GDEV INC (GDEV) Fundamental Analysis & Valuation

NASDAQ:GDEV • VGG6529J2092

Current stock price

16.68 USD
+0.05 (+0.3%)
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.
  • In the past year GDEV had a positive cash flow from operations.
  • GDEV had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years GDEV had a positive operating cash flow.
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

  • With an excellent Return On Assets value of 29.74%, GDEV belongs to the best of the industry, outperforming 98.73% of the companies in the same industry.
  • The Return On Invested Capital of GDEV (5175.02%) is better than 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 159.06%.
  • The 3 year average ROIC (1926.13%) for GDEV is below the current ROIC(5175.02%), indicating increased profibility in the last year.
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

  • With an excellent Profit Margin value of 17.15%, GDEV belongs to the best of the industry, outperforming 92.41% of the companies in the same industry.
  • GDEV's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 17.59%, GDEV belongs to the top of the industry, outperforming 89.87% of the companies in the same industry.
  • In the last couple of years the Operating Margin of GDEV has remained more or less at the same level.
  • GDEV has a better Gross Margin (65.03%) than 75.95% of its industry peers.
  • GDEV's Gross Margin has been stable in the last couple of years.
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.
  • The number of shares outstanding for GDEV has been increased compared to 1 year ago.
  • Compared to 5 years ago, GDEV has less shares outstanding
  • Compared to 1 year ago, GDEV has an improved debt to assets ratio.
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

  • An Altman-Z score of 2.38 indicates that GDEV is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.38, GDEV is in the better half of the industry, outperforming 72.15% 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.
  • Looking at the Debt to FCF ratio, with a value of 0.04, GDEV belongs to the top of the industry, outperforming 91.14% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 0.04
Altman-Z 2.38
ROIC/WACC578.86
WACC8.94%
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.
  • GDEV has a worse Current ratio (0.67) 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.
  • With a Quick ratio value of 0.67, GDEV is not doing good in the industry: 67.09% of the companies in the same industry are doing better.
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 173.19%, which is quite impressive.
  • The Earnings Per Share has been growing by 355.02% on average over the past years. This is a very strong growth
  • The Revenue has decreased by -3.94% in the past year.
  • Measured over the past years, GDEV shows a quite strong growth in Revenue. The Revenue has been growing by 9.16% on average per year.
EPS 1Y (TTM)173.19%
EPS 3Y355.02%
EPS 5YN/A
EPS Q2Q%471.43%
Revenue 1Y (TTM)-3.94%
Revenue growth 3Y-5.54%
Revenue growth 5Y9.16%
Sales Q2Q%-7.71%

3.2 Future

  • GDEV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.73% yearly.
  • The Revenue is expected to grow by 6.46% on average over the next years.
EPS Next Y18.1%
EPS Next 2Y18.73%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.89%
Revenue Next 2Y6.46%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • 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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9

4. GDEV Valuation Analysis

4.1 Price/Earnings Ratio

  • GDEV is valuated cheaply with a Price/Earnings ratio of 4.42.
  • Based on the Price/Earnings ratio, GDEV is valued cheaper than 97.47% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.15. GDEV is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 3.75, which indicates a rather cheap valuation of GDEV.
  • 100.00% of the companies in the same industry are more expensive than GDEV, based on the Price/Forward Earnings ratio.
  • GDEV is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.12, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 4.42
Fwd PE 3.75
GDEV Price Earnings VS Forward Price EarningsGDEV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, GDEV is valued cheaply inside the industry as 94.94% of the companies are valued more expensively.
  • GDEV's Price/Free Cash Flow ratio is rather cheap when compared to the industry. GDEV is cheaper than 89.87% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.39
EV/EBITDA 1.92
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

  • The 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 18.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y18.73%
EPS Next 3YN/A

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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 (4/27/2026, 8:00:01 PM)

16.68

+0.05 (+0.3%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)03-05
Earnings (Next)05-14
Inst Owners2.62%
Inst Owner Change0%
Ins Owners37.02%
Ins Owner Change0%
Market Cap302.74M
Revenue(TTM)404.35M
Net Income(TTM)69.33M
Analysts80
Price Target71.4 (328.06%)
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)1
Avg EPS beat(2)104.32%
Min EPS beat(2)-3.2%
Max EPS beat(2)211.84%
EPS beat(4)3
Avg EPS beat(4)196.51%
Min EPS beat(4)-3.2%
Max EPS beat(4)331.37%
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 4.42
Fwd PE 3.75
P/S 0.75
P/FCF 10.39
P/OCF 10.28
P/B N/A
P/tB N/A
EV/EBITDA 1.92
EPS(TTM)3.77
EY22.6%
EPS(NY)4.45
Fwd EY26.69%
FCF(TTM)1.61
FCFY9.62%
OCF(TTM)1.62
OCFY9.73%
SpS22.28
BVpS-4.99
TBVpS-5.13
PEG (NY)0.24
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 2.38
F-Score4
WACC8.94%
ROIC/WACC578.86
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)173.19%
EPS 3Y355.02%
EPS 5YN/A
EPS Q2Q%471.43%
EPS Next Y18.1%
EPS Next 2Y18.73%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-3.94%
Revenue growth 3Y-5.54%
Revenue growth 5Y9.16%
Sales Q2Q%-7.71%
Revenue Next Year4.89%
Revenue Next 2Y6.46%
Revenue Next 3YN/A
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 9 / 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 4.42 and the Price/Book (PB) ratio is -3.34.


How financially healthy is GDEV INC?

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