Financials Netmarble Corporation

Equities

A251270

KR7251270005

Internet Services

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
53,300 KRW +0.38% Intraday chart for Netmarble Corporation -6.49% -8.26%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,557,938 10,760,168 10,241,821 4,948,848 4,760,399 4,367,113 - -
Enterprise Value (EV) 2 5,500 10,224 9,282 6,460 4,760 6,010 5,814 5,281
P/E ratio 49.3 x 34.4 x 42.6 x -6.03 x - 93 x 45.1 x 46.9 x
Yield - 0.58% 0.42% - - 0.91% 0.96% 0.26%
Capitalization / Revenue 3.47 x 4.33 x 4.09 x 1.85 x 1.9 x 1.57 x 1.46 x 1.44 x
EV / Revenue 2.53 x 4.11 x 3.7 x 2.42 x 1.9 x 2.16 x 1.95 x 1.74 x
EV / EBITDA 17.1 x 26.6 x 30.8 x 52.2 x - 22.1 x 17.4 x 18.9 x
EV / FCF 18.9 x 63.2 x 182 x -14.5 x - 39.5 x 29.6 x 26.9 x
FCF Yield 5.28% 1.58% 0.55% -6.92% - 2.53% 3.37% 3.71%
Price to Book 1.72 x 1.99 x 1.7 x 0.88 x - 0.87 x 0.84 x 0.85 x
Nbr of stocks (in thousands) 81,796 81,826 81,935 81,935 81,935 81,935 - -
Reference price 3 92,400 131,500 125,000 60,400 58,100 53,300 53,300 53,300
Announcement Date 2/13/20 2/10/21 2/9/22 2/9/23 2/7/24 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,175 2,485 2,506 2,673 2,501 2,787 2,984 3,030
EBITDA 1 320.8 383.8 301.6 123.7 - 271.5 333.3 279.6
EBIT 1 201.8 272 154.5 -104.5 -69.6 98.72 168 156.9
Operating Margin 9.28% 10.95% 6.16% -3.91% -2.78% 3.54% 5.63% 5.18%
Earnings before Tax (EBT) 1 209.7 475.2 351.2 -944.9 -172.5 102.6 147.9 110
Net income 1 156 313 240.2 -906.4 -266.6 51.42 93.96 73.5
Net margin 7.17% 12.59% 9.59% -33.9% -10.66% 1.85% 3.15% 2.43%
EPS 2 1,876 3,822 2,932 -10,023 - 572.9 1,183 1,136
Free Cash Flow 3 290,651 161,816 51,107 -447,050 - 152,300 196,162 196,000
FCF margin 13,360.48% 6,512.32% 2,039.47% -16,722.11% - 5,464.83% 6,573.69% 6,468.19%
FCF Conversion (EBITDA) 90,597.56% 42,165.04% 16,946.42% - - 56,086.8% 58,847.29% 70,099.54%
FCF Conversion (Net income) 186,334.76% 51,706.46% 21,272.81% - - 296,175.47% 208,764.26% 266,666.67%
Dividend per Share 2 - 767.0 528.0 - - 487.2 513.2 139.1
Announcement Date 2/13/20 2/10/21 2/9/22 2/9/23 2/7/24 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 607 751.3 631.5 660.6 694.4 686.9 602.6 603.3 630.6 664.9 629.7 713.1 728.5 732.7
EBITDA 1 58.53 - - 21.53 20.82 35.69 20.08 10.85 24.43 - 24.3 69.8 90.65 89.6
EBIT 1 26.6 57.5 -11.95 -34.7 -38 -24.07 -28.2 -37.2 -21.9 17.7 -6.594 24.42 43.11 42.76
Operating Margin 4.38% 7.65% -1.89% -5.25% -5.47% -3.5% -4.68% -6.17% -3.47% 2.66% -1.05% 3.42% 5.92% 5.84%
Earnings before Tax (EBT) 1 56 138 -58.31 -167.1 -288.7 -429.8 -53.6 -64.7 -33 -21.2 -8.125 31.1 48.98 36.08
Net income 1 30.2 108 -43.04 -118.3 -245.3 -414.7 -37.7 -27.1 -19 -182.8 -8.8 9.4 25.66 20.43
Net margin 4.98% 14.37% -6.82% -17.91% -35.33% -60.38% -6.26% -4.49% -3.01% -27.49% -1.4% 1.32% 3.52% 2.79%
EPS 2 368.0 1,318 -525.0 - -2,992 -5,061 - - - - -210.0 -118.0 327.0 393.0
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/10/21 2/9/22 5/13/22 8/11/22 11/11/22 2/9/23 5/10/23 8/8/23 11/8/23 2/7/24 - - - -
1KRW in Billions2KRW
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 1,511 - 1,643 1,447 914
Net Cash position 1 2,057 537 959 - - - - -
Leverage (Debt/EBITDA) - - - 12.22 x - 6.052 x 4.341 x 3.269 x
Free Cash Flow 2 290,651 161,816 51,107 -447,050 - 152,300 196,163 196,000
ROE (net income / shareholders' equity) 3.53% 6.69% 4.34% -15.6% - 1.02% 2.34% 1.97%
ROA (Net income/ Total Assets) 2.78% 4.91% 2.54% -8.38% - 0.57% 1.51% 1.1%
Assets 1 5,620 6,377 9,444 10,815 - 9,023 6,237 6,682
Book Value Per Share 3 53,731 66,115 73,336 68,613 - 61,092 63,093 62,376
Cash Flow per Share 3 4,586 4,547 1,678 -4,984 - 2,324 2,730 2,151
Capex 1 90.6 210 86.4 38.7 - 66.2 61.4 20
Capex / Sales 4.16% 8.47% 3.45% 1.45% - 2.38% 2.06% 0.66%
Announcement Date 2/13/20 2/10/21 2/9/22 2/9/23 2/7/24 - - -
1KRW in Billions2KRW in Million3KRW
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
24
Last Close Price
53,300 KRW
Average target price
57,068 KRW
Spread / Average Target
+7.07%
Consensus
  1. Stock Market
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  4. Financials Netmarble Corporation