Bragg Gaming Group Inc. (NASDAQ:BRAG)

Bragg Gaming Group Inc. BRAG

Technology - Electronic Gaming & Multimedia - NASDAQ - CA

Watchlist

$ 3.08

-1.6 %

$ 76.8 M

Market Cap

-8.56

P/E

1. INTRINSIC VALUE

Bragg Gaming Group Inc. operates as a technology and content supplier to the gaming industry worldwide. The company provides business-to-business online gaming solutions. It offers a range of games, including slot, table, card, video bingo, scratch card, and live dealer games, as well as virtual sports. The company also provides managed operational and marketing services to its iGaming operator customers to complete its turnkey gaming solution. It offers proprietary third-party gaming content, which delivers through a single integrated platform. The company also holds various content distribution rights through partnerships with selected third-party studios. Bragg Gaming Group Inc. is headquartered in Toronto, Canada.[ Read More ]

The intrinsic value of one BRAG stock under the base case scenario is HIDDEN Compared to the current market price of 3.08 USD, Bragg Gaming Group Inc. is HIDDEN

BRAG Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart BRAG

FINANCIALS

Annual
Quarterly

93.5 M REVENUE

Growth Rates

1Year 10.37%

3Years 26.30%

5Years 69.00%

7Years 94.69%

10Years 84.79%

-777 K OPERATING INCOME

Growth Rates

1Year 6.16%

3Years 59.73%

5Years 43.12%

7Years -6.63%

10Years 9.14%

-3.84 M NET INCOME

Growth Rates

1Year -10.10%

3Years 35.77%

5Years 22.74%

7Years -2.23%

10Years -6.61%

11.5 M OPERATING CASH FLOW

Growth Rates

1Year 99.91%

3Years 19.56%

5Years 36.83%

7Years 29.95%

10Years 26.16%

-9.72 M INVESTING CASH FLOW

Growth Rates

1Year 42.38%

3Years -51.85%

5Years -54.65%

7Years -141.08%

10Years -59.74%

-4.17 M FINANCING CASH FLOW

Growth Rates

1Year -59.43%

3Years -5.88%

5Years -14.18%

7Years -13.07%

10Years -12.60%

24.9 M REVENUE

Growth Rates

1Year 10.37%

3Years 26.30%

5Years 69.00%

7Years 94.69%

10Years 84.79%

-1.22 M OPERATING INCOME

Growth Rates

1Year 6.16%

3Years 59.73%

5Years 43.12%

7Years -6.63%

10Years 9.14%

-2.4 M NET INCOME

Growth Rates

1Year -10.10%

3Years 35.77%

5Years 22.74%

7Years -2.23%

10Years -6.61%

-652 K OPERATING CASH FLOW

Growth Rates

1Year 99.91%

3Years 19.56%

5Years 36.83%

7Years 29.95%

10Years 26.16%

-3.12 M INVESTING CASH FLOW

Growth Rates

1Year 42.38%

3Years -51.85%

5Years -54.65%

7Years -141.08%

10Years -59.74%

6.3 M FINANCING CASH FLOW

Growth Rates

1Year -59.43%

3Years -5.88%

5Years -14.18%

7Years -13.07%

10Years -12.60%

Balance Sheet Decomposition Bragg Gaming Group Inc.

103 M ASSETS
33.1 M LIABILITIES

Current Assets	29.1 M
Cash & Short-Term Investments	8.8 M
Receivables	18.6 M
Other Current Assets	1.66 M
Non-Current Assets	74 M
Long-Term Investments	83.6 K
PP&E	3.87 M
Other Non-Current Assets	70 M

Current Liabilities	27.9 M
Accounts Payable	7.5 M
Short-Term Debt	709 K
Other Current Liabilities	19.7 M
Non-Current Liabilities	5.2 M
Long-Term Debt	2.57 M
Other Non-Current Liabilities	2.63 M

EFFICIENCY

Earnings Waterfall Bragg Gaming Group Inc.

Revenue	93.5 M
Cost Of Revenue	43.6 M
Gross Profit	49.9 M
Operating Expenses	50.7 M
Operating Income	-777 K
Other Expenses	3.06 M
Net Income	-3.84 M

RATIOS

53.40% GROSS MARGIN

Averages

1Year 53.40%

3Years 51.72%

5Years 48.78%

7Years 48.64%

10Years 61.23%

-0.83% OPERATING MARGIN

Averages

1Year -0.83%

3Years -4.23%

5Years -13.74%

7Years -42.38%

10Years -109.72%

-4.10% NET MARGIN

Averages

1Year -4.10%

3Years -7.03%

5Years -19.48%

7Years -49.22%

10Years -137.83%

-5.48% ROE

Averages

1Year -5.48%

3Years -7.28%

5Years -47.79%

7Years -44.75%

10Years -145.97%

-3.71% ROA

Averages

1Year -3.71%

3Years -5.35%

5Years -12.70%

7Years -47.97%

10Years -49.60%

-1.46% ROIC

Averages

1Year -1.46%

3Years -4.73%

5Years -35.11%

7Years -1.99%

10Years -85.80%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Bragg Gaming Group Inc.

