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Wemade Valuation Multiples
Discover revenue and EBITDA valuation multiples for Wemade and similar public comparables like Coffee Stain Group, GuangZhou Wahlap Tech, Everplay Group, Soft-World and more.
Wemade Overview
About Wemade
Wemade Co Ltd is a Korea-based company develops online and mobile game software. It offers online games such as ICARUS, Legend of Mir2, Legend of Mir3 and Chunryongki and it offers mobile game such as Wind runner, God's martial arts and Wind soul. The amazing library of games not only provides fun and enjoyment for customers in Korea but also all over the world. In addition, the group is also engaged in the publishing activities.
Founded
2000
HQ
Employees
N/A
Website
Financials (LTM)
EV
$347M
Wemade Financials
Wemade reported last 12-month revenue of $441M and EBITDA of $33M.
In the same LTM period, Wemade generated $441M in gross profit, $33M in EBITDA, and $2M in net income.
Revenue (LTM)
Wemade P&L
In the most recent fiscal year, Wemade reported revenue of $423M and EBITDA of $42M.
Wemade expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $441M | XXX | $423M | XXX | XXX | XXX |
| Gross Profit | $441M | XXX | $419M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 99% | XXX | XXX | XXX |
| EBITDA | $33M | XXX | $42M | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 10% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | $2M | XXX | ($13M) | XXX | XXX | XXX |
| Net Margin | 1% | XXX | (3%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Wemade Stock Performance
Wemade has current market cap of $497M, and enterprise value of $347M.
Market Cap Evolution
Wemade's stock price is $14.72.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $347M | $497M | 0.0% | XXX | XXX | XXX | $-0.38 |
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Start Free TrialWemade Valuation Multiples
Wemade trades at 0.8x EV/Revenue multiple, and 10.5x EV/EBITDA.
EV / Revenue (LTM)
Wemade Financial Valuation Multiples
As of April 20, 2026, Wemade has market cap of $497M and EV of $347M.
Equity research analysts estimate Wemade's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Wemade has a P/E ratio of 224.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $497M | XXX | $497M | XXX | XXX | XXX |
| EV (current) | $347M | XXX | $347M | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 10.5x | XXX | 8.2x | XXX | XXX | XXX |
| EV/EBIT | 17.3x | XXX | 45.6x | XXX | XXX | XXX |
| EV/Gross Profit | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| P/E | 224.5x | XXX | (39.2x) | XXX | XXX | XXX |
| EV/FCF | (26.2x) | XXX | 9.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Wemade Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Wemade Margins & Growth Rates
Wemade's revenue in the last 12 month grew by 12%.
Wemade's rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Wemade's rule of X is 50% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Wemade Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Growth | 105% | XXX | 47% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 50% | XXX | XXX | XXX |
| S&M Expenses to Revenue | 10% | XXX | 41% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 97% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Wemade Public Comps
See public comps and valuation multiples for other Gaming - Console & PC and Gaming - Mobile comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Wemade | XXX | XXX | XXX | XXX | XXX | XXX |
| Coffee Stain Group | XXX | XXX | XXX | XXX | XXX | XXX |
| GuangZhou Wahlap Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| Everplay Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Soft-World | XXX | XXX | XXX | XXX | XXX | XXX |
| PlayWay | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Wemade M&A Activity
Wemade acquired XXX companies to date.
Last acquisition by Wemade was on XXXXXXXX, XXXXX. Wemade acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Wemade
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialWemade Investment Activity
Wemade invested in XXX companies to date.
Wemade made its latest investment on XXXXXXXX, XXXXX. Wemade invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Wemade
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Wemade
| When was Wemade founded? | Wemade was founded in 2000. |
| Where is Wemade headquartered? | Wemade is headquartered in South Korea. |
| Is Wemade publicly listed? | Yes, Wemade is a public company listed on Korea Exchange. |
| What is the stock symbol of Wemade? | Wemade trades under 112040 ticker. |
| When did Wemade go public? | Wemade went public in 2009. |
| Who are competitors of Wemade? | Wemade main competitors are Coffee Stain Group, GuangZhou Wahlap Tech, Everplay Group, Soft-World. |
| What is the current market cap of Wemade? | Wemade's current market cap is $497M. |
| What is the current revenue of Wemade? | Wemade's last 12 months revenue is $441M. |
| What is the current revenue growth of Wemade? | Wemade revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Wemade? | Current revenue multiple of Wemade is 0.8x. |
| Is Wemade profitable? | Yes, Wemade is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Wemade? | Wemade's last 12 months EBITDA is $33M. |
| What is Wemade's EBITDA margin? | Wemade's last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of Wemade? | Current EBITDA multiple of Wemade is 10.5x. |
| What is the current FCF of Wemade? | Wemade's last 12 months FCF is ($13M). |
| What is Wemade's FCF margin? | Wemade's last 12 months FCF margin is (3%). |
| What is the current EV/FCF multiple of Wemade? | Current FCF multiple of Wemade is (26.2x). |
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