GRID DYNAMICS HOLDINGS INC (GDYN) Fundamental Analysis & Valuation

NASDAQ:GDYN • US39813G1094

Current stock price

5.77 USD
+0.13 (+2.3%)
At close:
5.88 USD
+0.11 (+1.91%)
After Hours:

This GDYN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. GDYN Profitability Analysis

1.1 Basic Checks

  • In the past year GDYN was profitable.
  • In the past year GDYN had a positive cash flow from operations.
  • In multiple years GDYN reported negative net income over the last 5 years.
  • GDYN had a positive operating cash flow in each of the past 5 years.
GDYN Yearly Net Income VS EBIT VS OCF VS FCFGDYN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20M -20M 40M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.58%, GDYN is in line with its industry, outperforming 53.41% of the companies in the same industry.
  • GDYN has a Return On Equity (1.78%) which is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 0.13%, GDYN perfoms like the industry average, outperforming 48.86% of the companies in the same industry.
Industry RankSector Rank
ROA 1.58%
ROE 1.78%
ROIC 0.13%
ROA(3y)0.62%
ROA(5y)-1.65%
ROE(3y)0.7%
ROE(5y)-1.87%
ROIC(3y)N/A
ROIC(5y)N/A
GDYN Yearly ROA, ROE, ROICGDYN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60

1.3 Margins

  • GDYN has a Profit Margin (2.35%) which is comparable to the rest of the industry.
  • Looking at the Operating Margin, with a value of 0.22%, GDYN is in line with its industry, outperforming 47.73% of the companies in the same industry.
  • GDYN's Gross Margin of 34.56% is in line compared to the rest of the industry. GDYN outperforms 52.27% of its industry peers.
  • GDYN's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 0.22%
PM (TTM) 2.35%
GM 34.57%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.81%
GM growth 5Y-1.55%
GDYN Yearly Profit, Operating, Gross MarginsGDYN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

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8

2. GDYN Health Analysis

2.1 Basic Checks

  • GDYN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, GDYN has more shares outstanding
  • The number of shares outstanding for GDYN has been increased compared to 5 years ago.
  • There is no outstanding debt for GDYN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
GDYN Yearly Shares OutstandingGDYN Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
GDYN Yearly Total Debt VS Total AssetsGDYN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

2.2 Solvency

  • GDYN has an Altman-Z score of 5.60. This indicates that GDYN is financially healthy and has little risk of bankruptcy at the moment.
  • GDYN has a better Altman-Z score (5.60) than 82.95% of its industry peers.
  • GDYN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 5.6
ROIC/WACC0.01
WACC9.25%
GDYN Yearly LT Debt VS Equity VS FCFGDYN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M 400M 500M

2.3 Liquidity

  • GDYN has a Current Ratio of 8.43. This indicates that GDYN is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of GDYN (8.43) is better than 96.59% of its industry peers.
  • GDYN has a Quick Ratio of 8.43. This indicates that GDYN is financially healthy and has no problem in meeting its short term obligations.
  • With an excellent Quick ratio value of 8.43, GDYN belongs to the best of the industry, outperforming 96.59% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 8.43
Quick Ratio 8.43
GDYN Yearly Current Assets VS Current LiabilitesGDYN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. GDYN Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 8.11% over the past year.
  • GDYN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.67% yearly.
  • GDYN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.47%.
  • GDYN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 29.91% yearly.
EPS 1Y (TTM)8.11%
EPS 3Y-7.78%
EPS 5Y21.67%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)17.47%
Revenue growth 3Y9.87%
Revenue growth 5Y29.91%
Sales Q2Q%5.86%

3.2 Future

  • GDYN is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.45% yearly.
  • Based on estimates for the next years, GDYN will show a quite strong growth in Revenue. The Revenue will grow by 11.78% on average per year.
EPS Next Y18.58%
EPS Next 2Y18.96%
EPS Next 3Y22.45%
EPS Next 5YN/A
Revenue Next Year8.15%
Revenue Next 2Y9.58%
Revenue Next 3Y11.78%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
GDYN Yearly Revenue VS EstimatesGDYN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M 500M
GDYN Yearly EPS VS EstimatesGDYN Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6

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6

4. GDYN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.42, which indicates a correct valuation of GDYN.
  • Based on the Price/Earnings ratio, GDYN is valued a bit cheaper than 69.32% of the companies in the same industry.
  • GDYN is valuated rather cheaply when we compare the Price/Earnings ratio to 25.60, which is the current average of the S&P500 Index.
  • GDYN is valuated correctly with a Price/Forward Earnings ratio of 12.17.
  • 71.59% of the companies in the same industry are more expensive than GDYN, based on the Price/Forward Earnings ratio.
  • GDYN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.43
Fwd PE 12.17
GDYN Price Earnings VS Forward Price EarningsGDYN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 82.95% of the companies in the same industry are more expensive than GDYN, based on the Enterprise Value to EBITDA ratio.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as GDYN.
Industry RankSector Rank
P/FCF 19.49
EV/EBITDA 7.29
GDYN Per share dataGDYN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • GDYN's earnings are expected to grow with 22.45% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.78
PEG (5Y)0.67
EPS Next 2Y18.96%
EPS Next 3Y22.45%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. GDYN Dividend Analysis

5.1 Amount

  • No dividends for GDYN!.
Industry RankSector Rank
Dividend Yield 0%

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GDYN Fundamentals: All Metrics, Ratios and Statistics

