TipRanks
Go Ultimate55% OFF

SHIFT UP Corp (462870) AI Stock Analysis

KR:462870

SHIFT UP Corp

(Korea Exchange:462870)

Select Model
Rating:68Neutral
Price Target:$32,210.00â–²(9.37% Upside)
Action:initiatedcoverage
Date:10/28/26

The score is driven primarily by strong financial performance (high profitability and low leverage), supported by a low P/E valuation. These positives are meaningfully tempered by weak technicals (price below key moving averages and negative momentum) and recent softening in revenue and free-cash-flow trends.

Positive Factors
Conservative balance sheetVery low leverage gives SHIFT UP substantial financial flexibility and reduces dependence on borrowing to fund operations or development. The large equity cushion can help the company absorb earnings volatility while preserving capacity to invest in new games and live-service content.
Negative Factors
Revenue contractionA sizeable TTM revenue decline weakens evidence of continuing top-line expansion and may indicate post-peak normalization or softer demand. If this persists, lower scale could reduce operating leverage and constrain the funds available for developing and promoting future releases.

SHIFT UP Corp (462870) vs. SPDR S&P 500 ETF (SPY)

-30%-20%-10%0%10%20%KR:462870-24.39%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
KRW 1.69T
Dividend Yield
―
Average Volume (3M)
39.71K
Price to Earnings (P/E)
8.9
Beta (1Y)
0.13
Revenue Growth
-12.01%
EPS Growth
19.93%
Country
KR
Employees
332
Sector
General
Sector Strength
55
Industry
Electronic Gaming & Multimedia

SHIFT UP Corp Business Overview & Revenue Model

Company Description

SHIFT UP Corp. is a video game development studio. Its portfolio includes popular titles such as Stellar Blade, Goddess of Victory: Nikke, and Destiny Child. Founded by Hyung-Tae Kim on December 2, 2013, the company is based in Seoul, South Korea.

SHIFT UP Corp Financial Statement Overview

Summary

Strong fundamentals overall: exceptionally high profitability and a conservative, low-leverage balance sheet support a high score. The main offsets are weakening near-term momentum, with TTM revenue down ~18.9% and free cash flow down ~27.9%, indicating softer demand/cash generation versus the prior period.

Income Statement

84Very Positive

Balance Sheet

88Very Positive

Cash Flow

74Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue242.65B294.23B224.08B168.59B66.07B17.18B
Gross Profit202.11B227.27B224.08B126.84B66.07B8.73B
EBITDA164.41B186.95B184.45B117.87B91.24M-17.37B
Net Income192.51B191.13B147.97B106.69B-7.13B-18.62B
Balance Sheet
Total Assets1.11T1.09T803.83B203.92B91.90B47.16B
Cash, Cash Equivalents and Short-Term Investments607.72B596.05B647.34B116.24B17.25B39.02B
Total Debt66.71B63.26B11.15B9.42B7.37B0
Total Liabilities127.62B162.14B39.43B22.86B57.78B1.74B
Stockholders Equity982.73B920.89B764.40B181.06B34.12B45.42B
Cash Flow
Free Cash Flow117.50B154.58B108.05B99.56B-22.30B-17.89B
Operating Cash Flow124.83B157.17B114.15B100.44B-21.33B-16.64B
Investing Cash Flow-15.94B-283.02B-368.30B3.90B28.46B15.09B
Financing Cash Flow-22.19B-51.64B426.87B-468.59M-939.79M2.70M

SHIFT UP Corp Technical Analysis

Technical Analysis SentimentNegative
Last Price29450.00

Price Trends

50DMA31264.00Negative
100DMA31853.00Negative
200DMA32100.25Negative

Market Momentum

MACD-474.93Positive
RSI39.14Neutral
STOCH16.61Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KR:462870, the sentiment is Negative. The current price of 29450.00 is below the 20-day moving average (MA) of 30462.50, below the 50-day MA of 31264.00, and below the 200-day MA of 32100.25, indicating a bearish trend. The MACD of -474.93 indicates Positive momentum. The RSI at 39.14 is Neutral, neither overbought nor oversold. The STOCH value of 16.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KR:462870.

SHIFT UP Corp Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

KR:462870 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
KR:192080KR:19208075OutperformKRW 1.08T6.33―2.19%24.51%23.69%
KR:462870KR:46287068NeutralKRW 1.70T8.93――-12.01%19.93%
KR:251270KR:25127063NeutralKRW 2.67T6.93―2.60%9.73%331.21%
KR:181710KR:18171057NeutralKRW 1.44T20.48―1.07%11.53%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

0%100%200%300%400%KR:462870KR:181710KR:192080KR:251270KR:263750KR:420770Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
KR:462870 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
KR:462870SHIFT UP Corp29450.00-10200.00-25.73%
KR:181710NHN Corporation46600.0016711.4155.91%
KR:192080DoubleUGames Co., Ltd.54900.005777.6411.76%
KR:251270Netmarble Corp.33750.00-21296.89-38.69%
KR:263750PearlAbyss Corp.35000.00100.000.29%
KR:420770GigaVis Co., Ltd.93000.0057490.64161.90%
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