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Strategies & Market Trends : Value Investing
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From: Elroy11/13/2023 7:47:38 AM
1 Recommendation

Recommended By
stuffbug

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Gravity Reports Third Quarter of 2023 Results and Business Updates

finance.yahoo.com

Net income $21.5m

Cash up about $15m to $329m.

Market cap $430m.

So it's trading about 1x PE if you deduct the cash from the market cap.

Valuation of this company makes no sense to me.
If only they would pay 20% of net income as a dividend, I think the share price would likely go up at least 2x.

Somehow the decision makers don't care about the share price.....

--

Wow, I just read the press release, and their main game (I think) is launching in China in Q1 2024. Ok, THAT will attract attention.
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