NGM:GATE

Stock Analysis Report

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Executive Summary

Three Gates AB (publ) develops games in Sweden. More Details


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: GATE is more volatile than 90% of Swedish stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: GATE's weekly volatility has decreased from 23% to 18% over the past year, but is still higher than 75% of Swedish stocks.


Market Performance


7 Day Return

4.0%

GATE

-6.9%

SE Entertainment

0.6%

SE Market


1 Year Return

-36.9%

GATE

116.8%

SE Entertainment

17.1%

SE Market

Return vs Industry: GATE underperformed the Swedish Entertainment industry which returned 114.2% over the past year.

Return vs Market: GATE underperformed the Swedish Market which returned 16.7% over the past year.


Shareholder returns

GATEIndustryMarket
7 Day4.0%-6.9%0.6%
30 Day-22.8%-9.8%8.0%
90 Day-47.1%1.1%8.3%
1 Year-36.9%-36.9%119.3%116.8%18.9%17.1%
3 Year-93.0%-94.1%195.0%96.6%41.5%26.2%
5 Yearn/a-17.7%-60.7%63.2%31.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: GATE is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GATE is good value based on its PB Ratio (2.5x) compared to the SE Entertainment industry average (3.9x).


Next Steps

Future Growth

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

38.4%

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 Three Gates 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 Three Gates performed over the past 5 years?

-26.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GATE is currently unprofitable.

Growing Profit Margin: GATE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GATE is unprofitable, and losses have increased over the past 5 years at a rate of 26.6% per year.

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

Earnings vs Industry: GATE is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (56.8%).


Return on Equity

High ROE: GATE has a negative Return on Equity (-78.01%), as it is currently unprofitable.


Next Steps

Financial Health

How is Three Gates's financial position?


Financial Position Analysis

Short Term Liabilities: GATE's short term assets (SEK12.4M) do not cover its short term liabilities (SEK26.4M).

Long Term Liabilities: GATE's short term assets (SEK12.4M) exceed its long term liabilities (SEK2.2M).


Debt to Equity History and Analysis

Debt Level: GATE is debt free.

Reducing Debt: GATE had no debt 5 years ago.


Balance Sheet


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: GATE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: GATE has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 14% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Next Steps

Management

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


CEO

Don Geyer (54 yo)

9.83yrs

Tenure

Mr. Don Geyer is Founder of Three Gates AB (publ) and serves as its Managing Director and Director. Mr. Geyer has been Chief Executive OFficer of of Three Gates AB (publ) since 2011. Mr. Geyer has more tha...


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 substantially diluted in the past year, with total shares outstanding growing by 1194.2%.


Top Shareholders

Company Information

Three Gates AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Three Gates AB (publ)
  • Ticker: GATE
  • Exchange: NGM
  • Founded:
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: kr39.386m
  • Shares outstanding: 63.73m
  • Website: https://www.threegates.se

Number of Employees


Location

  • Three Gates AB (publ)
  • S:T Hansgatan 35
  • Visby
  • 621 56
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GATENGM (Nordic Growth Market)YesShare CapitalSESEKSep 2016

Biography

Three Gates AB (publ) develops games in Sweden. The company is based in Visby, Sweden.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 20:14
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
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.