Company Valuation: Fractal Gaming Group AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 859 627.5 1,016 978.4 863.4 406.6 - -
Change - -26.95% 61.95% -3.72% -11.75% -52.91% - -
Enterprise Value (EV) 1 985.2 743.1 1,008 927.8 871.9 395.1 391.6 389.6
Change - -24.57% 35.69% -7.99% -6.02% -54.68% -0.89% -0.51%
P/E -148x 53.9x 11.3x 21x 26.9x -14.6x 27.1x 12.5x
PBR 3.22x 2.26x 2.76x 2.35x 2.09x 1.06x 1.02x 0.96x
PEG - -0x 0x -0.4x -0.9x 0x -0x 0x
Capitalization / Revenue 1.79x 1.29x 1.31x 1.4x 1.07x 0.9x 0.68x 0.59x
EV / Revenue 2.06x 1.53x 1.3x 1.33x 1.08x 0.87x 0.65x 0.57x
EV / EBITDA 29.4x 21.9x 7.35x 11x 11.2x 158x 7.83x 5.37x
EV / EBIT 50x 48.6x 8.71x 15.8x 17.4x -16.1x 16.3x 8.76x
EV / FCF -15.5x - - - -70.3x 16.5x 65.3x 23.6x
FCF Yield -6.47% - - - -1.42% 6.07% 1.53% 4.23%
Dividend per Share 2 - - - - - - 0.38 0.62
Rate of return - - - - - - 2.73% 4.45%
EPS 2 -0.2 0.4 3.1 1.6 1.1 -0.955 0.515 1.115
Distribution rate - - - - - - 73.8% 55.6%
Net sales 1 478.6 485.6 773.3 697.9 809.5 453 598.5 688.5
EBITDA 1 33.5 34 137.2 84 77.8 2.5 50 72.5
EBIT 1 19.7 15.3 115.8 58.6 50.2 -24.5 24 44.5
Net income 1 -4.4 10.7 89.6 47.7 32.5 -28 15 32.5
Net Debt 1 126.2 115.6 -7.9 -50.6 8.5 -11.5 -15 -17
Reference price 2 29.50 21.55 34.90 33.60 29.60 13.94 13.94 13.94
Nbr of stocks (in thousands) 29,120 29,120 29,120 29,120 29,171 29,170 - -
Announcement Date 2/10/22 2/9/23 2/8/24 2/6/25 2/5/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-14.6x0.87x158.05x-.--% 42.5M
21.43x1.84x14.56x0.48% 339B
24.74x9.98x17.98x0.35% 192B
18.41x1.79x9.08x1.09% 69.03B
17.61x0.45x8.16x1.82% 51.26B
34.77x6.07x20.67x1.19% 44.29B
39.9x24.48x30.32x1.12% 41.75B
13.15x0.58x7.05x3.67% 29.43B
13.27x0.7x10.4x5.07% 24.06B
28.66x2.96x19.08x2.57% 22.09B
Average 19.73x 4.97x 29.54x 1.74% 81.31B
Weighted average by Cap. 23.04x 5.02x 15.38x 0.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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