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Nexon Co Ltd
TSE:3659

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Nexon Co Ltd
TSE:3659
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Price: 2 553 JPY 5.23% Market Closed
Updated: Mar 2, 2024

Intrinsic Value

NEXON Co., Ltd. engages in the development of free to play online and mobile games. [ Read More ]

The intrinsic value of one Nexon Co Ltd stock under the Base Case scenario is 2 624.36 JPY. Compared to the current market price of 2 553 JPY, Nexon Co Ltd is Undervalued by 3%.

Key Points:
Intrinsic Value
Base Case
2 624.36 JPY
Undervaluation 3%
Intrinsic Value
Price
N
Worst Case
Base Case
Best Case

Valuation Backtest
Nexon Co Ltd

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Fundamental Analysis

Nexon Projects Strong Future Amid Challenges
2023-Q4 Earnings Call

Nexon Projects Strong Future Amid Challenges

Despite facing operational challenges and an impairment loss of JPY 44.2 billion, Nexon remains optimistic about its future, anticipating step function growth in 2024. A focus on the user experience in live operations is set to pay off after a period of stabilization over the next few quarters. The company's solid performance is reflected in its 20% revenue increase and 30% operating income growth in 2023, a testament to effective cost management. Nexon also showcases confidence through a new JPY 100 billion stock purchase program to be completed over the next three years.

Financials

Balance Sheet Decomposition
Nexon Co Ltd

Current Assets 689.5B
Cash & Short-Term Investments 638.3B
Receivables 37.9B
Other Current Assets 13.3B
Non-Current Assets 408.6B
Long-Term Investments 237.3B
PP&E 52.9B
Intangibles 61.8B
Other Non-Current Assets 56.7B
Current Liabilities 89.4B
Accounts Payable 16.3B
Other Current Liabilities 73B
Non-Current Liabilities 112.5B
Long-Term Debt 25.2B
Other Non-Current Liabilities 87.3B
Efficiency
Fundamental Scores

Profitability Score
Profitability Due Diligence

Nexon Co Ltd's profitability score is 66/100. The higher the profitability score, the more profitable the company is.

66/100
Profitability
Score

Nexon Co Ltd's profitability score is 66/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Nexon Co Ltd's solvency score is 99/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
99/100
Solvency
Score

Nexon Co Ltd's solvency score is 99/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Nexon Co Ltd

Wall Street analysts forecast Nexon Co Ltd stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Nexon Co Ltd is 3 506.76 JPY with a low forecast of 2 323 JPY and a high forecast of 4 767 JPY.

Lowest
Price Target
2 323 JPY
9% Downside
Average
Price Target
3 506.76 JPY
37% Upside
Highest
Price Target
4 767 JPY
87% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

Price
Nexon Co Ltd

1M 1M
-9%
6M 6M
-14%
1Y 1Y
-14%
3Y 3Y
-26%
5Y 5Y
+47%
10Y 10Y
+519%
Annual Price Range
2 553
52w Low
2 274.5
52w High
3 260
Price Metrics
Average Annual Return 25.8%
Standard Deviation of Annual Returns 64.91%
Max Drawdown -55%
Shares Statistics
Market Capitalization 2.1T JPY
Shares Outstanding 856 406 700
Percentage of Shares Shorted
N/A

Return Decomposition
Main factors of price return

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Company Profile

Nexon Co Ltd

Country

Japan

Industry

Media

Market Cap

2.1T JPY

Dividend Yield

0.41%

Description

NEXON Co., Ltd. engages in the development of free to play online and mobile games. The company is headquartered in Minato-Ku, Tokyo-To and currently employs 6,683 full-time employees. The company went IPO on 2011-12-14. The firm operates through five business segments: Japan, Korea, China, North America, and Other. Business divisions are mainly classified into PC online and mobile business. The PC online business is mainly engaged in the production, development and distribution of PC online games. In addition, the Company also provides consulting services related to PC online game distribution, in-game advertising, and merchandising services. The mobile business develops and distributes mobile games played on smartphones, tablets. The business model used by the Company for PC online games and mobile games can be divided into three types: in-house distribution model, licensing model, and licensed distribution model.

Contact

TOKYO-TO
Minato-ku
6F, Ark Hills South Tower, 1-4-5, Roppongi
http://company.nexon.co.jp/

IPO

2011-12-14

Employees

6 683

Officers

CEO, President & Chairman
Mr. Owen Mahoney
CFO, Chief Administrative Officer & Representative Director
Mr. Shiro Uemura
Head of Investor Relations and Corporate PR
Ms. Maiko Ara
General Counsel
Mr. Koji Abe
Executive VP, Chief Strategy Officer & President of Nexon Film and Television
Mr. Nicolas Anton Van Dyk
Team Leader of Investor Relations
Takanori Kawai
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Investor Relations Officer
Junko Tomita
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See Also

Discover More
What is the Intrinsic Value of one Nexon Co Ltd stock?

The intrinsic value of one Nexon Co Ltd stock under the Base Case scenario is 2 624.36 JPY.

Is Nexon Co Ltd stock undervalued or overvalued?

Compared to the current market price of 2 553 JPY, Nexon Co Ltd is Undervalued by 3%.