Ncsoft Corporation (036570.KS) stock analysis

In our weekly check, Ncsoft Corporation is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 6.

About Ncsoft Corporation

Ncsoft Corporation is a Technology company (Electronic Gaming & Multimedia) based in South Korea, listed on KSC as 036570.KS.

What our checks show for 036570.KS

Red flags

• The gross margin fell by 27.4 points, to 72.5%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 15.3 points from today's 29.6%.
• Revenue fell 6.6% a year over the last 3 years.
• The price swings a lot: 58.7% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 87% from a peak. Would you have held through that?
• Thinly traded (about 95 thousand shares a day): buying and selling can move the price.

Warning signs

• Operating cash flow is only 0.6x net profit: part of the reported profit does not arrive as cash.
• Earnings per share fell 13.4% a year over the last 3 years.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 7.2%.

Strengths

• Debt is low: 0.1x equity.
• Operating profit covers interest 220 times over.
• The net margin rose by 12.4 points over 5 years, to 29.6%.
• Analysts expect earnings per share to grow about 25.7% a year over the next years.
• Analysts expect revenue to grow about 20.9% a year over the next years.
• Net profit grew 12.4% a year over the last 3 years.

Next earnings report: 2026-11-12

Similar companies

9766.T · 3659.T · 259960.KS · 9697.T · 7974.T

Questions

What grade does Ncsoft Corporation (036570.KS) have?

In our weekly check, Ncsoft Corporation is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 4, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 036570.KS stock?

This week's biggest flags for Ncsoft Corporation: Gross margin falling, Margins expected to shrink, Weak revenue growth. In total 10 of 25 checks show a warning or a red flag.

What does Ncsoft Corporation do?

Ncsoft Corporation is a Technology company (Electronic Gaming & Multimedia) based in South Korea, listed on KSC as 036570.KS.

When does Ncsoft Corporation report earnings next?

The next earnings report is expected on 2026-11-12. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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