NCSOFT Corporation

KOSE:A036570 Stock Report

Market Cap: ₩4.1t

NCSOFT Valuation

Is A036570 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A036570 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A036570 (₩205500) is trading below our estimate of fair value (₩214532.17)

Significantly Below Fair Value: A036570 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A036570?

Key metric: As A036570 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A036570. This is calculated by dividing A036570's market cap by their current earnings.
What is A036570's PE Ratio?
PE Ratio20.9x
Earnings₩196.73b
Market Cap₩4.11t

Price to Earnings Ratio vs Peers

How does A036570's PE Ratio compare to its peers?

The above table shows the PE ratio for A036570 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17x
A259960 KRAFTON
15x8.8%₩13.4t
A069080 Webzen
6.8x14.8%₩443.2b
A225570 NEXON Games
37.8x70.1%₩875.2b
A095660 NEOWIZ
8.3x-3.5%₩399.4b
A036570 NCSOFT
20.9x22.6%₩4.1t

Price-To-Earnings vs Peers: A036570 is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (17x).

Price to Earnings Ratio vs Industry

How does A036570's PE Ratio compare vs other companies in the KR Entertainment Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
A052790 Actoz SoftLtd
2.3xn/aUS$48.17m
No more companies available in this PE range
A036570 20.9xIndustry Avg. 16.5xNo. of Companies7PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A036570 is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the KR Entertainment industry average (16.1x).

Price to Earnings Ratio vs Fair Ratio

What is A036570's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A036570 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.9x
Fair PE Ratio21.8x

Price-To-Earnings vs Fair Ratio: A036570 is good value based on its Price-To-Earnings Ratio (20.9x) compared to the estimated Fair Price-To-Earnings Ratio (21.8x).

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 A036570 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩205,500.00
₩226,535.71
+10.2%
22.7%₩350,000.00₩140,000.00n/a28
Nov ’25₩217,000.00
₩213,392.86
-1.7%
23.1%₩350,000.00₩130,000.00n/a28
Oct ’25₩191,000.00
₩203,629.63
+6.6%
22.4%₩350,000.00₩125,000.00n/a27
Sep ’25₩187,600.00
₩207,344.83
+10.5%
22.9%₩350,000.00₩125,000.00n/a29
Aug ’25₩177,500.00
₩218,071.43
+22.9%
17.8%₩350,000.00₩140,000.00n/a28
Jul ’25₩184,100.00
₩222,892.86
+21.1%
17.9%₩350,000.00₩150,000.00n/a28
Jun ’25₩190,300.00
₩224,857.14
+18.2%
16.9%₩350,000.00₩150,000.00n/a28
May ’25₩176,100.00
₩210,481.48
+19.5%
18.8%₩350,000.00₩140,000.00n/a27
Apr ’25₩206,000.00
₩212,962.96
+3.4%
18.3%₩350,000.00₩140,000.00n/a27
Mar ’25₩194,000.00
₩215,037.04
+10.8%
18.5%₩350,000.00₩140,000.00n/a27
Feb ’25₩199,400.00
₩252,892.86
+26.8%
23.7%₩430,000.00₩170,000.00n/a28
Jan ’25₩240,500.00
₩299,724.14
+24.6%
24.4%₩510,000.00₩170,000.00n/a29
Dec ’24₩281,000.00
₩312,482.76
+11.2%
21.6%₩510,000.00₩210,000.00n/a29
Nov ’24₩235,000.00
₩308,296.30
+31.2%
21.8%₩510,000.00₩210,000.00₩217,000.0027
Oct ’24₩222,500.00
₩329,407.41
+48.0%
22.1%₩510,000.00₩220,000.00₩191,000.0027
Sep ’24₩253,500.00
₩349,103.45
+37.7%
26.7%₩600,000.00₩220,000.00₩187,600.0029
Aug ’24₩282,000.00
₩417,285.71
+48.0%
21.6%₩630,000.00₩250,000.00₩177,500.0028
Jul ’24₩295,000.00
₩455,962.96
+54.6%
17.9%₩630,000.00₩270,000.00₩184,100.0027
Jun ’24₩321,000.00
₩468,607.14
+46.0%
17.8%₩630,000.00₩270,000.00₩190,300.0028
May ’24₩377,000.00
₩495,555.56
+31.4%
14.9%₩630,000.00₩320,000.00₩176,100.0027
Apr ’24₩371,500.00
₩523,703.70
+41.0%
14.0%₩630,000.00₩320,000.00₩206,000.0027
Mar ’24₩434,500.00
₩516,896.55
+19.0%
16.0%₩650,000.00₩300,000.00₩194,000.0029
Feb ’24₩458,500.00
₩515,500.00
+12.4%
15.7%₩640,000.00₩300,000.00₩199,400.0030
Jan ’24₩448,000.00
₩501,793.10
+12.0%
15.8%₩640,000.00₩300,000.00₩240,500.0029
Dec ’23₩464,000.00
₩501,793.10
+8.1%
15.8%₩640,000.00₩300,000.00₩281,000.0029
Nov ’23₩385,500.00
₩438,846.15
+13.8%
17.8%₩620,000.00₩300,000.00₩235,000.0026

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

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