PerpEquities

NAVER Corporation (NAVER) financials

KSC · Communication Services · Internet Content & Information · 5,047 employees · CEO Soo-yeon Choi

Price
₩175,400.00 +1.80%
Market cap
₩25.4T
Enterprise value
₩24.7T
Last report
Q2 '26 filed 2026-06-30
Next report
2026-11-12 EPS est. ₩3,190.05
Revenue (TTM)₩13T+14.7% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)17.3%-1.2 pp vs a year agoOperating income ₩2.24T
Net income (TTM)₩2.02T+1.8% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)₩1.45T-17.2% vs a year agoCapex ₩1.7T
Diluted EPS (TTM)₩13,431.00+3.5% vs a year agoSum of the last 4 quarters
Net cash₩3.36T-3.3% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
₩25.4T
EV ₩24.7T
Revenue
₩13T
Trailing 12 months
Revenue growth
+14%
FY2026 consensus
Profit margin
15.6%
Net income / revenue, TTM
P/E
13.1×
Forward 14.4× (FY2026)
P/S
2.0×
Price / sales, TTM
EV / EBITDA
7.8×
TTM
Free cash flow
₩1.45T
Trailing 12 months
Net income
₩2.02T
Trailing 12 months
Revenue estimate
₩13.8T
FY2026 consensus
Earnings
2026-11-12
Revenue est. ₩3.51T
Dividend
₩2,630.00
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Last report (2026-08-06): revenue in line, EPS missed by 7.3%Revenue ₩3.39T vs ₩3.38T expected (+0.3%); EPS ₩3,461.02 vs ₩3,734.72 (-7.3%).
  • Revenue growth accelerating: 16.3% year on yearQ2 '26 revenue ₩3.39T, against an average of 13.6% over the four quarters before.
  • Operating margin 17.3% (TTM), -1.2 pp on a year agoOperating income grew 7.1% while revenue grew 14.7%.
  • Capex 13.2% of revenue (a year ago 6.5%)₩1.7T invested in the last 4 quarters (+131.6% on a year earlier). Free cash flow ₩1.45T = 71.8% of net income.
  • Returned ₩394B to shareholders = 27.1% of free cash flowBuybacks ₩0 (a year earlier ₩405B), dividends ₩394B, stock-based pay ₩0 (TTM).
  • Diluted share count up 2.3% in a year158M diluted shares in Q2 '26, 155M a year earlier.
  • Net cash ₩3.36TCash + short-term investments ₩8.99T, debt incl. leases ₩5.63T; a year ago net cash ₩3.47T.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q2 '26Year agoChange
Revenue₩3.39T₩2.92T+16.3%
Gross margin34.0%100.0%-66.0 pp
Operating income₩520B₩522B-0.2%
Operating margin15.4%17.9%-2.5 pp
Net income₩699B₩489B+42.9%
Diluted EPS₩4,635.00₩3,227.00+43.6%
Operating cash flow₩687B₩518B+32.6%
Capex₩392B₩156B+151.6%
Free cash flow₩295B₩362B-18.6%
R&D₩0₩537B-100.0%
Stock-based compensation₩0₩0–

Reported vs consensus

2026-08-06
ActualConsensusvs consensus
Revenue₩3.39T₩3.38T+0.3%
EPS (as estimated)₩3,461.02₩3,734.72-7.3%

From the report of 2026-08-06 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
₩3.16T
Capex
-₩1.7T
Buybacks
₩0
Dividends
-₩394B
Acquisitions
-₩116B
Net debt issued
₩572B
Stock-based compensation
₩0
Free cash flow
₩1.45T
Returned to shareholders / FCF
27.1%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)13.1×28.1×15.7× – 36.4×
EV / EBITDA7.8×16.5×10.0× – 27.9×
EV / Sales1.9×4.2×2.8× – 8.4×
Price / FCF17.5×39.2×14.9× – 98.0×
Price / Book0.9×1.5×1.2× – 2.4×
FCF yield5.7%3.9%1.0% – 6.7%
Return on invested capital4.5%3.8%2.7% – 5.0%
Return on equity7.1%18.5%3.3% – 70.1%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026₩13.8T+14.3%₩12,205.01-5.4%14.4×24
FY2027₩15.8T+15.0%₩14,056.81+15.2%12.5×25
FY2028₩18.8T+19.0%₩16,461.15+17.1%10.7×12
FY2029₩31.1T+65.0%₩15,679.00-4.8%11.2×11

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02