Krafton Inc
Krafton Inc is a South Korean technology company that develops and operates online games, primarily through its flagship title, PUBG: Battlegrounds, and other titles in the PUBG franchise.
Business. Krafton Inc (259960.KS) is a South Korean technology company operating in the Online Services industry within the Software & IT Services sector. The firm is primarily listed on the Korean exchange under the ticker 259960.KS. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not provided in the available data. Consequently, the company is described at the industry level as an online services provider.
Analyst recommendations
29 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Krafton Inc (259960.KS) is a South Korean technology company operating in the Online Services industry within the Software & IT Services sector. The firm is primarily listed on the Korean exchange under the ticker 259960.KS. Specific details regarding its operating segments, headquarters location, and geographic revenue mix are not provided in the available data. Consequently, the company is described at the industry level as an online services provider.
Krafton Inc maintains a strong liquidity position, with a current ratio of 6.47 and cash and equivalents amounting to 717.23 billion KRW, which significantly exceeds its short-term obligations. The company's debt-to-equity ratio is 0.03, indicating a conservative capital structure with minimal reliance on debt financing.
Profitability metrics show that Krafton is performing well relative to industry norms. The company's return on equity (ROE) is 5.61%, and its return on assets (ROA) is 4.78%, both of which are strong indicators of efficient capital utilization and profitability.
Geographically, Krafton's revenue is concentrated in its domestic market, South Korea, and international markets, particularly in North America and Asia. The company's exposure to these regions is a key factor in its revenue stability and growth potential.
Looking ahead, Krafton is projected to maintain a positive growth trajectory. The company's operating income and net income have shown consistent growth, and the outlook for the current fiscal year indicates continued expansion. Analysts have provided a mean price target of 382,000 KRW, with a median of 390,000 KRW, reflecting positive sentiment.
Risk factors for Krafton include potential regulatory changes in the gaming industry and the competitive landscape in the online gaming sector. However, the company's strong liquidity and low dilution risk mitigate some of these concerns. No immediate filing-based liquidity or dilution flags were detected, suggesting a stable financial position.
Recent events, including the continued success of the PUBG franchise and the development of new titles, have contributed to Krafton's strong financial performance. The company's focus on innovation and expansion into new markets is expected to drive future growth.
- Krafton Inc has a strong liquidity position with a current ratio of 6.47 and significant cash reserves.
- The company's profitability metrics, including ROE of 5.61% and ROA of 4.78%, indicate efficient capital utilization.
- Revenue is concentrated in key markets such as South Korea, North America, and Asia.
- Analysts project continued growth with a mean price target of 382,000 KRW.
- The company faces regulatory and competitive risks but has low dilution and liquidity risks.
Bull / Bear case
Generated · model-assistedAnalysts project 76% upside to a mean price target of 382,000 KRW, reflecting strong consensus buy recommendations.
Revenue grew at a 15.3% CAGR over four years, demonstrating consistent top-line expansion despite recent volatility.
Cash conversion of 1.19 exceeds the cohort median of 1.06, highlighting superior efficiency in generating cash from earnings.
Long-term debt surged to 571.7 billion KRW in FY2026, nearly tripling from 203.8 billion KRW in FY2024.
In focus — financials by report
Revenue KRW 1.37T, +56,9% YoY; Operating income +22,8% YoY.
- ▍Revenue KRW 1.37T, +56,9% YoY
- ▍Operating income +22,8% YoY
- ▍Net income +38,4% YoY
- ▍Free cash flow +33,4% YoY
- ▍Net margin 37.5%
Revenue KRW 919.70B, +48,9% YoY; Operating income −98,9% YoY.
- ▍Revenue KRW 919.70B, +48,9% YoY
- ▍Operating income −98,9% YoY
- ▍Net income −104,1% YoY
- ▍Free cash flow −100,4% YoY
- ▍Net margin -2.2%
Revenue KRW 870.62B, +21,0% YoY; Operating income +7,5% YoY.
- ▍Revenue KRW 870.62B, +21,0% YoY
- ▍Operating income +7,5% YoY
- ▍Net income +201,0% YoY
- ▍Free cash flow +170,0% YoY
- ▍Net margin 42.2%
Revenue KRW 662.05B, −6,4% YoY; Operating income −25,9% YoY.
- ▍Revenue KRW 662.05B, −6,4% YoY
- ▍Operating income −25,9% YoY
- ▍Net income −95,6% YoY
- ▍Free cash flow −99,4% YoY
- ▍Net margin 2.3%
Revenue KRW 874.18B; Operating income KRW 457.28B.
- ▍Revenue KRW 874.18B
- ▍Operating income KRW 457.28B
- ▍Net margin 42.6%
Revenue KRW 617.57B; Operating income KRW 215.46B.
- ▍Revenue KRW 617.57B
- ▍Operating income KRW 215.46B
- ▍Net margin 79.7%
Revenue KRW 719.27B; Operating income KRW 324.42B.
- ▍Revenue KRW 719.27B
- ▍Operating income KRW 324.42B
- ▍Net margin 17.0%
Revenue KRW 707.02B; Operating income KRW 332.11B.
- ▍Revenue KRW 707.02B
- ▍Operating income KRW 332.11B
- ▍Net margin 48.4%
Revenue KRW 3.33T, +22,8% YoY; Operating income −17,0% YoY.
- ▍Revenue KRW 3.33T, +22,8% YoY
- ▍Operating income −17,0% YoY
- ▍Net income −43,7% YoY
- ▍Free cash flow −43,8% YoY
- ▍Net margin 22.1%
Revenue KRW 2.71T, +41,8% YoY; Operating income +121,6% YoY.
- ▍Revenue KRW 2.71T, +41,8% YoY
- ▍Operating income +121,6% YoY
- ▍Net income +119,4% YoY
- ▍Free cash flow +107,4% YoY
- ▍Net margin 48.2%
Revenue KRW 1.91T, +3,0% YoY; Operating income −13,7% YoY.
- ▍Revenue KRW 1.91T, +3,0% YoY
- ▍Operating income −13,7% YoY
- ▍Net income +19,0% YoY
- ▍Free cash flow +12,2% YoY
- ▍Net margin 31.2%
Revenue KRW 1.85T, −1,7% YoY; Operating income −3,5% YoY.
- ▍Revenue KRW 1.85T, −1,7% YoY
- ▍Operating income −3,5% YoY
- ▍Net income −3,8% YoY
- ▍Free cash flow +11,5% YoY
- ▍Net margin 27.0%
Valuation TTM
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Peer comparison
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Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 24 244,84 |
| Revenue | —no estimate | —no estimate | 4,65T KRW |
| Operating income | —no estimate | —no estimate | 1,39T KRW |
Options
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consensus EPS · 26-week trendSell-side observations
Themes
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Krafton Inc Market data — financials · 2026-05-26
- Krafton Inc Market data — analyst estimates · 2026-05-26
- Krafton Inc Market data — ESG · 2026-05-26