What is WEBTOON Entertainment Inc. worth?
With the base-case assumptions below, a discounted cash flow model on WEBTOON Entertainment Inc.'s reported free cash flow gives $4.83 per share. The share price was $9.92 on November 10, 2026, 105% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 3.5% | 10.0% | $4.60 | -54% |
| Base | 8.5% | 9.0% | $4.83 | -51% |
| Bull | 13.5% | 8.0% | $5.30 | -47% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $5.01 | $5.06 | $5.13 | $5.21 | $5.32 |
| 8.0% | $4.88 | $4.91 | $4.95 | $5.00 | $5.06 |
| 9.0% | $4.78 | $4.81 | $4.83 | $4.87 | $4.90 |
| 10.0% | $4.71 | $4.73 | $4.75 | $4.77 | $4.79 |
| 11.0% | $4.65 | $4.66 | $4.68 | $4.69 | $4.71 |
Where the presets come from
Base: years 1 to 5 grow at WEBTOON Entertainment Inc.'s revenue growth rate over the last 3 fiscal years (8.6% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions