NC Corporation
036570 · KOSPI · Communication Services · ₩3.9T (approx. $2.9B)· Nat'l Pension stake 8.10% (2024-12-31)
₩201,500+1.0%vs prev closeclose of 2026-10-30 · not real-time
Valuation summary
Looks fairly valued
NC Corporation, together with its subsidiaries, develops and publishes online games in Korea, Japan, Taiwan, the United States of America, Europe, and Canada. It also engages in software development, call center management, professional baseball team, creation of 3D resources,…· Source: company profile (yfinance/Yahoo Finance)
💰 Net stock buybacks last fiscal year: ₩987.6M · 0.03% of market cap
Valuation summary54/100Downside rigidity37/100Upside potential30/100
⚠ Value-trap warning
This stock is flagged by our value-trap filter (e.g. shrinking earnings, negative free cash flow, or losses). Cheap can stay cheap — read why before acting.
Which value-trap type
- Negative earnings growth — recent net income growth -21.8% (earnings shrinking).
vs. fair value24 analysts
+71%Undervalued
Price ₩201,500Fair value ₩343,625
vs. analyst consensus target. The target is an opinion, not a prediction or buy signal.
Score summary
A summary of valuation factors — not a buy recommendation. You decide.
Data as of: 2026-10-30 · end-of-day, not real-timeData as of — price/valuation/technicals: the close date above · NPS stake: US=quarterly SEC 13F, Korea=annual · short interest: exchange's latest settlement · fundamentals: latest filing📈 Bullish divergence (observed)· 2026-09-11 → 2026-10-27
Themes:Gaming
Peers
| Company | PER | PBR | ROE | Div | Score |
|---|---|---|---|---|---|
| 엔씨소프트 | 7.0 | 1.1 | 19% | 0.6% | 32 |
| 넷마블 | 7.1 | 0.5 | 7% | 2.6% | 36 |
| 제일기획 | 9.6 | 1.1 | 15% | 6.5% | 44 |
| LG유플러스 | 11.4 | 0.7 | 6% | 4.9% | 47 |
| NHN | 21.7 | 0.9 | 6% | 1.0% | 52 |
| 더블유게임즈 | 6.5 | 0.8 | 14% | 2.2% | 47 |
Same sector, nearest by market cap · – = no data (value traps excluded)
Chart patterns matched (observational)
📈 Bullish divergence (observational)📉 Gap-down reversal (watch-only)Gap-down then 5-day MA reclaim (watch-only)
Technical patterns for reference — not a buy recommendation.
Price chart
View on Naver Finance →· Chart: Naver Finance
The chart (long-term trend, Ichimoku cloud) is for observation only — not a buy or sell signal.
Structure analysis · observation only
Shows only where the current price sits within the channel structure (based on past swings).
Position: 0.5~1.0 zone · Downtrend channelStructure as of 2026-10-30
Channel levels (price by multiple)
- Baseline (0)₩223,394
- ×0.5₩205,371
- Current price₩201,500
- ×1₩187,348
- ×1.5₩169,325
- ×2₩151,301
- ×2.5₩133,278
- ×3₩115,255
Unfilled gaps
- Gap downabove price₩284,500–₩287,500 · Gap width 1.1% · 2026-06-05
- Gap upbelow priceBeyond chart₩135,420–₩136,017 · Gap width 0.44% · 2025-04-23
The channel, levels and gaps are observational geometry showing where the current price sits within past swing structure. They are not a rebound/bottom probability, a price target, or a buy/sell signal — plain chart patterns carry no reliable predictive edge (our backtest conclusion).
A highlight of the key metrics detailed below.
PER vs its own history PER is in the bottom 2% of its own 7.8-year range (historically cheap)Range 6.6–54.5 · median 25.7Observational only — a lower PER can reflect slowing growth, so 'cheap' isn't always undervalued.
Why it looks cheap
- EV/EBITDA6.6
- EV/Sales1.2
Why it might be risky
- –
Strategy ranks
Top-tier in 2 of 7 evaluated strategies
Ranks within the Korea market — tap to open that ranking (ranks are per market).
Valuation
- P/E (Price/Earnings)
- 7.0
- Forward P/E
- 8.9
- P/B (Price/Book)
- 1.1
- PEG
- –
- P/S (Price/Sales)
- 1.9
- Dividend Yield
- 0.6%
- FCF Yield
- 4.7%
- EV/EBITDA
- 6.6
- EV/Sales
- 1.2
- Net Debt / EBITDA
- -3.96
- P/CF (Price/Cash Flow)
- 10.6
Quality & growth
- ROE (Return on Equity)
- 18.9%
- ROA (Return on Assets)
- 4.1%
- Rule of 40
- 124.1
- Earnings Growth
- -21.8%
Past returns
1M
-3.6%
3M
-9.4%
6M
-25.5%
1Y
-1.4%
3Y
-18.0%
5Y
-67.3%
Past returns — they do not guarantee future results.
Enterprise value
Market cap
₩3.9T
Enterprise value (EV)
₩2.5T
Net cash
₩1.5T
vs market cap
63.0%
EV as reported by our data provider (Yahoo Finance) · net debt is our own calc (total debt − cash) · definitions differ, so EV need not equal market cap + net debt (minority interest, preferred stock)
More indicators
Sortino
0.42
Downside vol
40.29%
Max drawdown (3y)
-50.59%
Deep historical drawdown
Volatility (annual.)
57.93%
Large price swings
RSI(14) daily
43.50
RSI(14) weekly
41.30
RSI(14) monthly
44.10
vs 200d MA
-14.04%
Below 200-day avg
Trend slope (annualized)
4.87%
No clear trend
FCF margin
8.90%
Beta
0.97
Moves with market
Payout ratio
3.61%
Sustainable
Price/Graham
0.58
Undervalued
Buyback yield
0.03%
Golden cross
✕ not aligned
Color: green = healthy, red = caution (absolute thresholds, value/quality metrics only). Downside vol & Sortino are annualized. Max drawdown = largest drop from a 3-year peak; volatility = 1-year annualized. Price/Graham < 1 = below Graham fair value (profitable, positive-equity names only). RSI < 30 = oversold. For reference only.
Long-term trend (Ichimoku)
A Japanese trend tool. Price above the 'cloud' is supportive; below is weak. A strong uptrend doesn't mean it's cheap — stocks that have run up are usually more expensive.
D
Below the cloud (weak)
W
Below the cloud (weak)
M
Below the cloud (weak)
RSI divergence (timeframes)
Daily · cleared gate (tiny effect)
Of 24 backtested chart patterns, only the daily bullish variant cleared the 20-day excess-return gate (t=2.23). The excess was +0.68% — economically negligible — and the bearish variant did not clear it. Treat it as an observation, not a probability or buy signal.
📈 Bullish divergence (observed)
Low pivots
2026-09-11 → 2026-10-27
Weekly · observational
Observational — no predictive edge confirmed in backtest (not a signal).
–
Monthly · observational
Observational — no predictive edge confirmed in backtest (not a signal). Over long holds it has tended to underperform the average.
–
When price falls while RSI makes a higher low, you are 'observing' selling pressure fading — not a forecast or a buy signal.