Me2on Co. Ltd (201490) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Me2on Co. Ltd stock KRW 2,783, price KRW 2,425, upside +14.8%, quality 65 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 1,645 KRW – 8,545 KRW · fair‑value band 1,973 KRW – 3,927 KRW · the 2,425 KRW price screens below the 2,783 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Me2on Co., Ltd. operates as a social casino game development company in South Korea and internationally. The company develops, operates, and sells online social casino games based on the social network service. It offers mobile and PC games.
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The company was incorporated in 2010 and is headquartered in Seoul, South Korea.
Stock analysis
Me2on Co. Ltd (201490) currently trades at 2,425 KRW, while our model-based Fair Value estimate is 2,783 KRW, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 3,551 KRW per share, and 3 of the 26 models we run sit above the 2,425 KRW price.
Bear case: the Earnings-Based group reads lowest at 376.61 KRW, and 23 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 1,973 KRW (bear) to 3,927 KRW (bull), the price of 2,425 KRW sits inside 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 65/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Me2on Co. Ltd reported revenue of 121B KRW in FY2025 versus 110B KRW in FY2021, a compound +2.5%/yr. Reported net income was 772M KRW in FY2025, compounding −46.1%/yr from FY2021.
Key figures
Market cap 79.9B KRW (≈ $59.1M) Micro · P/E ratio 65.5 · P/S ratio 0.61 · EPS (TTM) 36.11 KRW · Dividend yield 3.5% · Net margin 1.0% · Return on equity 1.9% · Return on assets (EBIT) 12.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 51% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 50% fair-value upside, at 15%, 201490 screens richer than that median.
Fair Value models
Bear1,973 KRWFair Value 2,783 KRWBull3,927 KRW
Price 2,425 KRW · Upside +14.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (30.96 KRW per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+28.2%
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.
+2.6%
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.
−1.5%
Start year 2020 (pandemic). Over 10 years: +21.8% a year
Revenue growth 10 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.
+21.8%
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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.
−36.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−40.2%
Dividend (yield on the price)3.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−40.2% vs −13.0%, slowing
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.32% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
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 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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.Electronic Gaming & Multimedia · 164 stocks
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 Me2on Co. Ltd (201490) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 2,783 KRW versus a price of 2,425 KRW, about +15% upside (undervalued).
What is the fair value of 201490?
Our model-based fair value for Me2on Co. Ltd is 2,783 KRW (as of Nov 9, 2026), built from audited fundamentals. The current price: 2,425 KRW.
What is the quality score of 201490?
Me2on Co. Ltd has a Quality Score of 65/100. 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 Me2on Co. Ltd (201490)?
Our model-based price target is the fair value of 2,783 KRW (as of Nov 9, 2026) from 26 valuation models. Cautious scenario 1,973 KRW, optimistic scenario 3,927 KRW. It is a calculation from audited fundamentals, not an analyst target.
What is the Me2on Co. Ltd stock forecast for 2026?
Our models put fair value at 2,783 KRW, about +15% upside versus a price of 2,425 KRW (undervalued). Cautious scenario 1,973 KRW, optimistic scenario 3,927 KRW. The calculation is refreshed regularly with new filings.
What is the revenue of Me2on Co. Ltd (201490)?
Me2on Co. Ltd reported trailing-twelve-month revenue of about 123B KRW (latest available figure, as of Nov 9, 2026).
Does Me2on Co. Ltd pay a dividend?
Me2on Co. Ltd currently shows a dividend yield of 3.46% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Me2on Co. Ltd (201490)?
Me2on Co. Ltd has a dividend yield of 3.5%.
What growth is priced into Me2on Co. Ltd (201490)?
For today's price to be fair in a discounted-cash-flow model, Me2on Co. Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.5 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 201490 use?
Our models discount Me2on Co. Ltd at 13.5 %: a base by market capitalisation (micro), damped by beta 1.10, 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 Me2on Co. Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Me2on Co. Ltd (201490) delivered so far?
