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← CockpitCompetitor Analysis › 293490.KS Kakao Games Corp.Open in the cockpit ↗

Kakao Games Corp.293490.KSCompetitor analysis, valuation and peers

South Korea · KRW·Information Technology›Packaged Software
Momentum leader 97
Mkt cap
$962M
US dollars, full cap
Free float
38%
of shares outstanding
$/day
$6.22M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-10.4 pp
WACC 5.0%
Hurdle
n/a
no reverse DCF
Next earnings
97 days
11 Feb 2027
Close · KRW₩12,340
1D-2.8%
1W+3.9%
1M+22.1%
3M+48.0%
6M+2.7%
YTD-17.2%
1Y-22.9%
ATR %6.4%
52w lowhigh33.1% off high

What Kakao Games does

Employees: 473

Kakao Games at a glance

Size Kakao Games (293490.KS) is a South Korea Information Technology company (Packaged Software) with a market value of $962M, the 240th largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩12,340 on 6 Nov 2026.

Performance Over six months the shares gained 2.7%, against -13.8% for the median peer and -24.5% for the South Korea market (cap-weighted) — 6th highest of 19 in its peer set.

Growth Revenue fell 21.4% over the last twelve months (peer median +10.8%); the operating margin is -27.0% (peer median 3.8%).

Valuation It trades at 4.0× enterprise value to sales against a peer median of 3.7× (10th most expensive of 20).

Capital Return on invested capital runs 10.4 points below its cost of capital (5.0% WACC).

Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026293490.KS 104Peer median 85
Six months, rebased to 100: Kakao Games against the median of its 20 peers (local-currency closes).

Kakao Games financials

Reported figures in KRW; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₩326B₩465B₩627B₩726B₩1.15T
Revenue growth—-26%-14%-37%—
Gross profitn/a₩79.4Bn/a₩555B₩665B
EBITDAn/a₩2.16B₩61.2B₩145B₩269B
Net income-₩178B-₩91.1B-₩109B-₩229B-₩234B
Free cash flown/a-₩52.4B₩14.9B₩97.0B₩110B
Capital expendituren/a₩32.2B₩26.2B₩49.8B₩46.1B
Total debtn/a₩1.04T₩997B₩1.31T₩1.28T

Quarterly statements and history in the cockpit →

Kakao Games competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%0%+20%3012483006783005206636301153688232ODDPLTKBSOFT68836560308225862391688225NABLRATEGAINGTM603990293490.KS6-month return →1-month return →
Up and to the right = strong over both horizons. Kakao Games is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×10×20×SHIPROCKET3012483006783005206636301153688232ODDPLTK688365603082593ARATEGAIN603990293490.KSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kakao Games is the large dot.

Kakao Games competitors and peer comparison

How Kakao Games compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Kakao Games against its 20 peers (data as of 6 Nov 2026)
Measure293490.KSPeer medianRank in peer set
1-month return+22.1%+1.4%highest of 21
6-month return+2.7%-13.8%6th highest of 19
Distance from 52-week high-33.1%-43.1%7th highest of 21
Revenue growth (TTM)-21.4%+10.8%lowest of 21
Operating margin-27.0%3.8%2nd lowest of 21
EV / Sales4.0×3.7×10th most expensive of 20
ROIC minus cost of capital-10.4 pp-4.6 pp6th lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Kakao Games 293490.KSSouth Korea$962M+3%-21%-27%4.0×n/an/a
Shiprocket SHIPROCKET.NSIndia$963Mn/a+24%-5%4.5×56.2%+23.0%
Nexwise Intelligence China 301248.SZChina$967M-47%+11%13%11.1×n/an/a
Chengdu Information Technology of Chinese Academy of Sciences 300678.SZChina$969M-24%+100%0%6.3×n/an/a
GuoChuang Software 300520.SZChina$955M-40%-14%-12%5.1×n/an/a
Shandong Extreme Vision Technology 6636.HKHong Kong$939M-34%+14%-19%21.5×n/an/a
Beijing CTJ Information Technology 301153.SZChina$939M-15%+23%15%5.3×17.7%+7.0%
Guotai Epoint Software 688232.SSChina$932M-13%-9%0%1.7×29.4%-3.0%
ODDITY Tech ODDUnited States$931M+36%-10%-1%1.9×n/an/a
Playtika PLTKUnited States$931M-33%+6%17%1.1×-16.4%+3.0%
Birlasoft BSOFT.NSIndia$998M-7%+4%15%1.3×7.9%+8.4%
Hangzhou Raycloud Technology 688365.SSChina$926M-27%+14%-1%10.2×n/an/a
BZS (Beijing) Technology Development 603082.SSChina$925M+9%+22%6%2.2×19.0%+13.7%
Dmall 2586.HKHong Kong$922M+8%+19%7%2.7×6.6%+34.6%
Tuya 2391.HKHong Kong$1.00B-33%+7%5%n/an/an/a
Asiainfo Security Technologies 688225.SSChina$917M-4%-4%-7%1.6×n/an/a
N-able NABLUnited States$914M-1%+10%3%2.3×26.5%+10.9%
Tier IV 593A.TJapan$913Mn/a+66%-164%21.4×n/an/a
RateGain Travel Technologies RATEGAIN.NSIndia$910M+15%+114%15%3.7×32.4%+48.7%
ZoomInfo Technologies GTMUnited States$1.02B-45%+3%23%1.9×-9.7%+21.3%
Suzhou MedicalSystem Technology 603990.SSChina$1.04B+44%-15%5%23.0×n/an/a

Questions

Which companies are Kakao Games's closest peers?
The cockpit's peer set: Shiprocket (SHIPROCKET.NS), Nexwise Intelligence China (301248.SZ), Chengdu Information Technology of Chinese Academy of Sciences (300678.SZ), GuoChuang Software (300520.SZ), Shandong Extreme Vision Technology (6636.HK), Beijing CTJ Information Technology (301153.SZ), Guotai Epoint Software (688232.SS), ODDITY Tech (ODD).
Is Kakao Games expensive compared with its peers?
On ev / sales it trades at 4.0× against a peer median of 3.7×, 10th most expensive of 20 in its peer set.
How has Kakao Games stock performed?
Over six months to 6 Nov 2026 the shares returned +2.7% against -13.8% for the median peer; over one year -22.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.