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Technology - Electronic Gaming & Multimedia - NASDAQ - CY
$ 21.585
13.8 %
$ 391 M
Market Cap
13.48
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one GDEV stock under the worst case scenario is HIDDEN Compared to the current market price of 21.6 USD, GDEV Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one GDEV stock under the base case scenario is HIDDEN Compared to the current market price of 21.6 USD, GDEV Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 6, 2025.

The intrinsic value of one GDEV stock under the best case scenario is HIDDEN Compared to the current market price of 21.6 USD, GDEV Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart GDEV

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$22.0$22.0$20.0$20.0$18.0$18.0$16.0$16.0$14.0$14.0$12.0$12.0$10.0$10.0$8.0$8.015 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '25
FINANCIALS
421 M REVENUE
-9.39%
40.5 M OPERATING INCOME
5.57%
25.5 M NET INCOME
-44.63%
28.5 M OPERATING CASH FLOW
58.88%
55.9 M INVESTING CASH FLOW
272.20%
-44.9 M FINANCING CASH FLOW
-2206.72%
111 M REVENUE
4.57%
14.6 M OPERATING INCOME
-2.51%
14.6 M NET INCOME
-0.65%
11.9 M OPERATING CASH FLOW
5.84%
24.3 M INVESTING CASH FLOW
153.60%
-1.07 M FINANCING CASH FLOW
-721.54%
Balance Sheet GDEV Inc.
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Current Assets 180 M
Cash & Short-Term Investments 135 M
Receivables 38.1 M
Other Current Assets 6.71 M
Non-Current Assets 92.6 M
Long-Term Investments 16.1 M
PP&E 2.91 M
Other Non-Current Assets 73.6 M
49.53 %13.99 %5.92 %27.03 %Total Assets$272.2m
Current Liabilities 263 M
Accounts Payable 12.9 M
Short-Term Debt 2.56 M
Other Current Liabilities 248 M
Non-Current Liabilities 110 M
Long-Term Debt 18 K
Other Non-Current Liabilities 110 M
3.46 %66.34 %29.50 %Total Liabilities$373.7m
EFFICIENCY
Earnings Waterfall GDEV Inc.
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Revenue 421 M
Cost Of Revenue 142 M
Gross Profit 279 M
Operating Expenses 238 M
Operating Income 40.5 M
Other Expenses 15 M
Net Income 25.5 M
450m450m400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m00421m(142m)279m(238m)40m(15m)26mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
66.26% GROSS MARGIN
66.26%
9.62% OPERATING MARGIN
9.62%
6.07% NET MARGIN
6.07%
-25.15% ROE
-25.15%
9.38% ROA
9.38%
304.35% ROIC
304.35%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis GDEV Inc.
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140m140m120m120m100m100m80m80m60m60m40m40m20m20m00202020202021202120222022202320232024202420252025
Net Income 25.5 M
Depreciation & Amortization 6.18 M
Capital Expenditures -438 K
Stock-Based Compensation 1.28 M
Change in Working Capital -14.4 M
Others -4.6 M
Free Cash Flow 28.1 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets GDEV Inc.
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GDEV has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
3.31 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
3.503.503.003.002.502.502.002.001.501.501.001.000.500.500.000.003.313.3120252025
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership GDEV Inc.
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Sold
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3-6 MONTHS
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6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
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3-6 MONTHS
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6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
New Strong Buy Stocks for June 5th PEGA, TELNY, GDEV, OPBK and DB have been added to the Zacks Rank #1 (Strong Buy) List on June 5, 2025. zacks.com - 1 week ago
4 Discretionary Stocks to Buy as Inflation Continues to Cool With inflation cooling and consumer sentiment rising, stocks like TILE, KTB, GDEB, NFLX may offer strong upside potential. zacks.com - 1 week ago
GDEV's Founder CEO Evaluates M&A Deals Using These 5 Metrics In entertainment and video games, game pipeline and intellectual portfolio are among the first things that investors pay attention to. The more diverse a company's portfolio with existing titles and upcoming games, the better. benzinga.com - 2 weeks ago
GDEV announces results for the first quarter of 2025 LIMASSOL, Cyprus, May 16, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (NASDAQ: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”) released its financial and operational results for the first quarter ended March 31, 2025. globenewswire.com - 1 month ago
GDEV Inc. (GDEV) Upgraded to Buy: What Does It Mean for the Stock? GDEV Inc. (GDEV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. zacks.com - 2 months ago
GDEV Inc. (GDEV) Soars 20.2%: Is Further Upside Left in the Stock? GDEV Inc. (GDEV) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. zacks.com - 2 months ago
GDEV Provides Clarification In Respect Of Previously Announced Special Cash Dividend LIMASSOL, Cyprus, Feb. 25, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (Nasdaq: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), today issued a clarification in respect of its previously announced one-time, nonrecurring special cash dividend of $3.31 per share, payable on March 11, 2025, to the Company's shareholders of record as of the close of business on March 3, 2025. According to Nasdaq, the ex-dividend date for Nasdaq trading will be March 12, 2025. globenewswire.com - 3 months ago
GDEV Inc. (GDEV) Moves 46.6% Higher: Will This Strength Last? GDEV Inc. (GDEV) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. zacks.com - 3 months ago
GDEV Declares One-Time, Nonrecurring Special Cash Dividend of $3.31 Per Share LIMASSOL, Cyprus, Feb. 21, 2025 (GLOBE NEWSWIRE) -- GDEV Inc. (Nasdaq: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), today announced that its Board of Directors has authorized and approved a one-time, nonrecurring special cash dividend of $3.31 per share, representing a yield of approximately 20% based on the volume-weighted average price of the Company's shares for the last 30 trading days prior to today's announcement. The special dividend is payable on March 11, 2025, to the Company's shareholders of record as of the close of business on March 3, 2025. globenewswire.com - 3 months ago
GDEV Aligns Leadership as Founder and CEO Andrey Fadeev Appointed Chairperson of the Board GDEV Inc. announces the appointment of Andrey Fadeev, GDEV's founder and CEO and a member of the Company's Board of Directors, as Chairperson of the Board. globenewswire.com - 4 months ago
3 Gaming Stocks Set to Capitalize on Promising Industry Trends Robust online betting demand bodes well for the Gaming industry. Stocks like FLUT, GME and GDEV benefit from improving industry trends. zacks.com - 5 months ago
GDEV Inc. (GDEV) Loses -15.68% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner GDEV Inc. (GDEV) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock. zacks.com - 6 months ago
8. Profile Summary

GDEV Inc. GDEV

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COUNTRY CY
INDUSTRY Electronic Gaming & Multimedia
MARKET CAP $ 391 M
Dividend Yield 0.00%
Description GDEV Inc. operates as a gaming and entertainment company 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.
Contact 55, Griva Digeni, Limassol, 3101 https://gdev.inc
IPO Date Oct. 5, 2020
Employees 589
Officers Yulia Dementieva General Counsel Mr. Alexander Karavaev Chief Financial Officer Mr. Roman Safiyulin Chief Corporate Development Officer Mr. Andrey Fadeev Co-Founder, Chairman of the Board & Chief Executive Officer Ms. Olga Loskutova Chief Operating Officer Dr. Anton Reinhold Chief Executive Officer of Flagship Game Studio & Nexters Global