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Mgame Corp (058630) Fair Value & Analysis

Technology · KR · Market cap 92.2B KRW

MC Mgame Corp 058630 · KQ
Price4,235 KRW
Fair Value12,641 KRW
Upside+198.5%
Quality66/100
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Expensive Growth
Highly profitable · 32.7% net margin
Low debt · generates free cash flow
3.41% dividend yield
Ranks above peers (8/9)
Wide moat 89/100
Evidence: High Range 7,514 KRW – 18,053 KRW Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from 12,967 KRW to 12,641 KRW (−2.5%) since Jul 20, 2026. Share price −5.8% over the past month.

A solid business, screening 198% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (7,514 KRW). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (7,514 KRW to 18,053 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

12,815 KRW 3,872 KRW Fair Value 12,641 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 3,872 KRW – 12,815 KRW · fair‑value band 7,514 KRW – 18,053 KRW · the 4,235 KRW price screens below the 12,641 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Mgame Corp (058630) currently trades at 4,235 KRW, while our model-based Fair Value estimate is 12,641 KRW, implying the stock looks roughly 198.5% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Mgame Corp generated revenue of 61.6B KRW at a net margin of 32.7%. Revenue grew 14.0% year over year. Fundamentals as of Aug 13, 2026

Our scenario range runs from 7,514 KRW (bear case) to 18,053 KRW (bull case); at 4,235 KRW, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 43% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 8% fair-value upside, at 198%, 058630 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Growth DCF 3,408 KRW 4,418 KRW 6,069 KRW 80
Residual Income 6,516 KRW 7,649 KRW 15,186 KRW 76
Rev-Margin DCF 7,791 KRW 12,969 KRW 19,342 KRW 74
All 24 models by family
DCF Models
FCF DCF 3,404 KRW 4,465 KRW 6,221 KRW 38
Owner Earnings 10,640 KRW 16,821 KRW 27,049 KRW 31
5Y Revenue Exit 7,791 KRW 13,187 KRW 20,529 KRW 39
5Y EBITDA Exit 8,295 KRW 14,188 KRW 21,508 KRW 41
5Y P/E Exit 10,729 KRW 19,023 KRW 28,346 KRW 38
10Y Revenue Exit 5,984 KRW 10,595 KRW 17,629 KRW 36
10Y EBITDA Exit 6,584 KRW 11,313 KRW 18,420 KRW 37
10Y P/E Exit 8,174 KRW 14,783 KRW 23,944 KRW 35
Earnings-Based
Graham-Dodd 5,642 KRW 22,830 KRW 31,062 KRW 54
Lynch FV 5,704 KRW 8,148 KRW 10,593 KRW 50
PEG = 1.0 5,704 KRW 8,148 KRW 10,593 KRW 46
EPV 8,702 KRW 9,835 KRW 10,826 KRW 59
Multiples
P/E Multiple 13,691 KRW 18,255 KRW 22,818 KRW 63
P/S Multiple 10,579 KRW 14,106 KRW 17,632 KRW 58
P/B Multiple 10,579 KRW 14,106 KRW 17,632 KRW 55
EV/EBIT 12,810 KRW 16,445 KRW 20,080 KRW 53
EV/EBITDA 11,594 KRW 14,823 KRW 18,053 KRW 54
EV/Revenue 10,174 KRW 13,719 KRW 17,263 KRW 43
Asset-Based
NCAV (Graham) 3,544 KRW 4,749 KRW 7,087 KRW 50
Growth DCF
Growth DCF 3,408 KRW 4,418 KRW 6,069 KRW 80
Rev-Margin DCF 7,791 KRW 12,969 KRW 19,342 KRW 74
Economic Profit
Residual Income 6,516 KRW 7,649 KRW 15,186 KRW 76
ROIC Compounder 9,266 KRW 11,745 KRW 15,092 KRW 72
Growth Earnings
Growth-Adj P/E 10,222 KRW 14,603 KRW 18,983 KRW 68

Widest divergence: Growth Earnings (14,603 KRW) versus Growth DCF (4,418 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 61.6B KRW
Revenue growth (YoY) +14.0%
Net margin 32.7%
Return on equity 1,495%
Free cash flow 2.4B KRW FY2025
Operating margin 34.7%
More key figures
Dividend yield 3.4%
EPS growth (YoY) +0.5%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 61 · Market factors (momentum, volatility) 24

Profitability 65
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 86
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Mgame Corp. operates an online game portal. The company provides online, card/board, and mobile games. It has operations in South Korea, Japan, China, and the United States. The company was founded in 1999 and is based in Seoul, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mgame Corp reported revenue of 91.7B KRW in FY2025 versus 55.7B KRW in FY2021, a compound +13.3%/yr. Reported net income was 16.0B KRW in FY2025, compounding −7.0%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
91.7B KRW
Latest YoY
+10.0%
Avg. growth/yr (3Y) 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.
+7.6%
Avg. growth/yr (5Y) 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.
+16.7%
Avg. growth/yr (16Y) 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.
+3.1%
Revenue +13.3%/yr
FY21 55.7B KRW
FY22 73.7B KRW
FY23 81.6B KRW
FY24 83.4B KRW
FY25 91.7B KRW
Net income −7.0%/yr
FY21 21.4B KRW
FY22 22.6B KRW
FY23 21.9B KRW
FY24 15.7B KRW
FY25 16.0B KRW

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Cite: Fair Value Calculator (2026). "Mgame Corp Fair Value". https://www.fairvalue-calculator.com/stock/058630

Peer Group

Software & IT Services · 34 stocks

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.

Quality Score 66 · Top 25%
Fair Value upside +199% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 33% · Top 25%
Operating margin (TTM) 35% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 3.4% · Top 25%

Valuation Multiples vs Software & IT Services median · lower = cheaper

P/FCF 0.0× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 43
FUTURE70 · sector 11
PAST0 · sector 100
HEALTH100 · sector 99
DIVIDEND68 · sector 26

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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10 more Software & IT Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Frequently asked questions

Is Mgame Corp (058630) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 12,641 KRW versus a price of 4,235 KRW, about +198% (undervalued).
What is the fair value of 058630?
Our model-based fair value for Mgame Corp is 12,641 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price: 4,235 KRW.
What is the quality score of 058630?
Mgame Corp has a Quality Score of 66/100. 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 revenue of Mgame Corp (058630)?
Mgame Corp reported trailing-twelve-month revenue of about 61.6B KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 058630?
The net profit margin of Mgame Corp is about 32.7%, meaning it keeps roughly 32.7% of revenue as net income. Based on the latest reported figures.
Does Mgame Corp pay a dividend?
Mgame Corp currently shows a dividend yield of about 3.41% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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