in Mobile Gaming

#G5 Entertainment / #Glu Mobile: App ranking check

Most of us are taking their well-deserved vacation these days, the Nordic Investor app ranking check is not. Looking at the recent share price development of G5 Entertainment one could think that there are clouds on the horizon but as you can see from the following charts, business continues to develop great and G5 Entertainment games enjoy high rankings in the global top grossing charts.

This time, we have also include the download statistics for Glu Mobile, the only real comparable peer to G5 Entertainment that is currently listed on the stock exchange. As G5, Glu Mobile focuses exclusively on mobile games. We are by no means negative on the Glu Mobile stock but we note that their rankings in the top grossing charts have not really shown the same kind of improvement as G5 has. Advantage G5! Glu Mobile is currently trading at 35x expected 2013! earnings, while investors can pick up G5 shares at 11x expected 2012 earnings. Is this kind of valuation difference sustainable? We think not.

(As always, we are screening the app market of Australia, Canada, China, France, Germany, Italy, Japan, Netherlands, Russia, South Korea, Spain, Sweden, UK and USA)

G5 Entertainment games among the top grossing Apple iOS charts:

Glu Mobile games among the top grossing Apple iOS charts:

Nordic Investor

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