Free-to-play games for mobile platforms

G5 ENTERTAINMENT

G5 Entertainment develops and publishes free-to-play games for both smartphones and tablets. The games are family-friendly, easy to learn and target a wide audience of experienced and inexperienced players. Distribution is achieved digitally through the various app stores of Apple, Google, Amazon, and Windows. In addition to its proprietary games, the company also works as a publisher for games licensed from other developers, in which case a royalty is paid to the developer based on the game’s sales performance.



Key Figures

G5 ENTERTAINMENT

2017 2018e 2019e
Sales MSEK
1135,5 1632,9 1926,8
Revenue growth
119,7% 43,8% 18,0%
Operating income MSEK
101,7 192,4 243,5
Operating margin
9,0% 11,8% 12,6%
Earnings per share SEK
9,7 18,2 22,7
Dividend per share SEK
2,5 3,6 4,7
Equity MSEK
230,5 372,2 547,0
Solidity
54,4% 58,9% 65,0%
Net debt MSEK
-83,6 -135,1 -274,4
No. of shares (m)
9,2 9,1 9,1

Valuation

G5 ENTERTAINMENT

2016 2017 2018e 2019e
P/E (x) 27,0 32,7 31,9 25,5
P/BV (x) 5,6 12,7 14,2 9,6
EV/S (x) 1,6 2,4 3,1 2,6
EV/EBITDA (x) 11,7 18,5 18,9 14,8
EV/EBIT (x) 18,9 28,2 26,7 20,5
Yield (%) 0,7% 0,8% 0,6% 0,8%