Fragbite Group AB (SE:FRAG)
:FRAG
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Fragbite Group AB
(FRAG)
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Rating:44Neutral
Price Target:
kr4.50
▼(-21.05% Downside)
Action:Reiterated
Date:05/14/26
The score is primarily held down by deteriorating operating performance and substantial cash burn despite positive TTM net income, suggesting earnings are not supported by core operations or cash generation. Technicals reinforce the risk, with the stock trading below major moving averages and negative MACD. Valuation provides limited help due to a negative P/E and no dividend yield data.
Positive Factors
Debt-free balance sheet
Zero reported debt provides durable financial flexibility: lower fixed financing costs and reduced insolvency risk allow management to reallocate cash toward operations, product investment or M&A. Over 2–6 months this supports runway and optionality when cash generation is weak.
Negative Factors
Sharp revenue decline
Sustained and material revenue contraction erodes scale economics needed for media and event businesses, undermining ad/sponsorship pricing power and making fixed-cost coverage harder. Over months this reduces margin recovery potential and strains commercial partnerships.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt provides durable financial flexibility: lower fixed financing costs and reduced insolvency risk allow management to reallocate cash toward operations, product investment or M&A. Over 2–6 months this supports runway and optionality when cash generation is weak.
Read all positive factors
Fragbite Group AB (FRAG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr37.56M
Dividend YieldN/A
Average Volume (3M)29.25K
Price to Earnings (P/E)2.0
Beta (1Y)1.10
Revenue Growth-48.06%
EPS GrowthN/A
CountrySE
Employees75
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)1.85
Shares Outstanding8,077,044
10 Day Avg. Volume39,134
30 Day Avg. Volume29,251
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.68
Price to Sales (P/S)0.31
P/FCF Ratio-1.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)33.44
Revenue Forecast (FY)kr782.70M
Fragbite Group AB Business Overview & Revenue Model
Company Description
Operating from its Stockholm, Sweden headquarters since its inception in 2002, Fragbite Group AB (publ) is a digital entertainment company focused on gaming activities across the Nordic region. The company undertakes the development, publishing, d...
How the Company Makes Money
Fragbite Group AB primarily generates revenue from esports and gaming-media operations. Key revenue streams typically include (1) sponsorship and partner agreements tied to esports leagues/tournaments and broadcast programming (brands paying for e...
Fragbite Group AB Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 106.05M | 143.85M | 213.23M | 237.20M | 254.06M | 124.04M |
| Gross Profit | 21.88M | -81.76M | 118.36M | 103.94M | 72.70M | 42.78M |
| EBITDA | -2.23M | 941.00K | 7.79M | 8.88M | -2.55M | -10.48M |
| Net Income | 18.43M | 7.62M | -128.98M | -53.15M | -103.11M | -50.40M |
Balance Sheet | ||||||
| Total Assets | 86.01M | 94.88M | 193.06M | 984.52M | 383.00M | 304.26M |
| Cash, Cash Equivalents and Short-Term Investments | 15.32M | 38.13M | 9.41M | 25.05M | 40.99M | 87.46M |
| Total Debt | 0.00 | 0.00 | 29.18M | 40.40M | 56.85M | 46.49M |
| Total Liabilities | 25.52M | 28.04M | 112.17M | 838.45M | 221.49M | 101.00M |
| Stockholders Equity | 60.49M | 66.84M | 80.89M | 146.07M | 161.51M | 203.25M |
Cash Flow | ||||||
| Free Cash Flow | -52.51M | -41.04M | -19.36M | -35.27M | 7.18M | -3.42M |
| Operating Cash Flow | -10.71M | -1.31M | -9.01M | -1.42M | 43.10M | 3.93M |
| Investing Cash Flow | 36.55M | 43.69M | -44.04M | -55.08M | -141.24M | -73.01M |
| Financing Cash Flow | -18.24M | -12.38M | 37.28M | 40.27M | 47.73M | 151.56M |
Fragbite Group AB Technical Analysis
Negative
5.70
Price Trends
6.42
Negative
6.70
Negative
8.32
Negative
Market Momentum
-0.38
Positive
24.29
Positive
18.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FRAG, the sentiment is Negative. The current price of 5.7 is above the 20-day moving average (MA) of 5.62, below the 50-day MA of 6.42, and below the 200-day MA of 8.32, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 24.29 is Positive, neither overbought nor oversold. The STOCH value of 18.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:FRAG.
Fragbite Group AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | kr56.33M | 32.14 | ― | ― | -35.34% | -73.74% | |
49 Neutral | kr20.35M | -3.47 | -31.43% | ― | -28.21% | -1.90% | |
44 Neutral | kr37.56M | 2.04 | 27.44% | ― | -48.06% | ― | |
41 Neutral | kr85.23M | -2.09 | ― | ― | 36.87% | 23.41% |
* Communication Services Sector Average
SE:FRAG
Fragbite Group AB
4.65
-1.15
-19.83%
SE:QIIWI
Qiiwi Games AB
2.20
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58.84%
SE:GCOR
Gaming Corps AB
0.59
-0.42
-41.98%
SE:NITRO
Nitro Games Plc
2.26
0.83
58.49%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.