Bragg Gaming Group Inc.

DB:SL4 Stock Report

Market Cap: €132.6m

Bragg Gaming Group Valuation

Is SL4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SL4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€2.98
Fair Value
74.3% overvalued intrinsic discount
3
Number of Analysts

Below Fair Value: SL4 (€5.2) is trading above our estimate of fair value (€2.98)

Significantly Below Fair Value: SL4 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SL4?

Key metric: As SL4 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SL4. This is calculated by dividing SL4's market cap by their current revenue.
What is SL4's PS Ratio?
PS Ratio1.4x
Sales€98.20m
Market Cap€132.58m

Price to Sales Ratio vs Peers

How does SL4's PS Ratio compare to its peers?

The above table shows the PS ratio for SL4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.2x
ACX bet-at-home.com
0.4x9.0%€20.5m
TIMA ZEAL Network
6.3x12.3%€951.0m
EMH pferdewetten.de
0.9x21.6%€18.9m
HTG HomeToGo
1.3x15.9%€255.4m
SL4 Bragg Gaming Group
1.4x12.4%€195.6m

Price-To-Sales vs Peers: SL4 is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does SL4's PS Ratio compare vs other companies in the DE Hospitality Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
TUI1 TUI
0.2x3.6%US$4.40b
9UX Hostmore
0.0006xn/aUS$138.43k
No more companies available in this PS range
SL4 1.4xIndustry Avg. 1.1xNo. of Companies4PS00.81.62.43.24+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SL4 is expensive based on its Price-To-Sales Ratio (1.4x) compared to the European Hospitality industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is SL4'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.

SL4 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: SL4 is expensive based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

Analyst Price Targets

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

The above table shows the analyst SL4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.20
€6.90
+32.7%
11.9%€7.98€5.98n/a3
Jan ’26€3.30
€6.18
+87.2%
6.4%€6.74€5.85n/a3
Dec ’25€3.14
€6.18
+96.7%
6.4%€6.74€5.85n/a3
Nov ’25€4.02
€6.81
+69.5%
8.9%€7.63€6.19n/a3
Oct ’25€4.42
€6.81
+54.1%
8.9%€7.63€6.19n/a3
Sep ’25€4.40
€6.81
+54.8%
8.9%€7.63€6.19n/a3
Aug ’25€5.15
€7.85
+52.4%
13.8%€9.47€6.65n/a4
Jul ’25€5.35
€7.89
+47.5%
13.1%€9.47€6.83n/a4
Jun ’25€6.05
€7.88
+30.3%
13.2%€9.47€6.80n/a4
May ’25€5.15
€7.93
+53.9%
13.6%€9.58€6.81n/a4
Apr ’25€5.55
€7.91
+42.6%
13.4%€9.53€6.81n/a4
Mar ’25€4.72
€7.90
+67.3%
17.1%€10.05€6.69n/a4
Feb ’25€5.05
€8.08
+60.0%
15.6%€10.05€6.69€4.765
Jan ’25€4.56
€8.07
+77.0%
15.7%€10.05€6.69€3.305
Dec ’24€4.52
€8.07
+78.6%
15.7%€10.05€6.69€3.145
Nov ’24€4.00
€8.30
+107.5%
15.7%€10.30€6.92€4.025
Oct ’24€4.42
€8.58
+94.1%
14.7%€10.22€6.79€4.424
Sep ’24€4.82
€8.58
+78.0%
14.7%€10.22€6.79€4.404
Aug ’24€4.72
€8.60
+82.2%
14.8%€10.25€6.80€5.154
Jul ’24€2.80
€8.62
+208.0%
15.2%€10.36€6.79€5.354
Jun ’24€3.08
€8.62
+180.0%
15.2%€10.36€6.79€6.054
May ’24€2.94
€8.50
+189.2%
13.9%€9.97€6.80€5.154
Apr ’24€3.14
€8.53
+172.1%
14.7%€10.14€6.75€5.554
Mar ’24€3.63
€8.71
+139.7%
10.2%€9.70€7.28€4.724
Feb ’24€3.30
€8.76
+165.4%
10.9%€9.91€7.28€5.054
Analyst Price Target
Consensus Narrative from 3 Analysts
€6.91
Fair Value
24.8% undervalued intrinsic discount
3
Number of Analysts

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 23:41
End of Day Share Price 2025/02/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bragg Gaming Group Inc. is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael HickeyBenchmark Company
Matthew LeeCanaccord Genuity
David McFadgenCormark Securities Inc.