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NEOWIZ HOLDINGS Corporation (042420) fair value: what the stock is really worth

As of Oct 29, 2026: fair value (intrinsic value) of NEOWIZ HOLDINGS Corporation stock KRW 51,480, price KRW 17,160, upside +200.0%, quality 76 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Communication Services KR · ISIN KR7042420000

NH NEOWIZ HOLDINGS Corporation logo Thin data Oct 28, 2026

NEOWIZ HOLDINGS Corporation

042420 · KQ
Meets all rules: undervalued, strong quality, uptrend

The stock costs 67% less than our calculation considers fair.

Fair value 51,480 KRW · Strongly undervalued (67%)
Quality 76/100
Low debt
Generates free cash flow
2.8% dividend yield · Well covered
Ranks above peers (10/12)
Even on cautious assumptions the value is 109% above the price (35,858 KRW).
Mixed Growth (revenue 5y +8.6 %/yr in KRW)
Thin margins · 4.9% net margin (TTM)
Insider activity 40/100
Narrow moat 41/100 · thin data
Thin data

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

90,766 KRW 14,151 KRW Fair Value 51,480 KRW Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 28, 2026.

How to read this chart

60‑month range 14,151 KRW – 90,766 KRW · fair‑value band 35,858 KRW – 79,919 KRW · the 17,160 KRW price screens below the 51,480 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 28, 2026.

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Company profile

NEOWIZ HOLDINGS Corporation engages in the gaming business. It offers games for PC, mobile, and console. The company was formerly known as Neowiz Corporation and changed its name to NEOWIZ HOLDINGS Corporation in March 2013.

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NEOWIZ HOLDINGS Corporation was founded in 1997 and is based in Seongnam-si, South Korea.

Stock analysis

NEOWIZ HOLDINGS Corporation (042420) currently trades at 17,160 KRW, while our model-based Fair Value estimate is 51,480 KRW, implying the stock looks roughly 66.7% undervalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of 179,978 KRW per share, and 24 of the 26 models we run sit above the 17,160 KRW price.

Bear case: the Asset-Based group reads lowest at 18,147 KRW, and 2 of the 26 models stay below the price. Data coverage for this calculation is low.

Scenario range: 35,858 KRW (bear) to 79,919 KRW (bull), the price of 17,160 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 76/100 (high quality), in the Communication Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

NEOWIZ HOLDINGS Corporation reported revenue of 437B KRW in FY2025 versus 269B KRW in FY2021, a compound +12.9%/yr. Reported net income was 33.8B KRW in FY2025, compounding −15.1%/yr from FY2021.

Key figures

Market cap 106B KRW (≈ $79.2M) Micro · P/S ratio 0.31 · Dividend yield 2.8% · Net margin 4.9% · Return on equity 8.3% · Return on assets (EBIT) 1.1% · Operating margin 7.9% · Revenue (TTM) 442B KRW.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).

What moves the price

The share trades about 42% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at 10% fair-value upside, at 200%, 042420 screens cheaper than that median.

Fair Value models

Bear 35,858 KRW Fair Value 51,480 KRW Bull 79,919 KRW
Price 17,160 KRW · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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.
Best data coverage
FCF DCF 71,835 KRW 95,522 KRW 164,000 KRW 78
Growth DCF 67,850 KRW 98,955 KRW 153,621 KRW 77
Residual Income 42,829 KRW 44,494 KRW 49,874 KRW 76
All 26 models by family
DCF Models
FCF DCF 71,835 KRW 95,522 KRW 164,000 KRW 78
Owner Earnings 72,336 KRW 130,485 KRW 229,074 KRW 73
5Y Revenue Exit 61,988 KRW 96,306 KRW 167,743 KRW 69
5Y EBITDA Exit 67,754 KRW 107,937 KRW 186,487 KRW 72
5Y P/E Exit 88,537 KRW 184,939 KRW 315,820 KRW 67
10Y Revenue Exit 64,089 KRW 117,444 KRW 147,970 KRW 66
10Y EBITDA Exit 68,927 KRW 127,612 KRW 225,581 KRW 65
10Y P/E Exit 81,410 KRW 164,257 KRW 298,884 KRW 60
Earnings-Based
Graham-Dodd 37,329 KRW 260,324 KRW 365,325 KRW 63
Lynch FV 96,412 KRW 137,731 KRW 179,051 KRW 61
PEG = 1.0 96,412 KRW 137,731 KRW 179,051 KRW 57
EPV 38,232 KRW 41,558 KRW 44,223 KRW 73
Dividend Discount
Gordon GGM 1,165 KRW 1,886 KRW 2,386 KRW 69
DDM Multi-Stage 1,165 KRW 1,819 KRW 2,034 KRW 67
Multiples
P/E Multiple 90,577 KRW 120,769 KRW 150,961 KRW 63
P/S Multiple 69,991 KRW 93,321 KRW 116,652 KRW 57
P/B Multiple 105,372 KRW 140,496 KRW 175,621 KRW 55
EV/EBIT 67,465 KRW 87,104 KRW 106,743 KRW 65
EV/EBITDA 65,695 KRW 84,743 KRW 103,792 KRW 67
EV/Revenue 53,227 KRW 72,375 KRW 91,523 KRW 53
Asset-Based
NCAV (Graham) 11,977 KRW 18,147 KRW 22,683 KRW 54
Growth DCF
Growth DCF 67,850 KRW 98,955 KRW 153,621 KRW 77
Rev-Margin DCF 62,042 KRW 108,896 KRW 196,253 KRW 68
Economic Profit
Residual Income 42,829 KRW 44,494 KRW 49,874 KRW 76
ROIC Compounder 38,232 KRW 41,558 KRW 44,223 KRW 71
Growth Earnings
Growth-Adj P/E 125,985 KRW 179,978 KRW 233,972 KRW 67

