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2023-11-21 10:27:37 ET Summary Gravity Co., Ltd. is a developer and distributor of online and mobile video games based in South Korea. The company is far from perfect, and has multiple risks worth considering and monitoring. Despite the flaws of the company, the valuation is e...

Summary Gravity is a leading online game maker in Asia, with rising cash holdings approaching the total market capitalization of share ownership. Solid income levels and a stable future are completely mispriced today, in my view. A variety of options exist for the cash to support it...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Stimulus shot in the armGlobal stock markets are still in an upbeat mood after U.S. benchmarks set fresh records yesterday. Investors have renewed confiden...

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 wid...

Investment Thesis Gravity Co. Ltd. (NASDAQ: GRVY ) trades at EV/EBIT 4,0x and 2,4x for 2019E and 2020E, which is significantly below peers (12,8x/10,7x). ROMs recent success in Southeast Asia and North America/South America/Oceania solidifies the global power of the Ragnarok IP. We believe...