GMGI Stock Overview

Operates as an B2B and B2C gaming technology company in Central and South America, Europe, and Africa. More details

GMGI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 9.5% below our estimate of its fair value

Revenue grew by 22.9% over the past year

Risk Analysis

High level of non-cash earnings

Volatile share price over the past 3 months compared to the US market

My Notes

Capture your thoughts, links and company narrative

Golden Matrix Group, Inc. Competitors

GDEV

NasdaqGM:GDEV

US$339.0m

Gravity

NasdaqGM:GRVY

US$435.8m

DoubleDown Interactive

NasdaqGS:DDI

US$524.8m

iHuman

NYSE:IH

US$91.9m

Price History & Performance

Summary of share price highs, lows and changes for Golden Matrix Group
Historical stock prices
Current Share Price	US$1.98
52 Week High	US$6.27
52 Week Low	US$1.89
Beta	0
1 Month Change	-28.52%
3 Month Change	-19.84%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-20.16%

Recent updates

Shareholder Returns

	GMGI	US Entertainment	US Market
7D	-1.5%	-3.7%	-3.5%
1Y	n/a	50.3%	22.1%

Return vs Industry: Insufficient data to determine how GMGI performed against the US Entertainment industry.

Return vs Market: Insufficient data to determine how GMGI performed against the US Market.

Price Volatility

Is GMGI's price volatile compared to industry and market?
GMGI volatility
GMGI Average Weekly Movement	10.5%
Entertainment Industry Average Movement	7.7%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.1%

Stable Share Price: GMGI's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: GMGI's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
n/a	1,100	Anthony Goodman	goldenmatrix.com

Golden Matrix Group, Inc. operates as an B2B and B2C gaming technology company in Central and South America, Europe, and Africa. It develops and licenses gaming platforms; and provides online sports betting and casino, and gaming services. The company is based in Las Vegas, Nevada.

Golden Matrix Group, Inc. Fundamentals Summary

How do Golden Matrix Group's earnings and revenue compare to its market cap?
GMGI fundamental statistics
Market cap	US$247.49m
Earnings (TTM)	US$14.82m
Revenue (TTM)	US$87.56m

17.2x

P/E Ratio

2.9x

P/S Ratio

Is GMGI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GMGI income statement (TTM)
Revenue	US$87.56m
Cost of Revenue	US$23.48m
Gross Profit	US$64.08m
Other Expenses	US$49.26m
Earnings	US$14.82m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.11
Gross Margin	73.18%
Net Profit Margin	16.92%
Debt/Equity Ratio	0%

How did GMGI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/19 00:35
End of Day Share Price	2024/12/19 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Golden Matrix Group, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution

Golden Matrix Group NasdaqCM:GMGI Stock Report