Anghami Inc. (ANGH) AI Stock Analysis

• Market Cap: $20.86M
• Dividend Yield: N/A
• Average Volume (3M): 198.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: 88.72%
• EPS Growth: -85.54%
• Country: US
• Employees: 186
• Sector: Communication Services
• Sector Strength: 96
• Industry: Entertainment
• EPS (TTM): -5.37
• Shares Outstanding: 6,686,470
• 10 Day Avg. Volume: 15,071
• 30 Day Avg. Volume: 198,632
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.49
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -15.54
• 1Y Price Target: $0.50
• Price Target Upside: -84.76% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 41 Neutral
• Price Target: $0.50 ▼(-84.76% Downside)

Anghami Inc.'s overall stock score is significantly influenced by its financial performance, which remains challenged by ongoing losses and negative cash flows despite revenue growth. Technical analysis indicates bearish trends, and valuation is negatively impacted by a lack of profitability. These factors collectively suggest a cautious outlook for the stock.

Anghami Inc. Business Overview & Revenue Model

Company Description

Anghami Inc. (ANGH) is a leading digital music entertainment technology provider based in the Middle East and North Africa (MENA) region. It offers a comprehensive platform for streaming music, delivering a wide range of Arabic and international songs, podcasts, and other audio content. Anghami is recognized for its extensive library of licensed music content and its commitment to providing a personalized user experience through advanced machine learning algorithms.

How the Company Makes Money

Anghami Inc. generates revenue through a diversified model that includes subscription services, advertising, and partnerships. The company offers a subscription-based model, Anghami Plus, which provides users with an ad-free experience, offline listening, and high-quality audio streaming for a monthly fee. Additionally, Anghami capitalizes on ad-supported free tier services, where it earns money through display and audio advertising. Strategic partnerships with telecom operators and brands also play a crucial role in expanding its user base and enhancing monetization opportunities. Anghami's ability to leverage data analytics to target specific demographics further enhances its appeal to advertisers, contributing significantly to its revenue streams.

Anghami Inc. Financial Statement Overview

Summary

Overall, Anghami Inc. presents a mixed financial picture. While revenue growth in 2024 is promising, persistent losses and negative cash flows highlight ongoing operational challenges. The balance sheet shows improvement in equity but remains leveraged. The company must focus on achieving operational efficiency and improving cash flow generation to ensure sustainable growth.

Income Statement

Anghami Inc. has shown fluctuating revenue with a significant increase in 2024 compared to 2023, indicating potential for growth. However, the company consistently operates at a loss, with negative net income and negative EBIT margins. The gross profit margin is negative, highlighting issues with cost management. Despite revenue growth, profitability remains a significant challenge.

Balance Sheet

The company's balance sheet shows a positive stockholders' equity in 2024, an improvement from previous negative equity positions, indicating efforts to stabilize financial health. However, the debt-to-equity ratio is still a concern given the high level of liabilities relative to equity, posing potential risk if not managed carefully.

Cash Flow

Anghami Inc. has negative operating and free cash flow, which raises concerns about its ability to generate sufficient cash from operations. The increase in financing cash flow in 2024 suggests reliance on external funding, which could strain financial flexibility in the long term.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	78.09M	41.38M	48.48M	35.50M	0.00
Gross Profit	0.00	-24.02M	10.29M	9.35M	9.04M	0.00
EBITDA	-3.35M	-55.44M	-11.52M	-55.98M	-14.53M	941.64K
Net Income	-3.35M	-63.55M	-15.81M	-61.02M	-17.79M	941.64K
Balance Sheet
Total Assets	101.11M	124.08M	19.46M	29.63M	13.03M	100.76M
Cash, Cash Equivalents and Short-Term Investments	38.41K	14.17M	6.24M	3.14M	1.08M	709.88K
Total Debt	1.00M	12.30M	170.90K	360.80K	18.78M	0.00
Total Liabilities	9.31M	65.43M	33.56M	36.07M	40.99M	10.43M
Stockholders Equity	91.80M	59.85M	-12.92M	-5.12M	-26.84M	90.33M
Cash Flow
Free Cash Flow	-316.54K	-47.41M	-3.98M	17.06K	-14.31M	-421.32K
Operating Cash Flow	-316.54K	-47.36M	-3.88M	17.06K	-14.14M	-421.32K
Investing Cash Flow	-1.00M	-1.04M	-1.31M	-12.58M	-1.49M	-100.00M
Financing Cash Flow	968.52K	56.31M	8.31M	15.04M	10.65M	101.13M

Anghami Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 3.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANGH, the sentiment is Neutral. The current price of 3.28 is above the 20-day moving average (MA) of 3.24, below the 50-day MA of 4.13, and below the 200-day MA of 6.02, indicating a neutral trend. The MACD of -0.25 indicates Negative momentum. The RSI at 43.76 is Neutral, neither overbought nor oversold. The STOCH value of 41.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ANGH.

Anghami Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$46.28B	4.13	-13.12%	4.13%	1.85%	-42.71%
DLPN	49 Neutral	$14.44M	―	-101.62%	―	4.84%	-9.71%
LVO	47 Neutral	$58.09M	―	154.70%	―	-18.76%	-21.72%
TOON	43 Neutral	$38.87M	―	-57.70%	―	14.09%	67.05%
ANGH	41 Neutral	$20.86M	―	-270.84%	―	88.72%	-85.54%
KUKE	41 Neutral	$8.16M	―	-218.47%	―	-36.94%	15.41%
HOFV	39 Underperform	$5.59M	―	-72.74%	―	-17.54%	24.84%