Gravity Co., Ltd. (GRVY) 10-Year Financial Performance & Capital Metrics

GRVY • • Industrial / General

TechnologyGaming & MultimediaGame Development & PublishingMMO & Online Game Specialists

AboutGravity Co., Ltd. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and Japan. The company offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Prequel II. Its mobile games portfolio includes Ragnarok M: Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; and Paladog Tactics. The company also provides console games, such as Ragnarok DS for Nintendo DS; Ragnarok: The Princess of Light and Darkness for PlayStation Portable; Ragnarok Odyssey for PlayStation Vita; Double Dragon II for Xbox 360; Ragnarok Odyssey Ace for PlayStation Vita and PlayStation 3; and GRANDIA HD Collection for Nintendo Switch. In addition, it offers games for IPTV, including Pororo: The Little Penguin; and markets dolls, stationery, food, and other character-based merchandises, as well as game manuals, monthly magazines, and other publications. Further, the company provides system development and maintenance services, as well as system integration services to third parties. As of December 31, 2021, it owned 156 registered domain names. The company was incorporated in 2000 and is headquartered in Seoul, South Korea. Gravity Co., Ltd. is a subsidiary of GungHo Online Entertainment, Inc.Show more

Revenue $500.85B -31.0%
EBITDA $94.62B -43.7%
Net Income $84.92B -35.7%
EPS (Diluted) 12221.00 -35.7%
Gross Margin 38.72% +16.8%
EBITDA Margin 18.89% -18.4%
Operating Margin 17.05% -22.9%
Net Margin 16.96% -6.8%
ROE 16.46% -50.5%
ROIC 20.69% -62.2%
Debt/Equity -
Interest Coverage 632.47 -36.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 26.2%
✓Strong 5Y profit CAGR of 16.3%
✓Healthy 5Y average net margin of 16.9%
✓Trading at only 0.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y30.35%

