One-glance verdict
Overvalued
$0.07 our estimate vs market $0.75
1022% above our estimate, beyond the bull case
Fundamentals snapshot
GCL Global Holdings Ltd
GCL · NCM · Communication Services · Electronic Gaming & Multimedia
Current price
$0.75
52-week range
$0.38 - $2.80
Market cap
$96.38M
Balance sheet
Stretched
1.43x Concerning
Net debt $22.87M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
2 Risks
2 rewards · 2 risks
- Reward Revenue grew 68.2% last year.
- Reward Free cash flow was positive in 1/10 years.
- Risk Return on equity was -67.3% last year — the company lost money on shareholders' equity.
- Risk Operating margin compressed from 6.1% to -4.7% over 3 years.
What this company does
GCL Global Holdings Ltd
GCL Global Holdings is a video game company that makes money by creating, publishing, and selling games for PCs and consoles around the world. The company also earns revenue (the total money a company brings in from sales) by selling computer hardware like gaming accessories and by creating video advertising for other businesses. This matters because having several ways to make money means the company isn't completely reliant on a single hit game, though it also has to compete in the separate, challenging markets for hardware and advertising.
How the company got here
GCL Global Holdings is a relatively new company in the gaming and entertainment scene, founded in late 2023. A key moment in its story was early 2025, when it combined with another company, a move that allowed it to be listed on the Nasdaq stock exchange. This made it a publicly traded company, meaning anyone can buy or sell shares of its stock. The company is based in Singapore and focuses on the video game market, particularly in Asia.
What it actually does
GCL Global helps bring video games to players, from creation to sale. Think of them as a bridge connecting game developers (the people who make the games) with the gaming community. They are particularly focused on taking games developed in Asia and introducing them to a worldwide audience. Besides games, they also sell the gear you need to play them, like computer parts and accessories.
Distribution and Sale of PC and Console Games and IT Hardware and Computer Accessories
This is the company's largest business area, responsible for getting physical and digital copies of video games into the hands of players. They work with retail stores and online platforms to sell games for computers and consoles like PlayStation or Xbox. This segment also sells computer hardware and accessories, such as gaming components, keyboards, and data storage devices. Essentially, this part of the business profits from selling both the games themselves and the equipment needed to play them.
Game Publishing
Through its subsidiary (a company it owns) called 4Divinity, GCL acts as a game publisher. A publisher helps game developers with funding, marketing, and distributing their games to a wider audience. In return, they take a share of the game's sales. This is a significant part of GCL's strategy, as they help bring games from around the world to Asia, and also introduce Asian-made games to the rest of the world.
Video Marketing Campaign and Social Media Advertising Services
This part of the company operates like an advertising agency, but with a focus on the gaming world. They create and run marketing campaigns and social media advertising for other businesses, helping them reach the gaming community. This provides a different stream of revenue (income) for GCL that is not directly tied to selling games or hardware. They work with a range of clients, from small businesses to government agencies.
What management is betting on now
The company's leadership is heavily focused on expanding its role as a global game publisher through its 4Divinity subsidiary. They are using recent strategic investments to secure the rights to publish more high-profile games. A key part of their strategy is to find popular games and intellectual property (IP, meaning original creative work) from Asia and bring them to a worldwide audience. They also see an opportunity to create unique products by combining their game titles with a partner's hardware, like creating specially branded gaming accessories.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q4
$-10.47M
FY2026 Q4
$-11.65M
Revenue
$238.92M
Net income
$-25.00M
Diluted EPS
-0.20
Operating cash flow
$-10.50M
Free cash flow
$-11.65M
Fetching…
Sources
Revenue
$142.07M
Net income
$5.59M
Diluted EPS
0.05
Operating cash flow
$-10.31M
Free cash flow
$-10.47M
Fetching…
Sources
Is it cheap or expensive?
Fair value $0.07 vs current price $0.75
Our most-likely fair value is $0.07 a share — about 91.1% below today's price of $0.75, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Stretched
Net debt $22.9M. Interest coverage 1.4x.
Net debt
$22.87M
Interest coverage
1.43x
GCL Global Holdings Ltd's profit covers its interest bill about 1.4 times over. and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Stretched
Worse cushion
Baseline
Better cushion
GCL
BASELINE
GCL Global Holdings Ltd
Total debt $60.06M Interest coverage 1.43x This is the baseline the peer rows are being compared against.
Total debt $70.38B Interest coverage 18.49x +1,189% vs GCL Carries about 12.9x more debt cushion than GCL.
Total debt $1.88B Interest coverage 9.06x +532% vs GCL Carries about 6.3x more debt cushion than GCL.
Total debt $1.87B Interest coverage 21.92x +1,428% vs GCL Carries about 15.3x more debt cushion than GCL.
Total debt $2.94B Interest coverage -0.67x -100% vs GCL This peer has almost no interest-payment cushion compared with GCL.
Total debt $4.13B Interest coverage 59.07x +4,018% vs GCL Carries about 41.2x more debt cushion than GCL.
What you should know
The case for and against GCL
2 Rewards
2 Risks
Rewards
-
Revenue grew 68.2% last year.
-
Free cash flow was positive in 1/10 years.
Risks
-
Return on equity was -67.3% last year — the company lost money on shareholders' equity.
-
Operating margin compressed from 6.1% to -4.7% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
—
P/B
2.62x
P/S
0.40x
EV/EBITDA
-10.59x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
10.3%
Operating margin
-4.7%
Net margin
-10.5%
ROE
-67.3%
ROA
-5.8%
Health
Liquidity and balance-sheet strength
Debt / equity
1.47x
Current ratio
1.52x
Quick ratio
0.90x
Total debt
$60.06M
Total cash
$37.19M
Growth
How the business has been compounding
Revenue TTM
$555.98M
Revenue 5Y CAGR
45.6%
EPS TTM
-0.20
EPS 5Y CAGR
10.1%
Cash flow
How much cash the business throws off
Operating CF TTM
$-23.86M
Free CF TTM
$-11.65M
FCF margin
-2.1%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
—