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Quality Score breakdown

Overall quality 76/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 47
How much profit the company makes from its sales and capital
Quality Growth 80
Are margins and returns getting better?
Cashflow 81
Do the profits arrive as real cash?
Financial strength 68
Debt, balance sheet and risk of trouble
Investment 94
Does it invest with discipline instead of growing at any price?
Low Volatility 45
How calm the share price moves, does not count
Momentum 19
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 100
Buys back shares or issues new ones?

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Revenue & earnings trend

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. 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+18.7%
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.
+13.6%
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.
+8.6%
Start year 2020 (pandemic). Over 10 years: +8.2% a year
Revenue growth 22 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.
+7.8%
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. 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.
−1.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.7%
Dividend (yield on the price)2.8%
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.19% → 13%

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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.Internet Content & Information · 131 stocks

Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 76 · Top 25%
Fair Value upside +200.0% · Top 25%
Profitability
Return on equity (12 months) 8.3% · Above median
Return on assets 3.8% · Above median
Net margin (12 months) 4.9% · Above median
Operating margin (12 months) 7.9% · Below median
Growth and dividend
Revenue growth (quarter YoY) −6.0% · Bottom 25%
Dividend yield (12 months) 2.8% · Above median

Valuation Multiplesvs Internet Content & Information median · lower = cheaper

P/B 0.32× · Cheapest 25%
P/S (12 months) 0.26× · Cheapest 25%
Price / free cash flow 1.8× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 50
FUTURE (revenue growth)0 · sector 31
PAST (return on equity)33 · sector 19
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)57 · sector 42

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Kuaishou Technology, an investment holding company, 1024 HK$27.08 HK$102.90 +280% vs 042420
Tencent Music Entertainment Group 1698 HK$32.74 HK$74.30 +127% vs 042420
Tencent Holdings 0700 HK$387.60 HK$712.03 +84% vs 042420
NAVER Corporation 035420 174,300 KRW 314,922 KRW +81% vs 042420
Meta Platforms, Inc META $620.19 $682.21 +10% vs 042420
Spotify Technology S.A SPOT $555.45 $611.00 +10% vs 042420
REA Group REA A$158.16 A$173.98 +10% vs 042420
Alphabet Inc GOOG $321.89 $336.08 +4% vs 042420
Reddit, Inc RDDT $136.46 $131.44 −4% vs 042420
Baidu, Inc 9888 HK$75.95 HK$51.06 −33% vs 042420

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Cite: Fair Value Calculator (2026). "NEOWIZ HOLDINGS Corporation Fair Value". https://www.fairvalue-calculator.com/stock/042420

