WBTN Stock Analysis: WEBTOON Entertainment | NASDAQ
Internet Content & Information | NASDAQ, USA | Market Cap: 1.384m USD | 12M Return: -32.2% | US94845U1051 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.78M
Qual. Beats: 0
Rev. Trend: 89.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 2.1 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. (NASDAQ: WBTN) operates a global storytelling platform with operations in the United States, Korea, Japan, and other international markets. The company runs a creator-driven platform where users can discover, create, and share digital content, primarily through two formats: web-comics (graphical, comic-like storytelling) and web-novels (serialized text-based content). Content is distributed via web and mobile applications, and the business generates revenue from paid content, advertising, and intellectual property adaptations such as film, television, and merchandise tie-ins.
The company operates within the digital entertainment and creator economy, a sector where platform-based content distribution has increasingly displaced traditional print publishing. Founded in 2005 and headquartered in Los Angeles, California, WEBTOON is a subsidiary of NAVER Corporation, the South Korean internet conglomerate that originally developed the vertical-scroll webtoon format. The company listed on NASDAQ in June 2024 and is classified under the Communication Services sector.
- IP adaptations to anime boost licensing revenue
- Piccoma competition pressures Japan market share
- US user growth fuels international revenue expansion
| 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 September 10, 2026, the stock is trading at USD 10.09 with a total of 393,424 shares traded. Over the past week, the price has changed by -2.23%, over one month by +6.77%, over three months by -8.94% and over the past year by -32.15%.
Current recommended Stop Loss: 9.10 (which is 9.8% or 1.7 ATR below the current price).
WEBTOON Entertainment has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy WBTN.
- StrongBuy: 6
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 11.3 | 11.9% |
P/S = 1.0118
P/B = 1.2042
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 = 43.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 20.4m
Net Debt = -540.2m USD (calculated: Debt 43.0m - CCE 583.1m)
Enterprise Value = 844.1m USD (1.38b + Debt 43.0m - CCE 583.1m)
Interest Coverage Ratio = -4.03k (Ebit TTM -379.0m / Interest Expense TTM 94.0k)
EV/FCF = -210.2x (Enterprise Value 844.1m / FCF TTM -4.01m)
FCF Yield = -0.48% (FCF TTM -4.01m / Enterprise Value 844.1m)
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 = 0.53 (Enterprise Value 844.1m / Total Assets 1.59b)
Interest Expense / Debt = 0.22% (Interest Expense 94.0k / Debt 43.0m)
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 = 0.04 (Debt 43.0m / totalStockholderEquity, last quarter 1.16b)
Debt / EBITDA = 1.57 (negative EBITDA) (Net Debt -540.2m / EBITDA -345.0m)
Debt / FCF = 134.5 (negative FCF - burning cash) (Net Debt -540.2m / 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 = 12.57% (E(1.38b)/V(1.43b) * Re(12.96%) + D(43.0m)/V(1.43b) * Rd(0.22%) * (1-Tc(0.21)))
Discount Rate = 12.96% (= 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=-90.91% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.07 | Chg30d=-42.31% | Revisions=-25% | GrowthEPS=-50.0% | GrowthRev=-0.5%
EPS next Year (2027-12-31): EPS=0.25 | Chg30d=-23.08% | Revisions=-25% | GrowthEPS=+233.3% | GrowthRev=+12.9%
[Analyst] Revisions Ratio: -50% (up=0, down=3)