Added to YB: 2024-06-17
Pitch date: 2024-06-14
GMR.L [bullish]
Gaming Realms plc
-0.24%
current return
Author Info
No bio for this author
Company Info
Gaming Realms plc, together with its subsidiaries, develops, publishes, and licenses mobile gaming content in the United Kingdom, the United States, Isle of Man, Malta, Gibraltar, and internationally.
Market Cap
GBP 121.2M
Pitch Price
GBP 0.41
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.35
P/E
15.79
EV/Sales
3.34
Sector
Entertainment
Category
growth
Gaming Realms
GMR.L: B2B gaming IP provider in expanding market. Unique Slingo game (bingo+slots) with moat from wide portfolio. 85% revs from content licensing (+30% in '23), tailwinds from online casino growth. Experienced mgmt, aligned incentives (9% chairman stake). Undervalued at 8x '24 EV/EBITDA with 17% rev, 32% EBITDA growth. M&A potential from launch in grey markets, £28M tax losses, growth in new geos.
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