Goodbye Kansas Group AB (GBK) AI Stock Analysis

• Market Cap: €39.17M
• Dividend Yield: N/A
• Average Volume (3M): 38.93K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: 33.98%
• EPS Growth: -104.57%
• Country: SE
• Employees: 119
• Sector: Services
• Sector Strength: N/A
• Industry: Entertainment
• EPS (TTM): -0.25
• Shares Outstanding: 16,881,487
• 10 Day Avg. Volume: 28,949
• 30 Day Avg. Volume: 38,931
• PEG Ratio: <0.01
• Price to Book (P/B): -1.67
• Price to Sales (P/S): 0.18
• P/FCF Ratio: -0.77
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: kr2.00 ▲(2.04% Upside)

The overall stock score is heavily impacted by the company's poor financial performance, marked by persistent losses and declining revenues. Technical analysis indicates a bearish trend, and valuation metrics are unfavorable due to a negative P/E ratio and lack of dividends. These factors collectively suggest significant risks and challenges for the stock.

Goodbye Kansas Group AB Business Overview & Revenue Model

Company Description

Goodbye Kansas Group AB (publ) supplies technology driven visual contents. It develops products and solutions based on Augmented Reality (AR), Virtual Reality, VFX production, cinematics, performance capture and scanning, digital humans, and real time animation. The company also offers virtual training solutions; SaaS solutions in 3D/AR for e-commerce; and location based mobile games, as well as produces 3D animated films. It serves customers in the TV, film, streaming, gaming, and e-commerce industries. The company was formerly known as Bublar Group AB (publ) and changed its name to Goodbye Kansas Group AB (publ) in May 2021. Goodbye Kansas Group AB (publ) was incorporated in 2015 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Goodbye Kansas Group AB generates revenue through multiple channels including VFX and animation services for film and television productions, game development, and related consultancy services. The company charges clients on a project basis, often resulting in significant contracts with major studios for complex visual effects. Additionally, GBK earns income from partnerships with gaming companies, where they may provide outsourced development services or collaborate on specific projects. The company also explores licensing opportunities and intellectual property rights associated with its original content, further diversifying its revenue streams.

Goodbye Kansas Group AB Financial Statement Overview

Summary

Goodbye Kansas Group AB is facing significant financial challenges, including persistent net losses, declining revenues, and negative equity. The balance sheet indicates insolvency risk, and cash flow remains negative despite slight improvements. Overall, the financial health is unstable, requiring strategic measures to address these issues.

Income Statement

Goodbye Kansas Group AB has faced significant challenges in its income statement, marked by consistent net losses and declining revenues. The gross profit margin remains positive but is overshadowed by negative EBIT and EBITDA margins, indicating operational inefficiencies. Revenue has decreased sharply from 2023 to 2024, which is a concerning trend for growth prospects.

Balance Sheet

The company's balance sheet is under strain, with a negative stockholders' equity in 2024 indicating insolvency risk. The debt-to-equity ratio is negative, reflecting this equity deficit. Total assets have diminished over the years, further weakening the company's financial position and limiting its leverage to navigate downturns.

Cash Flow

Cash flow statements reveal persistent negative free cash flow, though there is a slight improvement in operating cash flow from 2023 to 2024. However, the operating cash flow to net income ratio is unfavorable due to consistent net losses, highlighting ongoing liquidity challenges despite some financing inflows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	203.38M	172.56M	278.68M	288.33M	263.48M	161.30M
Gross Profit	159.66M	138.23M	201.11M	219.04M	214.36M	153.63M
EBITDA	-17.73M	-43.21M	-60.40M	-67.78M	-65.23M	-44.93M
Net Income	-22.31M	-52.47M	-109.09M	-126.41M	-150.35M	-85.03M
Balance Sheet
Total Assets	38.05M	43.56M	102.12M	274.40M	344.66M	307.70M
Cash, Cash Equivalents and Short-Term Investments	3.08M	17.50M	2.96M	3.62M	37.95M	25.34M
Total Debt	6.82M	18.72M	16.19M	14.40M	19.46M	5.83M
Total Liabilities	60.33M	62.60M	85.62M	286.54M	222.83M	128.80M
Stockholders Equity	-22.28M	-19.04M	16.50M	-12.14M	115.65M	174.13M
Cash Flow
Free Cash Flow	-4.24M	-41.52M	-61.20M	-84.67M	-36.04M	-71.40M
Operating Cash Flow	-1.85M	-41.42M	-58.75M	-34.47M	-637.00K	-39.53M
Investing Cash Flow	1.05M	3.39M	-10.67M	-54.56M	-34.64M	-17.50M
Financing Cash Flow	-482.00K	52.51M	67.81M	54.65M	47.87M	45.23M

Goodbye Kansas Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.96
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GBK, the sentiment is Negative. The current price of 1.96 is below the 20-day moving average (MA) of 2.12, below the 50-day MA of 2.21, and below the 200-day MA of 2.67, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 39.15 is Neutral, neither overbought nor oversold. The STOCH value of 43.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:GBK.

Goodbye Kansas Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENRO	67 Neutral	kr314.14M	4.58	23.97%	―	-0.21%	33.33%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
GCOR	41 Neutral	kr156.35M	―	―	―	32.83%	13.34%
GBK	41 Neutral	€39.17M	-3.17	―	―	33.98%	-104.57%
FRAG	41 Neutral	€69.14M	-0.47	-229.41%	―	-10.21%	-1.15%
QIIWI	39 Underperform	€29.32M	-5.15	-31.43%	―	-34.32%	70.25%
MAV	32 Underperform	kr10.40M	―	―	―	-49.10%	78.84%