OM:MAGI

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MAG Interactive

Executive Summary

MAG Interactive AB (publ) develops and publishes casual mobile games worldwide. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0.4%

MAGI

-5.0%

SE Entertainment

-6.1%

SE Market


1 Year Return

69.1%

MAGI

158.4%

SE Entertainment

6.9%

SE Market

Return vs Industry: MAGI underperformed the Swedish Entertainment industry which returned 136.9% over the past year.

Return vs Market: MAGI exceeded the Swedish Market which returned 6.2% over the past year.


Shareholder returns

MAGIIndustryMarket
7 Day0.4%-5.0%-6.1%
30 Day5.4%-3.1%-6.6%
90 Day23.7%22.6%1.6%
1 Year69.1%69.1%158.9%158.4%8.9%6.9%
3 Yearn/a266.4%149.9%22.5%9.3%
5 Yearn/a37.0%-47.0%46.4%17.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.98x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: MAGI (SEK22.9) is trading above our estimate of fair value (SEK4.22)

Significantly Below Fair Value: MAGI is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: MAGI 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 MAGI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MAGI is good value based on its PB Ratio (1.9x) compared to the SE Entertainment industry average (5.8x).


Next Steps

Future Growth

How is MAG Interactive forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

132.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAGI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).

Earnings vs Market: MAGI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MAGI's is expected to become profitable in the next 3 years.

Revenue vs Market: MAGI's revenue (11.5% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: MAGI's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAGI's Return on Equity is forecast to be low in 3 years time (4.2%).


Next Steps

Past Performance

How has MAG Interactive performed over the past 5 years?

-25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAGI is currently unprofitable.

Growing Profit Margin: MAGI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MAGI is unprofitable, and losses have increased over the past 5 years at a rate of 25.8% per year.

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

Earnings vs Industry: MAGI is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (-4%).


Return on Equity

High ROE: MAGI has a negative Return on Equity (-5.53%), as it is currently unprofitable.


Next Steps

Financial Health

How is MAG Interactive's financial position?


Financial Position Analysis

Short Term Liabilities: MAGI's short term assets (SEK199.1M) exceed its short term liabilities (SEK39.6M).

Long Term Liabilities: MAGI's short term assets (SEK199.1M) exceed its long term liabilities (SEK58.6M).


Debt to Equity History and Analysis

Debt Level: MAGI is debt free.

Reducing Debt: MAGI 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: Whilst unprofitable MAGI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: MAGI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 32.4% per year.


Next Steps

Dividend

What is MAG Interactive current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate MAGI'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 MAGI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MAGI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MAGI is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MAGI'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?

3.8yrs

Average management tenure


CEO

Daniel Hasselberg (47 yo)

7.75yrs

Tenure

kr2,811,000

Compensation

Mr. Daniel Hasselberg serves as Director of Sonetel AB (publ) since December 19, 2018. He Co-Founded MAG Interactive AB (publ) in 2013 and serves as its Chief Executive Officer. Mr. Hasselberg has been a D ...


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD317.89K) is above average for companies of similar size in the Swedish market ($USD234.09K).

Compensation vs Earnings: Daniel's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Hasselberg
Co-Founder7.75yrskr2.81m11.77%
SEK 69.7m
Magnus Wiklander
Chief Financial Officer3.75yrsno datano data
Kaj Nygren
Chief Technology Officer10.75yrsno data11.44%
SEK 67.8m
Tove Bengtsson
Marketing Communications Managerno datano datano data
Patric Blixt
Chief Marketing Officer2.17yrsno data0.076%
SEK 448.0k
Sara Hjärtberg
Head of People & Culture1.75yrsno data0.018%
SEK 106.8k
Johan Persson
Chief Product Officer10.75yrsno data5.67%
SEK 33.6m
Magnus Holmström
Head of Production0.83yrno datano data

3.8yrs

Average Tenure

47yo

Average Age

Experienced Management: MAGI's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel Hasselberg
Co-Founder7.75yrskr2.81m11.77%
SEK 69.7m
Birgitta Göransson
Independent Chairman of the Board2.75yrskr267.00k0.13%
SEK 784.0k
Teemu Huuhtanen
Independent Director7.75yrskr200.00kno data
Taina Malén
Independent Director2.75yrskr133.00kno data
Andras Vajlok
Independent Director2.75yrskr133.00k1.89%
SEK 11.2m
Asbjørn Søndergaard
Independent Director0.75yrno datano data

2.8yrs

Average Tenure

49.5yo

Average Age

Experienced Board: MAGI's board of directors are not considered experienced ( 2.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: MAG Interactive AB (publ)
  • Ticker: MAGI
  • Exchange: OM
  • Founded: 2010
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: kr592.584m
  • Shares outstanding: 26.45m
  • Website: https://www.maginteractive.com

Number of Employees


Location

  • MAG Interactive AB (publ)
  • Drottninggatan 95A
  • Stockholm
  • Stockholm County
  • 113 60
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAGIOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKDec 2017
0GJ1LSE (London Stock Exchange)YesOrdinary SharesGBSEKDec 2017
MHKMUN (Boerse Muenchen)YesOrdinary SharesDEEURDec 2017

Biography

MAG Interactive AB (publ) develops and publishes casual mobile games worldwide. It offers free-to-play games for mobile platforms through virtual app stores for Android and iOS. The company was founded in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 22:07
End of Day Share Price2020/10/29 00:00
Earnings2020/08/31
Annual Earnings2020/08/31


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.