Starbreeze
0.327 SEK +3.35%108 investors are following this company
Starbreeze is a developer, creator, publisher, and distributor of games for PC and console, targeting the global market. With the IP PAYDAY™ as a core, Starbreeze develops games based on proprietary and third-party rights, both in-house and in partnership with external game developers. Starbreeze utilizes a ’Games as a Service’-modell, with continuous releases of add-ons and updatates to their games. The majority of operations are in Europe. The company’s headquarters is in Stockholm.
P/E (24e)
-2.14
EV/EBIT (adj.) (24e)
-1.15
P/B (24e)
0.7
Dividend yield-% (24e)
-
Target price
0.30 SEK
Recommendation
Reduce
Updated
15.5.2024
NASDAQ Stockholm
STAR B
Daily low / high price
0.306 / 0.33
SEK
Market cap
483.49M SEK
Turnover
1.98M SEK
Volume
6.3M
Business risk
Valuation risk
Current
Previous
Latest research
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Christoffer Jennel
Analyst
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Atte Riikola
Analyst
Latest videos
Financial calendar
Interim report
2024-08-15
Interim report
2024-11-14
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Digital Bros S.p.A | 21.0 % | 38.8 % |
Försäkringsaktiebolaget, Avanza pension | 7.0 % | 6.5 % |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 118.0 | 125.7 | 127.6 | 633.5 | 184.2 | 133.0 | 357.5 | 247.2 |
growth-% | -57.9 % | 6.5 % | 1.5 % | 396.5 % | -70.9 % | -27.8 % | 168.9 % | -30.9 % |
EBITDA | 49.3 | 6.3 | 66.3 | 439.2 | 78.3 | 17.6 | 204.1 | 95.1 |
EBIT (adj.) | 10.9 | 15.0 | 6.7 | 190.3 | -230.4 | -85.4 | -87.7 | -1.4 |
EBIT | 10.9 | -53.7 | 6.7 | 190.3 | -210.5 | -85.4 | -87.7 | -1.4 |
Profit before taxes | -130.5 | -105.2 | -54.4 | 207.7 | -205.7 | -81.4 | -84.7 | 1.1 |
Net income | -130.3 | -103.5 | -59.8 | 207.6 | -205.8 | -81.4 | -84.7 | 1.1 |
EPS (adj.) | -0.28 | -0.05 | -0.08 | 0.19 | -0.15 | -0.06 | -0.06 | 0.00 |
growth-% | -180.7 % | |||||||
Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Dividend ratio |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 41.7 % | 5.0 % | 52.0 % | 69.3 % | 42.5 % | 13.2 % | 57.1 % | 38.5 % |
EBIT-% (adj.) | 9.2 % | 11.9 % | 5.3 % | 30.0 % | -125.0 % | -64.2 % | -24.5 % | -0.6 % |
EBIT-% | 9.2 % | -42.7 % | 5.3 % | 30.0 % | -114.2 % | -64.2 % | -24.5 % | -0.6 % |
ROE | -111.0 % | -58.9 % | -66.6 % | 43.6 % | -26.0 % | -12.6 % | -15.0 % | 0.2 % |
ROI | 2.7 % | -10.1 % | 1.4 % | 28.6 % | -26.4 % | -12.5 % | -14.0 % | 0.2 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (SEK) | 0.88 | 0.81 | 1.28 | 0.47 | 0.33 | 0.33 | 0.33 | 0.33 |
Shares | 724.6 | 724.6 | 724.6 | 1,476.8 | 1,476.8 | 1,476.8 | 1,476.8 | 1,476.8 |
Market cap | 639.1 | 587.7 | 926.8 | 691.1 | 483.5 | 483.5 | 483.5 | 483.5 |
Enterprise value | 774.4 | 880.8 | 1,198.2 | 343.1 | 264.0 | 462.1 | 481.2 | 615.3 |
EV/S | 6.6 | 7.0 | 9.4 | 0.5 | 1.4 | 3.5 | 1.3 | 2.5 |
EV/EBITDA | 15.7 | 140.5 | 18.1 | 0.8 | 3.4 | 26.3 | 2.4 | 6.5 |
EV/EBIT (adj.) | 71.2 | 58.9 | 177.6 | 1.8 | - | - | - | - |
EV/EBIT | 71.2 | - | 177.6 | 1.8 | - | - | - | - |
P/E (adj.) | - | - | - | 2.5 | - | - | - | 436.4 |
P/E | - | - | - | 2.5 | - | - | - | 436.4 |
P/B | 2.8 | 4.8 | 16.3 | 0.8 | 0.7 | 0.8 | 0.9 | 0.9 |
P/S | 5.4 | 4.7 | 7.3 | 1.1 | 2.6 | 3.6 | 1.4 | 2.0 |
Dividend yield | ||||||||
Equity ratio | 32.2 % | 18.2 % | 7.6 % | 80.5 % | 81.2 % | 81.5 % | 66.5 % | 61.8 % |
Gearing ratio | 59.2 % | 238.7 % | 478.0 % | -38.9 % | -31.9 % | -3.5 % | -0.4 % | 25.2 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 43.2 | 494.4 | 69.2 | 633.5 | 56.6 | 39.7 | 42.0 | 45.9 | 184.2 |
EBITDA | 14.1 | 441.7 | -20.6 | 439.2 | 48.5 | 9.9 | 9.3 | 10.6 | 78.3 |
EBIT | -3.0 | 299.9 | -95.0 | 190.3 | -23.3 | -59.8 | -64.9 | -62.5 | -210.5 |
Profit before taxes | 24.1 | 299.8 | -91.5 | 207.7 | -21.0 | -59.0 | -63.6 | -62.1 | -205.7 |
Net income | 24.7 | 299.6 | -91.7 | 207.6 | -21.0 | -59.0 | -63.6 | -62.1 | -205.8 |
ShowingAll content types
Starbreeze AB: PAYDAY™ 3 update - 'Operation Medic Bag' increases in pace
Starbreeze AB: PAYDAY™ 3: "Chapter II: Boys in Blue" Out Now
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