Obermatt

NCSOFT

KSC:036570 · KR7036570000
EntertainmentMedium

360

98
EV / EBIT78
Price / Owner Earnings60
Owner Earnings Yield84
Dividend Yield45
Price/Sales32
EV / Gross Profit77
Price/Book46
Return on Capital28
Cash Return on Capital72
Return on Equity72
EBIT Margin39
Gross Profitability77
Cash Conversion18
Accruals69
Owner Earnings Margin88
Sales growth96
Profit Growth78
Long-Term EPS Growth67
Reinvestment92
Price momentum91
Debt load68
Refinancing42
Debt Payback100
Liquidity56
Analyst ratings61
Opinion Changes59
Price Target Upside52
Market mood3
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

NCSOFT generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountrySouth Korea
IndustryEntertainment
SizeMedium
TypePublic Company
ExchangeKOSE
Founded1997
Employees723
Websitenc.com
ISINKR7036570000
Last UpdateApr 2, 2026
Themes
Video GamesE-SportsSoftware DevelopmentCasual GamesGamingMobileSoftwareVideo

Description

Analysis

Middle-of-the-road

NC Corporation sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 10.8×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -2% a year, against analyst forecasts of 9%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is sturdy. The company scores 16/20 on our value-creation score: strong value creator. Analysts lean positive.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
46
2023202420252026

All-time high

63

Jan 2023

All-time low

22

Jan 2025

Average rank

46

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
32
46
41
40
Price/Earnings
48
58
60
65
Price/Book
46
77
74
46
Dividend Yield
45
66
64
66
Value (overall)
33
71
60
61

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →