Naver Corporation (035420) Fair Value & Analysis
Communication Services · KR · Market cap 28.6T KRW (≈ $20.0B) · ISIN KR7035420009
What is Naver Corporation really worth?
A solid business, currently priced close to our fair value of 231,585 KRW.
Strengths
Risks
For context
Fair value as of: Sep 5, 2026
From 26 valuation models · updated today
Share price +2.9% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- The price sits in the lower half of our model range, the side with the larger margin of safety.
- Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range 152,640 KRW – 441,834 KRW · fair‑value band 172,536 KRW – 290,634 KRW · the 213,500 KRW price screens below the 231,585 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Naver Corporation (035420) currently trades at 213,500 KRW, while our model-based Fair Value estimate is 231,585 KRW, implying the stock looks roughly 7.8% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Communication Services sector. Bull case: the DCF Models group reads highest at a median of 359,377 KRW per share, and 18 of the 26 models we run sit above the 213,500 KRW price. Bear case: the Asset-Based group reads lowest at 123,546 KRW, and 8 of the 26 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Naver Corporation generated revenue of 12.5T KRW at a net margin of 14.5%. Revenue grew 16.3% year over year. It earns a return on equity of 5.7%. Net debt stands at 690B KRW. Fundamentals as of Sep 5, 2026
Our scenario range runs from 172,536 KRW (bear case) to 290,634 KRW (bull case); at 213,500 KRW, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 30% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at −38% fair-value upside, at 8%, 035420 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (359,377 KRW) versus Dividend Discount (19,371 KRW). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 31
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
NAVER Corporation, together with its subsidiaries, provides online search portal and information services in South Korea and internationally.
Full company description
NAVER Corporation, together with its subsidiaries, provides online search portal and information services in South Korea and internationally. It is involved in the electronic financial; film and audio content production and distribution; Webtoon service development and operation; language learning application development; monitoring and advertisement operation; mobile service operation; trading platform operation; clothes, accessories, and news distribution; web novel platform support; and e-commerce businesses. In addition, the company engages in the provision of cloud service management, business support, workforce supply, and employee dispatch; camera and communication application development service; groupware service operation and distribution; exhibition and performance planning; new technology development and research; global business support; software consulting, development, and distribution; IT investment and research; online live broadcast service and local marketing; contents production and reinforcement; IT infrastructure operation; commerce platform; and customer center operation businesses. NAVER Corporation was formerly known as NHN Corporation. The company was founded in 1999 and is based in Seongnam-si, South Korea.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Naver Corporation reported revenue of 12.0T KRW in FY2025 versus 6.8T KRW in FY2021, a compound +15.3%/yr. Reported net income was 2.0T KRW in FY2025, compounding −41.3%/yr from FY2021.
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Peer Group
Internet Content & Information · 153 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Internet Content & Information median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Alphabet Inc GOOGL | $340.65 | $145.14 | −57% |
| Meta Platforms, Inc META | $571.10 | $534.91 | −6% |
| Tencent Holdings 0700 | HK$455.20 | HK$449.03 | −1% |
| Spotify Technology S.A SPOT | $547.51 | $211.87 | −61% |
| Reddit, Inc RDDT | $153.29 | $39.59 | −74% |
| Baidu, Inc 89888 | HK$79.10 | HK$28.84 | −64% |
| Kuaishou Technology, an investment holding company, 81024 | HK$34.50 | HK$63.28 | +83% |
| Tencent Music Entertainment Group 1698 | HK$35.14 | HK$66.77 | +90% |
| REA Group REA | A$177.42 | A$88.53 | −50% |
| Pinterest, Inc PINS | $23.19 | $14.38 | −38% |
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