GDEV INC (GDEV) Fundamental Analysis & Valuation

NASDAQ:GDEV • VGG6529J2092

Current stock price

15.9201 USD
-0.77 (-4.61%)
Last:

This GDEV fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. GDEV Profitability Analysis

1.1 Basic Checks

  • In the past year GDEV was profitable.
  • GDEV had a positive operating cash flow in the past year.
  • Of the past 5 years GDEV 4 years were profitable.
  • GDEV had a positive operating cash flow in each of the past 5 years.
GDEV Yearly Net Income VS EBIT VS OCF VS FCFGDEV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M -100M

1.2 Ratios

  • GDEV's Return On Assets of 29.74% is amongst the best of the industry. GDEV outperforms 98.73% of its industry peers.
  • GDEV has a Return On Invested Capital of 5175.02%. This is amongst the best in the industry. GDEV outperforms 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GDEV is significantly above the industry average of 159.10%.
  • The last Return On Invested Capital (5175.02%) for GDEV is above the 3 year average (1926.13%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 29.74%
ROE N/A
ROIC 5175.02%
ROA(3y)17.84%
ROA(5y)3.65%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)1926.13%
ROIC(5y)N/A
GDEV Yearly ROA, ROE, ROICGDEV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 2024 2025 0 1K 2K 3K 4K 5K

1.3 Margins

  • GDEV's Profit Margin of 17.15% is amongst the best of the industry. GDEV outperforms 92.41% of its industry peers.
  • In the last couple of years the Profit Margin of GDEV has grown nicely.
  • GDEV has a better Operating Margin (17.59%) than 89.87% of its industry peers.
  • GDEV's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of GDEV (65.03%) is better than 74.68% of its industry peers.
  • In the last couple of years the Gross Margin of GDEV has remained more or less at the same level.
Industry RankSector Rank
OM 17.59%
PM (TTM) 17.15%
GM 65.03%
OM growth 3Y0.88%
OM growth 5YN/A
PM growth 3Y124.19%
PM growth 5YN/A
GM growth 3Y0.64%
GM growth 5Y0.16%
GDEV Yearly Profit, Operating, Gross MarginsGDEV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

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5

2. GDEV Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so GDEV is creating value.
  • GDEV has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for GDEV has been reduced compared to 5 years ago.
  • The debt/assets ratio for GDEV has been reduced compared to a year ago.
GDEV Yearly Shares OutstandingGDEV Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 2025 50M 100M 150M
GDEV Yearly Total Debt VS Total AssetsGDEV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2025 100M 200M 300M

2.2 Solvency

  • GDEV has an Altman-Z score of 2.36. This is not the best score and indicates that GDEV is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With a decent Altman-Z score value of 2.36, GDEV is doing good in the industry, outperforming 73.42% of the companies in the same industry.
  • The Debt to FCF ratio of GDEV is 0.04, which is an excellent value as it means it would take GDEV, only 0.04 years of fcf income to pay off all of its debts.
  • GDEV's Debt to FCF ratio of 0.04 is amongst the best of the industry. GDEV outperforms 91.14% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 0.04
Altman-Z 2.36
ROIC/WACC580.16
WACC8.92%
GDEV Yearly LT Debt VS Equity VS FCFGDEV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M -100M -150M

2.3 Liquidity

  • GDEV has a Current Ratio of 0.67. This is a bad value and indicates that GDEV is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of GDEV (0.67) is worse than 68.35% of its industry peers.
  • GDEV has a Quick Ratio of 0.67. This is a bad value and indicates that GDEV is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.67, GDEV is doing worse than 67.09% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.67
GDEV Yearly Current Assets VS Current LiabilitesGDEV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2025 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. GDEV Growth Analysis

3.1 Past

  • GDEV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 174.97%, which is quite impressive.
  • GDEV shows a decrease in Revenue. In the last year, the revenue decreased by -3.94%.
  • Measured over the past years, GDEV shows a very strong growth in Revenue. The Revenue has been growing by 35.02% on average per year.
EPS 1Y (TTM)174.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%681.63%
Revenue 1Y (TTM)-3.94%
Revenue growth 3Y-1.02%
Revenue growth 5Y35.02%
Sales Q2Q%-7.71%

3.2 Future

  • Based on estimates for the next years, GDEV will show a very strong growth in Earnings Per Share. The EPS will grow by 56.74% on average per year.
  • Based on estimates for the next years, GDEV will show a small growth in Revenue. The Revenue will grow by 3.95% on average per year.
EPS Next Y179.76%
EPS Next 2Y79.62%
EPS Next 3Y56.74%
EPS Next 5YN/A
Revenue Next Year-0.89%
Revenue Next 2Y1.96%
Revenue Next 3Y3.95%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
GDEV Yearly Revenue VS EstimatesGDEV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
GDEV Yearly EPS VS EstimatesGDEV Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 1 2 3 4 5

