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Enad Global 7 AB
(EG7)
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Rating:56Neutral
Price Target:
kr14.50
▲(13.81% Upside)
Action:Reiterated
Date:08/27/26
The score balances a notably constructive earnings-call outlook and improving operational performance against weak technical momentum and materially impaired profitability in the financial statements. Stronger cash generation and manageable leverage help stabilize the profile, but the negative earnings picture and downtrend keep the overall score in the mid-range.
Positive Factors
Strong revenue and EBITDA growth
The sharp improvement in quarterly revenue and adjusted EBITDA indicates stronger execution across the portfolio and better operating leverage. If recent releases continue to attract players, higher margins can support reinvestment in content, marketing, and studio capabilities over the next several quarters.
Negative Factors
Severely impaired reported profitability
Deep reported losses show that stronger adjusted EBITDA and cash generation have not yet translated into a healthy statutory earnings engine. Persistent negative profitability can constrain retained capital, weaken returns on equity, and make future performance more dependent on successful releases and continued cost discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and EBITDA growth
The sharp improvement in quarterly revenue and adjusted EBITDA indicates stronger execution across the portfolio and better operating leverage. If recent releases continue to attract players, higher margins can support reinvestment in content, marketing, and studio capabilities over the next several quarters.
Read all positive factors
Enad Global 7 AB (EG7) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.26B
Dividend Yield18.89%
Average Volume (3M)291.24K
Price to Earnings (P/E)―
Beta (1Y)0.45
Revenue Growth-11.07%
EPS Growth-734.06%
CountrySE
Employees535
SectorGeneral
Sector StrengthN/A
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-20.98
Shares Outstanding88,603,520
10 Day Avg. Volume217,049
30 Day Avg. Volume291,243
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.78
Price to Sales (P/S)0.74
P/FCF Ratio12.41
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)1.1
Revenue Forecast (FY)kr1.88B
Enad Global 7 AB Business Overview & Revenue Model
Company Description
Enad Global 7 AB (publ), a comprehensive entity in the video game sector, specializes in the creation, promotion, distribution, and release of interactive entertainment across personal computers, gaming consoles, and mobile platforms. Its extensiv...
How the Company Makes Money
EG7 makes money primarily by selling video games and related digital content through its publishing and studio portfolio. Revenue is generated from (1) premium game sales (one-time purchases of full games sold digitally and, where applicable, phys...
Enad Global 7 AB Earnings Call Summary
Earnings Call Date:Aug 19, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operational and financial picture: strong consolidated revenue growth (+25% reported, +30% constant currency), substantial adjusted EBITDA expansion (~165% YoY) and margin improvement (up ~1,100 bps to 21%). Multiple business units grew and were profitable, Fireshine delivered a breakout performance, Big Blue Bubble returned to growth and Piranha showed a steady DLC-driven model. The balance sheet and cash generation strengthened, and the product pipeline (Denshattack!, EverQuest Legends, Aliens: Fireteam Elite 2) plus the Cold Iron acquisition present clear upside. Key near-term risks and negatives include currency headwinds, Q2 seasonality at Daybreak, working-capital-driven cash timing (accrued royalties to be paid in Q3), revenue concentration in Fireshine around one hit title, and anticipated Q3 marketing spend for Aliens that may pressure near-term margins. Overall, the highlights outweigh the lowlights, signaling positive momentum but with some execution and timing risks to monitor.Positive Updates
Strong consolidated top-line growth
Net revenue of SEK 475 million for Q2, up 25% year-over-year (30% growth in constant currency). Last twelve months (LTM) net revenue at SEK 1.6 billion.
Negative Updates
Currency headwind
Quarter included a SEK 19.1 million negative currency headwind, partially offsetting reported growth in local currencies.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong consolidated top-line growth
Net revenue of SEK 475 million for Q2, up 25% year-over-year (30% growth in constant currency). Last twelve months (LTM) net revenue at SEK 1.6 billion.
