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DDI

DoubleDown Interactive Co. Ltd. American Depository Shares (DDI) fair value

Communication Services · Electronic Gaming & Multimedia · NASDAQ · United States
$13.24-0.75%
Market cap $656MNext earnings 2026-11-09Updated Oct 20, 2026
Add earnings to calendarGoogle
Our verdict
Trades 59% below our fair value
Price
$13.24
Model fair valueConfidence: good
$32.00
Model range
$29.96 to $33.70
Fair value $32.00
Price $13.24
2 models fit DoubleDown Interactive Co. Ltd. American Depository Shares and they agree: 2 of 2 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Large discount(i)Gold85
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionDoubleDown Interactive Co. Ltd. American Depository Shares (DDI)
Fair value (2 models)
$32.00
ACCE price target
$16.40
Rating
Undervalued
Horizon
12 months
Fair value published on 20 Oct 2026, 15:04 CEST; previously $37.68 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 15:04 CEST.
Price used: $13.24 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
58.6% below
+141.7% to fair value
ACCE score
90
out of 100
Analysts
80% buy
5 covering
P/E
5.3x
forward 5.4x
1-year return
+46.0%
Dividend yield
0.00%

DoubleDown Interactive Co. Ltd. American Depository Shares in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

DoubleDown Interactive, a Seattle-based developer of free-to-play social casino games sold as American Depositary Shares, runs a portfolio of licensed slot and card titles such as DoubleDown Casino and WSOP Poker, monetised mainly through in-app purchases of virtual chips. Its moat is a long-running, mature player base with high lifetime value and a 73.4% gross margin, which lets it turn revenue into a 38.7% operating margin. Revenue grew 11.2% year on year, and the company is still growing while trading at 5.4 times trailing earnings and 5.0 times forward earnings, a multiple that prices in little durability for a business with this margin profile. The 680 million dollar market cap and absence from any major index mean coverage is thin, which is the main reason to look harder, since a mispricing of this kind usually survives only where few analysts are watching. The obvious risks are regulatory scrutiny of social casino products and a player base that ages and churns, so the first question for the deeper work is whether the 13.1% return on equity holds up once those pressures are modelled.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 1 flagAI-assisted·How I use AI
  • moderate
    Flat five-year revenue
    Revenue has grown only 0.1% a year over five years, while the latest year shows +11.2% and QoQ is -0.1%. Recent growth may not be durable.

AI research notes

AI-assisted·How I use AIWritten Oct 23, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Free cash flow of $137M over the last twelve months gives the business real cash to work with.
  • Four of five analysts rate the stock Buy or Strong Buy, and their mean price target sits 35.3% above the current price.
  • Revenue grew 11.2% year over year, and the latest quarter beat earnings expectations by 8.2%.
Why it could disappoint
  • Revenue grew only 0.1% per year over five years, so the recent 11.2% jump may not last.
  • Return on invested capital of 8.5% is modest, and return on equity is 13.1%, so growth is not yet earning strong returns.
  • The stock trades 58.6% below the model fair value of $32.00, yet the consensus rests on only 2 of 4 valuation models.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 9, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where DDI's valuation models land
Price
$13.24
Model fair value
$32.00
Model range
$29.96 to $33.70
Fair value $32.00
Price $13.24
The price is below the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish80% buy · 5 covering analysts
● Strong buy 4● Buy 0● Hold 1● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-4.1%
1 month
+1.8%
3 months
+15.9%
6 months
+47.9%
YTD
+53.4%
1 year
+46.0%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
20 Oct 2026, 15:04 CESTRatingUndervaluedfirst publication$13.88
20 Oct 2026, 15:04 CESTFair value$32.00$37.68$13.88
15 Oct 2026, 00:00 CESTACCE price target$16.40first publication$13.65
11 Oct 2026, 00:00 CESTFair value$37.68$32.18$13.65
22 Sept 2026, 00:00 CESTFair value$32.18$32.56$12.75
6 Sept 2026, 00:00 CESTFair value$32.56$32.21$12.82
3 Sept 2026, 00:00 CESTFair value$32.21$32.56$12.70
20 Aug 2026, 00:00 CESTFair value$32.56$33.77$12.66
12 Aug 2026, 00:00 CESTFair value$33.77$33.06$12.43
7 Aug 2026, 00:00 CESTFair value$33.06first publication$11.95

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth76Value96Quality90Momentum97Total90
Valuation
Trailing P/E
5.3x
Forward P/E
5.4x
PEG
0.11
P/B
0.64x
EV / Revenue
0.3x
Book value/sh
$20.41
Enterprise value
$130M
Profitability
ROE
13.1%
FCF yield
20.07%
ROIC
8.5%
Health and risk
Debt / equity
0.05
Dividend yield
0.00%
Beta
1.04

Price

+49.9% · 1Y

Ask anything about DDI

Answered from DoubleDown Interactive Co. Ltd. American Depository Shares fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 40% of peers
low 0.0x5.3xhigh 83.8x
ROEbetter than 67% of peers
low -95%13%high 19%
Div yieldbetter than 67% of peers
low 0.0%0.0%high 9.7%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
DDI DoubleDown Interactive Co. Ltd. American Depository Shares$13.24$3259% below5.3x13.1%9090
UBI.PA Ubisoft Entertainment SA€4.63€1260% below--95.0%3837
PLTK Playtika Holding Corp. Common Stock$2.06$453% below-0.0%4548
GRVY GRAVITY Co. Ltd. American Depository Shares$66.19$10134% below7.8x13.2%7570
SOHU Sohu.com Limited American Depositary Shares$12.73$148% below1.5x19.4%7846
SF.ST Stillfront Group AB (publ)kr 5.90----35.9%4759
MTG-B.ST Modern Times Group MTG ABkr 120.20kr 15623% below83.8x1.5%5560

Sector report card

Where DDI ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Sep 11, 2026
    DoubleDown Interactive to Donate $10,000 to the ASPCA®
  • GlobeNewswire•Aug 17, 2026
    Four Tree Island Advisory Urges Special Committee of DoubleDown Interactive to Demand Fair Value for Minority Shareholders
  • GlobeNewswire•Aug 11, 2026
    DoubleDown Interactive Second Quarter 2026 Revenue Rises 11.2% to $94.3 Million and Earnings per Fully Diluted Common Share Increase 50.5% to $13.27
5 more press releases · full archive on Investor+.INVESTOR
20 filings of 34
September 2026
Sep 11
6-KForeign current reportPeriod 2026-09-11
View on SEC →
August 2026
Aug 11
6-KForeign current reportPeriod 2026-06-30
View on SEC →
July 2026
Jul 28
6-KForeign current reportPeriod 2026-07-28
View on SEC →
17 more filings + AI summaries on Investor+.INVESTOR