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10

4. GDEV Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.54, the valuation of GDEV can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of GDEV indicates a rather cheap valuation: GDEV is cheaper than 92.41% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.53. GDEV is valued rather cheaply when compared to this.
  • GDEV is valuated cheaply with a Price/Forward Earnings ratio of 3.58.
  • Based on the Price/Forward Earnings ratio, GDEV is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • GDEV's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.95.
Industry RankSector Rank
PE 11.54
Fwd PE 3.58
GDEV Price Earnings VS Forward Price EarningsGDEV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GDEV indicates a rather cheap valuation: GDEV is cheaper than 94.94% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of GDEV indicates a rather cheap valuation: GDEV is cheaper than 91.14% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.92
EV/EBITDA 1.75
GDEV Per share dataGDEV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15 20

4.3 Compensation for Growth

  • GDEV's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • GDEV has an outstanding profitability rating, which may justify a higher PE ratio.
  • GDEV's earnings are expected to grow with 56.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.06
PEG (5Y)N/A
EPS Next 2Y79.62%
EPS Next 3Y56.74%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. GDEV Dividend Analysis

5.1 Amount

  • No dividends for GDEV!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

GDEV Fundamentals: All Metrics, Ratios and Statistics

GDEV INC

NASDAQ:GDEV (4/16/2026, 8:00:01 PM)

15.9201

-0.77 (-4.61%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)03-31
Earnings (Next)05-14
Inst Owners2.62%
Inst Owner Change0%
Ins Owners37.02%
Ins Owner Change0%
Market Cap288.95M
Revenue(TTM)404.35M
Net Income(TTM)69.33M
Analysts80
Price Target71.4 (348.49%)
Short Float %0.15%
Short Ratio1.51
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend3.09
Dividend Growth(5Y)N/A
DP80.76%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-4.39%
Min Revenue beat(2)-7.9%
Max Revenue beat(2)-0.87%
Revenue beat(4)2
Avg Revenue beat(4)6.97%
Min Revenue beat(4)-7.9%
Max Revenue beat(4)31.57%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)41.72%
EPS NY rev (3m)41.72%
Revenue NQ rev (1m)0.55%
Revenue NQ rev (3m)0.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 11.54
Fwd PE 3.58
P/S 0.71
P/FCF 9.92
P/OCF 9.81
P/B N/A
P/tB N/A
EV/EBITDA 1.75
EPS(TTM)1.38
EY8.67%
EPS(NY)4.45
Fwd EY27.97%
FCF(TTM)1.61
FCFY10.08%
OCF(TTM)1.62
OCFY10.19%
SpS22.28
BVpS-4.99
TBVpS-5.13
PEG (NY)0.06
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA 29.74%
ROE N/A
ROCE 5820.87%
ROIC 5175.02%
ROICexc N/A
ROICexgc N/A
OM 17.59%
PM (TTM) 17.15%
GM 65.03%
FCFM 7.2%
ROA(3y)17.84%
ROA(5y)3.65%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)1926.13%
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)2166.52%
ROCE(5y)1137.55%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y0.88%
OM growth 5YN/A
PM growth 3Y124.19%
PM growth 5YN/A
GM growth 3Y0.64%
GM growth 5Y0.16%
F-Score4
Asset Turnover1.73
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 0.04
Debt/EBITDA 0
Cap/Depr 4.57%
Cap/Sales 0.08%
Interest Coverage 846.8
Cash Conversion 37.76%
Profit Quality 42.02%
Current Ratio 0.67
Quick Ratio 0.67
Altman-Z 2.36
F-Score4
WACC8.92%
ROIC/WACC580.16
Cap/Depr(3y)7.89%
Cap/Depr(5y)19.13%
Cap/Sales(3y)0.11%
Cap/Sales(5y)0.18%
Profit Quality(3y)63.1%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)174.97%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%681.63%
EPS Next Y179.76%
EPS Next 2Y79.62%
EPS Next 3Y56.74%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.94%
Revenue growth 3Y-1.02%
Revenue growth 5Y35.02%
Sales Q2Q%-7.71%
Revenue Next Year-0.89%
Revenue Next 2Y1.96%
Revenue Next 3Y3.95%
Revenue Next 5YN/A
EBIT growth 1Y75.65%
EBIT growth 3Y-4.71%
EBIT growth 5YN/A
EBIT Next Year40.06%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y3.72%
FCF growth 3Y-36.73%
FCF growth 5Y-24.72%
OCF growth 1Y3.23%
OCF growth 3Y-36.7%
OCF growth 5Y-24.57%

GDEV INC / GDEV Fundamental Analysis FAQ

What is the ChartMill fundamental rating of GDEV INC (GDEV) stock?

ChartMill assigns a fundamental rating of 6 / 10 to GDEV.


What is the valuation status of GDEV INC (GDEV) stock?

ChartMill assigns a valuation rating of 10 / 10 to GDEV INC (GDEV). This can be considered as Undervalued.


How profitable is GDEV INC (GDEV) stock?

GDEV INC (GDEV) has a profitability rating of 8 / 10.


What is the valuation of GDEV INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for GDEV INC (GDEV) is 11.54 and the Price/Book (PB) ratio is -3.19.


How financially healthy is GDEV INC?

The financial health rating of GDEV INC (GDEV) is 5 / 10.