Embracer Group (DB:TH9) - Stock Price, News & Analysis

TH9 Stock Overview

Develops and publishes PC, console, mobile, VR, and board games for the games market worldwide.

TH9 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 66.5% below our estimate of its fair value

Earnings are forecast to grow 103.8% per year

Trading at good value compared to peers and industry

Risk Analysis

No risks detected for TH9 from our risk checks.

Embracer Group AB (publ) Competitors

CTS Eventim KGaA

XTRA:EVD

€8.9b

Ströer SE KGaA

XTRA:SAX

€3.2b

Beyond Frames Entertainment

DB:8WP

€20.8m

Scout24

XTRA:G24

€5.7b

Price History & Performance

Summary of all time highs, changes and price drops for Embracer Group
Historical stock prices
Current Share Price	SEK 2.32
52 Week High	SEK 2.67
52 Week Low	SEK 1.32
Beta	0.53
11 Month Change	11.71%
3 Month Change	15.90%
1 Year Change	23.72%
33 Year Change	-71.24%
5 Year Change	-36.72%
Change since IPO	388.34%

Recent updates

Shareholder Returns

	TH9	DE Entertainment	DE Market
7D	0.8%	5.7%	4.5%
1Y	23.7%	64.8%	13.4%

Return vs Industry: TH9 underperformed the German Entertainment industry which returned 64.8% over the past year.

Return vs Market: TH9 exceeded the German Market which returned 13.4% over the past year.

Price Volatility

Is TH9's price volatile compared to industry and market?
TH9 volatility
TH9 Average Weekly Movement	6.7%
Entertainment Industry Average Movement	7.0%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	11.6%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: TH9 has not had significant price volatility in the past 3 months.

Volatility Over Time: TH9's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	10,844	Lars Wingefors	www.embracer.com

Embracer Group AB (publ), together with its subsidiaries, develops and publishes PC, console, mobile, VR, and board games for the games market worldwide. The company also publishes films and comic books, as well as engages in the trading of card games. It distributes games through retailers, physical stores, and digital distributors.

Embracer Group AB (publ) Fundamentals Summary

How do Embracer Group's earnings and revenue compare to its market cap?
TH9 fundamental statistics
Market cap	€3.19b
Earnings (TTM)	-€2.01b
Revenue (TTM)	€3.53b

0.9x

P/S Ratio

-1.6x

P/E Ratio

Is TH9 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TH9 income statement (TTM)
Revenue	SEK 39.83b
Cost of Revenue	SEK 11.07b
Gross Profit	SEK 28.76b
Other Expenses	SEK 51.37b
Earnings	-SEK 22.61b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 14, 2024

Earnings per share (EPS)	-16.75
Gross Margin	72.22%
Net Profit Margin	-56.77%
Debt/Equity Ratio	34.5%

How did TH9 perform over the long term?

See historical performance and comparison

TH9 Stock Overview

Rewards

Risk Analysis

Embracer Group AB (publ) Competitors

XTRA:EVD

€8.9b

XTRA:SAX

€3.2b

DB:8WP

€20.8m

XTRA:G24

€5.7b

Price History & Performance

Recent News & Updates

Embracer Group AB (Publ) Announces Director Changes

First quarter 2025 earnings released: kr1.80 loss per share (vs kr1.99 profit in 1Q 2024)

Full year 2024 earnings released: kr15.28 loss per share (vs kr4.17 profit in FY 2023)

Take-Two Interactive Software, Inc. (NasdaqGS:TTWO) completed the acquisition of The Gearbox Entertainment Company, Inc. from Embracer Group AB (publ) (OM:EMBRAC B).

Full year 2024 earnings released: kr15.28 loss per share (vs kr4.17 profit in FY 2023)

Embracer Group AB (publ) to Report Q4, 2024 Results on May 23, 2024

Recent updates

Embracer Group AB (Publ) Announces Director Changes

First quarter 2025 earnings released: kr1.80 loss per share (vs kr1.99 profit in 1Q 2024)

Full year 2024 earnings released: kr15.28 loss per share (vs kr4.17 profit in FY 2023)

Take-Two Interactive Software, Inc. (NasdaqGS:TTWO) completed the acquisition of The Gearbox Entertainment Company, Inc. from Embracer Group AB (publ) (OM:EMBRAC B).

