GDEV Valuation

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

GDEV ($25) is trading above our estimate of [[fair value]] ($4.85)

Is GDEV 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-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 GDEV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GDEV ($25) is trading above our estimate of fair value ($4.85)

Significantly Below Fair Value: GDEV is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As GDEV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GDEV. This is calculated by dividing GDEV's market cap by their current earnings.
What is GDEV's PE Ratio?
PE Ratio	9.4x
Earnings	US$48.05m
Market Cap	US$485.43m

GDEV 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	0.9x
Enterprise Value/EBITDA	6.9x
PEG Ratio	-0.8x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GDEV 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	9.9x
GRVY Gravity	7.6x	n/a	US$466.1m
GMGI Golden Matrix Group	21.1x	n/a	US$342.9m
DDI DoubleDown Interactive	6.4x	0.3%	US$730.4m
IH iHuman	4.7x	n/a	US$85.7m
GDEV GDEV	9.4x	-11.6%	US$485.4m

Price-To-Earnings vs Peers: GDEV is expensive based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (-89.4x).

Price to Earnings Ratio vs Industry

How does GDEV's PE Ratio compare vs other companies in the US Entertainment Industry?

6 Companies	Price / Earnings	Estimated Growth	Market Cap
IH iHuman	4.7x	n/a	US$85.73m
RDBX Redbox Entertainment	1.2x	-121.8%	US$76.65m
GMM Global Mofy AI	0.7x	n/a	US$11.91m
MSGM Motorsport Games	0.7x	n/a	US$3.47m

6 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: GDEV is good value based on its Price-To-Earnings Ratio (9.4x) compared to the US Entertainment industry average (21.6x).

Price to Earnings Ratio vs Fair Ratio

What is GDEV'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.

GDEV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	9.4x
Fair PE Ratio	12.4x

Price-To-Earnings vs Fair Ratio: GDEV is good value based on its Price-To-Earnings Ratio (9.4x) compared to the estimated Fair Price-To-Earnings Ratio (12.4x).

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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