GRID DYNAMICS HOLDINGS INC

NASDAQ:GDYN (4/2/2026, 8:00:01 PM)

After market: 5.88 +0.11 (+1.91%)

5.77

+0.13 (+2.3%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)03-05
Earnings (Next)04-29
Inst Owners80.55%
Inst Owner Change-5.97%
Ins Owners6.75%
Ins Owner Change3.75%
Market Cap492.47M
Revenue(TTM)411.83M
Net Income(TTM)9.67M
Analysts85
Price Target11.22 (94.45%)
Short Float %7.9%
Short Ratio3.21
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.74%
Min EPS beat(2)-5.46%
Max EPS beat(2)6.95%
EPS beat(4)3
Avg EPS beat(4)7.8%
Min EPS beat(4)-5.46%
Max EPS beat(4)25.4%
EPS beat(8)6
Avg EPS beat(8)7.15%
EPS beat(12)7
Avg EPS beat(12)4.6%
EPS beat(16)11
Avg EPS beat(16)15.9%
Revenue beat(2)0
Avg Revenue beat(2)-1.64%
Min Revenue beat(2)-1.75%
Max Revenue beat(2)-1.53%
Revenue beat(4)1
Avg Revenue beat(4)-1.18%
Min Revenue beat(4)-1.75%
Max Revenue beat(4)0.09%
Revenue beat(8)5
Avg Revenue beat(8)-0.12%
Revenue beat(12)5
Avg Revenue beat(12)-0.38%
Revenue beat(16)9
Avg Revenue beat(16)0.7%
PT rev (1m)-12%
PT rev (3m)-8.33%
EPS NQ rev (1m)-13.8%
EPS NQ rev (3m)-13.8%
EPS NY rev (1m)-0.36%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-3.04%
Revenue NQ rev (3m)-3.59%
Revenue NY rev (1m)-1.79%
Revenue NY rev (3m)-1.9%
Valuation
Industry RankSector Rank
PE 14.43
Fwd PE 12.17
P/S 1.2
P/FCF 19.49
P/OCF 12.13
P/B 0.91
P/tB 1.18
EV/EBITDA 7.29
EPS(TTM)0.4
EY6.93%
EPS(NY)0.47
Fwd EY8.22%
FCF(TTM)0.3
FCFY5.13%
OCF(TTM)0.48
OCFY8.24%
SpS4.83
BVpS6.35
TBVpS4.88
PEG (NY)0.78
PEG (5Y)0.67
Graham Number7.56
Profitability
Industry RankSector Rank
ROA 1.58%
ROE 1.78%
ROCE 0.16%
ROIC 0.13%
ROICexc 0.33%
ROICexgc 0.78%
OM 0.22%
PM (TTM) 2.35%
GM 34.57%
FCFM 6.14%
ROA(3y)0.62%
ROA(5y)-1.65%
ROE(3y)0.7%
ROE(5y)-1.87%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.81%
GM growth 5Y-1.55%
F-Score8
Asset Turnover0.67
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 77.82%
Cap/Sales 3.72%
Interest Coverage 250
Cash Conversion 196.88%
Profit Quality 261.34%
Current Ratio 8.43
Quick Ratio 8.43
Altman-Z 5.6
F-Score8
WACC9.25%
ROIC/WACC0.01
Cap/Depr(3y)82.89%
Cap/Depr(5y)86.74%
Cap/Sales(3y)3.2%
Cap/Sales(5y)2.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.11%
EPS 3Y-7.78%
EPS 5Y21.67%
EPS Q2Q%-16.67%
EPS Next Y18.58%
EPS Next 2Y18.96%
EPS Next 3Y22.45%
EPS Next 5YN/A
Revenue 1Y (TTM)17.47%
Revenue growth 3Y9.87%
Revenue growth 5Y29.91%
Sales Q2Q%5.86%
Revenue Next Year8.15%
Revenue Next 2Y9.58%
Revenue Next 3Y11.78%
Revenue Next 5YN/A
EBIT growth 1Y169.58%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year91.76%
EBIT Next 3Y43.06%
EBIT Next 5YN/A
FCF growth 1Y37.08%
FCF growth 3Y-0.41%
FCF growth 5Y47.01%
OCF growth 1Y34.45%
OCF growth 3Y8.66%
OCF growth 5Y46.92%

GRID DYNAMICS HOLDINGS INC / GDYN Fundamental Analysis FAQ

What is the ChartMill fundamental rating of GRID DYNAMICS HOLDINGS INC (GDYN) stock?

ChartMill assigns a fundamental rating of 6 / 10 to GDYN.


Can you provide the valuation status for GRID DYNAMICS HOLDINGS INC?

ChartMill assigns a valuation rating of 6 / 10 to GRID DYNAMICS HOLDINGS INC (GDYN). This can be considered as Fairly Valued.


What is the profitability of GDYN stock?

GRID DYNAMICS HOLDINGS INC (GDYN) has a profitability rating of 3 / 10.


What is the valuation of GRID DYNAMICS HOLDINGS INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for GRID DYNAMICS HOLDINGS INC (GDYN) is 14.43 and the Price/Book (PB) ratio is 0.91.


What is the earnings growth outlook for GRID DYNAMICS HOLDINGS INC?

The Earnings per Share (EPS) of GRID DYNAMICS HOLDINGS INC (GDYN) is expected to grow by 18.58% in the next year.