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Korean entertainment company behind BTS and other K-pop acts, running labels, artist management and the Weverse fan platform.
Korean entertainment company behind BTS and other K-pop acts, running labels, artist management and the Weverse fan platform.
Earns from recorded music and publishing rights, concert and tour tickets, merchandise and licensed products, and fan memberships and content on its Weverse platform. Results swing with the release and touring calendar of a few top acts, BTS above all, whose group activity slowed while members completed military service. Founder Bang Si-hyuk is the largest shareholder.
Moat: narrow (brand, network effects). BTS's global fanbase and the Weverse platform create strong network effects among fans.
Headquarters: Seoul, South Korea · Founded: 2005 · Employees: 893
Size HYBE (352820.KS) is a South Korea Communication Services company (Miscellaneous Commercial Services) with a market value of $4.65B, the 82nd largest of 495 South Korea companies the cockpit tracks. Shares closed at ₩146,800 on 6 Nov 2026.
Performance Over six months the shares fell 44.2%, against -17.6% for the median peer and -24.5% for the South Korea market (cap-weighted) — lowest of 10 in its peer set.
Growth Revenue grew 65.1% over the last twelve months (peer median +8.9%); the operating margin is 3.7% (peer median 11.2%).
Valuation It trades at 53.3× forward earnings against a peer median of 10.8× (most expensive of 10).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.7 points below its cost of capital (6.1% WACC).
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₩4.39T | ₩2.65T | ₩2.26T | ₩2.18T | ₩1.78T |
| Revenue growth | — | +17% | +4% | +23% | — |
| Gross profit | n/a | ₩826B | ₩845B | ₩910B | ₩757B |
| EBITDA | n/a | ₩192B | ₩330B | ₩423B | ₩356B |
| Net income | -₩310B | -₩237B | ₩9.38B | ₩187B | ₩52.3B |
| Free cash flow | n/a | ₩76.1B | ₩119B | ₩288B | ₩330B |
| Capital expenditure | n/a | ₩61.1B | ₩67.8B | ₩92.3B | ₩39.0B |
| Total debt | n/a | ₩1.09T | ₩1.09T | ₩1.11T | ₩1.11T |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| HYBE 352820.KS | $4.65B | -44% | +65% | 4% | 53.3× | 19.5% |
| SM ENTERTAINMENT 041510.KS | $1.31B | -19% | +10% | 14% | 15.5× | -9.1% |
| JYP Entertainment 035900.KS | $1.01B | -34% | +15% | 18% | 13.6× | -17.4% |
| YG Entertainment 122870.KS | $578M | -22% | +60% | 11% | 17.2× | -5.7% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 352820.KS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.1% | +0.3% | 2nd lowest of 10 |
| 6-month return | -44.2% | -17.6% | lowest of 10 |
| Distance from 52-week high | -63.8% | -39.3% | lowest of 10 |
| Revenue growth (TTM) | +65.1% | +8.9% | highest of 10 |
| Operating margin | 3.7% | 11.2% | lowest of 10 |
| Forward P/E | 53.3× | 10.8× | most expensive of 10 |
| Growth the price implies (Req g, 7 yrs) | 19.5% | -9.1% | most demanding of 10 |
| Growth delivered (Del g) | +27.2% | +3.4% | highest of 10 |
| Hurdle (Req g minus delivered) | -7.6 pp | -19.1 pp | 3rd most demanding of 10 |
| ROIC minus cost of capital | -2.7 pp | +3.8 pp | lowest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HYBE 352820.KS | South Korea | $4.65B | -44% | +65% | 4% | 53.3× | 19.5% | +27.2% |
| LG Uplus 032640.KS | South Korea | $5.17B | +6% | 0% | 7% | 9.8× | -17.5% | +2.9% |
| Krafton 259960.KS | South Korea | $6.94B | -17% | +55% | 30% | 12.4× | -18.5% | +14.8% |
| NC 036570.KS | South Korea | $2.98B | -23% | +35% | 14% | 9.3× | -4.8% | -9.0% |
| KT 030200.KS | South Korea | $9.46B | -12% | +9% | 7% | 9.0× | -4.1% | +3.4% |
| Kakao 035720.KS | South Korea | $10.5B | -32% | +6% | 11% | 25.6× | -4.8% | +14.3% |
| Netmarble 251270.KS | South Korea | $2.02B | -30% | +10% | 11% | 5.7× | -8.0% | +2.7% |
| SKTelecom 017670.KS | South Korea | $12.1B | -18% | +2% | 10% | 12.3× | -9.8% | +1.2% |
| SM ENTERTAINMENT 041510.KS | South Korea | $1.31B | -19% | +10% | 14% | 15.5× | -9.1% | +15.2% |
| CheilWorldwide 030000.KS | South Korea | $1.26B | -2% | -4% | 7% | 10.8× | -17.6% | +10.6% |