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Data-driven stock valuation

Nexon Co Ltd ADR (NEXOY) fair value: what the stock is really worth

We calculate from audited financials what Nexon Co Ltd ADR is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Communication Services · US · Market cap $10.9B · ISIN US65340H1041

At a glance

NC Nexon Co Ltd ADR logo Nexon Co Ltd ADR NEXOY · US
Price$20.11
Fair Value$17.46
Upside−13.2%
Quality75/100

A strong business, but trading 15% above our fair value of $17.46.

As of Sep 8, 2026, the fair value of Nexon Co Ltd ADR is $17.46 per share against a price of $20.11, so the fair value sits 13% below the price. A model estimate from reported figures, not an analyst target.

✓Healthy Growth (revenue 5y +11.2 %/yr)
✓Highly profitable · 24.0% net margin
✓Low debt · generates free cash flow
·2.10% dividend yield
✓Ranks above peers (10/15)
✓Wide moat 74/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 16 out of 100
Evidence: Medium Range $13.09 to $21.82

Fair value as of: Sep 8, 2026

From 24 valuation models · updated today

Fair value updated Sep 8, 2026, revised from $17.19 to $17.46 (+1.6%) since Sep 5, 2026. Share price +34.8% over the past month.

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

$27.96 $12.53 Fair Value $17.46 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 8, 2026.

How to read this chart

60‑month range $12.53 – $27.96 · fair‑value band $13.09 – $21.82 · the $20.11 price screens above the $17.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 8, 2026.

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Analysis

Nexon Co Ltd ADR (NEXOY) currently trades at $20.11, while our model-based Fair Value estimate is $17.46, implying the stock looks roughly 15.2% overvalued today. The Quality Score stands at 75/100 (high quality), in the Communication Services sector. Bull case: the DCF Models group reads highest at a median of $24.73 per share, and 12 of the 24 models we run sit above the $20.11 price. Bear case: the Asset-Based group reads lowest at $5.74, and 12 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Nexon Co Ltd ADR generated revenue of ¥513B at a net margin of 24.0%. Revenue grew 33.6% year over year. It earns a return on equity of 11.6%. The balance sheet holds a net cash position of ¥447B. Fundamentals as of Sep 8, 2026

Scenario range: $13.09 (bear) to $21.82 (bull), the price of $20.11 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 28% below its 52-week high and 50% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at −46% fair-value upside, at −13%, NEXOY screens cheaper than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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
FCF DCF $21.99 $36.54 $61.87 78
Growth DCF $21.86 $35.22 $57.86 77
Owner Earnings $14.50 $22.98 $37.74 75
All 24 models by family
DCF Models
FCF DCF $21.99 $36.54 $61.87 78
Owner Earnings $14.50 $22.98 $37.74 75
5Y Revenue Exit $15.48 $22.60 $32.00 73
5Y EBITDA Exit $16.09 $23.85 $33.37 75
5Y P/E Exit $17.88 $27.53 $38.46 71
10Y Revenue Exit $17.24 $24.73 $35.78 67
10Y EBITDA Exit $17.93 $25.65 $36.92 68
10Y P/E Exit $19.11 $28.35 $41.18 64
Earnings-Based
Graham-Dodd $5.31 $24.66 $33.88 64
Lynch FV $6.50 $9.29 $12.08 61
PEG = 1.0 $6.50 $9.29 $12.08 57
EPV $9.65 $10.58 $11.40 74
Multiples
P/E Multiple $12.89 $17.19 $21.49 63
P/S Multiple $9.96 $13.28 $16.60 58
P/B Multiple $9.96 $13.28 $16.60 55
EV/EBIT $16.27 $20.35 $24.43 66
EV/EBITDA $14.09 $17.44 $20.78 67
EV/Revenue $12.51 $16.14 $19.77 54
Asset-Based
NCAV (Graham) $4.28 $5.74 $8.57 54
Growth DCF
Growth DCF $21.86 $35.22 $57.86 77
Rev-Margin DCF $15.48 $22.57 $31.75 73
Economic Profit
Residual Income $7.36 $8.05 $11.22 71
ROIC Compounder $10.13 $12.38 $15.47 72
Growth Earnings
Growth-Adj P/E $10.64 $15.20 $19.76 67

Widest divergence: DCF Models ($24.73) versus Asset-Based ($5.74). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 28.3
P/S ratio 5.49 P/E × margin
EPS (TTM) $0.7100 price ÷ EPS = P/E 28.3
Dividend yield 2.1% payout 59.5%
Net margin 19.4% FY2025
Return on equity 11.6% TTM
More key figures
Profitability
Return on assets (EBIT) 10.1% avg 5y
Operating margin 38.2% TTM
Growth
Revenue (TTM) ¥513B TTM
Revenue growth (YoY) +33.6% 3y avg +12.1%
EPS growth (YoY) +125%
Balance sheet & cash flow
Free cash flow ¥172B FY2025
Net cash ¥447B FY2025

Figures from reported company fundamentals · as of Sep 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 73 · Market factors (momentum, volatility) 47

Profitability 46
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 100
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

NEXON Co., Ltd. engages in the production, development, and distribution of video games and mobile games in Japan and internationally. It offers PC online games, mobile games, and console games. The company was formerly known as NEXON Japan Co., Ltd. and changed its name to NEXON Co., Ltd. in April 2009. NEXON Co., Ltd.

Full company description

NEXON Co., Ltd. engages in the production, development, and distribution of video games and mobile games in Japan and internationally. It offers PC online games, mobile games, and console games. The company was formerly known as NEXON Japan Co., Ltd. and changed its name to NEXON Co., Ltd. in April 2009. NEXON Co., Ltd. was founded in 1994 and is headquartered in Tokyo, Japan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nexon Co Ltd ADR reported revenue of ¥498B in FY2025 versus ¥274B in FY2021, a compound +16.1%/yr. Reported net income was ¥96.5B in FY2025, compounding −4.3%/yr from FY2021.

