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Technology - Electronic Gaming & Multimedia - NASDAQ - CA
$ 4.165
-1.77 %
$ 104 M
Market Cap
-14.87
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one BRAG stock under the worst case scenario is HIDDEN Compared to the current market price of 4.17 USD, Bragg Gaming Group Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one BRAG stock under the base case scenario is HIDDEN Compared to the current market price of 4.17 USD, Bragg Gaming Group Inc. is HIDDEN

This DCF valuation model was last updated on Jun, 21, 2025.

The intrinsic value of one BRAG stock under the best case scenario is HIDDEN Compared to the current market price of 4.17 USD, Bragg Gaming Group Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart BRAG

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$6.5$6.5$6.0$6.0$5.5$5.5$5.0$5.0$4.5$4.5$4.0$4.0$3.5$3.5$3.0$3.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
102 M REVENUE
9.07%
-3.54 M OPERATING INCOME
-355.98%
-5.15 M NET INCOME
-34.18%
11.2 M OPERATING CASH FLOW
-4.92%
-13.2 M INVESTING CASH FLOW
-35.41%
3.61 M FINANCING CASH FLOW
186.73%
27.2 M REVENUE
3.79%
-654 K OPERATING INCOME
-61.08%
-678 K NET INCOME
-310.91%
2.74 M OPERATING CASH FLOW
-56.67%
-4.31 M INVESTING CASH FLOW
-44.01%
-443 K FINANCING CASH FLOW
71.47%
Balance Sheet Bragg Gaming Group Inc.
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Current Assets 33.2 M
Cash & Short-Term Investments 10.5 M
Receivables 20.1 M
Other Current Assets 2.62 M
Non-Current Assets 73.4 M
Long-Term Investments 0
PP&E 4.85 M
Other Non-Current Assets 68.6 M
9.82 %18.83 %4.55 %64.34 %Total Assets$106.6m
Current Liabilities 29.1 M
Accounts Payable 3.24 M
Short-Term Debt 7.46 M
Other Current Liabilities 18.4 M
Non-Current Liabilities 3.98 M
Long-Term Debt 2.82 M
Other Non-Current Liabilities 1.17 M
9.78 %22.54 %55.65 %8.51 %3.53 %Total Liabilities$33.1m
EFFICIENCY
Earnings Waterfall Bragg Gaming Group Inc.
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Revenue 102 M
Cost Of Revenue 48 M
Gross Profit 54 M
Operating Expenses 57.6 M
Operating Income -3.54 M
Other Expenses 1.6 M
Net Income -5.15 M
120m120m100m100m80m80m60m60m40m40m20m20m00(20m)(20m)102m(48m)54m(58m)(4m)(2m)(5m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
52.98% GROSS MARGIN
52.98%
-3.47% OPERATING MARGIN
-3.47%
-5.05% NET MARGIN
-5.05%
-7.00% ROE
-7.00%
-4.83% ROA
-4.83%
-3.20% ROIC
-3.20%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Bragg Gaming Group Inc.
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5m5m4m4m3m3m2m2m1m1m00(1m)(1m)(2m)(2m)(3m)(3m)(4m)(4m)(5m)(5m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -5.15 M
Depreciation & Amortization 16.9 M
Capital Expenditures -13.2 M
Stock-Based Compensation 809 K
Change in Working Capital -3.84 M
Others 3.49 M
Free Cash Flow -2 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Bragg Gaming Group Inc.
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Wall Street analysts predict an average 1-year price target for BRAG of $6 , with forecasts ranging from a low of $6 to a high of $6 .
BRAG Lowest Price Target Wall Street Target
6 USD 44.06%
BRAG Average Price Target Wall Street Target
6 USD 44.06%
BRAG Highest Price Target Wall Street Target
6 USD 44.06%
Price
Max Price Target
Min Price Target
Average Price Target
7766665555444433Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26Jul '26Jul '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 6
6. Ownership
Insider Ownership Bragg Gaming Group Inc.
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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
7. News
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 leading content and technology provider to the online gaming industry, is pleased to announce the voting results from its annual general meeting of shareholders held on June 17, 2025 (the “Meeting”). At the Meeting, Bragg shareholders voted on the following matters, the full details of which are set out in the Company's management information circular dated May 12, 2025 (the “Circular”), is. businesswire.com - 1 week ago
Bragg Signs Content Development Agreement with Hard Rock Digital TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), a global B2B iGaming content and technology solutions provider, today announced it has signed an agreement with Hard Rock Digital to develop a series of exclusive online casino games titles for its top-rated Hard Rock Bet Casino. This deal further deepens Bragg's existing partnership with the leading operator, which currently offers Bragg's proprietary content from Wild Streak Gaming, Atomic Slot. businesswire.com - 2 weeks ago
Bragg Gaming Provides Update on New Revolving Credit Facility TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), a leading global B2B iGaming content and technology provider, today provided an update to its April 25, 2025 announcement of its intention to secure a new revolving credit facility. Bragg has now obtained requisite approvals from a Schedule I Canadian bank for a Senior Secured Revolving Credit Facility up to USD 6 million (the “Facility”) that will be used for funding working capital, growth initi. businesswire.com - 3 weeks ago
