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    A036570   KR7036570000

NCSOFT CORPORATION

(A036570)
  Report
End-of-day quote Korea Stock Exchange  -  05-16
421500.00 KRW   +0.24%
05/13NCSoft's Net Profit Surges 110% in March Quarter
MT
05/13Korean Gaming Stocks Are Mixed After Quarterly Earnings
DJ
04/01Nomura Downgrades NCSoft to Neutral From Buy, Adjusts Price Target to 500,000 South Korean Won From 700,000 Won
MT
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NCsoft Rallies on Above-Consensus 3Q Results, Bet on Better 4Q Earnings

11/11/2021 | 12:18am EDT

By Kwanwoo Jun

NCsoft Corp.'s shares rallied Thursday, buoyed by its above-consensus third-quarter net profit and a strong performance of its newly launched multiplayer online role-playing game.

Shares of the South Korean gaming company jumped as much as 30% to 786,000 Korean won ($663.42) in morning trade. The stock was 29% higher at KRW781,000 in early afternoon trade, outperforming the benchmark Kospi index, which was 0.5% lower.

NCsoft reported a net profit of KRW99.50 billion for the third quarter ended September, down 35% from a year earlier but above a FactSet-compiled consensus for a KRW95.84 billion profit.

According to market analysts, investors are betting on much stronger earnings in the fourth quarter and thereafter, as NCsoft's "Lineage W" game has been successfully released in Asia and the Middle East.

Seoul-based EBEST Investment & Securities has raised its forecast for the new game's daily average revenue by 53% to KRW2.34 billion and lifted its 2022 net-profit forecast for NCsoft by 13%.

Investors were also buoyed by NCsoft's disclosure of its plan to launch a game using non-fungible tokens in 2022, analysts said.

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

(END) Dow Jones Newswires

11-11-21 0018ET

Stocks mentioned in the article
ChangeLast1st jan.
KOSPI COMPOSITE INDEX 0.65% 2621.04 Real-time Quote.-12.51%
NCSOFT CORPORATION 0.24% 421500 End-of-day quote.-34.45%
All news about NCSOFT CORPORATION
05/13NCSoft's Net Profit Surges 110% in March Quarter
MT
05/13Korean Gaming Stocks Are Mixed After Quarterly Earnings
DJ
04/01Nomura Downgrades NCSoft to Neutral From Buy, Adjusts Price Target to 500,000 South Kor..
MT
02/16Nomura Adjusts NCSoft's Price Target to 700,000 Won From 940,000 Won, Keeps at Buy
MT
02/16NCSoft's Net Income Surges Nearly 52% in Q4 FY21
MT
02/15Ncsoft Corporation, Q4 2021 Earnings Call, Feb 15, 2022
CI
02/15Ncsoft Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended ..
CI
2021NCSOFT CORPORATION : Ex-dividend day for final dividend
FA
2021SOUTH KOREA'S PRIMARY BENCHMARK KOSP : Nomura
MT
2021Game Developer -The Great Conquest Awaits - Lineage2M Is Now Available in North America..
AQ
More news
Analyst Recommendations on NCSOFT CORPORATION
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Financials
Sales 2022 2 842 B 2,24 B 2,24 B
Net income 2022 581 B 0,46 B 0,46 B
Net cash 2022 1 669 B 1,32 B 1,32 B
P/E ratio 2022 16,1x
Yield 2022 1,69%
Capitalization 8 560 B 6 747 M 6 747 M
EV / Sales 2022 2,42x
EV / Sales 2023 1,97x
Nbr of Employees -
Free-Float 72,6%
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Technical analysis trends NCSOFT CORPORATION
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 421 500,00 KRW
Average target price 636 583,33 KRW
Spread / Average Target 51,0%
EPS Revisions
Managers and Directors
Taek-Jin Kim President, Chief Executive Officer & Director
Jae-Soo Yoon Chief Financial Officer
Ma-Ro Shim Chief Technology Officer
Jin-Soo Jung Chief Operating Officer
Jong-Hwan Lee Head-Legal & Compliance Support
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