Added to YB: 2023-07-09
Pitch date: 2023-07-09
GRVY [bullish]
Gravity Co., Ltd.
-8.89%
current return
Author Info
Clark Square Capital is a former equity analyst and now a full-time investor managing their own capital. Sign up for their newsletter
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
$674.9B
Pitch Price
$73.22
Price Target
190.00 (+185%)
Dividend
N/A
EV/EBITDA
0.27
P/E
7.86
EV/Sales
0.04
Sector
Entertainment
Category
value
Gravity Co. ($GRVY)
GRVY (new position): Korean mobile game co (Ragnarok IP) trades ~2.0x '24 EBITDA, +35% FCF yield, ~$50/sh net cash vs $72 price. RO launches in SE Asia/global driving 82% rev, 300%+ EBIT growth. Mispriced orphan ADR, no coverage, illiquid, 59% GungHo-controlled. PT $190 (160% upside) at 9x EBITDA.
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