Overview Dividends

(BRAG) Bragg Gaming - Ratings and Ratios

Exchange: NASDAQ • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA1048333068

Casino Games, Sportsbook Technology, RGS, PAM, Content Delivery

BRAG EPS (Earnings per Share)

EPS Growth (3Y CAGR): 10.97%
EPS Trend (3Y Correlation): -11.3%

BRAG Revenue

Revenue Growth (3Y CAGR): 8.39%
Revenue Trend (3Y Correlation): 83.4%

Description: BRAG Bragg Gaming

Bragg Gaming Group Inc is a leading provider of iGaming content and technology solutions, catering to both online and land-based gaming operators with its proprietary and exclusive content. The companys in-house studios, including Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic, utilize data-driven insights to craft engaging casino game titles, which are complemented by a curated selection of exclusive titles from partner studios under the Powered By Bragg program.

The companys technology backbone, including its RGS and PAM technologies, enables the distribution of its games via the Bragg Hub content delivery platform, making them accessible to customers across various regions, including North America, LatAM, and Europe. Bragg Gamings services are utilized by gaming operators in multiple countries, including the United States, Canada, and several European nations. The companys diversified portfolio and robust technology infrastructure position it for growth in the expanding iGaming market.

Analyzing the , we observe that BRAGs stock price is currently at $4.68, with a 20-day SMA of $4.22 and a 50-day SMA of $4.11, indicating a bullish trend. The 200-day SMA at $4.42 suggests that the stock is trading near its long-term average. The ATR of 0.23 represents a 4.96% volatility, which is relatively moderate. Considering the , the companys market capitalization stands at $110.80M USD, with a forward P/E ratio of 476.19, indicating high growth expectations.

Based on the and , a forecast for BRAG can be constructed. The stocks bullish trend, coupled with its presence in a growing market, suggests potential for further growth. However, the high forward P/E ratio indicates that the stocks price already reflects significant growth expectations. Therefore, a reasonable forecast would be that BRAGs stock price will continue to trend upwards, potentially reaching $6.00 in the near term, driven by the companys expanding presence in the iGaming market and its robust technology infrastructure. Nevertheless, investors should be cautious of the associated risks, including market volatility and competition in the iGaming sector.

BRAG Stock Overview

Market Cap in USD	69m
Sub-Industry	Interactive Home Entertainment
IPO / Inception	2021-08-27

BRAG Stock Ratings

Growth Rating	-38.0%
Fundamental	48.4%
Dividend Rating	-
Return 12m vs S&P 500	-54.2%
Analyst Rating	4.33 of 5

BRAG Dividends

Currently no dividends paid

BRAG Growth Ratios

Growth Correlation 3m	-59.5%
Growth Correlation 12m	-36%
Growth Correlation 5y	-50.9%
CAGR 5y	-5.81%
CAGR/Max DD 5y	-0.07
Sharpe Ratio 12m	-1.56
Alpha	-64.59
Beta	1.284
Volatility	68.44%
Current Volume	29.1k
Average Volume 20d	51.5k
Stop Loss	2.5 (-7.4%)
Signal	0.24

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (-5.31m TTM) > 0 and > 6% of Revenue (6% = 6.29m TTM)

FCFTA 0.02 (>2.0%) and ΔFCFTA 0.29pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 3.04% (prev 1.69%; Δ 1.35pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.16 (>3.0%) and CFO 16.1m > Net Income -5.31m (YES >=105%, WARN >=100%)

Net Debt (697.0k) to EBITDA (13.6m) ratio: 0.05 <= 3.0 (WARN <= 3.5)

Current Ratio 1.11 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (25.2m) change vs 12m ago 5.0% (target <= -2.0% for YES)

Gross Margin 55.08% (prev 42.85%; Δ 12.24pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 101.4% (prev 89.40%; Δ 12.05pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -2.61 (EBITDA TTM 13.6m / Interest Expense TTM 1.96m) >= 6 (WARN >= 3)

Altman Z'' -1.39

(A) 0.03 = (Total Current Assets 33.4m - Total Current Liabilities 30.2m) / Total Assets 100.9m

(B) -0.85 = Retained Earnings (Balance) -85.7m / Total Assets 100.9m

(D) 1.43 = Book Value of Equity 48.8m / Total Liabilities 34.1m

Total Rating: -1.39 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 48.42

1. Piotroski 4.0pt = -1.0

2. FCF Yield 3.60% = 1.80

3. FCF Margin 2.11% = 0.53

4. Debt/Equity 0.10 = 2.50

5. Debt/Ebitda 0.48 = 2.33

6. ROIC - WACC -16.84% = -12.50

7. RoE -7.57% = -1.26

8. Rev. Trend 83.42% = 4.17

9. Rev. CAGR 8.39% = 1.05

10. EPS Trend -11.34% = -0.28

11. EPS CAGR 10.97% = 1.10

What is the price of BRAG shares?

