Grid Dynamics Holdings, Inc.

Technology
Computer Software: Prepackaged Software
www.griddynamics.com

Earnings Score
Moat Score

Market Cap $1.45B
PE 601
Debt $NaN
Cash $231.26M
EV $NaN
FCF $19.28M

Earnings

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Sales & Net Margins

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Earnings	$2.42M
EBIT	$6.79M
ROE	1%
ROA	1%
FCF	$19.28M
Equity	$400.25M
Growth Stability	1
PE	601.38
PB	3.63
P/FCF	75.44
P/S	4.43
Price/Cash	0.16
Net Margins	-0%
Gross Margins	36%
Op. Margins	2%
Earnings CAGR	0%
Sales Growth YoY	13%
Sales Growth QoQ	5%
Sales CAGR	30%
FCF CAGR	27%
Equity CAGR	210%
Earnings Stability	-0.46
Earnings Growth YoY	533%

Earnings Growth QoQ	-624%
Sales CAGR 5Y	33%
FCF CAGR 5Y	45%
Equity CAGR 5Y	39%
Earnings CAGR 3Y	13%
Sales CAGR 3Y	13%
FCF CAGR 3Y	17%
Equity CAGR 3Y	23%
Market Cap	$1.45B
Revenue	$328.36M
Assets	$477.25M
Cash	$231.26M
Shares Outstanding	76.49M
Earnings Score	6%
Moat Score	23%
Working Capital	268.76M
Current Ratio	5.96
Gross Profit	$118.07M
Shares Growth 3y	8%
Equity Growth QoQ	3%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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Grid Dynamics Holdings Inc is a digital-native technology services company. The company provides digital transformation consulting and implementation services in omnichannel customer experience, big data analytics, search, artificial intelligence, cloud migration, and application modernization. The company has offices across the US, UK, Netherlands, Mexico, and Central and Eastern Europe.

SEC Filings

Direct access to Grid Dynamics Holdings, Inc. (GDYN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Grid Dynamics Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Grid Dynamics Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 0%

Stability -46%

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Grid Dynamics Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Grid Dynamics Holdings, Inc..

Years

Calculation mode

= $1.2B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$19M	$24M	$31M	$39M	$50M	$63M	$79M	$100M	$127M	$161M	$204M	$2B
DCF		$22M	$26M	$29M	$34M	$39M	$45M	$52M	$59M	$68M	$79M	$785M
Value	$1.2B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	06/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-3%	-11%	-4%	-9%	-1%	-0%
ROA	-	7%	-9%	0%	-5%	1%	1%
ROE	-	-6%	-8%	-3%	-8%	-0%	1%

Bad Net Margins (-0.19%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	06/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	0	-	-	-
Debt over Equity	-	0.01	-	0	-	-	-
Growth Stability	-	-	-	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	06/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-6%	90%	47%	1%	33%
Earnings YoY growth	-	211K%	279%	-39%	279%	-94%	-
Equity YoY growth	-	231K%	181%	50%	60%	5%	39%
FCF YoY growth	-	-	-163%	260%	93%	30%	45%