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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 $493M
LTM EBITDA $35.7M
$582M
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 of $493M and a last 12-month EBITDA of $35.7M.
In the most recent fiscal year, Wemade achieved revenue of $485M and an EBITDA of $131M.
Wemade expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Wemade valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $412M | $485M | XXX | XXX | XXX |
| Gross Profit | $316M | $412M | XXX | XXX | XXX |
| Gross Margin | 77% | 85% | XXX | XXX | XXX |
| EBITDA | -$86.8M | $131M | XXX | XXX | XXX |
| EBITDA Margin | -21% | 27% | XXX | XXX | XXX |
| Net Profit | -$126M | -$137M | XXX | XXX | XXX |
| Net Margin | -31% | -28% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Wemade's stock price is KRW 29800 (or $20).
Wemade has current market cap of KRW 1.01T (or $685M), and EV of KRW 854B (or $582M).
See Wemade trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $582M | $685M | XXX | XXX | XXX | XXX | $1.82 |
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Sign UpAs of April 15, 2025, Wemade has market cap of $685M and EV of $582M.
Wemade's trades at 1.2x LTM EV/Revenue multiple, and 16.3x LTM EBITDA.
Analysts estimate Wemade's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Wemade and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $582M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 4.5x | XXX | XXX | XXX |
| P/E | 5.3x | XXX | XXX | XXX |
| P/E/Growth | -0.2x | XXX | XXX | XXX |
| EV/FCF | -9.8x | 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.
Sign UpWemade's NTM/LTM revenue growth is 7%
Wemade's revenue per employee for the last fiscal year averaged n/a, while opex per employee averaged n/a for the same period.
Over next 12 months, Wemade's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Wemade's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Wemade and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -251% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 34% | XXX | XXX | XXX | XXX |
| Revenue per Employee | n/a | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 50% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 99% | XXX | 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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Sign Up| When was Wemade founded? | Wemade was founded in 2000. |
| Where is Wemade headquartered? | Wemade is headquartered in South Korea. |
| Who is the CEO of Wemade? | Wemade's CEO is Mr. Hyeon-Guk Jang. |
| 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 $685M |
| What is the current revenue of Wemade? | Wemade's last 12-month revenue is $493M. |
| What is the current EBITDA of Wemade? | Wemade's last 12-month EBITDA is $35.7M. |
| What is the current EV/Revenue multiple of Wemade? | Current revenue multiple of Wemade is 1.2x. |
| What is the current EV/EBITDA multiple of Wemade? | Current EBITDA multiple of Wemade is 16.3x. |
| What is the current revenue growth of Wemade? | Wemade revenue growth between 2023 and 2024 was 18%. |
| Is Wemade profitable? | Yes, Wemade is EBITDA-positive (as of the last 12 months). |
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