Redeye initiates analysis and coverage of Jumpgate AB with a motivated valuation of 6.50 SEK per share in the base case
Redeye has today published an initial analysis of Jumpgate AB. In the analysis Redeye highlights that Jumpgate presented a positive EBIT in the second quarter 2024 and that a strong business development pipeline has the potential to increase revenue from estimated 74 MSEK in 2024e to 141 MSEK in 2027e. Furthermore it's underlined that the business model provides a stable foundation, with realistic possibilities of further growth and profitability from successful game releases.
In the base case Redeye sets a motivated valuation of 6.50 SEK per share for Jumpgate. The valuation is based on a discounted cashflow analysis (DCF) where WACC (Weighted Average Capital Cost), is 16.5 % over the period 2024e-2037e.
In a bear- and bull scenario Redeye sees motivated valuations of 2.0 SEK and 10.5 SEK respectively. The Jumpgate share closed at 4.61 SEK per share on November 4, 2024.
For more information and a complete analysis which summarizes the risks and challenges as well as the opportunities, please visit Redeye's website on the following link:
The analysis from Redeye is commissioned by Jumpgate as part of a paid collaboration.
For additional information
Harald Riegler CEO, Jumpgate AB Phone: +46 (0)705 - 54 73 33 E-mail: harald@jumpgategames.se
About the Company
Jumpgate AB is an independent group of game development companies founded in 2011, comprising five game studios: Nukklear (Hannover), Tivola Games (Hamburg), gameXcite (Hamburg), Funatics (Düsseldorf) and Tableflip Entertainment (Visby). The group develops and publishes its own games as well as developing games and other digital products for external companies. The companies in the group have established collaborations with strong industry partners and exciting product portfolios with large potential. The group is engaged in the global market, distributing games on a worldwide basis and has a large international network. For more information: www.jumpgategames.se