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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.
2000
n/a
LTM Revenue $500M
LTM EBITDA $36.1M
$443M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Wemade has a last 12-month revenue (LTM) of $500M and a last 12-month EBITDA of $36.1M.
In the most recent fiscal year, Wemade achieved revenue of $517M and an EBITDA of $139M.
Wemade expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Wemade valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $500M | XXX | $517M | XXX | XXX | XXX |
| Gross Profit | $500M | XXX | $517M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $36.1M | XXX | $139M | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 27% | XXX | XXX | XXX |
| EBIT | $17.8M | XXX | $5.1M | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 1% | XXX | XXX | XXX |
| Net Profit | $71.0M | XXX | $137M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 26% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Wemade's stock price is KRW 26100 (or $19).
Wemade has current market cap of KRW 881B (or $640M), and EV of KRW 610B (or $443M).
See Wemade trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $443M | $640M | XXX | XXX | XXX | XXX | $2.11 |
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Start Free TrialAs of May 30, 2025, Wemade has market cap of $640M and EV of $443M.
Wemade's trades at 0.9x EV/Revenue multiple, and 3.2x EV/EBITDA.
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 9.0x.
See valuation multiples for Wemade and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $640M | XXX | $640M | XXX | XXX | XXX |
| EV (current) | $443M | XXX | $443M | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 12.3x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBIT | 24.9x | XXX | 86.4x | XXX | XXX | XXX |
| EV/Gross Profit | 0.9x | XXX | n/a | XXX | XXX | XXX |
| P/E | 9.0x | XXX | 4.7x | XXX | XXX | XXX |
| EV/FCF | 13.8x | XXX | -7.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialWemade's last 12 month revenue growth is -2%
Wemade's revenue per employee in the last FY averaged n/a, while opex per employee averaged n/a for the same period.
Wemade's rule of 40 is -23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Wemade's rule of X is 3% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Wemade and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -2% | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 81% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -23% | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 3% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 50% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 99% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Azerion Group | XXX | XXX | XXX | XXX | XXX | XXX |
| PlaySide Studios | XXX | XXX | XXX | XXX | XXX | XXX |
| Trophy Games | XXX | XXX | XXX | XXX | XXX | XXX |
| Remedy Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| Boyaa Interactive | 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 acquired XXX companies to date.
Last acquisition by Wemade was XXXXXXXX, XXXXX XXXXX XXXXXX . Wemade acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Wemade founded? | Wemade was founded in 2000. |
| Where is Wemade headquartered? | Wemade is headquartered in South Korea. |
| Is Wemade publicy listed? | Yes, Wemade is a public company listed on KRX. |
| 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? | Similar companies to Wemade include e.g. Azerion Group, PlaySide Studios, Trophy Games, Remedy Entertainment. |
| What is the current market cap of Wemade? | Wemade's current market cap is $640M |
| What is the current revenue of Wemade? | Wemade's last 12 months revenue is $500M. |
| What is the current revenue growth of Wemade? | Wemade revenue growth (NTM/LTM) is -2%. |
| What is the current EV/Revenue multiple of Wemade? | Current revenue multiple of Wemade is 0.9x. |
| 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 $36.1M. |
| 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 12.3x. |
| What is the current FCF of Wemade? | Wemade's last 12 months FCF is $32.1M. |
| What is Wemade's FCF margin? | Wemade's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Wemade? | Current FCF multiple of Wemade is 13.8x. |
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