Professional
Added to YB: 2024-05-03
Pitch date: 2024-05-01
EG7.ST [bullish]
Enad Global 7 AB (publ)
+10.21%
current return
Author Info
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Company Info
Enad Global 7 AB (publ) develops, publishes, markets, and distributes games in PC, console, and mobile platforms in Sweden, rest of Europe, North America, South America, Asia, Africa, and the Oceania.
Market Cap
SEK 1.3B
Pitch Price
SEK 13.76
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.41
P/E
-0.72
EV/Sales
0.84
Sector
Entertainment
Category
value
Atai Capital Management Portfolio Holding: Enad Global 7 AB
EG7.ST: Gaming co guiding to $1B-SEK EBITDA in 2026, trades at just ~$750M-SEK EV today. Live games require little investment, most dev costs expensed not capitalized. Accretive M&A likely given CEO's track record & industry distress. Sold Planetside IP for ~$6M, cut costs. Concerns like H1Z1 cancellation, but mgmt making smart moves. Severely undervalued at <1x 2026 EBITDA.
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