Frequently asked questions

Is NEOWIZ HOLDINGS Corporation (042420) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of 51,480 KRW versus a price of 17,160 KRW, about +200% upside (undervalued).
What is the fair value of 042420?
Our model-based fair value for NEOWIZ HOLDINGS Corporation is 51,480 KRW (as of Oct 28, 2026), built from audited fundamentals. The current price: 17,160 KRW.
What is the quality score of 042420?
NEOWIZ HOLDINGS Corporation has a Quality Score of 76/100. 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 HOLDINGS Corporation (042420)?
Our model-based price target is the fair value of 51,480 KRW (as of Oct 28, 2026) from 26 valuation models. Cautious scenario 35,858 KRW, optimistic scenario 79,919 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the NEOWIZ HOLDINGS Corporation stock forecast for 2026?
Our models put fair value at 51,480 KRW, about +200% upside versus a price of 17,160 KRW (undervalued). Cautious scenario 35,858 KRW, optimistic scenario 79,919 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of NEOWIZ HOLDINGS Corporation (042420)?
NEOWIZ HOLDINGS Corporation reported trailing-twelve-month revenue of about 442B KRW (latest available figure, as of Oct 28, 2026).
Does NEOWIZ HOLDINGS Corporation pay a dividend?
NEOWIZ HOLDINGS Corporation currently shows a dividend yield of 2.83% relative to its recent price (as of Oct 28, 2026).
What is the intrinsic value of NEOWIZ HOLDINGS Corporation (042420)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NEOWIZ HOLDINGS Corporation it is 51,480 KRW per share (as of Oct 28, 2026), against a price of 17,160 KRW. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is NEOWIZ HOLDINGS Corporation stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 042420 trades below its calculated fair value: price 17,160 KRW, fair value 51,480 KRW, a gap of about +200% (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 042420?
No. The price is what the market pays today (17,160 KRW); the fair value is what the company's own numbers justify (51,480 KRW). For NEOWIZ HOLDINGS Corporation the two are 34,320 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is NEOWIZ HOLDINGS Corporation worth?
The market values NEOWIZ HOLDINGS Corporation at about 106B KRW (market capitalisation, as of Oct 28, 2026). Per share that is 17,160 KRW; our models calculate a fair value of 51,480 KRW per share.
What do the bullish and bearish scenarios say about 042420?
Our models span a range for NEOWIZ HOLDINGS Corporation: cautious scenario 35,858 KRW, base 51,480 KRW, optimistic 79,919 KRW per share (as of Oct 28, 2026, price 17,160 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of NEOWIZ HOLDINGS Corporation (042420)?
Balance-sheet figures for NEOWIZ HOLDINGS Corporation (as of Oct 28, 2026): return on equity 8.3%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is 042420 from its 52-week high?
NEOWIZ HOLDINGS Corporation trades at 17,160 KRW, about 42% below its 52-week high of 29,400 KRW and at the low of 17,160 KRW (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of 51,480 KRW is for.
Which stocks are comparable to NEOWIZ HOLDINGS Corporation?
From the same area (Communication Services) we also value Alphabet Inc, Meta Platforms, Inc, Tencent Holdings, Spotify Technology S.A, 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 HOLDINGS Corporation stock attractive at the current price?
The data as of Oct 28, 2026: price 17,160 KRW, calculated fair value 51,480 KRW (+200%), Quality Score 76/100, 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 042420 calculated?
We run NEOWIZ HOLDINGS Corporation through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 51,480 KRW, 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 13.4 % above its aggregate fair value. NEOWIZ HOLDINGS Corporation currently trades 67 % 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 HOLDINGS Corporation (042420)?
The closing price on Oct 29, 2026 was 17,160 KRW. Our model-based fair value is 51,480 KRW, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NEOWIZ HOLDINGS Corporation right now?
The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (35,858 KRW). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (35,858 KRW to 79,919 KRW) leaves room in how you read the outcome.

Key figures of NEOWIZ HOLDINGS Corporation

How large is the market capitalisation of NEOWIZ HOLDINGS Corporation (042420)?
The market capitalisation of NEOWIZ HOLDINGS Corporation is 106B KRW (≈ $79.2M). 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 HOLDINGS Corporation (042420)?
The price-to-sales ratio of NEOWIZ HOLDINGS Corporation is 0.31 (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 HOLDINGS Corporation (042420)?
The dividend yield of NEOWIZ HOLDINGS Corporation is 2.8%. 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 HOLDINGS Corporation (042420)?
The net margin of NEOWIZ HOLDINGS Corporation is 4.9% (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 HOLDINGS Corporation (042420)?
The return on equity (ROE) of NEOWIZ HOLDINGS Corporation is 8.3% (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 HOLDINGS Corporation (042420)?
On an EBIT basis the return on assets of NEOWIZ HOLDINGS Corporation is 1.1% (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 HOLDINGS Corporation (042420)?
The operating margin of NEOWIZ HOLDINGS Corporation is 7.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NEOWIZ HOLDINGS Corporation (042420)?
Revenue at NEOWIZ HOLDINGS Corporation is growing −6.0% versus a year earlier (3y avg +13.6%). 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 HOLDINGS Corporation (042420)?
Earnings per share at NEOWIZ HOLDINGS Corporation are growing −60.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does NEOWIZ HOLDINGS Corporation (042420) generate?
The free cash flow of NEOWIZ HOLDINGS Corporation is 64.7B KRW (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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