Financials NHN Corporation

Equities

A181710

KR7181710005

Internet Services

End-of-day quote Korea S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
22,900 KRW -0.43% Intraday chart for NHN Corporation +1.78% -1.93%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,250,359 1,394,189 1,628,897 857,202 787,030 773,244 - -
Enterprise Value (EV) 2 895.8 932.8 841.7 268.4 787 231.5 226.2 185.2
P/E ratio 102 x 65 x 7.03 x -39.2 x -92.7 x 12.5 x 9.82 x 7 x
Yield - - - - - 1.75% 1.75% 3.28%
Capitalization / Revenue 0.84 x 0.83 x 0.85 x 0.41 x 0.35 x 0.3 x 0.28 x 0.24 x
EV / Revenue 0.6 x 0.55 x 0.44 x 0.13 x 0.35 x 0.09 x 0.08 x 0.06 x
EV / EBITDA 5.72 x 5.31 x 4.92 x 2.24 x 5.27 x 1.14 x 1 x 0.59 x
EV / FCF 17.7 x 9.76 x 5.49 x -2.88 x - 1.74 x 1.77 x 1.7 x
FCF Yield 5.64% 10.2% 18.2% -34.7% - 57.4% 56.6% 58.8%
Price to Book 0.79 x 0.87 x 0.44 x 0.52 x - 0.46 x 0.43 x 0.43 x
Nbr of stocks (in thousands) 37,436 37,378 36,198 34,426 33,706 33,766 - -
Reference price 3 33,400 37,300 45,000 24,900 23,350 22,900 22,900 22,900
Announcement Date 2/9/20 2/8/21 2/8/22 2/10/23 2/13/24 - - -
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 1,489 1,681 1,920 2,116 2,270 2,544 2,776 3,283
EBITDA 1 156.6 175.7 171.2 119.7 149.5 203.5 227.3 311.5
EBIT 1 86.93 102.5 98.06 40.74 55.52 101.9 124.6 175.6
Operating Margin 5.84% 6.09% 5.11% 1.93% 2.45% 4.01% 4.49% 5.35%
Earnings before Tax (EBT) 1 70.32 71.88 154.6 19.05 6.419 100.1 120.8 205.2
Net income 1 13.1 23.2 115.5 -8.318 -8.538 66.91 83.85 96.67
Net margin 0.88% 1.38% 6.02% -0.39% -0.38% 2.63% 3.02% 2.94%
EPS 2 328.0 574.0 6,402 -636.0 -252.0 1,831 2,333 3,272
Free Cash Flow 3 50,478 95,603 153,389 -93,183 - 132,920 127,950 109,000
FCF margin 3,389.78% 5,685.81% 7,987.3% -4,404.65% - 5,223.83% 4,609.62% 3,320.2%
FCF Conversion (EBITDA) 32,241.77% 54,417.24% 89,573.87% - - 65,330.94% 56,300.95% 34,988.23%
FCF Conversion (Net income) 385,331.29% 412,136.45% 132,781.13% - - 198,669.22% 152,598.61% 112,758.62%
Dividend per Share 2 - - - - - 400.0 400.0 750.0
Announcement Date 2/9/20 2/8/21 2/8/22 2/10/23 2/13/24 - - -
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 2025 Q1
Net sales 1 472.5 542.6 520.5 511.3 522.4 561.4 548.3 551.4 571.5 598.3 605.9 621.5 647.8 693.3 672.4
EBITDA 1 46.54 - - - - - - 40.92 44.46 12.24 42.3 42.4 51.7 52.1 -
EBIT 1 27.92 25.16 15.53 5.196 8.298 11.72 19.11 20.89 23.36 -7.833 21.79 22.57 26.83 29 19.3
Operating Margin 5.91% 4.64% 2.98% 1.02% 1.59% 2.09% 3.49% 3.79% 4.09% -1.31% 3.6% 3.63% 4.14% 4.18% 2.87%
Earnings before Tax (EBT) 1 52.54 48.62 3.58 7.599 - -20.61 26.91 23.89 24.3 -68.68 18.8 17.8 18.9 17.8 20.5
Net income 1 40.26 44.33 -5.571 -7.25 19.26 -14.76 20.42 17.04 12.72 -45.03 13.5 15.47 21.13 12.85 17.2
Net margin 8.52% 8.17% -1.07% -1.42% 3.69% -2.63% 3.72% 3.09% 2.23% -7.53% 2.23% 2.49% 3.26% 1.85% 2.56%
EPS 1,106 2,514 -155.0 -203.0 - -818.0 586.0 494.0 366.0 -1,700 - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/8/21 2/8/22 5/9/22 8/8/22 11/7/22 2/10/23 5/10/23 8/9/23 11/8/23 2/13/24 - - - - -
1KRW in Billions
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 355 461 787 589 - 542 547 588
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 2 50,478 95,603 153,389 -93,183 - 132,920 127,950 109,000
ROE (net income / shareholders' equity) 0.78% 1.95% 6.53% -1.27% - 3.98% 4.9% 6.28%
ROA (Net income/ Total Assets) 0.49% 1.41% 4.19% -0.74% - 2.19% 2.55% 2.83%
Assets 1 2,657 1,640 2,757 1,120 - 3,061 3,289 3,412
Book Value Per Share 3 42,240 43,046 102,173 48,155 - 50,028 52,925 52,959
Cash Flow per Share 3 2,863 3,783 12,401 1,046 - 6,074 5,546 -
Capex 1 57.2 45.7 73 130 - 151 190 283
Capex / Sales 3.84% 2.72% 3.8% 6.15% - 5.93% 6.84% 8.62%
Announcement Date 2/9/20 2/8/21 2/8/22 2/10/23 2/13/24 - - -
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
22,900 KRW
Average target price
29,846 KRW
Spread / Average Target
+30.33%
Consensus
  1. Stock Market
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  3. A181710 Stock
  4. Financials NHN Corporation