Obermatt

Netmarble Games

KSC:251270 · KR7251270005
EntertainmentMedium

360

97
EV / EBIT67
Price / Owner Earnings69
Owner Earnings Yield75
Dividend Yield73
Price/Sales73
EV / Gross Profit82
Price/Book92
Return on Capital47
Cash Return on Capital49
Return on Equity48
EBIT Margin57
Gross Profitability71
Cash Conversion28
Accruals44
Owner Earnings Margin62
Sales growth21
Profit Growth65
Long-Term EPS Growth91
Owner Earnings Growth94
Reinvestment51
Price momentum34
Debt load51
Refinancing12
Debt Payback42
Liquidity37
Analyst ratings51
Opinion Changes62
Price Target Upside86
Market mood27
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Netmarble Games clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySouth Korea
IndustryEntertainment
SizeMedium
TypePublic Company
ExchangeKOSE
Employees427
ISINKR7251270005
Last UpdateApr 2, 2026
Themes
Video GamesGamingMobilePublishing

Description

Analysis

Bargain bin

Netmarble Corporation is priced cheaply, and that invites the natural question of why, since the underlying business scores below average.

On valuation, the picture is attractive. The owner-earnings multiple stands at 7.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -7% a year, against analyst forecasts of 25%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is sturdy. The company scores 10/20 on our value-creation score: creating some value. Analysts lean positive.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
42
2023202420252026

All-time high

72

Mar 2026

All-time low

14

Jan 2025

Average rank

34

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
73
64
46
46
Price/Earnings
72
44
5
29
Price/Book
92
91
78
66
Dividend Yield
73
1
45
53
Value (overall)
94
47
40
47

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →