Financials Gaming Realms plc

Equities

Delayed London S.E. Other stock markets 06:27:28 2024-05-20 am EDT			5-day change	1st Jan Change
39.4 ^GBX	+1.81%		-5.74%	+12.41%

Apr. 09	Transcript : Gaming Realms plc, 2023 Earnings Call, Apr 09, 2024
Apr. 02	Gaming Realms hails Slingo Space Invaders, Tetris Slingo as profit up	AN

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	12.06	30.29	62.34	93.57	73	114.1	114.1	-
Enterprise Value (EV) ¹	12.06	28.57	62.34	89.16	70.46	95.48	100.4	91.87
P/E ratio	-	-	-	-	20.7 x	17.9 x	15.2 x	11.7 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	0.52 x	4.4 x	5.47 x	6.38 x	3.91 x	4.39 x	4.18 x	3.69 x
EV / Revenue	0.52 x	4.15 x	5.47 x	6.08 x	3.78 x	4.08 x	3.68 x	2.97 x
EV / EBITDA	-22.2 x	-95.2 x	21.2 x	15.7 x	9.03 x	9.49 x	7.56 x	5.76 x
EV / FCF	-2.31 x	-	-	62.4 x	30.8 x	21.7 x	16.2 x	10.9 x
FCF Yield	-43.3%	-	-	1.6%	3.25%	4.6%	6.17%	9.14%
Price to Book	-	-	-	-	4.17 x	4.35 x	3.87 x	3.05 x
Nbr of stocks (in thousands)	284,429	284,429	285,967	289,703	292,007	294,776	294,776	-
Reference price ²	0.0424	0.1065	0.2180	0.3230	0.2500	0.3870	0.3870	0.3870
Announcement Date	6/28/19	4/28/20	4/27/21	4/26/22	4/3/23	4/2/24	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	23.1	6.883	11.4	14.67	18.65	23.42	27.27	30.94
EBITDA ¹	-0.543	-0.3	2.94	5.675	7.8	10.06	13.29	15.94
EBIT ¹	-	-	-	1.695	3.756	5.782	8.767	11.23
Operating Margin	-	-	-	11.55%	20.14%	24.69%	32.15%	36.31%
Earnings before Tax (EBT) ¹	-	-	-	-	3.524	5.167	8.3	10.8
Net income ¹	-	-	-	-	3.614	5.925	7.7	9.95
Net margin	-	-	-	-	19.38%	25.3%	28.24%	32.16%
EPS ²	-	-	-	-	0.0121	0.0196	0.0255	0.0330
Free Cash Flow ¹	-5.219	-	-	1.43	2.291	4.395	6.2	8.4
FCF margin	-22.6%	-	-	9.75%	12.28%	18.76%	22.74%	27.15%
FCF Conversion (EBITDA)	-	-	-	25.19%	29.37%	43.68%	46.66%	52.7%
FCF Conversion (Net income)	-	-	-	-	63.38%	74.17%	80.52%	84.42%
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	6/28/19	4/28/20	4/27/21	4/26/22	4/3/23	4/2/24	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	-	1.72	-	4.41	2.54	7.46	13.7	22.2
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-5.22	-	-	1.43	2.29	4.39	6.2	8.4
ROE (net income / shareholders' equity)	-	-	-	-	23.3%	28.9%	22.1%	21%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	-	-	0.0600	0.0800	0.1000	0.1300
Cash Flow per Share ²	-0.0100	-0.0100	0.0100	0.0200	-	0.0300	0.0400	0.0500
Capex ¹	-	-	-	3.54	4.26	4.88	5.4	5.63
Capex / Sales	-	-	-	24.12%	22.84%	20.84%	19.8%	18.21%
Announcement Date	6/28/19	4/28/20	4/27/21	4/26/22	4/3/23	4/2/24	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.387 GBP

Average target price

0.54 GBP

Spread / Average Target

+39.53%

	1st Jan change	Capi.
GAMING REALMS PLC	+12.41%	145M
NETEASE, INC.	+12.68%	67.65B
NEXON CO., LTD.	+2.88%	14.39B
KRAFTON, INC.	+33.26%	8.81B
KUNLUN TECH CO., LTD.	-0.83%	6.24B
37 INTERACTIVE ENTERTAINMENT NETWORK TECHNOLOGY GROUP CO., LTD.	-10.85%	5.11B
ZHEJIANG CENTURY HUATONG GROUP CO.,LTD	-18.02%	4.31B
NETMARBLE CORPORATION	+13.08%	3.98B
SQUARE ENIX HOLDINGS CO., LTD.	-1.17%	3.74B
NCSOFT CORPORATION	-9.98%	3.25B