Financials Gaming Realms plc

Equities

Market Closed - London S.E. Other stock markets 09:05:17 21/06/2024 pm IST			5-day change	1st Jan Change
38.5 ^GBX	+1.32%		-2.90%	+9.84%

09/04	Transcript : Gaming Realms plc, 2023 Earnings Call, Apr 09, 2024
02/04	Gaming Realms hails Slingo Space Invaders, Tetris Slingo as profit up	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	30.29	62.34	93.57	73	102.9	113.5	-	-
Enterprise Value (EV) ¹	28.57	62.34	89.16	70.46	95.48	99.82	91.28	81.39
P/E ratio	-	-	-	20.7 x	17.9 x	15.1 x	11.7 x	10 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	4.4 x	5.47 x	6.38 x	3.91 x	4.39 x	4.16 x	3.67 x	3.34 x
EV / Revenue	4.15 x	5.47 x	6.08 x	3.78 x	4.08 x	3.66 x	2.95 x	2.4 x
EV / EBITDA	-95.2 x	21.2 x	15.7 x	9.03 x	9.49 x	7.51 x	5.73 x	4.52 x
EV / FCF	-	-	62.4 x	30.8 x	21.7 x	16.1 x	10.9 x	8.33 x
FCF Yield	-	-	1.6%	3.25%	4.6%	6.21%	9.2%	12%
Price to Book	-	-	-	4.17 x	4.35 x	3.85 x	3.03 x	2.44 x
Nbr of stocks (in thousands)	2,84,429	2,85,967	2,89,703	2,92,007	2,93,668	2,94,776	-	-
Reference price ²	0.1065	0.2180	0.3230	0.2500	0.3505	0.3850	0.3850	0.3850
Announcement Date	28/04/20	27/04/21	26/04/22	03/04/23	02/04/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6.883	11.4	14.67	18.65	23.42	27.27	30.94	33.94
EBITDA ¹	-0.3	2.94	5.675	7.8	10.06	13.29	15.94	18.01
EBIT ¹	-	-	1.695	3.756	5.782	8.767	11.23	13.2
Operating Margin	-	-	11.55%	20.14%	24.69%	32.15%	36.31%	38.89%
Earnings before Tax (EBT) ¹	-	-	-	3.524	5.167	8.3	10.8	12.7
Net income ¹	-	-	-	3.614	5.925	7.7	9.95	11.6
Net margin	-	-	-	19.38%	25.3%	28.24%	32.16%	34.17%
EPS ²	-	-	-	0.0121	0.0196	0.0255	0.0330	0.0385
Free Cash Flow ¹	-	-	1.43	2.291	4.395	6.2	8.4	9.767
FCF margin	-	-	9.75%	12.28%	18.76%	22.74%	27.15%	28.77%
FCF Conversion (EBITDA)	-	-	25.19%	29.37%	43.68%	46.66%	52.7%	54.23%
FCF Conversion (Net income)	-	-	-	63.38%	74.17%	80.52%	84.42%	84.2%
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	28/04/20	27/04/21	26/04/22	03/04/23	02/04/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	1.72	-	4.41	2.54	7.46	13.7	22.2	32.1
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	1.43	2.29	4.39	6.2	8.4	9.77
ROE (net income / shareholders' equity)	-	-	-	23.3%	28.9%	22.1%	21%	19.2%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	-	0.0600	0.0800	0.1000	0.1300	0.1600
Cash Flow per Share ²	-0.0100	0.0100	0.0200	-	0.0300	0.0400	0.0500	0.0600
Capex ¹	-	-	3.54	4.26	4.88	5.4	5.63	5.9
Capex / Sales	-	-	24.12%	22.84%	20.84%	19.8%	18.21%	17.38%
Announcement Date	28/04/20	27/04/21	26/04/22	03/04/23	02/04/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.385 GBP

Average target price

0.54 GBP

Spread / Average Target

+40.26%

	1st Jan change	Capi.
GAMING REALMS PLC	+9.84%	14Cr
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KRAFTON, INC.	+53.41%	960.22Cr
KUNLUN TECH CO., LTD.	-14.55%	539.21Cr
37 INTERACTIVE ENTERTAINMENT NETWORK TECHNOLOGY GROUP CO., LTD.	-29.93%	399.29Cr
ZHEJIANG CENTURY HUATONG GROUP CO.,LTD	-32.95%	350.44Cr
SQUARE ENIX HOLDINGS CO., LTD.	-9.38%	344.97Cr
NETMARBLE CORPORATION	-7.57%	316.52Cr
PLAYTIKA HOLDING CORP.	-6.19%	303.58Cr
NCSOFT CORPORATION	-18.79%	285.31Cr