NasdaqGS:GLUU

Stock Analysis Report

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Executive Summary

Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices.


Snowflake Analysis

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Glu Mobile's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GLUU's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.4%

GLUU

3.1%

US Entertainment

3.8%

US Market


1 Year Return

24.2%

GLUU

11.5%

US Entertainment

9.7%

US Market

Return vs Industry: GLUU exceeded the US Entertainment industry which returned 11.5% over the past year.

Return vs Market: GLUU exceeded the US Market which returned 9.7% over the past year.


Shareholder returns

GLUUIndustryMarket
7 Day-10.4%3.1%3.8%
30 Day-0.1%9.8%11.4%
90 Day36.1%13.0%6.8%
1 Year24.2%24.2%12.5%11.5%12.1%9.7%
3 Year249.2%249.2%46.2%41.8%36.2%27.2%
5 Year37.5%37.5%91.6%81.7%63.7%45.4%

Price Volatility Vs. Market

How volatile is Glu Mobile's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Glu Mobile undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GLUU ($8.94) is trading below our estimate of fair value ($19.89)

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


Price To Earnings Ratio

PE vs Industry: GLUU is unprofitable, so we can't compare its PE Ratio to the Entertainment industry average.

PE vs Market: GLUU is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GLUU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GLUU is overvalued based on its PB Ratio (6.4x) compared to the US Entertainment industry average (2.9x).


Next Steps

Future Growth

How is Glu Mobile forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

65.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLUU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: GLUU is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GLUU's is expected to become profitable in the next 3 years.

Revenue vs Market: GLUU's revenue (10.4% per year) is forecast to grow faster than the US market (8.7% per year).

High Growth Revenue: GLUU's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GLUU's Return on Equity is forecast to be high in 3 years time (22.9%)


Next Steps

Past Performance

How has Glu Mobile performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLUU is currently unprofitable.

Growing Profit Margin: GLUU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GLUU is unprofitable, but has reduced losses over the past 5 years at a rate of 4.4% per year.

Accelerating Growth: Unable to compare GLUU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GLUU is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (14.6%).


Return on Equity

High ROE: GLUU has a negative Return on Equity (-0.03%), as it is currently unprofitable.


Next Steps

Financial Health

How is Glu Mobile's financial position?


Financial Position Analysis

Short Term Liabilities: GLUU's short term assets ($215.6M) exceed its short term liabilities ($144.2M).

Long Term Liabilities: GLUU's short term assets ($215.6M) exceed its long term liabilities ($63.2M).


Debt to Equity History and Analysis

Debt Level: GLUU is debt free.

Reducing Debt: GLUU has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable GLUU has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GLUU is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.8% per year.


Next Steps

Dividend

What is Glu Mobile's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GLUU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GLUU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GLUU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GLUU's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GLUU's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Nick Earl (53yo)

3.58yrs

Tenure

US$7,146,863

Compensation

Mr. Nick Earl has been the Chief Executive Officer and President at Glu Mobile Inc. since November 10, 2016. Mr. Earl served as the President of Global Studios at Glu Mobile, Inc. from November 5, 2015 to  ...


CEO Compensation Analysis

Compensation vs Market: Nick's total compensation ($USD7.15M) is above average for companies of similar size in the US market ($USD4.76M).

Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Niccolo de Masi
Executive Chairman5.5yrsUS$7.34k0.54% $8.0m
Nick Earl
President3.58yrsUS$7.15m0.35% $5.2m
Eric Ludwig
Executive VP11.83yrsUS$4.36m0.17% $2.5m
Scott Leichtner
VP, General Counsel & Corporate Secretary9.75yrsUS$1.02m0.14% $2.1m
Christopher Akhavan
Senior Vice President of Business & Corporate Developmentno dataUS$2.35mno data
Becky Hughes
Senior Vice President of Revenueno dataUS$2.28m0.030% $448.3k
Gordon Lee
VP of Accounting & Principal Accounting Officer2.92yrsno data0.015% $227.0k
Tim Wilson
Chief Technology Officer4.67yrsUS$1.18mno data
Harman Singh
Vice President of Finance & Investor Relations2.33yrsno datano data
Mike Olsen
Senior Vice President of Studios3.42yrsno datano data

3.6yrs

Average Tenure

44yo

Average Age

Experienced Management: GLUU's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Niccolo de Masi
Executive Chairman5.5yrsUS$7.34k0.54% $8.0m
Nick Earl
President3.58yrsUS$7.15m0.35% $5.2m
Ann Mather
Independent Director14.75yrsUS$226.10k0.052% $772.8k
Benjamin Feder
Director3.42yrsno datano data
Hany Nada
Independent Director15.17yrsUS$243.60k0.14% $2.1m
Benjamin Smith
Independent Lead Director4.17yrsUS$290.97k0.023% $343.9k
Gabrielle Toledano
Independent Director2.5yrsUS$233.73k0.016% $245.6k
Eric R. Ball
Independent Director6.67yrsUS$241.10k0.13% $1.9m
Greg Brandeau
Independent Director4.83yrsUS$238.60k0.016% $245.6k
Darla Anderson
Independent Director1.25yrsUS$396.61k0.0044% $65.5k

4.5yrs

Average Tenure

54yo

Average Age

Experienced Board: GLUU's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.7%.


Top Shareholders

Company Information

Glu Mobile Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Glu Mobile Inc.
  • Ticker: GLUU
  • Exchange: NasdaqGS
  • Founded: 2001
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: US$1.489b
  • Shares outstanding: 166.58m
  • Website: https://www.glu.com

Number of Employees


Location

  • Glu Mobile Inc.
  • 875 Howard Street
  • Suite 100
  • San Francisco
  • California
  • 94103
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
F2PDB (Deutsche Boerse AG)YesCommon StockDEEURMar 2007
GLUUNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 2007
GLUUSWX (SIX Swiss Exchange)YesCommon StockCHCHFMar 2007
0QZLLSE (London Stock Exchange)YesCommon StockGBUSDMar 2007

Biography

Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. It publishes titles primarily in four genres, including lifestyle, casual, mid-core, and sports and outdoors. The company’s portfolio of compelling games based on its own intellectual property, such as Cooking Dash, Covet Fashion, Deer Hunter, Design Home, Diner DASH Adventures, and QuizUp, as well as games based on or significantly incorporating third party licensed brands, including Kim Kardashian: Hollywood, MLB Tap Sports Baseball, and Restaurant Dash with Gordon Ramsay, as well as Disney Sorcerer’s Arena. It markets, sells, and distributes its games primarily through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store, and others. The company was formerly known as Sorrent, Inc. and changed its name to Glu Mobile Inc. in May 2005. Glu Mobile Inc. was founded in 2001 and is headquartered in San Francisco, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 03:38
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.