N

Nexters Inc
NASDAQ:GDEV

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Nexters Inc
NASDAQ:GDEV
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Price: 18.4 USD 12.54% Market Closed
Market Cap: 333.6m USD

Relative Value

The Relative Value of one GDEV stock under the Base Case scenario is 24.24 USD. Compared to the current market price of 18.4 USD, Nexters Inc is Undervalued by 24%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

GDEV Relative Value
Base Case
24.24 USD
Undervaluation 24%
Relative Value
Price
N
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
82
vs Industry
70
Median 3Y
1.2
Median 5Y
7
Industry
1.5
Forward
0.8
vs History
22
vs Industry
43
Median 3Y
9.8
Median 5Y
-10.7
Industry
18.3
Forward
8.3
vs History
86
vs Industry
37
Median 3Y
24.3
Median 5Y
24.6
Industry
11.2
vs History
86
vs Industry
33
Median 3Y
28.6
Median 5Y
28.9
Industry
15.7
vs History
vs Industry
Median 3Y
-5
Median 5Y
-87
Industry
1.8
vs History
86
vs Industry
77
Median 3Y
0.9
Median 5Y
7
Industry
1.6
Forward
0.5
vs History
86
vs Industry
78
Median 3Y
1.4
Median 5Y
10.8
Industry
3.5
vs History
44
vs Industry
53
Median 3Y
5.9
Median 5Y
2.2
Industry
9
Forward
4.1
vs History
44
vs Industry
48
Median 3Y
7.1
Median 5Y
2.6
Industry
12.7
Forward
4.5
vs History
86
vs Industry
45
Median 3Y
16.1
Median 5Y
16.3
Industry
10.8
vs History
86
vs Industry
42
Median 3Y
16.8
Median 5Y
17
Industry
13.3
vs History
75
vs Industry
51
Median 3Y
2.8
Median 5Y
2.9
Industry
1.5

Multiples Across Competitors

GDEV Competitors Multiples
Nexters Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
VG
Nexters Inc
NASDAQ:GDEV
333.2m USD 0.8 13.1 4.3 4.9
JP
Nintendo Co Ltd
TSE:7974
14.8T JPY 12.7 53.2 42.8 45.2
SG
Sea Ltd
NYSE:SE
90.6B USD 5.1 104.1 61.4 84.3
CN
NetEase Inc
NASDAQ:NTES
82.9B USD 5.5 18.4 13.4 14.3
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 8.5 34.2 24.6 28.9
US
Roblox Corp
NYSE:RBLX
69.2B USD 18 -78.6 -85.5 -66.4
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
42.2B USD 7.5 -9.4 64.5 -89.1
US
Electronic Arts Inc
NASDAQ:EA
37.9B USD 5.1 33.8 19.2 23.6
JP
Konami Holdings Corp
TSE:9766
3T JPY 7 39.5 20.7 26.5
JP
Nexon Co Ltd
TSE:3659
2.3T JPY 5.1 18.4 11.6 12.5
JP
Capcom Co Ltd
TSE:9697
2T JPY 11.6 40.7 25.7 27.5
P/E Multiple
Earnings Growth PEG
VG
N
Nexters Inc
NASDAQ:GDEV
Average P/E: 39.5
13.1
N/A N/A
JP
Nintendo Co Ltd
TSE:7974
53.2
N/A N/A
SG
Sea Ltd
NYSE:SE
104.1
98%
1.1
CN
NetEase Inc
NASDAQ:NTES
18.4
16%
1.1
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -78.6 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -9.4 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
33.8
32%
1.1
JP
Konami Holdings Corp
TSE:9766
39.5
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
18.4
-4%
N/A
JP
Capcom Co Ltd
TSE:9697
40.7
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
VG
N
Nexters Inc
NASDAQ:GDEV
Average EV/EBITDA: 28.8
4.3
N/A N/A
JP
Nintendo Co Ltd
TSE:7974
42.8
34%
1.3
SG
Sea Ltd
NYSE:SE
61.4
77%
0.8
CN
NetEase Inc
NASDAQ:NTES
13.4
14%
1
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -85.5 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
64.5
56%
1.2
US
Electronic Arts Inc
NASDAQ:EA
19.2
19%
1
JP
Konami Holdings Corp
TSE:9766
20.7
13%
1.6
JP
N
Nexon Co Ltd
TSE:3659
11.6
1%
11.6
JP
Capcom Co Ltd
TSE:9697
25.7
13%
2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
VG
N
Nexters Inc
NASDAQ:GDEV
Average EV/EBIT: 29.7
4.9
N/A N/A
JP
Nintendo Co Ltd
TSE:7974
45.2
N/A N/A
SG
Sea Ltd
NYSE:SE
84.3
92%
0.9
CN
NetEase Inc
NASDAQ:NTES
14.3
16%
0.9
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
36%
0.8
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -66.4 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -89.1 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
23.6
23%
1
JP
Konami Holdings Corp
TSE:9766
26.5
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
12.5
N/A N/A
JP
Capcom Co Ltd
TSE:9697
27.5
N/A N/A