MindArk: Solid foundation with upside optionality - Redeye
Redeye initiates coverage of MindArk, a Swedish gaming company with a long-standing presence in the MMORPG space. We see an attractive case, with the company trading at low multiples while having a business model that offers predictable revenues and high cash conversion. At current share price levels, we view the risk-reward as favorable, as the company's outspoken capital allocation strategy should enable it to continue earning high returns on capital while distributing earnings to shareholders.
Länk till analysen i sin helhet: https://www.redeye.se/research/1041218/solid-foundation-with-upside-optionality?utm_source=finwire&utm_medium=RSS