Wemade Co (112040) Fair Value & Analysis
Technology · KR · Market cap 525B KRW
Fair value as of: Jul 22, 2026
From 14 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from 10,166 KRW to 9,700 KRW (−4.6%) since Jul 5, 2026. Share price −11.0% over the past month.
Below-average quality, and screening another 42% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (11,020 KRW). The favourable scenario is already priced in.
- Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 14,160 KRW – 225,457 KRW · fair‑value band 8,380 KRW – 11,020 KRW · the 16,760 KRW price screens above the 9,700 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Wemade Co (112040) currently trades at 16,760 KRW, while our model-based Fair Value estimate is 9,700 KRW, implying the stock looks roughly 42.1% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Wemade Co generated revenue of 475B KRW at a net margin of 27.3%. Revenue grew 70.9% year over year. Fundamentals as of Jul 22, 2026
Our scenario range runs from 8,380 KRW (bear case) to 11,020 KRW (bull case); at 16,760 KRW, the current price sits above 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 61% below its 52-week high and 3% 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 -42%, 112040 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.
All 14 models by family
Widest divergence: DCF Models (25,038 KRW) versus Earnings-Based (6,362 KRW). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 8
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
Wemade Co.,Ltd. develops and publishes mobile and online games worldwide. It also engages in the licensing of intellectual property rights. The company was founded in 2000 and is based in Seongnam, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Wemade Co reported revenue of 614B KRW in FY2025 versus 335B KRW in FY2021, a compound +16.4%/yr. Reported net income was −18.6B KRW in FY2025.
112040 screens 42% overvalued. Compare with KINX, Inc →
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.
Valuation Multiples vs Software & IT Services median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 |
|---|---|---|---|
| KINX, Inc 093320 | 128,700 KRW | 74,800 KRW | -42% |
| 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% |
| NEOWIZ 095660 | 17,010 KRW | 46,407 KRW | +173% |
| 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
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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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