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YLAB Corporation (432430) Fair Value & Analysis

Communication Services · KR · Market cap 32.8B KRW

YC YLAB Corporation 432430 · KQ
Price2,120 KRW
Fair Value732.07 KRW
Upside-65.5%
Quality48/100
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Expensive Growth
Loss-making · -20.3% net margin
negative free cash flow
Trails peers (1/7)
Narrow moat 14/100
Evidence: Low Range 483.16 KRW – 915.08 KRW Share as image

Fair value as of: Jul 22, 2026

From 1 valuation models · updated 18 days ago

Share price −1.4% over the past month.

Below-average quality, and screening another 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (915.08 KRW). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (483.16 KRW to 915.08 KRW) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

17,560 KRW 1,786 KRW Fair Value 732.07 KRW Jul 2023 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

37‑month range 1,786 KRW – 17,560 KRW · fair‑value band 483.16 KRW – 915.08 KRW · the 2,120 KRW price screens above the 732.07 KRW fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

YLAB Corporation (432430) currently trades at 2,120 KRW, while our model-based Fair Value estimate is 732.07 KRW, implying the stock looks roughly 65.5% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Communication Services 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: low).

Over the trailing twelve months, YLAB Corporation generated revenue of 35.9B KRW at a net margin of -20.3%. Revenue declined 8.7% year over year. It earns a return on equity of -31.4%. Fundamentals as of Jul 22, 2026

Our scenario range runs from 483.16 KRW (bear case) to 915.08 KRW (bull case); at 2,120 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 68% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at -65%, 432430 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
NCAV (Graham) 836.88 KRW 1,121 KRW 1,674 KRW 50
All 1 models by family
Asset-Based
NCAV (Graham) 836.88 KRW 1,121 KRW 1,674 KRW 50

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Key figures & financial health

Revenue (TTM) 35.9B KRW
Revenue growth (YoY) -8.7%
Net margin -20.3%
Return on equity -31.4%
Free cash flow −12.4B KRW FY2025
Operating margin -31.6%

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 50 · Market factors (momentum, volatility) 17

Profitability 16
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 73
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

YLAB Corporation operates as a content production company in South Korea, Japan, and Vietnam. It engages in the planning and production of webtoon works, as well as video works; and operation of Naver Webtoon platform. The company was founded in 2010 and is based in Seoul, South Korea.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

YLAB Corporation reported revenue of 37.1B KRW in FY2025 versus 21.7B KRW in FY2021, a compound +14.4%/yr. Reported net income was −6.7B KRW in FY2025.

Growth Quality 29/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
37.1B KRW
Latest YoY
+48.5%
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.
+7.6%
Revenue +14.4%/yr
FY21 21.7B KRW
FY22 29.8B KRW
FY23 19.4B KRW
FY24 25.0B KRW
FY25 37.1B KRW
Net income
FY21 454M KRW
FY22 −572M KRW
FY23 −6.1B KRW
FY24 −8.3B KRW
FY25 −6.7B KRW

432430 screens 65% overvalued. Compare with Netflix, Inc →

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Cite: Fair Value Calculator (2026). "YLAB Corporation Fair Value". https://www.fairvalue-calculator.com/stock/432430

Peer Group

Entertainment · 265 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 50 · Above median
Fair Value upside −66% · Bottom 25%
Return on assets -12% · Bottom 25%
Net margin (TTM) -20% · Bottom 25%
Operating margin (TTM) -32% · Bottom 25%
Revenue growth -9% · Below median

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 Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is YLAB Corporation (432430) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 732.07 KRW versus a price of 2,120 KRW, about −65% (overvalued).
What is the fair value of 432430?
Our model-based fair value for YLAB Corporation is 732.07 KRW (as of Jul 22, 2026), built from audited fundamentals. The current price is 2,120 KRW.
What is the quality score of 432430?
YLAB Corporation has a Quality Score of 48/100. 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 YLAB Corporation (432430)?
YLAB Corporation reported trailing-twelve-month revenue of about 35.9B KRW (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 432430?
The net profit margin of YLAB Corporation is about -20.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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