Net Income	-3.84 M
Depreciation & Amortization	13 M
Capital Expenditures	-9.7 M
Stock-Based Compensation	2.06 M
Change in Working Capital	-455 K
Others	-707 K
Free Cash Flow	1.8 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Bragg Gaming Group Inc.

BRAG has no price targets from Wall Street.

4. DIVIDEND ANALYSIS

0.00% DIVIDEND YIELD

0 USD DIVIDEND PER SHARE

5. COMPETITION

Snail, Inc., together with its subsidiaries, develops, markets, publishes, and distributes interactive digital entertainment for consumers worldwide. It offers games, content, and support for various platforms, including game consoles, personal computers, mobile phones, and tablets.

3.72 USD

SNAL

Undervalued 212.57%

PLAYSTUDIOS, Inc. develops and publishes free-to-play casual games for mobile and social platforms in the United States, North America, and internationally.

3.78 USD

MYPS

Undervalued 119.83%

GDEV Inc. operates as a gaming and entertainment company in the United States, Europe, Asia, and internationally. It develops desktop, mobile, web, and social games.

45.8 USD

GDEV

Undervalued 75.68%

DoubleDown Interactive Co., Ltd. engages in the development and publishing of digital games on mobile and web-based platforms for casual players in South Korea.

27.9 USD

DDI

Undervalued 79.94%

Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region and Europe.

2.98 USD

GMGI

Undervalued 19.88%

Engine Gaming and Media, Inc., together with its subsidiaries, engages in the development and sale of gaming applications. The company provides e-sport or sporting event or tournament services; offers content management system, video software, mobile applications, and e-sports data platform solutions; sources, creates, and places advertising campaigns that run the company's network of publisher sites; and provides installation and website design services, as well as data analysis report delivery services.

-0.000586 USD

GAME

Overvalued 100.07%

6. Ownership

Insider Ownership Bragg Gaming Group Inc.

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price

7. News

Bragg Gaming Group Inc. (BRAG) Q3 2024 Earnings Call Transcript Bragg Gaming Group Inc. (NASDAQ:BRAG ) Q3 2024 Earnings Conference Call November 14, 2024 8:30 AM ET Company Participants Matevz Mazij - Chief Executive Officer Robbie Bressler - Interim Chief Financial Officer Conference Call Participants Jordan Bender - Citizens JMP Gianluca Tucci - Haywood Securities Jack Codera - Maxim Group Operator Good morning, everyone. My name is Sarah, and thank you for joining the Third Quarter of 2024 Earnings Conference Call for Bragg Gaming Group. seekingalpha.com - 2 days ago

Bragg Gaming Group Announces Record Third Quarter 2024 Revenue of EUR 26.2 Million (USD 29.3 Million) TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) ("Bragg" or the "Company"), a global B2B content-driven iGaming technology provider, today reported record revenue for the third quarter of 2024. Summary of 3Q24 Financial and Operational Highlights Euros (millions)(1) 3Q24 3Q23 Change Revenue € 26.2 € 22.6 15.9 % Gross profit € 14.0 € 11.9 18.1 % Gross profit margin 53.5 % 52.5 % 99 bps Adjusted EBITDA(2) € 4.1 € 3.8 . businesswire.com - 2 days ago

Bragg Gaming Group to Release Third Quarter 2024 Results on November 14 TORONTO--(BUSINESS WIRE)--Bragg Gaming Group Inc. ( NASDAQ: BRAG , TSX: BRAG ) (“ Bragg ” or the “ Company”), a global B2B iGaming content and technology solutions provider, announced today that it will release its third quarter 2024 financial results prior to the opening of the financial markets on Thursday, November 14, 2024. The release will be followed by a conference call at 8:30 a.m. Eastern Time, hosted by Bragg Chief Executive Officer, Matevž Mazij and interim Chief Financial Officer, R. businesswire.com - 2 weeks ago

Keynotes and 50 Companies to Present at the Planet MicroCap Showcase: VANCOUVER in association with Small Cap Discoveries on September 25-26, 2024 at the Fairmont Waterfront Vancouver VANCOUVER, BC / ACCESSWIRE / September 24, 2024 / Planet MicroCap presents the Planet MicroCap Showcase: VANCOUVER taking place on September 25-26, 2024, where 50 MicroCap public and private companies will be presenting at the Fairmont Waterfront Vancouver in Vancouver, BC. Event website: www.PlanetMicroCapShowcase.com The Planet MicroCap Showcase begins on Wednesday, September 25, 2024 with back to back keynotes from Paul Andreola, Founder and Editor of Small Cap Discoveries, and Brent Todd, Senior Investment Advisor at Canaccord Genuity Wealth Management, followed by 50 MicroCap public and private company presentations and 1x1 meetings on September 25 and 26. accesswire.com - 1 month ago

