Added to YB: 2026-08-10
Pitch date: 2026-08-06
3659.T [neutral]
NEXON Co., Ltd.
Author Info
No bio for this author
Company Info
NEXON Co., Ltd. engages in the production, development, and distribution of video games and mobile games in Japan and internationally.
Market Cap
JPY 1.9T
Pitch Price
N/A
Price Target
N/A
Dividend
2.52%
EV/EBITDA
6.77
P/E
15.50
EV/Sales
2.05
Sector
Entertainment
Category
special_situation
Nexon: 11% FCF Yield, Zero Debt, and a Potential Tencent Takeover
3659.T (overview): Korea's largest game maker at ~11% FCF yield on EV, 17x NTM P/E, zero debt, cash ~170% of rev. Fell 50% on DNF Mobile weakness/missed 2027 targets. Bull case: DNF 2.0 relaunch Aug'26, under-recognized Embark/ARC Raiders Western growth, rising dividends (JPY60 '26)+buybacks, potential Tencent/PIF-EA takeover. Founding family may sell.
Read full article (5 min)