Financials DoubleDown Interactive Co., Ltd.

Equities

DDI

US25862B1098

Casinos & Gaming

Delayed Nasdaq Other stock markets 11:07:52 2024-05-07 am EDT			5-day change	1st Jan Change
10.38 ^USD	-2.72%		+0.97%	+41.23%

Feb. 14	Wedbush Lifts DoubleDown Interactive's PT to $13.50 From $12.25, Notes 'Solid' Growth, Profit Potential; Keeps Outperform Rating	MT
Feb. 13	DoubleDown Interactive Co., Ltd. Provides Sales Guidance for the First Half of 2024	CI

Valuation

Fiscal Period: December	2021	2022	2023	2024	2025	2026
Capitalization ¹	768.1	418.7	364.2	528.7	-	-
Enterprise Value (EV) ¹	768.1	174.6	200.5	274.3	185.8	97.13
P/E ratio	-	-	3.62 x	5.2 x	4.85 x	-
Yield	-	-	-	-	-	-
Capitalization / Revenue	2.11 x	1.3 x	1.18 x	1.62 x	1.54 x	1.58 x
EV / Revenue	2.11 x	0.54 x	0.65 x	0.84 x	0.54 x	0.29 x
EV / EBITDA	6.4 x	1.72 x	1.69 x	2.35 x	1.52 x	0.81 x
EV / FCF	8,009,326 x	-	-	-	-	-
FCF Yield	0%	-	-	-	-	-
Price to Book	-	0.03 x	0.03 x	0.03 x	0.03 x	0.03 x
Nbr of stocks (in thousands)	49,553	49,553	49,553	49,553	-	-
Reference price ²	15.50	8.450	7.350	10.67	10.67	10.67
Announcement Date	2/8/22	2/7/23	2/13/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	363.2	321	308.9	326.8	343.7	334
EBITDA ¹	-	120.1	101.6	118.9	116.6	122	120.6
EBIT ¹	-	98.73	-43.98	118.2	117	119.7	113.9
Operating Margin	-	27.18%	-13.7%	38.27%	35.81%	34.84%	34.1%
Earnings before Tax (EBT) ¹	-	-	-	131.1	131.8	141.8	-
Net income ¹	53.62	-	-	100.4	101.5	109.2	-
Net margin	-	-	-	32.51%	31.06%	31.76%	-
EPS ²	26.20	-	-	2.030	2.050	2.200	-
Free Cash Flow	-	95.9	-	-	-	-	-
FCF margin	-	26.4%	-	-	-	-	-
FCF Conversion (EBITDA)	-	79.85%	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	-
Announcement Date	9/1/21	2/8/22	2/7/23	2/13/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	87.01	86.3	85.49	80.57	78.8	76.17	77.6	75.19	72.98	83.1	82.3	79.89	79.16	85.47	84.71
EBITDA ¹	30.15	25.8	26.9	26.1	25	24.7	25.4	27.6	29.7	36.2	28.24	27.61	28.13	32.64	28.81
EBIT ¹	27.79	23.59	24.68	-47.98	-45.34	24.66	25.39	27.52	29.68	35.6	28.55	27.92	28.11	32.46	28.29
Operating Margin	31.94%	27.33%	28.88%	-59.56%	-57.54%	32.37%	32.72%	36.6%	40.67%	42.84%	34.7%	34.95%	35.5%	37.97%	33.4%
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	30.43	31.92	34.73	34.07	30.99	31.47	32.64	36.74	33.89
Net income ¹	-	-	-	-	-	-	23.67	24.36	26.93	25.45	23.86	24.23	25.13	28.29	26.1
Net margin	-	-	-	-	-	-	30.51%	32.4%	36.9%	30.63%	29%	30.33%	31.75%	33.1%	30.81%
EPS ²	-	-	-	-	-	-	0.4800	0.4900	0.5400	0.5100	0.4800	0.4900	0.5100	0.5700	0.5300
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	11/10/21	2/8/22	5/10/22	8/9/22	11/8/22	2/7/23	5/10/23	8/8/23	11/8/23	2/13/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-
Net Cash position ¹	-	-	244	164	254	343	432
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	95.9	-	-	-	-	-
ROE (net income / shareholders' equity)	-	-	-3.63%	14.8%	11.1%	9.83%	8.94%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	-	253.0	294.0	329.0	364.0	399.0
Cash Flow per Share ²	-	-	-9.380	40.80	35.40	35.00	35.10
Capex ¹	-	-	-	0.2	0.3	0.3	-
Capex / Sales	-	-	-	0.06%	0.09%	0.09%	-
Announcement Date	9/1/21	2/8/22	2/7/23	2/13/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for DoubleDown Interactive Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

10.67 USD

Average target price

14.83 USD

Spread / Average Target

+39.02%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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