DoubleDown Interactive Co Ltd ADR (DDI) is undervalued and GDEV Inc (GDEV) is undervalued.
Against our estimates of intrinsic value, GDEV trades at the wider discount: a margin of safety of +71%, against +60% for DDI.
Values as of the 19 Oct 2026 close.
Discounting its cash flows at 10.1% (average of 3 methods) values the shares at $34.98; the price of $13.88 is 60% below that value, and 72% of that value comes from beyond year five.
Leak Score 79/100 on 11 of 12 signals
Discounting its cash flows at 13.4% (average of 3 methods) values the shares at $36.74; the price of $10.76 is 71% below that value, and 61% of that value comes from beyond year five.
Leak Score 75/100 on 9 of 12 signals
| Metric | DDI | GDEV |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $13.88 | $10.76 |
| Intrinsic value | $34.98 | $36.74 |
| Margin of safety | +60% | +71% |
| Leak Score | 79/100 (11/12) | 75/100 (9/12) |
| Market cap | $686M | $187M |
| Revenue growth, 5 years | 0.1% | 9.2% |
| Operating margin | 38.1% | 19.9% |
| Net margin | 33.0% | 19.7% |
| Return on equity | 12.7% | — |
| Debt to equity | 0.04 | — |
| P/E | 5.5x | 2.5x |
| Forward P/E | 5.7x | 2.0x |
| P/B | 0.7x | — |