1. South Korea Stocks

  2. •

    Technology services

  3. •

    Packaged software
Wemade Play Co., Ltd.

Wemade Play Co., Ltd.

KKRX:123420
5,820.00
KRW
-50.00
(-0.85%)
2,214.30EPS
3.44P/E
70.83BMarket Cap
Nov 18Next Earn
Wemade Play Co., Ltd.
KRX:123420
(Korea Stock Exchange)

Recent

price

5,820.00

P/E

ratio

3.44

div

yld

0.34%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
KRW
- -
- -
15,164.04
21,300.42
15,501.52
28,349.62
8,262.23
7,765.4
9,186.82
9,059.98
12,017.27
12,379.77
12,982.15
11,709.31
11,575.27
12,043.62
12,041.87
Revenue per Share
-1.87
245.8
4,815.29
6,240.42
5,203.33
7,256.67
1,606
1,465
1,060
318
1,657
1,667
-37
415
2,264
1,812
1,982.37
Basic EPS, GAAP
-187.98
270.02
5,394.78
8,000.35
6,408.61
3,311.91
1,718.91
897.22
956.19
425.91
1,870.37
1,038.07
843.26
227.3
441.46
1,720.51
1,936.45
Free Cash Flow per Basic Share
- -
- -
- -
- -
165.83
- -
- -
- -
- -
- -
- -
- -
24.8
4.71
22.77
39.82
19.75
Dividend per Share
12,824.81
13,070.61
4,867.92
4,554.03
9,203.64
11,180.21
12,738.92
13,610.02
14,639.53
14,987.01
16,655.63
18,577.09
20,480.78
20,966.5
23,552.82
25,564.54
26,102.29
Book Value per Share
12,824.81
13,070.61
4,845.81
4,546.91
9,195
11,153.99
12,711.41
13,564.13
14,598.09
14,951.78
16,619.94
13,220.84
16,497.05
17,420.87
20,294.64
23,332.07
23,893.28
Tangible Book Value per Share
- -
2
2
2
9
3
9
9
9
9
9
9
10
10
10
10
10
Basic Weighted Avg Shares
- -
- -
23,801
47,616
144,095
79,658
77,292
72,654
85,987
84,401
106,204
105,734
134,045
121,679
120,412
125,265
125,248
Sales/Revenue/Turnover
- -
- -
36.59
36.38
42.33
32.02
22.54
17.23
9.95
3.27
12.23
8.03
0.66
-0.4
0.87
8.58
9.88
Operating Margin (%)
- -
- -
35
67
220
256
374
507
637
1,849
2,186
4,180
9,549
10,280
8,186
6,638
5,171
Depreciation Expense
-1
386
7,558
13,950
48,368
20,390
15,024
13,707
9,921
2,962
14,644
14,238
-382
4,313
23,551
18,846
20,619
Net Income, GAAP
129.37
18.04
10.91
14.77
22.28
25.02
18.42
4.32
17.8
50.17
- -
5.67
- -
15.04
30.89
13.84
15
Effective Tax Rate (%)
- -
- -
31.75
29.3
33.57
25.6
19.44
18.87
11.54
3.51
13.79
13.47
-0.29
3.54
19.56
15.05
16.46
Profit Margin (%)
1,541
1,461
10,579
41,503
83,026
97,643
104,451
92,270
83,669
107,995
127,405
108,856
50,500
41,791
-64,350
53,101
58,838
Working Capital
1,392
1,454
- -
- -
- -
- -
- -
- -
- -
2,260
1,659
2,344
128,124
117,640
271
9,285
20,489
LT Debt
20,130
20,516
7,641
42,120
85,267
104,956
120,072
127,343
136,976
136,791
144,552
165,487
222,323
228,173
255,312
277,046
283,151
Total Equity
- -
-0.6
47.05
52.64
64.73
18.23
12.21
9.49
5.26
0.98
- -
4.95
- -
-0.1
0.21
2.88
3.14
Return on Invested Capital (%)
- -
2.01
50.23
55.3
76.06
21.22
12.83
10.73
7.51
2.2
- -
9.1
- -
2.12
7.06
5.5
5.57
Return on Capital (%)
- -
1.9
53.69
56.07
75.94
21.47
13.42
11.12
7.51
2.16
10.42
9.42
-0.21
2
10.17
7.38
7.92
Return on Common Equity (%)

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,699
912
1,290
LT Borrowings
- -
- -
- -
LT Finance Leases
9,475
9,285
20,489
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
96,002
78,840
70,831

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
68,909
66,700
73,153
Cash, Cash Equivalents & STI
57,254
54,579
59,181
Accounts Receivable, Net
9,013
9,671
10,192
Inventories
- -
- -
- -
Total Current Liabilities
14,928
13,599
14,315
Payables & Accruals
- -
- -
- -
ST Debt
1,699
912
1,290
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.54%
14.37%
8.51%
Free Cash Flow
55.56%
52.62%
289.67%
Net Income, GAAP
-64.67%
-181.63%
-19.98%
Sales/Revenue/Turnover
5.35%
4.02%
4.03%
Total Cash Common Dividend
- -
- -
74.84%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30,356
29,220
29,026
31,810
120,412
2025
32,397
29,625
31,083
32,159
125,265
2026
32,380
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-29
-0.14
-77
2,370.66
2,264
2025
371
1,204.42
363.76
-127.43
1,812
2026
541.62
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
19.85
22.77
2025
- -
- -
- -
19.75
39.82
2026
- -
- -
- -
- -
- -
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Business
Wemade Play Co., Ltd. develops and publishes mobile and online video games in South Korea and internationally. The company operates through two primary business segments: Casual Games and Social Casino Games. Its product portfolio comprises casual match-3 and puzzle games, including Anipang, Anipang 2, Anipang 3, Anipang 4, Anipang Match, Anipang Matchlike, Disney Pop Town, We Bare Bears Match3 Repairs, and Shanghai Smash; social simulation and merge games, such as Aqua Story, Idol Farm Life: Juice Tycoon, and Emily's Town: Merge & Mystery; and social casino and card titles, such as Anipang Matgo, Anipang Poker, Slot Mate, and Rock N' Cash. In addition, the company provides in-game digital advertising services, character merchandise licensing, and blockchain-integrated Play-and-Earn (P&E) gaming services utilizing the WEMIX platform. Wemade Play Co., Ltd. distributes its titles across global open markets and mobile operating systems, including Google Play and the Apple App Store, as well as web-based social media platforms such as Facebook. The company operates key subsidiaries, notably PLAYLINKS Co., Ltd., which manages its social casino portfolio and overseas iGaming content export operations. Formerly known as SundayToz Co., Ltd., the company changed its name to Wemade Play Co., Ltd. in March 2022 following its acquisition by Wemade Co., Ltd. Wemade Play Co., Ltd. was founded in 2009 and is headquartered in Seongnam-si, South Korea. In recent developments, the company has broadened its product pipeline through the global release of hybrid casual titles, including the puzzle role-playing game Anipang Matchlike and Dungeon & Stones, while incorporating artificial intelligence tools and 3D digital design technologies into its game development pipelines and Web3 metaverse initiatives. Furthermore, parent entity Wemade Co., Ltd. completed an internal equity transfer to hold a direct 36.96% stake in Wemade Play, streamlining corporate governance and reinforcing the company's strategic push into international casual gaming and B2B iGaming markets.