DB:2AK

Stock Analysis Report

Executive Summary

Spiffbet AB engages in the development of games and platforms in Sweden.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Spiffbet's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2AK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-15.9%

2AK

-8.5%

DE Entertainment

-5.7%

DE Market


1 Year Return

-55.3%

2AK

23.8%

DE Entertainment

6.1%

DE Market

Return vs Industry: 2AK underperformed the German Entertainment industry which returned 23.8% over the past year.

Return vs Market: 2AK underperformed the German Market which returned 6.1% over the past year.


Shareholder returns

2AKIndustryMarket
7 Day-15.9%-8.5%-5.7%
30 Day-13.5%-12.2%-5.7%
90 Day-19.9%-4.3%-3.6%
1 Year-55.3%-55.3%25.5%23.8%9.3%6.1%
3 Yearn/a31.6%25.2%8.9%-0.7%
5 Yearn/a94.4%78.9%13.6%-2.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Spiffbet undervalued compared to its fair value and its price relative to the market?

50.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2AK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2AK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2AK is unprofitable, so we can't compare its PE Ratio to the Entertainment industry average.

PE vs Market: 2AK is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2AK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2AK is overvalued based on its PB Ratio (50.5x) compared to the DE Entertainment industry average (1.3x).


Next Steps

Future Growth

How is Spiffbet forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.0%

Forecasted Media industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Spiffbet has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Spiffbet performed over the past 5 years?

-15.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2AK is currently unprofitable.

Growing Profit Margin: 2AK is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2AK is unprofitable, and losses have increased over the past 5 years at a rate of -15.2% per year.

Accelerating Growth: Unable to compare 2AK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2AK is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (14.9%).


Return on Equity

High ROE: 2AK has a negative Return on Equity (-3618%), as it is currently unprofitable.


Next Steps

Financial Health

How is Spiffbet's financial position?


Financial Position Analysis

Short Term Liabilities: 2AK's short term assets (SEK2.3M) do not cover its short term liabilities (SEK4.6M).

Long Term Liabilities: 2AK's short term assets (SEK2.3M) exceed its long term liabilities (SEK19.0K).


Debt to Equity History and Analysis

Debt Level: 2AK's debt to equity ratio (683.4%) is considered high.

Reducing Debt: Insufficient data to determine if 2AK's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: 2AK has a low level of unsold assets or inventory.

Debt Coverage by Assets: 2AK's debt is not covered by short term assets (assets are 0.8x debt).


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: 2AK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 2AK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -9.3% each year


Next Steps

Dividend

What is Spiffbet's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2AK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 2AK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 2AK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2AK'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 2AK's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.4yrs

Average board tenure


CEO

Henrick Svensson (49yo)

1yrs

Tenure

Mr. Henrick Svensson serves as Director Chief Executive Officer at Spiffbet AB since since May 2019 and February 2019 respectively. 


Board Members

NamePositionTenureCompensationOwnership
Henrick Svensson
CEO & Director1yrsno datano data
Per Ganstrand
CFO & Director0.8yrsno datano data
Karl Trollborg
Chairman of the Board2.1yrsno datano data
Jacob Dalborg
Director4.1yrsno datano data

1.4yrs

Average Tenure

52yo

Average Age

Experienced Board: 2AK's board of directors are not considered experienced ( 1.4 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 27%.


Top Shareholders

Company Information

Spiffbet AB's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Spiffbet AB
  • Ticker: 2AK
  • Exchange: DB
  • Founded: 2011
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: kr23.081m
  • Listing Market Cap: kr2.183m
  • Shares outstanding: 49.00m
  • Website: https://www.spiffx.se

Location

  • Spiffbet AB
  • Karlavägen 60 5tr
  • Stockholm
  • Stockholm County
  • 114 49
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPIFFOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKApr 2015
2AKDB (Deutsche Boerse AG)YesShare CapitalDEEURApr 2015

Biography

Spiffbet AB engages in the development of games and platforms in Sweden. The company was founded in 2011 and is headquartered in Stockholm, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 23:46
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
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.