Company Valuation: GDEV Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2023 2024 2025 2026 2027
Market Cap 1 1,584 436.3 350.2 272 195.3 -
Change - - -19.74% -22.34% -28.19% -
Enterprise Value (EV) 1,441 436.3 350.2 272 195.3 195.3
Change - - -19.74% -22.34% -28.19% 0%
P/E - 9.61x 14x 3.98x 2.35x 2.07x
PBR -9.83x - - - - -
PEG - - -0.4x 0x 0.1x 0.2x
Capitalization / Revenue 3.65x - 0.83x 0.67x 0.45x 0.42x
EV / Revenue 0x - 0x 0x 0.45x 0.42x
EV / EBITDA 0x - 0x 0x 1.82x 1.57x
EV / EBIT 0x - 0x 0x 1.93x 1.69x
EV / FCF - - - - - -
FCF Yield - - - - - -
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 - 2.3 1.38 3.77 4.58 5.21
Distribution rate - - - - - -
Net sales 1 434.1 - 420.9 404 435 465
EBITDA 1 4.722 - 42 79 107.2 124.3
EBIT 1 2.182 - 40.5 71.13 101 115.9
Net income 1 -117.5 46.12 25.53 69.33 91.78 104.3
Net Debt -142.8 - - - - -
Reference price 2 80.60 22.10 19.34 15.00 10.76 10.76
Nbr of stocks (in thousands) 19,652 19,743 18,106 18,130 18,150 -
Announcement Date 29/04/22 29/03/24 31/03/25 05/03/26 - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
2.35x - - - 20Cr
26.27x9.71x15.87x0.75% 3,84300Cr
121.59x53.78x87.57x-.--% 45TCr
21.42x6.06x10.62x1.4% 43TCr
255.85x22.84x66.87x-.--% 33TCr
2700.4x45.28x148.08x-.--% 28TCr
26.03x5.22x16.46x1.46% 24TCr
86.99x8.45x22.61x-.--% 14TCr
58.52x15.77x41.53x-.--% 13TCr
495.26x21.25x83.97x-.--% 9.95TCr
Average 379.47x 20.93x 54.84x 0.4% 59.45TCr
Weighted average by Cap. 180.55x 15.31x 31.85x 0.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA