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Codemasters Group: a racey future ahead (Updated)
Codemasters is a video game developer and publisher, specialising in high quality racing games. While the shares have performed well over the pandemic, the valuation continues to remain modest compared to AIM peers. This in-depth report highlights its attractions and key areas of concern.
With its HQ in Warwickshire and employing over 750 people in the UK, Malaysia and India, Codemasters Group Holdings (LON:CDM) has a 30 year track record of producing successful racing video games.
The group owns the Intellectual Property (‘IP’) to 3 games DiRT, GRID and ONRUSH but, more significantly, has exclusive rights over the official videogame of the FIA FORMULA ONE WORLD CHAMPIONSHIP (‘F1’), which is assumed to represent a large percentage of group revenue, although exact…
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