GDEV
GDEV Inc.
GDEV has lower modeled downside risk, despite its lower overall score.
SNDK
Sandisk Corporation
SNDK has the edge over GDEV overall, supported by stronger fundamentals and stronger modeled upside.
GDEV Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| Strong | |
| Strong |
GDEV's profitability, cash flow and balance sheet are currently strong, but its revenue is under pressure.
SNDK Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
SNDK's revenue, profitability, cash flow and balance sheet are all currently strong.
GDEV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 2x | $8.34 | — |
| Cheap | 4.2x | $17.31 | +107% |
| Fair | 8.8x | $36.22 | +334% |
| Expensive | 12x | $51.03 | +512% |
Historical ranges are pointers, not guarantees.
GDEV has the edge over SNDK in the historical PE scenario, which offers more potential upside but is not a forecast.
SNDK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 3.8x | $937 | — |
| Current | 7.5x | $937 | — |
| Cheap | 17x | $2,173 | +132% |
| Fair | 24x | $3,048 | +225% |
| Expensive | 59x | $7,452 | +695% |
Historical ranges are pointers, not guarantees.
SNDK's PE is 7.5x, but its earnings don't support one, so it isn't a reliable read right now.
GDEV Forward outlook
There aren't enough analyst estimates for GDEV to show an outlook.
SNDK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for SNDK, with profitability improving.
GDEV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.11 | +75% |
| Q1 2026 | $3.93 | +74% |
| Q4 2025 | $3.78 | +215% |
| Q3 2025 | $2.88 | +52% |
| Q2 2025 | $2.35 | +2.2% |
| Q1 2025 | $2.26 | -10% |
| Q4 2024 | $1.20 | -50% |
| Q3 2024 | $1.89 | +$5.13 |
GDEV earned $4.11 per share over the past year, up 75% from the year before.
SNDK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $247.30 | +97% |
| Q3 2026 | $125.61 | +$137.63 |
| Q2 2026 | $73.76 | +$85.07 |
| Q2 2025 | -$11.31 | -$6.65 |
SNDK has the edge over GDEV in the latest year-over-year earnings comparison.
GDEV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $93.6M | -22% |
| Q1 2026 | $99M | +2% |
| Q4 2025 | $90M | -7.7% |
| Q3 2025 | $97.6M | -12% |
| Q2 2025 | $119.9M | +13% |
| Q1 2025 | $97M | -9.3% |
| Q4 2024 | $97.5M | -11% |
| Q3 2024 | $110.7M | -8.8% |
GDEV's revenue has slid since its 2022 peak: $94M last quarter, down 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 22% | +6.2 points |
| Q1 2026 | 18% | +4.7 points |
| Q4 2025 | 14% | +1.4 points |
| Q3 2025 | 26% | +12 points |
| Q2 2025 | 16% | +1.2 points |
| Q1 2025 | 14% | +14 points |
| Q4 2024 | 13% | +5.3 points |
| Q3 2024 | 13% | -11 points |
GDEV's operating margin was 22% last quarter, up 6.2 points from the same quarter a year ago.
SNDK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11B | +378% |
| Q2 2026 | $9B | +372% |
| Q1 2026 | $6B | +251% |
| Q4 2025 | $3B | +61% |
| Q3 2025 | $2.3B | +23% |
| Q2 2025 | $1.9B | +8% |
| Q1 2025 | $1.7B | -0.6% |
| Q4 2024 | $1.9B | +13% |
SNDK has the edge over GDEV on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 80% | +72 points |
| Q2 2026 | 78% | +78 points |
| Q1 2026 | 69% | +180 points |
| Q4 2025 | 35% | +25 points |
| Q3 2025 | 7.6% | -9 points |
| Q2 2025 | 0.9% | N/A |
| Q1 2025 | -111% | -122 points |
| Q4 2024 | 10% | +6.6 points |
SNDK has the edge over GDEV on profitability, with a higher operating margin.
