Introduction

IGG might be unfamiliar to Singapore Investors but this company has its headquarters based in Singapore.

While the company might be more unknown, its games such as Lords Mobile and Castle Clash would ring a bell more in mobile gamers or those that frequent app stores more often.

Castle Clash: Guild Royale - Apps on Google Play

Lords Mobile was launched in 2016 and Castle Clash back in 2013.

Valuations (Based of closing price as of 24 June 2020)

Price: 6.1
PE: 5.87
PB: 2.6
Dividend Yield: 5%
Dividend Payout: 30%

As per most game companies, the price to book exceeds 1 and similar to game companies that are of small caps, the PE is usually a single digit.

Financials

As of end 2019, the company had cash minus liabilities of 205 million USD, which equates to roughly 1.27 Hkd, 20% of the current market cap of the company.

In this aspect, the company is definitely in good financial health

The ‘Nah’ Factors

1) Revenue Decline in its games since January 2018. 

Advertisements