5Y6.77%

3Y6.56%

TTM1.75%

Profit (Net Income) CAGR

10Y-

5Y16.32%

3Y8.79%

TTM-10.23%

EPS CAGR

10Y-

5Y16.32%

3Y8.8%

TTM-10.24%

ROCE

10Y Avg41.69%

5Y Avg46.46%

3Y Avg30.41%

Latest16.27%

Peer Comparison

MMO & Online Game Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GRVYGravity Co., Ltd.	432.5M	62.24	0.01	-30.97%	14.37%	13.54%	100%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	35.66B	34.96B	141.62B	286.77B	360.97B	405.95B	413.94B	463.62B	725.52B	500.85B
Revenue Growth %	0.01%	-0.02%	3.05%	1.02%	0.26%	0.12%	0.02%	0.12%	0.56%	-0.31%
Cost of Goods Sold+	30.28B	14.05B	94.23B	210.04B	265.79B	239.04B	224.17B	267.37B	484.96B	306.9B
COGS % of Revenue	0.85%	0.4%	0.67%	0.73%	0.74%	0.59%	0.54%	0.58%	0.67%	0.61%
Gross Profit+	5.38B	20.91B	47.39B	76.73B	95.18B	166.91B	189.76B	196.25B	240.56B	193.94B
Gross Margin %	0.15%	0.6%	0.33%	0.27%	0.26%	0.41%	0.46%	0.42%	0.33%	0.39%
Gross Profit Growth %	0.13%	2.89%	1.27%	0.62%	0.24%	0.75%	0.14%	0.03%	0.23%	-0.19%
Operating Expenses+	16.76B	15.22B	33.25B	42.84B	46.34B	78.54B	93.05B	91.55B	80.19B	108.56B
OpEx % of Revenue	0.47%	0.44%	0.23%	0.15%	0.13%	0.19%	0.22%	0.2%	0.11%	0.22%
Selling, General & Admin	11.48B	15.22B	27.79B	34.94B	35.37B	60.38B	72.53B	72.78B	59.95B	85.92B
SG&A % of Revenue	0.32%	0.44%	0.2%	0.12%	0.1%	0.15%	0.18%	0.16%	0.08%	0.17%
Research & Development	5.28B	1.97B	5.24B	7.08B	9.5B	15.03B	16.57B	13.8B	13.49B	15.26B
R&D % of Revenue	0.15%	0.06%	0.04%	0.02%	0.03%	0.04%	0.04%	0.03%	0.02%	0.03%
Other Operating Expenses	0	290.58M	-64.87M	92.04M	1.47B	3.13B	3.94B	4.97B	6.75B	7.38B
Operating Income+	-17.23B	5.69B	14.14B	33.89B	48.8B	88.37B	96.72B	104.71B	160.37B	85.38B
Operating Margin %	-0.48%	0.16%	0.1%	0.12%	0.14%	0.22%	0.23%	0.23%	0.22%	0.17%
Operating Income Growth %	-0.55%	1.33%	1.48%	1.4%	0.44%	0.81%	0.09%	0.08%	0.53%	-0.47%
EBITDA+	-12.47B	5.93B	14.66B	35.3B	52.46B	93.29B	103.04B	111.77B	168.03B	94.62B
EBITDA Margin %	-0.35%	0.17%	0.1%	0.12%	0.15%	0.23%	0.25%	0.24%	0.23%	0.19%
EBITDA Growth %	-1.2%	1.48%	1.47%	1.41%	0.49%	0.78%	0.1%	0.08%	0.5%	-0.44%
D&A (Non-Cash Add-back)	4.76B	236.54M	520M	1.41B	3.65B	4.92B	6.32B	7.06B	7.66B	9.23B
EBIT	-15.67B	3.86B	14.14B	33.89B	48.8B	88.2B	99.42B	110.01B	168.86B	106.48B
Net Interest Income+	671M	522M	541M	807M	1.35B	902M	1.27B	4.37B	11.33B	16.92B
Interest Income	671M	522M	554M	819M	1.63B	1.09B	1.38B	4.5B	11.49B	17.06B
Interest Expense	0	0	13M	12M	277M	186M	115M	127M	162M	135M
Other Income/Expense	1.55B	-7M	423M	550M	2.45B	-357M	2.58B	5.17B	8.33B	20.96B
Pretax Income+	-15.68B	2.48B	14.46B	34.44B	51.26B	88.01B	99.3B	109.88B	168.7B	106.35B
Pretax Margin %	-0.44%	0.07%	0.1%	0.12%	0.14%	0.22%	0.24%	0.24%	0.23%	0.21%
Income Tax+	1.35B	3.22B	1.14B	3.05B	11.53B	25.45B	33.42B	26.82B	36.72B	21.45B
Effective Tax Rate %	1.08%	-0.3%	0.92%	0.91%	0.78%	0.71%	0.66%	0.76%	0.78%	0.8%
Net Income+	-16.96B	-736.6M	13.32B	31.44B	39.88B	62.7B	65.95B	83.16B	132.02B	84.92B
Net Margin %	-0.48%	-0.02%	0.09%	0.11%	0.11%	0.15%	0.16%	0.18%	0.18%	0.17%
Net Income Growth %	0.15%	0.96%	19.08%	1.36%	0.27%	0.57%	0.05%	0.26%	0.59%	-0.36%
Net Income (Continuing)	-17.03B	587M	13.31B	31.39B	39.73B	62.56B	65.88B	83.06B	131.98B	84.9B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-491M	-562M	-561.73M	-605.96M	191.41K	437.14M	769.95M	653M	641M	691M
EPS (Diluted)+	-2441.39	-106.00	1917.00	4524.86	5738.46	9023.00	9490.00	11968.00	18998.00	12221.00
EPS Growth %	0.15%	0.96%	19.08%	1.36%	0.27%	0.57%	0.05%	0.26%	0.59%	-0.36%
EPS (Basic)	-2441.39	-106.00	1917.00	4524.86	5738.46	9023.00	9490.00	11968.00	18998.00	12221.00
Diluted Shares Outstanding	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M
Basic Shares Outstanding	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	43.68B	48.5B	108.87B	160.17B	134.78M	246.59B	306.13B	421.77B	546.9B	653.61B
Cash & Short-Term Investments	36.41B	35.5B	61.6B	95.55B	102.84M	182.45B	247.7B	340.25B	465.74B	559.8B
Cash Only	24.91B	14B	39.1B	86.05B	68.68M	110.63B	99.1B	169.88B	184.08B	228.9B
Short-Term Investments	11.5B	21.5B	22.5B	9.5B	34.16M	71.82B	148.6B	170.37B	281.65B	330.91B
Accounts Receivable	5.45B	12.53B	42.87B	60.8B	27.94M	59.77B	52.62B	77.4B	74.85B	82.72B
Days Sales Outstanding	55.77	130.81	110.48	77.38	0.03	53.74	46.39	60.93	37.66	60.29
Inventory	982M	1.21B	3.03B	2.52B	0	2.24B	3.16B	0	0	0
Days Inventory Outstanding	11.84	31.4	11.72	4.37	-	3.42	5.15	-	-	-
Other Current Assets	996M	1.13B	4.31B	3.34B	2.3M	-114.3M	349.8M	791M	3.32B	2.97B
Total Non-Current Assets+	2.05B	3.68B	7.01B	13.01B	16.92M	18.79B	21.39B	22.33B	31.28B	32.85B
Property, Plant & Equipment	882M	320.56M	945.94M	1.5B	5.76M	7.7B	11.34B	8.14B	10.15B	9.96B
Fixed Asset Turnover	40.43x	109.06x	149.72x	191.37x	62646.35x	52.76x	36.51x	56.96x	71.47x	50.30x
Goodwill	0	0	49K	0	0	0	28K	0	0	0
Intangible Assets	132M	132.87M	1.04B	1.16B	1.48M	3.36B	3.34B	3.87B	6.37B	7.06B
Long-Term Investments	0	1.7B	1.39B	1.49B	1.53M	1.32B	3.02B	2.18B	1.82B	1.77B
Other Non-Current Assets	1.04B	601.08M	599.77M	1.44B	1.51M	2.81B	1.97B	2.48B	6.99B	8.45B
Total Assets+	45.73B	52.18B	115.88B	173.17B	151.69M	265.37B	327.53B	444.09B	578.18B	686.46B
