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NAVER Corporation

NAVER Corporation

035420.KS
NAVER CorporationKR flagKorea Exchange
199,000.00
KRW
-2,500.00
- -
29.77TMarket Cap
NAVER Corporation
035420.KS
(Korea Exchange)

Recent

price

199,000.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
11,547.1
13,951.14
11,947.84
11,960.17
18,545.75
22,103.67
27,643.36
32,157.27
38,204.69
29,930.6
36,400.65
41,697.3
54,136.59
63,632.11
70,917.15
80,156.78
86,268.52
Revenue per Share
3,219.16
2,959.39
3,627.39
10,045.4
3,055.4
3,523.8
5,149.2
5,312.36
4,436.75
4,006
6,877
100,854
5,007
6,661
12,702
13,009
13,466.66
Basic EPS, GAAP
2,833.13
1,823.02
1,899.96
992.81
3,757.31
4,855.07
6,799.22
3,001.93
2,681.94
5,807.19
3,990.78
3,511.19
4,591.4
8,619.52
13,273.5
11,831.51
8,990.37
Free Cash Flow per Basic Share
- -
- -
156.55
141.96
147.04
156.53
220.8
223.95
290.42
321.97
377.1
365.65
1,405.19
410.57
785.83
1,121.84
- -
Dividend per Share
8,898.3
10,476.87
12,721.32
9,875.83
12,190.06
14,546.69
24,957.11
32,429.48
35,847.37
39,912.79
49,961.12
157,641.01
151,645.79
154,076.53
170,952.96
184,396.3
197,483.67
Book Value per Share
8,065.02
9,554.85
11,905.65
8,976.19
11,370.43
13,839.27
24,178.62
30,117.55
33,747.52
37,565.26
49,248.14
151,397.48
141,768.43
131,199.46
146,396.43
161,525.45
166,318.68
Tangible Book Value per Share
154
152
151
189
149
147
146
145
146
146
146
164
152
152
151
150
150
Basic Weighted Avg Shares
1,772,700
2,121,318
1,798,657
2,259,139
2,758,479
3,253,930
4,022,630
4,678,469
5,586,905
4,356,240
5,304,146
6,817,600
8,220,079
9,670,644
10,737,719
12,035,007
12,962,955
Sales/Revenue/Turnover
35.24
30.11
28.98
22.42
27.49
25.51
27.4
25.2
16.87
26.51
22.91
19.44
15.87
15.4
18.43
18.35
17.31
Operating Margin (%)
88,887
88,261
107,069
131,697
144,085
155,984
162,954
206,256
261,067
498,012
495,278
433,445
560,909
582,339
673,516
745,298
- -
Depreciation Expense
494,202
449,985
546,076
1,897,461
454,457
518,746
749,306
772,880
648,813
583,052
1,002,087
16,489,850
760,261
1,012,322
1,923,237
1,953,215
2,023,538
Net Income, GAAP
22.32
28.48
26.96
28.32
36
27.82
31.88
35.39
43.97
33.82
30.15
30.51
37.88
33.51
16.8
24.85
22.8
Effective Tax Rate (%)
27.88
21.21
30.36
83.99
16.47
15.94
18.63
16.52
11.61
13.38
18.89
241.87
9.25
10.47
17.91
16.23
15.61
Profit Margin (%)
719,925
898,367
1,093,552
503,716
865,075
955,727
2,396,008
2,481,497
2,765,898
1,870,596
2,632,908
1,604,559
958,937
722,508
3,282,751
2,909,586
3,706,337
Working Capital
194,175
147,360
194,541
110,097
242,714
150,000
150,000
49,934
811,624
1,357,598
242,849
3,394,503
2,621,807
3,168,229
3,257,984
2,211,127
3,841,536
LT Debt
1,366,134
1,577,862
1,903,568
1,475,309
1,797,418
2,269,579
4,129,599
5,305,186
5,949,141
6,503,926
8,255,132
24,027,376
23,450,322
24,237,999
27,000,912
28,953,013
31,029,795
Total Equity
32.34
25.3
17.73
16.69
21.98
21.43
18.84
13.98
7.8
9.29
9.13
4.82
2.86
3.47
5.46
5.1
5.04
Return on Invested Capital (%)
35.26
26.91
27.4
93.8
22.59
20.22
19.98
15.18
10.56
9.94
13.26
89.09
3.21
4.01
6.76
6.79
6.33
Return on Capital (%)
42.07
30.57
31.44
112.69
27.82
26.46
26.2
18.5
12.97
10.56
15.21
106.72
3.29
4.41
7.9
7.36
7.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,962,370
2,760,346
1,358,202
LT Borrowings
1,256,362
1,120,189
2,825,163
LT Finance Leases
954,765
994,583
1,016,374
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
150
150
150
Market Capitalization
36,273,096
30,140,325
29,766,376

