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 $469.5M against $198.1M — 2.4× the size. GDEV Inc. trades at the lower P/E: 2.7× against 8.2×. 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 11 and GRAVITY Co., Ltd. on 9.

Valuation

Metric GDEV GRVY Electronic Gaming & Multimedia median
P/E 2.70 8.16 7.09
P/S 0.45 1.19 1.09
P/B n/m 1.02 1.02
Price to free cash flow 6.55 1.72 6.55
EV/EBITDA 0.90 0.64 3.29
EV/Sales 0.17 0.10 0.84
Earnings yield 36.97% 12.25% (3.08%)
Free cash flow yield 15.27% 58.13% 0.00%

Profitability

Metric GDEV GRVY Electronic Gaming & Multimedia median
Gross margin 87.89% 33.70% 70.26%
Operating margin 18.87% 15.89% (8.19%)
Net margin 17.01% 14.99% (9.89%)
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% (1.43%)
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%) 13.58%
EPS growth (last fiscal year) 173.19% (21.40%) —
Revenue growth, 5-year CAGR 9.16% 3.86% (2.72%)
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 1.61
Net debt to EBITDA (1.39) (7.06) 0.07

Dividend

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

Size

Metric GDEV GRVY Electronic Gaming & Multimedia median
Market cap 198.12m 469.47m 53.60m

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