Fractal Gaming Group AB (FRACTL) AI Stock Analysis

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Fractal Gaming Group AB

(Nasdaq OMX AB:FRACTL)

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Rating:39Underperform

Price Target:SEK 13.50▼(-11.65% Downside)

Action:downgraded

Date:08/20/26

The overall score is critically low, driven primarily by a severe deterioration in financial performance. The company is unprofitable, burning cash, and experiencing a sharp revenue decline. While the debt-free balance sheet prevents a lower score, it is a defensive trait, not a driver of value. Technical trends confirm persistent weakness, and the negative P/E ratio underscores the lack of current earnings power.

Positive Factors

Conservative Balance SheetVery low leverage and substantial equity provide financial flexibility to absorb operating volatility, fund product development, and support the business through a recovery without relying heavily on new debt.

Negative Factors

Sharp Revenue ContractionThe significant revenue decline signals weaker demand, channel inventory pressure, or lost share. Sustained contraction would reduce operating leverage and make it harder to support product investment, marketing, and distribution costs.

Fractal Gaming Group AB (FRACTL) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 441.06M
Dividend Yield: ―
Average Volume (3M): 32.50K
Price to Earnings (P/E): -26.2
Beta (1Y): 0.15
Revenue Growth: -38.99%
EPS Growth: -131.30%
Country: Sweden
Employees: 106
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Fractal Gaming Group AB Business Overview & Revenue Model

Company Description

Operating internationally, Fractal Gaming Group AB (publ) specializes in providing a variety of products tailored for PC gaming enthusiasts. Their extensive catalog features vital components such as computer cases, power supplies, sophisticated water...

How the Company Makes Money

Fractal Gaming Group primarily makes money by selling PC hardware products under the Fractal brand, with revenue recognized from product sales through a network of distributors, resellers, and retail/e-commerce partners. Its key revenue streams are t...

Fractal Gaming Group AB Financial Statement Overview

Summary

Operational performance is severely distressed. TTM revenue declined 19.5% and gross profit swung to a loss, resulting in deeply negative margins. Operating and free cash flow are both negative, indicating significant cash burn. The only mitigating factor is a fortress-like balance sheet with minimal debt (debt-to-equity of 0.01), which provides a temporary buffer.

Income Statement

18Very Negative

Balance Sheet

78Positive

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	581.20M	809.50M	697.90M	773.30M	485.57M	478.56M
Gross Profit	-98.90M	49.20M	293.70M	315.33M	188.14M	167.02M
EBITDA	-100.00K	76.70M	88.20M	138.30M	39.58M	12.15M
Net Income	-23.20M	32.50M	47.70M	89.65M	10.69M	-4.36M
Balance Sheet
Total Assets	548.50M	642.50M	661.90M	597.09M	536.83M	564.55M
Cash, Cash Equivalents and Short-Term Investments	18.00M	17.00M	50.60M	20.35M	3.89M	4.27M
Total Debt	5.60M	27.20M	9.31M	23.35M	121.55M	145.19M
Total Liabilities	164.00M	230.10M	245.96M	229.59M	258.65M	297.56M
Stockholders Equity	384.50M	412.40M	415.90M	367.50M	278.18M	266.99M
Cash Flow
Free Cash Flow	-35.50M	6.70M	62.91M	117.60M	25.01M	-74.27M
Operating Cash Flow	-7.10M	16.20M	75.65M	146.41M	56.93M	-48.29M
Investing Cash Flow	-37.10M	-28.60M	-31.03M	-28.85M	-31.92M	-25.75M
Financing Cash Flow	-3.60M	-18.50M	-16.70M	-101.06M	-24.39M	63.21M

Fractal Gaming Group AB Technical Analysis

Technical Analysis SentimentPositive

Last Price15.28

Price Trends

50DMA13.90Positive

100DMA14.05Positive

200DMA14.72Positive

Market Momentum

MACD0.25Negative

RSI65.13Neutral

STOCH75.57Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FRACTL, the sentiment is Positive. The current price of 15.28 is above the 20-day moving average (MA) of 13.91, above the 50-day MA of 13.90, and above the 200-day MA of 14.72, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 65.13 is Neutral, neither overbought nor oversold. The STOCH value of 75.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FRACTL.

Fractal Gaming Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:FRACTL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:NITRO	70Outperform	SEK 28.79M	2.07	―	―	-36.26%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:BRAVE	54Neutral	SEK 114.69M	-4.05	―	―	―	―
SE:CDMIL	54Neutral	SEK 190.70M	43.29	―	―	-12.82%	60.94%
SE:FRACTL	39Underperform	SEK 441.06M	-26.16	―	―	-38.99%	-131.30%
SE:GBK	37Underperform	SEK 46.11M	-4.21	33.84%	―	2.71%	61.66%

* General Sector Average

Performance Comparison

SE:FRACTL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:FRACTL	Fractal Gaming Group AB	15.28	-14.92	-49.40%
SE:GBK	Goodbye Kansas Group AB	1.18	-0.78	-39.71%
SE:GIG	GiG Software PLC Shs Swedish Depository Receipt Repr 1 Sh	3.25	-1.79	-35.52%
SE:BRAVE	Kinda Brave Entertainment Group AB	2.25	0.31	15.98%
SE:NITRO	Nitro Games Plc	1.20	-0.19	-13.54%
SE:CDMIL	Codemill AB	14.20	-1.90	-11.80%

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: Aug 20, 2026

Fractal Gaming Group AB AI Stock Analysis