Added to YB: 2024-04-29
Pitch date: 2024-03-31
NHNCF [bullish]
NAVER Corporation
+30.69%
current return
Author Info
No bio for this author
Company Info
NAVER Corporation, together with its subsidiaries, provides internet and online search portal, and mobile messenger platform services in South Korea, Japan, and internationally.
Market Cap
KRW 26.3T
Pitch Price
KRW 187.1K
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.93
P/E
17.77
EV/Sales
2.63
Sector
Interactive Media and Services
Category
growth
Longleaf Partners International Fund Portfolio Holding: NAVER Corporation
NHNCF: Naver, Korea's top search & e-commerce platform, faces rising competition from Alibaba & Pinduoduo but they have <3% share. Naver's GMV growth slowed on monetization focus & long-tail exposure, but revenue growth outpaces GMV as take rates rise. Marketplace model with no inventory risk benefits from new entrants via higher digital ad spend. Well-positioned in search & e-commerce with margin upside as mgmt shifts to profitable growth.
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