- Krafton’s operating profit in the first quarter was an impressive 310.5 billion won, marking a 9.7% increase compared to the previous year.
- This significantly surpassed estimations, which had the company’s operating profit pegged at 246.69 billion won.
- The company’s net income also showed positive growth, coming in at 350.0 billion won, a 31% increase year on year.
- This far surpassed the predicted net income of 198.81 billion won.
- Sales were also up, totalling 665.9 billion won, marking a 24% increase compared to the same time the year prior.
- Analysts’ estimates were again lower, having predicted sales of 565.51 billion won.
- Looking at the analysts’ ratings, Krafton has an overwhelming 30 buys, but only 1 hold, and no sells.
- All comparisons in these results are made based on values reported by the company’s original disclosures.
Krafton on Smartkarma
Analyst coverage of Krafton on Smartkarma has been positive, with analysts like Douglas Kim and Sumeet Singh providing valuable insights. Douglas Kim‘s report, “Alpha Generation Through Share Buybacks in Korea: Bi-Monthly (Mar and Apr 2024),” highlights Krafton’s share buyback announcement along with other major companies like Celltrion Inc and Woori Financial Group. Additionally, Douglas Kim mentions in another report, “Krafton: Block Deal Sale of About 270 Billion Won,” that SK Square plans to sell a 2.2% stake in Krafton, emphasizing the attractiveness of the company’s valuations despite the discount offered.
Sumeet Singh‘s analysis, “Krafton Placement – Stock Has Been Doing Well, Momentum Remains Strong,” focuses on SK Square’s goal to raise around US$198m by selling a portion of Krafton’s shares. Singh highlights the positive momentum of Krafton’s stock performance and its strong earnings, indicating a favorable outlook for the company. With this combined analyst coverage, it appears that Krafton continues to attract attention from investors for its strategic moves and overall performance in the market.
A look at Krafton Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking at the Smartkarma Smart Scores for Krafton, there is a positive long-term outlook for the company. With strong scores in Growth, Resilience, and Momentum, Krafton is positioned well for future success. The company’s focus on developing a variety of games for different platforms, including console, mobile, and computer, indicates potential for continued growth in the gaming industry.
Krafton’s high Resilience and Momentum scores suggest that the company has the ability to weather challenges and maintain its upward trajectory. While the Dividend score is lower, the overall outlook remains optimistic due to the company’s solid performance in key areas. Investors may view Krafton as a promising opportunity in the gaming sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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