Stillfront Group AB (publ), through its subsidiaries, creates, publishes, and distributes digital games in Germany, the United States, France, the United Kingdom, and the Middle East and North Africa region.
The last earnings update was 5 days ago.
Discounted Cash Flow Calculation for DB:1YS using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
DB:1YS DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
Stillfront Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
Stillfront Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Stillfront Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
Stillfront Group's earnings are expected to grow significantly at over 20% yearly.
Stillfront Group's revenue is expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Stillfront Group's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Stillfront Group's finances.
The net worth of a company is the difference between its assets and liabilities.
Stillfront Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Stillfront Group's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Stillfront Group's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is not covered by short term assets, assets are 0.4x debt.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
Mr. Jörgen Larsson has been Chief Executive Officer and President of Stillfront Group AB (publ). He is a Founder of GameRock AB and serves as its Chief Executive Officer. Mr. Larsson is a Founder of ESN, VOIPlay AB & onGolf AB and was been its Chairman since 2004. Mr. Larsson is a Founder of Mind AB. He has been the Chief Executive Officer at Stillfront Group AB (publ)(Acquired) since October 2015. He served as MD of Stillfront Group AB since october 2015 until 2018. He served as a Partner at Deseven Capital AB since 2001 and has managed several ventures within the firm. Mr. Larsson has entrepreneurial experience within professional and private areas and industrial experience since the seventies. From 1997 to 2001, he was the President, Chief Executive Officer of Mind AB. Mr. Larsson managed Mind's organic growth from start up to listed company with 550 employees. From 1995 to 1997, he was a Marketing Executive at Ericsson GSM Market Operations and led sales process of Ericsson GSM systems in western Europe closing contracts exceeding $1000 million. From 1990 to 1994, Mr. Larsson was a Manager at Ericsson Data. He was a Shipping Broker at Nordström & Thulin from 1988 to 1989. He serves as the Chairman at GameRock AB. He was a Director of Stillfront Group AB (publ) since 2007. He holds degrees in Physics, Economy, History and Philosophy Studies from Uppsala University. Mr. Larsson also holds a M.Sc. in Industrial Engineering from Linköping Institute of Technology.
Insufficient data for Jörgen to compare compensation growth.
Insufficient data for Jörgen to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
CEO & President
Co-Founder and Technical Director
Chief Financial Officer
Chief Operating Officer
Head of IR & Communications
Head of M&A
Chief Commercial Officer
Board of Directors
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by Stillfront Group insiders in the past 3 months.
Stillfront Group AB (publ), through its subsidiaries, creates, publishes, and distributes digital games in Germany, the United States, France, the United Kingdom, and the Middle East and North Africa region. Its games portfolio include Call of War, a browser based World War II strategy game; Conflict of Nations: Modern War, a browser based strategy game; eRepublik, a browser based multiplayer online game; Gemstone IV and Dragonrealms, a browser based fantasy games; Goodgame: Big Farm, an online farming strategy game; Goodgame: Big Farm: Mobile Harvest, an online farming strategy game for mobile; Goodgame: EMPIRE, an online strategy game for browser; Goodgame: EMPIRE: Four Kingdoms, an online strategy game for browser. The company’s games portfolio also include Imperia Online, a browser based multiplayer online real-time strategy game; ManagerZone Football & Hockey, a mobile and browser based sports management games; Nida Harb II, a mobile war strategy game; Online Fussball Manager, a sports management game; SIEGE: World War II, a mobile war strategy game; Supremacy 1914, a browser based World War I strategy game; Tank Storm, a mobile war strategy game; Unravel, a puzzle/strategy platform game for console and PC; War and Peace: Civil War, a mobile war strategy game; and World at War, a mobile war strategy game. The company is headquartered in Stockholm, Sweden.
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