Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
TROPHY GAMES Development A/S engages in the developing, manufacturing, publishing, and selling of online games for computers, web, mobiles, and related products in Denmark. It primarily focuses on football management games. The company was incorporated in 2006 and is based in Copenhagen, Denmark.
DKK 1.74
DKK 0.01 (-0.85%)
EOD Jul 1, 2026
16.21% operating margin is respectable but not wide. ROIC at 21.66%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 40.5% YoY with margins expanding 6.1pp. However, free cash flow softened 16%, worth monitoring whether this is timing or structural.
Free cash flow declined 16% versus the prior year, cash generation momentum has weakened.
3.7x earnings, 13.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
DKK 127M
▲ +40.5% YoY
Net Income (TTM)
DKK 13M
▲ +67.8% YoY
Op. Margin
16.21%
▲ +6.1pp YoY
ROIC
21.66%
▲ +8.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
DKK 4M
▼ -15.5% YoY
Op. Cash Flow (TTM)
DKK 4M
▼ -27.7% YoY
Net Debt
-DKK 23M
Net Cash Position
Cash & Equiv.
DKK 23M
3Y CAGR: +35.7%
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At a P/E of 3.7 and a price-to-free-cash-flow of 13.0, TROPHY GAMES Development A/S (TGAMES.XCSE) trades below a two-stage DCF intrinsic value of about DKK 3.19 per share, so at DKK 1.74 the stock looks undervalued (83.5% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, TROPHY GAMES Development A/S scores 84/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about DKK 3.19 per share for TGAMES.XCSE, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around DKK 2.39. At today's DKK 1.74, that puts the stock about 83.5% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
TROPHY GAMES Development A/S scores 84 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 16.2% operating margin and a 21.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. TGAMES.XCSE currently trades below its estimated intrinsic value and scores 84/100 on quality (high-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.