Spiffbet AB engages in the development of games and platforms in Sweden.
+ 3 more risks
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.
7 Day Return
1 Year Return
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.
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
Is Spiffbet undervalued compared to its fair value and its price relative to the market?
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).
How is Spiffbet forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Take a look at our analysis of 2AK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Spiffbet competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Media industry.
How has Spiffbet performed over the past 5 years?
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.
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.
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
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Henrick Svensson (49yo)
Mr. Henrick Svensson serves as Director Chief Executive Officer at Spiffbet AB since since May 2019 and February 2019 respectively.
|CEO & Director||1yrs||no data||no data|
|CFO & Director||0.8yrs||no data||no data|
|Chairman of the Board||2.1yrs||no data||no data|
|Director||4.1yrs||no data||no data|
Experienced Board: 2AK's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27%.
Spiffbet AB's company bio, employee growth, exchange listings and data sources
- 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
- Spiffbet AB
- Karlavägen 60 5tr
- Stockholm County
- 114 49
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SPIFF||OM (OMX Nordic Exchange Stockholm)||Yes||Share Capital||SE||SEK||Apr 2015|
|2AK||DB (Deutsche Boerse AG)||Yes||Share Capital||DE||EUR||Apr 2015|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 23:46|
|End of Day Share Price||2020/02/25 00:00|
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.