GDEV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $7.4M | +$17.3M |
| Q1 2026 | $7.4M | +16% |
| Q4 2025 | $20.3M | +319% |
| Q3 2025 | $15.1M | +28% |
| Q2 2025 | -$9.9M | -186% |
| Q1 2025 | $6.4M | +1654% |
| Q4 2024 | $4.8M | -50% |
| Q3 2024 | $11.8M | +46% |
GDEV has the edge over SNDK on cash flow, with more consistent year-over-year improvement.
SNDK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.3B | +1340% |
| Q2 2026 | $7.1B | +14355% |
| Q1 2026 | $3B | +$3B |
| Q3 2025 | $438M | +$636M |
| Q2 2025 | $49M | +$217M |
| Q1 2025 | -$18M | +$23M |
| Q3 2024 | -$198M | -$157M |
SNDK generated $17.4B in free cash flow over the past year, more than ten times what it generated the year before.
GDEV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.9% | +343K shares |
| 1 year | -0.3% | -47.8K shares |
| 3 years | -2.3% | -433K shares |
| 5 years | -6% | -1.2M shares |
| Available history | -6% | -1.2M shares |
GDEV has the edge over SNDK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
GDEV hasn't bought back shares in the past year.
SNDK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | +3.4% | +5M shares |
| 3 years | +6.9% | +10M shares |
SNDK has 154M diluted shares, up 3.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5B |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
GDEV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | 0.0x | Very low |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -1.0x | Net Cash |
| Q4 2024 | -2.3x | Net Cash |
| Q3 2024 | -2.0x | Net Cash |
GDEV has the edge over SNDK on leverage, with a lower net debt burden relative to earnings.
SNDK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
SNDK has more cash than debt.
GDEV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.5 | Neutral |
| Stochastic | 2.5 | Oversold |
GDEV's weekly RSI is 33 (neutral) and its Stochastic is 3 (oversold).
SNDK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 10.6 | Oversold |
SNDK's weekly RSI is 40 (neutral) and its Stochastic is 11 (oversold).
GDEV PE vs Technology Sector
| Metric | GDEV | Sector median | Relative |
|---|---|---|---|
| PE | 2x | 28x | 93% below |
| PE % | 0 | 38 | 38 pts below |
GDEV has the edge over SNDK on valuation relative to its sector.
SNDK PE vs Technology Sector
| Metric | SNDK | Sector median | Relative |
|---|---|---|---|
| PE | 7.5x | 28x | 73% below |
| PE % | 4 | 27 | 23 pts below |
SNDK is trading at 7.5x earnings, a 73% discount to the Technology sector's median of 28x, though its earnings don't support one.
GDEV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.95 | 16% below |
| 20 week MA | $11.1 | 25% below |
| 50 week MA | $13.7 | 39% below |
| 100 week MA | $15.6 | 47% below |
| 200 week MA | $26.5 | 69% below |
SNDK has stronger trend alignment. GDEV is above 0 of 5 weekly averages versus SNDK above 0 of 3.
SNDK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,317.5 | 29% below |
| 20 week MA | $1,465.4 | 36% below |
| 50 week MA | $1,119.6 | 16% below |
SNDK is in a downtrend: it's below all three of its weekly moving averages, and 16% below its 50-week average.
GDEV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $97.0 | $101.3 | +4.4% |
| 2021 | $101.3 | $80.1 | -21% |
| 2022 | $80.1 | $63.8 | -20% |
| 2023 | $63.8 | $22.1 | -65% |
| 2024 | $22.1 | $19.1 | -14% |
| 2025 | $19.1 | $16.0 | -16% |
| 2026 YTD | $16.0 | $8.34 | -48% |
GDEV has finished five years in a row lower, and it's down 48% so far in 2026.
SNDK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $50.4 | $250.1 | +396% |
| 2026 YTD | $250.1 | $937.5 | +275% |
SNDK has the edge over GDEV on returns for 2026, with the stronger performance.