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Media and Games Invest

Analyytikko

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Nettovaikuttavuus

Muut analyysit
31.5.
2022

Redeye comments on MGI's Q1'22 earnings report, which we deem as solid. Net sales and Adj EBITDA was already announced. However, we are impressed by the organic growth of 18% in the quarter.

Muut analyysit
29.4.
2022

Redeye provides a take on Media and Games Invest (MGI) recent acquisition of the mobile games developer AxesInMotion. We view the acquisition as strategically solid but are concerned about the paid multiple, which seems a bit high at first glance.

Muut analyysit
25.4.
2022

Earlier this morning Media and Games Invest (MGI) released preliminary figures for Q1'22. Starting the year above the upper end of its guidance for 2022.

Muut analyysit
3.3.
2022

Redeye updates its estimates following the recent Q4'21 report. The report was solid on a group level. Sales were ahead of our estimates, while profitability was in line.

Muut analyysit
28.2.
2022

Redeye comments on MGI's Q4'21 earnings report. We deem the report as strong. Revenue was 7% ahead our estimates, while Adj. EBITDA was exactly in line. The media segment was the clear outperformer in the quarter.

Muut analyysit
10.2.
2022

In Q4, we expect a solid report from MGI. The games segment has benefitted from a seasonally strong quarter as well as released game updates and DLC’s.

Tiedotteet
7.9.
2021

Redeye has increased its financial estimates and valuation following a strong financial performance from Media and Games Invest in H1'21 and its transformative acquisition of Smaato. We do not believe that the share price reflects the strong performance of the Media segment and the network effects that MGI is building through its vertical integration and scale.

Read more and download the Research Update.

Muut analyysit
11.3.
2021

Media and Games Invest (MGI) reported FY20 revenues of €140.2m and adjusted EBITDA of €29.1m, ending the year strongly to deliver 67% yoy revenue growth. In H220, MGI completed a dual listing and share placing (for €29m) on Nasdaq First North Premier and issued an €80m bond. MGI has carried its momentum into FY21, with the transformational acquisition of KingsIsle Entertainment (Wizard101, Pirate101) for US$126m in cash upfront, up to US$210m including earn-out.

Tiedotteet
8.3.
2021

Redeye initiates coverage of Media and Games Invest with a positive stance on this strong organic growth story bolstered by M&A. Although the share has rallied strongly since the autumn, we judge that investors have yet to fully recognize how transformative the acquisition of KingsIsle Entertainment will prove, nor how substantial MGI’s synergies and media strength are – but see good scope for the resulting valuation gap to close this year.

Muut analyysit
1.2.
2021

KingsIsle M&A provides leap in revenue and earnings and significantly strengthens US business; Internationalisation of acquired games IPS and expansion of these online games to further end devices opens up significant revenue potential; Increase in forecasts and price target.

Within the framework of our DCF valuation model, we have determined a new target price of €5.15 (previously: €3.20) we continue to assign a Buy rating and see significant upside potential.

Media and Games Invest

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