Added to YB: 2025-11-17
Pitch date: 2025-11-13
EMBRAC-B.ST [neutral]
Embracer Group AB (publ)
-5.68%
current return
Author Info
Fjord Alpha shares deep dives on Northern European mid-caps targeting 20%+ CAGR. Private investor with Nordic roots. 25 years in-market. Independent and long-term, looking for non-consensus ideas the market is not pricing. Sign up for the newsletter.
Company Info
Embracer Group AB (publ), together with its subsidiaries, develops and publishes PC, console, mobile, VR, and board games for the games market worldwide.
Market Cap
SEK 19.8B
Pitch Price
SEK 61.98
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.65
P/E
4.17
EV/Sales
0.81
Sector
Entertainment
Category
turnaround
Embracer Q2'25: The fire is out, engine needs to start
EMBRAC-B.ST (earnings): Q2 beat driven by low-margin Entertainment & Services (+25% growth) masks core PC/Console segment decline (-4% organic). Back catalog shrinking -16%, new releases flopped. FCF burn SEK 348M despite net cash SEK 4.58B. Coffee Stain spinoff Dec catalyst. EV ~15bn SEK prices zero success - margin of safety supports 20%+ CAGR target.
Read full article (7 min)