Liking the revenue roundup this week. I was looking through the closed picks and noticed that Zengame is trading really cheap as of recently. Any chance we can look at the recent IOS revenue to look for another opportunity?
Yes ZenGame stock has taken the dip but their performance remains really strong.
I haven't followed them that closely, but they've released their H1 numbers actually, so we can directly look at that rather!
About $130M in revenue above $43M in net profits. I can't find easily an english version though - they have changed their IR page it seems. Their performance is really impressive - how they manage to keep their games without any significant decay over years.
But as you noted, the company is only worth $370M market cap right now., and the EV must be close to $100-120M? That's 1.5x their yearly net profits!
You are right, they deserve another look at this valuation, especially given they tend to pay real good dividend, what with their 70% insiders ownership...
Liking the revenue roundup this week. I was looking through the closed picks and noticed that Zengame is trading really cheap as of recently. Any chance we can look at the recent IOS revenue to look for another opportunity?
Hi!
Yes ZenGame stock has taken the dip but their performance remains really strong.
I haven't followed them that closely, but they've released their H1 numbers actually, so we can directly look at that rather!
About $130M in revenue above $43M in net profits. I can't find easily an english version though - they have changed their IR page it seems. Their performance is really impressive - how they manage to keep their games without any significant decay over years.
But as you noted, the company is only worth $370M market cap right now., and the EV must be close to $100-120M? That's 1.5x their yearly net profits!
You are right, they deserve another look at this valuation, especially given they tend to pay real good dividend, what with their 70% insiders ownership...
Their half year doc in chinese (google translate is a friend ;o) https://ww.zen-game.com/listedco/listconews/sehk/2024/0822/2024082200300_c.pdf
Gotta love that 33% net profit margin... and that's down from 40%!.
I have to say, they remain more attractive than most peers like Qingci or Feiyu with this continuous performance.
Even if Qingci just announced a pretty solid profits in H1 2024 as well - which is very encouraging.