Raketech Group Holding Plc (RAKE) AI Stock Analysis

• Market Cap: kr74.17M
• Dividend Yield: N/A
• Average Volume (3M): 73.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.10
• Revenue Growth: -47.47%
• EPS Growth: -524.00%
• Country: SE
• Employees: 131
• Sector: Services
• Sector Strength: N/A
• Industry: Advertising Agencies
• EPS (TTM): N/A
• Shares Outstanding: 45,224,228
• 10 Day Avg. Volume: 88,696
• 30 Day Avg. Volume: 73,522
• PEG Ratio: <0.01
• Price to Book (P/B): 0.24
• Price to Sales (P/S): 0.29
• P/FCF Ratio: 1.27
• 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): 0.1
• Revenue Forecast (FY): kr29.00M

• Rating: 47 Neutral
• Price Target: kr1.50 ▼(-21.05% Downside)
• Action: Upgraded Date: 03/01/26
• Date: Action: Upgraded 03/01/26

The score is primarily held down by weakened financial performance (material revenue declines and net losses) and a bearish technical setup (price below key moving averages and negative MACD). A low-leverage balance sheet and positive operating cash flow provide some offset, while valuation is largely indeterminate due to the negative P/E and missing dividend yield.

Positive Factors

Conservative balance sheet

Low leverage provides lasting financial resilience: with limited debt obligations the company has lower fixed financing costs and greater flexibility to absorb revenue shocks, fund content/SEO investment, and negotiate commercial terms without immediate refinancing risk.

Consistent operating cash flow

Persistent positive operating cash flow supports ongoing operations and working capital needs even while earnings are volatile; this durability helps finance marketing and content spend internally and reduces reliance on external capital over a multi-quarter horizon.

Owned affiliate assets and recurring revenue model

Owning publishing assets plus recurring revenue-share contracts creates a scalable, structurally advantaged business: strong SEO and content reach can compound traffic and yields over time, aligning incentives with operators and enabling margin expansion if user acquisition remains efficient.

Negative Factors

Material revenue decline

Sharp multi-year revenue declines reverse prior growth momentum and reduce scale economics. Lower revenue weakens negotiating leverage with operators, compresses marketing ROI, and limits the company's ability to sustain content investment needed for long-term traffic growth.

Net losses and equity erosion

Ongoing net losses that have materially eroded equity reduce the financial buffer against future shocks. A smaller equity base constrains strategic flexibility, raises the stakes on returning to profitability, and could limit capacity for acquisitions or large content investments.

Volatile free cash flow

Highly variable free cash flow complicates capital allocation and long-term planning: uneven FCF increases the likelihood of needing external funding to smooth investments, makes multi-quarter reinvestment programs riskier, and heightens sensitivity to further revenue shocks.

Raketech Group Holding Plc Business Overview & Revenue Model

Company Description

Raketech Group Holding PLC operates as an online affiliate and performance marketing company worldwide. The company offers comparison services, online guides, communities, and social media products for the online casino, sports betting, TV sports, and cryptocurrency industries. It operates CasinoGuide.se, a casino review website; TurtleBet.com that provides casino content, bonus offers, and sports betting news; Casinoer.com, an online guide; CasinoBonusar.nu that offers promotions, bonus spin offers, and campaigns; and CasinoFeber.se that offers casino-related content, including casino news, reviews, and latest promotions. In addition, the company operates Norgecasino.com, a complete casino guide covering all aspects of gambling and betting; Casinobonukset.com that focuses on bonus opportunities; and Casimaru, a casino community site dedicated to Japanese players; CasinoFever.ca, a comparison portal for casinos and betting in Canada; and CasinoTop5 which offers reviews of new and old games and operators in Japan. Further, it operates BetXpert.com that offers sports betting content, expert betting advice, and live match data from sports; Betting.se, a sports betting Website; Urheiluveikkaus.com that provides a hub of sports betting content, including industry news, the latest campaigns; operator reviews; and TVMatchen which offers real time listings, live scores, and match information, as well as latest sports news, game previews, match statistics, and live results for all the sports. The company also operates Cryptimi.com, a digital currency and block chain review site. It serves sports streaming providers, game studios, and international betting and casino operators. Raketech Group Holding PLC was founded in 2010 and is headquartered in Gzira, Malta.

