Gamedust Valuation

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

GDC (PLN0.1) is trading below our estimate of [[fair value]] (PLN8.78)

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

Valuation Score

2/6

Valuation Score 2/6

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

Share Price vs Fair Value

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

Below Fair Value: GDC (PLN0.1) is trading below our estimate of fair value (PLN8.78)

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

Key Valuation Metric

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

Key metric: As GDC is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GDC. This is calculated by dividing GDC's market cap by their current revenue.
What is GDC's PS Ratio?
PS Ratio	15.9x
Sales	zł1.07m
Market Cap	zł16.96m

GDC 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	16x
Enterprise Value/EBITDA	-38.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does GDC's PS Ratio compare to its peers?

The above table shows the PS ratio for GDC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.2x
EKS e-Kiosk	1.3x	n/a	zł17.2m
PGM PMPG Polskie Media	0.4x	n/a	zł17.5m
IMR INTERMARUM Spólka Akcyjna	6.2x	n/a	zł11.5m
MZA Muza	0.9x	n/a	zł48.1m
GDC Gamedust	15.9x	n/a	zł17.0m

Price-To-Sales vs Peers: GDC is expensive based on its Price-To-Sales Ratio (15.9x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does GDC's PS Ratio compare vs other companies in the PL Media Industry?

0 Companies	Price / Sales	Estimated Growth	Market Cap

No more companies available in this PS range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: GDC is expensive based on its Price-To-Sales Ratio (15.9x) compared to the European Media industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

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

GDC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	15.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GDC's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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