Obermatt

NEXON

TYO:3659 · JP3758190007
EntertainmentX-Large

360

91
EV / EBIT85
Price / Owner Earnings63
Owner Earnings Yield94
Dividend Yield61
Price/Sales35
EV / Gross Profit81
Price/Book76
Return on Capital68
Cash Return on Capital64
Return on Equity57
EBIT Margin85
Gross Profitability33
Cash Conversion51
Accruals75
Owner Earnings Margin90
Sales growth50
Profit Growth89
Long-Term EPS Growth46
Owner Earnings Growth64
Reinvestment66
Price momentum48
Debt load81
Refinancing26
Debt Payback100
Liquidity69
Analyst ratings34
Opinion Changes47
Price Target Upside76
Market mood55
Value Creation18/20strong 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

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

Profile

CountryJapan
IndustryEntertainment
SizeX-Large
TypePublic Company
ExchangeTSE
Founded2002
Employees91
ISINJP3758190007
Last UpdateApr 2, 2026
Themes
Digital MediaVideo GamesVirtual GoodsE-SportsGamingMobilePublishing

Description

Nexon Co., Ltd. (Nexon) is a company that contributions to the online gaming industry and specializes in the development and publishing of online games, primarily focusing on free-to-play models that generate revenue through microtransactions. The co…

Analysis

Hidden champion

NEXON Co., Ltd. fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns.

On valuation, the picture is attractive. The owner-earnings multiple stands at 12.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 0% a year, against analyst forecasts of 2%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 18/20 on our value-creation score: strong value creator.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
70
2023202420252026

All-time high

89

Jan 2024

All-time low

51

Mar 2026

Average rank

69

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
35
37
19
32
Price/Earnings
75
76
59
67
Price/Book
76
67
46
67
Dividend Yield
61
53
31
33
Value (overall)
70
55
26
41

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

Similar Stocks

The companies this stock is ranked against.

Compare NEXON with its peers
Shift Up
KSC:462870
76
CountrySouth Korea
IndustryEntertainment
SizeSmall
Full Stock Analysis →
The9
NAQ:NCTY
7
CountryChina
IndustrySoftware
SizeSmall
Full Stock Analysis →
Playtika
NSQ:PLTK
48
CountryChina
IndustryEntertainment
SizeLarge
Full Stock Analysis →
DoubleDown Interactive
NSQ:DDI
98
CountrySouth Korea
IndustryEntertainment
SizeMedium
Full Stock Analysis →
Kakao Games
KOE:293490
11
CountrySouth Korea
IndustryEntertainment
SizeSmall
Full Stock Analysis →
Com2uS
KOE:078340
52
CountrySouth Korea
IndustryEntertainment
SizeSmall
Full Stock Analysis →

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 →