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Naga Group AG
(XETRA:N4G0)
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Rating:44Neutral
Price Target:
€3.00
▲(0.33% Upside)
Action:Reiterated
Date:02/03/26
The score is primarily constrained by persistent profitability and free-cash-flow weakness, despite a very strong balance sheet with low leverage. Technicals further weigh on the outlook as the stock trades below all major moving averages with negative MACD and a low RSI. Valuation is also challenged because the negative P/E signals ongoing losses, and there is no dividend yield data to offset that.
Positive Factors
High Gross Margin
A gross margin near 90% indicates NAGA's core platform economics are highly scalable with low direct cost of revenue. This provides durable operating leverage: as revenues expand, the company can disproportionately convert top-line growth into operating income if fixed operating expenses are controlled.
Negative Factors
Persistent Net Losses
Ongoing negative net and EBIT margins show the business is not yet profitable at the operating level. Persisting losses can erode retained equity, limit reinvestment, and force reliance on external funding, constraining long-term ability to scale while preserving unit economics.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margin
A gross margin near 90% indicates NAGA's core platform economics are highly scalable with low direct cost of revenue. This provides durable operating leverage: as revenues expand, the company can disproportionately convert top-line growth into operating income if fixed operating expenses are controlled.
Read all positive factors
Naga Group AG (N4G0) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€64.43M
Dividend YieldN/A
Average Volume (3M)5.76K
Price to Earnings (P/E)―
Beta (1Y)2.25
Revenue Growth-9.63%
EPS Growth42.05%
CountryDE
Employees259
SectorFinancial
Sector Strength70
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-0.12
Shares Outstanding23,278,315
10 Day Avg. Volume3,352
30 Day Avg. Volume5,756
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)19.16
Price to Sales (P/S)30.90
P/FCF Ratio-907.18
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)0.05
Revenue Forecast (FY)€66.53M
Naga Group AG Business Overview & Revenue Model
Company Description
The NAGA Group AG develops and offers fintech products and services in Latin America, the Middle East, North Africa, and Southeast Asia. It offers platform that provides integrated trading tools for technical and fundamental analysis. It also prov...
How the Company Makes Money
NAGA Group AG primarily makes money through its brokerage/trading business by monetizing customer trading activity and related account services. Key revenue streams typically include (1) transaction-based income generated when clients trade (e.g.,...
Naga Group AG Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.93M | 53.64M | 39.73M | 57.60M | 52.88M | 24.35M |
| Gross Profit | 39.20M | 48.09M | 15.37M | 29.04M | 33.46M | 15.16M |
| EBITDA | 8.90M | 8.56M | 111.00K | -28.98M | -4.19M | 4.34M |
| Net Income | -5.20M | -6.73M | -60.94M | -44.12M | -10.10M | -594.00K |
Balance Sheet | ||||||
| Total Assets | 91.03M | 93.13M | 60.88M | 146.90M | 177.37M | 127.98M |
| Cash, Cash Equivalents and Short-Term Investments | 7.82M | 9.00M | 5.94M | 3.09M | 35.70M | 5.23M |
| Total Debt | 5.32M | 3.29M | 3.70M | 2.04M | 48.00K | 5.57M |
| Total Liabilities | 9.02M | 8.03M | 11.43M | 20.84M | 14.27M | 18.03M |
| Stockholders Equity | 83.39M | 86.51M | 50.93M | 127.09M | 164.11M | 110.33M |
Cash Flow | ||||||
| Free Cash Flow | 1.25M | -1.83M | -4.38M | -32.60M | -28.08M | -4.07M |
| Operating Cash Flow | 1.26M | 2.62M | -912.00K | -14.53M | -13.64M | 1.08M |
| Investing Cash Flow | -4.15M | 1.24M | -3.42M | 9.16M | -41.58M | -5.22M |
| Financing Cash Flow | -2.73M | -566.00K | 5.76M | -128.00K | 58.56M | 5.69M |
Naga Group AG Technical Analysis
Negative
2.99
Price Trends
3.14
Negative
3.23
Negative
3.04
Negative
Market Momentum
-0.03
Positive
44.61
Neutral
15.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:N4G0, the sentiment is Negative. The current price of 2.99 is below the 20-day moving average (MA) of 3.17, below the 50-day MA of 3.14, and below the 200-day MA of 3.04, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 44.61 is Neutral, neither overbought nor oversold. The STOCH value of 15.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:N4G0.
Naga Group AG Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €3.98B | 20.53 | 20.76% | 0.83% | 20.27% | 50.28% | |
72 Outperform | €159.97M | 2.28 | 60.82% | 23.60% | 61.60% | 138.84% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
56 Neutral | €189.83M | 135.83 | 6.20% | 0.43% | ― | ― | |
51 Neutral | €136.20M | -104.45 | -0.52% | 0.37% | 8.80% | -172.31% | |
44 Neutral | €64.43M | -1.18 | -9.79% | ― | -9.63% | 42.05% |
* Financial Sector Average
DE:N4G0
Naga Group AG
2.91
-3.19
-52.30%
DE:FTK
flatexDEGIRO AG
36.14
9.02
33.24%
DE:NF4
Netfonds AG
81.50
36.30
80.31%
DE:LUS1
Lang & Schwarz AG
16.95
-0.68
-3.84%
DE:T2G
Tradegate AG Wertpapierhandelsbank
81.00
-5.49
-6.35%
DE:ADE
Bitcoin Group SE
27.24
-12.10
-30.75%
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.