Company Valuation: Netmarble Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,241,821 4,948,848 4,760,399 4,236,017 3,953,343 2,964,386 - -
Change - -51.68% -3.81% -11.02% -6.67% -25.02% - -
Enterprise Value (EV) 1 9,282 6,460 6,021 4,774 4,613 3,251 3,174 2,982
Change - -30.4% -6.79% -20.71% -3.37% -29.54% -2.36% -6.05%
P/E 42.6x -6.03x -18.6x 168x 18.1x 6.51x 9.73x 9.83x
PBR 1.7x 0.88x 0.96x 0.78x 0.73x 0.53x 0.5x 0.49x
PEG - 0x 0.3x -2x 0x 0x -0.3x -10.01x
Capitalization / Revenue 4.09x 1.85x 1.9x 1.59x 1.39x 1x 0.97x 0.98x
EV / Revenue 3.7x 2.42x 2.41x 1.79x 1.63x 1.09x 1.04x 0.99x
EV / EBITDA 30.8x 52.2x 51.5x 12.9x 9.53x 7.22x 5.96x 5.82x
EV / EBIT 60.1x -61.8x -86.5x 22.1x 13.1x 10x 7.86x 7.99x
EV / FCF 182x -14.5x -44.8x 17.7x 15.9x 5.12x 8.62x 8.38x
FCF Yield 0.55% -6.92% -2.23% 5.66% 6.3% 19.5% 11.6% 11.9%
Dividend per Share 3 528 - - 417 876 916.5 973.2 1,083
Rate of return 0.42% - - 0.81% 1.82% 2.36% 2.51% 2.79%
EPS 3 2,932 -10,023 -3,120 308 2,665 5,959 3,987 3,948
Distribution rate 18% - - 135% 32.9% 15.4% 24.4% 27.4%
Net sales 1 2,506 2,673 2,501 2,664 2,835 2,973 3,046 3,026
EBITDA 1 301.6 123.7 117 370 484 450.4 532.2 512.7
EBIT 1 154.5 -104.5 -69.6 215.6 352.5 323.8 403.9 373.3
Net income 1 240.2 -906.4 -266.6 28.8 239.3 490.3 336.1 355.5
Net Debt 1 -959.5 1,511 1,261 538.1 660 286.3 209.4 17.27
Reference price 3 125,000.00 60,400.00 58,100.00 51,700.00 48,250.00 38,800.00 38,800.00 38,800.00
Nbr of stocks (in thousands) 81,935 81,935 81,935 81,935 81,935 80,119 - -
Announcement Date 09/02/22 09/02/23 07/02/24 13/02/25 05/02/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.51x1.14x7.54x2.36% 2.27B
13.56x2.84x7.05x2.52% 77.08B
21.47x3.87x13.71x14.56% 15.7B
11.48x1.49x4.36x0.98% 7.32B
27.72x2.72x12.83x1.63% 7.12B
13.96x2.52x11.45x4.56% 6.1B
14.22x3.45x9.02x5.25% 4.14B
15.89x5.45x12.91x3.16% 3.63B
18.7x2.28x11.18x4.48% 3.26B
10.1x1.04x4.66x1.31% 3.17B
Average 15.36x 2.68x 9.47x 4.08% 12.98B
Weighted average by Cap. 15.20x 2.87x 8.51x 4.06%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. A251270 Stock
  4. Valuation Netmarble Corporation