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,928,463
11,252,024
11,320,878
Cash, Cash Equivalents & STI
8,946,007
8,963,419
8,991,635
Accounts Receivable, Net
491,683
- -
- -
Inventories
20,235
32,366
35,561
Total Current Liabilities
8,018,877
9,364,778
7,614,542
Payables & Accruals
- -
- -
- -
ST Debt
1,962,370
2,760,346
1,358,202
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
36.95%
42.13%
7.23%
Free Cash Flow
20.66%
29.97%
-11.61%
Net Income, GAAP
166.81%
314.97%
1.56%
Sales/Revenue/Turnover
14.89%
17.97%
12.08%
Total Cash Common Dividend
42.6%
65.44%
41.56%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,526,055
2,610,486
2,715,557
2,885,621
10,737,719
2025
2,786,783
2,915,085
3,138,055
3,195,084
12,035,007
2026
3,241,061
3,388,755
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,369
2,224
3,423
- -
12,702
2025
2,781
3,256
4,843
- -
13,009
2026
1,889
4,665
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
785.83
2025
- -
- -
- -
- -
1,121.84
2026
- -
- -
- -
- -
- -
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Business
NAVER Corporation operates as a South Korean internet conglomerate primarily engaged in the development and operation of a comprehensive range of internet services and digital platforms. Its core products and services include its flagship search engine Naver, an online advertisement business, mobile applications, and digital content platforms such as Naver Webtoon, Naver Blog, and Naver Cafe. The company also develops fintech solutions including Naver Pay, provides cloud computing services through NAVER Cloud, and invests in AI and robotics technology via its R&D subsidiary NAVER Labs. NAVER Labs produces advanced technologies in autonomous driving, AI-powered robots, and the omni-tasking Whale browser, alongside AI-driven language translation services with Papago. The company holds significant stakes in the LINE messaging application, which dominates markets in Japan, Taiwan, Thailand, and Indonesia. Founded in 1999 and headquartered in Seongnam, South Korea, NAVER has expanded operations into key markets including Japan, Taiwan, Vietnam, Spain, China, and the United States. Recently, NAVER has announced a strategic investment exceeding 1 trillion South Korean won ($690 million) to enhance its AI infrastructure, specifically by acquiring 60,000 Nvidia Blackwell GPUs to boost next-generation robotics, cloud services, and physical AI applications that integrate generative AI, robotics, and data analytics. This investment marks a decisive shift from AI software development to AI infrastructure development, aiming to generate new revenue streams through a GPU-as-a-Service model catering to both public and private sectors. In addition, NAVER is advancing its 'On-Service AI' strategy to embed AI features across its ecosystem including search, e-commerce, content platforms, and fintech services with new launches such as an AI Shopping Assistant expected in early 2026 and expanded AI personalization in its Naver Plus Store. NAVER maintains a strong focus on technological innovation and digital transformation, driving growth through AI integration, cloud computing, digital advertising, and platform-based services. It serves a diverse customer base ranging from individual consumers to enterprises across multiple geographic regions. Under CEO Choi Soo-yeon, NAVER emphasizes the fusion of digital and physical industry transformation via AI and robotics as core pillars of its future growth strategy, enhancing its competitive positioning globally while continuing to lead the South Korean internet search market with over 70% market share. This combination of diversified digital platform offerings, strategic AI infrastructure investment, and expansion into physical AI domains positions NAVER Corporation as a leading global technology company shaping next-generation internet services, cloud computing, enterprise solutions, and AI-driven innovation.