Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Operating from its Stockholm, Sweden headquarters since its inception in 2002, Fragbite Group AB (publ) is a digital entertainment company focused on gaming activities across the Nordic region. The company undertakes the development, publishing, distribution, and promotion of mobile games, leveraging its dedicated studios such as Lucky Kat, FunRock Development, and Prey Studios. Furthermore, Fragbite Group is actively involved in both orchestrating and live-broadcasting esports events. The firm was previously affiliated as a subsidiary of FunRock Media AB.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. In particular, the stock is underpriced on P/E, 'cheap'