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BRAG

Bragg Gaming Group TSX:BRAG Stock Report

Last Price

CA$6.84

Market Cap

CA$144.4m

7D

-10.9%

1Y

-28.7%

Updated

17 Aug, 2022

Data

Company Financials +
BRAG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BRAG Stock Overview

Bragg Gaming Group Inc. operates as a technology and content supplier to the gaming industry worldwide.

Bragg Gaming Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bragg Gaming Group
Historical stock prices
Current Share PriceCA$6.84
52 Week HighCA$15.78
52 Week LowCA$5.32
Beta1.11
1 Month Change15.93%
3 Month Change0.89%
1 Year Change-28.68%
3 Year Change131.86%
5 Year Change-66.31%
Change since IPO-76.08%

Recent News & Updates

Shareholder Returns

BRAGCA HospitalityCA Market
7D-10.9%-0.02%1.5%
1Y-28.7%-7.7%2.1%

Return vs Industry: BRAG underperformed the Canadian Hospitality industry which returned -7.4% over the past year.

Return vs Market: BRAG underperformed the Canadian Market which returned 2.1% over the past year.

Price Volatility

Is BRAG's price volatile compared to industry and market?
BRAG volatility
BRAG Average Weekly Movement9.4%
Hospitality Industry Average Movement5.5%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.2%

Stable Share Price: BRAG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: BRAG's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a388Yaniv Shermanhttps://www.bragg.games

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.

Bragg Gaming Group Fundamentals Summary

How do Bragg Gaming Group's earnings and revenue compare to its market cap?
BRAG fundamental statistics
Market CapCA$144.36m
Earnings (TTM)-CA$6.23m
Revenue (TTM)CA$90.40m

1.6x

P/S Ratio

-23.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRAG income statement (TTM)
Revenue€68.79m
Cost of Revenue€32.49m
Gross Profit€36.29m
Other Expenses€41.03m
Earnings-€4.74m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.22
Gross Margin52.76%
Net Profit Margin-6.89%
Debt/Equity Ratio0.2%

How did BRAG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is BRAG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BRAG?

Other financial metrics that can be useful for relative valuation.

BRAG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA-1804.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does BRAG's PS Ratio compare to its peers?

BRAG PS Ratio vs Peers
The above table shows the PS ratio for BRAG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.3x
GH Gamehost
3.1x12.2%CA$189.9m
TNA Evergreen Gaming
1xn/aCA$61.3m
RVLY Rivalry
3.9x65.2%CA$53.7m
PBL Pollard Banknote
1.3x7.0%CA$587.9m
BRAG Bragg Gaming Group
1.6x15.5%CA$144.4m

Price-To-Sales vs Peers: BRAG is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (2.3x).


Price to Earnings Ratio vs Industry

How does BRAG's PE Ratio compare vs other companies in the CA Hospitality Industry?

Price-To-Sales vs Industry: BRAG is good value based on its Price-To-Sales Ratio (1.6x) compared to the Canadian Hospitality industry average (2.8x)


Price to Sales Ratio vs Fair Ratio

What is BRAG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BRAG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio1.5x

Price-To-Sales vs Fair Ratio: BRAG is expensive based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).


Share Price vs Fair Value

What is the Fair Price of BRAG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BRAG (CA$6.84) is trading below our estimate of fair value (CA$39.59)

Significantly Below Fair Value: BRAG is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Bragg Gaming Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


115.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRAG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: BRAG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BRAG is expected to become profitable in the next 3 years.

Revenue vs Market: BRAG's revenue (15.5% per year) is forecast to grow faster than the Canadian market (6.5% per year).

High Growth Revenue: BRAG's revenue (15.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BRAG's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Bragg Gaming Group performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BRAG is currently unprofitable.

Growing Profit Margin: BRAG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BRAG is unprofitable, but has reduced losses over the past 5 years at a rate of 6.2% per year.

Accelerating Growth: Unable to compare BRAG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BRAG is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (17.8%).


Return on Equity

High ROE: BRAG has a negative Return on Equity (-6.65%), as it is currently unprofitable.


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Financial Health

How is Bragg Gaming Group's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: BRAG's short term assets (€23.3M) do not cover its short term liabilities (€23.7M).

Long Term Liabilities: BRAG's short term assets (€23.3M) exceed its long term liabilities (€4.7M).


Debt to Equity History and Analysis

Debt Level: BRAG has more cash than its total debt.

Reducing Debt: BRAG's debt to equity ratio has reduced from 1% to 0.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable BRAG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BRAG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 41.5% per year.


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Dividend

What is Bragg Gaming Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate BRAG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BRAG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BRAG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BRAG's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BRAG has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Yaniv Sherman

0.083yr

Tenure

Mr. Yaniv Sherman serves as Chief Executive Officer at Bragg Gaming Group since July 01, 2022. He serves as Senior Vice President and Head of US at 888 Holdings plc and served its Head of Commercial Develo...


Leadership Team

Experienced Management: BRAG's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: BRAG's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.8%.


Top Shareholders

Company Information

Bragg Gaming Group Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Bragg Gaming Group Inc.
  • Ticker: BRAG
  • Exchange: TSX
  • Founded: NaN
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Implied Market Cap: CA$144.364m
  • Shares outstanding: 21.11m
  • Website: https://www.bragg.games

Number of Employees


Location

  • Bragg Gaming Group Inc.
  • 130 King Street West
  • Suite 1955
  • Toronto
  • Ontario
  • M5X 1E3
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.