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Mgame Corp. (KR:058630)
:058630
South Korea Market
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Mgame Corp. (058630) AI Stock Analysis

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KR:058630

Mgame Corp.

(058630)

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Outperform 72 (OpenAI - Gpt-5.6Sol)
Rating:72Outperform
Price Target:
₩3,974.00
Action:N/A
Date:10/28/26
The score is driven by strong financial quality (especially the very conservative balance sheet) and attractive valuation (low P/E and high dividend yield). These positives are partly offset by weak technicals (price below key moving averages with negative MACD) and some fundamental watchouts in slowing growth and weaker cash conversion versus earnings.
Positive Factors
Conservative balance sheet
Minimal leverage gives Mgame substantial financial flexibility and low solvency risk. A strong equity base can help the company sustain game development, publishing activity, and shareholder distributions through weaker operating periods without relying heavily on external financing.
Negative Factors
Revenue contraction
The shift from modest growth to revenue contraction signals weaker momentum in the current game portfolio or market reach. If sustained, lower sales would constrain reinvestment capacity and make it harder for Mgame to offset maturity or declining engagement in existing titles.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Minimal leverage gives Mgame substantial financial flexibility and low solvency risk. A strong equity base can help the company sustain game development, publishing activity, and shareholder distributions through weaker operating periods without relying heavily on external financing.
Read all positive factors

Mgame Corp. (058630) vs. SPDR S&P 500 ETF (SPY)

Mgame Corp. Business Overview & Revenue Model

Company Description
Mgame Corp specializes in operating an online platform that delivers a wide array of gaming services. Its diverse catalog includes online board games, lighthearted casual titles, fast-paced action games, immersive role-playing games, interactive m...

Mgame Corp. Financial Statement Overview

Summary
Fundamentals are solid overall, led by an exceptionally strong, low-debt balance sheet (minimal leverage and strong flexibility). Profitability remains healthy but has cooled from prior peaks, and revenue growth slipped slightly negative in 2025. Cash conversion is the main weakness, with operating cash flow and free cash flow translating less efficiently from earnings versus earlier years.
Income Statement
72
Positive
Balance Sheet
91
Very Positive
Cash Flow
62
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue88.90B91.74B83.42B81.63B73.65B55.71B
Gross Profit78.91B83.98B79.20B78.52B73.29B55.42B
EBITDA17.86B20.80B25.54B26.86B30.32B27.01B
Net Income14.88B16.03B15.67B21.86B22.65B21.44B
Balance Sheet
Total Assets168.10B157.24B148.89B148.21B116.43B85.44B
Cash, Cash Equivalents and Short-Term Investments73.24B64.27B81.08B93.60B75.14B45.42B
Total Debt1.37B897.96M839.63M670.82M76.06M1.11B
Total Liabilities29.88B20.35B24.62B34.31B23.30B11.72B
Stockholders Equity138.25B136.90B124.21B113.86B93.04B73.58B
Cash Flow
Free Cash Flow10.00B3.94B5.57B24.29B35.65B13.13B
Operating Cash Flow15.95B7.85B8.01B29.96B37.05B16.76B
Investing Cash Flow-4.57B-33.56B19.26B-25.97B-29.32B9.28B
Financing Cash Flow-7.38B-2.84B-6.41B-342.97M-4.21B-159.93M

Mgame Corp. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price―
Price Trends
50DMA
3973.00
Negative
100DMA
4196.35
Negative
200DMA
4756.95
Negative
Market Momentum
MACD
-99.52
Positive
RSI
35.91
Neutral
STOCH
13.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:058630, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 3835.75, equal to the 50-day MA of 3973.00, and equal to the 200-day MA of 4756.95, indicating a bearish trend. The MACD of -99.52 indicates Positive momentum. The RSI at 35.91 is Neutral, neither overbought nor oversold. The STOCH value of 13.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:058630.

Mgame Corp. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
₩1.06T6.23―2.22%24.51%23.69%
72
Outperform
₩64.55B7.44―7.33%-3.01%-13.77%
70
Outperform
₩7.90T9.64―1.22%54.95%-14.08%
69
Neutral
₩290.69B14.67―10.56%-7.93%3.00%
63
Neutral
₩2.66T6.89―2.61%9.73%331.21%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
KR:058630
Mgame Corp.
3,620.00
-2,471.25
-40.57%
KR:063080
Com2uS Holdings Corporation
11,280.00
-9,470.00
-45.64%
KR:069080
Webzen Inc.
11,430.00
292.33
2.62%
KR:192080
DoubleUGames Co., Ltd.
54,000.00
4,584.08
9.28%
KR:251270
Netmarble Corp.
33,550.00
-20,610.63
-38.05%
KR:259960
Krafton, Inc.
183,200.00
-93,450.53
-33.78%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 28, 2026