W

Wemade Co Ltd
KOSDAQ:112040

Watchlist Manager
Wemade Co Ltd
KOSDAQ:112040
Watchlist
Price: 23 800 KRW -1.24%
Market Cap: ₩808B

EV/EBITDA

10.2
Current
263%
Cheaper
vs 3-y average of -6.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.2
=
Enterprise Value
₩432B
/
EBITDA
₩56.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.2
=
Enterprise Value
₩432B
/
EBITDA
₩56.2B

Valuation Scenarios

Wemade Co Ltd is trading below its 5-year average

If EV/EBITDA returns to its 5-Year Average (10.5), the stock would be worth ₩24 323.74 (2% upside from current price).

Statistics
Positive Scenarios
1/3
Maximum Downside
-17%
Maximum Upside
+2%
Average Downside
9%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 10.2 ₩23 800
0%
5-Year Average 10.5 ₩24 323.74
+2%
Industry Average 8.8 ₩20 534.81
-14%
Country Average 8.5 ₩19 870.11
-17%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₩432B
/
Jan 2026
₩56.2B
=
10.2
Current
₩432B
/
Dec 2026
₩105B
=
4.1
Forward
₩432B
/
Dec 2027
₩112.1B
=
3.9
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
KR
Wemade Co Ltd
KOSDAQ:112040
804.5B KRW 10.2 -43.2
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 24.6 34.2
CN
NetEase Inc
NASDAQ:NTES
73B USD 9.1 14.9
JP
Nintendo Co Ltd
TSE:7974
9.8T JPY 21.3 24.5
SG
Sea Ltd
NYSE:SE
51.1B USD 19.2 32.2
US
Electronic Arts Inc
NASDAQ:EA
50.7B USD 37.6 74.6
US
Roblox Corp
NYSE:RBLX
42.2B USD -40.3 -39.7
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
40.4B USD 41.6 -10.2
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
125.1B CNY 20.3 33.2
JP
Konami Holdings Corp
TSE:9766
2.7T JPY 16.7 31.9
JP
Nexon Co Ltd
TSE:3659
2.2T JPY 9.9 23.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
KR
W
Wemade Co Ltd
KOSDAQ:112040
Average EV/EBITDA: 21.1
10.2
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
CN
NetEase Inc
NASDAQ:NTES
9.1
12%
0.8
JP
Nintendo Co Ltd
TSE:7974
21.3
33%
0.6
SG
Sea Ltd
NYSE:SE
19.2
46%
0.4
US
Electronic Arts Inc
NASDAQ:EA
37.6
20%
1.9
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -40.3 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
41.6
58%
0.7
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
20.3
61%
0.3
JP
Konami Holdings Corp
TSE:9766
16.7
15%
1.1
JP
N
Nexon Co Ltd
TSE:3659
9.9
16%
0.6
P/E Multiple
Earnings Growth PEG
KR
W
Wemade Co Ltd
KOSDAQ:112040
Average P/E: 33.6
Negative Multiple: -43.2
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
14.9
14%
1.1
JP
Nintendo Co Ltd
TSE:7974
24.5
26%
0.9
SG
Sea Ltd
NYSE:SE
32.2
27%
1.2
US
Electronic Arts Inc
NASDAQ:EA
74.6
32%
2.3
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -39.7 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10.2 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
33.2
104%
0.3
JP
Konami Holdings Corp
TSE:9766
31.9
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
23.5
18%
1.3

Market Distribution

In line with most companies in Korea
Percentile
56th
Based on 1 135 companies
56th percentile
10.2
Low
0 — 5.3
Typical Range
5.3 — 15.6
High
15.6 —
Distribution Statistics
Korea
Min 0
30th Percentile 5.3
Median 8.5
70th Percentile 15.6
Max 24 013.5

Wemade Co Ltd
Glance View

Market Cap
808B KRW
Industry
Media

Wemade Co., Ltd. engages in the development and publication of mobile and online games. The company is headquartered in Seongnam, Gyeonggi-Do. The company went IPO on 2009-12-18. The company mainly provides personal computer (PC) and mobile games. The firm's online game products include Legend of Mir 2 and Legend of Mir 3, which are massively multiplayer online role playing games (MMORPGs); Changchun, an three-dimensional action MMORPG; LostSaga, which is a casual action game; Tartaros Online, a middle core action multiplayer online role playing game (MORPG); Avalon Online, which is an online real-time strategy (RTS) game, and Zwei Online, a two-dimensional MMORPG, as well as game software, which is applied to smart applications. The firm distributes its products within domestic market and to overseas markets.

Intrinsic Value
29 271.83 KRW
Undervaluation 19%
Intrinsic Value
Price ₩23 800
W
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett