NC Corporation

KOSE:A036570 Stock Report

Market Cap: ₩4.1t

NC Future Growth

Future criteria checks 1/6

NC's earnings are forecast to decline at 7.2% per annum while its annual revenue is expected to grow at 15.7% per year. EPS is expected to decline by 10% per annum. Return on equity is forecast to be 12% in 3 years.

Key information

-7.2%

Earnings growth rate

-10.01%

EPS growth rate

Entertainment earnings growth26.8%
Revenue growth rate15.7%
Future return on equity11.98%
Analyst coverage

Good

Last updated09 Sep 2026

Recent future growth updates

Recent updates

Narrative Update • Aug 26

A036570: Higher Future P/E Assumptions Will Likely Support Upside Potential

Analysts have revised their fair value estimate for NC to ₩258,431 from ₩234,683, citing updated assumptions for revenue growth, profit margins, and future P/E expectations. What's in the News No recent NC specific news items or key developments are available from the provided sources as of 26 Aug 2026.
Analysis Article • Jul 20

Here's Why We Think NC (KRX:036570) Is Well Worth Watching

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update • Jul 16

A036570: Higher Profitability Assumptions Will Likely Offset Lower Future P/E Multiple

Analysts have lifted the NC price target from about ₩221,847 to roughly ₩234,683, reflecting updated assumptions for revenue growth, profit margins, and a lower projected future P/E multiple. What’s in the News for NC No recent NC specific news items were identified in the provided primary news stories.
Narrative Update • Jul 02

A036570: Lower Discount Rate Will Support Future Upside Potential

Analysts have raised their fair value estimate for NC from about ₩268,458 to roughly ₩340,435, reflecting updated views on its discount rate, revenue growth, profit margin and future P/E assumptions. What’s in the News for NC No recent company specific news items for NC are available from the provided sources.
Narrative Update • Jun 18

A036570: Higher P/E Assumptions Will Likely Pressure Future Stock Returns

The latest analyst update on NC lifts the fair value estimate from ₩197,004.91 to ₩221,846.86. Analysts cite adjustments to discount rate assumptions, revenue growth expectations, profit margin outlook and future P/E inputs as the key drivers behind the new price target.
Narrative Update • Jun 04

A036570: Lower Discount Rate Will Support Re Rating Potential

Analysts have raised their price target on NC from ₩380,000 to ₩440,000, citing updated assumptions that include higher projected revenue growth, a slightly improved profit margin outlook, a modestly lower discount rate, and a reduced future P/E multiple. What's in the News No recent company specific news items for NC were provided in the available sources.
Analysis Article • May 28

NC (KRX:036570) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Last week's profit announcement from NC Corporation ( KRX:036570 ) was underwhelming for investors, despite headline...
Analysis Article • May 21

Is It Too Late To Consider Buying NC Corporation (KRX:036570)?

While NC Corporation ( KRX:036570 ) might not have the largest market cap around , it saw a significant share price...
Narrative Update • May 12

A036570: Higher Future P/E Assumptions Will Support Re-Rating Potential

Analysts have revised their price target for NC from ₩360,000 to ₩380,000, citing updated assumptions around revenue growth, discount rate and future P/E, while profit margin expectations were slightly adjusted. Valuation Changes Fair Value: Revised from ₩360,000 to ₩380,000.
Narrative Update • Apr 24

A036570: Higher Future P/E And Dividend Outlook Will Support Re-Rating Potential

Analysts have nudged their fair value estimate for NC to ₩360,000, reflecting updated assumptions for a ₩360,000 price target, a modest adjustment to the discount rate, slightly lower revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News NCSOFT Corporation declared an annual dividend of ₩1,150.0000 per share, with payment scheduled for April 24, 2026 (Key Developments).
Narrative Update • Apr 10

A036570: Rich Multiple And Elevated Margin Assumptions Will Likely Constrain Future Returns

Analysts have nudged their price target for NCSOFT from ₩193,988 to ₩197,005, citing updated assumptions that combine a lower discount rate and P/E with higher revenue growth and profit margin expectations in their models. What's in the News NCSOFT Corporation announced an annual dividend of ₩1,150 per share, with payment scheduled for April 24, 2026, an ex dividend date of March 30, 2026, and a record date of March 31, 2026 (Key Developments).
Narrative Update • Mar 26

