyper-personalized services aim to boost user engagement and ad revenue, enhancing margins through targeted advertising.

Earnings and Revenue Growth Forecasts

KOSE:A035420 - Analysts future estimates and past financials data (KRW Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202817,250,7622,603,7662,815,6694,186,61823
12/31/202715,208,6802,282,1652,506,8403,516,65328
12/31/202613,685,6671,928,5212,222,4292,731,53327
3/31/202612,489,2851,793,0261,424,9792,988,310N/A
12/31/202512,035,0071,932,5411,776,6983,095,807N/A
9/30/202511,725,5442,183,5632,050,1663,019,843N/A
6/30/202511,303,0461,977,5591,737,7962,489,558N/A
3/31/202510,998,4471,827,1781,866,0042,574,789N/A
12/31/202410,737,7191,912,9002,011,8902,589,874N/A
9/30/202410,389,1031,672,8161,834,8922,305,578N/A
6/30/202410,118,8381,528,2041,875,4072,412,800N/A
3/31/20249,916,2561,457,4811,565,8302,177,907N/A
12/31/20239,670,6441,001,9691,310,6062,002,233N/A
9/30/20239,405,383836,9241,159,4751,941,539N/A
6/30/20239,017,422718,139793,5321,576,153N/A
3/31/20238,655,299633,772834,7271,579,249N/A
12/31/20228,220,079749,900698,0801,453,390N/A
9/30/20227,876,061931,241797,1991,440,028N/A
6/30/20227,545,9841,006,180929,6521,531,775N/A
3/31/20227,163,7521,350,522813,8501,503,475N/A
12/31/20216,817,6001,489,945574,2541,379,906N/A
9/30/20216,402,5051,615,440451,9701,370,573N/A
6/30/20216,036,0291,537,624479,2421,416,338N/A
3/31/20215,648,5221,262,228408,9951,365,966N/A
12/31/20205,304,1461,298,114584,8241,447,212N/A
9/30/20204,970,5341,292,496754,2731,484,772N/A
6/30/20204,705,6101,280,112817,8181,447,335N/A
3/31/20204,000,0721,320,376813,8631,371,468N/A
12/31/20194,356,2401,106,937N/A1,356,843N/A
9/30/20194,693,736783,550N/A1,179,078N/A
6/30/20194,995,594640,815N/A1,087,014N/A
3/31/20195,788,706612,421N/A943,310N/A
12/31/20185,586,905643,827N/A973,506N/A
9/30/20185,336,304707,749N/A910,763N/A
6/30/20185,139,266822,870N/A989,357N/A
3/31/20184,905,282731,932N/A1,121,859N/A
12/31/20174,678,469775,434N/A939,982N/A
9/30/20174,497,548764,474N/A1,051,967N/A
6/30/20174,309,947749,393N/A989,313N/A
3/31/20174,167,597788,472N/A1,079,311N/A
12/31/20164,022,630761,140N/A1,164,024N/A
9/30/20163,829,071764,882N/A1,098,728N/A
6/30/20163,656,526704,658N/A1,028,313N/A
3/31/20163,450,641640,037N/A1,011,438N/A
12/31/20153,253,930595,979N/A851,367N/A
9/30/20153,109,338554,332N/A892,103N/A
6/30/20152,968,811559,128N/A780,842N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A035420's forecast earnings growth (11.7% per year) is above the savings rate (3.1%).

Earnings vs Market: A035420's earnings (11.7% per year) are forecast to grow slower than the KR market (33.4% per year).

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

Revenue vs Market: A035420's revenue (11.2% per year) is forecast to grow slower than the KR market (16.4% per year).

High Growth Revenue: A035420's revenue (11.2% 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 (7.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/17 07:28
End of Day Share Price 2026/06/17 00:00
Earnings2026/03/31
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 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 Github.

Analyst Sources

NAVER Corporation is covered by 47 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Seyon ParkBarclays
Min-joo KangBernstein
A-Hyung ChoBofA Global Research