Fragbite Group AB (SE:FRAG)
:FRAG
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Fragbite Group AB
(FRAG)
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Rating:48Neutral
Price Target:
kr7.50
▲(31.58% Upside)
Action:ReiteratedDate:03/05/26
The score is held back primarily by weak financial performance—shrinking revenue, ongoing operating losses, and consistently negative operating/free cash flow with questionable 2025 earnings quality. Technicals are also soft with the stock below key longer-term moving averages and negative MACD. Valuation is a partial offset due to a low P/E, but it is not enough to outweigh the fundamental and trend risks.
Positive Factors
Balance sheet strength
Zero reported debt and positive equity provide durable financial flexibility: lower fixed obligations reduce insolvency risk and give management runway to restructure, invest, or withstand cyclical pressures. This balance-sheet cushion matters for stability over the next 2–6 months.
Negative Factors
Shrinking revenues
Multi-year top-line decline and a sharp 2025 drop indicate weakening product traction or market share loss. Persistent revenue erosion undermines operating leverage, makes margin recovery harder, and forces difficult choices on pricing, product investment, or structural cost cuts over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Zero reported debt and positive equity provide durable financial flexibility: lower fixed obligations reduce insolvency risk and give management runway to restructure, invest, or withstand cyclical pressures. This balance-sheet cushion matters for stability over the next 2–6 months.
Read all positive factors
Fragbite Group AB (FRAG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr55.89M
Dividend YieldN/A
Average Volume (3M)29.25K
Price to Earnings (P/E)5.9
Beta (1Y)0.92
Revenue Growth-10.21%
EPS Growth-1.15%
CountrySE
Employees75
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)10.55
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
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 Pre...
How the Company Makes Money
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Fragbite Group AB Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
60
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 143.85M | 213.23M | 237.20M | 254.06M | 124.04M |
| Gross Profit | -92.30M | 118.36M | 103.94M | 72.70M | 42.78M |
| EBITDA | 941.00K | 7.79M | 8.88M | -2.55M | -10.48M |
| Net Income | 7.62M | -128.98M | -53.15M | -103.11M | -50.40M |
Balance Sheet | |||||
| Total Assets | 94.88M | 193.06M | 984.52M | 383.00M | 304.26M |
| Cash, Cash Equivalents and Short-Term Investments | 38.13M | 9.41M | 25.05M | 40.99M | 87.46M |
| Total Debt | 0.00 | 29.18M | 40.40M | 56.85M | 46.49M |
| Total Liabilities | 28.04M | 112.17M | 838.45M | 221.49M | 101.00M |
| Stockholders Equity | 66.84M | 80.89M | 146.07M | 161.51M | 203.25M |
Cash Flow | |||||
| Free Cash Flow | -41.04M | -19.36M | -35.27M | 7.18M | -3.42M |
| Operating Cash Flow | -1.31M | -9.01M | -1.42M | 43.10M | 3.93M |
| Investing Cash Flow | 43.69M | -44.04M | -55.08M | -141.24M | -73.01M |
| Financing Cash Flow | -12.38M | 37.28M | 40.27M | 47.73M | 151.56M |
Fragbite Group AB Technical Analysis
Negative
5.70
Price Trends
6.99
Positive
7.20
Negative
9.29
Negative
Market Momentum
0.16
Positive
48.47
Neutral
47.19
Neutral
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 below the 20-day moving average (MA) of 7.36, below the 50-day MA of 6.99, and below the 200-day MA of 9.29, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 48.47 is Neutral, neither overbought nor oversold. The STOCH value of 47.19 is Neutral, 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% | |
59 Neutral | kr32.40M | 13.91 | ― | ― | -18.60% | -118.88% | |
48 Neutral | kr55.89M | 5.93 | 27.44% | ― | -10.21% | -1.15% | |
43 Neutral | kr28.15M | -2.96 | ― | ― | ― | ― | |
41 Neutral | kr15.68M | -2.51 | -31.43% | ― | -34.32% | 70.25% | |
41 Neutral | kr124.50M | -3.85 | ― | ― | 32.83% | 13.34% |
* Communication Services Sector Average
SE:FRAG
Fragbite Group AB
6.92
0.14
2.08%
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0.86
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-0.20
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Scout Gaming Group AB
0.13
-0.08
-37.50%
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.