A036570: Higher Future P/E Assumptions Will Support Re-Rating Potential

Analysts have adjusted their price target on NCSOFT from about ₩310,000 to roughly ₩359,000, reflecting updated views on fair value, growth assumptions, profitability, and future P/E expectations. What's in the News NCSOFT Corporation announced an annual dividend of ₩1,150.0000 per share, scheduled to be paid on April 24, 2026, with an ex dividend date of March 30, 2026, and a record date of March 31, 2026 (Key Developments).
Narrative Update • Mar 11

A036570: Updated Cash Returns And Margin Outlook Will Sustain Balanced Opportunity And Risk

Analysts now put NCSOFT's fair value at ₩193,988, up from ₩180,029, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News NCSOFT Corporation announced an annual dividend of ₩1,150 per share, with payment scheduled for April 24, 2026 (Key Developments).
Narrative Update • Feb 25

A036570: Higher Margins And Dividend Outlook Will Support Future Upside

Analysts have nudged their fair value estimate for NCSOFT up by ₩6,000 to ₩268,458, reflecting updated assumptions that pair a slightly lower discount rate and P/E multiple with softer modeled revenue growth and higher profit margins. What's in the News NCSOFT has announced an annual dividend of ₩1,150.0000 per share, with payment scheduled for April 24, 2026 (Key Developments).
Analysis Article • Feb 12

NCSOFT's (KRX:036570) Dividend Is Being Reduced To ₩1150.00

The board of NCSOFT Corporation ( KRX:036570 ) has announced that the dividend on 24th of April will be reduced by 21...
Narrative Update • Feb 11

A036570: New Horizon Franchise MMORPG Announcements Will Sustain Excessive Optimism And Downside Risk

Analysts have raised their fair value estimate for NCSOFT from ₩178,362.89 to ₩180,029.25, citing updated assumptions for revenue growth, profit margins, a slightly lower discount rate, and a revised future P/E outlook. What's in the News NCSOFT unveiled Horizon Steel Frontiers, a new global MMORPG based on the Horizon universe, at G-Star 2025.
Analysis Article • Jan 31

Should You Think About Buying NCSOFT Corporation (KRX:036570) Now?

NCSOFT Corporation ( KRX:036570 ), is not the largest company out there, but it led the KOSE gainers with a relatively...
Narrative Update • Jan 26

A036570: New MMO Franchise And Global Pipeline Will Drive Future Upside

Analysts now place their price target fair value for NCSOFT at ₩262,458, up from ₩254,760, citing updated assumptions that include different revenue growth, profit margin, discount rate and future P/E inputs in their models. What's in the News NCSOFT unveiled Horizon Steel Frontiers, a new global MMORPG based on the Horizon universe, at Korea's G-Star 2025 game conference.
Analysis Article • Jan 13

Subdued Growth No Barrier To NCSOFT Corporation (KRX:036570) With Shares Advancing 26%

NCSOFT Corporation ( KRX:036570 ) shareholders would be excited to see that the share price has had a great month...
Narrative Update • Jan 12

A036570: New Game Announcements Will Sustain Excessive Optimism And Downside Risk

Analysts have lifted their fair value estimate for NCSOFT from ₩170,419.21 to ₩178,362.89 as they factor in updated assumptions for revenue growth, profit margin and future P/E, supported by a slightly lower discount rate in their models. What's in the News NCSOFT unveiled Horizon Steel Frontiers, a new global MMORPG based on the Horizon universe, at Korea's G-Star 2025 game conference.
Analysis Article • Jan 01

Is NCSOFT Corporation (KRX:036570) Trading At A 40% Discount?

Key Insights The projected fair value for NCSOFT is ₩338,511 based on 2 Stage Free Cash Flow to Equity NCSOFT is...
Narrative Update • Dec 25

A036570 Risks Will Rise As New Game Pipeline Drives Overoptimism

Analysts have raised their fair value estimate for NCSOFT from approximately $146,700 to about $170,400, citing expectations for stronger long term revenue growth. This more than offsets slightly lower profit margin assumptions and a higher projected valuation multiple.
Narrative Update • Dec 10

