Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Acroud AB (publ), established in 2003 and headquartered in Gzira, Malta, specializes in developing, owning, and managing comparison and news websites, primarily in Sweden. The company's operations are divided into two main segments: iGaming Affiliation and Software as a Service (SaaS). It maintains an active presence in the Casino, Poker, and Betting industries. Additionally, Acroud develops and supplies SaaS solutions tailored for the affiliate industry, offers streaming services, and organizes the gaming event known as "The Festival Series." The firm also facilitates media creators' access to an extensive array of gaming campaigns. Formerly named Net Gaming Europe AB (publ), the company rebranded to Acroud AB (publ) in July 2020. It was previously a subsidiary of Henrik Kvick AB.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD