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NCSOFT CorporationKOSE:A036570 Stock Report

Market Cap ₩4.2t
Share Price
₩215.50k
My Fair Value
₩241.5k
10.8% undervalued intrinsic discount
1Y-4.0%
7D-2.7%
Portfolio Value
​
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NCSOFT Corporation

KOSE:A036570 Stock Report

Market Cap: ₩4.2t

NCSOFT (A036570) Stock Overview

Develops and publishes online games worldwide. More details

A036570 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 25.3% below our estimate of its fair value

Earnings are forecast to grow 80.95% per year

Risk Analysis

No risks detected for A036570 from our risk checks.

A036570 Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

A036570 logo
NCSOFT

Digital Transformation And Cloud Gaming Will Expand Global Markets

Key Takeaways Rapid expansion through new game launches, global market entry, and structural innovation positions NCSOFT for sustained growth and margin improvement. Diversified revenue streams from mobile gaming, cross-platform strategies, and integrated IP scaling enhance long-term market reach and earnings predictability.
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₩310k
FV
30.5% undervalued intrinsic discount
22.04%
Revenue growth p.a.
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25 days ago author updated this narrative
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NCSOFT

Legacy IP Fatigue And Rising Costs Will Constrain Future Returns

Key Takeaways Heavy reliance on aging legacy franchises and demographic headwinds are constraining user growth, raising risks of stagnant engagement and diminished profitability. Cost pressures, weak global expansion, and high competition in new segments are expected to suppress margins and limit long-term earnings growth.
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₩146.66k
FV
46.9% overvalued intrinsic discount
3.90%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
about 1 month ago author updated this narrative
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NCSOFT

Digital Trends And Southeast Asia Expansion Will Shape Future Success

Key Takeaways Expansion into new regions and platforms, along with AI-driven game enhancements, is broadening the customer base and diversifying revenue streams. Cost optimization and a shift to player-focused monetization strategies are improving profitability and supporting long-term earnings stability.
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₩239.59k
FV
10.1% undervalued intrinsic discount
14.13%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
about 1 month ago author updated this narrative
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NCSOFT Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for NCSOFT
Historical stock prices
Current Share Price₩215,500.00
52 Week High₩248,000.00
52 Week Low₩134,600.00
Beta0.91
1 Month Change8.84%
3 Month Change2.86%
1 Year Change-4.01%
3 Year Change-38.25%
5 Year Change-71.42%
Change since IPO732.85%

Recent News & Updates

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

Aug 31
NCSOFT Corporation (KRX:036570) Shares Could Be 25% Below Their Intrinsic Value Estimate

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

Aug 11
At ₩202,500, Is It Time To Put NCSOFT Corporation (KRX:036570) On Your Watch List?

Recent updates

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

Aug 31
NCSOFT Corporation (KRX:036570) Shares Could Be 25% Below Their Intrinsic Value Estimate

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

Aug 11
At ₩202,500, Is It Time To Put NCSOFT Corporation (KRX:036570) On Your Watch List?

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

Jun 30
NCSOFT Corporation's (KRX:036570) P/E Is Still On The Mark Following 35% Share Price Bounce

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

May 20
Does NCSOFT (KRX:036570) Have A Healthy Balance Sheet?

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

Mar 25
Weak Statutory Earnings May Not Tell The Whole Story For NCSOFT (KRX:036570)

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

Jan 23
Is NCSOFT (KRX:036570) Using Too Much Debt?

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

Jan 01
Why We're Not Concerned Yet About NCSOFT Corporation's (KRX:036570) 25% Share Price Plunge
User avatar

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.

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

Nov 24
Here's What's Concerning About NCSOFT's (KRX:036570) Returns On Capital

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

Oct 23
NCSOFT (KRX:036570) Has A Pretty Healthy Balance Sheet

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

Oct 03
Calculating The Fair Value Of NCSOFT Corporation (KRX:036570)

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

Sep 17
Ncsoft Corporation's (KRX:036570) Business Is Trailing The Market But Its Shares Aren't

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

Aug 14
Be Wary Of Ncsoft (KRX:036570) And Its Returns On Capital

Is Ncsoft (KRX:036570) A Risky Investment?

Jul 15
Is Ncsoft (KRX:036570) A Risky Investment?

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

Jun 14
Calculating The Fair Value Of Ncsoft Corporation (KRX:036570)

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

May 29
Ncsoft's (KRX:036570) Soft Earnings Are Actually Better Than They Appear

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

May 28
What Ncsoft Corporation's (KRX:036570) P/E Is Not Telling You

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

Mar 30
Here's Why Ncsoft (KRX:036570) Can Manage Its Debt Responsibly

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

Mar 15
Calculating The Fair Value Of Ncsoft Corporation (KRX:036570)

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

Feb 29
Ncsoft (KRX:036570) May Have Issues Allocating Its Capital

Ncsoft Corporation's (KRX:036570) Stock Been Rising: Are Strong Financials Guiding The Market?

Mar 06
Ncsoft Corporation's (KRX:036570) Stock Been Rising: Are Strong Financials Guiding The Market?

Ncsoft Corporation's (KRX:036570) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

Feb 21
Ncsoft Corporation's (KRX:036570) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?

Should You Be Adding Ncsoft (KRX:036570) To Your Watchlist Today?

Feb 07
Should You Be Adding Ncsoft (KRX:036570) To Your Watchlist Today?

Shareholder Returns

A036570KR EntertainmentKR Market
7D-2.7%-1.7%3.3%
1Y-4.0%6.6%32.6%

Return vs Industry: A036570 underperformed the KR Entertainment industry which returned 6.6% over the past year.

Return vs Market: A036570 underperformed the KR Market which returned 34.3% over the past year.

Price Volatility

Is A036570's price volatile compared to industry and market?
A036570 volatility
A036570 Average Weekly Movement5.6%
Entertainment Industry Average Movement5.1%
Market Average Movement4.9%
10% most volatile stocks in KR Market10.4%
10% least volatile stocks in KR Market2.4%

Stable Share Price: A036570 has not had significant price volatility in the past 3 months compared to the KR market.

Volatility Over Time: A036570's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19973,086Byeong-Moo Parkkr.ncsoft.com/kr/index.do

NCSOFT Corporation develops and publishes online games worldwide. The company games, including Lineage, Lineage2, AION, Blade & Soul, Blade & Soul 2, Guild Wars 2, Lineage M, Lineage2M, Lineage W, Throne and Liberty, Battle Crush, Hoyeon, etc. NCSOFT Corporation was founded in 1997 and is headquartered in Seongnam, South Korea.

NCSOFT Corporation Fundamentals Summary

How do NCSOFT's earnings and revenue compare to its market cap?
A036570 fundamental statistics
Market cap₩4.18t
Earnings (TTM)-₩31.61b
Revenue (TTM)₩1.55t
2.7x
P/S Ratio
-132.2x
P/E Ratio

Is A036570 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
A036570 income statement (TTM)
Revenue₩1.55t
Cost of Revenue₩12.06b
Gross Profit₩1.54t
Other Expenses₩1.57t
Earnings-₩31.61b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-1.63k
Gross Margin99.22%
Net Profit Margin-2.03%
Debt/Equity Ratio5.5%

How did A036570 perform over the long term?

See historical performance and comparison

Dividends

0.7%
Current Dividend Yield
-90%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/06 07:50
End of Day Share Price 2025/10/02 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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

NCSOFT Corporation is covered by 40 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Justin LeeBNP Paribas Securities (Asia)
Susie LeeBofA Global Research
Ahmad HalimCFRA Equity Research