Gamestop Corp Dossier
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SectorConsumer Discretionary IndustrySpecialty Retail Beta (adjusted)1.49 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $24.11Price as of 1 Oct 2026 Data confidenceNot applicable Market Cap $12.2B Enterprise Value $7.3B Shares Outstanding 504.5M diluted Moat Rating Wide Next Earnings Date8 Dec 2026 Last ex-dividend14 Mar 2019 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary GameStop's investment case is balanced between materially stronger operating profitability and unusually high strategic and capital-allocation uncertainty. Preliminary second-quarter operating income of USD 150-170 million substantially exceeds the prior-year USD 66.4 million despite expected sales falling to USD 780-800 million from USD 972.2 million. Management also expects fiscal-year 2026 adjusted EBITDA above USD 600 million. Offsetting those improvements, GameStop has concentrated substantial capital in 43.4 million eBay shares, continues pursuing a transformative acquisition, expects to issue approximately 55.5 million GameStop shares and pay USD 358.4 million through its amended note exchange, and remains exposed to digital-asset volatility. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario Sales contraction persists, improved operating income proves difficult to sustain, and concentrated eBay and digital-asset exposures create material mark-to-market losses or restrict financial flexibility. Share issuance under the amended note exchange dilutes holders while the proposed eBay acquisition adds financing, execution, integration, and regulatory uncertainty. Base CaseCentral scenario GameStop delivers profitability near its disclosed outlook while core sales remain volatile and below the prior-year second-quarter level. The eBay position remains a major source of both potential value and earnings volatility, and the proposed acquisition remains uncertain. Bull CaseUpside scenario Operating discipline and a richer sales mix sustain profitability despite a smaller retail footprint, fiscal-year adjusted EBITDA exceeds management's USD 600 million threshold, and GameStop's eBay investment or proposed transaction creates incremental strategic value. Successful completion of the note exchange would also reduce outstanding convertible principal while fixing the shares issued in that transaction. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |