Bigben Interactive (BIG) AI Stock Analysis

• Market Cap: €8.45M
• Dividend Yield: N/A
• Average Volume (3M): 48.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: -4.10%
• EPS Growth: -97.02%
• Country: FR
• Employees: 1,340
• Sector: General
• Sector Strength: N/A
• Industry: Consumer Electronics
• EPS (TTM): 0.06
• Shares Outstanding: 18,547,970
• 10 Day Avg. Volume: 68,875
• 30 Day Avg. Volume: 48,846
• PEG Ratio: -0.91
• Price to Book (P/B): 0.10
• Price to Sales (P/S): 0.07
• P/FCF Ratio: -2.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.23
• Revenue Forecast (FY): €298.34M

• Rating: 44 Neutral
• Price Target: €0.45 ▼(-51.83% Downside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 02/20/26

The score is held down primarily by weak financial performance (declining revenue, near-zero profitability, and sharply negative free-cash-flow trends) and bearish technicals (price below all major moving averages with negative MACD). Valuation provides limited support due to the negative P/E and no stated dividend yield.

Positive Factors

EBITDA Margin Strength

A 23.5% EBITDA margin indicates the core business generates meaningful operating cash profit despite other headwinds. This durable operational profitability provides a cushion to fund product development, absorb cyclical revenue swings, and underpins medium-term reinvestment capacity and covenant resilience.

Diversified Revenue Streams

Multiple revenue channels—publishing, third-party distribution, mobile titles, peripherals and licensing—reduce dependence on any single product cycle. This structural diversification smooths cash flows over console cycles, supports cross-selling, and gives several levers to drive sustainable revenue recovery over months.

High Gross Margin

A gross margin above 50% signals persistent pricing power or low variable cost for core products. High gross margins provide strategic flexibility to invest in marketing and R&D, absorb promotional pressure, and maintain product-level profitability while management executes longer-term turnaround initiatives.

Negative Factors

Declining Revenue Trend

A nearly 4% revenue decline is a durable warning sign that market share, product cadence, or monetization are under pressure. Sustained top-line contraction reduces scale benefits, makes fixed-cost absorption harder, and challenges the company’s ability to restore margins and fund strategic investments without structural changes.

Weak Cash Generation

A >100% drop in FCF growth and negative FCF relative to net income indicate persistent cash conversion problems. Poor free-cash-flow undermines capacity to delever, invest in content or hardware, and elevates refinancing and liquidity risk unless operating cash conversion is restored or external financing is secured.

High Leverage & Low ROE

Leverage above 1x paired with near-zero ROE implies the company is funding operations with debt without generating adequate returns. This structural mismatch raises interest and covenant vulnerability, limits strategic optionality, and can force defensive capital allocation that inhibits long-term growth.

Bigben Interactive Business Overview & Revenue Model

Company Description

BigBen Interactive designs, manufactures, and distributes accessories for video game consoles, and smartphones and tablets in France and internationally. It also offers audio products; and publishes and distributes video games, as well as provides technical support services. The company was founded in 1981 and is headquartered in Lesquin, France.

How the Company Makes Money

Bigben Interactive generates revenue through multiple streams, primarily from the sale of video games and gaming accessories. The company earns money by publishing and distributing both its own games and those of third-party developers. Additionally, it sells gaming peripherals, which have become a significant part of its revenue model. Key revenue streams include direct sales from retail and online platforms, as well as licensing agreements and partnerships with game developers. The company's strategic collaborations with established gaming franchises and its presence in various international markets further contribute to its earnings.

Bigben Interactive Financial Statement Overview

Summary

Weak fundamentals: revenue declined (-3.94%), profitability is strained (net margin ~0.08% and negative EBIT margin), and cash generation is deteriorating (FCF growth -112.77% with negative FCF to net income). Balance sheet leverage is elevated (debt-to-equity 1.01) with very low ROE (0.11%), partially offset by a still-positive EBITDA margin (23.50%).

Income Statement

The income statement shows a declining revenue trend with a negative growth rate of -3.94% in the latest year. Gross profit margin is stable but low at 51.17%, and net profit margin has significantly decreased to 0.08%, indicating profitability challenges. The EBIT margin is negative, reflecting operational inefficiencies, while the EBITDA margin remains positive at 23.50%, suggesting some operational cash flow strength.

Balance Sheet

The balance sheet indicates a high debt-to-equity ratio of 1.01, suggesting significant leverage. Return on equity is very low at 0.11%, reflecting poor profitability relative to shareholder equity. The equity ratio is not provided, but the overall leverage and low returns highlight potential financial stability concerns.

Cash Flow

Cash flow analysis reveals a concerning free cash flow growth rate of -112.77%, indicating cash flow challenges. The operating cash flow to net income ratio is 0.32, suggesting limited cash generation relative to net income. Free cash flow to net income is negative, highlighting cash flow issues despite positive operating cash flow.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	287.52M	287.99M	291.99M	283.49M	275.71M	292.83M
Gross Profit	147.59M	147.37M	142.51M	49.49M	41.03M	53.72M
EBITDA	64.00M	67.67M	82.41M	58.19M	47.98M	60.73M
Net Income	-3.54M	235.00K	14.01M	8.64M	7.89M	14.70M
Balance Sheet
Total Assets	685.32M	673.51M	650.92M	657.64M	617.30M	536.13M
Cash, Cash Equivalents and Short-Term Investments	23.82M	45.30M	41.19M	65.23M	126.45M	177.83M
Total Debt	207.75M	220.71M	223.44M	213.78M	192.10M	155.34M
Total Liabilities	346.90M	334.58M	323.88M	355.51M	317.60M	234.16M
Stockholders Equity	216.72M	218.25M	223.25M	218.71M	233.39M	253.07M
Cash Flow
Free Cash Flow	59.68M	-8.92M	75.52M	-31.65M	-28.83M	-1.70M
Operating Cash Flow	63.43M	70.48M	79.73M	51.22M	31.14M	50.94M
Investing Cash Flow	-77.16M	-78.88M	-90.03M	-118.17M	-94.34M	-54.08M
Financing Cash Flow	869.00K	10.25M	-14.98M	3.83M	6.05M	64.11M

Bigben Interactive Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.93
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:BIG, the sentiment is Negative. The current price of 0.93 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.83, and below the 200-day MA of 1.10, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 10.99 is Positive, neither overbought nor oversold. The STOCH value of 5.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:BIG.

Bigben Interactive Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
GUI	52 Neutral	€64.21M	-13.22	-4.89%	―	-4.89%	-178.32%
BIG	44 Neutral	€8.45M	-4.13	0.11%	―	-4.10%	-97.02%
ALATA	38 Underperform	€64.76M	-5.63	-514.29%	―	63.11%	10.97%