NEOWIZ (095660) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of NEOWIZ stock KRW 46,407, price KRW 18,120, upside +156.1%, quality 78 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 16,350 KRW – 48,890 KRW · fair‑value band 32,502 KRW – 57,165 KRW · the 18,120 KRW price screens below the 46,407 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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NEOWIZ develops and publishes games for PCs and mobiles in South Korea. The company was founded in 1997 and is headquartered in Seongnam, South Korea.
Stock analysis
NEOWIZ (095660) currently trades at 18,120 KRW, while our model-based Fair Value estimate is 46,407 KRW, implying the stock looks roughly 61% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 47,752 KRW per share, and 23 of the 26 models we run sit above the 18,120 KRW price.
Bear case: the Asset-Based group reads lowest at 11,002 KRW, and 3 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 32,502 KRW (bear) to 57,165 KRW (bull), the price of 18,120 KRW sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 78/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
NEOWIZ reported revenue of 433B KRW in FY2025 versus 261B KRW in FY2021, a compound +13.5%/yr. Reported net income was 50.0B KRW in FY2025, compounding −3.1%/yr from FY2021.
Key figures
Market cap 358B KRW (≈ $265M) Micro · P/S ratio 1.17 · Dividend yield 1.2% · Net margin 20.4% · Return on equity −164% · Return on assets (EBIT) 3.5% (5-year average) · Operating margin 9.4% · Revenue (TTM) 291B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −2% fair-value upside, at 156%, 095660 screens cheaper than that median.
Fair Value models
Bear32,502 KRWFair Value 46,407 KRWBull57,165 KRW
Price 18,120 KRW · Upside +156.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Start year 2020 (pandemic). Over 10 years: +8.6% a year
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.4%
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What shareholders gained per year (last 5 years), in KRW ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in KRW: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +16.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.1%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1.1% vs 17.9%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.20% → 14%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 299% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−34.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (South Korea: IMF forecast 2.1% a year to 2030, 2.1% from 2016 to 2025) that is about −35.5% a year for the price and +4.0% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software & IT Services · 33 stocks
Beats the industry median on 10/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside+156.1% · Top 25%
Profitability
Return on assets7.4% · Top 25%
Net margin (12 months)20.4% · Above median
Operating margin (12 months)9.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)21.5% · Top 25%
Dividend yield (12 months)1.2% · Below median
Valuation Multiplesvs Software & IT Services median · lower = cheaper
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Cite: Fair Value Calculator (2026). "NEOWIZ Fair Value". https://www.fairvalue-calculator.com/stock/095660
Frequently asked questions
Is NEOWIZ (095660) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 46,407 KRW versus a price of 18,120 KRW, about +156% upside (undervalued).
What is the fair value of 095660?
Our model-based fair value for NEOWIZ is 46,407 KRW (as of Nov 8, 2026), built from audited fundamentals. The current price: 18,120 KRW.
What is the quality score of 095660?
NEOWIZ has a Quality Score of 78/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for NEOWIZ (095660)?
Our model-based price target is the fair value of 46,407 KRW (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 32,502 KRW, optimistic scenario 57,165 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the NEOWIZ stock forecast for 2026?
Our models put fair value at 46,407 KRW, about +156% upside versus a price of 18,120 KRW (undervalued). Cautious scenario 32,502 KRW, optimistic scenario 57,165 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of NEOWIZ (095660)?
NEOWIZ reported trailing-twelve-month revenue of about 291B KRW (latest available figure, as of Nov 8, 2026).
Does NEOWIZ pay a dividend?
NEOWIZ currently shows a dividend yield of 1.17% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of NEOWIZ (095660)?
NEOWIZ has a dividend yield of 1.2%. Our assessment: Safety not assessed. Payout ratio and cash coverage are not available, so we do not judge how safe this dividend is.
What growth is priced into NEOWIZ (095660)?
For today's price to be fair in a discounted-cash-flow model, NEOWIZ would have to grow free cash flow by -34.1 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 095660 use?
Our models discount NEOWIZ at 12.1 %: a base by market capitalisation (micro), damped by beta 0.68, country premium for South Korea. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For NEOWIZ that is -34.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has NEOWIZ (095660) delivered so far?
Over the past 5 years revenue at NEOWIZ grew +8.4 % a year. The price currently implies free-cash-flow growth of -34.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of NEOWIZ (095660) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into NEOWIZ (-34.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NEOWIZ (095660)?
The free-cash-flow yield on the price is 19.91 %: that much free cash flow NEOWIZ produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NEOWIZ (095660)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NEOWIZ it is 46,407 KRW per share (as of Nov 8, 2026), against a price of 18,120 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is NEOWIZ stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 095660 trades below its calculated fair value: price 18,120 KRW, fair value 46,407 KRW, a gap of about +156% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 095660?
No. The price is what the market pays today (18,120 KRW); the fair value is what the company's own numbers justify (46,407 KRW). For NEOWIZ the two are 28,287 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is NEOWIZ worth?
The market values NEOWIZ at about 358B KRW (market capitalisation, as of Nov 8, 2026). Per share that is 18,120 KRW; our models calculate a fair value of 46,407 KRW per share.
What do the bullish and bearish scenarios say about 095660?
Our models span a range for NEOWIZ: cautious scenario 32,502 KRW, base 46,407 KRW, optimistic 57,165 KRW per share (as of Nov 8, 2026, price 18,120 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of NEOWIZ (095660)?
Balance-sheet figures for NEOWIZ (as of Nov 8, 2026): return on equity −163.7%. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is 095660 from its 52-week high?
NEOWIZ trades at 18,120 KRW, about 41% below its 52-week high of 30,950 KRW and 11% above the low of 16,350 KRW (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 46,407 KRW is for.
Which stocks are comparable to NEOWIZ?
From the same area (Technology) we also value Gabia Inc, KINX, Inc, Wemade Co, AfreecaTV Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is NEOWIZ stock attractive at the current price?
The data as of Nov 8, 2026: price 18,120 KRW, calculated fair value 46,407 KRW (+156%), Quality Score 78/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 095660 calculated?
We run NEOWIZ through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 46,407 KRW builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. NEOWIZ currently trades 61% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of NEOWIZ (095660)?
The closing price on Nov 6, 2026 was 18,120 KRW. Our model-based fair value is 46,407 KRW, about +156% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NEOWIZ right now?
The rarer combination: high quality (78/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (32,502 KRW). The market is more pessimistic than our downside scenario.
Key figures of NEOWIZ
How large is the market capitalisation of NEOWIZ (095660)?
The market capitalisation of NEOWIZ is 358B KRW (≈ $265M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of NEOWIZ (095660)?
The price-to-sales ratio of NEOWIZ is 1.17 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of NEOWIZ (095660)?
The dividend yield of NEOWIZ is 1.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of NEOWIZ (095660)?
The net margin of NEOWIZ is 20.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of NEOWIZ (095660)?
The return on equity (ROE) of NEOWIZ is −164% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NEOWIZ (095660)?
On an EBIT basis the return on assets of NEOWIZ is 3.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of NEOWIZ (095660)?
The operating margin of NEOWIZ is 9.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NEOWIZ (095660)?
Revenue at NEOWIZ is growing +21.5% versus a year earlier (3y avg +13.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at NEOWIZ (095660)?
Earnings per share at NEOWIZ are growing −5.8% versus a year earlier. How much earnings per share grew versus a year earlier.
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Some data
Nov 8, 2026