Want to see SE:FRAG full AI Analyst Report?
Top Page
Fragbite Group AB
(FRAG)
Select Model
Select Model
Rating:53Neutral
Price Target:
kr6.00
▲(5.26% Upside)
Action:Reiterated
Date:08/28/26
The score is held down primarily by weak financial performance—sharp revenue decline, persistently negative operating margins, and significant ongoing cash burn—despite the benefit of a low-leverage balance sheet. Technicals are moderately supportive with positive MACD and price above shorter-term moving averages, and valuation looks inexpensive based on the very low P/E, but these are secondary to the cash flow and operating profitability risks.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces interest burden and refinancing risk, giving Fragbite greater flexibility to fund restructuring or strategic initiatives while operating performance remains under pressure.
Negative Factors
Sharp Revenue Contraction
Persistent revenue contraction weakens scale economies, limits investment capacity, and raises execution risk. Without renewed demand across its esports and gaming activities, the company may struggle to support a sustainable cost base.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces interest burden and refinancing risk, giving Fragbite greater flexibility to fund restructuring or strategic initiatives while operating performance remains under pressure.
Read all positive factors
Fragbite Group AB (FRAG) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr46.20M
Dividend YieldN/A
Average Volume (3M)4.33K
Price to Earnings (P/E)0.7
Beta (1Y)0.84
Revenue Growth-66.04%
EPS GrowthN/A
CountrySE
Employees46
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)7.66
Shares Outstanding8,077,044
10 Day Avg. Volume6,120
30 Day Avg. Volume4,327
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.68
Price to Sales (P/S)0.31
P/FCF Ratio-1.10
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)33.44
Revenue Forecast (FY)kr782.70M
Fragbite Group AB Business Overview & Revenue Model
Company Description
Operating from its Stockholm, Sweden headquarters since its inception in 2002, Fragbite Group AB (publ) is a digital entertainment company focused on gaming activities across the Nordic region. The company undertakes the development, publishing, d...
How the Company Makes Money
Fragbite Group AB generates revenue through its activities in the esports and gaming ecosystem, typically monetizing via commercial partnerships and sponsorships, advertising and media-related income, and event/competition-related revenue streams....
Fragbite Group AB Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
64
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.51M | 143.85M | 213.23M | 237.20M | 254.06M | 124.04M |
| Gross Profit | 9.51M | -81.76M | 118.36M | 103.94M | 72.70M | 42.78M |
| EBITDA | -5.31M | 941.00K | 7.79M | 8.88M | -2.55M | -10.48M |
| Net Income | 60.70M | 7.62M | -128.98M | -53.15M | -103.11M | -50.40M |
Balance Sheet | ||||||
| Total Assets | 84.15M | 94.88M | 193.06M | 984.52M | 383.00M | 304.26M |
| Cash, Cash Equivalents and Short-Term Investments | 13.76M | 38.13M | 9.41M | 25.05M | 40.99M | 87.46M |
| Total Debt | 0.00 | 0.00 | 29.18M | 40.40M | 56.85M | 46.49M |
| Total Liabilities | 27.39M | 28.04M | 112.17M | 838.45M | 221.49M | 101.00M |
| Stockholders Equity | 56.76M | 66.84M | 80.89M | 146.07M | 161.51M | 203.25M |
Cash Flow | ||||||
| Free Cash Flow | -47.07M | -41.04M | -19.36M | -35.27M | 7.18M | -3.42M |
| Operating Cash Flow | -11.01M | -1.31M | -9.01M | -1.42M | 43.10M | 3.93M |
| Investing Cash Flow | 43.02M | 43.69M | -44.04M | -55.08M | -141.24M | -73.01M |
| Financing Cash Flow | -22.89M | -12.38M | 37.28M | 40.27M | 47.73M | 151.56M |
Fragbite Group AB Technical Analysis
Neutral
5.70
Price Trends
5.37
Positive
5.77
Negative
6.42
Negative
Market Momentum
0.07
Positive
50.90
Neutral
17.12
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FRAG, the sentiment is Neutral. The current price of 5.7 is below the 20-day moving average (MA) of 5.83, above the 50-day MA of 5.37, and below the 200-day MA of 6.42, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 50.90 is Neutral, neither overbought nor oversold. The STOCH value of 17.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:FRAG.
Fragbite Group AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr15.57B | 92.75 | 1.54% | 8.87% | 42.27% | ― | |
63 Neutral | kr461.40M | 19.97 | 5.13% | 3.22% | -19.67% | -68.42% | |
63 Neutral | kr3.40B | -1.67 | ― | ― | -13.65% | 72.95% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | kr1.38B | -0.74 | ― | 18.89% | -11.07% | -734.06% | |
53 Neutral | kr46.20M | 0.75 | 142.30% | ― | -66.04% | ― | |
51 Neutral | kr222.56M | -22.31 | -3.33% | 17.53% | 4.39% | -6331.67% |
* Communication Services Sector Average
SE:FRAG
Fragbite Group AB
5.72
-10.23
-64.14%
SE:MTG.B
Modern Times Group AB
131.70
29.70
29.12%
SE:G5EN
G5 Entertainment AB
62.10
-26.31
-29.76%
SE:MAGI
MAG Interactive AB
8.40
-5.00
-37.31%
SE:SF
Stillfront Group AB
6.57
0.94
16.70%
SE:EG7
Enad Global 7 AB
15.54
1.64
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.