Company Valuation: Webzen Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 10,59,515 8,65,463 4,49,369 4,81,782 4,03,990 4,34,258 - -
Change - -18.32% -48.08% 7.21% -16.15% 7.49% - -
Enterprise Value (EV) 1 889.9 548.5 191.6 162.4 -35.31 -8.342 -69.28 -35.64
Change - -38.37% -65.06% -15.26% -121.75% 76.38% -730.46% 48.55%
P/E ratio 12.3x 10.1x 6.25x 8.36x 7.1x 10.2x 7.79x 7.08x
PBR 2.45x 1.71x 0.8x 0.77x 0.6x 0.69x 0.64x 0.63x
PEG - 4.72x -0.4x -0.4x -6.04x -0.4x 0.3x 0.7x
Capitalization / Revenue 3.61x 3.04x 1.86x 2.45x 1.88x 2.11x 1.75x 1.59x
EV / Revenue 3.03x 1.93x 0.79x 0.83x -0.16x -0.04x -0.28x -0.13x
EV / EBITDA 7.83x 5.09x 2.18x 2.87x -0.57x -0.09x -0.67x -0.25x
EV / EBIT 8.22x 5.32x 2.31x 3.25x -0.65x -0.17x -1.08x -0.48x
EV / FCF 6.63x 6.43x 5.07x 4.18x -0.58x -0.26x -1.14x -0.45x
FCF Yield 15.1% 15.6% 19.7% 24% -172% -387% -87.7% -222%
Dividend per Share 3 - - - 300 370 358.8 366.2 380
Rate of return - - - 1.83% 2.7% 2.4% 2.45% 2.54%
EPS 3 2,802 2,862 2,441 1,955 1,932 1,468 1,917 2,111
Distribution rate - - - 15.3% 19.2% 24.4% 19.1% 18%
Net sales 1 293.7 284.8 242.1 196.3 214.7 205.8 248.7 273.8
EBITDA 1 113.7 107.6 87.94 56.53 61.45 93 103.1 144.8
EBIT 1 108.3 103 83 49.9 54.55 49.2 64.35 73.65
Net income 1 86.26 86.86 72.39 - 56.94 50.92 66.62 73.05
Net Debt 1 -169.6 -317 -257.8 -319.4 -439.3 -442.6 -503.5 -469.9
Reference price 3 34,600.00 28,900.00 15,250.00 16,350.00 13,710.00 14,940.00 14,940.00 14,940.00
Nbr of stocks (in thousands) 30,622 29,947 29,467 29,467 29,467 29,067 - -
Announcement Date 03/02/21 09/02/22 16/02/23 07/02/24 12/02/25 - - -
1KRW in Million2KRW in Billions3KRW
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.77x-0.12x-0.27x2.5% 32Cr
16.79x3.83x11.13x2.2% 8.14TCr
24.53x3.89x13.1x0.91% 1.55TCr
22.86x - - -.--% 1.25TCr
14.22x3.71x7.82x-.--% 1.19TCr
37.41x3.03x18.11x1.28% 814.08Cr
14.29x1.96x11.24x5.66% 567.75Cr
42.52x3.91x25.04x1.23% 403.85Cr
21.88x2.15x14.59x0.78% 367.71Cr
22.25x4.7x13.19x3.64% 317.48Cr
Average 22.65x 3.01x 12.66x 1.82% 1.46TCr
Weighted average by Cap. 19.91x 3.67x 12.03x 1.75%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield