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GDEV Inc.

Communication Services US GDEV

34.8USD
2.59(8.04%)

Last update at 2024-10-07T18:48:00Z

Day Range

30.0037.89
LowHigh

52 Week Range

1.907.40
LowHigh

Fundamentals

  • Previous Close 32.21
  • Market Cap418.26M
  • Volume5117
  • P/E Ratio8.88
  • Dividend Yield-%
  • EBITDA43.17M
  • Revenue TTM464.55M
  • Revenue Per Share TTM2.35
  • Gross Profit TTM 306.03M
  • Diluted EPS TTM0.26

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Income before tax 11.17M -116.31700M 0.11M -35.51900M
Minority interest -0.10700M - 0.00000M -
Net income 7.30M -117.44400M -0.75100M -35.52600M
Selling general administrative 36.83M 23.03M 3.69M 2.61M
Selling and marketing expenses 146.45M 270.17M 165.76M 82.18M
Gross profit 306.03M 297.92M 168.34M 49.32M
Reconciled depreciation 6.90M 2.54M 0.56M 0.29M
Ebit 108.34M 127.62M -1.66700M -35.75900M
Ebitda 115.24M 130.16M -1.10600M -35.47300M
Depreciation and amortization 6.90M 2.54M 0.56M 0.29M
Non operating income net other - - - -
Operating income 108.34M 127.62M -1.66700M -35.75900M
Other operating expenses 362.51M 431.91M 262.56M 129.57M
Interest expense 0.48M 243.94M 0.04M 0.24M
Tax provision 3.76M 1.13M 0.86M 0.00700M
Interest income 1.64M - 0.00700M -
Net interest income 0.80M 6.94M 1.78M 0.24M
Extraordinary items - - - -
Non recurring - - - -
Other items - - - -
Income tax expense 3.76M 1.13M 0.86M 0.00700M
Total revenue 479.69M 434.09M 260.89M 93.81M
Total operating expenses 188.85M 295.74M 170.01M 85.08M
Cost of revenue 173.66M 136.17M 92.55M 44.49M
Total other income expense net -97.17000M -243.93700M 1.78M 0.24M
Discontinued operations - - - -
Net income from continuing ops 7.41M -117.44400M -0.75100M -35.52600M
Net income applicable to common shares 7.30M -117.45500M -0.75100M -35.52600M
Preferred stock and other adjustments - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 320.55M 322.04M 312.98M 211.55M 80.47M
Intangible assets 8.48M 12.98M 0.27M 0.08M 0.34M
Earning assets - - - - -
Other current assets 93.28M 2.51M - - 0.63M
Total liab 420.37M 470.82M 474.03M 313.46M 129.03M
Total stockholder equity -99.81200M -148.77600M -161.09200M -101.90800M -48.56900M
Deferred long term liab - 94.68M 116.53M 89.59M 37.12M
Other current liab 45.42M 13.81M 11.20M 7.73M 93.01M
Common stock - - - 0.03M 0.03M
Capital stock 0.00000M 0.00000M 0.00000M 0.03M -
Retained earnings -274.07900M -320.19400M -327.49700M -114.01900M -56.70200M
Other liab - 137.97M 150.10M 79.22M 22.95M
Good will 1.84M 1.84M 1.50M 0.00000M -
Other assets 0.00000M 98.21M 116.67M 89.59M 37.12M
Cash 71.80M 86.77M 142.80M 84.56M 17.57M
Cash and equivalents - - - - -
Total current liabilities 302.76M 332.40M 322.82M 233.42M 106.02M
Current deferred revenue 234.18M 295.55M 294.61M 215.56M -
Net debt -69.35700M -85.58700M -140.86800M -83.39700M -17.56500M
Short term debt 1.46M 0.74M 0.83M 0.34M -
Short long term debt - - - 0.05M -
Short long term debt total 2.44M 1.19M 1.93M 1.16M -
Other stockholder equity 25.53M 167.93M 166.41M 12.08M 8.11M
Property plant equipment - 2.25M 3.40M 1.22M 0.13M
Total current assets 213.88M 188.87M 191.15M 120.68M 42.88M
Long term investments 18.07M 17.90M - - -
Net tangible assets - -163.58900M -162.85900M -101.98400M -48.90500M
Short term investments 84.24M 50.37M - - 0.91M
Net receivables 48.80M 42.90M 42.75M 30.94M 23.77M
Long term debt - - - - -
Inventory -14.80900M 6.31M - - 0.00000M
Accounts payable 21.71M 22.30M 16.19M 9.79M 13.01M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 148.74M 3.49M 166.41M 12.08M -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 74.10M 98.11M 0.11M 89.59M -0.46900M
Deferred long term asset charges - - - - -
Non current assets total 106.68M 133.18M 121.83M 90.88M 0.47M
Capital lease obligations 2.44M 1.19M 1.93M 1.11M -
Long term debt total - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -171.78300M -2.71900M 0.36M -0.34500M
Change to liabilities -27.96000M 137.50M 183.54M 88.14M
Total cashflows from investing activities -171.78300M -2.71900M 0.36M -0.34500M
Net borrowings -2.01300M -2.18100M -4.32100M 4.05M
Total cash from financing activities -1.90400M -42.97800M -56.04700M -0.15600M
Change to operating activities 21.85M -26.94600M -52.46500M -23.44800M
Net income 7.41M -117.44400M -0.75100M -35.52600M
Change in cash -56.02800M 58.24M 66.99M 14.49M
Begin period cash flow 142.80M 84.56M 17.57M 3.07M
End period cash flow 86.77M 142.80M 84.56M 17.57M
Total cash from operating activities 116.08M 105.52M 120.62M 14.95M
Issuance of capital stock - - - -
Depreciation 6.90M 2.54M 0.56M 0.29M
Other cashflows from investing activities - - - -
Dividends paid 0.00000M 160.37M 51.68M 4.12M
Change to inventory - - - -
Change to account receivables -4.49800M -12.68200M -7.49000M -20.44300M
Sale purchase of stock - - - -
Other cashflows from financing activities 0.11M 119.57M -0.04300M 6.42M
Change to netincome 112.38M 122.56M -2.77400M 5.94M
Capital expenditures 1.06M 1.44M 0.15M 0.10M
Change receivables - - - -
Cash flows other operating - - - -
Exchange rate changes - - - -
Cash and cash equivalents changes - - - -
Change in working capital -10.60700M 97.87M 123.59M 44.25M
Stock based compensation 3.75M 3.76M 2.28M 6.46M
Other non cash items 104.87M 117.66M -5.91200M -0.52700M
Free cash flow 115.02M 104.08M 120.48M 14.85M