As of August 31, 2025, the stock is trading at USD 2.70 with a total of 29,117 shares traded.
Over the past week, the price has changed by -2.17%, over one month by -36.17%, over three months by -39.60% and over the past year by -46.43%.

Is Bragg Gaming a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Bragg Gaming (NASDAQ:BRAG) is currently (August 2025) a stock to sell. It has a ValueRay Fundamental Rating of 48.42 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of BRAG is around 2.25 USD . This means that BRAG is currently overvalued and has a potential downside of -16.67%.

Is BRAG a buy, sell or hold?

Bragg Gaming has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy BRAG.

Strong Buy: 2
Buy: 4
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the BRAG price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	6	122.2%
Analysts Target Price	6	122.2%
ValueRay Target Price	2.6	-5.6%

Last update: 2025-08-28 02:52

BRAG Fundamental Data Overview

Market Cap EUR = 59.4m (69.2m USD * 0.8584 USD.EUR)
CCE Cash And Equivalents = 4.24m EUR (Cash And Short Term Investments, last quarter)
P/E Forward = 476.1905
P/S = 0.6598
P/B = 0.8841
Beta = 0.368
Revenue TTM = 104.9m EUR
EBIT TTM = -5.12m EUR
EBITDA TTM = 13.6m EUR
Long Term Debt = 3.89m EUR (from nonCurrentLiabilitiesTotal, last quarter)
Short Term Debt = 2.56m EUR (from shortTermDebt, last quarter)
Debt = 6.46m EUR (Calculated: Short Term 2.56m + Long Term 3.89m)
Net Debt = 697.0k EUR (from netDebt column, last quarter)
Enterprise Value = 61.6m EUR (59.4m + Debt 6.46m - CCE 4.24m)
Interest Coverage Ratio = -2.61 (Ebit TTM -5.12m / Interest Expense TTM 1.96m)
FCF Yield = 3.60% (FCF TTM 2.22m / Enterprise Value 61.6m)
FCF Margin = 2.11% (FCF TTM 2.22m / Revenue TTM 104.9m)
Net Margin = -5.06% (Net Income TTM -5.31m / Revenue TTM 104.9m)
Gross Margin = 55.08% ((Revenue TTM 104.9m - Cost of Revenue TTM 47.1m) / Revenue TTM)
Tobins Q-Ratio = 1.26 (Enterprise Value 61.6m / Book Value Of Equity 48.8m)
Interest Expense / Debt = 4.68% (Interest Expense 302.0k / Debt 6.46m)
Taxrate = 21.0% (US default)
NOPAT = -5.12m (EBIT -5.12m, no tax applied on loss)
Current Ratio = 1.11 (Total Current Assets 33.4m / Total Current Liabilities 30.2m)
Debt / Equity = 0.10 (Debt 6.46m / last Quarter total Stockholder Equity 66.9m)
Debt / EBITDA = 0.48 (Net Debt 697.0k / EBITDA 13.6m)
Debt / FCF = 2.91 (Debt 6.46m / FCF TTM 2.22m)
Total Stockholder Equity = 70.2m (last 4 quarters mean)
RoA = -5.26% (Net Income -5.31m, Total Assets 100.9m )
RoE = -7.57% (Net Income TTM -5.31m / Total Stockholder Equity 70.2m)
RoCE = -6.91% (Ebit -5.12m / (Equity 70.2m + L.T.Debt 3.89m))
RoIC = -6.79% (NOPAT -5.12m / Invested Capital 75.5m)
WACC = 10.06% (E(59.4m)/V(65.9m) * Re(10.75%)) + (D(6.46m)/V(65.9m) * Rd(4.68%) * (1-Tc(0.21)))
Shares Correlation 5-Years: 100.0 | Cagr: 6.28%
Discount Rate = 10.75% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 59.32% ; FCFE base≈2.14m ; Y1≈1.40m ; Y5≈641.3k
Fair Price DCF = 0.34 (DCF Value 8.62m / Shares Outstanding 25.4m; 5y FCF grow -40.0% → 3.0% )
Revenue Correlation: 83.42 | Revenue CAGR: 8.39%
Rev Growth-of-Growth: 3.13
EPS Correlation: -11.34 | EPS CAGR: 10.97%
EPS Growth-of-Growth: 45.87

Additional Sources for BRAG Stock

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