Anghami Inc. (ANGH) AI Stock Analysis

• Market Cap: $32.90M
• Dividend Yield: N/A
• Average Volume (3M): 13.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.39
• Revenue Growth: 88.72%
• EPS Growth: -85.53%
• Country: US
• Employees: 186
• Sector: Communication Services
• Sector Strength: 79
• Industry: Entertainment
• EPS (TTM): -0.54
• Shares Outstanding: 66,864,690
• 10 Day Avg. Volume: 14,728
• 30 Day Avg. Volume: 13,334
• PEG Ratio: >-0.01
• Price to Book (P/B): -8.13
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.76
• Enterprise Value/Market Cap: 1.18
• Enterprise Value/Revenue: 0.26
• Enterprise Value/Gross Profit: 4.43
• Enterprise Value/Ebitda: -1.28
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: $0.50 ▲(4.17%Upside)

Anghami Inc. faces significant financial challenges, with persistent losses and negative cash flows despite revenue growth. Technical indicators suggest a bearish trend, and valuation metrics point to unattractiveness. The company needs to improve operational efficiency and profitability to enhance its outlook.

Anghami Inc. Business Overview & Revenue Model

Company Description

Anghami Inc. operates a digital music entertainment technology platform in the Middle East and North Africa. It offers a music application and platform that provides Arabic and international music to stream and download. The company was founded in 2012 and is based in Abu Dhabi, the United Arab Emirates.

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

Anghami Inc. shows revenue growth in 2024 but suffers from persistent losses and negative cash flows. The balance sheet has improved in equity but remains leveraged, highlighting the need for operational efficiency and better cash flow generation.

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
31.93M	78.09M	41.38M	48.48M	35.50M	30.52M
	Gross Profit
8.77M	-24.02M	10.29M	9.35M	9.04M	8.17M
	EBIT
-9.65M	-62.14M	-14.56M	-14.55M	-13.56M	-2.55M
	EBITDA
-7.65M	-55.44M	-11.52M	-55.98M	-14.08M	-2.93M
	Net Income Common Stockholders
-9.84M	-63.55M	-15.81M	-61.22M	-18.05M	-5.74M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.24M	14.17M	6.24M	3.14M	1.08M	5.78M
	Total Assets
19.46M	124.08M	19.46M	29.63M	13.03M	14.26M
	Total Debt
170.90K	12.30M	170.90K	360.80K	18.78M	13.06M
	Net Debt
-6.07M	-1.85M	-6.07M	-2.76M	18.13M	7.45M
	Total Liabilities
33.56M	65.43M	33.56M	36.07M	40.99M	32.17M
	Stockholders Equity
-12.92M	59.85M	-12.92M	-5.12M	-26.84M	-17.06M
Cash Flow		Free Cash Flow
-3.10M	-49.11M	-5.12M	-11.07M	-15.23M	-726.15K
	Operating Cash Flow
-3.00M	-47.82M	-3.81M	84.66K	-13.89M	171.16K
	Investing Cash Flow
-755.53K	-1.04M	-1.31M	-12.58M	-1.49M	-897.31K
	Financing Cash Flow
7.80M	56.77M	8.24M	14.97M	10.40M	5.29M

Anghami Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANGH, the sentiment is Negative. The current price of 0.48 is below the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.57, and below the 200-day MA of 0.71, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 33.94 is Neutral, neither overbought nor oversold. The STOCH value of 8.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ANGH.

Anghami Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$14.64B	5.81	-3.99%	6.03%	2.71%	-31.56%
LVO	58 Neutral	$83.18M	―	154.70%	―	11.43%	26.78%
DLPN	48 Neutral	$13.40M	―	-98.74%	―	0.31%	27.47%
HOFV	45 Neutral	$5.96M	―	-65.28%	―	-20.80%	19.16%
TOON	45 Neutral	$40.18M	―	-55.07%	―	1.15%	71.71%
ANGH	41 Neutral	$32.90M	―	-270.84%	―	88.72%	-85.53%
KUKE	41 Neutral	$15.27M	―	-218.47%	―	―	―