Asset Turnover	0.78x	0.67x	1.22x	1.66x	2379.59x	1.53x	1.26x	1.04x	1.25x	0.73x
Asset Growth %	-0.28%	0.14%	1.22%	0.49%	-1%	1748.4%	0.23%	0.36%	0.3%	0.19%
Total Current Liabilities+	8.8B	16.38B	64.74B	93.52B	48.24M	82.72B	74B	105.71B	106.43B	108.65B
Accounts Payable	2.97B	9.72B	44.41B	71.93B	32.42M	52.69B	41.2B	73.55B	61.78B	67.93B
Days Payables Outstanding	35.81	252.51	172.01	124.99	0.04	80.45	67.08	100.41	46.5	80.79
Short-Term Debt	0	0	0	0	1.72M	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.32B	-4.3B	19.3B	20.56B	2.54M	14.98B	17.83B	2.91B	4.25B	3.21B
Current Ratio	4.96x	2.96x	1.68x	1.71x	2.79x	2.98x	4.14x	3.99x	5.14x	6.02x
Quick Ratio	4.85x	2.89x	1.63x	1.69x	2.79x	2.95x	4.09x	3.99x	5.14x	6.02x
Cash Conversion Cycle	31.8	-90.31	-49.81	-43.24	-	-23.29	-15.53	-	-	-
Total Non-Current Liabilities+	6.93B	3.8B	7.14B	4.1B	3.35M	5.3B	6.69B	8.2B	8.02B	9.45B
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	2.6M	3.25B	5.12B	0	0	0
Deferred Tax Liabilities	0	0	0	0	4.08K	-3.25B	-5.12B	2.83B	2.38B	1.29B
Other Non-Current Liabilities	6.93B	330.82M	7.14B	4.1B	657.73K	5.3B	6.59B	5.34B	3.85B	5.58B
Total Liabilities	15.74B	20.18B	71.88B	97.62B	51.59M	88.02B	80.69B	113.91B	114.45B	118.1B
Total Debt+	0	0	0	0	4.32M	3.25B	5.12B	0	0	0
Net Debt	-24.91B	-14B	-39.1B	-86.05B	-64.36M	-107.39B	-93.98B	-169.88B	-184.08B	-228.9B
Debt / Equity	-	-	-	-	0.04x	0.02x	0.02x	-	-	-
Debt / EBITDA	-	-	-	-	0.00x	0.03x	0.05x	-	-	-
Net Debt / EBITDA	-	-2.36x	-2.67x	-2.44x	-0.00x	-1.15x	-0.91x	-1.52x	-1.10x	-2.42x
Interest Coverage	-	-	1087.57x	2824.12x	176.18x	475.10x	841.03x	824.47x	989.92x	632.47x
Total Equity+	29.99B	31.44B	44B	75.55B	100.1M	177.35B	246.84B	330.18B	463.73B	568.36B
Equity Growth %	-0.39%	0.05%	0.4%	0.72%	-1%	1770.63%	0.39%	0.34%	0.4%	0.23%
Book Value per Share	4316.08	4524.04	6332.66	10872.48	14.41	25521.37	35521.78	47514.75	66733.06	81790.62
Total Shareholders' Equity	30.48B	32B	44.56B	76.16B	99.91M	176.91B	246.07B	329.53B	463.09B	567.67B
Common Stock	3.47B	3.47B	3.47B	3.47B	3M	3.47B	3.47B	3.47B	3.47B	3.47B
Retained Earnings	-48.76B	-736.6M	13.96B	45.4B	73.21M	147.37B	213.32B	296.48B	428.5B	513.42B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	694M	1.06B	-39.68M	138.43M	237.4K	0	2.18B	0	0	0
Minority Interest	-491M	-562M	-561.73M	-605.96M	191.41K	437.14M	769.95M	653M	641M	691M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-5.98B	3.07B	26.14B	35.97B	26.37B	69.86B	74.18B	98.28B	132.43B	78.56B
Operating CF Margin %	-0.17%	0.09%	0.18%	0.13%	0.07%	0.17%	0.18%	0.21%	0.18%	0.16%
Operating CF Growth %	-0.2%	1.51%	7.52%	0.38%	-0.27%	1.65%	0.06%	0.32%	0.35%	-0.41%
Net Income	-17.03B	-736.6M	13.31B	31.39B	39.73B	62.56B	65.88B	83.06B	132.02B	84.9B
Depreciation & Amortization	4.76B	236.54M	520M	1.41B	3.65B	4.92B	6.32B	7.06B	7.66B	9.23B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	1.14B	3.05B	11.53B	25.46B	33.42B	26.82B	36.72B	21.45B
Other Non-Cash Items	5.11B	3.99B	2B	-819.4M	-11.33B	-10.12B	-28.55B	-28.92B	-38.93B	-33.2B
Working Capital Changes	1.18B	-424.91M	12.88B	6.7B	-17.21B	-12.95B	-2.88B	10.25B	-5.03B	-3.82B
Change in Receivables	24M	-6.32B	-27.79B	-18.57B	30.14B	-29.12B	5.53B	-38.2B	2.36B	862M
Change in Inventory	569M	-1.84B	-7.26B	1.12B	1.31B	-2.81B	-1.77B	0	0	0
Change in Payables	102M	1.58B	35.05B	27.32B	-37.15B	15.51B	-8.51B	43.9B	-13.84B	-2.88B
Cash from Investing+	2.6B	-11.25B	-2.98B	10.82B	-32.53B	-36.05B	-82.47B	-22.34B	-116.58B	-47.03B
Capital Expenditures	-418M	-98.5M	-2.06B	-2.25B	-2.34B	-3.7B	-4.21B	-2.8B	-2.46B	-614M
CapEx % of Revenue	0.01%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2M	-1.16B	1.17B	72.65M	-1.27B	-2.62B	-2.44B	14.41M	-3.32B	-4.14B
Cash from Financing+	-117M	-5M	-544K	-197.16M	-1.69B	-2.55B	-3.31B	-3.92B	-4.08B	-4.64B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-5M	0	0	348M	345.75M	341.98M	23K	0	-116M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.4B	2.97B	24.07B	33.72B	24.03B	66.16B	69.97B	95.48B	126.63B	73.79B
FCF Margin %	-0.18%	0.08%	0.17%	0.12%	0.07%	0.16%	0.17%	0.21%	0.17%	0.15%
FCF Growth %	-0.15%	1.46%	7.11%	0.4%	-0.29%	1.75%	0.06%	0.36%	0.33%	-0.42%
FCF per Share	-920.43	427.37	3464.72	4852.88	3457.82	9520.94	10069.31	13740.63	18223.05	10619.37
FCF Conversion (FCF/Net Income)	0.35x	-4.17x	1.96x	1.14x	0.66x	1.11x	1.12x	1.18x	1.00x	0.93x
Interest Paid	4M	0	0	0	0	0	0	0	0	0
Taxes Paid	1.28B	3.19B	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-42.99%	-2.4%	35.31%	52.6%	105.42%	70.67%	31.09%	28.82%	33.26%	16.46%
Return on Invested Capital (ROIC)	-98.75%	37.89%	94.91%	-	102410.84%	189.36%	65.11%	50.15%	54.68%	20.69%
Gross Margin	15.08%	59.8%	33.46%	26.76%	26.37%	41.12%	45.84%	42.33%	33.16%	38.72%
Net Margin	-47.57%	-2.11%	9.4%	10.96%	11.05%	15.45%	15.93%	17.94%	18.2%	16.96%
Debt / Equity	-	-	-	-	0.04x	0.02x	0.02x	-	-	-
Interest Coverage	-	-	1087.57x	2824.12x	176.18x	475.10x	841.03x	824.47x	989.92x	632.47x
FCF Conversion	0.35x	-4.17x	1.96x	1.14x	0.66x	1.11x	1.12x	1.18x	1.00x	0.93x
Revenue Growth	0.84%	-1.96%	305.1%	102.49%	25.87%	12.46%	1.97%	12%	56.49%	-30.97%

