Gaming Realms Valuation

Q: What is the Fair Price of GMR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

GMR (£0.4) is trading below our estimate of [[fair value]] (£0.76)

Is GMR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GMR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GMR (£0.4) is trading below our estimate of fair value (£0.76)

Significantly Below Fair Value: GMR is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GMR?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for GMR. This is calculated by dividing GMR's market cap by their current preferred multiple.
What is GMR's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	UK£117.93m

GMR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4.3x
Enterprise Value/EBITDA	21.5x
PEG Ratio	0.8x

Price to Earnings Ratio vs Peers

How does GMR's PE Ratio compare to its peers?

The above table shows the PE ratio for GMR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	23.2x
CCP Celtic	11.9x	-60.8%	UK£158.8m
EYE Eagle Eye Solutions Group	24.4x	-12.0%	UK£139.8m
STVG STV Group	16.9x	46.8%	UK£116.4m
LBG LBG Media	39.6x	24.2%	UK£282.3m
GMR Gaming Realms	17.6x	22.1%	UK£117.9m

Price-To-Earnings vs Peers: GMR is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (23.2x).

Price to Earnings Ratio vs Industry

How does GMR's PE Ratio compare vs other companies in the European Entertainment Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	37.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	37.1%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: GMR is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the European Entertainment industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is GMR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GMR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.6x
Fair PE Ratio	20.7x

Price-To-Earnings vs Fair Ratio: GMR is good value based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GMR forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	UK£0.40	UK£0.54 +35.0%	8.0%	UK£0.60	UK£0.50	n/a	3
Sep ’25	UK£0.40	UK£0.54 +35.0%	8.0%	UK£0.60	UK£0.50	n/a	3
Aug ’25	UK£0.40	UK£0.54 +35.0%	8.0%	UK£0.60	UK£0.50	n/a	3
Jul ’25	UK£0.38	UK£0.54 +44.0%	8.0%	UK£0.60	UK£0.50	n/a	3
Jun ’25	UK£0.40	UK£0.54 +33.7%	8.0%	UK£0.60	UK£0.50	n/a	3
May ’25	UK£0.36	UK£0.54 +47.9%	8.0%	UK£0.60	UK£0.50	n/a	3
Apr ’25	UK£0.36	UK£0.54 +50.0%	8.0%	UK£0.60	UK£0.50	n/a	3
Mar ’25	UK£0.36	UK£0.54 +50.6%	8.0%	UK£0.60	UK£0.50	n/a	3
Feb ’25	UK£0.35	UK£0.54 +53.2%	8.0%	UK£0.60	UK£0.50	n/a	3
Jan ’25	UK£0.35	UK£0.54 +54.1%	8.0%	UK£0.60	UK£0.50	n/a	3
Dec ’24	UK£0.34	UK£0.53 +55.8%	10.0%	UK£0.60	UK£0.48	n/a	3
Nov ’24	UK£0.33	UK£0.53 +60.3%	10.0%	UK£0.60	UK£0.48	n/a	3
Oct ’24	UK£0.35	UK£0.53 +52.0%	10.0%	UK£0.60	UK£0.48	n/a	3
Sep ’24	UK£0.35	UK£0.53 +52.2%	10.0%	UK£0.60	UK£0.48	UK£0.40	3
Aug ’24	UK£0.36	UK£0.53 +47.3%	10.0%	UK£0.60	UK£0.48	UK£0.40	3
Jul ’24	UK£0.32	UK£0.53 +64.6%	10.0%	UK£0.60	UK£0.48	UK£0.38	3
Jun ’24	UK£0.32	UK£0.53 +65.4%	10.0%	UK£0.60	UK£0.48	UK£0.40	3
May ’24	UK£0.31	UK£0.53 +71.6%	10.0%	UK£0.60	UK£0.48	UK£0.36	3
Apr ’24	UK£0.26	UK£0.53 +104.1%	10.0%	UK£0.60	UK£0.48	UK£0.36	3
Mar ’24	UK£0.28	UK£0.53 +91.5%	10.0%	UK£0.60	UK£0.48	UK£0.36	3
Feb ’24	UK£0.29	UK£0.53 +79.0%	10.0%	UK£0.60	UK£0.48	UK£0.35	3
Jan ’24	UK£0.25	UK£0.55 +120.0%	9.1%	UK£0.60	UK£0.50	UK£0.35	2
Dec ’23	UK£0.24	UK£0.55 +128.5%	9.1%	UK£0.60	UK£0.50	UK£0.34	2
Nov ’23	UK£0.23	UK£0.55 +139.1%	9.1%	UK£0.60	UK£0.50	UK£0.33	2
Oct ’23	UK£0.25	UK£0.55 +120.0%	9.1%	UK£0.60	UK£0.50	UK£0.35	2
Sep ’23	UK£0.27	UK£0.55 +107.5%	9.1%	UK£0.60	UK£0.50	UK£0.35	2

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.