Technology Services

NAVER Corp.

In the news

WeChat users look to Japan's Line for alternative as US ban looms Jul 31, 2020
South Korea's Naver triples quarterly profit on cloud computing Jul 31, 2020
A month on, Hong Kong banks caught between US and China sanctions Jul 30, 2020
South Korea's Naver shifts data from Hong Kong to Singapore Jul 21, 2020
Coronavirus delays Yahoo Japan's merger with Line Jun 30, 2020

Business Summary

NAVER Corp. engages in the provision of internet advertisement and searches portal business. It offers services through the internet portals such as Naver, Junior Naver, and Happybean. The Naver provides community services including blogs and cafes, other convenient services such as news, knowledge shopping, maps, books, e-mail, and naver toolbar. The Junior Naver offers educational content for children including the homework helper and preschool; children and parents such as children's song world, fairy tale travel, and parents room; and entertainment services such as animal farm and game land. The Happybean is an online donation portal that bridges internet users to participate in donation activities and organizations. The company was founded on June 2, 1999 and is headquartered in Seongnam-si, South Korea.

Financial Highlights

Dec 2021	KRW	USD
Revenue	6,817.59B	5,953.40M
Gross Profit	1,635.96B	1,428.58M
Operating income	1,325.47B	1,157.46M
Income before tax	1,581.69B	1,381.20M
Net income	1,493.47B	1,304.16M
EBITDA	1,758.92B	1,535.96M
Diluted EPS	10,299.08	8.99
Dividends Per Share	511	0.44
Total Assets	33,691.00B	28,341.54M
Total liabilities	9,663.63B	8,129.23M
Total equity	23,535.63B	19,798.64M
Operating cash flow	1,379.90B	1,204.99M
	Currency in KRW	Currency in USD

Historical Data

KRW | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	4,678.46B	5,586.90B	4,356.23B	5,304.14B	6,817.59B
Gross Profit	1,626.20B	1,532.95B	1,387.24B	1,472.36B	1,635.96B
Operating income	1,176.41B	940,609.23M	1,153.73B	1,214.92B	1,325.47B
Income before tax	1,209.85B	1,196.74B	1,372.83B	1,518.00B	1,581.69B
Net income	775,433.64M	643,826.90M	934,306.91M	1,144.88B	1,493.47B
EBITDA	1,382.66B	1,201.67B	1,408.48B	1,539.36B	1,758.92B
Diluted EPS	5,296.52	4,436.75	4,006.32	6,838.75	10,299.08
Dividends Per Share	289.20	314	376	402	511
Total Assets	8,019.25B	9,881.19B	12,299.52B	17,014.23B	33,691.00B
Total liabilities	2,714.06B	3,932.05B	5,795.60B	8,759.10B	9,663.63B
Total equity	4,762.34B	5,240.28B	5,805.22B	7,367.21B	23,535.63B
Operating cash flow	939,981.99M	973,506.36M	1,356.84B	1,447.21B	1,379.90B

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	4,138.36M	5,076.61M	3,735.46M	4,495.46M	5,953.40M
Gross Profit	1,438.46M	1,392.93M	1,189.55M	1,247.88M	1,428.58M
Operating income	1,040.60M	854.69M	989.32M	1,029.69M	1,157.46M
Income before tax	1,070.18M	1,087.43M	1,177.19M	1,286.56M	1,381.20M
Net income	685.91M	585.02M	801.16M	970.33M	1,304.16M
EBITDA	1,223.04M	1,091.91M	1,207.77M	1,304.67M	1,535.96M
Diluted EPS	4.68	4.03	3.43	5.79	8.99
Dividends Per Share	0.25	0.28	0.32	0.34	0.44
Total Assets	7,490.77M	8,855.70M	10,635.58M	15,662.55M	28,341.54M
Total liabilities	2,535.20M	3,523.97M	5,011.54M	8,063.24M	8,129.23M
Total equity	4,448.50M	4,696.43M	5,019.86M	6,781.93M	19,798.64M
Operating cash flow	831.46M	884.58M	1,163.48M	1,226.56M	1,204.99M

Valuation Measures

Dec 2021
PER	36.42
ROA	5.89%
ROE	9.66%
Operating margin	19.44%
Profit margin	21.90%

Key executives

President, Chief Executive Officer & Director: Soo-Yeon Choi
Chief Financial Officer: Nam-Sun Kim
Global Investment Officer: Hae-Jin Lee

Shareholders

NAVER Corp. (8.4%)
National Pension Service of Korea (8.2%)
LEE HAE-JIN /NHN/ (3.7%)
The Vanguard Group, Inc. (2.4%)
Harris Associates LP (1.9%)
BlackRock Fund Advisors (1.8%)
Artisan Partners LP (1.3%)
Norges Bank Investment Management (1.2%)
T. Rowe Price International Ltd. (0.9%)
BlackRock Advisors (UK) Ltd. (0.8%)

Contact Details

Website:http://www.navercorp.com
Address: 16/F, Naver Green Factory, 6 Buljeong-ro, Seongnam-si, 13561, South Korea
Phone: +82.1588.3830

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Competitors

Alphabet Inc. Class A
Snap, Inc. Class A
Alibaba Group Holding Ltd.
BK TOPS Co., Ltd.
Connectwave Co., Ltd.
D&C MEDIA CO.,LTD.
eBay Inc.
KT Skylife Co., Ltd
NHN KCP Corp.
SALTLUX Inc
Shinhan Financial Group Co., Ltd.
trivago N.V. Sponsored ADR Class A
WebCash Corp.
Wider Planet Inc.
Woongjin Thinkbig Co., Ltd

Last Updated on 27 Jan, 2023