Financials Webzen Inc. OTC Markets

Equities

WZENY

US94846M1027

Internet Services

Delayed OTC Markets 12:54:23 2019-09-11 EDT 5-day change 1st Jan Change
4.4 USD +3.77% Intraday chart for Webzen Inc. +29.62% -21.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 507,220 1,059,515 865,463 449,369 481,782 497,695 - -
Enterprise Value (EV) 2 311.1 889.9 548.5 191.6 162.4 350.7 126.6 135.7
P/E ratio 11.9 x 12.3 x 10.1 x 6.25 x 8.36 x 7.77 x 7.13 x 3.99 x
Yield - - - - 1.83% 1.78% 2.24% 1.78%
Capitalization / Revenue 2.88 x 3.61 x 3.04 x 1.86 x 2.45 x 1.93 x 1.85 x 1.53 x
EV / Revenue 1.77 x 3.03 x 1.93 x 0.79 x 0.83 x 1.36 x 0.47 x 0.42 x
EV / EBITDA 5.23 x 7.83 x 5.09 x 2.18 x 2.87 x 4.68 x 1.51 x 1.38 x
EV / FCF 18.4 x 6.63 x 6.43 x 5.07 x 4.18 x 5.63 x 1.82 x 1.49 x
FCF Yield 5.45% 15.1% 15.6% 19.7% 24% 17.8% 55% 67.1%
Price to Book 1.43 x 2.45 x 1.71 x 0.8 x 0.77 x 0.73 x 0.73 x 0.54 x
Nbr of stocks (in thousands) 31,118 30,622 29,947 29,467 29,467 29,467 - -
Reference price 3 16,300 34,600 28,900 15,250 16,350 16,890 16,890 16,890
Announcement Date 20-02-06 21-02-03 22-02-09 23-02-16 24-02-07 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 176.1 293.7 284.8 242.1 196.3 257.3 268.4 325.9
EBITDA 1 59.42 113.7 107.6 87.94 56.53 74.93 84.12 98
EBIT 1 51.79 108.3 103 83 49.9 68.65 76.26 91
Operating Margin 29.42% 36.86% 36.17% 34.28% 25.42% 26.68% 28.41% 27.92%
Earnings before Tax (EBT) 1 57.05 116.1 121 105.3 71.92 90.85 101.3 170
Net income 1 42.6 86.26 86.86 72.39 - 75.87 82.72 148
Net margin 24.2% 29.37% 30.5% 29.9% - 29.49% 30.82% 45.41%
EPS 2 1,369 2,802 2,862 2,441 1,955 2,174 2,370 4,234
Free Cash Flow 3 16,952 134,285 85,303 37,764 38,889 62,300 69,650 91,000
FCF margin 9,628.95% 45,720.63% 29,953.53% 15,595.82% 19,812.03% 24,212.98% 25,946.21% 27,922.68%
FCF Conversion (EBITDA) 28,526.78% 118,080.35% 79,241.09% 42,943.35% 68,791.54% 83,140.57% 82,798.38% 92,857.14%
FCF Conversion (Net income) 39,789.61% 155,681.2% 98,209.21% 52,164.88% - 82,117.75% 84,199.71% 61,486.49%
Dividend per Share 2 - - - - 300.0 300.0 377.5 300.0
Announcement Date 20-02-06 21-02-03 22-02-09 23-02-16 24-02-07 - - -
1KRW in Billions2KRW3KRW in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q1 2025 Q2
Net sales 1 68.73 69.85 69.59 59.56 43.14 42.79 42.5 40.36 70.65 61.47 55.7 58.7 79.5 65.9 76.9
EBITDA - - - - - - - - - - - - - - -
EBIT 1 26.15 22.29 25.63 17.42 17.67 9.744 11.85 10.05 18.27 17.99 15.4 12.8 23.4 19 21.7
Operating Margin 38.05% 31.91% 36.83% 29.24% 40.96% 22.77% 27.87% 24.89% 25.86% 29.26% 27.65% 21.81% 29.43% 28.83% 28.22%
Earnings before Tax (EBT) 1 30.76 26.45 30.2 27.39 21.28 16.82 17.29 14.46 23.35 23.71 20.8 19.3 28.4 23.3 27.1
Net income 1 22.66 18.73 20.61 18.8 14.25 12.7 13.18 11.22 20.51 20.67 18.1 16.8 24.7 20.3 23.6
Net margin 32.97% 26.82% 29.62% 31.56% 33.04% 29.68% 31.01% 27.81% 29.03% 33.63% 32.5% 28.62% 31.07% 30.8% 30.69%
EPS 756.0 626.0 - 638.0 - - - - - 702.0 - - - 581.0 676.0
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 22-02-09 22-05-09 22-08-09 22-11-04 23-02-16 23-05-11 23-08-08 23-11-08 24-02-07 24-05-08 - - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 196 170 317 258 319 147 371 362
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 2 16,952 134,285 85,303 37,764 38,889 62,300 69,650 91,000
ROE (net income / shareholders' equity) 12.7% 21.8% 18.5% 13.5% 9.64% 11.6% 11.5% 17.5%
ROA (Net income/ Total Assets) 10.5% 18% 15% 11.5% 8.53% 10.1% 10.1% 15.8%
Assets 1 405.4 478.3 579 631.1 - 753.6 819 936.7
Book Value Per Share 3 11,428 14,129 16,894 19,104 21,098 23,223 23,148 31,050
Cash Flow per Share 3 629.0 3,430 2,904 2,302 2,305 2,239 2,710 -
Capex 1 2.62 1.14 2.85 1.61 21.1 1.5 4.4 -
Capex / Sales 1.49% 0.39% 1% 0.66% 10.75% 0.58% 1.64% -
Announcement Date 20-02-06 21-02-03 22-02-09 23-02-16 24-02-07 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
16,890 KRW
Average target price
23,300 KRW
Spread / Average Target
+37.95%
Consensus