Bragg Gaming Group Inc. (BRAG) Q2 2024 Earnings Call Transcript Bragg Gaming Group Inc. (NASDAQ:BRAG ) Q2 2024 Earnings Call August 8, 2024 8:30 AM ET Company Participants Matevz Mazij - Chief Executive Officer Robbie Bressler - Interim Chief Financial Officer Conference Call Participants Gianluca Tucci - Haywood Securities Jack Vander Aarde - Maxim Group Operator Good morning, everyone. My name is Jayel and thank you for joining the Second Quarter of 2024 Earnings Conference Call for Bragg Gaming Group. seekingalpha.com - 3 months ago

Bragg Gaming Group Announces Record Second Quarter 2024 Revenue of EUR 24.9 Million (USD 26.6 Million) TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) ("Bragg" or the "Company"), a global B2B content-driven iGaming technology provider, today reported record revenue for the second quarter of 2024. Summary of 2Q24 Financial and Operational Highlights Euros (millions)(1) 2Q24 2Q23 Change Revenue € 24.9 € 24.7 0.5 % Gross profit € 12.4 € 13.8 (10.3) % Gross profit margin 49.9 % 55.9 % (600) bps Adjusted EBITDA(2) € 3.6 € 4.7 (23.8) % Adjusted EB. businesswire.com - 3 months ago

Bragg Gaming: Q2 Is Comparing Against All-Time High Performance Bragg Gaming Group is going to report Q2 results, which will be compared against an all-time high financial performance. Underlying growth momentum remains good with game launches and new partnerships, but a renegotiation with a key partner has weakened the margin outlook. Bragg Gaming Group stock's valuation remains cheap, and the potential of being acquired, or a merger, poses further short- to mid-term upside. seekingalpha.com - 3 months ago

Bragg Gaming (BRAG) Unveils 6th PAM Client in the Netherlands Bragg Gaming (BRAG) offers its PAM software to Hard Rock Digital for the launch of HardRockCasino.nl, marking its sixth PAM customer in the Netherlands. zacks.com - 4 months ago

Bragg Gaming Full Turnkey Solution Powers Hard Rock Casino Brand in The Netherlands SLIEMA, Malta--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”) has launched HardRockCasino.nl in the Dutch market, supplying its cutting-edge player account management (PAM) software to the brand. The agreement marks Bragg's 6th PAM client in the Netherlands, reinforcing Bragg's status as the leading technology and content supplier in the Dutch market. Hard Rock Casino NL will also benefit from Bragg's full suite of managed services which include 24/7 cu. businesswire.com - 4 months ago

Bragg Gaming Group Announces Results From Annual Meeting of Shareholders TORONTO--(BUSINESS WIRE)--Bragg Gaming Group Inc. (NASDAQ: BRAG, TSX: BRAG) ("Bragg" or the "Company"), a global B2B gaming technology and content provider, is pleased to announce the voting results from its annual general meeting of shareholders held on June 27, 2024 (the “Meeting”). All nominees set forth in the Company's management information circular dated May 21, 2024 (the "Circular") were elected as directors of the Company at the Meeting. Detailed results of the votes are set out below:. businesswire.com - 4 months ago

8. Profile Summary

Bragg Gaming Group Inc. BRAG

COUNTRY CA

INDUSTRY Electronic Gaming & Multimedia

MARKET CAP $ 76.8 M

Dividend Yield 0.00%

Description Bragg Gaming Group Inc. operates as a technology and content supplier to the gaming industry worldwide. The company provides business-to-business online gaming solutions. It offers a range of games, including slot, table, card, video bingo, scratch card, and live dealer games, as well as virtual sports. The company also provides managed operational and marketing services to its iGaming operator customers to complete its turnkey gaming solution. It offers proprietary third-party gaming content, which delivers through a single integrated platform. The company also holds various content distribution rights through partnerships with selected third-party studios. Bragg Gaming Group Inc. is headquartered in Toronto, Canada.

Contact 130 King Street West, Toronto, ON, M5X 1E3 https://www.bragg.games

IPO Date March 27, 2018

Employees 466

Officers Mr. Robert Jeffrey Bressler Interim Chief Financial Officer Giles Potter Chief Marketing Officer Mr. Doug Fallon Group Director of Content & Founder, Wild Streak Gaming Mr. Neill Whyte Chief Commercial Officer Mr. Mark A. Clayton Esq. Interim Company Secretary & Independent Director Mr. Simon Dudnjik Chief Human Resources Officer Mr. Adam Joseph Arviv Co-Founder & Strategic Advisor Mr. Peter Lavric Chief Technology Officer Tim Dawson Investor Relations Officer Mr. Matevz Mazij Chief Executive Officer and Chair of the Board

Price Chart BRAG

Bragg Gaming Group Inc. BRAG

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