Growth Quality 89/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$498B
Latest YoY
+11.6%
Avg. revenue 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.
+12.1%
Avg. revenue 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.
+11.2%
Avg. revenue growth/yr (15Y) ⓘ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.
+14.0%
Value creation/yr (5Y, in JPY) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in JPY: 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.
+0.9%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−1.2%
Dividend yield2.1%
Trend ⓘ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.5Y −1.2% vs 10Y 13.7%, flattening
Operating margin (EBIT) ⓘ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.38.0% (2020) → 25.3% (2025) · falling
Worst earnings drop53% (2016) · in USD
Revenue +16.1%/yr
FY21 ¥274B
FY22 ¥354B
FY23 ¥423B
FY24 ¥446B
FY25 ¥498B
Net income −4.3%/yr
FY21 ¥115B
FY22 ¥100B
FY23 ¥70.6B
FY24 ¥135B
FY25 ¥96.5B
Character of growth · EPS growth decomposed (2014-2025) +13.3 % p.a.
Revenue per share +11.5 %

of which total revenue +10.7 % · buybacks/dilution +0.7 %

EBIT margin +0.5 %
Tax rate +0.3 %
Residual (interest, one-offs) +0.8 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

NEXOY screens 15% overvalued. Compare with Konami Group →

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Nexon Co Ltd ADR · Fair Value
$17.46 −15%Fair Value
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Cite: Fair Value Calculator (2026). "Nexon Co Ltd ADR Fair Value". https://www.fairvalue-calculator.com/stock/NEXOY

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Electronic Gaming & Multimedia · 150 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
Quality Score 75 · Top 25%
Fair Value upside −14% · Below median
Profitability
Return on equity (TTM) 12% · Above median
Return on assets 7% · Above median
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 38% · Top 25%
Growth and dividend
Revenue growth 34% · Top 25%
Dividend yield (TTM) 2.1% · Below median

Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper

P/E (TTM) 28.3× · Pricier than median
P/FCF 0.1× · Cheapest 25%
PEG 0.91× · Cheaper than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Nexon Co Ltd ADR deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years-5.4 % per year
Achieved revenue growth, 5 years+11.2 % p.a.
Sector median revenue growth+1.8 %
FCF yield on price6.90 %
Discount rate (WACC) in the models8.1 %

The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE16 · sector 18
FUTURE100 · sector 7
PAST46 · sector 18
HEALTH100 · sector 100
DIVIDEND42 · sector 55

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

Similar stocks

10 more Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Sep 8, 2026).

Stock Price Fair Value vs Fair Value
Konami Group KNM £221.05 £71.97 −67%
NetEase, Inc 9999 HK$188.80 HK$263.39 +40%
Electronic Arts Inc EA $209.70 $76.57 −63%
Take-Two Interactive Software, Inc TTWO $214.69 $60.20 −72%
Roblox Corporation RBLX $41.29 $21.20 −49%
Zhejiang Century Huatong Group 002602 ¥13.90 ¥14.68 +6%
KRAFTON, Inc 259960 234,500 KRW 356,218 KRW +52%
Giant Network Group 002558 ¥28.57 ¥15.50 −46%
International Games System Co 3293 709.00 TWD 568.16 TWD −20%
CD Projekt S.A CDR 234.40 PLN 64.48 PLN −72%

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Frequently asked questions

Is Nexon Co Ltd ADR (NEXOY) overvalued or undervalued?
As of Sep 8, 2026, our model estimates a fair value of $17.46 versus a price of $20.11, about −13% upside (overvalued).
What is the fair value of NEXOY?
Our model-based fair value for Nexon Co Ltd ADR is $17.46 (as of Sep 8, 2026), built from audited fundamentals. The current price: $20.11.
What is the quality score of NEXOY?
Nexon Co Ltd ADR has a Quality Score of 75/100. 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 Nexon Co Ltd ADR (NEXOY)?
Our model-based price target is the fair value of $17.46 (as of Sep 8, 2026) from 24 valuation models. Cautious scenario $13.09, optimistic scenario $21.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Nexon Co Ltd ADR stock forecast for 2026?
Our models put fair value at $17.46, about −13% upside versus a price of $20.11 (overvalued). Cautious scenario $13.09, optimistic scenario $21.82. The calculation is refreshed regularly with new filings.
What is the revenue of Nexon Co Ltd ADR (NEXOY)?
Nexon Co Ltd ADR reported trailing-twelve-month revenue of about ¥513B (latest available figure, as of Sep 8, 2026).
What is the net profit margin of NEXOY?
The net profit margin of Nexon Co Ltd ADR is about 24.0%, meaning it keeps roughly 24.0% of revenue as net income. Based on the latest reported figures.
Does Nexon Co Ltd ADR pay a dividend?
Nexon Co Ltd ADR currently shows a dividend yield of about 2.10% relative to its recent price (as of Sep 8, 2026).
What growth is priced into Nexon Co Ltd ADR (NEXOY)?
For today's price to be fair in a discounted-cash-flow model, Nexon Co Ltd ADR would have to grow free cash flow by -5.4 % per year for ten years (discount rate 8.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew +11.2 % per year. As of Sep 8, 2026.
What discount rate (WACC) does the fair value of NEXOY use?
Our models discount Nexon Co Ltd ADR at 8.1 %: a base by market capitalisation (large), damped by beta 0.50, country premium for USA. The same rate applies in all 26 models.
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