Revenue by Segment

	2014	2015	2016	2018	2019	2020	2021	2022	2023	2024
Royalties And License Fees	-	-	-	-	-	59.8B	166.51B	106.26B	71.39B	72.71B
Royalties And License Fees Growth	-	-	-	-	-	-	178.44%	-36.18%	-32.82%	1.85%
Other Service Contract	-	-	-	-	16.74B	18.08B	18.4B	15.59B	14.89B	18.18B
Other Service Contract Growth	-	-	-	-	-	8.02%	1.77%	-15.29%	-4.46%	22.05%
Subscription Contract	-	-	-	-	310.01B	-	-	-	-	-
Subscription Contract Growth	-	-	-	-	-	-	-	-	-	-
Licensing Contract	-	-	-	-	34.22B	-	-	-	-	-
Licensing Contract Growth	-	-	-	-	-	-	-	-	-	-
Online Game Software	-	18.15B	36.35B	-	-	-	-	-	-	-
Online Game Software Growth	-	-	100.33%	-	-	-	-	-	-	-
Mobile Games	-	15.35B	14B	-	-	-	-	-	-	-
Mobile Games Growth	-	-	-8.78%	-	-	-	-	-	-	-
Others	-	3.83B	4.29B	-	-	-	-	-	-	-
Others Growth	-	-	12.06%	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2018	2019	2020	2021	2022	2023	2024
TAIWAN	-	-	-	-	-	-	-	175.66B	176.07B	114.41B
TAIWAN Growth	-	-	-	-	-	-	-	-	0.23%	-35.02%
THAILAND	-	958M	2.26B	-	62.04B	59.09B	94.47B	75.5B	136.87B	61.78B
THAILAND Growth	-	-	136.12%	-	-	-4.77%	59.89%	-20.09%	81.29%	-54.86%
PHILIPPINES	-	-	-	-	30.95B	23.69B	20.17B	26B	102.59B	58.93B
PHILIPPINES Growth	-	-	-	-	-	-23.46%	-14.85%	28.90%	294.55%	-42.56%
Others	-	-	-	18.66B	64.7B	57.34B	45.78B	25.2B	42.24B	56.65B
Others Growth	-	-	-	-	246.65%	-11.36%	-20.17%	-44.94%	67.61%	34.10%
KOREA, REPUBLIC OF	-	18.19B	14.77B	-	45.27B	109.89B	73.75B	46.72B	86.06B	53.14B
KOREA, REPUBLIC OF Growth	-	-	-18.80%	-	-	142.74%	-32.89%	-36.65%	84.20%	-38.25%
UNITED STATES	-	-	-	-	55.06B	20.66B	20.89B	33.7B	22.7B	34.65B
UNITED STATES Growth	-	-	-	-	-	-62.48%	1.14%	61.28%	-32.63%	52.64%
INDONESIA	-	-	-	-	-	-	-	5.47B	58.76B	32.37B
INDONESIA Growth	-	-	-	-	-	-	-	-	973.89%	-44.91%
BRAZIL	-	452M	529M	-	-	-	-	-	-	26.43B
BRAZIL Growth	-	-	17.04%	-	-	-	-	-	-	-
MALAYSIA	-	-	-	-	-	-	30.42B	24.83B	58.55B	26.36B
MALAYSIA Growth	-	-	-	-	-	-	-	-18.38%	135.82%	-54.98%
JAPAN	-	7.78B	9.27B	9.77B	28.47B	22.5B	40.26B	26.13B	19B	18.86B
JAPAN Growth	-	-	19.19%	5.32%	191.48%	-20.97%	78.93%	-35.09%	-27.30%	-0.75%
HONG KONG	-	-	-	-	-	-	-	24.4B	22.66B	17.25B
HONG KONG Growth	-	-	-	-	-	-	-	-	-7.14%	-23.84%
TAIWAN, PROVINCE OF CHINA	-	-	-	-	52.12B	100.05B	77.46B	-	-	-
TAIWAN, PROVINCE OF CHINA Growth	-	-	-	-	-	91.97%	-22.58%	-	-	-
IDAHO	-	-	-	-	22.36B	12.73B	10.72B	-	-	-
IDAHO Growth	-	-	-	-	-	-43.06%	-15.76%	-	-	-
Countries _ Taiwan And Hong Kong Macau	-	2.76B	16.7B	-	-	-	-	-	-	-
Countries _ Taiwan And Hong Kong Macau Growth	-	-	504.60%	-	-	-	-	-	-	-
Countries _ United States And Canada	-	3.62B	5.13B	-	-	-	-	-	-	-
Countries _ United States And Canada Growth	-	-	41.56%	-	-	-	-	-	-	-
CHINA	-	1.04B	2.32B	-	-	-	-	-	-	-
CHINA Growth	-	-	122.20%	-	-	-	-	-	-	-
Other Country	1.44B	619M	266M	-	-	-	-	-	-	-
Other Country Growth	-	-56.92%	-57.03%	-	-	-	-	-	-	-
Europe	300M	203M	138M	-	-	-	-	-	-	-
Europe Growth	-	-32.33%	-32.02%	-	-	-	-	-	-	-
K	19.47B	-	-	-	-	-	-	-	-	-
K Growth	-	-	-	-	-	-	-	-	-	-
J	8.51B	-	-	-	-	-	-	-	-	-
J Growth	-	-	-	-	-	-	-	-	-	-
Countries_ United States And Canada	5.04B	-	-	-	-	-	-	-	-	-
Countries_ United States And Canada Growth	-	-	-	-	-	-	-	-	-	-
Countris_ Taiwan And Hong Kong Macau	2.31B	-	-	-	-	-	-	-	-	-
Countris_ Taiwan And Hong Kong Macau Growth	-	-	-	-	-	-	-	-	-	-
T	1.28B	-	-	-	-	-	-	-	-	-
T Growth	-	-	-	-	-	-	-	-	-	-
C	749M	-	-	-	-	-	-	-	-	-
C Growth	-	-	-	-	-	-	-	-	-	-
R	123M	-	-	-	-	-	-	-	-	-
R Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Gravity Co., Ltd. (GRVY) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Gravity Co., Ltd. (GRVY) reported $561.99B in revenue for fiscal year 2024. This represents a 1297% increase from $40.22B in 2011.

