Starbreeze AB (publ) operates as an independent developer, creator, publisher, and distributor of PC and console products in Sweden and internationally.
High growth potential with mediocre balance sheet.
Share Price & News
How has Starbreeze's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2ST's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2ST exceeded the German Entertainment industry which returned 25.9% over the past year.
Return vs Market: 2ST exceeded the German Market which returned 8.3% over the past year.
Price Volatility Vs. Market
How volatile is Starbreeze's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Starbreeze undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2ST (€0.13) is trading below our estimate of fair value (€1.51)
Significantly Below Fair Value: 2ST is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2ST is unprofitable, so we can't compare its PE Ratio to the Entertainment industry average.
PE vs Market: 2ST 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 2ST's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2ST is overvalued based on its PB Ratio (96.3x) compared to the DE Entertainment industry average (1.3x).
How is Starbreeze forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2ST is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).
Earnings vs Market: 2ST is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 2ST's is expected to become profitable in the next 3 years.
Revenue vs Market: 2ST's revenue (66.1% per year) is forecast to grow faster than the German market (5.1% per year).
High Growth Revenue: 2ST's revenue (66.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 2ST's Return on Equity is forecast to be high in 3 years time
How has Starbreeze performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2ST is currently unprofitable.
Growing Profit Margin: 2ST is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 2ST is unprofitable, and losses have increased over the past 5 years at a rate of -79.5% per year.
Accelerating Growth: Unable to compare 2ST's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2ST is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (14.9%).
Return on Equity
High ROE: 2ST has a negative Return on Equity (-6513.46%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Starbreeze's financial position?
Financial Position Analysis
Short Term Liabilities: 2ST's short term assets (SEK130.8M) do not cover its short term liabilities (SEK401.6M).
Long Term Liabilities: 2ST's short term assets (SEK130.8M) do not cover its long term liabilities (SEK184.2M).
Debt to Equity History and Analysis
Debt Level: 2ST is debt free.
Reducing Debt: 2ST had no debt 5 years ago.
Inventory Level: 2ST has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 2ST's debt is covered by short term assets.
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: 2ST has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 2ST has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Starbreeze's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 2ST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 2ST'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 2ST's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2ST'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 2ST'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 management tenure
Mikael Nermark (49yo)
Mr. Mikael Nermark serves as the Chief Operating Officer of Starbreeze AB (publ) and has been its Acting Chief Executive Officer since December 3, 2018. Mr. Nermark was Deputy Chief Executive Officer at St ...
CEO Compensation Analysis
Compensation vs Market: Mikael's total compensation ($USD370.08K) is about average for companies of similar size in the German market ($USD414.81K).
Compensation vs Earnings: Mikael's compensation has increased whilst the company is unprofitable.
|Acting CEO & COO||1.2yrs||kr3.60m||no data|
|Acting Chief Financial Officer||1.2yrs||no data||no data|
|Chief Technology Officer||6.1yrs||no data||no data|
|Global Human Resources Director||4.1yrs||no data||no data|
|HR Director & Chief People Officer||1.1yrs||no data||no data|
|Chief Commercial Officer||2.6yrs||no data||no data|
|Chief Development Officer||1.8yrs||no data||no data|
|Head of Business & Financial Control||2.1yrs||no data||no data|
|Head of Production||1.1yrs||no data||no data|
Experienced Management: 2ST's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|Director||0.6yrs||no data||no data|
|Independent Chairman of the Board||0.9yrs||no data||no data|
|Independent Director||0.9yrs||no data||no data|
|Independent Director||0.6yrs||no data||no data|
|Independent Director||0.9yrs||no data||no data|
Experienced Board: 2ST's board of directors are not considered experienced ( 0.9 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 3.3%.
Starbreeze AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Starbreeze AB (publ)
- Ticker: 2ST
- Exchange: DB
- Founded: 1998
- Industry: Interactive Home Entertainment
- Sector: Media
- Market Cap: kr652.148m
- Listing Market Cap: kr61.730m
- Shares outstanding: 362.30m
- Website: https://www.starbreeze.com
Number of Employees
- Starbreeze AB (publ)
- Regeringsgatan 38
- Stockholm County
- 111 56
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|STAR B||OM (OMX Nordic Exchange Stockholm)||Yes||Class B Shares||SE||SEK||Aug 2000|
|STBE.F||OTCPK (Pink Sheets LLC)||Yes||Class B Shares||US||USD||Aug 2000|
|STARBS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Class B Shares||GB||SEK||Aug 2000|
|0RUU||LSE (London Stock Exchange)||Yes||Class B Shares||GB||SEK||Aug 2000|
|2ST||DB (Deutsche Boerse AG)||Yes||Class B Shares||DE||EUR||Aug 2000|
|STAR A||OM (OMX Nordic Exchange Stockholm)||Class A Shares||SE||SEK||Jun 2015|
|0RUV||LSE (London Stock Exchange)||Class A Shares||GB||SEK||Jun 2015|
|2STA||DB (Deutsche Boerse AG)||Class A Shares||DE||EUR||Jun 2015|
|STARAS||BATS-CHIXE (BATS 'Chi-X Europe')||Class A Shares||GB||SEK||Jun 2015|
Starbreeze AB (publ) operates as an independent developer, creator, publisher, and distributor of PC and console products in Sweden and internationally. It develops games based on proprietary and third-party rights. The company was founded in 1998 and is headquartered in Stockholm, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 23:52|
|End of Day Share Price||2020/02/24 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.