Gamivo S.A (GMV) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Gamivo S.A stock PLN 44.70, price PLN 14.90, upside +200.0%, quality 95 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 13.65 PLN – 94.97 PLN · fair‑value band 33.39 PLN – 55.11 PLN · the 14.90 PLN price screens below the 44.70 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Gamivo S.A. engages in trading of digital goods in Poland. The company operates GAMIVO.com that enables to connect digital goods suppliers and buyers. It also provides outsourcing, IT development, and business administration services.
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Gamivo S.A. was incorporated in 2017 and is headquartered in Szczecin, Poland.
Stock analysis
Gamivo S.A (GMV) currently trades at 14.90 PLN, while our model-based Fair Value estimate is 44.70 PLN, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 52.88 PLN per share, and 20 of the 21 models we run sit above the 14.90 PLN price.
Bear case: the Asset-Based group reads lowest at 4.91 PLN, and 1 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: 33.39 PLN (bear) to 55.11 PLN (bull), the price of 14.90 PLN sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 95/100 (high quality), in the Communication Services sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Gamivo S.A reported revenue of 16.5M PLN in FY2025 versus 44.2M PLN in FY2022, a compound −28.1%/yr. Reported net income was 4.6M PLN in FY2025, compounding −21.5%/yr from FY2022.
Key figures
Market cap 22.7M PLN (≈ $5.8M) Micro · P/E ratio 4.7 · P/S ratio 1.36 · EPS (TTM) 3.17 PLN · Net margin 32.6% · Return on equity 48.0% · Return on assets (EBIT) 29.9% · Operating margin 37.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 91 out of 100 (medium confidence).
What moves the price
The share trades about 20% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 48% fair-value upside, at 200%, GMV screens cheaper than that median.
Fair Value models
Bear33.39 PLNFair Value 44.70 PLNBull55.11 PLN
Price 14.90 PLN · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (2.68 PLN per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+3.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.2%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 33%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−27.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Poland: IMF forecast 3.1% a year to 2030, 4.6% from 2016 to 2025) that is about −29.3% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronic Gaming & Multimedia · 164 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Gamivo S.A Fair Value". https://www.fairvalue-calculator.com/stock/GMV
Frequently asked questions
Is Gamivo S.A (GMV) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 44.70 PLN versus a price of 14.90 PLN, about +200% upside (undervalued).
What is the fair value of GMV?
Our model-based fair value for Gamivo S.A is 44.70 PLN (as of Nov 4, 2026), built from audited fundamentals. The current price: 14.90 PLN.
What is the quality score of GMV?
Gamivo S.A has a Quality Score of 95/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Gamivo S.A (GMV)?
Our model-based price target is the fair value of 44.70 PLN (as of Nov 4, 2026) from 21 valuation models. Cautious scenario 33.39 PLN, optimistic scenario 55.11 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the Gamivo S.A stock forecast for 2026?
Our models put fair value at 44.70 PLN, about +200% upside versus a price of 14.90 PLN (undervalued). Cautious scenario 33.39 PLN, optimistic scenario 55.11 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of Gamivo S.A (GMV)?
Gamivo S.A reported trailing-twelve-month revenue of about 16.7M PLN (latest available figure, as of Nov 4, 2026).
What growth is priced into Gamivo S.A (GMV)?
For today's price to be fair in a discounted-cash-flow model, Gamivo S.A would have to grow free cash flow by -27.1 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -28.1 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of GMV use?
Our models discount Gamivo S.A at 9.3 %: a base by market capitalisation (nano), damped by beta 0.07, country premium for Poland. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Gamivo S.A that is -27.1 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Gamivo S.A (GMV) delivered so far?
Over the past 3 years revenue at Gamivo S.A grew -28.1 % a year. The price currently implies -27.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Gamivo S.A (GMV) growing?
The median revenue growth in the sector is +3.7 % a year. That is the yardstick for the growth priced into Gamivo S.A (-27.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Gamivo S.A (GMV)?
The free-cash-flow yield on the price is 27.41 %: that much free cash flow Gamivo S.A produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gamivo S.A (GMV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gamivo S.A it is 44.70 PLN per share (as of Nov 4, 2026), against a price of 14.90 PLN. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Gamivo S.A stock overvalued or undervalued in 2026?
As of Nov 4, 2026, GMV trades below its calculated fair value: price 14.90 PLN, fair value 44.70 PLN, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GMV?
No. The price is what the market pays today (14.90 PLN); the fair value is what the company's own numbers justify (44.70 PLN). For Gamivo S.A the two are 29.80 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is Gamivo S.A worth?
The market values Gamivo S.A at about 22.7M PLN (market capitalisation, as of Nov 4, 2026). Per share that is 14.90 PLN; our models calculate a fair value of 44.70 PLN per share.
What do the bullish and bearish scenarios say about GMV?
Our models span a range for Gamivo S.A: cautious scenario 33.39 PLN, base 44.70 PLN, optimistic 55.11 PLN per share (as of Nov 4, 2026, price 14.90 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GMV?
Gamivo S.A trades at a price-to-earnings ratio of 4.7 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 44.70 PLN is built from several models across several years. Other multiples: P/B 2.0, P/S 1.4, EV/EBITDA 2.5.
How solid is the balance sheet of Gamivo S.A (GMV)?
Balance-sheet figures for Gamivo S.A (as of Nov 4, 2026): return on equity 48.0%. They feed the Quality Score of 95/100, which measures business quality independently of the share price.
How far is GMV from its 52-week high?
Gamivo S.A trades at 14.90 PLN, about 20% below its 52-week high of 18.60 PLN and 4% above the low of 14.30 PLN (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of 44.70 PLN is for.
Which stocks are comparable to Gamivo S.A?
From the same area (Communication Services) we also value NetEase, Inc, Take-Two Interactive Software, Inc, Roblox Corporation, Zhejiang Century Huatong Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Gamivo S.A stock attractive at the current price?
The data as of Nov 4, 2026: price 14.90 PLN, calculated fair value 44.70 PLN (+200%), Quality Score 95/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GMV calculated?
We run Gamivo S.A through 21 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 44.70 PLN, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0% above its aggregate fair value. Gamivo S.A currently trades 67% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Gamivo S.A (GMV)?
The closing price on Nov 4, 2026 was 14.90 PLN. Our model-based fair value is 44.70 PLN, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gamivo S.A right now?
The rarer combination: high quality (95/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (33.39 PLN). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Gamivo S.A
How large is the market capitalisation of Gamivo S.A (GMV)?
The market capitalisation of Gamivo S.A is 22.7M PLN (≈ $5.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Gamivo S.A (GMV)?
The price-to-sales ratio of Gamivo S.A is 1.36 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Gamivo S.A (GMV)?
Earnings per share at Gamivo S.A are 3.17 PLN (price ÷ EPS = P/E 4.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Gamivo S.A (GMV)?
The net margin of Gamivo S.A is 32.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Gamivo S.A (GMV)?
The return on equity (ROE) of Gamivo S.A is 48.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Gamivo S.A (GMV)?
On an EBIT basis the return on assets of Gamivo S.A is 29.9% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Gamivo S.A (GMV)?
The operating margin of Gamivo S.A is 37.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gamivo S.A (GMV)?
Revenue at Gamivo S.A is growing −0.3% versus a year earlier (3y avg −28.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Gamivo S.A (GMV)?
Earnings per share at Gamivo S.A are growing +29.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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