Investors who got into Sweden’s G5 Entertainment AB (CPH: G5EN) back early 2016 will be laughing all the way to the bank.
Why? Well, a US$1,000 investment would now be worth more US$13,000 such has been the interest in the games developer.
One suspects its main backer, Swedbank, which has just under 11% of the company, has done very well in the process.
But there is an argument to say stock in the maker of Homicide Squad, Pirates and Pearls and The Island may have further to go.
WACTH our video to learn more about G5
At 33-times earnings, G5’s shares look expensive.
But this is the computer games sector where World of Warcraft-maker Activision Blizzard is rated at 61-times, Ubisoft, the developer Assassin’s Creed is on an eye-watering 85-times and Electronic Arts, the inventor of FIFA, changes hands for 43-times EPS.
In that sort of company G5 looks a bargain. The company is listed in Stockholm, so perhaps a change of venue may on the cards.
Certainly a move to the US would likely lift that stock market rating.
And as our video below shows, G5 has been active at the investment conferences Stateside.
WATCH our video to learn more about G5