Scott Milford Joins Bragg Gaming Group as EVP, Group Content to Accelerate Global Innovation and Growth in Casino Game Development TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG; TSX: BRAG) (“Bragg” or the “Company”), a global leader in next-generation iGaming content and technology, today proudly announces the appointment of Scott Milford as Executive Vice President, Group Content. This strategic leadership addition underscores Bragg's commitment to sustaining its rapid growth in the United States and globally as a pioneer in online casino game development and gamification. With more than 25 years of experienc. businesswire.com - 3 weeks ago
Bragg Delivers On Player Engagement Focus With Innovative Big Ticket Bonanza Gamification Tool TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”) is proud to announce the launch of the latest gamification-led innovation to its award-winning Fuze ™ marketing and promotional toolset, Big Ticket Bonanza, a new way to engage with players through multiple targeted and bespoke campaigns. Big Ticket Bonanza rewards players with guaranteed-win scratchcards, triggered randomly during normal gameplay (for example while playing a slot game). The scratc. businesswire.com - 1 month ago
Bragg Gaming Group Inc. (BRAG) Q1 2025 Earnings Call Transcript Bragg Gaming Group Inc. (NASDAQ:BRAG ) Q1 2025 Earnings Conference Call May 14, 2025 8:30 AM ET Corporate Participants Matevz Mazij - Chief Executive Officer Robbie Bressler - Interim Chief Financial Officer Conference Call Participants Jordan Bender - Citizens Jeff Stantial - Stifel Gianluca Tucci - Haywood Securities David McFadgen - Cormark Securities Jack Cordera - Maxim Group Aniss Gamassi - Bastion Asset Management Operator Good morning, everyone. My name is Eric and thank you for joining the First Quarter 2025 $for Bragg Gaming Group. seekingalpha.com - 1 month ago
Bragg Gaming Group Reports 7.1% First Quarter 2025 Revenue Rise to EUR 25.5 Million (USD 28.6 Million); 27%¹ Revenue Growth Achieved Excluding the Netherlands TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), a leading content and technology provider to the online gaming industry, today announced its financial results for the first quarter of 2025. The Company delivered diversified revenue growth, significant margin expansion, and strong cash generation, driven by its strategic focus on proprietary content and expansion in key growth markets. Summary of Financial and Operational Highlights            . businesswire.com - 1 month ago
Bragg Gaming Group Appoints Holly Gagnon as Chair of the Board TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), a leading global B2B iGaming content and technology provider, today announced the appointment of Holly Gagnon as Chair of its Board of Directors. Ms. Gagnon, who has served as Lead Director on Bragg's Board of Directors since 2021, succeeds Matevž Mazij in the role. Mr. Mazij will continue to serve as Chief Executive Officer and as a member of the Board of Directors. Ms. Gagnon brings over three d. businesswire.com - 2 months ago
Bragg Gaming Group To Settle USD 5 Million of Secured Promissory Note; Short-term Extension Agreement Reached for Remaining USD 2 Million TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), a leading global B2B iGaming content and technology provider, today announced it has reached an agreement with its lenders, certain entities controlled by Doug Fallon, to repay USD 5 million of its outstanding USD 7 million secured promissory note and to extend the maturity of the remaining USD 2 million until June 6, 2025 (the “Note”). The company is in the process of securing a new revolving cre. businesswire.com - 2 months ago
Here's Why Investors Should Retain Bragg Gaming Stock for Now BRAG is investing in data-driven tools, gamification features and player engagement solutions to drive growth. However, elevated expenses are a concern. zacks.com - 2 months ago
Bragg Gaming Deepens LatAm Roots With RapidPlay Partnership Bragg gains exclusive RapidPlay content, boosting growth in Brazil's booming iGaming market. zacks.com - 2 months ago
Bragg Gaming Partners with and Invests in Brazilian Specialist Online Casino Studio RapidPlay TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) (“Bragg” or the “Company”), a leading global B2B iGaming content and technology provider, today announced the acquisition of a strategic equity stake in, and the signing of an exclusive content partnership with RAPIDPLAY LTD (“RapidPlay”), a specialist Brazilian game development studio renowned for its localized, high-performance online casino content tailored to Brazilian and the broader Latin American market. Founded by a. businesswire.com - 2 months ago
8. Profile Summary

Bragg Gaming Group Inc. BRAG

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COUNTRY CA
INDUSTRY Electronic Gaming & Multimedia
MARKET CAP $ 104 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 502
Officers Giles Potter Chief Marketing Officer Mr. Simon Dudnjik Chief Human Resources Officer Mr. Adam Joseph Arviv Co-Founder & Strategic Advisor Mr. Robert Jeffrey Bressler Chief Financial Officer Tim Dawson Investor Relations Officer Mr. Peter Lavric Chief Technology Officer Mr. Tommaso Di Chio Chief Legal & Compliance Officer Mr. Matevz Mazij Chief Executive Officer & Director Mr. Mark A. Clayton Esq. Interim Company Secretary & Independent Director Mr. Doug Fallon Group Director of Content & Founder, Wild Streak Gaming