EMBRAC-B Stock Analysis: Embracer (publ) | ST
Electronic Gaming & Multimedia | ST, Sweden | Market Cap: 18.675m SEK | 12M Return: -16% | SE0023615885 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 48.0M
Qual. Beats: 0
Rev. Trend: -96.9%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 9.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Embracer Group AB (publ) is a Swedish gaming and entertainment company that develops and publishes games across PC, console, mobile, VR, and board game platforms for the global market. It operates through three business segments: PC/Console Games, Mobile Games, and Entertainment and Services, and has expanded beyond games into related areas such as film and comic book publishing as well as trading card games. Distribution is handled through a mix of physical retailers, stores, and digital channels. Originally founded in 1990 as THQ Nordic AB, the company rebranded to Embracer Group AB in October 2019 and is headquartered in Karlstad, Sweden. The company is listed on the Stockholm Stock Exchange (ticker: EMBRAC-B), is classified within the Communication Services sector under Interactive Home Entertainment, and has a small-cap market capitalization of approximately $1.8 billion USD, reflecting its position as a diversified gaming and entertainment publisher operating in a sector driven by both traditional game sales and rapidly growing digital/mobile distribution.
- PC/Console Games segment revenue pressured by weak game launch pipeline
- Mobile Games division faces slowing in-app purchase growth and user acquisition costs
- Debt reduction and divestitures continue as restructuring reshapes capital allocation strategy
| Net Income: -5.37b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 4.24 > 1.0 |
| NWC/Revenue: 22.70% < 20% (prev 16.23%; Δ 6.48% < -1%) |
| CFO/TA 0.09 > 3% & CFO 2.40b > Net Income -5.37b |
| Net Debt (-2.43b) to EBITDA (4.57b): -0.53 < 3 |
| Current Ratio: 1.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (213.0m) vs 12m ago 2.40% < -2% |
| Gross Margin: 71.78% > 18% (prev 74.28%; Δ -2.50% > 0.5%) |
| Asset Turnover: 49.31% > 50% (prev 60.11%; Δ -10.80% > 0%) |
| Interest Coverage Ratio: -55.75 > 6 (EBIT TTM -6.30b / Interest Expense TTM 113.0m) |
| A: 0.14 (Total Current Assets 9.58b - Total Current Liabilities 5.74b) / Total Assets 27.5b |
| B: -1.54 (Retained Earnings -42.5b / Total Assets 27.5b) |
| C: -0.18 (EBIT TTM -6.30b / Avg Total Assets 34.3b) |
| D: 2.49 (Book Value of Equity 19.6b / Total Liabilities 7.88b) |
| Altman-Z'' = -2.74 = D |
| DSRI: 1.58 (Receivables 3.40b/3.15b, Revenue 16.9b/24.7b) |
| GMI: 1.03 (GM 74.28% / 71.78%) |
| AQI: 0.89 (AQ_t 0.62 / AQ_t-1 0.70) |
| SGI: 0.69 (Revenue 16.9b / 24.7b) |
| TATA: -0.28 (NI -5.37b - CFO 2.40b) / TA 27.5b) |
| Beneish M = -2.84 (Cap -4..+1) = A |
As of October 13, 2026, the stock is trading at SEK 90.82 with a total of 1,054,371 shares traded. Over the past week, the price has changed by +6.30%, over one month by +7.33%, over three months by +36.16% and over the past year by -15.97%.
Current recommended Stop Loss: 87.70 (which is 3.4% or 1.1 ATR below the current price).
Embracer (publ) has no consensus analysts rating.
P/E Forward = 13.6986
P/S = 1.1185
P/B = 0.9642
Revenue TTM = 16.9b SEK
EBIT TTM = -6.30b SEK
EBITDA TTM = 4.57b SEK
Long Term Debt = 700.0m SEK (from longTermDebt, last quarter)
Short Term Debt = 979.0m SEK (from shortTermDebt, last quarter)
Debt = 2.56b SEK (from shortLongTermDebtTotal, last quarter) + Leases 519.0m
Net Debt = -2.43b SEK (calculated: Debt 2.56b - CCE 5.00b)
Enterprise Value = 16.2b SEK (18.7b + Debt 2.56b - CCE 5.00b)
Interest Coverage Ratio = -55.75 (Ebit TTM -6.30b / Interest Expense TTM 113.0m)
EV/FCF = 9.75x (Enterprise Value 16.2b / FCF TTM 1.67b)
FCF Yield = 10.26% (FCF TTM 1.67b / Enterprise Value 16.2b)
FCF Margin = 9.86% (FCF TTM 1.67b / Revenue TTM 16.9b)
Net Margin = -31.75% (Net Income TTM -5.37b / Revenue TTM 16.9b)
Gross Margin = 71.78% ((Revenue TTM 16.9b - Cost of Revenue TTM 4.77b) / Revenue TTM)
Gross Margin QoQ = 68.32% (prev 74.10%)
Tobins Q-Ratio = 0.59 (Enterprise Value 16.2b / Total Assets 27.5b)
Interest Expense / Debt = 4.41% (Interest Expense 113.0m / Debt 2.56b)
Taxrate = 42.03% (29.0m / 69.0m)
NOPAT = -3.65b (EBIT -6.30b * (1 - 42.03%)) [loss with tax shield]
Current Ratio = 1.67 (Total Current Assets 9.58b / Total Current Liabilities 5.74b)
Debt / Equity = 0.13 (Debt 2.56b / totalStockholderEquity, last quarter 19.6b)
Debt / EBITDA = -0.53 (Net Debt -2.43b / EBITDA 4.57b)
Debt / FCF = -1.46 (Net Debt -2.43b / FCF TTM 1.67b)
Total Stockholder Equity = 23.9b (last 4 quarters mean from totalStockholderEquity)
RoA = -15.66% (Net Income -5.37b / Total Assets 27.5b)
RoE = -22.49% (Net Income TTM -5.37b / Total Stockholder Equity 23.9b)
RoCE = -25.65% (EBIT -6.30b / Capital Employed (Equity 23.9b + L.T.Debt 700.0m))
RoIC = -16.66% (negative operating profit) (NOPAT -3.65b / Invested Capital 21.9b)
WACC = 7.18% (E(18.7b)/V(21.2b) * Re(7.81%) + D(2.56b)/V(21.2b) * Rd(4.41%) * (1-Tc(0.42)))
Discount Rate = 7.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -69.76 | Cagr: -2.17%
[DCF] Terminal Value 77.97% ; FCFF base≈1.30b ; Y1≈1.49b ; Y5≈2.19b
[DCF] Fair Price = 168.8 (EV 32.9b - Net Debt -2.43b = Equity 35.4b / Shares 209.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.24 | # QB: 0
Revenue Correlation: -96.90 | Revenue CAGR: -33.90% | SUE: 0.60 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.62 | Chg30d=-36.58% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-12-31): EPS=1.91 | Chg30d=-35.61% | Revisions=-40% | Analysts=3
EPS current Year (2027-03-31): EPS=5.76 | Chg30d=+0.26% | Revisions=+22% | GrowthEPS=+1377.7% | GrowthRev=+7.8%
EPS next Year (2028-03-31): EPS=7.17 | Chg30d=+0.41% | Revisions=+0% | GrowthEPS=+24.4% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: +0% (up=8, down=8)