Goodbye Kansas Group AB (SE:GBK)
:GBK
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Goodbye Kansas Group AB
(GBK)
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Rating:50Neutral
Price Target:
kr1.50
▼(-13.79% Downside)
Action:Reiterated
Date:05/23/26
The score is held back primarily by weak financial performance (ongoing losses, negative equity, and cash burn). Technicals are a relative positive with improving momentum and price above major moving averages, while valuation remains constrained because profitability is negative and there is no dividend support.
Positive Factors
High gross margin
A sustained ~77% gross margin signals structural pricing power and a scalable production model in VFX/animation. High gross margins provide a cushion versus rising direct costs, enabling the company to fund overhead or reinvest in capacity as revenues recover, supporting longer-term margin recovery.
Negative Factors
Negative shareholders' equity
Persistently negative equity weakens financial flexibility and increases refinancing and covenant risk. Over time this can constrain strategic options (M&A, capex, hiring) and raise cost of capital, forcing dilutive or restrictive financing solutions if profitability or cash flow do not improve.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
A sustained ~77% gross margin signals structural pricing power and a scalable production model in VFX/animation. High gross margins provide a cushion versus rising direct costs, enabling the company to fund overhead or reinvest in capacity as revenues recover, supporting longer-term margin recovery.
Read all positive factors
Goodbye Kansas Group AB (GBK) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr28.82M
Dividend YieldN/A
Average Volume (3M)38.93K
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue Growth-0.47%
EPS Growth45.00%
CountrySE
Employees119
SectorServices
Sector StrengthN/A
IndustryEntertainment
Share Statistics
EPS (TTM)-0.81
Shares Outstanding21,346,579
10 Day Avg. Volume28,949
30 Day Avg. Volume38,931
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-2.12
Price to Sales (P/S)0.36
P/FCF Ratio-3.35
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)N/A
Revenue Forecast (FY)N/A
Goodbye Kansas Group AB Business Overview & Revenue Model
Company Description
Goodbye Kansas Group AB (publ) specializes in delivering sophisticated visual content driven by technology. The company develops a wide array of products and services, leveraging augmented reality (AR), virtual reality (VR), visual effects (VFX) p...
How the Company Makes Money
GBK primarily makes money by delivering project-based production services to clients and recognizing revenue under customer contracts. Key revenue streams include: (1) VFX and CGI production services for film/TV projects, where GBK is paid for def...
Goodbye Kansas Group AB Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
18
Very Negative
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 186.44M | 174.96M | 172.56M | 278.68M | 288.33M | 29.04M |
| Gross Profit | 99.75M | 136.22M | -4.64M | 206.62M | 219.04M | -15.59M |
| EBITDA | -23.06M | -30.37M | -3.99M | 93.27M | -46.44M | -7.54M |
| Net Income | -27.41M | -35.12M | -4.72M | -109.09M | -126.41M | -16.57M |
Balance Sheet | ||||||
| Total Assets | 36.94M | 50.38M | 43.56M | 102.12M | 274.40M | 37.99M |
| Cash, Cash Equivalents and Short-Term Investments | 11.77M | 10.15M | 17.50M | 2.96M | 353.77K | 4.18M |
| Total Debt | 8.24M | 6.75M | 14.77M | 16.19M | 65.55M | 2.15M |
| Total Liabilities | 64.86M | 80.31M | 62.60M | 85.62M | 286.54M | 24.56M |
| Stockholders Equity | -27.91M | -29.93M | -19.04M | 16.50M | -12.14M | 12.75M |
Cash Flow | ||||||
| Free Cash Flow | -10.57M | -18.91M | -41.52M | -69.42M | -84.67M | -296.18K |
| Operating Cash Flow | -9.25M | -15.31M | -41.42M | -58.75M | -34.47M | -70.22K |
| Investing Cash Flow | -1.32M | -3.60M | 3.39M | -10.67M | -54.56M | -4.01M |
| Financing Cash Flow | 9.83M | 11.60M | 52.51M | 67.81M | 54.65M | 5.47M |
Goodbye Kansas Group AB Technical Analysis
Negative
1.74
Price Trends
1.34
Positive
1.37
Negative
1.66
Negative
Market Momentum
0.01
Positive
48.47
Neutral
50.47
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 1.74 is above the 20-day moving average (MA) of 1.39, above the 50-day MA of 1.34, and above the 200-day MA of 1.66, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 48.47 is Neutral, neither overbought nor oversold. The STOCH value of 50.47 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | kr8.79M | 16.79 | 14.76% | ― | ― | -71.25% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
50 Neutral | kr28.82M | -1.85 | 153.96% | ― | -0.47% | 45.00% | |
49 Neutral | kr20.35M | -3.47 | -31.43% | ― | -28.21% | -1.90% | |
44 Neutral | kr37.56M | 2.04 | 27.44% | ― | -48.06% | ― | |
42 Neutral | kr3.20M | -0.41 | 46.52% | ― | -68.63% | 94.42% | |
41 Neutral | kr85.23M | -2.09 | ― | ― | 36.87% | 23.41% |
* Services Sector Average
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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.