NEOWIZ HOLDINGS Corporation (042420) fair value: what the stock is really worth
We calculate from audited financials what NEOWIZ HOLDINGS Corporation is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range 14,151 KRW – 90,766 KRW · fair‑value band 9,601 KRW – 17,831 KRW · the 24,000 KRW price screens above the 13,716 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
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. NEOWIZ HOLDINGS Corporation was founded in 1997 and is based in Seongnam-si, South Korea.
Stock analysis
NEOWIZ HOLDINGS Corporation (042420) currently trades at 24,000 KRW, while our model-based Fair Value estimate is 13,716 KRW, implying the stock looks roughly 75.0% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 120,769 KRW per share, and 24 of the 24 models we run sit above the 24,000 KRW price.
Bear case: the Asset-Based group reads lowest at 38,067 KRW, and 0 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: 9,601 KRW (bear) to 17,831 KRW (bull), the price of 24,000 KRW sits above 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 75/100 (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 148B KRW (≈ $104M) · P/S ratio 0.30 · Dividend yield 2.0% · Net margin 7.7% · Return on equity 9.6% · Return on assets (EBIT) 1.1% · Operating margin 5.5% · Revenue (TTM) 449B KRW.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 24% above 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 −43%, 042420 screens richer than that median.
Fair Value models
Bear 9,601 KRWFair Value 13,716 KRWBull 17,831 KRW
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.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%
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%
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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. 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.
−2.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.7%
Dividend (yield on the price)2.0%
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%
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare NEOWIZ HOLDINGS Corporation with another stock
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.Internet Content & Information · 151 stocks
Beats the industry median on 8/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score75 · Top 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets4% · Above median
Net margin (TTM)7% · Above median
Operating margin (TTM)6% · Above median
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)2.0% · Above median
Valuation Multiplesvs Internet Content & Information median · lower = cheaper
P/FCF0.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)69· sector 31
PAST (return on equity)38· sector 10
HEALTH (low debt)100· sector 98
DIVIDEND (yield)41· sector 34
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is NEOWIZ HOLDINGS Corporation (042420) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 13,716 KRW versus a price of 24,000 KRW, about −43% upside (overvalued).
What is the fair value of 042420?
Our model-based fair value for NEOWIZ HOLDINGS Corporation is 13,716 KRW (as of Sep 13, 2026), built from audited fundamentals. The current price: 24,000 KRW.
What is the quality score of 042420?
NEOWIZ HOLDINGS Corporation has a Quality Score of 75/100. 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 13,716 KRW (as of Sep 13, 2026) from 24 valuation models. Cautious scenario 9,601 KRW, optimistic scenario 17,831 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 13,716 KRW, about −43% upside versus a price of 24,000 KRW (overvalued). Cautious scenario 9,601 KRW, optimistic scenario 17,831 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 449B KRW (latest available figure, as of Sep 13, 2026).
Does NEOWIZ HOLDINGS Corporation pay a dividend?
NEOWIZ HOLDINGS Corporation currently shows a dividend yield of about 2.03% relative to its recent price (as of Sep 13, 2026).
What growth is priced into NEOWIZ HOLDINGS Corporation (042420)?
For today's price to be fair in a discounted-cash-flow model, NEOWIZ HOLDINGS Corporation would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.6 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 042420 use?
Our models discount NEOWIZ HOLDINGS Corporation at 13.4 %: a base by market capitalisation (micro), damped by beta 1.08, 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 HOLDINGS Corporation that is less than minus 40 % per year a year over ten years, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has NEOWIZ HOLDINGS Corporation (042420) delivered so far?
Over the past 5 years revenue at NEOWIZ HOLDINGS Corporation grew +8.6 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a 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 HOLDINGS Corporation (042420) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into NEOWIZ HOLDINGS Corporation (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NEOWIZ HOLDINGS Corporation (042420)?
The free-cash-flow yield on the price is 43.74 %: that much free cash flow NEOWIZ HOLDINGS Corporation produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), 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 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 13,716 KRW per share (as of Sep 13, 2026), against a price of 24,000 KRW. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is NEOWIZ HOLDINGS Corporation stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 042420 trades above its calculated fair value: price 24,000 KRW, fair value 13,716 KRW, a gap of about −43% (overvalued). 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 (24,000 KRW); the fair value is what the company's own numbers justify (13,716 KRW). For NEOWIZ HOLDINGS Corporation the two are 10,284 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 148B KRW (market capitalisation, as of Sep 13, 2026). Per share that is 24,000 KRW; our models calculate a fair value of 13,716 KRW per share.
What do the bullish and bearish scenarios say about 042420?
Our models span a range for NEOWIZ HOLDINGS Corporation: cautious scenario 9,601 KRW, base 13,716 KRW, optimistic 17,831 KRW per share (as of Sep 13, 2026, price 24,000 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 Sep 13, 2026): return on equity 9.6%. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is 042420 from its 52-week high?
NEOWIZ HOLDINGS Corporation trades at 24,000 KRW, about 29% below its 52-week high of 33,720 KRW and 24% above the low of 19,320 KRW (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 13,716 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 Sep 13, 2026: price 24,000 KRW, calculated fair value 13,716 KRW (−43%), Quality Score 75/100, from 24 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 24 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 13,716 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 15.8 % above its aggregate fair value. NEOWIZ HOLDINGS Corporation itself currently trades above fair value. 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 should I pay attention to with NEOWIZ HOLDINGS Corporation right now?
A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (17,831 KRW). The favourable scenario is already priced in. A fairly wide model range (9,601 KRW to 17,831 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 148B KRW (≈ $104M). 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 0.30 (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 2.0%. 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 7.7% (fiscal year 2025). 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 9.6% (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 5.5% (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 +13.8% 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 −98.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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