企業概要
GDEV Inc. is a prominent entity within the Communication Services sector, specifically operating in the Electronic Gaming & Multimedia industry, where it focuses on the development and publication of online games across global markets including the United States, Europe, and Asia. The company's core product portfolio features titles such as Hero Wars and encompasses a diverse suite of games available on mobile, social, and web-based platforms, with a particular emphasis on the role-playing game genre. As of the latest reporting period, the company holds a market capitalization of $253.93M and generates annual revenue totaling $404.35M, while its employee count is listed as N/A in available records. These financial metrics suggest that GDEV operates as a mid-sized enterprise within its niche, possessing significant revenue generation capabilities relative to its market valuation, which indicates a position where earnings are currently driving value rather than market capitalization reflecting massive scale or speculative growth.
財務健全性
The company reported a trailing twelve-month revenue of $404.35M with a corresponding net income of $69.33M and an EBITDA of $76.15M, illustrating a cost structure where operating expenses reduce pre-tax earnings by approximately $7.82M after accounting for the difference between EBITDA and net income. The firm generated free cash flow of $18.93M, which demonstrates that despite substantial revenue, capital expenditures or working capital requirements absorb a significant portion of cash generation, limiting immediate liquidity available for expansion or shareholder returns. Profitability margins reveal a gross margin of 65.0%, indicating strong pricing power or low cost of goods sold relative to revenue, while an operating margin of 15.2% and a profit margin of 17.1% show that overhead costs and taxes erode a portion of gross profits before reaching the bottom line. On the balance sheet, cash reserves stand at $112.96M against a negligible debt load of $1.09M, and the debt-to-equity ratio is N/A, suggesting the company is not leveraged and maintains a conservative capital structure with minimal interest obligations. However, the current ratio stands at 0.67, which indicates that short-term current assets are insufficient to cover current liabilities, pointing to potential liquidity constraints in meeting obligations within a year. Additionally, the Return on Assets is recorded at 17.6%, whereas the Return on Equity is N/A due to the specific accounting treatment of equity relative to the company's financial structure, providing a clear view of how efficiently assets are utilized to generate earnings independent of leverage.
バリュエーション評価
Valuation metrics for GDEV Inc. show a trailing P/E ratio of 3.71 compared to a forward P/E of 10.36, implying that the market expects a significant increase in future earnings relative to current performance levels to justify the higher forward multiple. The price-to-book ratio is listed at -2.42, which indicates a negative book value situation often seen in companies with substantial intangible assets or accumulated losses that distort traditional valuation benchmarks against tangible book value. Alternative valuation measures include a price-to-sales ratio of 0.63 and an EV/EBITDA of 1.86, suggesting that the market prices the stock at a fraction of its sales revenue and with a very low enterprise value relative to earnings power. The stock has traded within a 52-week range between a low of $8.81 and a high of $42.20, and without the current price explicitly provided in the facts, the relative trading position within this historical range cannot be precisely quantified other than noting the wide volatility captured by the spread. The beta of 1.23 signifies that the stock price is expected to be more volatile than the broader market, moving approximately 23% more than the market index during periods of fluctuation.
Growth & Income
Revenue growth year-over-year declined by -7.9%, while earnings growth is listed as N/A, indicating that current profitability metrics are not being directly compared to prior periods or that the calculation requires specific adjustments not detailed in the available data. Given the absence of a dividend yield and a payout ratio of 0.0%, the company does not distribute cash to shareholders, implying a strategy of reinvesting all earnings back into the business for organic growth, acquisitions, or debt reduction rather than providing regular income to investors. The overall growth and income profile is characterized by a contraction in top-line revenue alongside a lack of dividend support, which points to a capital-intensive or high-reinvestment phase typical of the gaming sector where cash is retained to fund development of new titles and platform expansions.