GameSquare Holdings, Inc. (GAME) vs GDEV Inc. (GDEV)

GameSquare Holdings, Inc. and GDEV Inc. are both Electronic Gaming & Multimedia companies. GDEV Inc. is the larger, with a market value of $190.2M against $35.4M — 5.4× the size. GameSquare Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; GDEV Inc. trades at 2.7×. GameSquare Holdings, Inc. grew revenue faster over the last twelve months: 769.8% against −4.63%. GDEV Inc. has the higher net margin (17.0% vs −96.1%) and the higher return on invested capital (0.00% vs −113.5%). Across the 16 metrics below, GDEV Inc. leads on 14 and GameSquare Holdings, Inc. on 2.

Valuation

Metric GAME GDEV Electronic Gaming & Multimedia median
P/E n/m 2.70 6.47
P/S 0.50 0.45 1.39
P/B 3.14 n/m 0.98
Price to free cash flow n/m 6.54 6.54
EV/EBITDA n/m 0.90 1.33
EV/Sales 0.61 0.17 0.97
Earnings yield (189.31%) 37.01% (2.89%)
Free cash flow yield (61.76%) 15.28% 0.00%

Profitability

Metric GAME GDEV Electronic Gaming & Multimedia median
Gross margin 45.72% 87.89% 70.26%
Operating margin (15.69%) 18.87% (8.19%)
Net margin (96.06%) 17.01% (9.89%)
Free cash flow margin (30.59%) 6.86% 0.00%
Return on equity (2,776.34%) (87.99%) 0.00%
Return on assets (117.08%) 28.66% (1.43%)
Return on invested capital (113.49%) 0.00% 0.00%

Growth

Metric GAME GDEV Electronic Gaming & Multimedia median
Revenue growth (TTM) 769.83% (4.63%) 13.58%
EPS growth (last fiscal year) 65.14% 173.19% (4.55%)
Revenue growth, 5-year CAGR 6.18% 9.16% (2.72%)
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GAME GDEV Electronic Gaming & Multimedia median
Debt to equity 0.00 0.00 0.00
Current ratio 0.90 0.75 1.61
Net debt to EBITDA 0.57 (1.39) 0.07

Dividend

Metric GAME GDEV Electronic Gaming & Multimedia median
Dividend yield — 0.00% —
Payout ratio — 0.00 —

Size

Metric GAME GDEV Electronic Gaming & Multimedia median
Market cap 35.41m 190.24m 50.21m

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