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Flags

Earnings warning

GDEV

NMQ:GDEV · VGG6529J2092
EntertainmentSmall

360

80
Medium confidence — indicative
EV / EBIT93
Price / Owner Earnings62
Owner Earnings Yield96
Dividend Yield1
Price/Sales64
EV / Gross Profit90
Price/Book100
Returns on capital4
EBIT Margin93
Gross Profitability100
Cash Conversion27
Accruals1
Owner Earnings Margin85
Sales growth67
Profit Growth79
Long-Term EPS Growth67
Owner Earnings Growth84
Reinvestment7
Price momentum15
Debt load100
Refinancing5
Debt Payback100
Liquidity100
Analyst ratings100
Expectations trend2
Market mood1
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

GDEV clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryCyprus
IndustryEntertainment
SizeSmall
TypePublic Company
ExchangeNASDAQGM
Employees50
Websitegdev.inc
ISINVGG6529J2092
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)
Themes
Digital MediaVirtual GoodsVideo GamesVideo AdvertisingOnline GamesPC Games

Description

GDEV Inc. builds mobile, web and social games for millions of players to enjoy globally. The company’s games are free to play, and the company continuously innovates its games to provide novel, curated in-game content to the company’s users at optim…

Analysis

Bargain bin

GDEV Inc. falls in the bargain bin: the price is low relative to peers, but the business metrics give reason to pause.

The price is attractive. You pay 3.1× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is moderate and the balance sheet is uncertain. The company scores 10/20 on our value-creation score: creating some value.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
49
2026

All-time high

98

Mar 2026

All-time low

49

Jun 2026

Average rank

74

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
64
—
—
—
Price/Earnings
100
—
—
—
Price/Book
100
—
—
—
Dividend Yield
1
—
—
—
Value (overall)
72
—
—
—

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →