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    A035420   KR7035420009

NAVER CORPORATION

(A035420)
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Naver : 2Q Net Profit More Than Tripled But Still Missed Consensus -- Earnings Review

07/29/2020 | 09:28pm EDT

By Kwanwoo Jun

 

Naver Corp. reported second-quarter results on Thursday. Here's what you need to know:

 

NET PROFIT: The South Korean internet group posted a net profit 90.70 billion Korean won ($76.2 million) compared with net profit of KRW27.80 billion in the same quarter a year earlier.

 

REVENUE: Second-quarter revenue rose 17% to KRW1.903 trillion, while operating profit gained 80% to KRW230.60 billion.

 

WHAT WE WATCHED:

--BELOW CONSENSUS: Naver's second-quarter net profit missed a FactSet consensus forecast for net profit of KRW167.31 billion.

--PANDEMIC: Still, solid growth in e-commerce and other expanding online businesses showed the company weathered the Covid-19 pandemic impact relatively well.

--SOLID GROWTH: The quarterly results were driven by the surging demand for online shopping and its expansion of online advertisements, paid content and other business platforms.

 

Write to Kwanwoo Jun at kwanwoo.jun@wsj.com

 

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Financials
Sales 2021 6 631 B 5,84 B 5,84 B
Net income 2021 16 406 B 14,5 B 14,5 B
Net cash 2021 1 697 B 1,50 B 1,50 B
P/E ratio 2021 3,77x
Yield 2021 0,10%
Capitalization 59 031 B 51 964 M 52 006 M
EV / Sales 2021 8,65x
EV / Sales 2022 6,48x
Nbr of Employees 15 148
Free-Float 90,1%
Chart NAVER CORPORATION
Duration : Period :
NAVER Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NAVER CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 32
Average target price 490 781,25 KRW
Last Close Price 398 000,00 KRW
Spread / Highest target 40,7%
Spread / Average Target 23,3%
Spread / Lowest Target 8,04%
EPS Revisions
Managers and Directors
NameTitle
Seong-Sook Han Chief Executive Officer & Director
Sang-Jin Park Chief Financial Officer
In-Hyuk Choi Chief Operating Officer & Director
Yeon-Ah Jeong Head-Legal Affairs & Compliance Support
Hae-Jin Lee Global Investment Officer
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