Professional
Added to YB: 2023-12-04
Pitch date: 2023-10-20
EG7.ST [bullish]
Enad Global 7 AB (publ)
-23.33%
current return
Author Info
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Company Info
Enad Global 7 AB (publ) engages in development, marketing, publishing, and distribution of PC, console, and mobile games in Sweden, rest of Europe, North America, South America, Asia, Africa, and Oceania.
Market Cap
SEK 978.2M
Pitch Price
SEK 17.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.67
P/E
-4.14
EV/Sales
0.38
Sector
Entertainment
Category
turnaround
Atai Capital Management: Enad 7 Global
EG7: Rebounding game dev w/ new mgmt+board (CEO/Chair own 12%), 28% net cash. Fixing studio, investing in IPs, growing publishing. Sept. targets imply mere 1.15x 2026E EBITDA today after rocky past of bad M&A, missed expectations. Insiders recently bought 2% more.
Read full article (20 min)