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Kakao Corp (035720) Fair Value & Analysis

Communication Services · KR · Market cap 15.8T KRW

KC Kakao Corp 035720 · KO
Price40,000 KRW
Fair Value24,536 KRW
Upside-38.7%
Quality54/100
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Mixed Growth
Thin margins · 5.9% net margin
Low debt · generates free cash flow
0.21% dividend yield
Mixed vs. peers (6/11)
Narrow moat 38/100
Evidence: Medium Range 18,829 KRW – 30,671 KRW Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Share price +14.6% over the past month.

A solid business, but screening 39% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (30,671 KRW). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

548,426 KRW 32,705 KRW Fair Value 24,536 KRW Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 32,705 KRW – 548,426 KRW · fair‑value band 18,829 KRW – 30,671 KRW · the 40,000 KRW price screens above the 24,536 KRW fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Kakao Corp (035720) currently trades at 40,000 KRW, while our model-based Fair Value estimate is 24,536 KRW, implying the stock looks roughly 38.7% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Kakao Corp generated revenue of 8.3T KRW at a net margin of 5.9%. Revenue grew 11.1% year over year. It earns a return on equity of 3.9%. Fundamentals as of Aug 13, 2026

Our scenario range runs from 18,829 KRW (bear case) to 30,671 KRW (bull case); at 40,000 KRW, the current price sits above 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 44% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -8% fair-value upside, at -39%, 035720 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 41,041 KRW 70,622 KRW 130,100 KRW 80
Residual Income 19,482 KRW 19,434 KRW 18,121 KRW 76
Rev-Margin DCF 32,056 KRW 49,987 KRW 76,865 KRW 74
All 26 models by family
DCF Models
FCF DCF 42,431 KRW 63,860 KRW 127,998 KRW 38
Owner Earnings 39,301 KRW 75,680 KRW 155,465 KRW 31
5Y Revenue Exit 32,056 KRW 47,455 KRW 77,356 KRW 39
5Y EBITDA Exit 43,596 KRW 72,319 KRW 125,121 KRW 41
5Y P/E Exit 33,631 KRW 54,646 KRW 81,459 KRW 38
10Y Revenue Exit 34,336 KRW 55,191 KRW 78,258 KRW 36
10Y EBITDA Exit 43,326 KRW 77,777 KRW 141,361 KRW 37
10Y P/E Exit 36,127 KRW 58,273 KRW 95,706 KRW 35
Earnings-Based
Graham-Dodd 7,584 KRW 52,890 KRW 74,223 KRW 54
Lynch FV 16,004 KRW 22,864 KRW 29,723 KRW 50
PEG = 1.0 16,004 KRW 22,864 KRW 29,723 KRW 46
EPV 20,539 KRW 22,008 KRW 23,314 KRW 59
Dividend Discount
Gordon GGM 850.11 KRW 1,856 KRW 3,123 KRW 70
DDM Multi-Stage 850.11 KRW 1,520 KRW 1,934 KRW 61
Multiples
P/E Multiple 18,402 KRW 24,536 KRW 30,671 KRW 63
P/S Multiple 14,220 KRW 18,960 KRW 23,700 KRW 58
P/B Multiple 14,220 KRW 18,960 KRW 23,700 KRW 55
EV/EBIT 32,193 KRW 38,852 KRW 45,511 KRW 53
EV/EBITDA 44,358 KRW 55,072 KRW 65,786 KRW 54
EV/Revenue 27,365 KRW 33,858 KRW 40,350 KRW 43
Asset-Based
NCAV (Graham) 12,794 KRW 17,144 KRW 25,588 KRW 50
Growth DCF
Growth DCF 41,041 KRW 70,622 KRW 130,100 KRW 80
Rev-Margin DCF 32,056 KRW 49,987 KRW 76,865 KRW 74
Economic Profit
Residual Income 19,482 KRW 19,434 KRW 18,121 KRW 76
ROIC Compounder 20,539 KRW 22,008 KRW 23,314 KRW 72
Growth Earnings
Growth-Adj P/E 22,170 KRW 31,672 KRW 41,174 KRW 68

Widest divergence: DCF Models (58,273 KRW) versus Dividend Discount (1,520 KRW). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 8.3T KRW
Revenue growth (YoY) +11.1%
Net margin 5.9%
Return on equity 3.9%
Free cash flow 790B KRW FY2025
Operating margin 10.9%
More key figures
Dividend yield 0.2%
EPS growth (YoY) -0.3%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 19

Profitability 30
Margins and returns on capital today
Quality Growth 38
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

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.