Gravity Co., Ltd. (GRVY) saw revenue decline by 31.0% over the past year.

Yes, Gravity Co., Ltd. (GRVY) is profitable, generating $80.77B in net income for fiscal year 2024 (17.0% net margin).

Dividend & Returns

Gravity Co., Ltd. (GRVY) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

Gravity Co., Ltd. (GRVY) generated $73.79B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Gravity Co., Ltd. (GRVY) 10-Year Financial Performance & Capital Metrics

GRVY • • Industrial / General

TechnologyGaming & MultimediaGame Development & PublishingMMO & Online Game Specialists

Revenue $500.85B -31.0%
EBITDA $94.62B -43.7%
Net Income $84.92B -35.7%
EPS (Diluted) 12221.00 -35.7%
Gross Margin 38.72% +16.8%
EBITDA Margin 18.89% -18.4%
Operating Margin 17.05% -22.9%
Net Margin 16.96% -6.8%
ROE 16.46% -50.5%
ROIC 20.69% -62.2%
Debt/Equity -
Interest Coverage 632.47 -36.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 26.2%
✓Strong 5Y profit CAGR of 16.3%
✓Healthy 5Y average net margin of 16.9%
✓Trading at only 0.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y30.35%

5Y6.77%

3Y6.56%

TTM1.75%

Profit (Net Income) CAGR

10Y-

5Y16.32%

3Y8.79%

TTM-10.23%

EPS CAGR

10Y-

5Y16.32%

3Y8.8%

TTM-10.24%

ROCE

10Y Avg41.69%

5Y Avg46.46%

3Y Avg30.41%

Latest16.27%

Peer Comparison

MMO & Online Game Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GRVYGravity Co., Ltd.	432.5M	62.24	0.01	-30.97%	14.37%	13.54%	100%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	35.66B	34.96B	141.62B	286.77B	360.97B	405.95B	413.94B	463.62B	725.52B	500.85B
Revenue Growth %	0.01%	-0.02%	3.05%	1.02%	0.26%	0.12%	0.02%	0.12%	0.56%	-0.31%
Cost of Goods Sold+	30.28B	14.05B	94.23B	210.04B	265.79B	239.04B	224.17B	267.37B	484.96B	306.9B
COGS % of Revenue	0.85%	0.4%	0.67%	0.73%	0.74%	0.59%	0.54%	0.58%	0.67%	0.61%
Gross Profit+	5.38B	20.91B	47.39B	76.73B	95.18B	166.91B	189.76B	196.25B	240.56B	193.94B
Gross Margin %	0.15%	0.6%	0.33%	0.27%	0.26%	0.41%	0.46%	0.42%	0.33%	0.39%
Gross Profit Growth %	0.13%	2.89%	1.27%	0.62%	0.24%	0.75%	0.14%	0.03%	0.23%	-0.19%
Operating Expenses+	16.76B	15.22B	33.25B	42.84B	46.34B	78.54B	93.05B	91.55B	80.19B	108.56B
OpEx % of Revenue	0.47%	0.44%	0.23%	0.15%	0.13%	0.19%	0.22%	0.2%	0.11%	0.22%
Selling, General & Admin	11.48B	15.22B	27.79B	34.94B	35.37B	60.38B	72.53B	72.78B	59.95B	85.92B
SG&A % of Revenue	0.32%	0.44%	0.2%	0.12%	0.1%	0.15%	0.18%	0.16%	0.08%	0.17%
Research & Development	5.28B	1.97B	5.24B	7.08B	9.5B	15.03B	16.57B	13.8B	13.49B	15.26B
R&D % of Revenue	0.15%	0.06%	0.04%	0.02%	0.03%	0.04%	0.04%	0.03%	0.02%	0.03%
Other Operating Expenses	0	290.58M	-64.87M	92.04M	1.47B	3.13B	3.94B	4.97B	6.75B	7.38B
Operating Income+	-17.23B	5.69B	14.14B	33.89B	48.8B	88.37B	96.72B	104.71B	160.37B	85.38B
Operating Margin %	-0.48%	0.16%	0.1%	0.12%	0.14%	0.22%	0.23%	0.23%	0.22%	0.17%
Operating Income Growth %	-0.55%	1.33%	1.48%	1.4%	0.44%	0.81%	0.09%	0.08%	0.53%	-0.47%
EBITDA+	-12.47B	5.93B	14.66B	35.3B	52.46B	93.29B	103.04B	111.77B	168.03B	94.62B
EBITDA Margin %	-0.35%	0.17%	0.1%	0.12%	0.15%	0.23%	0.25%	0.24%	0.23%	0.19%
EBITDA Growth %	-1.2%	1.48%	1.47%	1.41%	0.49%	0.78%	0.1%	0.08%	0.5%	-0.44%
D&A (Non-Cash Add-back)	4.76B	236.54M	520M	1.41B	3.65B	4.92B	6.32B	7.06B	7.66B	9.23B
EBIT	-15.67B	3.86B	14.14B	33.89B	48.8B	88.2B	99.42B	110.01B	168.86B	106.48B
Net Interest Income+	671M	522M	541M	807M	1.35B	902M	1.27B	4.37B	11.33B	16.92B
Interest Income	671M	522M	554M	819M	1.63B	1.09B	1.38B	4.5B	11.49B	17.06B
Interest Expense	0	0	13M	12M	277M	186M	115M	127M	162M	135M
Other Income/Expense	1.55B	-7M	423M	550M	2.45B	-357M	2.58B	5.17B	8.33B	20.96B
Pretax Income+	-15.68B	2.48B	14.46B	34.44B	51.26B	88.01B	99.3B	109.88B	168.7B	106.35B
Pretax Margin %	-0.44%	0.07%	0.1%	0.12%	0.14%	0.22%	0.24%	0.24%	0.23%	0.21%