Read all positive updates
Company Guidance
Management guided that Q3 is off to a strong start and expects net revenue to continue improving for the rest of the year driven by Aliens: Fireteam Elite 2 (launch Aug 25; base $50 / premium $70; cross‑play on Steam/Epic/PlayStation/Xbox; Switch 2 later) plus recent releases Denshattack! (>100k units sold, ~250k Game Pass players, 98% Steam rating) and EverQuest Legends (released Jul 28), with EverQuest Legends expected to contribute nicely to Q3 and only limited cannibalization across EQ I/II; Daybreak’s Q2 seasonality should reverse with a Q3 rebound, Q3 marketing spend will be concentrated around Aliens, and Q3 investments excluding the Cold Iron acquisition are expected to be generally similar to Q2; Cold Iron closed Aug 18 and will be leveraged for future content; financial headroom remains strong with cash SEK 344m (net debt SEK 3.6m), unutilized RCF SEK 100m and a SEK 1bn bond frame, while Q2 provides the base (Q2 net revenue SEK 475m, +25% YoY/+30% FX‑neutral; adjusted EBITDA SEK 99m, +165% YoY; adj. EBITDA margin 21%, +1,100 bps; operating cash flow SEK 120m or SEK 94m excluding working capital; LTM net revenue SEK 1.6bn; LTM adj. EBITDA margin 18%).Enad Global 7 AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.62B | 1.63B | 1.92B | 2.09B | 1.88B | 2.04B |
| Gross Profit | -1.65B | -2.06B | 1.56B | 1.55B | 1.41B | 1.50B |
| EBITDA | 225.40M | 132.50M | 471.10M | 489.10M | 472.10M | 576.30M |
| Net Income | -1.86B | -1.94B | -236.40M | 156.10M | -268.10M | 96.80M |
Balance Sheet | ||||||
| Total Assets | 2.64B | 2.53B | 4.91B | 4.87B | 4.95B | 6.01B |
| Cash, Cash Equivalents and Short-Term Investments | 344.20M | 390.30M | 321.50M | 478.30M | 405.20M | 481.20M |
| Total Debt | 394.10M | 402.40M | 69.00M | 80.90M | 145.10M | 458.50M |
| Total Liabilities | 944.80M | 995.00M | 939.80M | 972.30M | 1.05B | 1.41B |
| Stockholders Equity | 1.70B | 1.54B | 3.97B | 3.90B | 3.90B | 4.60B |
Cash Flow | ||||||
| Free Cash Flow | 235.00M | 96.70M | -137.90M | 190.70M | 174.50M | 4.20M |
| Operating Cash Flow | 314.80M | 102.80M | 194.10M | 437.80M | 374.60M | 162.70M |
| Investing Cash Flow | -390.20M | -309.60M | -306.50M | -231.60M | -58.00M | -625.80M |
| Financing Cash Flow | -37.20M | 312.10M | -66.30M | -126.00M | -331.80M | -164.20M |
Enad Global 7 AB Technical Analysis
Negative
12.74
Price Trends
17.77
Negative
18.24
Negative
16.47
Negative
Market Momentum
-0.89
Positive
30.03
Neutral
5.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:EG7, the sentiment is Negative. The current price of 12.74 is below the 20-day moving average (MA) of 15.37, below the 50-day MA of 17.77, and below the 200-day MA of 16.47, indicating a bearish trend. The MACD of -0.89 indicates Positive momentum. The RSI at 30.03 is Neutral, neither overbought nor oversold. The STOCH value of 5.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:EG7.
Enad Global 7 AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr16.00B | 127.25 | 5.06% | 3.27% | 7.73% | -81.02% | |
63 Neutral | kr490.38M | 21.06 | 5.13% | 3.05% | -19.67% | -68.42% | |
63 Neutral | kr3.66B | -1.83 | ― | ― | -13.65% | 72.95% | |
60 Neutral | kr232.62M | -23.32 | -3.33% | 17.53% | 4.39% | -6331.67% | |
56 Neutral | kr1.26B | -0.67 | ― | 18.89% | -11.07% | -734.06% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | kr171.82M | -0.36 | -221.09% | ― | -27.96% | -152.47% |
* General Sector Average
SE:EG7
Enad Global 7 AB
13.98
-0.96
-6.43%
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Enad Global 7 AB Corporate Events
EG7 Cuts Staff at Cold Iron Studios While Keeping Aliens: Fireteam Elite 2 on Track
Sep 25, 2026
Enad Global 7’s wholly owned subsidiary Daybreak Game Company is implementing a staff reduction at Cold Iron Studios following the release of Aliens: Fireteam Elite 2, in line with a planned effort to lower operating costs. The move is frame...
EG7 Launches Aliens: Fireteam Elite 2 After Major Investment
Aug 25, 2026
Enad Global 7 has released Aliens: Fireteam Elite 2 worldwide on PC and current-generation consoles, with a Nintendo Switch 2 version to follow in late September. Developed by Daybreak and Cold Iron Studios in collaboration with 20th Century Games...
EG7 Delivers Strong Q2 on Far Far West Launch and Palia Growth
Aug 19, 2026
Enad Global 7 reported a strong second quarter, with net revenue rising 25.3 percent to SEK 474.6 million and FX-adjusted organic growth of 30.3 percent. Profitability improved sharply, as adjusted EBITDA more than doubled to SEK 99.4 million, lif...
EG7 Tightens Grip on Alien Franchise With Cold Iron Asset Acquisition
Aug 19, 2026
Enad Global 7 has completed the previously announced acquisition of Cold Iron Studios’ business through an asset purchase, with subsidiary Daybreak Game Company acquiring Cold Iron’s intellectual property, contracts, technology and dev...
Enad Global 7 schedules live Q2 2026 update for investors
Aug 6, 2026
Enad Global 7 AB, the Stockholm-listed gaming group behind development divisions like Daybreak Games and marketing unit Petrol, continues to expand its global footprint in PC, console and mobile titles through both original IP and third-party proj...
EG7 expands EverQuest franchise with launch of reimagined EverQuest Legends
Jul 29, 2026
Enad Global 7’s Daybreak Games studio has launched EverQuest Legends, a reimagined PC version of the classic EverQuest created in partnership with independent developer Game Jawn. The title blends the nostalgia of the original MMORPG with mo...
EG7 Sets August Global Launch for Aliens: Fireteam Elite 2
Jul 23, 2026
Enad Global 7 has set a global release date of August 25, 2026 for Aliens: Fireteam Elite 2 on PlayStation 5, Xbox Series X|S, Steam and the Epic Games Store. Developed by Cold Iron Studios and published by EG7’s Daybreak in collaboration wi...
EG7’s Fireshine Games Launches Denshattack! Globally
Jul 15, 2026
Fireshine Games, part of Enad Global 7, has released the arcade action title Denshattack! worldwide on PlayStation 5, Xbox Series X|S, Nintendo Switch 2 and PC, following strong pre-launch momentum on Steam. The game, developed by Undercoders, ble...
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.