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IGG Inc (IGGGF) fair value: what the stock is really worth
We calculate from audited financials what IGG Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Thin data
Sep 13, 2026
Thin data
Sep 13, 2026
IGG Inc
IGGGF · USClearly undervaluedStrong Fair Value upside, but quality is only moderate.
✓Fair value $1.22 · Strongly undervalued (+185%)
✓Quality 71/100
!Weak Growth (revenue 5y +0.1 %/yr)
✓Solidly profitable · 10.6% net margin (TTM)
✓Low debt · generates free cash flow
!Moderate moat 57/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range $0.2088 – $1.10 · fair‑value band $0.8700 – $1.62 · the $0.4275 price screens below the $1.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Company profile
IGG Inc, an investment holding company, develops and operates mobile and online games in Asia, North America, Europe, and internationally. The company offers mobile, and client and browser based PC online games, including lords mobile; doomsday: last survivors; viking rise; and other.
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IGG Inc, an investment holding company, develops and operates mobile and online games in Asia, North America, Europe, and internationally. The company offers mobile, and client and browser based PC online games, including lords mobile; doomsday: last survivors; viking rise; and other. It also licenses online games; researches, develops, and operates mobile application; and provides customer support, technical maintenance, and technical support services. IGG Inc was founded in 2006 and is headquartered in Singapore.
Stock analysis
IGG Inc (IGGGF) currently trades at $0.4275, while our model-based Fair Value estimate is $1.22, implying the stock looks roughly 65.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $10.10 per share, and 26 of the 26 models we run sit above the $0.4275 price.
Bear case: the Asset-Based group reads lowest at $2.07, and 0 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.8700 (bear) to $1.62 (bull), the price of $0.4275 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 71/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
IGG Inc reported revenue of HK$5.5B in FY2025 versus HK$6.1B in FY2021, a compound −2.4%/yr. Reported net income was HK$580M in FY2025, compounding +11.9%/yr from FY2021.
Key figures
Market cap $489M · P/E ratio 7.1 · P/S ratio 0.75 · EPS (TTM) $0.0600 · Net margin 10.6% · Return on equity 17.8% · Return on assets (EBIT) 5.9% · Operating margin 10.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 36% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 27% fair-value upside, at 185%, IGGGF screens cheaper than that median.
Fair Value models
Bear $0.8700
Fair Value $1.22
Bull $1.62
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.
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.
Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF
$6.99
$9.94
$14.34
80
Growth DCF
$6.93
$9.58
$13.30
79
Owner Earnings
$6.88
$9.78
$14.08
77
All 26 models by family
DCF Models
FCF DCF
$6.99
$9.94
$14.34
80
Owner Earnings
$6.88
$9.78
$14.08
77
5Y Revenue Exit
$7.08
$10.53
$15.13
72
5Y EBITDA Exit
$7.24
$10.85
$15.29
75
5Y P/E Exit
$8.81
$14.01
$19.86
70
10Y Revenue Exit
$6.83
$9.88
$14.39
67
10Y EBITDA Exit
$7.07
$10.10
$14.51
68
10Y P/E Exit
$8.01
$12.18
$17.93
63
Earnings-Based
Graham-Dodd
$3.53
$15.16
$20.71
64
Lynch FV
$3.88
$5.55
$7.21
61
PEG = 1.0
$3.88
$5.55
$7.21
57
EPV
$5.73
$6.22
$6.62
74
Dividend Discount
Gordon GGM
$1.60
$2.88
$3.96
68
DDM Multi-Stage
$1.60
$2.63
$3.07
67
Multiples
P/E Multiple
$8.56
$11.41
$14.27
63
P/S Multiple
$6.61
$8.82
$11.02
58
P/B Multiple
$6.61
$8.82
$11.02
55
EV/EBIT
$8.93
$11.18
$13.43
66
EV/EBITDA
$7.95
$9.87
$11.80
67
EV/Revenue
$7.29
$9.49
$11.69
54
Asset-Based
NCAV (Graham)
$1.54
$2.07
$3.09
54
Growth DCF
Growth DCF
$6.93
$9.58
$13.30
79
Rev-Margin DCF
$7.08
$10.47
$14.73
73
Economic Profit
Residual Income
$3.04
$3.87
$8.89
70
ROIC Compounder
$6.00
$6.83
$7.74
72
Growth Earnings
Growth-Adj P/E
$6.67
$9.53
$12.40
67
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Set up alert →Quality Score breakdown
Overall quality
71/100
Of which business quality 71 · Market factors (momentum, volatility) 41
Profitability
75
Margins and returns on capital today
Quality Growth
33
Are margins and returns improving?