Over the past 5 years revenue at Me2on Co. Ltd grew -1.5 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per 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 Me2on Co. Ltd (201490) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Me2on Co. Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Me2on Co. Ltd (201490)?
The free-cash-flow yield on the price is 26.21 %: that much free cash flow Me2on Co. Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Me2on Co. Ltd (201490)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Me2on Co. Ltd it is 2,783 KRW per share (as of Nov 9, 2026), against a price of 2,425 KRW. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Me2on Co. Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 201490 trades below its calculated fair value: price 2,425 KRW, fair value 2,783 KRW, a gap of about +15% (undervalued). 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 201490?
No. The price is what the market pays today (2,425 KRW); the fair value is what the company's own numbers justify (2,783 KRW). For Me2on Co. Ltd the two are 358.00 KRW per share apart. That gap is exactly why we show both numbers side by side.
How much is Me2on Co. Ltd worth?
The market values Me2on Co. Ltd at about 79.9B KRW (market capitalisation, as of Nov 9, 2026). Per share that is 2,425 KRW; our models calculate a fair value of 2,783 KRW per share.
What do the bullish and bearish scenarios say about 201490?
Our models span a range for Me2on Co. Ltd: cautious scenario 1,973 KRW, base 2,783 KRW, optimistic 3,927 KRW per share (as of Nov 9, 2026, price 2,425 KRW). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 201490?
Me2on Co. Ltd trades at a price-to-earnings ratio of 65.5 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 2,783 KRW is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 22.4. Other multiples: P/B 0.6, P/S 3.2, EV/EBITDA 16.0.
How solid is the balance sheet of Me2on Co. Ltd (201490)?
Balance-sheet figures for Me2on Co. Ltd (as of Nov 9, 2026): return on equity 1.9%, debt of 0.06 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 201490 from its 52-week high?
Me2on Co. Ltd trades at 2,425 KRW, about 51% below its 52-week high of 4,965 KRW and 32% above the low of 1,835 KRW (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 2,783 KRW is for.
Which stocks are comparable to Me2on Co. Ltd?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, 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 Me2on Co. Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 2,425 KRW, calculated fair value 2,783 KRW (+15%), Quality Score 65/100, from 26 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 201490 calculated?
We run Me2on Co. Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 2,783 KRW builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Me2on Co. Ltd currently trades 13% below its own fair value, and the market average says nothing about that. 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 is the share price of Me2on Co. Ltd (201490)?
The closing price on Nov 9, 2026 was 2,425 KRW. Our model-based fair value is 2,783 KRW, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Me2on Co. Ltd right now?
A fairly wide model range (1,973 KRW to 3,927 KRW) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Me2on Co. Ltd
How large is the market capitalisation of Me2on Co. Ltd (201490)?
The market capitalisation of Me2on Co. Ltd is 79.9B KRW (≈ $59.1M). 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 Me2on Co. Ltd (201490)?
The price-to-sales ratio of Me2on Co. Ltd is 0.61 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Me2on Co. Ltd (201490)?
Earnings per share at Me2on Co. Ltd are 36.11 KRW (price ÷ EPS = P/E 65.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Me2on Co. Ltd (201490)?
The dividend yield of Me2on Co. Ltd is 3.5%. 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 Me2on Co. Ltd (201490)?
The net margin of Me2on Co. Ltd is 1.0% (last twelve months). 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 Me2on Co. Ltd (201490)?
The return on equity (ROE) of Me2on Co. Ltd is 1.9% (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 Me2on Co. Ltd (201490)?
On an EBIT basis the return on assets of Me2on Co. Ltd is 12.4% (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 Me2on Co. Ltd (201490)?
The operating margin of Me2on Co. Ltd is 19.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Me2on Co. Ltd (201490)?
Revenue at Me2on Co. Ltd is growing +11.2% versus a year earlier (3y avg +2.6%). 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 Me2on Co. Ltd (201490)?
Earnings per share at Me2on Co. Ltd are growing +79.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Nov 9, 2026