GRID DYNAMICS HOLDINGS, INC. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.48 USD | -4.73% |
|
+7.01% | -21.01% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 640.8 | 2,478 | 830.3 | 1,008 | 841.7 | - | - |
| Enterprise Value (EV) 1 | 640.8 | 2,333 | 573.5 | 750.4 | 563.3 | 517.7 | 458.8 |
| P/E ratio | -45 x | -292 x | -26.7 x | -667 x | -1,074 x | 63 x | 62.9 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 5.76 x | 11.7 x | 2.67 x | 3.22 x | 2.53 x | 2.14 x | 1.76 x |
| EV / Revenue | 5.76 x | 11 x | 1.85 x | 2.4 x | 1.69 x | 1.32 x | 0.96 x |
| EV / EBITDA | 51.1 x | 59.7 x | 9.85 x | 17 x | 11.8 x | 8.53 x | 5.91 x |
| EV / FCF | 174 x | 176 x | 22.4 x | 22.6 x | 18.8 x | 11.8 x | 7.91 x |
| FCF Yield | 0.57% | 0.57% | 4.46% | 4.43% | 5.33% | 8.5% | 12.6% |
| Price to Book | - | 9.81 x | 2.14 x | 2.64 x | 2.13 x | 1.98 x | 1.81 x |
| Nbr of stocks (in thousands) | 50,860 | 65,252 | 73,999 | 75,590 | 76,521 | - | - |
| Reference price 2 | 12.60 | 37.97 | 11.22 | 13.33 | 11.00 | 11.00 | 11.00 |
| Announcement Date | 04/03/21 | 03/03/22 | 23/02/23 | 22/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 118.3 | 111.3 | 211.3 | 310.5 | 312.9 | 332.7 | 393.2 | 477.9 |
| EBITDA 1 | - | 12.55 | 39.08 | 58.21 | 44.25 | 47.56 | 60.71 | 77.69 |
| EBIT 1 | - | -15.45 | 0.05 | -21.01 | -5.58 | -0.418 | 13.59 | - |
| Operating Margin | - | -13.88% | 0.02% | -6.77% | -1.78% | -0.13% | 3.46% | - |
| Earnings before Tax (EBT) 1 | - | -15.21 | -2.452 | -20.45 | 4.838 | 0.7 | 14.64 | - |
| Net income 1 | - | -12.6 | -7.7 | -29.21 | -1.765 | -1.059 | 11.55 | 15.04 |
| Net margin | - | -11.32% | -3.64% | -9.41% | -0.56% | -0.32% | 2.94% | 3.15% |
| EPS 2 | 0.8300 | -0.2800 | -0.1300 | -0.4200 | -0.0200 | -0.0102 | 0.1747 | 0.1750 |
| Free Cash Flow 1 | - | 3.68 | 13.26 | 25.58 | 33.22 | 30 | 44 | 58 |
| FCF margin | - | 3.31% | 6.27% | 8.24% | 10.62% | 9.02% | 11.19% | 12.14% |
| FCF Conversion (EBITDA) | - | 29.33% | 33.93% | 43.95% | 75.09% | 63.08% | 72.48% | 74.66% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 380.86% | 385.74% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 09/03/20 | 04/03/21 | 03/03/22 | 23/02/23 | 22/02/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 66.54 | 71.41 | 77.34 | 81.16 | 80.58 | 80.08 | 77.34 | 77.42 | 78.07 | 79.82 | 81.08 | 84.39 | 87.27 | 87.8 | 89.9 |
| EBITDA 1 | 11.58 | 11.38 | 13.28 | 17.09 | 16.47 | 10.83 | 11.98 | 10.73 | 10.7 | 10.29 | 10.97 | 12.33 | 13.44 | - | - |
| EBIT 1 | -1.526 | 0.203 | -10.85 | -4.75 | -5.612 | -5.992 | 1.334 | 0.143 | -1.065 | -5.542 | 0.5835 | 1.568 | 2.76 | - | - |
| Operating Margin | -2.29% | 0.28% | -14.03% | -5.85% | -6.96% | -7.48% | 1.72% | 0.18% | -1.36% | -6.94% | 0.72% | 1.86% | 3.16% | - | - |
| Earnings before Tax (EBT) 1 | -3.013 | -0.497 | -11.48 | -3.3 | -5.181 | -4.31 | 4.342 | 3.302 | 1.504 | -3.017 | 0.4 | 1.2 | 2.2 | - | - |
| Net income 1 | -3.606 | -2.667 | -13.19 | -6.659 | -6.702 | -7.97 | 2.627 | 0.676 | 2.902 | -3.948 | 0.3 | 0.8 | 1.5 | - | - |
| Net margin | -5.42% | -3.73% | -17.05% | -8.2% | -8.32% | -9.95% | 3.4% | 0.87% | 3.72% | -4.95% | 0.37% | 0.95% | 1.72% | - | - |
| EPS 2 | -0.0600 | -0.0400 | -0.2000 | -0.1000 | -0.0900 | -0.1100 | 0.0300 | 0.0100 | 0.0400 | -0.0500 | 0.005700 | 0.0178 | 0.0153 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 03/03/22 | 05/05/22 | 04/08/22 | 03/11/22 | 23/02/23 | 04/05/23 | 03/08/23 | 02/11/23 | 22/02/24 | 02/05/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 144 | 257 | 257 | 278 | 324 | 383 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 3.68 | 13.3 | 25.6 | 33.2 | 30 | 44 | 58 |
| ROE (net income / shareholders' equity) | - | - | 12.8% | 12.4% | 6.72% | 4.04% | 6.29% | 7.31% |
| ROA (Net income/ Total Assets) | - | - | 11.4% | 11% | 5.93% | 5.42% | 7.39% | 8.06% |
| Assets 1 | - | - | -67.54 | -266.3 | -29.78 | -19.53 | 156.3 | 186.6 |
| Book Value Per Share 2 | - | - | 3.870 | 5.250 | 5.050 | 5.170 | 5.570 | 6.090 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | - | 2.25 | 4.72 | 6.07 | 7.87 | 8 | 7 | 9 |
| Capex / Sales | - | 2.02% | 2.23% | 1.95% | 2.52% | 2.4% | 1.78% | 1.88% |
| Announcement Date | 09/03/20 | 04/03/21 | 03/03/22 | 23/02/23 | 22/02/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
11
USD
Average target price
15.08
USD
Spread / Average Target
+37.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -21.01% | 842M | |
| -13.41% | 196B | |
| +4.40% | 172B | |
| +1.97% | 156B | |
| +5.09% | 99.43B | |
| +10.93% | 80.17B | |
| +24.15% | 75.89B | |
| -6.70% | 70.99B | |
| -21.05% | 52.69B | |
| -9.96% | 42.62B |
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