GDEV Inc. (GDEV) vs GRAVITY Co., Ltd. (GRVY)

GDEV Inc. and GRAVITY Co., Ltd. are both Electronic Gaming & Multimedia companies. GRAVITY Co., Ltd. is the larger, with a market value of $467.0M against $159.1M — 2.9× the size. GDEV Inc. trades at the lower P/E: 2.3× against 8.3×. GRAVITY Co., Ltd. grew revenue faster over the last twelve months: −2.43% against −4.63%. GDEV Inc. has the higher net margin (17.0% vs 15.0%) and the lower return on invested capital (0.00% vs 130.5%). Across the 20 metrics below, GDEV Inc. leads on 13 and GRAVITY Co., Ltd. on 7.

Valuation

Metric GDEV GRVY Electronic Gaming & Multimedia median
P/E 2.29 8.30 7.39
P/S 0.38 1.25 0.64
P/B n/m 1.07 0.77
Price to free cash flow 5.55 5.41 5.55
EV/EBITDA 0.54 0.96 2.12
EV/Sales 0.10 0.15 0.77
Earnings yield 43.61% 12.05% (1.65%)
Free cash flow yield 18.01% 18.47% 0.22%

Profitability

Metric GDEV GRVY Electronic Gaming & Multimedia median
Gross margin 87.89% 33.70% 67.15%
Operating margin 18.87% 15.89% (12.93%)
Net margin 17.01% 14.99% (1.88%)
Free cash flow margin 6.86% 0.00% 0.00%
Return on equity (87.99%) 12.99% 0.00%
Return on assets 28.66% 10.94% (1.24%)
Return on invested capital 0.00% 130.48% 0.00%

Growth

Metric GDEV GRVY Electronic Gaming & Multimedia median
Revenue growth (TTM) (4.63%) (2.43%) 3.72%
EPS growth (last fiscal year) 173.19% (21.40%) (2.28%)
Revenue growth, 5-year CAGR 9.16% 3.86% (1.32%)
Net income growth, 5-year CAGR 0.00% (1.20%) 0.00%

Health

Metric GDEV GRVY Electronic Gaming & Multimedia median
Debt to equity 0.00 0.00 0.00
Current ratio 0.75 7.20 1.57
Net debt to EBITDA (1.39) (7.06) 0.35

Dividend

Metric GDEV GRVY Electronic Gaming & Multimedia median
Dividend yield 0.00% — —
Payout ratio 0.00 — —

Size

Metric GDEV GRVY Electronic Gaming & Multimedia median
Market cap 159.05m 466.97m 77.82m

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