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NC CorporationKOSE:A036570 Stock Report

Market Cap ₩5.2t
Share Price
₩270.50k
₩360k
24.9% undervalued intrinsic discount
1Y84.9%
7D-0.2%
Portfolio Value
View

NC Corporation

KOSE:A036570 Stock Report

Market Cap: ₩5.2t

NC (A036570) Stock Overview

Develops and publishes online games in Korea, Japan, Taiwan, the United States of America, Europe, and Canada. More details

A036570 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends2/6

A036570 Community Fair Values

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Community Contributor
US$2.5FV 53.6% undervalued intrinsic discount
3.1%Revenue growth p.a.
1.4k
6
1
20
21d ago

NC Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for NC
Historical stock prices
Current Share Price₩270,500.00
52 Week High₩293,000.00
52 Week Low₩144,000.00
Beta0.80
1 Month Change20.76%
3 Month Change15.35%
1 Year Change84.89%
3 Year Change-30.19%
5 Year Change-66.44%
Change since IPO945.41%

Recent News & Updates

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).

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).

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).

Recent updates

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).

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).

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).

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).

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).

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

Feb 12
NCSOFT's (KRX:036570) Dividend Is Being Reduced To ₩1150.00

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.

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

Jan 31
Should You Think About Buying NCSOFT Corporation (KRX:036570) Now?

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.

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

Jan 13
Subdued Growth No Barrier To NCSOFT Corporation (KRX:036570) With Shares Advancing 26%

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.

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

Jan 01
Is NCSOFT Corporation (KRX:036570) Trading At A 40% Discount?

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.

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).

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

Nov 26
NCSOFT's (KRX:036570) Profits Appear To Have Quality Issues

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.

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.

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

Oct 17
Is NCSOFT (KRX:036570) Weighed On By Its Debt Load?

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

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.

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

Shareholder Returns

A036570KR EntertainmentKR Market
7D-0.2%1.5%1.8%
1Y84.9%-9.0%147.3%

Return vs Industry: A036570 exceeded the KR Entertainment industry which returned -7.7% over the past year.

Return vs Market: A036570 underperformed the KR Market which returned 151.2% over the past year.

Price Volatility

Is A036570's price volatile compared to industry and market?
A036570 volatility
A036570 Average Weekly Movement8.6%
Entertainment Industry Average Movement7.7%
Market Average Movement9.1%
10% most volatile stocks in KR Market16.1%
10% least volatile stocks in KR Market4.7%

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 (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aByeong-Moo Parkwww.nc.com

NC Corporation, together with its subsidiaries, develops and publishes online games in Korea, Japan, Taiwan, the United States of America, Europe, and Canada. It also engages in software development, call center management, professional baseball team, creation of 3D resources, and mutual fund activities. The company was formerly known as NCSOFT Corporation and change its name to NC Corporation in April 2026.

NC Corporation Fundamentals Summary

How do NC's earnings and revenue compare to its market cap?
A036570 fundamental statistics
Market cap₩5.25t
Earnings (TTM)₩346.67b
Revenue (TTM)₩1.51t
15.1x
P/E Ratio
3.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
A036570 income statement (TTM)
Revenue₩1.51t
Cost of Revenue₩12.14b
Gross Profit₩1.49t
Other Expenses₩1.15t
Earnings₩346.67b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 13, 2026

Earnings per share (EPS)17.88k
Gross Margin99.19%
Net Profit Margin23.01%
Debt/Equity Ratio5.0%

How did A036570 perform over the long term?

See historical performance and comparison

Dividends

0.5%
Current Dividend Yield
8%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/30 06:38
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
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

NC Corporation is covered by 35 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Susie LeeBofA Global Research
Joon Kyu LeeBookook Securities Co. Ltd
Joshua KimCGS International