Fragbite Group AB (FRAG) AI Stock Analysis

• Market Cap: kr98.73M
• Dividend Yield: N/A
• Average Volume (3M): 31.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: -12.12%
• EPS Growth: 23.81%
• Country: SE
• Employees: 75
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -6.27
• Shares Outstanding: 7,340,223
• 10 Day Avg. Volume: 26,084
• 30 Day Avg. Volume: 31,289
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr13.08
• Price Target Upside: -2.76% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: kr13.00 ▼(-3.35% Downside)

The overall stock score is primarily impacted by the company's poor financial performance, which is a significant concern. However, the positive technical analysis provides some optimism, suggesting potential short-term trading opportunities. The valuation remains unattractive due to negative earnings and no dividend yield.

Fragbite Group AB Business Overview & Revenue Model

Company Description

Fragbite Group AB (FRAG) is a Swedish company specializing in esports and gaming entertainment. It operates within the digital media and entertainment sectors, providing a variety of services and content aimed at gaming enthusiasts. The company focuses on creating, distributing, and monetizing engaging gaming content through its platforms and media channels.

How the Company Makes Money

Fragbite Group AB makes money through a combination of advertising revenue, sponsorship deals, and content distribution agreements. The company leverages its platforms to host esports tournaments and gaming events which attract significant viewership, thereby generating advertising revenue from brands looking to reach a gaming audience. Additionally, Fragbite Group partners with gaming publishers and developers to create exclusive content, which can lead to revenue sharing or licensing fees. Sponsorships from companies wanting to associate with popular esports events also contribute to the company's earnings. The diverse avenues for monetization within the gaming and esports ecosystem form the backbone of Fragbite Group's revenue model.

Fragbite Group AB Financial Statement Overview

Summary

Fragbite Group AB faces significant financial challenges, with declining revenues and persistent losses. The company has negative margins across key metrics, financial instability with negative equity, and cash flow issues. These factors indicate a need for substantial improvement in financial health.

Income Statement

The income statement shows a declining trend in revenue with a negative revenue growth rate of -2.96% TTM. The company has been struggling with profitability, as evidenced by negative net profit margins and EBIT margins over the periods. Despite a relatively strong gross profit margin of 49.51% TTM, the net income remains negative, indicating challenges in managing operating expenses and achieving profitability.

Balance Sheet

The balance sheet reflects financial instability with negative stockholders' equity TTM, leading to an undefined debt-to-equity ratio. The return on equity is also negative, indicating that the company is not generating positive returns on its equity. The equity ratio is not calculable due to negative equity, highlighting potential solvency issues.

Cash Flow

The cash flow statement indicates negative operating cash flow and free cash flow TTM, with a significant decline in free cash flow growth. The operating cash flow to net income ratio is negative, suggesting inefficiencies in converting net income into cash. However, the free cash flow to net income ratio is positive, indicating some ability to generate cash relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	201.88M	213.23M	237.20M	254.06M	124.04M	4.60M
Gross Profit	90.61M	118.36M	103.94M	72.70M	42.78M	6.42M
EBITDA	11.42M	7.79M	8.88M	11.91M	-10.48M	-13.44M
Net Income	-129.54M	-128.98M	-53.15M	-103.11M	-50.40M	-22.80M
Balance Sheet
Total Assets	98.66M	193.06M	984.52M	383.00M	304.26M	72.26M
Cash, Cash Equivalents and Short-Term Investments	4.98M	9.41M	25.05M	40.99M	87.46M	4.86M
Total Debt	9.92M	29.18M	40.40M	56.85M	46.49M	0.00
Total Liabilities	99.84M	112.17M	838.45M	221.49M	101.00M	4.60M
Stockholders Equity	-1.17M	80.89M	146.07M	161.51M	203.25M	67.66M
Cash Flow
Free Cash Flow	-27.54M	-19.36M	-35.27M	7.18M	-3.42M	-17.60M
Operating Cash Flow	-4.72M	-9.01M	-1.42M	43.10M	3.93M	-10.36M
Investing Cash Flow	-28.94M	-44.04M	-55.08M	-141.24M	-73.01M	3.05M
Financing Cash Flow	32.11M	37.28M	40.27M	47.73M	151.56M	10.71M

Fragbite Group AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FRAG, the sentiment is Positive. The current price of 13.45 is above the 20-day moving average (MA) of 13.05, above the 50-day MA of 12.01, and above the 200-day MA of 8.39, indicating a bullish trend. The MACD of 0.59 indicates Positive momentum. The RSI at 53.47 is Neutral, neither overbought nor oversold. The STOCH value of 40.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:FRAG.

Fragbite Group AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRAG	51 Neutral	kr98.73M	―	-295.85%	―	-12.12%	23.81%
NITRO	44 Neutral	37.69M	-78.34	-2.98%	―	-11.59%	98.18%
GCOR	41 Neutral	152.71M	-3.47	0.00%	―	31.74%	21.54%
THUNDR	41 Neutral	89.73M	-0.03	-136.69%	―	-86.73%	36.81%
QIIWI	39 Underperform	24.23M	-4.26	0.00%	―	-38.91%	78.01%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%