Thunderful Group AB (THUNDR) AI Stock Analysis

• Market Cap: kr18.63M
• Dividend Yield: N/A
• Average Volume (3M): 562.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.78
• Revenue Growth: -88.95%
• EPS Growth: 25.81%
• Country: SE
• Employees: 297
• Sector: Consumer Cyclical
• Sector Strength: 73
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.55
• Shares Outstanding: 74,532,890
• 10 Day Avg. Volume: 184,823
• 30 Day Avg. Volume: 562,724
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 1

• Rating: 45 Neutral
• Price Target: kr0.00 ▼(-100.00% Downside)

Thunderful Group AB's overall stock score is hampered by significant financial challenges, including unprofitability and negative revenue trends, coupled with bearish technical indicators. The valuation is unattractive due to a negative P/E ratio, further contributing to the low score.

Thunderful Group AB Business Overview & Revenue Model

Company Description

Thunderful Group AB (THUNDR) is a Swedish company operating in the entertainment and gaming sector. It is primarily engaged in the development, publishing, and distribution of video games. The company manages a diverse portfolio of gaming titles and operates through its two main segments: Thunderful Games, which focuses on game development and publishing, and Thunderful Distribution, which handles the distribution of its games and other gaming-related products.

How the Company Makes Money

Thunderful Group AB generates revenue through multiple streams. The primary source of income is from game development and publishing, where the company creates and releases games across various platforms, collecting sales revenue from digital and physical copies. The company also earns from distribution agreements, where it acts as a distributor for other game developers, earning a margin on sales. Additionally, Thunderful may generate revenue through partnerships and licensing agreements, where it collaborates with other companies to enhance its product offerings or reach new markets. Key factors contributing to its earnings include the successful launch of popular game titles, strategic acquisitions, and an expanding portfolio that attracts a broad audience base.

Thunderful Group AB Financial Statement Overview

Summary

Thunderful Group AB faces significant financial challenges, with negative EBIT and net income margins and declining revenue from 2022 to TTM 2025. Despite improvements in operating and free cash flow, liquidity and profitability remain concerns. The balance sheet shows moderate stability, but declining equity and assets are worrisome.

Income Statement

Thunderful Group AB has experienced declining revenue from 2022 to TTM 2025, with significant negative EBIT and net income margins indicating profitability challenges. The gross profit margin is not calculable due to gross profit exceeding total revenue, suggesting data discrepancies. The company shows a concerning downward trend in its financial performance with negative net income each year.

Balance Sheet

The company maintains a moderate debt-to-equity ratio and a relatively healthy equity ratio, indicating some stability. However, the declining stockholders' equity and total assets from 2023 to TTM 2025 raise concerns about financial position stability. The company needs to address liquidity and leverage to improve its balance sheet strength.

Cash Flow

Thunderful Group AB has shown improvement in operating cash flow in TTM 2025 compared to previous years, indicating better cash generation capabilities. The free cash flow has also improved significantly. Despite this positive trend, the high financing cash outflows suggest potential challenges in sustaining operations without external funding.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	292.80M	2.82B	3.03B	3.14B	3.05B
Gross Profit	323.10M	885.00M	1.02B	880.40M	678.90M
EBITDA	-69.40M	110.30M	344.60M	302.10M	276.40M
Net Income	-887.50M	-609.40M	121.20M	132.20M	137.40M
Balance Sheet
Total Assets	772.90M	3.19B	3.67B	3.62B	2.46B
Cash, Cash Equivalents and Short-Term Investments	31.00M	209.10M	56.60M	60.20M	305.10M
Total Debt	23.50M	611.20M	206.30M	382.10M	19.20M
Total Liabilities	194.90M	1.81B	1.69B	1.82B	967.90M
Stockholders Equity	578.00M	1.38B	1.98B	1.80B	1.49B
Cash Flow
Free Cash Flow	79.60M	-22.90M	266.50M	-192.60M	-120.40M
Operating Cash Flow	241.30M	315.40M	497.50M	-64.90M	-88.60M
Investing Cash Flow	136.60M	-330.20M	-301.70M	-316.80M	-155.60M
Financing Cash Flow	-559.20M	167.80M	-234.10M	134.40M	509.00M

Thunderful Group AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:THUNDR, the sentiment is Negative. The current price of 0.25 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.52, and below the 200-day MA of 0.71, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 27.29 is Positive, neither overbought nor oversold. The STOCH value of 84.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:THUNDR.

Thunderful Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NITRO	70 Outperform	kr41.97M	6.43		―	13.47%	―
Sector *	60 Neutral	kr10.65B	17.52	10.31%	3.11%	-0.81%	-21.14%
SOZAP	51 Neutral	€6.89M	―	-37.92%	―	0.87%	47.70%
FRAG	46 Neutral	kr99.09M	―	-60.20%	―	-13.48%	34.61%
THUNDR	45 Neutral	kr18.63M	―		―	-88.95%	25.81%
GCOR	41 Neutral	€193.44M	―	-253.32%	―	27.89%	4.59%
QIIWI	39 Underperform	kr34.78M	―	-25.37%	―	-30.03%	78.16%