Added to YB: 2024-02-21
Pitch date: 2024-02-20
FDEV.L [bullish]
Frontier Developments plc
+254.04%
current return
Author Info
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Company Info
Frontier Developments plc develops and publishes video games for interactive entertainment sector. The company develops games using its cross-platform technology, Cobra.
Market Cap
GBP 141.0M
Pitch Price
GBP 1.36
Price Target
5.33 (+11%)
Dividend
N/A
EV/EBITDA
11.24
P/E
9.17
EV/Sales
1.51
Sector
Entertainment
Category
turnaround
Show full summary:
Frontier Developments plc: Strategic Shifts and Opportunities in the Gaming Industry
FDEV.L: Video game maker cuts costs, pivots to core management sims. New title late '24, console ports & tax relief avoid equity raise. £4.5m/mo back catalog revenue, breakeven. Hit game could mean £60m revenue, £15m+ profit at 70% margin, no tax. £54m mcap, 4x return potential.
Read full article (1 min)