Mavshack AB (MAV) AI Stock Analysis

• Market Cap: kr4.00M
• Dividend Yield: N/A
• Average Volume (3M): 16.13M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.11
• Revenue Growth: -75.52%
• EPS Growth: 86.85%
• Country: SE
• Employees: 24
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): N/A
• Shares Outstanding: 799,935,900
• 10 Day Avg. Volume: 39,594,941
• 30 Day Avg. Volume: 16,131,113
• PEG Ratio: <0.01
• Price to Book (P/B): -0.09
• Price to Sales (P/S): 0.12
• P/FCF Ratio: -0.07
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: kr0.01 ▲(10.00% Upside)

The score is primarily weighed down by weak financial performance (steep revenue decline, large losses, negative equity, and sustained negative operating/free cash flow). Valuation is also constrained by a negative P/E and no dividend yield data, while technical signals are neutral due to missing indicators.

Positive Factors

High Gross Margin

A high gross margin indicates efficient cost management and pricing power, providing a buffer against revenue volatility and supporting long-term profitability potential.

Minimal Leverage

Having no debt reduces financial risk and interest obligations, allowing the company to focus on operational improvements and strategic investments without the pressure of debt repayments.

Positive EBITDA Margin

A positive EBITDA margin suggests that the core operations are generating cash before accounting for non-operating expenses, indicating potential for future profitability improvements.

Negative Factors

Revenue Decline

Continued revenue decline pressures the company's ability to scale and absorb fixed costs, potentially leading to further financial strain and reduced market competitiveness.

Negative Equity

Negative equity limits financial flexibility and increases going-concern risk, potentially hindering the company's ability to secure financing or invest in growth opportunities.

Cash Flow Issues

Persistent negative cash flow indicates ongoing cash burn, necessitating external funding or asset sales to sustain operations, which can constrain strategic initiatives and growth.

Mavshack AB Business Overview & Revenue Model

Company Description

Mavshack AB (publ), together with its subsidiaries, engages in the digital entertainment business in Sweden and internationally. The company offers encryption and transcoding services to customize streaming solutions; subscription-based streaming video on demand services for Asian entertainment content, including live-sport, movies, TV-shows, and audiobooks; and personal IT-consultancy advisory services, including applications, Websites, business systems, and digital infrastructure. It is also involved in the animation and, audio- and video production; and post-production, sound production, live event, augmented reality, and content distribution businesses. The company was formerly known as 24h Technologies AB and changed its name to Mavshack AB (publ) in April 2013. Mavshack AB (publ) was founded in 2007 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Mavshack AB generates revenue primarily through subscription fees from its streaming service. Users pay a monthly or annual fee to access the content library, which includes exclusive and licensed Asian films and series. Additionally, the company may generate revenue through advertising partnerships, offering ad placements within its platform to brands targeting its specific audience demographics. Mavshack also explores potential revenue streams through strategic partnerships with content providers and telecom operators to expand its market reach and enhance its content offerings.

Mavshack AB Financial Statement Overview

Summary

Revenue is shrinking sharply (TTM -48.07%) with deeply negative EBIT and net income (TTM net margin ~-250.6%). Despite high gross margin (~77.6%) and minimal leverage (no debt), negative equity and persistently negative operating/free cash flow indicate weak financial resilience and ongoing cash-burn risk.

Income Statement

TTM (Trailing-Twelve-Months) revenue fell sharply (-48.07%), extending a multi-year downtrend (2024 and 2023 also declined), which pressures scale and fixed-cost absorption. Gross margin remains high (TTM ~77.6%), but profitability is weak: EBIT and net income are deeply negative, with TTM net margin around -250.6%. A positive TTM EBITDA margin (~65.6%) versus negative EBIT indicates heavy non-operating and/or below-EBIT costs and the company still not translating gross profit into bottom-line results.

Balance Sheet

Leverage is not the issue (total debt is 0 in most periods), which reduces refinancing risk. However, the balance sheet shows significant strain from accumulated losses: stockholders’ equity is negative in TTM and 2024 (and also in 2023), which limits financial flexibility and can raise going-concern/financing risk. Total assets are relatively stable but have trended down from 2023 to TTM, suggesting contraction alongside the revenue decline.

Cash Flow

Cash generation is very weak: TTM operating cash flow is materially negative (about -24.3M) and free cash flow is also deeply negative (about -28.4M), implying ongoing cash burn. While free cash flow to net income is above 1.0 in TTM (losses larger than cash burn), this is not a sign of strength given both figures are negative. Overall, persistent negative operating cash flow across years highlights continued dependence on external funding or asset reductions to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.30M	11.44M	16.22M	39.66M	48.88M	41.93M
Gross Profit	2.56M	8.67M	12.81M	20.86M	36.33M	27.65M
EBITDA	2.16M	-7.81M	-13.70M	-39.27M	-30.13M	-42.45M
Net Income	-8.26M	-17.58M	-18.91M	-45.66M	-35.67M	-53.08M
Balance Sheet
Total Assets	25.03M	26.63M	36.53M	37.03M	54.34M	40.96M
Cash, Cash Equivalents and Short-Term Investments	11.17K	74.48K	533.53K	1.00M	3.31M	1.61M
Total Debt	0.00	0.00	0.00	26.13K	0.00	0.00
Total Liabilities	30.98M	42.46M	41.34M	30.73M	30.08M	23.09M
Stockholders Equity	-5.96M	-15.83M	-4.81M	6.30M	24.26M	17.88M
Cash Flow
Free Cash Flow	-28.43M	-19.31M	-8.31M	-26.42M	-40.50M	-27.14M
Operating Cash Flow	-24.34M	-3.70M	-4.20M	-23.54M	-30.18M	-24.34M
Investing Cash Flow	1.16M	-12.62M	-4.11M	-7.52M	-10.29M	-13.55M
Financing Cash Flow	23.00M	15.86M	7.84M	28.75M	42.17M	38.55M

Mavshack AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MAV, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.02, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.72 is Neutral, neither overbought nor oversold. The STOCH value of 38.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:MAV.

Mavshack AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
FRAG	45 Neutral	kr62.84M	-0.46	-229.41%	―	-10.21%	-1.15%
GBK	43 Neutral	kr35.76M	-3.41	―	―	33.98%	-104.57%
QIIWI	42 Neutral	kr17.67M	-2.85	-31.43%	―	-34.32%	70.25%
MAV	41 Neutral	kr4.00M	-0.16	―	―	-75.52%	86.85%