Kakao Games Corp (293490) Fair Value & Analysis
Communication Services · KR · Market cap 775B KRW
Fair value as of: Jul 7, 2026
From 2 valuation models · updated today
Fair value updated Jul 7, 2026 — revised from 39,943 KRW to 8,921 KRW (−77.7%) since Jun 24, 2026. Share price −19.2% over the past month.
Price vs Fair Value (12 months)
12‑month range 6,930 KRW – 23,500 KRW · fair‑value band 6,657 KRW – 13,314 KRW · the 7,850 KRW price screens below the 8,921 KRW fair value. As of Jul 7, 2026.
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Kakao Games Corp (293490) currently trades at 7,850 KRW, while our model-based Fair Value estimate is 8,921 KRW — implying the stock looks roughly 13.6% undervalued today. We read business quality at 35/100 (below-average quality), in the Communication Services 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: low) — always confirm before acting.
Over the trailing twelve months, Kakao Games Corp generated revenue of 425B KRW at a net margin of -25.2%. Revenue declined 32.5% year over year. It earns a return on equity of -11.6%. Net debt stands at 443B KRW. Fundamentals as of Jul 7, 2026
Our scenario range runs from 6,657 KRW (bear case) to 13,314 KRW (bull case); at 7,850 KRW, the current price sits within that range. The share trades about 67% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -17% fair-value upside — at 14%, 293490 screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 7, 2026. TTM = trailing twelve months.
About the company
Kakao Games Corp. operates a mobile and PC online game service platform for gamers worldwide. The company develops and publishes various genres of games, including PC, mobile, and VR platforms. It provides mobile game services, such as kakao and snack game, mobile game play channel, play by star, and Cacao game shop; and PC online game services comprising PC/online game portal and Cacao games PC room. The company was incorporated in 2013 and is based in Seongnam-si, South Korea.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kakao Games Corp reported revenue of 465B KRW in FY2025 versus 1.0T KRW in FY2021, a compound −17.7%/yr. Reported net income was −100B KRW in FY2025.
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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.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.