Income Tax+	1.35B	3.22B	1.14B	3.05B	11.53B	25.45B	33.42B	26.82B	36.72B	21.45B
Effective Tax Rate %	1.08%	-0.3%	0.92%	0.91%	0.78%	0.71%	0.66%	0.76%	0.78%	0.8%
Net Income+	-16.96B	-736.6M	13.32B	31.44B	39.88B	62.7B	65.95B	83.16B	132.02B	84.92B
Net Margin %	-0.48%	-0.02%	0.09%	0.11%	0.11%	0.15%	0.16%	0.18%	0.18%	0.17%
Net Income Growth %	0.15%	0.96%	19.08%	1.36%	0.27%	0.57%	0.05%	0.26%	0.59%	-0.36%
Net Income (Continuing)	-17.03B	587M	13.31B	31.39B	39.73B	62.56B	65.88B	83.06B	131.98B	84.9B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-491M	-562M	-561.73M	-605.96M	191.41K	437.14M	769.95M	653M	641M	691M
EPS (Diluted)+	-2441.39	-106.00	1917.00	4524.86	5738.46	9023.00	9490.00	11968.00	18998.00	12221.00
EPS Growth %	0.15%	0.96%	19.08%	1.36%	0.27%	0.57%	0.05%	0.26%	0.59%	-0.36%
EPS (Basic)	-2441.39	-106.00	1917.00	4524.86	5738.46	9023.00	9490.00	11968.00	18998.00	12221.00
Diluted Shares Outstanding	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M
Basic Shares Outstanding	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M	6.95M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	43.68B	48.5B	108.87B	160.17B	134.78M	246.59B	306.13B	421.77B	546.9B	653.61B
Cash & Short-Term Investments	36.41B	35.5B	61.6B	95.55B	102.84M	182.45B	247.7B	340.25B	465.74B	559.8B
Cash Only	24.91B	14B	39.1B	86.05B	68.68M	110.63B	99.1B	169.88B	184.08B	228.9B
Short-Term Investments	11.5B	21.5B	22.5B	9.5B	34.16M	71.82B	148.6B	170.37B	281.65B	330.91B
Accounts Receivable	5.45B	12.53B	42.87B	60.8B	27.94M	59.77B	52.62B	77.4B	74.85B	82.72B
Days Sales Outstanding	55.77	130.81	110.48	77.38	0.03	53.74	46.39	60.93	37.66	60.29
Inventory	982M	1.21B	3.03B	2.52B	0	2.24B	3.16B	0	0	0
Days Inventory Outstanding	11.84	31.4	11.72	4.37	-	3.42	5.15	-	-	-
Other Current Assets	996M	1.13B	4.31B	3.34B	2.3M	-114.3M	349.8M	791M	3.32B	2.97B
Total Non-Current Assets+	2.05B	3.68B	7.01B	13.01B	16.92M	18.79B	21.39B	22.33B	31.28B	32.85B
Property, Plant & Equipment	882M	320.56M	945.94M	1.5B	5.76M	7.7B	11.34B	8.14B	10.15B	9.96B
Fixed Asset Turnover	40.43x	109.06x	149.72x	191.37x	62646.35x	52.76x	36.51x	56.96x	71.47x	50.30x
Goodwill	0	0	49K	0	0	0	28K	0	0	0
Intangible Assets	132M	132.87M	1.04B	1.16B	1.48M	3.36B	3.34B	3.87B	6.37B	7.06B
Long-Term Investments	0	1.7B	1.39B	1.49B	1.53M	1.32B	3.02B	2.18B	1.82B	1.77B
Other Non-Current Assets	1.04B	601.08M	599.77M	1.44B	1.51M	2.81B	1.97B	2.48B	6.99B	8.45B
Total Assets+	45.73B	52.18B	115.88B	173.17B	151.69M	265.37B	327.53B	444.09B	578.18B	686.46B
Asset Turnover	0.78x	0.67x	1.22x	1.66x	2379.59x	1.53x	1.26x	1.04x	1.25x	0.73x
Asset Growth %	-0.28%	0.14%	1.22%	0.49%	-1%	1748.4%	0.23%	0.36%	0.3%	0.19%
Total Current Liabilities+	8.8B	16.38B	64.74B	93.52B	48.24M	82.72B	74B	105.71B	106.43B	108.65B
Accounts Payable	2.97B	9.72B	44.41B	71.93B	32.42M	52.69B	41.2B	73.55B	61.78B	67.93B
Days Payables Outstanding	35.81	252.51	172.01	124.99	0.04	80.45	67.08	100.41	46.5	80.79
Short-Term Debt	0	0	0	0	1.72M	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	5.32B	-4.3B	19.3B	20.56B	2.54M	14.98B	17.83B	2.91B	4.25B	3.21B
Current Ratio	4.96x	2.96x	1.68x	1.71x	2.79x	2.98x	4.14x	3.99x	5.14x	6.02x
Quick Ratio	4.85x	2.89x	1.63x	1.69x	2.79x	2.95x	4.09x	3.99x	5.14x	6.02x
Cash Conversion Cycle	31.8	-90.31	-49.81	-43.24	-	-23.29	-15.53	-	-	-
Total Non-Current Liabilities+	6.93B	3.8B	7.14B	4.1B	3.35M	5.3B	6.69B	8.2B	8.02B	9.45B
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	2.6M	3.25B	5.12B	0	0	0
Deferred Tax Liabilities	0	0	0	0	4.08K	-3.25B	-5.12B	2.83B	2.38B	1.29B
Other Non-Current Liabilities	6.93B	330.82M	7.14B	4.1B	657.73K	5.3B	6.59B	5.34B	3.85B	5.58B
Total Liabilities	15.74B	20.18B	71.88B	97.62B	51.59M	88.02B	80.69B	113.91B	114.45B	118.1B
Total Debt+	0	0	0	0	4.32M	3.25B	5.12B	0	0	0
