NEXOF (NEXON Co) Intrinsic Value: Projected FCF: $13.38 (As of Aug. 18, 2026) — 1105% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NEXOF NEXON Co Ltd NEXOF
84 GF Score
Price $13.93
GF Value $15.49
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is NEXON Co Intrinsic Value: Projected FCF?

NEXON Co NEXOF 84 Intrinsic Value: Projected FCF is $13.38 as of Aug. 18, 2026, which is 1105% above its 10-year median of 1.11. GuruFocus rates NEXOF with a GF Score™ of 84/100 and a GF Value™ of $15.49 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 320 Interactive Media companies, NEXON Co ranks worse than 50.31% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-18), NEXON Co's Intrinsic Value: Projected FCF is $13.38. The stock price of NEXON Co is $13.925. Therefore, NEXON Co's Price-to-Intrinsic-Value-Projected-FCF of today is 1.0.

The historical rank and industry rank for NEXON Co's Intrinsic Value: Projected FCF or its related term are showing as below:

NEXOF' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.72   Med: 1.11   Max: 2.03
Current: 1.04

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of NEXON Co was 2.03. The lowest was 0.72. And the median was 1.11.

NEXOF's Price-to-Projected-FCF is ranked worse than
50.31% of 320 companies
in the Interactive Media industry
Industry Median: 1.005 vs NEXOF: 1.04

NEXON Co  (OTCPK:NEXOF) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

NEXON Co's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=13.925/17.365778158864
=0.80

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NEXON Co Intrinsic Value: Projected FCF Related Terms


NEXON Co Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for NEXON Co's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NEXON Co Intrinsic Value: Projected FCF Chart

NEXON Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.09 15.01 19.67 17.39 18.43

NEXON Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.99 19.21 18.43 19.52 19.28

NEXOF vs NTES, EA, TTWO: Intrinsic Value: Projected FCF Comparison

For the Electronic Gaming & Multimedia subindustry, NEXON Co's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NEXON Co Price-to-Projected-FCF vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NEXON Co's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where NEXON Co's Price-to-Projected-FCF falls into.


NEXOF
84GF Score
NEXON Co Ltd NEXOF
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NEXON Co Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get NEXON Co's Free Cash Flow(6 year avg) = $821.38.

NEXON Co's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(10.195616806174*821.38208+6697.842*0.8)/790.795
=17.37

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of $13.38 mean?
NEXON Co (NEXOF) has a Intrinsic Value: Projected FCF of $13.38 as of Aug. 18, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on NEXON Co and its competitors. This is 1105% above median its historical median of 1.11. Over the past decade, NEXON Co's Intrinsic Value: Projected FCF has ranged from 0.72 to 2.03. According to the industry distribution chart, NEXON Co ranks #161 out of 320 companies in the Interactive Media industry, placing it in the top 50.3%.
Is NEXON Co's Intrinsic Value: Projected FCF too high?
NEXON Co's current Intrinsic Value: Projected FCF of $13.38 is 1105% above median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 2.03. The Interactive Media industry median Intrinsic Value: Projected FCF is 1.01. NEXON Co's value of $13.38 is 1231.3% above this industry median. Based on the distribution chart, NEXON Co ranks #161 out of 320 companies in the Interactive Media industry, which is below the industry midpoint. Overall, NEXON Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does NEXON Co's Intrinsic Value: Projected FCF compare to NTES and EA?
According to the Interactive Media industry distribution chart, NEXON Co ranks #161 out of 320 companies for Intrinsic Value: Projected FCF. This places NEXON Co in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.01. NEXON Co's value of $13.38 is 1231.3% above this benchmark. Historically, NEXON Co's own Intrinsic Value: Projected FCF has ranged from 0.72 to 2.03 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 1.01, NEXON Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Interactive Media company?
The median Intrinsic Value: Projected FCF among Interactive Media companies is 1.01, based on 320 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NEXON Co's current Intrinsic Value: Projected FCF of $13.38 is 1231.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on NEXON Co and its competitors. For the Interactive Media industry, the median Intrinsic Value: Projected FCF is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEXON Co's current Intrinsic Value: Projected FCF is $13.38, which is 1105% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEXON Co stock overvalued right now?
Based on GuruFocus' analysis, NEXON Co (NEXOF) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.49, compared to a current price of $13.93 — trading 10.1% below its estimated fair value. The current Intrinsic Value: Projected FCF is $13.38, which is 1105% above median its 10-year median of 1.11 and 1231.3% above the Interactive Media industry median of 1.01. NEXON Co's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For NEXON Co (NEXOF), the current Intrinsic Value: Projected FCF is $13.38 as of Aug. 18, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NEXON Co (NEXOF) Overvalued in 2026?

Based on GuruFocus' analysis, NEXON Co stock appears to be undervalued. The current stock price of $13.93 is trading 10.1% below its estimated GF Value™ of $15.49. GuruFocus considers NEXON Co to be Modestly Undervalued.

Key valuation signals for NEXOF:

  • Intrinsic Value: Projected FCF: $13.38 (1105% above median its 10-year median of 1.11)
  • GF Value™: $15.49 vs. price of $13.93 (10.1% below fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 1231.3% above the Interactive Media median (#161 of 320)

No single metric tells the full story. See the NEXOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NEXON Co Business Description

Address 1-4-5 Roppongi, Minato-ku, Tokyo, JPN, 106-0032
Nexon is a South Korean online game developer and publisher, founded in 1994 in Korea by Kim Jung-ju. In 2005, the company moved its headquarters to Tokyo, Japan, and has operations in Korea, the US, Taiwan, and Thailand. The company's most notable franchises are MapleStory, Dungeon & Fighter, Sudden Attack, and KartRider. Nexon has been the publisher for EA's FC Online game franchise in Korea and Japan since 2013. Nexon acquired an independent game developer, Embark Studios AB, located in Stockholm, Sweden, in 2019.
84GF Score

Get the complete analysis for NEXOF

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.93
Price
$15.49
GF Value