Neowiz Games — Cyborg Score 7/10

Strong
Entertainment Software / Video Game Development and Publishing

Strategic Profile

Around 2015, Neowiz started developing and publishing for home consoles and Steam, with a focus in the late 2010s and early 2020s on smartphone games through acquisitions of multiple smartphone game developers. The company has strengthened its position through high-profile releases like Lies of P and maintains a strong foothold in Asian gaming markets while expanding internationally.

Cyborg Score Rationale

8 analysts recommend buying the stock, with an overall rating of Strong Buy. The company demonstrates solid fundamentals with positive earnings beats and growing analyst coverage. However, recent quarterly performance shows volatility in profitability.

Top Insights

  • Market capitalization of approximately 527.44 billion KRW with 15.12% growth over the last week
  • Last quarter revenue of 106.84 billion KRW exceeded estimates of 102.07 billion KRW
  • Company has 903 total employees
  • Strong analyst consensus with 8 buy recommendations and no sell ratings; 12-month price target averaging 34,571 KRW

Named Competitors

  • MapleStory, Maplestory M — Major Korean gaming publisher with MMO focus
  • Lineage, Lost Ark — Korean game developer focused on premium MMOs
  • Seven Knights, Exos Heroes — Mobile gaming specialist with extensive IP portfolio

Recent Developments

  • (Apr 2024) Unveiled Adventure, expanding game portfolio
  • (2024-2025) Multiple indie game publishing partnerships including Kill the Shadow and Shape of Dreams
  • (2024) Massive Gaming subsidiary partnership with LT Game for next-generation slot machines

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