Stock Deep Dive · 2026-07-27
Naver (035420) closed at ₩225,000, up 8.43% on the day. Year-to-date return is -6.2%, sitting at 36% of its 52-week range. Next earnings: 2026-08-07 (in 11 days). Listed in Seoul — for USD-based investors, KRW moves add an FX layer on top of the stock’s local return.
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Close
₩225,000
+8.43% · YTD -6.2%
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Market Cap
₩33.66T
Internet Content & Information
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Forward P/E
15.0x
PER 18.6x
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52-wk Range
36%
High ₩304,000 · Low ₩181,100
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🔍 At a Glance
Naver just posted an +8.43% single-day pop, fueled by headline-grabbing news of a reported $1 billion Nvidia investment and tie-up talks with crypto exchange Dunamu — a jolt that lifted the stock to +12.7% over the past month even as it remains -6.2% YTD and -12.4% over six months. Bulls point to 16.3% quarterly revenue growth, a fat 37.1% operating margin, and a forward PER of 15.0x versus trailing 18.6x, alongside a consensus “buy” from 27 analysts with an average target of ~301,963 (about 34% above current price). Bears will note ROE of just 5.7%, a PEG north of 25, and a stock still sitting only 36% up its 52-week range and -3.2% below its 200-day average — suggesting today’s surge may be event-driven rather than fundamentals-driven.
🏢 How It Makes Money
Naver runs Korea’s dominant search portal alongside a diversified digital empire spanning e-commerce, fintech, Webtoon content, cloud infrastructure, and enterprise software/consulting. The Nvidia-linked AI infrastructure push — including a domestic AI factory reportedly scaling from 55MW to 200MW capacity by 2028 — signals a strategic pivot toward AI compute and cloud services layered atop its core advertising and commerce businesses.
📈 Quarterly Results — Is Business Growing?
| Quarter | Revenue | Op. Income | Net Income | Op. Margin |
|---|---|---|---|---|
| 25Q1 | ₩2.79T | ₩505.3B | ₩424.8B | 18.1% |
| 25Q2 | ₩2.92T | ₩2.92T | ₩488.8B | 100.0% |
| 25Q3 | ₩3.14T | ₩570.6B | ₩726.4B | 18.2% |
| 25Q4 | ₩3.20T | ₩610.6B | ₩313.2B | 19.1% |
| 26Q1 | ₩3.24T | ₩541.8B | ₩285.3B | 16.7% |
Latest-quarter revenue up +16.3% versus the same quarter a year ago.
💡 Korea Market 101
⚖️ Valuation — Cheap or Expensive?
| Metric | Value | How to read it |
|---|---|---|
| P/E (trailing) | 18.6x | Price vs last 12 months’ earnings |
| P/E (forward) | 15.0x | Price vs next 12 months’ expected earnings — growth hopes baked in |
| P/S | 2.7x | Price vs revenue — for high-growth names with thin profits |
| P/B | 1.2x | Price vs book value — below 1x means priced under liquidation value |
| PEG | 25.3x | P/E ÷ growth — near 1 is fair for the growth; above 2 is demanding |
| EV/EBITDA | 9.7x | Enterprise value (incl. debt) vs cash generation |
Peer comparison
| Name | Mkt Cap | P/E | Fwd P/E | P/S |
|---|---|---|---|---|
| NAVER | ₩33.66T | — | 15.0x | 2.7x |
| Kakao | ₩16.33T | — | 21.1x | 2.0x |
| Alphabet Inc. | $3,910.40B | 16.1x | 21.6x | 8.8x |
💡 Korea Market 101
🎯 Street Consensus
- Price target (mean): ₩301,963
- Target high / low: ₩400,000 / ₩210,000
- Implied upside: +34.2%
- Rating: Buy (1.7/5)
- Analysts covering: 27
- Next earnings: 2026-08-07
💡 Korea Market 101
📉 Price Action — Technical Check
| Indicator | Value | How to read it |
|---|---|---|
| RSI (14d) | 63.7 | Above 70 overbought · below 30 oversold |
| vs 60-day MA | +5.3% | Above/below the medium-term trend |
| vs 200-day MA | -3.2% | Above/below the long-term trend |
| Golden/death cross | 50-day below 200-day (bearish alignment) | 50-day MA crossing above (golden) or below (death) the 200-day |
| Volume (vs 20d avg) | 2.6x | 2x+ means a spike in market attention |
💡 Korea Market 101
📰 Recent News
- NVDA Stock Rises Overnight: Chip Giant’s Deals With South Korea’s SK Hynix, Naver Revive ‘Breakout’ View — Stocktwits
- Why is Naver stock surging today? By Investing.com — Investing.com Canada
- Naver Shares Soar Over 10% After $1 Billion Investment From Nvidia — TradingKey
- Korea’s planned AI factory would scale from 55MW to 200MW by 2028 — Stock Titan
- Japan and South Korea Stocks Recover, KOSPI Rises Nearly 2% at Open, Naver Surges Nearly 8% on Nvidia Investment, SK Hynix and Samsung Gain — TradingKey
- Naver Stock Up 11% On Tie-Up Talks With Korean Crypto Exchange Giant Dunamu — Forbes
💡 Korea Market 101
🔭 Scenarios & What to Watch
Watch whether the Nvidia partnership and AI factory buildout translate into concrete revenue disclosures at the next earnings release (2026-08-07). RSI at 63.7 suggests momentum without yet being overbought, but confirmation of sustained margin expansion (from today’s 37.1%) and improving ROE would strengthen the bull case; failure to convert AI hype into earnings may weigh on the stock’s ability to hold above its 200-day average. USD-based investors should also monitor KRW/USD moves given Naver’s KOSPI listing and FX translation exposure.
Next earnings on 2026-08-07 (in 11 days) — guidance usually decides the stock’s direction more than the reported quarter.
💡 Korea Market 101
📚 All stock analysis · More on Naver · Market report for this session
Stock report · published 2026-07-27 16:00 KST
For information only — a summary of public data, not a recommendation to buy or sell any security. Source data (Yahoo Finance and others) may be delayed or contain errors. All investment decisions are your own responsibility.
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