WBTN Stock Analysis: WEBTOON Entertainment | NASDAQ
Internet Content & Information | NASDAQ, USA | Market Cap: 1.181m USD | 12M Return: -43.4% | US94845U1051 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.23M
Qual. Beats: 0
Rev. Trend: 89.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 2.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
WEBTOON Entertainment Inc. operates a global storytelling platform based in Los Angeles, California, with operations in the United States, Korea, Japan, and other international markets. Founded in 2005, the company is a subsidiary of South Korea-based NAVER Corporation and trades on NASDAQ under the ticker WBTN.
The platform enables a community of creators and users to discover, create, and share content through two primary formats: web-comics, a digital graphical comic medium, and web-novel platforms optimized for serialized text-based reading. Content is distributed via web and mobile applications, making the service accessible across multiple devices.
Monetization is driven by a diversified business model that includes paid content, advertising, and IP adaptations, the last of which involves licensing popular web-comics and web-novels for use in film, television, and other media. This adaptation pipeline has become a notable feature of the broader digital comics sector, where viral web-native properties are increasingly repurposed for screen and consumer products.
Classified within the Communication Services sector under the Interactive Media & Services sub-industry, WEBTOON sits at the intersection of user-generated content platforms and digital publishing, competing in a market that includes other online storytelling and social media-driven content ecosystems.
- Korean webtoon platform user engagement drives ad revenue growth
- Paid content and IP adaptations expand monetization streams
- Competition from Japanese manga platforms pressures market share
- NAVER parent ownership ties create capital allocation uncertainty
- Mobile-first reading habits boost international expansion in untapped regions
| Net Income: -343.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA 1.12 > 1.0 |
| NWC/Revenue: 38.40% < 20% (prev 37.98%; Δ 0.42% < -1%) |
| CFO/TA 0.00 > 3% & CFO 6.07m > Net Income -343.9m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.63 > 1.5 & < 3 |
| Outstanding Shares: last quarter (135.3m) vs 12m ago 4.05% < -2% |
| Gross Margin: 24.45% > 18% (prev 24.19%; Δ 0.26% > 0.5%) |
| Asset Turnover: 76.00% > 50% (prev 68.40%; Δ 7.60% > 0%) |
| Interest Coverage Ratio: -4.03k > 6 (EBIT TTM -379.0m / Interest Expense TTM 94.0k) |
| A: 0.33 (Total Current Assets 846.9m - Total Current Liabilities 321.6m) / Total Assets 1.59b |
| B: -0.55 (Retained Earnings -877.8m / Total Assets 1.59b) |
| C: -0.21 (EBIT TTM -379.0m / Avg Total Assets 1.80b) |
| D: 3.16 (Book Value of Equity 1.16b / Total Liabilities 368.6m) |
| Altman-Z'' = 2.27 = BBB |
| DSRI: 1.03 (Receivables 191.3m/186.8m, Revenue 1.37b/1.37b) |
| GMI: 0.99 (GM 24.19% / 24.45%) |
| AQI: 0.80 (AQ_t 0.45 / AQ_t-1 0.56) |
| SGI: 1.00 (Revenue 1.37b / 1.37b) |
| TATA: -0.22 (NI -343.9m - CFO 6.07m) / TA 1.59b) |
| Beneish M = -3.16 (Cap -4..+1) = AA |
As of November 05, 2026, the stock is trading at USD 9.70 with a total of 347,774 shares traded. Over the past week, the price has changed by +1.89%, over one month by -7.27%, over three months by +2.11% and over the past year by -43.44%.
Current recommended Stop Loss: 9.00 (which is 7.2% or 1.3 ATR below the current price).
WEBTOON Entertainment has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold WBTN.
- StrongBuy: 2
- Buy: 0
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 11.3 | 16.4% |
P/S = 0.863
P/B = 1.0352
Revenue TTM = 1.37b USD
EBIT TTM = -379.0m USD
EBITDA TTM = -345.0m USD
Long Term Debt = 14.5m USD (estimated: total debt 22.6m - short term 8.11m)
Short Term Debt = 8.11m USD (from shortTermDebt, last quarter)
Debt = 22.6m USD (from shortLongTermDebtTotal, last quarter) (leases 22.6m already included)
Net Debt = -560.5m USD (calculated: Debt 22.6m - CCE 583.1m)
Enterprise Value = 620.2m USD (1.18b + Debt 22.6m - CCE 583.1m)
Interest Coverage Ratio = -4.03k (Ebit TTM -379.0m / Interest Expense TTM 94.0k)
EV/FCF = -154.5x (Enterprise Value 620.2m / FCF TTM -4.01m)
FCF Yield = -0.65% (FCF TTM -4.01m / Enterprise Value 620.2m)
FCF Margin = -0.29% (FCF TTM -4.01m / Revenue TTM 1.37b)
Net Margin = -25.14% (Net Income TTM -343.9m / Revenue TTM 1.37b)
Gross Margin = 24.45% ((Revenue TTM 1.37b - Cost of Revenue TTM 1.03b) / Revenue TTM)
Gross Margin QoQ = 26.04% (prev 25.88%)
Tobins Q-Ratio = 0.39 (Enterprise Value 620.2m / Total Assets 1.59b)
Interest Expense / Debt = 0.42% (Interest Expense 94.0k / Debt 22.6m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -299.4m (EBIT -379.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.63 (Total Current Assets 846.9m / Total Current Liabilities 321.6m)
Debt / Equity = 0.02 (Debt 22.6m / totalStockholderEquity, last quarter 1.16b)
Debt / EBITDA = 1.62 (negative EBITDA) (Net Debt -560.5m / EBITDA -345.0m)
Debt / FCF = 139.6 (negative FCF - burning cash) (Net Debt -560.5m / FCF TTM -4.01m)
Total Stockholder Equity = 1.25b (last 4 quarters mean from totalStockholderEquity)
RoA = -19.11% (Net Income -343.9m / Total Assets 1.59b)
RoE = -27.51% (Net Income TTM -343.9m / Total Stockholder Equity 1.25b)
RoCE = -29.97% (EBIT -379.0m / Capital Employed (Equity 1.25b + L.T.Debt 14.5m))
RoIC = -24.77% (negative operating profit) (NOPAT -299.4m / Invested Capital 1.21b)
WACC = 11.92% (E(1.18b)/V(1.20b) * Re(12.14%) + D(22.6m)/V(1.20b) * Rd(0.42%) * (1-Tc(0.21)))
Discount Rate = 12.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 87.56 | Cagr: 2.81%
[DCF] Fair Price = unknown (Cash Flow -4.01m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.01 | # QB: 0
Revenue Correlation: 89.22 | Revenue CAGR: 4.00% | SUE: -0.14 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.01 | Chg30d=N/A | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.07 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=-50.0% | GrowthRev=+0.8%
EPS next Year (2027-12-31): EPS=0.24 | Chg30d=-2.48% | Revisions=-25% | GrowthEPS=+225.1% | GrowthRev=+11.8%
[Analyst] Revisions Ratio: -50% (up=0, down=3)