Net Debt	-24.91B	-14B	-39.1B	-86.05B	-64.36M	-107.39B	-93.98B	-169.88B	-184.08B	-228.9B
Debt / Equity	-	-	-	-	0.04x	0.02x	0.02x	-	-	-
Debt / EBITDA	-	-	-	-	0.00x	0.03x	0.05x	-	-	-
Net Debt / EBITDA	-	-2.36x	-2.67x	-2.44x	-0.00x	-1.15x	-0.91x	-1.52x	-1.10x	-2.42x
Interest Coverage	-	-	1087.57x	2824.12x	176.18x	475.10x	841.03x	824.47x	989.92x	632.47x
Total Equity+	29.99B	31.44B	44B	75.55B	100.1M	177.35B	246.84B	330.18B	463.73B	568.36B
Equity Growth %	-0.39%	0.05%	0.4%	0.72%	-1%	1770.63%	0.39%	0.34%	0.4%	0.23%
Book Value per Share	4316.08	4524.04	6332.66	10872.48	14.41	25521.37	35521.78	47514.75	66733.06	81790.62
Total Shareholders' Equity	30.48B	32B	44.56B	76.16B	99.91M	176.91B	246.07B	329.53B	463.09B	567.67B
Common Stock	3.47B	3.47B	3.47B	3.47B	3M	3.47B	3.47B	3.47B	3.47B	3.47B
Retained Earnings	-48.76B	-736.6M	13.96B	45.4B	73.21M	147.37B	213.32B	296.48B	428.5B	513.42B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	694M	1.06B	-39.68M	138.43M	237.4K	0	2.18B	0	0	0
Minority Interest	-491M	-562M	-561.73M	-605.96M	191.41K	437.14M	769.95M	653M	641M	691M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-5.98B	3.07B	26.14B	35.97B	26.37B	69.86B	74.18B	98.28B	132.43B	78.56B
Operating CF Margin %	-0.17%	0.09%	0.18%	0.13%	0.07%	0.17%	0.18%	0.21%	0.18%	0.16%
Operating CF Growth %	-0.2%	1.51%	7.52%	0.38%	-0.27%	1.65%	0.06%	0.32%	0.35%	-0.41%
Net Income	-17.03B	-736.6M	13.31B	31.39B	39.73B	62.56B	65.88B	83.06B	132.02B	84.9B
Depreciation & Amortization	4.76B	236.54M	520M	1.41B	3.65B	4.92B	6.32B	7.06B	7.66B	9.23B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	1.14B	3.05B	11.53B	25.46B	33.42B	26.82B	36.72B	21.45B
Other Non-Cash Items	5.11B	3.99B	2B	-819.4M	-11.33B	-10.12B	-28.55B	-28.92B	-38.93B	-33.2B
Working Capital Changes	1.18B	-424.91M	12.88B	6.7B	-17.21B	-12.95B	-2.88B	10.25B	-5.03B	-3.82B
Change in Receivables	24M	-6.32B	-27.79B	-18.57B	30.14B	-29.12B	5.53B	-38.2B	2.36B	862M
Change in Inventory	569M	-1.84B	-7.26B	1.12B	1.31B	-2.81B	-1.77B	0	0	0
Change in Payables	102M	1.58B	35.05B	27.32B	-37.15B	15.51B	-8.51B	43.9B	-13.84B	-2.88B
Cash from Investing+	2.6B	-11.25B	-2.98B	10.82B	-32.53B	-36.05B	-82.47B	-22.34B	-116.58B	-47.03B
Capital Expenditures	-418M	-98.5M	-2.06B	-2.25B	-2.34B	-3.7B	-4.21B	-2.8B	-2.46B	-614M
CapEx % of Revenue	0.01%	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2M	-1.16B	1.17B	72.65M	-1.27B	-2.62B	-2.44B	14.41M	-3.32B	-4.14B
Cash from Financing+	-117M	-5M	-544K	-197.16M	-1.69B	-2.55B	-3.31B	-3.92B	-4.08B	-4.64B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-5M	0	0	348M	345.75M	341.98M	23K	0	-116M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.4B	2.97B	24.07B	33.72B	24.03B	66.16B	69.97B	95.48B	126.63B	73.79B
FCF Margin %	-0.18%	0.08%	0.17%	0.12%	0.07%	0.16%	0.17%	0.21%	0.17%	0.15%
FCF Growth %	-0.15%	1.46%	7.11%	0.4%	-0.29%	1.75%	0.06%	0.36%	0.33%	-0.42%
FCF per Share	-920.43	427.37	3464.72	4852.88	3457.82	9520.94	10069.31	13740.63	18223.05	10619.37
FCF Conversion (FCF/Net Income)	0.35x	-4.17x	1.96x	1.14x	0.66x	1.11x	1.12x	1.18x	1.00x	0.93x
Interest Paid	4M	0	0	0	0	0	0	0	0	0
Taxes Paid	1.28B	3.19B	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-42.99%	-2.4%	35.31%	52.6%	105.42%	70.67%	31.09%	28.82%	33.26%	16.46%
Return on Invested Capital (ROIC)	-98.75%	37.89%	94.91%	-	102410.84%	189.36%	65.11%	50.15%	54.68%	20.69%
Gross Margin	15.08%	59.8%	33.46%	26.76%	26.37%	41.12%	45.84%	42.33%	33.16%	38.72%
Net Margin	-47.57%	-2.11%	9.4%	10.96%	11.05%	15.45%	15.93%	17.94%	18.2%	16.96%
Debt / Equity	-	-	-	-	0.04x	0.02x	0.02x	-	-	-
Interest Coverage	-	-	1087.57x	2824.12x	176.18x	475.10x	841.03x	824.47x	989.92x	632.47x
FCF Conversion	0.35x	-4.17x	1.96x	1.14x	0.66x	1.11x	1.12x	1.18x	1.00x	0.93x
Revenue Growth	0.84%	-1.96%	305.1%	102.49%	25.87%	12.46%	1.97%	12%	56.49%	-30.97%

