Added to YB: 2024-04-11
Pitch date: 2024-04-08
FDEV.L [bullish]
Frontier Developments plc
+114.52%
current return
Author Info
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Company Info
Frontier Developments plc develops and publishes video games for the interactive entertainment sector.
Market Cap
GBP 148.5M
Pitch Price
GBP 2.10
Price Target
6.00 (+36%)
Dividend
N/A
EV/EBITDA
6.94
P/E
8.86
EV/Sales
1.23
Sector
Entertainment
Category
turnaround
No Deep Dives: Q1 2024 Review - New position in $FDEV.L
FDEV.L: Game dev focused on creative mgmt sims. Cuts to boost margins & 3 new games for 2025-27 after overexpansion missteps. Now £67M MCap w/ £85M '24 rev (-20% YoY), targeting '25 growth & profit. Founder 33%, Tencent 8%. Bullish case 20% EBIT margin on £120M = 600p/sh (+227%). Cash concerns eased.
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