TSXV:BRAG

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Bragg Gaming Group

Executive Summary

Bragg Gaming Group Inc. provides B2B online gaming technology services worldwide. More Details


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

How has Bragg Gaming Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BRAG is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: BRAG's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Canadian stocks.


Market Performance


7 Day Return

-3.9%

BRAG

3.7%

CA Interactive Media and Services

2.8%

CA Market


1 Year Return

190.2%

BRAG

94.6%

CA Interactive Media and Services

-0.3%

CA Market

Return vs Industry: BRAG exceeded the Canadian Interactive Media and Services industry which returned 106.9% over the past year.

Return vs Market: BRAG exceeded the Canadian Market which returned -0.5% over the past year.


Shareholder returns

BRAGIndustryMarket
7 Day-3.9%3.7%2.8%
30 Day-11.9%12.7%10.0%
90 Day57.4%38.8%5.7%
1 Year190.2%190.2%96.1%94.6%3.3%-0.3%
3 Year-55.4%-55.4%35.4%31.8%12.2%1.3%
5 Yearn/a8.6%2.4%49.1%26.2%

Long-Term Price Volatility Vs. Market

How volatile is Bragg Gaming Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bragg Gaming Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BRAG (CA$0.74) is trading below our estimate of fair value (CA$8.17)

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


Price To Earnings Ratio

PE vs Industry: BRAG is unprofitable, so we can't compare its PE Ratio to the CA Interactive Media and Services industry average.

PE vs Market: BRAG is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BRAG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BRAG has negative assets, so we can't compare its PB Ratio to the CA Interactive Media and Services industry average.


Next Steps

Future Growth

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

146.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRAG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BRAG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BRAG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: BRAG's revenue (3.8% per year) is forecast to grow slower than the Canadian market (6.1% per year).

High Growth Revenue: BRAG's revenue (3.8% 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


Next Steps

Past Performance

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

-31.9%

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, and losses have increased over the past 5 years at a rate of 31.9% 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 Interactive Media and Services industry (8.8%).


Return on Equity

High ROE: BRAG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Bragg Gaming Group's financial position?


Financial Position Analysis

Short Term Liabilities: BRAG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: BRAG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: BRAG is debt free.

Reducing Debt: BRAG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 23.5% per year.


Next Steps

Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BRAG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

0.5yrs

Average management tenure


CEO

Adam Arviv

0.25

Tenure

Mr. Adam Joseph Arviv is Interim Chief Executive Officer and Director at Bragg Gaming Group Inc. since August 27, 2020. He is Co-Owner of Legacy Eight Group Ltd. Mr. Arviv was a Co-Owner at Acquisition Gro...


Leadership Team

NamePositionTenureCompensationOwnership
Dominic Mansour
CEO & Director ( Leave of Absence )1.92yrs€1.07mno data
Adam Arviv
Interim CEO & Director0.25yrno data1.71%
€ 1.4m
Ronen Kannor
Chief Financial Officer0.50yrno datano data
Aleksandar Zivkovic
Chief Technology Officer13.33yrs€1.22mno data
Tim Dawson
Investor Relations Officerno datano datano data
Benny Bonsu
Head of Women's Sport at GiveMeSportno datano datano data
Matevz Mazij
Managing Director of Oryx Gaming International LLCno datano data1.76%
€ 1.5m
Yaniv Spielberg
Chief Strategy Officer & Company Secretary0.83yrno data1.73%
€ 1.4m

0.5yrs

Average Tenure

Experienced Management: BRAG's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Dominic Mansour
CEO & Director ( Leave of Absence )1.92yrs€1.07mno data
Adam Arviv
Interim CEO & Director0.25yrno data1.71%
€ 1.4m
James Ryan
Independent Director1.67yrs€206.92kno data
Rob Godfrey
Director1.42yrs€45.52kno data
Sumesh Pathak
Vice Chairman & Lead Independent Director0.17yr€216.36kno data
Richard Carter
Independent Non-Executive Chairman0.17yrno datano data

0.8yrs

Average Tenure

Experienced Board: BRAG's board of directors are not considered experienced ( 0.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 44.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Bragg Gaming Group Inc.
  • Ticker: BRAG
  • Exchange: TSXV
  • Founded:
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: CA$83.138m
  • Shares outstanding: 115.47m
  • Website: https://www.bragg.games

Location

  • Bragg Gaming Group Inc.
  • Exchange Tower
  • Suite 1968
  • Toronto
  • Ontario
  • M5X 1K6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRAGTSXV (TSX Venture Exchange)YesCommon StockCACADApr 2017
SL4ADB (Deutsche Boerse AG)YesCommon StockDEEURApr 2017
BRGG.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 2017

Biography

Bragg Gaming Group Inc. provides B2B online gaming technology services worldwide. It offers turnkey solution, including an omni-channel retail, online, and mobile iGaming platforms, as well as casino conte...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 23:23
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.