NHN Corporation

KOSE:A181710 Stock Report

Market Cap: ₩559.0b

NHN Valuation

Is A181710 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A181710 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A181710 (₩16980) is trading below our estimate of fair value (₩53608.19)

Significantly Below Fair Value: A181710 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A181710?

Key metric: As A181710 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A181710. This is calculated by dividing A181710's market cap by their current revenue.
What is A181710's PS Ratio?
PS Ratio0.2x
Sales₩2.41t
Market Cap₩558.95b

Price to Sales Ratio vs Peers

How does A181710's PS Ratio compare to its peers?

The above table shows the PS ratio for A181710 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2x
A078340 Com2uS
0.8x12.2%₩514.5b
A095660 NEOWIZ
1x-0.3%₩397.0b
A069080 Webzen
1.9x11.2%₩441.1b
A101730 Wemade Max
4.1xn/a₩297.8b
A181710 NHN
0.2x8.5%₩559.0b

Price-To-Sales vs Peers: A181710 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (2x).

Price to Sales Ratio vs Industry

How does A181710's PS Ratio compare vs other companies in the KR Entertainment Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.1.5x12.3%
A181710 NHN
 0.2x8.5%US$397.97m
A035760 CJ ENM
0.3x7.7%US$888.52m
A036420 ContentreeJoongAng
0.2x9.4%US$122.56m
A181710 0.2xIndustry Avg. 1.5xNo. of Companies10PS01.22.43.64.86+
7 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.5x41.6%
A181710 NHN
 0.2x82.8%US$397.97m
No more companies

Price-To-Sales vs Industry: A181710 is good value based on its Price-To-Sales Ratio (0.2x) compared to the KR Entertainment industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is A181710's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A181710 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio1.4x

Price-To-Sales vs Fair Ratio: A181710 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (1.4x).

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 A181710 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩16,980.00
₩22,818.18
+34.4%
16.4%₩30,000.00₩18,000.00n/a11
Nov ’25₩16,450.00
₩23,500.00
+42.9%
18.7%₩30,000.00₩18,000.00n/a10
Oct ’25₩17,060.00
₩26,100.00
+53.0%
14.1%₩30,000.00₩20,000.00n/a10
Sep ’25₩19,940.00
₩27,272.73
+36.8%
18.7%₩39,000.00₩20,000.00n/a11
Aug ’25₩19,720.00
₩28,500.00
+44.5%
13.6%₩39,000.00₩24,000.00n/a12
Jul ’25₩20,550.00
₩28,769.23
+40.0%
13.4%₩39,000.00₩24,000.00n/a13
Jun ’25₩21,950.00
₩29,538.46
+34.6%
13.5%₩39,000.00₩24,000.00n/a13
May ’25₩23,700.00
₩30,153.85
+27.2%
12.8%₩39,000.00₩24,000.00n/a13
Apr ’25₩24,800.00
₩29,750.00
+20.0%
12.6%₩39,000.00₩24,000.00n/a12
Mar ’25₩26,550.00
₩29,750.00
+12.1%
12.6%₩39,000.00₩24,000.00n/a12
Feb ’25₩26,600.00
₩29,681.82
+11.6%
13.5%₩38,000.00₩23,500.00n/a11
Jan ’25₩23,350.00
₩31,100.00
+33.2%
12.8%₩38,000.00₩24,000.00n/a10
Dec ’24₩23,150.00
₩31,600.00
+36.5%
10.5%₩38,000.00₩26,000.00n/a10
Nov ’24₩21,650.00
₩33,400.00
+54.3%
14.6%₩46,000.00₩29,000.00₩16,450.0010
Oct ’24₩22,750.00
₩34,600.00
+52.1%
12.9%₩46,000.00₩29,000.00₩17,060.0010
Sep ’24₩26,000.00
₩34,636.36
+33.2%
12.3%₩46,000.00₩29,000.00₩19,940.0011
Aug ’24₩26,200.00
₩33,500.00
+27.9%
13.3%₩43,000.00₩25,000.00₩19,720.0012
Jul ’24₩24,600.00
₩32,727.27
+33.0%
12.8%₩39,000.00₩25,000.00₩20,550.0011
Jun ’24₩26,700.00
₩32,250.00
+20.8%
13.4%₩39,000.00₩25,000.00₩21,950.0012
May ’24₩27,150.00
₩31,666.67
+16.6%
14.8%₩39,000.00₩24,000.00₩23,700.0012
Apr ’24₩26,300.00
₩31,083.33
+18.2%
15.8%₩39,000.00₩24,000.00₩24,800.0012
Mar ’24₩29,000.00
₩31,083.33
+7.2%
15.8%₩39,000.00₩24,000.00₩26,550.0012
Feb ’24₩28,700.00
₩30,583.33
+6.6%
15.1%₩36,000.00₩24,000.00₩26,600.0012
Jan ’24₩24,900.00
₩29,833.33
+19.8%
13.3%₩36,000.00₩24,000.00₩23,350.0012
Dec ’23₩24,800.00
₩30,500.00
+23.0%
15.9%₩40,000.00₩24,000.00₩23,150.0012
Nov ’23₩23,200.00
₩31,500.00
+35.8%
12.3%₩40,000.00₩27,000.00₩21,650.0010

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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