Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Analyst consensus and Net cash floor.
ACCE opinionWEBTOON Entertainment Inc. Common stock (WBTN)
Fair value (2 models)
Not available
ACCE price target
$10.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Price used: $9.45 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Net cash floor.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
21
out of 100
Analysts
25% buy
8 covering
P/E
0.0x
forward 0.0x
1-year return
-47.1%
Dividend yield
0.00%
WEBTOON Entertainment Inc. Common stock in four questions
Plain answers, details below
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Overview
ACCE thesis
WEBTOON Entertainment runs the WEBTOON and WEBTOON Canvas platforms, a mobile-first library of vertical-scroll comics that it publishes, licenses and adapts into film, TV and merchandise. Its structural argument rests on owned IP and a creator pipeline that feeds its own adaptations, but the financials don't yet show that advantage converting to profit: revenue is shrinking 2.8%, gross margin sits at 24.4%, and operating margin is negative at -4.6%. The near-term catalyst is whether adaptation and licensing revenue can offset weakness in core platform monetisation, and the reported numbers give no sign that this has happened yet. At a 1.2B market cap with no index membership and a 21/100 score, the case for a deeper look rests on margin expansion proving out, which is a question for the cash flow and segment disclosures rather than the headline ratios.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
high
Negative margins and cash burn
Operating margin is -4.6% and net margin -25.1%, with free cash flow of -$6.7M. Revenue fell 2.8% year over year, so the business is not yet self-funding.
moderate
Elevated short interest
Short interest stands at 18.0% of float, and the ACCE score slipped from 25 to 21 over 90 days, signalling weakening sentiment from both sides of the trade.
AI research notes
AI-assisted·How I use AIWritten Oct 14, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Analysts' mean price target of $11.29 sits above the current share price, implying upside to the average target.
WEBTOON's debt is very light, with debt to equity at 0.02 against a balance sheet that carries little borrowing.
Revenue grew at an average of +8.6% per year over five years, showing the business has expanded across the cycle.
Why it could disappoint
Revenue fell 2.8% year over year, so the most recent growth trend has turned negative.
The company lost money on each dollar of sales, with a net margin of -25.1%, and free cash flow over the last twelve months was negative at -$7M.
Only 2 of 8 analysts rate the stock Buy or Strong Buy, and the latest quarter missed earnings expectations by -25.0%.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 9, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where WBTN's valuation models land
Price
$9.45
Model fair valueConfidence: low
about $8.06
Model
Fair value
Upside
Analyst consensus
Net cash floor
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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