Cashflow
53
Earnings quality: real cash, not paper profit
Fin. Strength
100
Balance sheet, leverage, solvency risk
Investment
70
Disciplined investing over empire-building
Low Volatility
29
Calm price path (market factor)
Momentum
60
Price trend over the last 3–12 months (market factor)
52W Momentum
22
Distance to the 52-week high (market factor)
Net Issuance
89
Share count: buybacks or dilution?
Revenue & earnings trend
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.
40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.1%
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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 5 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−11.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−13% vs 4%, slowing
Profit margin 2019 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.24% → 12%
2025 sits 80% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−25.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
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Compare IGG Inc with another stock
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 · 148 stocks
Beats the industry median on 11/12 measures
Overall it ranks above its industry peers.
Valuation Multiplesvs Electronic Gaming & Multimedia median · lower = cheaper
Context: sector, industry, market
- Is the Communication Services sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Communication Services
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Konami Group KNM | £207.30 | £65.48 | −68% |
| NetEase, Inc 9999 | HK$182.10 | HK$442.65 | +143% |
| Electronic Arts Inc EA | $209.70 | $76.57 | −63% |
| Take-Two Interactive Software, Inc TTWO | $215.47 | $60.20 | −72% |
| Roblox Corporation RBLX | $45.50 | $44.96 | −1% |
| Zhejiang Century Huatong Group 002602 | ¥15.56 | ¥27.63 | +78% |
| KRAFTON, Inc 259960 | 212,500 KRW | 395,557 KRW | +86% |
| Giant Network Group 002558 | ¥25.21 | ¥31.97 | +27% |
| International Games System Co 3293 | 693.00 TWD | 1,176 TWD | +70% |
| CD Projekt S.A CDR | 235.40 PLN | 258.94 PLN | +10% |
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Frequently asked questions
Is IGG Inc (IGGGF) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of $1.22 versus the last price from Sep 4, 2026 of $0.4275, about +185% upside (undervalued).
What is the fair value of IGGGF?
Our model-based fair value for IGG Inc is $1.22 (as of Sep 13, 2026), built from audited fundamentals. Last price (from Sep 4, 2026): $0.4275.
What is the quality score of IGGGF?
IGG Inc has a Quality Score of 71/100. 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 IGG Inc (IGGGF)?
Our model-based price target is the fair value of $1.22 (as of Sep 13, 2026) from 26 valuation models. Cautious scenario $0.8700, optimistic scenario $1.62. It is a calculation from audited fundamentals, not an analyst target.
What is the IGG Inc stock forecast for 2026?
Our models put fair value at $1.22, about +185% upside versus the last price from Sep 4, 2026 of $0.4275 (undervalued). Cautious scenario $0.8700, optimistic scenario $1.62. The calculation is refreshed regularly with new filings.
What is the revenue of IGG Inc (IGGGF)?
IGG Inc reported trailing-twelve-month revenue of about HK$5.5B (latest available figure, as of Sep 13, 2026).
What growth is priced into IGG Inc (IGGGF)?
For today's price to be fair in a discounted-cash-flow model, IGG Inc would have to grow free cash flow by -25.3 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.1 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of IGGGF use?
Our models discount IGG Inc at 11.3 %: a base by market capitalisation (small), damped by beta 1.04, country premium for USA. 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 IGG Inc that is -25.3 % per year a year over ten years, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has IGG Inc (IGGGF) delivered so far?