A036570 New Global MMORPG Pipeline Will Drive Future Upside

Analysts have modestly raised their price target on NCSOFT from ₩252,160 to ₩254,760, citing slightly improved profit margin expectations that more than offset marginally lower projected revenue growth and a small uptick in the discount rate. What's in the News NCSOFT unveiled Horizon Steel Frontiers, a new global MMORPG based on Sony's Horizon universe, at G-Star 2025, emphasizing advanced MMORPG systems and deep combat customization (Key Developments).
Analysis Article • Nov 26

NCSOFT's (KRX:036570) Profits Appear To Have Quality Issues

NCSOFT Corporation's ( KRX:036570 ) healthy profit numbers didn't contain any surprises for investors. However the...
Narrative Update • Nov 26

A036570: Revenue Strength And New Title Launches Will Drive Future Upside

Analysts have raised their price target for NCSOFT from ₩245,769 to ₩252,160. This reflects increased revenue growth expectations, despite a revised earnings outlook and higher future price-to-earnings estimates.
Narrative Update • Nov 12

A036570: Profit Margins Are Expected To Improve Amid Balanced Outlook

Analysts have raised their price target for NCSOFT from ₩239,592.59 to ₩245,769.23. This change is attributed to improved profit margin forecasts and a slightly lower discount rate, even though revenue growth expectations have moderated.
Analysis Article • Oct 17

Is NCSOFT (KRX:036570) Weighed On By Its Debt Load?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Aug 31

NCSOFT Corporation (KRX:036570) Shares Could Be 25% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for NCSOFT is ₩270,905 based on 2 Stage Free Cash Flow to Equity Current share...
Narrative Update • Aug 20

Releasing AION 2 And Utilizing AI Will Expand Future Global Presence

The notable upward revision in NCSOFT’s consensus analyst price target is primarily driven by higher revenue growth forecasts, with fair value rising from ₩225,346 to ₩239,577. Valuation Changes Summary of Valuation Changes for NCSOFT The Consensus Analyst Price Target has risen from ₩225346 to ₩239577.
Analysis Article • Aug 11

At ₩202,500, Is It Time To Put NCSOFT Corporation (KRX:036570) On Your Watch List?

KOSE:A036570 1 Year Share Price vs Fair Value Explore NCSOFT's Fair Values from the Community and select yours NCSOFT...
Analysis Article • Jun 30

NCSOFT Corporation's (KRX:036570) P/E Is Still On The Mark Following 35% Share Price Bounce

The NCSOFT Corporation ( KRX:036570 ) share price has done very well over the last month, posting an excellent gain of...
Analysis Article • May 20

Does NCSOFT (KRX:036570) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Mar 25

Weak Statutory Earnings May Not Tell The Whole Story For NCSOFT (KRX:036570)

The subdued market reaction suggests that NCSOFT Corporation's ( KRX:036570 ) recent earnings didn't contain any...
Analysis Article • Jan 23

Is NCSOFT (KRX:036570) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Jan 01

Why We're Not Concerned Yet About NCSOFT Corporation's (KRX:036570) 25% Share Price Plunge

NCSOFT Corporation ( KRX:036570 ) shares have had a horrible month, losing 25% after a relatively good period...
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New Narrative • Dec 30

Studio Restructuring And New Game Releases Set To Drive Revenue And Boost Margins

NCSOFT's diversification strategy in genres and platforms, along with upcoming new titles, aims to broaden audience and drive revenue growth.
Analysis Article • Nov 24

Here's What's Concerning About NCSOFT's (KRX:036570) Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Analysis Article • Oct 23

NCSOFT (KRX:036570) Has A Pretty Healthy Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Oct 03

Calculating The Fair Value Of NCSOFT Corporation (KRX:036570)

Key Insights NCSOFT's estimated fair value is ₩185,583 based on 2 Stage Free Cash Flow to Equity Current share price of...
Analysis Article • Sep 17

Ncsoft Corporation's (KRX:036570) Business Is Trailing The Market But Its Shares Aren't

With a price-to-earnings (or "P/E") ratio of 18.3x Ncsoft Corporation ( KRX:036570 ) may be sending very bearish...
Analysis Article • Aug 14

Be Wary Of Ncsoft (KRX:036570) And Its Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
Analysis Article • Jul 15

Is Ncsoft (KRX:036570) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jun 14

Calculating The Fair Value Of Ncsoft Corporation (KRX:036570)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Ncsoft fair value estimate is ₩217,650 With ₩186,600 share...
Analysis Article • May 29

