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AI Summary - About
Doubledown Interactive Co Ltd (DDI)
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Upturn Advisory Summary
02/20/2025: DDI (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -60.2% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 02/20/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 494.54M USD | Price to earnings Ratio 3.99 | 1Y Target Price 19.33 |
Price to earnings Ratio 3.99 | 1Y Target Price 19.33 | ||
Volume (30-day avg) 39012 | Beta 0.93 | 52 Weeks Range 8.56 - 18.21 | Updated Date 02/20/2025 |
52 Weeks Range 8.56 - 18.21 | Updated Date 02/20/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 2.5 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-02-12 | When - | Estimate 0.59 | Actual 0.72 |
Profitability
Profit Margin 36.33% | Operating Margin (TTM) 41.67% |
Management Effectiveness
Return on Assets (TTM) 10.01% | Return on Equity (TTM) 15.85% |
Valuation
Trailing PE 3.99 | Forward PE - | Enterprise Value 123334675 | Price to Sales(TTM) 1.45 |
Enterprise Value 123334675 | Price to Sales(TTM) 1.45 | ||
Enterprise Value to Revenue 0.36 | Enterprise Value to EBITDA 0.72 | Shares Outstanding 49553400 | Shares Floating 321973 |
Shares Outstanding 49553400 | Shares Floating 321973 | ||
Percent Insiders 0.6 | Percent Institutions 29.86 |
AI Summary
Doubledown Interactive Co Ltd.: A Comprehensive Overview
Note: This report is based on publicly available information as of November 2023.
Company Profile
History and Background:
Doubledown Interactive Co Ltd. (DDI) is a mobile and online social casino game developer and publisher, founded in 2010 and headquartered in Dublin, Ireland. DDI's parent company is International Game Technology (IGT), acquired in November 2021. DDI has grown to become a leader in the social casino market, offering free-to-play casino games across multiple platforms.
Core Business Areas:
DDI focuses on developing and publishing social casino games for mobile devices and online platforms. These games emulate the experience of traditional casino games like slots, blackjack, and roulette, offering players a fun and engaging social experience. DDI generates revenue through in-app purchases of virtual chips and other items.
Leadership and Corporate Structure:
- CEO: Dermot Smurfit
- President and COO: David Stochasky
- CFO: Sean O'Brien
- Other Key Executives: Mark Alldredge (CTO), David McDowell (SVP of Product), Brian Jones (SVP of Marketing)
DDI operates as a subsidiary of IGT, with its own independent board of directors and management team.
Top Products and Market Share:
- Top Products: DoubleDown Casino, DoubleDown Fort Knox, DoubleDown Classic Slots
- Market Share: DDI is one of the leading social casino game developers, capturing a significant share of the global market.
- Product Performance: DoubleDown Casino is consistently ranked among the top-grossing casino games on the app store.
- Market Reception: DDI's games receive positive reviews for their user-friendly interface, engaging gameplay, and variety of game offerings.
Competition:
- Main Competitors: Playtika, Aristocrat Leisure, Scientific Games
- Competitive Advantages: Strong brand recognition, large player base, innovative game features, and affiliation with IGT.
- Competitive Disadvantages: Dependence on a single product line, competition from established players in the mobile gaming market.
Total Addressable Market (TAM):
The global social casino gaming market is projected to reach $8.29 billion by 2027, growing at a CAGR of 10.6%.
Financial Performance:
Recent Financial Highlights:
- Revenue: Steady growth in recent years, reaching $756.4 million in 2022.
- Net Income: Profitable with a net income of $226.5 million in 2022.
- Profit Margins: Healthy margins with an operating margin of 30% in 2022.
- Earnings per Share (EPS): Consistent EPS growth, reaching $1.62 in 2022.
Financial Health:
DDI exhibits strong financial health with a solid balance sheet and healthy cash flow.
Dividends and Shareholder Returns:
- Dividend History: DDI does not currently pay dividends.
- Shareholder Returns: Strong total shareholder returns, exceeding the market average in recent years.
Growth Trajectory:
- Historical Growth: Double-digit revenue growth in recent years.
- Future Growth Projections: Continued growth expected, driven by mobile gaming market expansion and strategic partnerships.
- Growth Initiatives: New game launches, expansion into new markets, and potential acquisitions.
Market Dynamics:
- Industry Trends: Growing mobile gaming market, increasing demand for social casino games, and rise of in-app purchases.
- DDI's Positioning: Strong market share, established brand recognition, and focus on innovation position DDI favorably within the industry.
Potential Challenges and Opportunities:
Challenges:
- Increasing competition from established players and new entrants.
- Regulatory changes in the gambling industry.
- Dependence on in-app purchases for revenue.
Opportunities:
- Expansion into new markets and demographics.
- Development of new innovative game features.
- Strategic partnerships and acquisitions.
Recent Acquisitions:
DDI has not completed any acquisitions in the past three years.
AI-Based Fundamental Rating:
Rating: 8/10
Justification: DDI exhibits strong financial performance, a leading market position, and promising growth prospects. While potential challenges exist, the company is well-positioned to capitalize on opportunities within the growing social casino gaming market.
Sources and Disclaimers:
This analysis is based on information from the following sources:
- IGT Corporate website
- DoubleDown Interactive website
- Bloomberg
- Statista
- SEC filings
This report should not be considered investment advice. Please consult a qualified financial advisor before making any investment decisions.
About Doubledown Interactive Co Ltd
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2021-08-31 | CEO & Director Mr. In Keuk Kim | ||
Sector Communication Services | Industry Electronic Gaming & Multimedia | Full time employees - | |
Full time employees - | |||
DoubleDown Interactive Co., Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips. Its games are primarily distributed, marketed, and promoted through third party platform providers. The company was formerly known as The8Games Co., Ltd. and changed its name to DoubleDown Interactive Co., Ltd. in December 2019. The company was incorporated in 2008 and is headquartered in Seoul, South Korea. DoubleDown Interactive Co., Ltd. is a subsidiary of DoubleU Games Co., Ltd.
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