Bedrijfsoverzicht
GDEV Inc. is a developer and publisher of online games that operates across the United States, Europe, Asia, and international markets, with its core product lineup featuring titles such as Hero Wars available on mobile, social, and web-based platforms. The company operates within the Communication Services sector, specifically in the Electronic Gaming & Multimedia industry, positioning itself as a digital entertainment provider focused on the role-playing game genre. In terms of scale, the company holds a market capitalization of $249.02M and reported annual revenue of $404.35M over the trailing twelve months, while the specific count of employees is not disclosed in the available data. These financial metrics indicate a mid-sized enterprise within the gaming sector, generating substantial revenue relative to its valuation, which suggests a significant revenue base despite the lack of granular operational headcount data. The disparity between the substantial revenue generation and the market cap implies that the market may be pricing in specific operational risks or growth constraints that are not immediately apparent from the top-line figure alone.
Financiële gezondheid
GDEV Inc. reported a trailing twelve-month revenue of $404.35M, a net income of $69.33M, and an EBITDA of $76.15M, revealing a cost structure where operating expenses consume a significant portion of earnings before interest and taxes. The gap between the $404.35M in revenue and the $69.33M in net income indicates that the company retains approximately 17.1% of its sales as profit, reflecting a highly profitable business model typical of successful software and digital goods distribution. The company generated $18.93M in free cash flow, which provides a critical layer of financial flexibility for funding operations, potential acquisitions, or share buybacks without relying solely on external capital markets. Profitability is further underscored by a gross margin of 65.0%, an operating margin of 15.2%, and a profit margin of 17.1%, all of which demonstrate the company's ability to maintain high profitability despite industry-specific cost pressures. On the balance sheet, the company holds $112.96M in cash against a debt load of only $1.09M, while the debt-to-equity ratio is listed as N/A, suggesting a highly conservative financial stance with minimal leverage. However, the current ratio stands at 0.67, which indicates that the company's current assets are insufficient to cover its current liabilities without relying on future cash flows or asset liquidation. Return on Equity is listed as N/A, but the Return on Assets is 17.6%, which reveals that management is utilizing the company's asset base effectively to generate returns relative to the total investment.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is 3.64, while the forward P/E is 10.16, a significant difference that implies the market expects earnings to grow substantially in the coming year to justify the higher multiple. The price-to-book ratio is -2.37, a negative figure that indicates the market values the company below its book value, often seen in capital-intensive firms or those with significant intangible assets that are not captured on the balance sheet. Alternative valuation metrics provide further context, with a price-to-sales ratio of 0.62 and an EV/EBITDA of 1.80, suggesting that the stock is priced at a fraction of its sales and generates very low enterprise value relative to its earnings before interest, taxes, depreciation, and amortization. The 52-week trading range spans from a low of $10.19 to a high of $42.20, and without the specific current share price, the exact percentage distance from these highs and lows cannot be calculated, but the wide range highlights significant price volatility. The stock exhibits a beta of 1.23, meaning its price volatility is 23% higher than the broader market, indicating that the stock tends to amplify market movements rather than moving in lockstep with the index.
Growth & Income
Revenue growth year-over-year stands at -7.9%, while earnings growth year-over-year is listed as N/A, implying that profitability dynamics may be decoupled from the top-line contraction or that earnings data is insufficient for year-over-year comparison. The decline in revenue suggests a contraction in the user base or a reduction in average revenue per user, which is a critical metric for monitoring the health of the digital gaming ecosystem. The company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, indicating that all available earnings are retained within the company for reinvestment into new game development, platform expansion, or debt reduction. This reinvestment strategy is common for growth-oriented technology firms that prioritize capital allocation toward future revenue streams over immediate income distribution to shareholders. The overall growth and income profile is characterized by a shrinking revenue base with no current dividend yield, presenting a scenario where investor returns are entirely dependent on potential future capital appreciation or a strategic shift in the company's capital allocation policy.