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Gravity Co Ltd (GRVY)
NASDAQ:GRVY
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Gravity Co
(NASDAQ:GRVY)
79Outperform
Gravity Co (GRVY) vs. S&P 500 (SPY)
Market Cap
$417.84M
Dividend YieldN/A
Average Volume (3M)16.37K
Price to Earnings (P/E)6.7
Beta (1Y)0.90
Revenue Growth-33.07%
EPS Growth-43.07%
CountryUS
Employees390
SectorCommunication Services
Sector Strength74
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)8.95
Shares Outstanding6,948,900
10 Day Avg. Volume14,932
30 Day Avg. Volume16,372
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.05
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Gravity Co Business Overview & Revenue Model
Company DescriptionGravity Co (GRVY) is a global entertainment company that operates in the online gaming sector. It is best known for developing and publishing online games, including the popular massively multiplayer online role-playing game (MMORPG), Ragnarok Online. The company focuses on creating engaging and immersive gaming experiences for a wide audience, leveraging its expertise in game development and publishing to expand its portfolio across various platforms.
How the Company Makes MoneyGravity Co primarily makes money through its online gaming services. The company generates revenue by offering subscription-based access to its games, selling virtual items and in-game currency, and through microtransactions within its games. Additionally, Gravity Co earns from licensing its intellectual property to third-party developers and distributors in various regions, which helps expand its market reach. The company may also engage in partnerships with other gaming companies and platforms to enhance distribution and monetization opportunities.
Gravity Co Financial Statement Overview
Summary
Gravity Co exhibits a strong financial performance across all verticals. The company has achieved significant revenue and profit growth, maintains a stable and low-leverage balance sheet, and demonstrates excellent cash flow management. These factors contribute to a positive outlook and position Gravity Co as financially sound and operationally efficient within the Interactive Multi-Media industry.Income Statement
Gravity Co has demonstrated impressive revenue growth with a 56.44% increase from 2022 to 2023. The company maintains a strong gross profit margin of 33.15% and a net profit margin of 18.19% in 2023, indicating efficient cost management and profitability. The EBIT margin of 22.10% and EBITDA margin of 24.33% further highlight operational efficiency.90
Very Positive
Balance Sheet
The balance sheet is robust with a low debt-to-equity ratio of 0.005, reflecting minimal leverage and high financial stability. A strong return on equity of 28.51% underscores the company's effective use of shareholder funds. The equity ratio of 80.12% indicates a strong capital structure with significant equity financing.85
Very Positive
Cash Flow
The cash flow statement reveals a healthy free cash flow growth rate of 32.60% from 2022 to 2023. Operating cash flow to net income ratio of 1.00 demonstrates strong cash generation relative to net income, while the free cash flow to net income ratio of 0.96 indicates efficient cash management.88
Very Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 516.65B | 725.52B | 463.62B | 413.94B | 405.95B | 360.97B | Gross Profit |
| 197.43B | 240.56B | 196.25B | 189.77B | 166.91B | 95.18B | EBIT |
| 95.86B | 160.37B | 104.84B | 97.56B | 89.47B | 48.80B | EBITDA |
| 99.81B | 176.52B | 117.07B | 101.99B | 93.12B | 49.51B | Net Income Common Stockholders |
| 83.40B | 132.02B | 83.16B | 65.95B | 62.70B | 39.88B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 61.62B | 465.74B | 340.25B | 247.70B | 182.45B | 118.93B | Total Assets |
| 125.49B | 578.18B | 444.09B | 327.53B | 265.37B | 175.43B | Total Debt |
| 0.00 | 2.34B | 3.06B | 5.12B | 3.25B | 3.01B | Net Debt |
| -44.12B | -184.08B | -166.82B | -93.98B | -107.39B | -76.42B | Total Liabilities |
| 27.08B | 114.45B | 113.91B | 80.69B | 88.02B | 59.66B | Stockholders Equity |
| 87.42B | 463.09B | 329.53B | 246.07B | 176.91B | 115.54B |
| Cash Flow | Free Cash Flow | ||||
| 0.00 | 126.63B | 95.48B | 69.97B | 66.16B | 24.03B | Operating Cash Flow |
| 0.00 | 132.43B | 98.28B | 74.18B | 69.86B | 26.37B | Investing Cash Flow |
| 0.00 | -116.58B | -22.34B | -82.47B | -36.05B | -32.53B | Financing Cash Flow |
| 0.00 | -4.08B | -3.92B | -3.31B | -2.55B | -1.69B |
Gravity Co Technical Analysis
Negative
60.13
Price Trends
59.60
Positive
61.95
Negative
65.12
Negative
Market Momentum
0.68
Negative
64.70
Neutral
80.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GRVY, the sentiment is Negative. The current price of 60.13 is above the 20-day moving average (MA) of 58.13, above the 50-day MA of 59.60, and below the 200-day MA of 65.12, indicating a neutral trend. The MACD of 0.68 indicates Negative momentum. The RSI at 64.70 is Neutral, neither overbought nor oversold. The STOCH value of 80.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GRVY.
Gravity Co Risk Analysis
Gravity Co disclosed 28 risk factors in its most recent earnings report. Gravity Co reported the most risks in the “Ability to Sell” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gravity Co Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $417.84M | 6.72 | 16.74% | ― | -33.07% | -43.07% | |
79 Outperform | $66.05B | 16.66 | 22.60% | 2.45% | 0.23% | -0.09% | |
78 Outperform | $76.08B | 180.11 | 5.93% | ― | 28.46% | 185.04% | |
74 Outperform | $37.96B | 37.07 | 14.04% | 0.52% | -2.99% | -0.46% | |
62 Neutral | $36.88B | ― | -51.45% | ― | 1.00% | -148.89% | |
59 Neutral | $27.83B | 1.88 | -18.16% | 4.00% | 2.13% | -44.45% | |
54 Neutral | $10.11B | 85.43 | 4.19% | ― | -27.50% | 1150.23% |
* Communication Services Sector Average
Performance Comparison
GRVY
Gravity Co
60.13
-13.46
-18.29%
EA
Electronic Arts
144.85
15.98
12.40%
GME
GameStop
21.10
9.57
83.00%
NTES
NetEase
104.94
11.49
12.30%
TTWO
Take-Two
208.93
59.34
39.67%
SE
Sea
120.05
66.62
124.69%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.