Netmarble Corporation

KOSE:A251270 Stock Report

Market Cap: ₩4.3t

Netmarble Valuation

Is A251270 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • 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 A251270 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A251270 (₩52900) is trading below our estimate of fair value (₩73039.32)

Significantly Below Fair Value: A251270 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A251270?

Key metric: As A251270 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for A251270. This is calculated by dividing A251270's market cap by their current revenue.
What is A251270's PS Ratio?
PS Ratio1.6x
Sales₩2.68t
Market Cap₩4.33t

Price to Sales Ratio vs Peers

How does A251270's PS Ratio compare to its peers?

The above table shows the PS ratio for A251270 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.6x
A036570 NCSOFT
2.5x10.6%₩4.0t
A263750 Pearl Abyss
5x23.7%₩1.7t
A293490 Kakao Games
1.5x9.5%₩1.4t
A259960 KRAFTON
5.4x10.0%₩14.2t
A251270 Netmarble
1.6x4.7%₩4.3t

Price-To-Sales vs Peers: A251270 is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (3.6x).

Price to Sales Ratio vs Industry

How does A251270's PS Ratio compare vs other companies in the KR Entertainment Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
A035760 CJ ENM
0.3x7.6%US$852.09m
A181710 NHN
0.3x8.2%US$420.76m
A036420 ContentreeJoongAng
0.2x10.0%US$121.36m
A051780 CUROHOLDINGS
0.2xn/aUS$10.10m
A251270 1.6xIndustry Avg. 1.5xNo. of Companies10PS01.22.43.64.86+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: A251270 is expensive based on its Price-To-Sales Ratio (1.6x) compared to the KR Entertainment industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is A251270'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.

A251270 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: A251270 is good value based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).

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 A251270 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₩52,900.00
₩66,772.73
+26.2%
25.2%₩96,000.00₩33,000.00n/a22
Dec ’25₩53,000.00
₩66,583.33
+25.6%
24.8%₩96,000.00₩33,000.00n/a24
Nov ’25₩55,500.00
₩68,458.33
+23.3%
23.8%₩96,000.00₩37,000.00n/a24
Oct ’25₩59,500.00
₩69,260.87
+16.4%
24.5%₩96,000.00₩34,000.00n/a23
Sep ’25₩60,900.00
₩69,000.00
+13.3%
24.3%₩96,000.00₩34,000.00n/a24
Aug ’25₩63,300.00
₩65,260.87
+3.1%
22.2%₩88,000.00₩34,000.00n/a23
Jul ’25₩55,000.00
₩63,500.00
+15.5%
22.9%₩86,000.00₩34,000.00n/a22
Jun ’25₩60,200.00
₩63,590.91
+5.6%
26.1%₩95,000.00₩34,000.00n/a22
May ’25₩55,900.00
₩57,045.45
+2.0%
23.4%₩75,000.00₩31,000.00n/a22
Apr ’25₩64,000.00
₩56,613.64
-11.5%
24.3%₩75,000.00₩31,000.00n/a22
Mar ’25₩61,700.00
₩56,613.64
-8.2%
24.3%₩75,000.00₩31,000.00n/a22
Feb ’25₩56,500.00
₩54,500.00
-3.5%
23.2%₩75,000.00₩30,000.00n/a23
Jan ’25₩58,100.00
₩53,204.55
-8.4%
23.6%₩78,000.00₩30,000.00n/a22
Dec ’24₩57,100.00
₩52,522.73
-8.0%
23.1%₩78,000.00₩30,000.00₩53,000.0022
Nov ’24₩38,800.00
₩54,868.42
+41.4%
25.9%₩78,000.00₩30,000.00₩55,500.0019
Oct ’24₩42,100.00
₩57,725.00
+37.1%
25.3%₩82,000.00₩30,000.00₩59,500.0020
Sep ’24₩43,250.00
₩57,642.86
+33.3%
25.2%₩82,000.00₩30,000.00₩60,900.0021
Aug ’24₩51,400.00
₩60,022.73
+16.8%
24.0%₩85,000.00₩30,000.00₩63,300.0022
Jul ’24₩49,100.00
₩62,152.17
+26.6%
26.6%₩91,000.00₩30,000.00₩55,000.0023
Jun ’24₩55,300.00
₩62,413.04
+12.9%
26.8%₩91,000.00₩30,000.00₩60,200.0023
May ’24₩64,800.00
₩60,547.83
-6.6%
26.3%₩91,000.00₩26,000.00₩55,900.0023
Apr ’24₩66,300.00
₩57,547.83
-13.2%
24.9%₩82,000.00₩26,000.00₩64,000.0023
Mar ’24₩61,800.00
₩53,982.61
-12.6%
22.6%₩78,000.00₩26,000.00₩61,700.0023
Feb ’24₩61,300.00
₩49,409.09
-19.4%
20.2%₩72,000.00₩26,000.00₩56,500.0022
Jan ’24₩60,400.00
₩50,863.64
-15.8%
24.2%₩78,000.00₩26,000.00₩58,100.0022
Dec ’23₩50,900.00
₩53,000.00
+4.1%
29.6%₩100,000.00₩26,000.00₩57,100.0023

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 13:41
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Netmarble Corporation is covered by 40 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jay HanBNP Paribas Securities (Asia)
Susie LeeBofA Global Research
Joon Kyu LeeBookook Securities Co. Ltd