Revenue by Segment

	2014	2015	2016	2018	2019	2020	2021	2022	2023	2024
Royalties And License Fees	-	-	-	-	-	59.8B	166.51B	106.26B	71.39B	72.71B
Royalties And License Fees Growth	-	-	-	-	-	-	178.44%	-36.18%	-32.82%	1.85%
Other Service Contract	-	-	-	-	16.74B	18.08B	18.4B	15.59B	14.89B	18.18B
Other Service Contract Growth	-	-	-	-	-	8.02%	1.77%	-15.29%	-4.46%	22.05%
Subscription Contract	-	-	-	-	310.01B	-	-	-	-	-
Subscription Contract Growth	-	-	-	-	-	-	-	-	-	-
Licensing Contract	-	-	-	-	34.22B	-	-	-	-	-
Licensing Contract Growth	-	-	-	-	-	-	-	-	-	-
Online Game Software	-	18.15B	36.35B	-	-	-	-	-	-	-
Online Game Software Growth	-	-	100.33%	-	-	-	-	-	-	-
Mobile Games	-	15.35B	14B	-	-	-	-	-	-	-
Mobile Games Growth	-	-	-8.78%	-	-	-	-	-	-	-
Others	-	3.83B	4.29B	-	-	-	-	-	-	-
Others Growth	-	-	12.06%	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2016	2018	2019	2020	2021	2022	2023	2024
TAIWAN	-	-	-	-	-	-	-	175.66B	176.07B	114.41B
TAIWAN Growth	-	-	-	-	-	-	-	-	0.23%	-35.02%
THAILAND	-	958M	2.26B	-	62.04B	59.09B	94.47B	75.5B	136.87B	61.78B
THAILAND Growth	-	-	136.12%	-	-	-4.77%	59.89%	-20.09%	81.29%	-54.86%
PHILIPPINES	-	-	-	-	30.95B	23.69B	20.17B	26B	102.59B	58.93B
PHILIPPINES Growth	-	-	-	-	-	-23.46%	-14.85%	28.90%	294.55%	-42.56%
Others	-	-	-	18.66B	64.7B	57.34B	45.78B	25.2B	42.24B	56.65B
Others Growth	-	-	-	-	246.65%	-11.36%	-20.17%	-44.94%	67.61%	34.10%
KOREA, REPUBLIC OF	-	18.19B	14.77B	-	45.27B	109.89B	73.75B	46.72B	86.06B	53.14B
KOREA, REPUBLIC OF Growth	-	-	-18.80%	-	-	142.74%	-32.89%	-36.65%	84.20%	-38.25%
UNITED STATES	-	-	-	-	55.06B	20.66B	20.89B	33.7B	22.7B	34.65B
UNITED STATES Growth	-	-	-	-	-	-62.48%	1.14%	61.28%	-32.63%	52.64%
INDONESIA	-	-	-	-	-	-	-	5.47B	58.76B	32.37B
INDONESIA Growth	-	-	-	-	-	-	-	-	973.89%	-44.91%
BRAZIL	-	452M	529M	-	-	-	-	-	-	26.43B
BRAZIL Growth	-	-	17.04%	-	-	-	-	-	-	-
MALAYSIA	-	-	-	-	-	-	30.42B	24.83B	58.55B	26.36B
MALAYSIA Growth	-	-	-	-	-	-	-	-18.38%	135.82%	-54.98%
JAPAN	-	7.78B	9.27B	9.77B	28.47B	22.5B	40.26B	26.13B	19B	18.86B
JAPAN Growth	-	-	19.19%	5.32%	191.48%	-20.97%	78.93%	-35.09%	-27.30%	-0.75%
HONG KONG	-	-	-	-	-	-	-	24.4B	22.66B	17.25B
HONG KONG Growth	-	-	-	-	-	-	-	-	-7.14%	-23.84%
TAIWAN, PROVINCE OF CHINA	-	-	-	-	52.12B	100.05B	77.46B	-	-	-
TAIWAN, PROVINCE OF CHINA Growth	-	-	-	-	-	91.97%	-22.58%	-	-	-
IDAHO	-	-	-	-	22.36B	12.73B	10.72B	-	-	-
IDAHO Growth	-	-	-	-	-	-43.06%	-15.76%	-	-	-
Countries _ Taiwan And Hong Kong Macau	-	2.76B	16.7B	-	-	-	-	-	-	-
Countries _ Taiwan And Hong Kong Macau Growth	-	-	504.60%	-	-	-	-	-	-	-
Countries _ United States And Canada	-	3.62B	5.13B	-	-	-	-	-	-	-
Countries _ United States And Canada Growth	-	-	41.56%	-	-	-	-	-	-	-
CHINA	-	1.04B	2.32B	-	-	-	-	-	-	-
CHINA Growth	-	-	122.20%	-	-	-	-	-	-	-
Other Country	1.44B	619M	266M	-	-	-	-	-	-	-
Other Country Growth	-	-56.92%	-57.03%	-	-	-	-	-	-	-
Europe	300M	203M	138M	-	-	-	-	-	-	-
Europe Growth	-	-32.33%	-32.02%	-	-	-	-	-	-	-
K	19.47B	-	-	-	-	-	-	-	-	-
K Growth	-	-	-	-	-	-	-	-	-	-
J	8.51B	-	-	-	-	-	-	-	-	-
J Growth	-	-	-	-	-	-	-	-	-	-
Countries_ United States And Canada	5.04B	-	-	-	-	-	-	-	-	-
Countries_ United States And Canada Growth	-	-	-	-	-	-	-	-	-	-
Countris_ Taiwan And Hong Kong Macau	2.31B	-	-	-	-	-	-	-	-	-
Countris_ Taiwan And Hong Kong Macau Growth	-	-	-	-	-	-	-	-	-	-
T	1.28B	-	-	-	-	-	-	-	-	-
T Growth	-	-	-	-	-	-	-	-	-	-
C	749M	-	-	-	-	-	-	-	-	-
C Growth	-	-	-	-	-	-	-	-	-	-
R	123M	-	-	-	-	-	-	-	-	-
R Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Gravity Co., Ltd. (GRVY) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Gravity Co., Ltd. (GRVY) reported $561.99B in revenue for fiscal year 2024. This represents a 1297% increase from $40.22B in 2011.

Gravity Co., Ltd. (GRVY) saw revenue decline by 31.0% over the past year.

Yes, Gravity Co., Ltd. (GRVY) is profitable, generating $80.77B in net income for fiscal year 2024 (17.0% net margin).

Dividend & Returns

Gravity Co., Ltd. (GRVY) has a return on equity (ROE) of 16.5%. This is reasonable for most industries.

Gravity Co., Ltd. (GRVY) generated $73.79B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.