Webtoon Entertainment Inc.

Consumer Discretionary
Publishing
about.webtoon.com

Moat Score

Market Cap $1.17B
PE -6
Debt -
Cash $550.14M
EV -
FCF -$27.09M

Earnings

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Sales & Net Margins

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Earnings	-$181.58M
EBIT	-$134.31M
ROE	-12%
ROA	-7%
FCF	-$27.09M
Equity	$1.52B
Growth Stability	1
PE	-6.44
PB	0.77
P/FCF	-43.15
P/S	0.87
Price/Cash	0.47
Net Margins	-7%
Gross Margins	24%
Op. Margins	-10%
Sales Growth YoY	-0%
Sales Growth QoQ	-8%
Sales CAGR	66%
FCF CAGR	-57%
Equity CAGR	7%
Earnings Growth YoY	-463%

Earnings Growth QoQ	-78%
Sales CAGR 5Y	66%
FCF CAGR 5Y	-57%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	66%
Sales CAGR 3Y	66%
FCF CAGR 3Y	-57%
Equity CAGR 3Y	7%
Market Cap	$1.17B
Revenue	$1.35B
Assets	$1.94B
Cash	$550.14M
Shares Outstanding	129.6M
Moat Score	7%
Working Capital	508M
Current Ratio	2.63
Gross Profit	$328.32M
Shares Growth 3y	8%
Equity Growth QoQ	-0%
Equity Growth YoY	18%

Assets & ROA

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Stockholders Equity & ROE

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WEBTOON is a global storytelling platform where a vibrant community of creators and users discover, create and share new content. We have pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication. WEBTOON empowers creators by enabling them to participate economically in their own creation, and users, by offering an endless library of content. Our community connects 24 million creators with approximately 170 million monthly active users in over 150 countries around the world.

SEC Filings

Direct access to Webtoon Entertainment Inc. (WBTN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30

Sector Comparison

How does Webtoon Entertainment Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Webtoon Entertainment Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Webtoon Entertainment Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Webtoon Entertainment Inc..

Years

Calculation mode

= -$17M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$27M	-$12M	-$4.9M	-$2.1M	-$904K	-$386K	-$165K	-$71K	-$30K	-$13K	-$5.5K	-$55K
DCF		-$11M	-$4.1M	-$1.6M	-$617K	-$240K	-$93K	-$36K	-$14K	-$5.5K	-$2.1K	-$21K
Value	-$17M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2022	12/2023	12/2024	TTM
Net Margins	-12%	-11%	-11%	-7%
ROA	-	-	-5%	-7%
ROE	-	-	-10%	-12%

Bad Net Margins (-6.9%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	0	-
Debt over Equity	-	0	0	-
Growth Stability	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	19%	5%	66%
Earnings YoY growth	-	9%	6%	-
Equity YoY growth	-	-11%	16%	7%
FCF YoY growth	-	-103%	236%	-57%