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Webzen Inc (069080) Fair Value & Analysis

Technology · KR · Market cap 349B KRW

WI Webzen Inc 069080 · KQ
Price11,950 KRW
Fair Value12,748 KRW
Upside+6.7%
Quality61/100
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Weak Growth
Highly profitable · 30.2% net margin
Low debt · generates free cash flow
2.30% dividend yield
Ranks above peers (7/9)
Wide moat 82/100
Evidence: High Range 8,924 KRW – 15,262 KRW Share as image

Fair value as of: Jul 22, 2026

From 22 valuation models · updated 19 days ago

Share price −0.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 8,924 KRW (bear) to 15,262 KRW (bull), base 12,748 KRW. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

44,939 KRW 9,780 KRW Fair Value 12,748 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range 9,780 KRW – 44,939 KRW · fair‑value band 8,924 KRW – 15,262 KRW · the 11,950 KRW price screens below the 12,748 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Webzen Inc (069080) currently trades at 11,950 KRW, while our model-based Fair Value estimate is 12,748 KRW, implying the stock looks roughly 6.7% fairly valued today. The Quality Score stands at 61/100 (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, Webzen Inc generated revenue of 268B KRW at a net margin of 30.2%. Revenue declined 10.3% year over year. Fundamentals as of Jul 22, 2026

Our scenario range runs from 8,924 KRW (bear case) to 15,262 KRW (bull case); at 11,950 KRW, the current price sits within 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 34% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 99% fair-value upside, at 7%, 069080 screens richer 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 5,522 KRW 6,628 KRW 8,738 KRW 80
Residual Income 16,300 KRW 16,076 KRW 14,322 KRW 76
Rev-Margin DCF 8,590 KRW 12,261 KRW 16,802 KRW 74
All 22 models by family
DCF Models
FCF DCF 5,388 KRW 6,506 KRW 8,836 KRW 38
Owner Earnings 9,739 KRW 12,506 KRW 18,273 KRW 31
5Y Revenue Exit 8,590 KRW 12,196 KRW 17,619 KRW 39
5Y EBITDA Exit 9,463 KRW 13,678 KRW 19,432 KRW 41
5Y P/E Exit 10,459 KRW 15,369 KRW 21,388 KRW 38
10Y Revenue Exit 7,125 KRW 10,128 KRW 13,623 KRW 36
10Y EBITDA Exit 7,918 KRW 11,124 KRW 14,815 KRW 37
10Y P/E Exit 8,543 KRW 12,260 KRW 16,100 KRW 35
Earnings-Based
Graham-Dodd 5,217 KRW 8,372 KRW 10,092 KRW 54
EPV 7,184 KRW 8,021 KRW 8,766 KRW 59
Multiples
P/E Multiple 12,659 KRW 16,879 KRW 21,098 KRW 63
P/S Multiple 9,782 KRW 13,043 KRW 16,303 KRW 58
P/B Multiple 9,782 KRW 13,043 KRW 16,303 KRW 55
EV/EBIT 13,828 KRW 17,624 KRW 21,421 KRW 53
EV/EBITDA 13,283 KRW 16,897 KRW 20,512 KRW 54
EV/Revenue 11,075 KRW 14,777 KRW 18,479 KRW 43
Asset-Based
NCAV (Graham) 10,916 KRW 14,627 KRW 21,832 KRW 50
Growth DCF
Growth DCF 5,522 KRW 6,628 KRW 8,738 KRW 80
Rev-Margin DCF 8,590 KRW 12,261 KRW 16,802 KRW 74
Economic Profit
Residual Income 16,300 KRW 16,076 KRW 14,322 KRW 76
ROIC Compounder 7,184 KRW 8,021 KRW 8,766 KRW 72
Growth Earnings
Growth-Adj P/E 8,924 KRW 12,748 KRW 16,572 KRW 68

Widest divergence: Multiples (14,777 KRW) versus Growth DCF (6,628 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 268B KRW
Revenue growth (YoY) -10.3%
Net margin 30.2%
Return on equity 581%
Free cash flow 8.8B KRW FY2025
Operating margin 34.3%
More key figures
Dividend yield 2.3%
EPS growth (YoY) +33.7%

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 55 · Market factors (momentum, volatility) 25

Profitability 34
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 29
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 91
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

Webzen Inc., a game company, engages in the PC, online, and mobile gaming business worldwide. It operates Webzen.com, a game portal; and WEBZEN.CO.KR. The company provides various game genres, such as the Korea Full 3D online game MU Online; MU Origin and MU IP franchising mobile games; and other online/mobile/sport games. Webzen Inc.

Full company description

Webzen Inc., a game company, engages in the PC, online, and mobile gaming business worldwide. It operates Webzen.com, a game portal; and WEBZEN.CO.KR. The company provides various game genres, such as the Korea Full 3D online game MU Online; MU Origin and MU IP franchising mobile games; and other online/mobile/sport games. Webzen Inc. was founded in 2000 and is headquartered in Seongnam, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Webzen Inc reported revenue of 174B KRW in FY2025 versus 285B KRW in FY2021, a compound −11.5%/yr. Reported net income was 24.0B KRW in FY2025, compounding −27.5%/yr from FY2021.

Growth Quality 34/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
174B KRW
Latest YoY
−18.8%
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.
−10.4%
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.
−9.9%
Avg. growth/yr (20Y) 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.
+9.4%
Revenue −11.5%/yr
FY21 285B KRW
FY22 242B KRW
FY23 196B KRW
FY24 215B KRW
FY25 174B KRW
Net income −27.5%/yr
FY21 86.9B KRW
FY22 72.4B KRW
FY23 57.6B KRW
FY24 56.9B KRW
FY25 24.0B KRW

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Cite: Fair Value Calculator (2026). "Webzen Inc Fair Value". https://www.fairvalue-calculator.com/stock/069080

Peer Group

Software & IT Services · 32 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 61 · Above median
Fair Value upside +7% · Above median
Return on assets 9% · Top 25%
Net margin (TTM) 30% · Top 25%
Operating margin (TTM) 34% · Top 25%
Revenue growth -10% · Below median
Dividend yield (TTM) 2.3% · Top 25%

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

P/FCF 0.0× · Pricier than 75% of peers

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.

VALUE 42 · sector 0
FUTURE 0 · sector 28
PAST 0 · sector 74
HEALTH 100 · sector 99
DIVIDEND 46 · 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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Frequently asked questions

Is Webzen Inc (069080) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 12,748 KRW versus a price of 11,950 KRW, about +7% (fairly valued).
What is the fair value of 069080?
Our model-based fair value for Webzen Inc is 12,748 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 11,950 KRW.
What is the quality score of 069080?
Webzen Inc has a Quality Score of 61/100. 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 Webzen Inc (069080)?
Webzen Inc reported trailing-twelve-month revenue of about 268B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 069080?
The net profit margin of Webzen Inc is about 30.2%, meaning it keeps roughly 30.2% of revenue as net income. Based on the latest reported figures.
Does Webzen Inc pay a dividend?
Webzen Inc currently shows a dividend yield of about 2.30% relative to its recent price (as of Jul 22, 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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