About the company

Kakao Corp. operates mobile and online platforms in South Korea. The company offers Kakao Pay, a financial service solution; Kakao Bank, a banking solution; Kakao Mobility for mobility services; Kakao Style, a lifestyle solution; Kakao Entertainment, a solution for entertainment industry; Kakao Games, a solution for the gaming industry; Kakao piccoma, a …

Full company description

Kakao Corp. operates mobile and online platforms in South Korea. The company offers Kakao Pay, a financial service solution; Kakao Bank, a banking solution; Kakao Mobility for mobility services; Kakao Style, a lifestyle solution; Kakao Entertainment, a solution for entertainment industry; Kakao Games, a solution for the gaming industry; Kakao piccoma, a content service platform; Kakao Brain, an artificial intelligence solution; Kakao Enterprise, a cloud service solution; and Kakao Healthcare, a mobile-based personal healthcare solution. It also provides Linkagelab, a workplace for individuals with disabilities; investment services in start-ups under the Kakao Investment name; and various solutions under the KakaoTalk, Kakao Business Service, Daum, Kakao Ventures, and Kakao Map names. The company was formerly known as Daum Kakao Corp. and changed its name to Kakao Corp. in October 2015. Kakao Corp. was founded in 1995 and is headquartered in Jeju-si, South Korea.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kakao Corp reported revenue of 8.1T KRW in FY2025 versus 6.1T KRW in FY2021, a compound +7.2%/yr. Reported net income was 491B KRW in FY2025, compounding −22.9%/yr from FY2021.

Growth Quality 82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
8.1T KRW
Latest YoY
+3.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.3%
Avg. growth/yr (24Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.6%
Revenue +7.2%/yr
FY21 6.1T KRW
FY22 6.8T KRW
FY23 7.6T KRW
FY24 7.9T KRW
FY25 8.1T KRW
Net income −22.9%/yr
FY21 1.4T KRW
FY22 1.4T KRW
FY23 −1.0T KRW
FY24 55.3B KRW
FY25 491B KRW

035720 screens 39% overvalued. Compare with Alphabet Inc →

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Cite: Fair Value Calculator (2026). "Kakao Corp Fair Value". https://www.fairvalue-calculator.com/stock/035720

Peer Group

Internet Content & Information · 154 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.

Quality Score 54 · Below median
Fair Value upside −39% · Below median
Return on equity (TTM) 4% · Above median
Return on assets 2% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 11% · Above median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/FCF 0.0× · Cheaper than 75% of peers
PEG 1.20× · Pricier than median

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.

VALUE 0 · sector 0
FUTURE 56 · sector 31
PAST 15 · sector 10
HEALTH 96 · sector 99
DIVIDEND 4 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $343.54 $145.14 -58%
Meta Platforms, Inc META $578.85 $534.91 -8%
Tencent Holdings 0700 HK$461.60 HK$448.17 -3%
Spotify Technology S.A SPOT $489.60 $210.99 -57%
Reddit, Inc RDDT $153.45 $39.59 -74%
Baidu, Inc BIDU $104.84 $66.96 -36%
Kuaishou Technology, an investment holding company, 1024 HK$41.54 HK$84.61 +104%
NAVER Corporation 035420 215,500 KRW 231,585 KRW +7%
Tencent Music Entertainment Group 1698 HK$33.72 HK$66.60 +98%
Info Edge (India) Limited NAUKRI ₹1,357 ₹329.27 -76%

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Frequently asked questions

Is Kakao Corp (035720) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 24,536 KRW versus a price of 40,000 KRW, about −39% (overvalued).
What is the fair value of 035720?
Our model-based fair value for Kakao Corp is 24,536 KRW (as of Aug 13, 2026), built from audited fundamentals. The current price is 40,000 KRW.
What is the quality score of 035720?
Kakao Corp has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kakao Corp (035720)?
Kakao Corp reported trailing-twelve-month revenue of about 8.3T KRW (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 035720?
The net profit margin of Kakao Corp is about 5.9%, meaning it keeps roughly 5.9% of revenue as net income. Based on the latest reported figures.
Does Kakao Corp pay a dividend?
Kakao Corp currently shows a dividend yield of about 0.19% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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