Company Valuation: Gaming Factory S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024
Capitalization 1 61.02 39.23 32.53 66.97 42.79
Change - -35.72% -17.07% 105.88% -36.11%
Enterprise Value (EV) 1 42.55 24.86 21.8 58.56 38.57
Change - -41.57% -12.32% 168.66% -34.14%
P/E ratio 10.3x -112x -4.18x -17x -4.69x
PBR 2.4x 1.3x 1.45x 2.88x 3.12x
PEG 0.4x 1x -0x 0.3x -0x
Capitalization / Revenue 21.3x 29.5x 12.7x 25.1x 12.8x
EV / Revenue 14.8x 18.7x 8.49x 22x 11.5x
EV / EBITDA 30x -16.6x -4.34x -17.2x -14.2x
EV / EBIT 30.2x -15.7x -4.23x -16.5x -13.3x
EV / FCF -37.1x -5.22x -14.4x -8.69x -10.5x
FCF Yield -2.69% -19.2% -6.94% -11.5% -9.49%
Dividend per Share 2 0.27 - - - -
Rate of return 1.99% - - - -
EPS 2 1.315 -0.0623 -1.381 -0.7021 -1.5
Distribution rate 20.5% - - - -
Net sales 1 2.866 1.331 2.566 2.668 3.347
EBITDA 1 1.42 -1.495 -5.025 -3.401 -2.712
EBIT 1 1.41 -1.584 -5.159 -3.548 -2.909
Net income 1 5.925 -0.349 -7.773 -3.951 -9.068
Net Debt 1 -18.47 -14.36 -10.73 -8.407 -4.218
Reference price 2 13.560 6.970 5.780 11.900 7.040
Nbr of stocks (in thousands) 4,500 5,628 5,628 5,628 6,078
Announcement Date 3/30/21 4/29/22 4/27/23 4/25/24 4/24/25
1PLN in Million2PLN
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 9.93M
25.78x3.67x22.26x2.23% 66.69B
18.29x8.79x15.12x - 6.22B
37.48x1.61x9.66x-.--% 2.62B
17.83x3.08x11.39x1.3% 1.78B
23.19x0.71x6.16x2.33% 1.56B
41.53x - - - 549M
Average 27.35x 3.57x 12.92x 1.47% 11.35B
Weighted average by Cap. 25.46x 3.93x 20.72x 2.13%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Gaming Factory S.A.
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