Financials Devolver Digital, Inc.

Equities

DEVO

USU0858L1036

Internet Services

Market Closed - London S.E. Other stock markets 11:35:20 2024-04-26 am EDT			5-day change	1st Jan Change
23 ^GBX	-2.13%		-2.13%	+17.95%

Apr. 18	Devolver Digital loss narrows as eyes return to profit via new games	AN
Apr. 18	Devolver Digital, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025
Capitalization ¹	1,221	339.7	127.4	127.4	-
Enterprise Value (EV) ¹	1,134	260.2	110.4	84.88	84.74
P/E ratio	34.9 x	-3.73 x	-8.56 x	358 x	39.1 x
Yield	-	-	-	-	-
Capitalization / Revenue	12.4 x	2.52 x	1.2 x	1.19 x	1.06 x
EV / Revenue	11.6 x	1.93 x	1.2 x	0.79 x	0.7 x
EV / EBITDA	44.1 x	11.2 x	65.8 x	10.9 x	7.76 x
EV / FCF	-22.6 x	-108 x	-9.31 x	-13.2 x	12.5 x
FCF Yield	-4.43%	-0.93%	-10.7%	-7.6%	8.02%
Price to Book	4.23 x	1.97 x	0.93 x	0.87 x	0.86 x
Nbr of stocks (in thousands)	442,257	442,257	444,832	444,832	-
Reference price ²	2.760	0.7680	0.2865	0.2865	0.2865
Announcement Date	4/4/22	4/11/23	4/18/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	98.15	134.6	92.36	107.2	120.6
EBITDA ¹	25.73	23.21	1.677	7.76	10.92
EBIT ¹	51.88	-99.13	-13.01	-1.3	5.3
Operating Margin	52.86%	-73.67%	-14.08%	-1.21%	4.4%
Earnings before Tax (EBT) ¹	51.89	-98.76	-11.7	0.025	4.075
Net income ¹	32.37	-91.47	-12.74	-0.525	2.4
Net margin	32.98%	-67.98%	-13.8%	-0.49%	1.99%
EPS ²	0.0790	-0.2060	-0.0290	0.000800	0.007330
Free Cash Flow ¹	-50.25	-2.418	-8.967	-6.45	6.8
FCF margin	-51.2%	-1.8%	-9.89%	-6.02%	5.64%
FCF Conversion (EBITDA)	-	-	-	-	62.24%
FCF Conversion (Net income)	-	-	-	-	283.33%
Dividend per Share ²	-	-	-	-	-
Announcement Date	4/4/22	4/11/23	4/18/24	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2022 S1	2022 S2
Net sales ¹	53	81.56
EBITDA	6.818	-
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT)	-	-
Net income	-	-
Net margin	-	-
EPS	-	-
Dividend per Share	-	-
Announcement Date	9/26/22	4/11/23

¹USD in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-
Net Cash position ¹	86.2	79.5	44	42.6	42.7
Leverage (Debt/EBITDA)	-	-	-	-	-
Free Cash Flow ¹	-50.2	-2.42	-8.97	-6.45	6.8
ROE (net income / shareholders' equity)	20.4%	-43.6%	-8.3%	1.2%	2.8%
ROA (Net income/ Total Assets)	-	-	-	-	-
Assets ¹	-	-	-	-	-
Book Value Per Share ²	0.6500	0.3900	0.3100	0.3300	0.3300
Cash Flow per Share ²	-0.0400	0.0700	0.0400	0.0400	0.0800
Capex ¹	34.3	32.7	26.6	29.7	29.1
Capex / Sales	34.99%	24.31%	29.38%	27.71%	24.16%
Announcement Date	4/4/22	4/11/23	4/18/24	-	-

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

Ratings for Devolver Digital, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.2865 USD

Average target price

0.4881 USD

Spread / Average Target

+70.37%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Internet Gaming

	1st Jan change	Capi.
DEVOLVER DIGITAL, INC.	+17.95%	127M
NETEASE, INC.	+3.04%	61.86B
NEXON CO., LTD.	-3.35%	13.24B
KRAFTON, INC.	+18.54%	7.71B
KUNLUN TECH CO., LTD.	+6.47%	6.68B
37 INTERACTIVE ENTERTAINMENT NETWORK TECHNOLOGY GROUP CO., LTD.	-11.96%	5.04B
SQUARE ENIX HOLDINGS CO., LTD.	+13.19%	4.37B
ZHEJIANG CENTURY HUATONG GROUP CO.,LTD	-20.74%	4.15B
NETMARBLE CORPORATION	-8.26%	3.17B
GIANT NETWORK GROUP CO., LTD.	+1.53%	2.97B

Internet Gaming