Over the past 5 years revenue at IGG Inc grew +0.1 % a year. The price currently implies -25.3 % 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 IGG Inc (IGGGF) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into IGG Inc (-25.3 % 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 IGG Inc (IGGGF)?
The free-cash-flow yield on the price is 13.63 %: that much free cash flow IGG Inc produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of IGG Inc (IGGGF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IGG Inc it is $1.22 per share (as of Sep 13, 2026), against a price of $0.4275. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is IGG Inc stock overvalued or undervalued in 2026?
As of Sep 13, 2026, IGGGF trades below its calculated fair value: price $0.4275, fair value $1.22, a gap of about +185% (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 IGGGF?
No. The price is what the market pays today ($0.4275); the fair value is what the company's own numbers justify ($1.22). For IGG Inc the two are $0.7925 per share apart. That gap is exactly why we show both numbers side by side.
How much is IGG Inc worth?
The market values IGG Inc at about $489M (market capitalisation, as of Sep 13, 2026). Per share that is $0.4275; our models calculate a fair value of $1.22 per share.
What do the bullish and bearish scenarios say about IGGGF?
Our models span a range for IGG Inc: cautious scenario $0.8700, base $1.22, optimistic $1.62 per share (as of Sep 13, 2026, price $0.4275). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IGGGF?
IGG Inc trades at a price-to-earnings ratio of 7.1 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.22 is built from several models across several years. Other multiples: P/B 1.0, P/S 0.6, EV/EBITDA 1.5.
How solid is the balance sheet of IGG Inc (IGGGF)?
Balance-sheet figures for IGG Inc (as of Sep 13, 2026): return on equity 17.8%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is IGGGF from its 52-week high?
IGG Inc trades at $0.4275, about 25% below its 52-week high of $0.5711 and 36% above the low of $0.3134 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of $1.22 is for.
Which stocks are comparable to IGG Inc?
From the same area (Communication Services) we also value Konami Group, NetEase, Inc, Electronic Arts Inc, Take-Two Interactive Software, Inc, 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 IGG Inc stock attractive at the current price?
The data as of Sep 13, 2026: price $0.4275, calculated fair value $1.22 (+185%), Quality Score 71/100, from 26 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 IGGGF calculated?
We run IGG Inc through 26 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 $1.22, 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 15.8 % above its aggregate fair value. IGG Inc currently trades 185 % 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 should I pay attention to with IGG Inc right now?
The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case ($0.8700). 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. A fairly wide model range ($0.8700 to $1.62) leaves room in how you read the outcome.
Where does the earnings growth of IGG Inc (IGGGF) come from?
Earnings per share at IGG Inc grew +0.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +15.2 %, EBIT margin −12.1 %, tax rate −1.2 %, residual (interest, one-offs) +0.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of IGG Inc
How large is the market capitalisation of IGG Inc (IGGGF)?
The market capitalisation of IGG Inc is $489M. 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 IGG Inc (IGGGF)?
The price-to-sales ratio of IGG Inc is 0.75 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of IGG Inc (IGGGF)?
Earnings per share at IGG Inc are $0.0600 (price ÷ EPS = P/E 7.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of IGG Inc (IGGGF)?
The net margin of IGG Inc is 10.6% (fiscal year 2025). 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 IGG Inc (IGGGF)?
The return on equity (ROE) of IGG Inc is 17.8% (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 IGG Inc (IGGGF)?
On an EBIT basis the return on assets of IGG Inc is 5.9% (avg 5y). 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 IGG Inc (IGGGF)?
The operating margin of IGG Inc is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IGG Inc (IGGGF)?
Revenue at IGG Inc is growing −7.5% versus a year earlier (3y avg +6.2%). 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 IGG Inc (IGGGF)?
Earnings per share at IGG Inc are growing +5.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does IGG Inc (IGGGF) hold?
IGG Inc holds more cash than debt, HK$2.4B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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