Peer Comparison

Sector: Communication Services Industry: Electronic Gaming & Multimedia

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
GDEV
GDEV Inc.
2.59 8.04% 34.80 8.88 - 0.96 - 0.66 -9.5385
NETTF
NetEase Inc
-0.238 1.13% 20.74 15.30 13.61 0.66 3.89 0.52 1.86
NTES
NetEase Inc
-3.8 3.71% 98.53 13.81 12.32 0.60 3.46 0.46 1.54
NTDOY
Nintendo Co ADR
0.36 2.73% 13.55 16.90 23.81 0.03 3.25 0.02 0.06
NTDOF
Nintendo Co. Ltd
2.56 4.89% 55.00 16.96 24.04 0.03 3.28 0.02 0.06

Reports Covered

Stock Research & News

Profile

GDEV Inc. operates as a mobile game developer in the United States, Europe, Asia, and internationally. It develops desktop, mobile, web, and social games. The company was formerly known as Nexters Inc. and changed its name to GDEV Inc. in June 2023. GDEV Inc. was founded in 2010 and is headquartered in Limassol, Cyprus.

GDEV Inc.

55, Griva Digeni, Limassol, Cyprus, 3101

Key Executives

Name Title Year Born
Mr. Andrey Fadeev Co-founder, CEO & Director 1986
Mr. Boris Gertsovskiy Co-Founder & Director 1978
Mr. Alexander Karavaev Chief Financial Officer 1975
Dr. Anton Reinhold Chief Operating Officer 1986
Mr. Andrey Kuznetsov Chief Investment Officer 1991
Yulia Dementieva Gen. Counsel NA
Mr. Andrey Akimov Chief Communications Officer 1982
Mr. Roman Safiyulin Chief Corp. Devel. Officer 1990
Dr. Anton Reinhold Chief Operating Officer 1987
Yulia Dementieva General Counsel NA

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