Kinda Brave Entertainment Group AB (BRAVE) AI Stock Analysis

Kinda Brave Entertainment Group AB

(Nasdaq OMX AB:BRAVE)

Select Model

Rating:51Neutral

Price Target:SEK 2.50▲(6.38% Upside)

Action:reiterated

Date:09/09/26

The overall score reflects very high financial risk from tiny revenues, large losses, and significant negative free cash flow, partially mitigated by a debt-free, expanding balance sheet and improving operating cash flow, while the technical picture shows a constructive upward trend with moderate bullish momentum and a neutral-to-weak valuation profile given the negative P/E and absence of dividends.

Positive Factors

Low LeverageA debt-free balance sheet reduces interest burden and refinancing exposure, preserving financial flexibility while the company funds development and publishing activities. This provides more capacity to manage volatility and allocate resources toward operations without leverage amplifying downside.

Negative Factors

Sharp Revenue DeclineA 43.08% TTM revenue contraction indicates materially weaker commercial performance and reduces the scale available to support publishing, marketing, and development costs. Persistent top-line pressure can weaken operating leverage and make a durable path to profitability more difficult.

Kinda Brave Entertainment Group AB (BRAVE) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 119.79M
Dividend Yield: ―
Average Volume (3M): 464.16K
Price to Earnings (P/E): -2.7
Beta (1Y): 0.23
Revenue Growth: ―
EPS Growth: ―
Country: Sweden
Employees: 39
Sector: General
Sector Strength: 55
Industry: Electronic Gaming & Multimedia

Kinda Brave Entertainment Group AB Business Overview & Revenue Model

Company Description

Kinda Brave Entertainment Group AB (Publ) functions as a video game holding company. Its core strategy centers on acquiring both game development studios and intellectual properties within Sweden. The firm is also actively cultivating its own interna...

Kinda Brave Entertainment Group AB Financial Statement Overview

Summary

Financial performance is very weak, with tiny revenues, large operating and net losses, deeply negative margins, volatile and shrinking revenue, and persistently negative free cash flow, partly offset by a debt-free, growing asset base and recently positive but modest operating cash flow.

Income Statement

18Very Negative

Balance Sheet

42Neutral

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	255.00K	453.00K	1.58M	41.00K	0
Gross Profit	23.25M	22.58M	28.87M	16.41M	0
EBITDA	-18.69M	-27.42M	-21.74M	-15.75M	-2.51M
Net Income	-35.28M	-36.95M	-30.61M	-16.93M	-2.53M
Balance Sheet
Total Assets	94.92M	77.88M	54.73M	23.61M	14.56M
Cash, Cash Equivalents and Short-Term Investments	5.10M	14.39M	987.00K	273.54K	0
Total Debt	0	0	14.00M	0	0
Total Liabilities	70.97M	75.61M	38.52M	17.05M	7.07M
Stockholders Equity	23.95M	2.27M	16.20M	6.57M	7.50M
Cash Flow
Free Cash Flow	-15.13M	-9.59M	-37.80M	-26.33M	-2.41M
Operating Cash Flow	7.87M	12.61M	-10.54M	-8.56M	-2.41M
Investing Cash Flow	-18.72M	-22.30M	-27.10M	-18.05M	-4.24M
Financing Cash Flow	19.78M	23.10M	38.34M	17.50M	16.02M

Kinda Brave Entertainment Group AB Technical Analysis

Technical Analysis SentimentNeutral

Last Price2.35

Price Trends

50DMA2.62Negative

100DMA2.46Negative

200DMA2.15Positive

Market Momentum

MACD-0.13Positive

RSI43.81Neutral

STOCH50.80Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BRAVE, the sentiment is Neutral. The current price of 2.35 is below the 20-day moving average (MA) of 2.46, below the 50-day MA of 2.62, and above the 200-day MA of 2.15, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 43.81 is Neutral, neither overbought nor oversold. The STOCH value of 50.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BRAVE.

Kinda Brave Entertainment Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:BRAVE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:EMB	82Outperform	SEK 162.77M	10.05	33.26%	―	13.22%	―
SE:NITRO	70Outperform	SEK 33.02M	2.30	―	―	-36.26%	―
SE:MAGI	66Neutral	SEK 238.45M	268.66	0.31%	―	-4.32%	―
SE:G5EN	57Neutral	SEK 482.21M	20.87	5.13%	3.08%	-19.67%	-68.42%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:BRAVE	51Neutral	SEK 119.79M	-2.70	―	―	―	―
SE:GCOR	41Neutral	SEK 101.81M	-2.54	406.23%	―	57.81%	9.24%

* General Sector Average

Performance Comparison

SE:BRAVE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:BRAVE	Kinda Brave Entertainment Group AB	2.35	0.47	25.00%
SE:G5EN	G5 Entertainment AB	64.90	-25.64	-28.32%
SE:EMB	LL Lucky Games AB	0.55	-0.45	-44.92%
SE:GCOR	Gaming Corps AB	0.70	-0.44	-38.60%
SE:MAGI	MAG Interactive AB	9.00	0.10	1.12%
SE:NITRO	Nitro Games Plc	1.32	-0.17	-11.55%

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.

Date of analysis: Sep 09, 2026

Kinda Brave Entertainment Group AB AI Stock Analysis