Company Valuation: NHN Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,628,897 857,202 787,030 560,897 907,658 2,096,040 - -
Change - -47.38% -8.19% -28.73% 61.82% 130.93% - -
Enterprise Value (EV) 1 841.7 268.4 257 163.3 -563.4 487.5 402.5 -95.96
Change - -68.12% -4.24% -36.46% -445% 186.54% -17.43% -123.84%
P/E 7.03x -39.2x -92.7x -4.37x 28.4x 22.3x 17.5x 13.7x
PBR 0.44x 0.52x 0.5x 0.41x 0.63x 1.42x 1.33x 1.23x
PEG - 0x 1.5x -0x -0x 0x 0.6x 0.5x
Capitalization / Revenue 0.85x 0.41x 0.35x 0.23x 0.36x 0.71x 0.65x 0.58x
EV / Revenue 0.44x 0.13x 0.11x 0.07x -0.22x 0.16x 0.12x -0.03x
EV / EBITDA 4.92x 2.24x 1.72x 2.27x -2.39x 1.52x 1.09x -0.23x
EV / EBIT 8.58x 6.59x 4.63x -5.01x -4.26x 2.41x 1.69x -0.35x
EV / FCF 5.49x -2.88x -1.68x -166x -1.8x 2.08x 1.89x -0.32x
FCF Yield 18.2% -34.7% -59.4% -0.6% -55.6% 48.1% 52.9% -314%
Dividend per Share 3 - - - - - 500 537.5 566.7
Rate of return - - - - - 0.74% 0.79% 0.83%
EPS 3 6,402 -636 -252 -4,039 1,023 3,052 3,881 4,961
Distribution rate - - - - - 16.4% 13.8% 11.4%
Net sales 1 1,920 2,116 2,270 2,456 2,516 2,967 3,234 3,607
EBITDA 1 171.2 119.7 149.5 71.85 235.8 320.7 370.9 424.3
EBIT 1 98.06 40.74 55.52 -32.62 132.4 202.4 238.7 278.1
Net income 1 115.5 -8.318 -8.538 -125.4 36.92 101.1 128.4 162
Net Debt 1 -787.2 -588.8 -530 -397.6 -1,471 -1,608 -1,694 -2,192
Reference price 3 45,000.00 24,900.00 23,350.00 17,650.00 29,050.00 68,000.00 68,000.00 68,000.00
Nbr of stocks (in thousands) 36,198 34,426 33,706 31,779 31,245 30,824 - -
Announcement Date 08/02/22 10/02/23 13/02/24 13/02/25 11/02/26 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.06x0.19x1.76x0.71% 1.54B
15.28x4.08x9.4x1.34% 503B
22.55x6.67x20.03x-.--% 344B
22.85x2.69x13.7x-.--% 156B
38.44x4.51x29.83x-.--% 115B
34.49x6.8x19.13x-.--% 108B
2.87x76.65x2.14x0.14% 95.28B
86.38x5.21x24.82x-.--% 98.03B
10.28x7.66x91.96x0.65% 90.28B
8.25x3.14x64.99x0.73% 35.2B
Average 26.44x 11.76x 27.77x 0.36% 154.68B
Weighted average by Cap. 24.02x 9.46x 21.00x 0.5%

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

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  3. A181710 Stock
  4. Valuation NHN Corporation