Fragbite Group AB (FRAG) AI Stock Analysis

• Market Cap: kr82.58M
• Dividend Yield: N/A
• Average Volume (3M): 109.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.38
• Revenue Growth: -13.48%
• EPS Growth: 34.61%
• Country: SE
• Employees: 75
• Sector: Communication Services
• Sector Strength: 82
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -2.52
• Shares Outstanding: 7,340,223
• 10 Day Avg. Volume: 26,749
• 30 Day Avg. Volume: 109,339
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: kr10.03
• Price Target Upside: -10.85% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• Price Target: kr10.00 ▼(-11.11% Downside)

The overall score is primarily impacted by the company's financial challenges, with declining revenues and poor cash flow posing significant risks. While there is some short-term positive technical momentum, the negative valuation metrics further weigh on the stock's attractiveness.

Fragbite Group AB Business Overview & Revenue Model

Company Description

Fragbite Group AB (publ) operates as a digital gaming entertainment company in the Nordic region. It develops, publishes, distributes, and markets mobile games through its game development studios, including Lucky Kat, FunRock Development, and Prey Studios; and arranges and broadcasts e-sports tournaments live. The company was founded in 2002 and is headquartered in Stockholm, Sweden. Fragbite Group AB was a former subsidiary of FunRock Media AB.

How the Company Makes Money

Fragbite Group AB makes money through a combination of advertising revenue, sponsorship deals, and content distribution agreements. The company leverages its platforms to host esports tournaments and gaming events which attract significant viewership, thereby generating advertising revenue from brands looking to reach a gaming audience. Additionally, Fragbite Group partners with gaming publishers and developers to create exclusive content, which can lead to revenue sharing or licensing fees. Sponsorships from companies wanting to associate with popular esports events also contribute to the company's earnings. The diverse avenues for monetization within the gaming and esports ecosystem form the backbone of Fragbite Group's revenue model.

Fragbite Group AB Financial Statement Overview

Summary

Fragbite Group AB faces significant financial challenges with declining revenues, negative net profit, and weak cash flow. The balance sheet shows increasing leverage and declining equity, suggesting financial strain.

Income Statement

Fragbite Group AB shows a declining revenue trend with a significant drop in the latest TTM period. Gross profit margin is weak, and net profit margin is negative due to continued net losses. EBIT and EBITDA margins are also poor, indicating operational challenges. Revenue growth has been inconsistent, further impacting the income statement's stability.

Balance Sheet

The balance sheet indicates moderate leverage with a debt-to-equity ratio that has worsened recently. Equity ratio has decreased, reflecting higher liabilities compared to assets. The company has experienced a reduction in stockholders' equity, indicating financial strain. Overall, the balance sheet suggests potential risks due to rising debt levels and declining equity.

Cash Flow

Cash flow analysis reveals negative free cash flow and operating cash flow, highlighting significant cash outflows. The free cash flow to net income ratio is unfavorable, and the company struggles to generate positive cash flow from operations. This poses liquidity risks and impacts the financial flexibility of the company.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	208.04M	265.09M	237.20M	254.06M	124.04M	4.60M
Gross Profit	103.00M	118.36M	103.94M	72.70M	42.78M	6.42M
EBITDA	863.00K	7.79M	8.88M	11.91M	-10.48M	-13.44M
Net Income	-85.97M	-128.98M	-53.15M	-103.11M	-50.40M	-22.80M
Balance Sheet
Total Assets	164.54M	193.06M	984.52M	383.00M	304.26M	72.26M
Cash, Cash Equivalents and Short-Term Investments	8.27M	9.41M	25.05M	40.99M	87.46M	4.86M
Total Debt	27.81M	29.18M	40.40M	56.85M	46.49M	0.00
Total Liabilities	100.90M	112.17M	838.45M	221.49M	101.00M	4.60M
Stockholders Equity	58.95M	80.89M	146.07M	161.51M	203.25M	67.66M
Cash Flow
Free Cash Flow	-35.34M	-19.36M	-35.27M	7.18M	-3.42M	-17.60M
Operating Cash Flow	-10.53M	-9.01M	-1.42M	43.10M	3.93M	-10.36M
Investing Cash Flow	-37.78M	-44.04M	-55.08M	-141.24M	-73.01M	3.05M
Financing Cash Flow	41.20M	37.28M	40.27M	47.73M	151.56M	10.71M

Fragbite Group AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FRAG, the sentiment is Positive. The current price of 11.25 is above the 20-day moving average (MA) of 10.66, above the 50-day MA of 8.10, and above the 200-day MA of 8.03, indicating a bullish trend. The MACD of 0.59 indicates Positive momentum. The RSI at 58.80 is Neutral, neither overbought nor oversold. The STOCH value of 38.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FRAG.

Fragbite Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$44.77B	2.10	-9.74%	4.18%	2.07%	-42.80%
SOZAP	51 Neutral	€7.16M	―	-37.92%	―	16.78%	12.64%
FRAG	46 Neutral	kr82.58M	―	-60.20%	―	-13.48%	34.61%
GCOR	41 Neutral	€189.07M	―	-253.32%	―	13.74%	21.17%
QIIWI	39 Underperform	kr35.98M	―	-25.37%	―	-23.00%	74.94%