Frontier Developments PLC
LSE:FDEV

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Frontier Developments PLC
LSE:FDEV
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Price: 329.5 GBX -3.09% Market Closed
Market Cap: £118.8m

P/FCFE

6.9
Current
38%
Cheaper
vs 3-y average of 11.1

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
6.9
=
Market Cap
GBX143.7m
/
Free Cash Flow to Equity
£17.6m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
6.9
=
Market Cap
GBX143.7m
/
Free Cash Flow to Equity
£17.6m

Valuation Scenarios

Frontier Developments PLC is trading below its 3-year average

If P/FCFE returns to its 3-Year Average (11.1), the stock would be worth GBX530 (61% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-98%
Maximum Upside
+91%
Average Downside
11%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 6.9 GBX329.5
0%
3-Year Average 11.1 GBX530
+61%
5-Year Average 13.2 GBX630.28
+91%
Industry Average 0.1 GBX6.76
-98%
Country Average 0.2 GBX9.75
-97%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
UK
Frontier Developments PLC
LSE:FDEV
121.8m GBP 6.9 6.1
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 30.3 34.2
CN
NetEase Inc
NASDAQ:NTES
71.8B USD 11.5 14.5
JP
Nintendo Co Ltd
TSE:7974
9.2T JPY 69 22.9
US
Electronic Arts Inc
NASDAQ:EA
50.6B USD 22.4 74.4
SG
Sea Ltd
NYSE:SE
46.7B USD 9.8 29.6
US
Roblox Corp
NYSE:RBLX
40.7B USD 31 -38.3
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
39.6B USD -352.7 -10
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
124B CNY 22.5 32.9
JP
Konami Holdings Corp
TSE:9766
2.7T JPY 110.7 31.2
JP
Nexon Co Ltd
TSE:3659
2.1T JPY 13.4 22.7
P/E Multiple
Earnings Growth PEG
UK
Frontier Developments PLC
LSE:FDEV
Average P/E: 29.9
6.1
-22%
N/A
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
14.5
14%
1
JP
Nintendo Co Ltd
TSE:7974
22.9
26%
0.9
US
Electronic Arts Inc
NASDAQ:EA
74.4
32%
2.3
SG
Sea Ltd
NYSE:SE
29.6
27%
1.1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -38.3 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
32.9
104%
0.3
JP
Konami Holdings Corp
TSE:9766
31.2
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
22.7
18%
1.3

Market Distribution

Higher than 91% of companies in United Kingdom
Percentile
91th
Based on 1 918 companies
91th percentile
6.9
Low
0 — 0.1
Typical Range
0.1 — 0.4
High
0.4 —
Distribution Statistics
United Kingdom
Min 0
30th Percentile 0.1
Median 0.2
70th Percentile 0.4
Max 901.8

Frontier Developments PLC
Glance View

Market Cap
118.8m GBX
Industry
Media

Frontier Developments Plc engages in the development of videogames. The firm uses its COBRA game development technology to create various genre games, primarily for personal computers (PC) and video game consoles. In addition to self-publishing internally developed games, the Company also publishes games developed by selected partner studios under its Frontier Foundry games label. The firm's portfolio of games includes Elite Dangerous, Planet Coaster, Jurassic World Evolution, Planet Zoo, Jurassic World Evolution 2, and others. The firm has also released two titles under Frontier Foundry: RollerCoaster Tycoon 3: Complete Edition and Struggling on PC and Nintendo Switch. The firm's subsidiaries include Frontier Developments Inc. and Frontier Games Ltd.

FDEV Intrinsic Value
312.78 GBX
Overvaluation 5%
Intrinsic Value
Price GBX329.5
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