Added to YB: 2026-08-06
Pitch date: 2026-08-04
GRVY [bullish]
Gravity Co., Ltd.
-1.54%
current return
Author Info
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Company Info
Gravity Co., Ltd. develops and publishes online and mobile games worldwide. It offers massively multiplayer online role-playing games, including Ragnarok Online, Dragonica, Requiem Online, R.
Market Cap
$621.8B
Pitch Price
$63.17
Price Target
147.60 (+137%)
Dividend
N/A
EV/EBITDA
0.12
P/E
8.31
EV/Sales
0.02
Sector
Entertainment
Category
value
Good prospects for a revaluation – GRAVITY $GRVY
GRVY: Korean game dev at ~$62, $430M mkt cap w/ ~$401M net cash = ~0.3x EV/EBITDA on $80M+ annual op profit vs peers 6-12x. Q1'26 op profit +163% QoQ. China ISBN approval for Ragnarok M2 w/ XD Inc/TapTap. Activist pressure on parent GungHo (13.67%) forces first-ever dividend. IP secured to 2063. Risks: 80% Ragnarok concentration, China execution, dividend size, Q2 margin pressure from launch costs. Fair P/E 22.5, 3yr PT $147.6 (+240%).
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