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NEOWIZ (095660) Fair Value & Analysis

Technology · KR · Market cap 336B KRW

N NEOWIZ 095660 · KQ
Price19,360 KRW
Fair Value46,407 KRW
Upside+139.7%
Quality77/100
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Healthy Growth
Highly profitable · 20.4% net margin
Low debt · generates free cash flow
1.17% dividend yield
Ranks above peers (8/10)
Narrow moat 44/100
Evidence: Medium Range 35,650 KRW – 57,165 KRW Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price +4.6% over the past month.

A strong business, screening 140% undervalued on our models.

What matters now

  • The rarer combination: high quality (77/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (35,650 KRW). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

48,890 KRW 16,350 KRW Fair Value 46,407 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 16,350 KRW – 48,890 KRW · fair‑value band 35,650 KRW – 57,165 KRW · the 19,360 KRW price screens below the 46,407 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

NEOWIZ (095660) currently trades at 19,360 KRW, while our model-based Fair Value estimate is 46,407 KRW, implying the stock looks roughly 139.7% undervalued today. The Quality Score stands at 77/100 (high 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: medium), always confirm before acting.

Over the trailing twelve months, NEOWIZ generated revenue of 291B KRW at a net margin of 20.4%. Revenue grew 21.5% year over year. Fundamentals as of Jul 22, 2026

Our scenario range runs from 35,650 KRW (bear case) to 57,165 KRW (bull case); at 19,360 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 39% below its 52-week high and 6% 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 140%, 095660 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 45,669 KRW 69,619 KRW 106,581 KRW 80
Residual Income 21,987 KRW 24,404 KRW 40,469 KRW 76
Rev-Margin DCF 33,747 KRW 51,124 KRW 71,842 KRW 74
All 26 models by family
DCF Models
FCF DCF 45,057 KRW 72,522 KRW 118,017 KRW 38
Owner Earnings 39,101 KRW 62,642 KRW 101,636 KRW 31
5Y Revenue Exit 33,747 KRW 50,991 KRW 73,037 KRW 39
5Y EBITDA Exit 36,556 KRW 56,382 KRW 79,679 KRW 41
5Y P/E Exit 40,606 KRW 64,156 KRW 89,317 KRW 38
10Y Revenue Exit 36,410 KRW 53,583 KRW 76,964 KRW 36
10Y EBITDA Exit 39,107 KRW 57,466 KRW 82,277 KRW 37
10Y P/E Exit 41,775 KRW 63,066 KRW 89,988 KRW 35
Earnings-Based
Graham-Dodd 16,058 KRW 56,246 KRW 75,636 KRW 54
Lynch FV 13,108 KRW 18,726 KRW 24,344 KRW 50
PEG = 1.0 13,108 KRW 18,726 KRW 24,344 KRW 46
EPV 28,089 KRW 32,450 KRW 36,326 KRW 59
Dividend Discount
Gordon GGM 2,270 KRW 4,956 KRW 8,339 KRW 70
DDM Multi-Stage 2,270 KRW 4,048 KRW 5,165 KRW 61
Multiples
P/E Multiple 38,964 KRW 51,951 KRW 64,939 KRW 63
P/S Multiple 30,108 KRW 40,144 KRW 50,180 KRW 58
P/B Multiple 30,108 KRW 40,144 KRW 50,180 KRW 55
EV/EBIT 37,387 KRW 48,723 KRW 60,059 KRW 53
EV/EBITDA 35,650 KRW 46,407 KRW 57,165 KRW 54
EV/Revenue 29,168 KRW 40,221 KRW 51,273 KRW 43
Asset-Based
NCAV (Graham) 12,549 KRW 16,815 KRW 25,097 KRW 50
Growth DCF
Growth DCF 45,669 KRW 69,619 KRW 106,581 KRW 80
Rev-Margin DCF 33,747 KRW 51,124 KRW 71,842 KRW 74
Economic Profit
Residual Income 21,987 KRW 24,404 KRW 40,469 KRW 76
ROIC Compounder 29,062 KRW 37,169 KRW 48,066 KRW 72
Growth Earnings
Growth-Adj P/E 33,426 KRW 47,752 KRW 62,077 KRW 68

Widest divergence: DCF Models (57,466 KRW) versus Dividend Discount (4,048 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 291B KRW
Revenue growth (YoY) +21.5%
Net margin 20.4%
Return on equity -164%
Free cash flow 71.3B KRW FY2025
Operating margin 9.4%
More key figures
Dividend yield 1.2%
EPS growth (YoY) -5.8%

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

Quality Score breakdown

Overall quality 77/100

Of which business quality 77 · Market factors (momentum, volatility) 27

Profitability 58
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 93
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

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
433B KRW
Latest YoY
+18.0%
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.
+13.7%
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.
+8.4%
Avg. growth/yr (18Y) 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.
+7.4%
Revenue +13.5%/yr
FY21 261B KRW
FY22 295B KRW
FY23 366B KRW
FY24 367B KRW
FY25 433B KRW
Net income −3.1%/yr
FY21 56.8B KRW
FY22 13.1B KRW
FY23 48.7B KRW
FY24 2.4B KRW
FY25 50.0B KRW

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Cite: Fair Value Calculator (2026). "NEOWIZ Fair Value". https://www.fairvalue-calculator.com/stock/095660

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 77 · Top 25%
Fair Value upside +140% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 20% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 22% · Top 25%
Dividend yield (TTM) 1.2% · Below median

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

P/FCF 0.0× · Cheaper 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 100 · sector 0
FUTURE 100 · sector 28
PAST 0 · sector 74
HEALTH 100 · sector 99
DIVIDEND 23 · sector 26

Insider activity: 45/100

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.

Similar stocks

10 more Software & IT Services stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
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Wemade Co 112040 15,160 KRW 9,700 KRW -36%
AfreecaTV Co 067160 45,200 KRW 176,746 KRW +291%
Gabia Inc 079940 44,050 KRW 24,232 KRW -45%
Hancom Inc 030520 15,890 KRW 31,596 KRW +99%
Webzen Inc 069080 11,750 KRW 12,748 KRW +8%
Wemade Max Co 101730 3,665 KRW 825.00 KRW -77%
GalaxiaMoneytree Co 094480 4,600 KRW 3,778 KRW -18%
DAEA TI Co 045390 2,475 KRW 4,958 KRW +100%
UBcare. Co 032620 2,865 KRW 8,936 KRW +212%

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Frequently asked questions

Is NEOWIZ (095660) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 46,407 KRW versus a price of 19,360 KRW, about +140% (undervalued).
What is the fair value of 095660?
Our model-based fair value for NEOWIZ is 46,407 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 19,360 KRW.
What is the quality score of 095660?
NEOWIZ has a Quality Score of 77/100. 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 NEOWIZ (095660)?
NEOWIZ reported trailing-twelve-month revenue of about 291B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 095660?
The net profit margin of NEOWIZ is about 20.4%, meaning it keeps roughly 20.4% of revenue as net income. Based on the latest reported figures.
Does NEOWIZ pay a dividend?
NEOWIZ currently shows a dividend yield of about 1.17% 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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