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MAG Interactive AB (SE:MAGI)
:MAGI

MAG Interactive AB (MAGI) AI Stock Analysis

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MAG Interactive AB

(Munich:MAGI)

Rating:71Outperform
Price Target:
kr10.50
▲(6.49%Upside)
MAG Interactive AB shows a stable financial foundation with strong cash flow and a robust balance sheet. Technical indicators reveal positive momentum, though nearing overbought territory. While the P/E ratio suggests overvaluation, a high dividend yield supports the stock's appeal for dividend investors.

MAG Interactive AB (MAGI) vs. iShares MSCI Sweden ETF (EWD)

MAG Interactive AB Business Overview & Revenue Model

Company DescriptionMAG Interactive AB (MAGI) is a Sweden-based mobile gaming company that specializes in developing and publishing casual games for a global audience. The company is recognized for its focus on creating engaging, high-quality games that are easy to play yet challenging to master. MAG Interactive operates within the mobile application sector, with a portfolio that includes popular titles such as 'Ruzzle', 'Wordzee', and 'QuizDuel'. The company aims to deliver entertaining experiences across various platforms, primarily catering to the casual gaming community.
How the Company Makes MoneyMAG Interactive AB generates revenue primarily through a freemium model, where games are free to download and play but offer in-app purchases to enhance the gaming experience. These purchases might include virtual currency, special items, or additional game content. The company also earns money through advertising, displaying ads within their games which provide a steady stream of revenue. Partnerships with advertising networks and collaborations with other gaming entities further bolster their revenue. Additionally, MAG Interactive may engage in licensing agreements and brand collaborations to expand their market reach and enhance their monetization strategies.

MAG Interactive AB Financial Statement Overview

Summary
Overall, MAG Interactive AB shows a stable financial position with strong cash flow and a solid balance sheet. While revenue has declined, operational improvements are evident in the TTM period. Challenges remain in achieving higher net profitability, but the company's low leverage and effective cash management provide a strong foundation for future growth.
Income Statement
68
Positive
MAG Interactive AB shows a mixed performance in its income statement. The TTM gross profit margin stands at 73.50%, reflecting strong cost management. However, the net profit margin is only 2.65%, indicating profitability challenges. Revenue decreased by 3.59% from the previous year, while EBIT and EBITDA margins improved to 2.53% and 23.29%, respectively, showing operational efficiency improvements but still facing profitability pressure.
Balance Sheet
75
Positive
The balance sheet of MAG Interactive AB is robust with a low debt-to-equity ratio of 0.05, demonstrating conservative leverage. The equity ratio is high at 83.33%, which indicates a solid financial structure with substantial equity backing. Return on equity is modest at 2.33%, suggesting limited returns from equity investments.
Cash Flow
82
Very Positive
The cash flow analysis reveals a strong free cash flow growth rate of 3.67% in the TTM period. The operating cash flow to net income ratio is high at 10.17, indicating strong cash conversion from profits. The free cash flow to net income ratio is also healthy at 3.19, reflecting efficient cash generation relative to net earnings.
Breakdown
TTMSep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income StatementTotal Revenue
273.25M283.43M362.18M327.77M286.58M217.57M
Gross Profit
200.85M222.07M190.36M198.13M183.22M121.76M
EBIT
6.90M-4.62M21.00K54.29M7.36M-20.62M
EBITDA
63.63M59.67M25.33M72.71M56.80M-6.80M
Net Income Common Stockholders
7.25M-3.22M561.00K11.30M7.03M-17.37M
Balance SheetCash, Cash Equivalents and Short-Term Investments
95.54M121.83M122.43M125.94M95.52M160.63M
Total Assets
373.28M402.05M435.04M460.78M476.57M411.99M
Total Debt
15.28M19.94M29.00M40.62M45.66M54.35M
Net Debt
-80.25M-101.90M-93.43M-85.32M-49.86M-106.28M
Total Liabilities
62.33M67.08M95.81M124.79M153.15M98.14M
Stockholders Equity
310.95M334.97M339.22M335.99M323.42M313.84M
Cash FlowFree Cash Flow
23.11M22.29M8.90M36.85M12.76M4.67M
Operating Cash Flow
73.79M68.79M42.97M68.00M50.02M37.87M
Investing Cash Flow
-50.72M-56.35M-37.07M-34.46M-100.40M-35.84M
Financing Cash Flow
-38.06M-10.88M-10.38M-10.38M-14.92M-21.92M

MAG Interactive AB Technical Analysis

Technical Analysis Sentiment
Positive
Last Price9.86
Price Trends
50DMA
8.05
Positive
100DMA
8.61
Positive
200DMA
8.24
Positive
Market Momentum
MACD
0.35
Negative
RSI
70.36
Negative
STOCH
83.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MAGI, the sentiment is Positive. The current price of 9.86 is above the 20-day moving average (MA) of 8.18, above the 50-day MA of 8.05, and above the 200-day MA of 8.24, indicating a bullish trend. The MACD of 0.35 indicates Negative momentum. The RSI at 70.36 is Negative, neither overbought nor oversold. The STOCH value of 83.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:MAGI.

MAG Interactive AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
€255.94M35.282.20%10.37%-13.90%8.35%
61
Neutral
$14.60B5.88-4.32%3.68%2.75%-30.55%
51
Neutral
kr9.12M-37.92%16.78%12.64%
41
Neutral
€157.08M-253.32%13.74%21.17%
39
Underperform
kr16.93M-25.37%-23.00%74.94%
26
Underperform
€32.40M-730.10%-70.70%-19.31%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:MAGI
MAG Interactive AB
9.86
1.53
18.31%
SE:ADVBOX
Adventure Box Technology AB
0.02
-0.39
-94.15%
SE:GCOR
Gaming Corps AB
1.05
-0.02
-2.33%
SE:QIIWI
Qiiwi Games AB
1.80
-0.07
-3.74%
SE:SOZAP
SOZAP AB
0.56
-0.36
-39.13%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.