Ncsoft's (KRX:036570) Soft Earnings Are Actually Better Than They Appear

Soft earnings didn't appear to concern Ncsoft Corporation's ( KRX:036570 ) shareholders over the last week. We think...
Analysis Article • May 28

What Ncsoft Corporation's (KRX:036570) P/E Is Not Telling You

Ncsoft Corporation's ( KRX:036570 ) price-to-earnings (or "P/E") ratio of 27.3x might make it look like a strong sell...
Analysis Article • Mar 30

Here's Why Ncsoft (KRX:036570) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Mar 15

Calculating The Fair Value Of Ncsoft Corporation (KRX:036570)

Key Insights Ncsoft's estimated fair value is ₩210,139 based on 2 Stage Free Cash Flow to Equity Current share price of...
Analysis Article • Feb 29

Ncsoft (KRX:036570) May Have Issues Allocating Its Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...

Earnings and Revenue Growth Forecasts

KOSE:A036570 - Analysts future estimates and past financials data (KRW Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,269,013496,756526,689571,08217
12/31/20273,071,976471,312456,527578,97322
12/31/20262,768,116456,470436,122511,14619
6/30/20262,092,138617,742238,318368,543N/A
3/31/20261,704,031457,691279,621358,596N/A
12/31/20251,506,925346,670110,997161,968N/A
9/30/20251,512,114341,593115,400151,402N/A
6/30/20251,554,015-31,60721,75157,320N/A
3/31/20251,540,49074,79949,74679,812N/A
12/31/20241,578,12394,21563,998107,041N/A
9/30/20241,606,425126,62382,292116,923N/A
6/30/20241,627,596196,73564,838142,981N/A
3/31/20241,698,974155,61871,421158,938N/A
12/31/20231,779,833212,139-19,039139,905N/A
9/30/20231,890,072153,570-23,743199,888N/A
6/30/20232,071,196291,774132,713368,077N/A
3/31/20232,260,228380,510233,470508,811N/A
12/31/20222,571,792435,715482,595736,014N/A
9/30/20222,781,006591,198512,385782,593N/A
6/30/20222,677,404509,132459,358728,526N/A
3/31/20222,586,668484,917189,251511,113N/A
12/31/20212,308,817396,893104,712391,087N/A
9/30/20212,112,992355,598100,256312,412N/A
6/30/20212,197,532409,010193,883377,656N/A
3/31/20212,197,557472,821487,952565,043N/A
12/31/20202,416,184587,403642,770707,646N/A
9/30/20202,388,682561,052655,651721,689N/A
6/30/20202,201,321521,230606,873649,313N/A
3/31/20202,073,540479,444N/A577,340N/A
12/31/20191,701,185358,174N/A392,249N/A
9/30/20191,567,007370,567N/A407,861N/A
6/30/20191,573,028350,097N/A345,426N/A
3/31/20191,598,703373,618N/A227,382N/A
12/31/20181,715,116418,185N/A352,800N/A
9/30/20181,848,790469,699N/A448,660N/A
6/30/20182,172,225651,435N/A736,890N/A
3/31/20181,994,388542,177N/A721,294N/A
12/31/20171,758,722440,967N/A595,173N/A
9/30/20171,510,015390,052N/A416,929N/A
6/30/20171,000,309163,655N/A108,879N/A
3/31/2017982,212223,591N/A166,080N/A
12/31/2016983,557272,269N/A112,023N/A
9/30/2016935,907247,512N/A188,863N/A
6/30/2016914,020229,621N/A189,800N/A
3/31/2016891,032195,976N/A234,909N/A
12/31/2015838,298165,393N/A241,337N/A
9/30/2015836,468185,711N/A235,407N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: A036570's earnings are forecast to decline over the next 3 years (-7.2% per year).

Earnings vs Market: A036570's earnings are forecast to decline over the next 3 years (-7.2% per year).

High Growth Earnings: A036570's earnings are forecast to decline over the next 3 years.

Revenue vs Market: A036570's revenue (15.7% per year) is forecast to grow faster than the KR market (14.3% per year).

High Growth Revenue: A036570's revenue (15.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: A036570's Return on Equity is forecast to be low in 3 years time (12%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 08:41
End of Day Share Price 2026/09/10 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

NC Corporation is covered by 37 analysts. 22 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
Joon Kyu LeeBookook Securities Co. Ltd