How the Company Makes Money

Raketech generates revenue primarily through affiliate marketing, whereby it earns commissions for directing traffic and new customers to online gaming operators. The company partners with various gaming brands and receives payments based on performance metrics, such as the number of leads generated or revenue share agreements. Key revenue streams include player acquisition, where Raketech leverages its digital platforms to attract new players for its partners, and content monetization, which involves producing engaging content that drives user interaction and conversions. Additionally, strategic partnerships with leading gaming operators and continuous investment in technology and marketing capabilities further bolster its earnings potential.

Raketech Group Holding Plc Financial Statement Overview

Summary

Financials are pressured by sharp revenue declines in 2024–2025 and continued net losses, outweighing the prior 2020–2023 strength. Positives include a relatively conservative balance sheet with low leverage and consistently positive operating cash flow, but equity erosion and volatile free cash flow reduce confidence.

Income Statement

The earnings profile has deteriorated sharply. Revenue fell materially in 2024 and again in 2025 (down ~21% and ~25%, respectively), reversing the strong growth seen from 2020–2023. Profitability also swung from healthy positive earnings in 2020–2023 (solid gross profit levels and positive operating profit) to very large losses in 2024 and a continued net loss in 2025, despite 2025 showing positive operating profit and EBITDA. Overall, the recent multi-year downtrend and loss-making results outweigh the earlier period of consistent profitability.

Balance Sheet

The balance sheet appears relatively conservative with low debt levels versus equity across the period (debt-to-equity was very low in 2020–2024), which helps limit financial risk. Equity remains sizable, though it has declined meaningfully from 2023 to 2025, consistent with recent losses and/or asset value compression. While leverage is not the problem, the key weakness is the erosion of the equity base and asset levels in the last two years.

Cash Flow

Cash generation is mixed but shows resilience. Operating cash flow stayed positive in every year provided and remained positive in 2025, which is a notable support despite net losses. However, free cash flow has been volatile—negative in 2020, roughly breakeven/negative in 2024, then positive in 2025, with a very large negative growth rate in 2025 off the prior-year base. The main strength is ongoing positive operating cash flow; the main concern is inconsistent conversion into stable free cash flow.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	27.01M	61.18M	77.69M	52.64M	38.51M
Gross Profit	16.40M	34.78M	44.93M	37.94M	27.03M
EBITDA	8.93M	-45.89M	23.03M	18.71M	14.87M
Net Income	-13.09M	-56.55M	6.61M	8.33M	7.13M
Balance Sheet
Total Assets	62.70M	83.57M	166.00M	148.32M	131.97M
Cash, Cash Equivalents and Short-Term Investments	5.27M	4.53M	13.46M	8.06M	3.21M
Total Debt	4.07M	2.31M	9.94M	15.03M	15.07M
Total Liabilities	30.40M	37.86M	66.70M	51.66M	46.91M
Stockholders Equity	32.30M	45.70M	99.30M	96.67M	85.07M
Cash Flow
Free Cash Flow	6.18M	-205.00K	15.46M	5.61M	29.67K
Operating Cash Flow	7.17M	16.48M	21.02M	18.82M	14.63M
Investing Cash Flow	-503.00K	-16.37M	-5.56M	-13.21M	-28.65M
Financing Cash Flow	-7.87M	-9.09M	-10.00M	-761.53K	12.26M

Raketech Group Holding Plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.90
• 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:RAKE, the sentiment is Negative. The current price of 1.9 is above the 20-day moving average (MA) of 1.76, above the 50-day MA of 1.85, and below the 200-day MA of 2.38, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 34.38 is Neutral, neither overbought nor oversold. The STOCH value of 50.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:RAKE.

Raketech Group Holding Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRAD	56 Neutral	kr397.73M	385.19	4.37%	―	6.67%	-7.93%
BUSER	56 Neutral	kr148.87M	-0.85	―	―	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
TOURN	50 Neutral	kr63.40M	-8.88	―	―	―	―
RAKE	47 Neutral	kr74.17M	-0.60	―	―	-47.47%	-524.00%
SCOUT	43 Neutral	kr25.90M	-2.96	―	―	―	―