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GRVY - Gravity: Predictable Gaming Cash Flow Cheap Valuations
November, 25 2020 07:44 AM
GRAVITY Co. Ltd.
Gravity posted strong results last quarter, with 70% top line growth and more than 200% profit growth. The success of "Next" (and future games pipeline) yet to be reflected in the financials. Gravity is trading at low valuations of 6.7x EV/EBIT (Q3 annualized), compared to the wider gaming universe at 26x. We think revenues can potentially grow 5x over the next 2 years, with possible upside to those numbers from the future gaming pipeline. For further details see:
Gravity: Predictable Gaming Cash Flow, Cheap Valuations
Stock Information
Company Name:
GRAVITY Co. Ltd.
Stock Symbol:
GRVY
Market:
NASDAQ
Website:
gravity.co.kr
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