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Shift Up Valuation Multiples

Discover revenue and EBITDA valuation multiples for Shift Up and similar public comparables like Modern Times Group, Playtika, YOOZOO Games, Yalla Group and more.

Shift Up Overview

About Shift Up

Shift Up Corp is a game design and development studio that covers a wide range of areas from game production to promotional videos and music production, based on illustrations and solid planning and programming capabilities.


Founded

2013

HQ

South Korea

Employees

319

Financials (LTM)

Revenue: $186M
EBITDA: $115M

EV

$955M

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Shift Up Financials

Shift Up reported last 12-month revenue of $186M and EBITDA of $115M.

In the same LTM period, Shift Up generated $186M in gross profit, $115M in EBITDA, and $116M in net income.

Revenue (LTM)


Shift Up P&L

In the most recent fiscal year, Shift Up reported revenue of $203M and EBITDA of $164M.

Shift Up expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Shift Up forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$186MXXX$203MXXXXXXXXX
Gross Profit$186MXXX$201MXXXXXXXXX
Gross Margin100%XXX99%XXXXXXXXX
EBITDA$115MXXX$164MXXXXXXXXX
EBITDA Margin62%XXX81%XXXXXXXXX
EBIT Margin60%XXX62%XXXXXXXXX
Net Profit$116MXXX$131MXXXXXXXXX
Net Margin63%XXX64%XXXXXXXXX

Financial data powered by Morningstar, Inc.

Shift Up Stock Performance

Shift Up has current market cap of $1B, and enterprise value of $955M.

Market Cap Evolution


Shift Up's stock price is $22.67.

See Shift Up trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$955M$1B0.0%XXXXXXXXX$2.25

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Shift Up Valuation Multiples

Shift Up trades at 5.1x EV/Revenue multiple, and 8.3x EV/EBITDA.

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EV / Revenue (LTM)


Shift Up Financial Valuation Multiples

As of April 19, 2026, Shift Up has market cap of $1B and EV of $955M.

Equity research analysts estimate Shift Up's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Shift Up has a P/E ratio of 11.3x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$1BXXX$1BXXXXXXXXX
EV (current)$955MXXX$955MXXXXXXXXX
EV/Revenue5.1xXXX4.7xXXXXXXXXX
EV/EBITDA8.3xXXX5.8xXXXXXXXXX
EV/EBIT8.6xXXX7.6xXXXXXXXXX
EV/Gross Profit5.1xXXX4.8xXXXXXXXXX
P/E11.3xXXX10.1xXXXXXXXXX
EV/FCF11.1xXXX9.1xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Shift Up Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Shift Up Margins & Growth Rates

Shift Up's revenue in the last 12 month declined by (17%).

Shift Up's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.

Shift Up's rule of 40 is 30% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Shift Up's rule of X is (12%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Shift Up Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth(17%)XXX(29%)XXXXXXXXX
EBITDA Margin62%XXX81%XXXXXXXXX
EBITDA Growth(22%)XXX(49%)XXXXXXXXX
Rule of 40—XXX30%XXXXXXXXX
Bessemer Rule of X—XXX(12%)XXXXXXXXX
Revenue per Employee—XXX$0.6MXXXXXXXXX
Opex per Employee—XXX$0.2MXXXXXXXXX
S&M Expenses to Revenue0%XXX14%XXXXXXXXX
G&A Expenses to Revenue—XXX3%XXXXXXXXX
Opex to Revenue—XXX38%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Shift Up Public Comps

See public comps and valuation multiples for other Gaming - Console & PC and Gaming - Mobile comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
Shift UpXXXXXXXXXXXXXXXXXX
Modern Times GroupXXXXXXXXXXXXXXXXXX
PlaytikaXXXXXXXXXXXXXXXXXX
YOOZOO GamesXXXXXXXXXXXXXXXXXX
Yalla GroupXXXXXXXXXXXXXXXXXX
Embracer GroupXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Shift Up M&A Activity

Shift Up acquired XXX companies to date.

Last acquisition by Shift Up was on XXXXXXXX, XXXXX. Shift Up acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Shift Up

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Shift Up Investment Activity

Shift Up invested in XXX companies to date.

Shift Up made its latest investment on XXXXXXXX, XXXXX. Shift Up invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Shift Up

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Shift Up

When was Shift Up founded?Shift Up was founded in 2013.
Where is Shift Up headquartered?Shift Up is headquartered in South Korea.
How many employees does Shift Up have?As of today, Shift Up has over 319 employees.
Who is the CEO of Shift Up?Shift Up's CEO is Hyung - Hyun Kim.
Is Shift Up publicly listed?Yes, Shift Up is a public company listed on Korea Exchange.
What is the stock symbol of Shift Up?Shift Up trades under 462870 ticker.
When did Shift Up go public?Shift Up went public in 2024.
Who are competitors of Shift Up?Shift Up main competitors are Modern Times Group, Playtika, YOOZOO Games, Yalla Group.
What is the current market cap of Shift Up?Shift Up's current market cap is $1B.
What is the current revenue of Shift Up?Shift Up's last 12 months revenue is $186M.
What is the current revenue growth of Shift Up?Shift Up revenue growth (NTM/LTM) is (17%).
What is the current EV/Revenue multiple of Shift Up?Current revenue multiple of Shift Up is 5.1x.
Is Shift Up profitable?Yes, Shift Up is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Shift Up?Shift Up's last 12 months EBITDA is $115M.
What is Shift Up's EBITDA margin?Shift Up's last 12 months EBITDA margin is 62%.
What is the current EV/EBITDA multiple of Shift Up?Current EBITDA multiple of Shift Up is 8.3x.
What is the current FCF of Shift Up?Shift Up's last 12 months FCF is $86M.
What is Shift Up's FCF margin?Shift Up's last 12 months FCF margin is 46%.
What is the current EV/FCF multiple of Shift Up?Current FCF multiple of Shift Up is 11.1x.

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