Devolver Digital, Inc. (DEVO) AI Stock Analysis

• Market Cap: £99.65M
• Dividend Yield: N/A
• Average Volume (3M): 36.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: 10.40%
• EPS Growth: 53.88%
• Country: UK
• Employees: 235
• Sector: Communication Services
• Sector Strength: 89
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): >-0.01
• Shares Outstanding: 474,500,240
• 10 Day Avg. Volume: 40,158
• 30 Day Avg. Volume: 36,096
• PEG Ratio: -0.37
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £25.00
• Price Target Upside: 11.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: 25.00p ▲(11.11%Upside)

Devolver Digital's overall score is driven by a strong technical outlook and positive corporate events signaling a return to profitability. However, challenges with valuation and profitability weigh down the score. The company's strategic initiatives and strong market position offer potential for future growth, but financial and valuation concerns must be addressed.

Devolver Digital, Inc. Business Overview & Revenue Model

Company Description

Devolver Digital, Inc. (DEVO) is an American video game publisher known for its focus on producing and distributing indie games. Based in Austin, Texas, the company specializes in publishing a wide variety of innovative and unconventional games across different genres, often distinguished by their unique art styles and gameplay mechanics. Devolver Digital collaborates with independent game developers worldwide to bring creative and entertaining gaming experiences to various platforms, including PC, console, and mobile devices.

How the Company Makes Money

Devolver Digital, Inc. generates revenue primarily through the publishing and distribution of video games. The company enters into agreements with independent game developers to finance, market, and distribute their games. Revenue is typically earned through a share of the sales proceeds from these games, which are sold via digital platforms such as Steam, PlayStation Network, Xbox Live, and Nintendo eShop. Additionally, Devolver Digital occasionally releases physical copies of popular titles, contributing to their revenue streams. The company may also engage in licensing deals and partnerships for merchandise or media adaptations, further diversifying its income sources.

Devolver Digital, Inc. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
100.06M	92.36M	134.56M	98.15M	212.74M	58.75M
	Gross Profit
44.10M	24.52M	22.50M	39.23M	91.69M	14.42M
	EBIT
-8.48M	-13.01M	-28.48M	-64.20M	77.16M	10.29M
	EBITDA
1.93M	6.55M	13.80M	-56.73M	84.24M	13.86M
	Net Income Common Stockholders
-7.11M	-12.74M	-91.50M	30.55M	64.09M	7.86M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.87M	42.65M	79.49M	86.24M	43.53M	12.42M
	Total Assets
5.05M	196.81M	194.82M	279.14M	113.18M	33.78M
	Total Debt
0.00	1.03M	0.00	0.00	240.00K	0.00
	Net Debt
-1.87M	-41.62M	-79.49M	-86.24M	-43.29M	-12.42M
	Total Liabilities
1.93M	38.77M	22.55M	33.67M	41.66M	13.14M
	Stockholders Equity
3.12M	158.12M	172.38M	245.54M	71.51M	20.64M
Cash Flow		Free Cash Flow
14.00M	-13.98M	-2.42M	-50.25M	50.08M	3.06M
	Operating Cash Flow
14.11M	13.96M	30.29M	-15.90M	72.25M	12.51M
	Investing Cash Flow
-47.86M	-45.97M	-32.71M	60.46M	-25.39M	-7.55M
	Financing Cash Flow
903.00K	-5.50M	-1.72M	-1.85M	-15.76M	0.00

Devolver Digital, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:DEVO, the sentiment is Positive. The current price of 22.5 is above the 20-day moving average (MA) of 20.75, above the 50-day MA of 20.45, and below the 200-day MA of 24.62, indicating a neutral trend. The MACD of 0.34 indicates Negative momentum. The RSI at 91.53 is Negative, neither overbought nor oversold. The STOCH value of 78.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:DEVO.

Devolver Digital, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVPL	82 Outperform	$432.25M	21.40	8.03%	―	4.71%	―
DEVO	74 Outperform	£99.65M	―	-3.77%	―	10.40%	53.88%
FDEV	73 Outperform	£96.54M	6.51	21.85%	―	-6.57%	―
Sector *	61 Neutral	$14.78B	5.89	-4.32%	3.67%	2.75%	-30.30%

Devolver Digital, Inc. Corporate Events

Devolver Digital Announces 2025 Annual Meeting for Shareholders

Devolver Digital, Inc. has announced its Annual Meeting scheduled for June 27, 2025, at Fieldfisher’s offices in London. Shareholders are encouraged to attend in person, and those unable to do so can vote via proxy or electronic means. This meeting is crucial for shareholders to vote on important resolutions affecting the company’s future operations and governance. The announcement underscores the company’s commitment to engaging with its shareholders and ensuring their active participation in corporate decisions.

Devolver Digital Releases 2024 Annual Report Highlighting Strategic Achievements

Devolver Digital has published its 2024 Annual Report and Accounts, detailing the company’s financial performance and strategic direction. This publication provides stakeholders with insights into Devolver’s operational achievements and future plans, reinforcing its position in the indie video games market.

Devolver Digital Returns to Profitability with Strong 2024 Performance

Devolver Digital announced a return to profitability and growth for the year ending December 2024, with strong performance aligning with their fiscal guidance. The company achieved record Metacritic scores for new releases and saw significant revenue growth driven by their back catalogue and successful new titles like ‘The Plucky Squire’ and ‘Neva.’ With a robust pipeline of at least 13 new releases for 2025, including anticipated titles featured in Nintendo’s Switch 2 showcase, Devolver is poised for continued growth. The company’s strategic focus on high-quality game curation and strong partnerships has bolstered its market position, with expectations of sequential improvements in revenue and EBITDA through 2025 and 2026.

Devolver Digital to Announce 2024 Preliminary Results

Devolver Digital, Inc. announced it will release its unaudited preliminary results for the year ending December 31, 2024, on April 10, 2025. This announcement could provide insights into the company’s financial health and future strategies, potentially impacting its market positioning and stakeholder interests.