Full year 2024 earnings released: kr15.28 loss per share (vs kr4.17 profit in FY 2023)

Embracer Group AB (publ) to Report Q4, 2024 Results on May 23, 2024

Investor sentiment improves as stock rises 16%

Take-Two Interactive Software, Inc. (NasdaqGS:TTWO) entered into a definitive agreement to acquire The Gearbox Entertainment Company, Inc. from Embracer Group AB (publ) (OM:EMBRAC B) for $460 million.

Investor sentiment improves as stock rises 20%

Embracer Group AB Announces Appointment of Nomination Committee

Embracer Group AB Announces Committee Appointments

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 16%

Investor sentiment deteriorates as stock falls 20%

Third quarter 2024 earnings released: kr1.44 loss per share (vs kr1.39 profit in 3Q 2023)

Embracer Group AB (publ) to Report Fiscal Year 2024 Results on Jun 20, 2024

Embracer Group AB (publ), Annual General Meeting, Sep 19, 2024

Investor sentiment deteriorates as stock falls 15%

Investor sentiment improves as stock rises 16%

Second quarter 2024 earnings released: kr0.47 loss per share (vs kr2.21 profit in 2Q 2023)

Investor sentiment deteriorates as stock falls 17%

Embracer Reportedly Weighs Options for Gearbox Entertainment

New major risk - Revenue and earnings growth

Embracer Group AB (publ) to Report Q2, 2024 Results on Nov 16, 2023

First quarter 2024 earnings released

Interim COO & Director recently bought €2.5m worth of stock

Investor sentiment improves as stock rises 15%

Embracer Group AB (publ) to Report Q2, 2023 Results on Aug 17, 2023

Embracer Group AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 2 billion.

Investor sentiment deteriorates as stock falls 15%

Embracer Group AB (publ), Annual General Meeting, Sep 21, 2023

Full year 2023 earnings released: EPS: kr4.17 (vs kr1.08 in FY 2022)

Co-Founder & CEO of Koch Media recently bought €370k worth of stock

Embracer Group Announces Management Changes

Embracer Group Announces Executive Changes

New minor risk - Earnings quality

Insider recently bought €7.0k worth of stock

Investor sentiment deteriorates as stock falls 40%

Director recently bought €12m worth of stock

Full year 2023 earnings released

Insufficient new directors

Third quarter 2023 earnings released

Embracer Group Appoints Careen Yapp as Chief Strategic Partnerships Officer

Embracer Group AB (Publ) Announces Nomination Committee Appointment for Company's Annual General Meeting 2023

Second quarter 2023 earnings released

Embracer Group AB (publ) (OM:EMBRAC B) completed the acquisition of Crystal Dynamics, Inc. and Eidos Interactive Corporation from Eidos, Inc. and Square Enix Ltd.

First quarter 2023 earnings released

Embracer Group AB (publ) (OM:EMBRAC B) acquired Goodbetterbest Ltd.

Full year 2022 earnings released: kr4.15 loss per share (vs kr0.36 profit in FY 2021)

Embracer Group AB (publ) Announces Management Changes

Full year 2022 earnings released: kr3.94 loss per share (vs kr0.36 profit in FY 2021)

Embracer Group AB (publ) Provides Earnings Guidance for the Year 2022-23 and 2023-24

Embracer Group AB (publ) (OM:EMBRAC B) entered into an agreement to acquire Crystal Dynamics, Inc. and Eidos Interactive Corporation from Eidos, Inc. and Square Enix Ltd. for $300 million

Embracer Group AB (publ) to Report Q1, 2023 Results on Aug 18, 2022

Director recently bought €1.5m worth of stock

Embracer Group AB (publ) to Report Q2, 2023 Results on Nov 17, 2022

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

CEO & Founder of DECA Games recently sold €7.3m worth of stock

Embracer Group AB (publ) (OM:EMBRAC B) agreed to acquire Dark Horse Media, LLC from Neil Hankerson, Mike Richardson and a seller from Hong Kong and China.