Starbreeze

0,597SEK +5,48 %
60 investerare följer bolaget.

Starbreeze är en utvecklare, skapare, förläggare och distributör av PC och konsolspel för den globala spelmarknaden. Med varumärket PAYDAY™ i centrum utvecklar Starbreeze spel baserat på egna och andras varumärken, både internt och i samarbete med externa spelutvecklare. Starbreeze använder en ’Games as a Service’-modell, med kontinuerliga släpp av tilläggspaket och uppdateringar till sina spel. Störst verksamhet återfinns i Europa. Bolagets huvudkontor ligger i Stockholm.

P/E (23e)
1,97
EV/EBIT (adj.) (23e)
0,82
P/B (23e)
0,78
Direktavkastnings- % (23e)
-
Riktkurs
1.15 SEK
Rekommendation
Öka
Uppdaterad
12.9.2023
NASDAQ Stockholm
STAR B
Dagens lägsta / högsta pris
0,565 / 0,618 SEK
Börsvärde
885,66 mn SEK
Omsättning
11,58 mn SEK
Volym
20 mn
Risk och rekommendation
HögRiskLåg
SäljRekommendationKöp

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Analyst

Finansiell kalender

Största ägare
Källa: Millistream Market Data AB

ÄgareKapitalRöster
Digital Bros S.p.A21,0 %38,8 %
Första AP-Fonden9,1 %4,8 %
Premium
Inte aktiverad

Innehållet är endast tillgängligt för våra Premium-kunder.

Resultaträkning

20192020202120222023e2024e2025e2026e
Omsättning280,00118,01125,69127,60679,01373,44341,09560,43
tillväxt-%−19,99 %−57,86 %6,51 %1,52 %432,13 %−45,00 %−8,66 %64,31 %
EBITDA−120,8949,276,2766,31571,99268,63231,90439,03
EBIT (adj.)−504,3610,8814,956,75433,8779,53167,41245,79
EBIT−504,3610,88−53,726,75433,8779,53167,41245,79
Vinst före skatt−452,42−130,47−105,23−54,40446,1378,94166,89244,83
Nettoresultat−401,10−130,28−103,47−59,81446,7478,94166,89244,83
EPS−1,22−0,28−0,05−0,080,300,050,110,17
tillväxt-%−82,33 %111,41 %46,71 %
Utdelning0,000,000,000,000,000,000,000,00
Utdelningskvot

Lönsamhet och avkastning på kapital

20192020202120222023e2024e2025e2026e
EBITDA-%−43,18 %41,75 %4,99 %51,97 %84,24 %71,93 %67,99 %78,34 %
EBIT-%−180,13 %9,22 %11,90 %5,29 %63,90 %21,30 %49,08 %43,86 %
EBIT-%−180,13 %9,22 %−42,74 %5,29 %63,90 %21,30 %49,08 %43,86 %
ROE−233,73 %−111,04 %−58,90 %−66,60 %75,17 %6,74 %12,89 %16,32 %
ROI−210,48 %2,70 %−10,07 %1,41 %55,35 %6,80 %12,95 %16,40 %

Värdering

20192020202120222023e2024e2025e2026e
Pris per aktie (SEK)1,050,880,811,280,600,600,600,60
Aktier328,35469,75724,61724,611 476,761 476,761 476,761 476,76
Börsvärde345,42414,32587,66926,77881,63881,63881,63881,63
Rörelsevärde383,65549,60880,831 198,20355,76256,85225,49−6,48
EV/S1,374,667,019,390,520,690,66-
EV/EBITDA-11,16140,5318,070,620,960,97-
EV/EBIT (adj.)-50,5458,91177,620,823,231,35-
EV/EBIT-50,54-177,620,823,231,35-
P/E (just.)----1,9711,175,283,60
P/E----1,9711,175,283,60
P/B56,091,814,7816,320,780,730,640,54
P/S1,233,514,687,261,302,362,581,57
Direktavkastning
Soliditet1,04 %32,24 %18,22 %7,61 %89,49 %90,34 %91,38 %91,73 %
Skuldsättning620,69 %59,20 %238,70 %477,99 %−46,46 %−51,60 %−47,62 %−54,73 %

Kvartalsuppgifter

Q3/22Q4/222022Q1/23Q2/23Q3/23eQ4/23e2023eQ1/24e
Omsättning38,6733,64127,6026,6643,24432,80176,31679,01
EBITDA24,3519,3066,314,0514,09403,55150,30571,99
EBIT8,984,326,75−11,60−2,95350,7697,66433,87
Vinst före skatt−7,49−12,30−54,40−24,7324,12349,9696,77446,13
Nettoresultat−7,79−16,76−59,81−24,9324,74349,9696,77446,74
Publisher
Starbreeze: PAYDAY 3's launch numbers look promising, but technical issues persist

During launch weekend, PAYDAY 3 had a peak of concurrent players (CCU) across all platforms of 218,250, and a peak of 1,347,510 unique players (DAU). The numbers look promising, but the technical issues experienced late last week have persisted, angering the community.

Analytikerkommentar2023-09-25 av Anton Damstén
Publisher
Starbreeze: PAYDAY 3 servers overwhelmed by player count at release

PAYDAY 3 was officially released yesterday to all intended platforms. During the first hours of the launch, PAYDAY 3 had a peak of concurrent players (CCU) across all platforms of more than 220,000 and 924,204 unique players (DAU). As the player count increased, the game’s servers were unable to meet demand, and the game was inaccessible from around 21:45

Analytikerkommentar2023-09-22 av Anton Damstén
Publisher
KAFFERAST och Starbreeze snack

Vid smyglansering av PAYDAY 3 uppstod en del tekniskt trubbel. Även aktien har åkt nedförsbacke i veckan. Den verkliga releasen sker i morgon, torsdag 21 september och förhandsintresset är fortfarande på topp och mottagandet är hittills lovande.

Video2023-09-20 av Isa Hudd, Anton Damstén
Publisher
Starbreeze: Close to 150,000 unique players during PAYDAY 3’s first 18 hours of early access

According to Starbreeze’s press release, PAYDAY 3 had close to 150,000 unique players (DAU) during the first 18 hours of early access, excluding PlayStation 5. The company also stated that Starbreeze Nebula currently stands at over 1.6 million registered users.

Analytikerkommentar2023-09-19 av Anton Damstén
Publisher
Starbreeze: PAYDAY 3 is now live in early access

Yesterday, September 18th, PAYDAY 3 went into early access for the players who bought the silver and gold versions. I had the opportunity to play the game for about 2 hours yesterday on PC and really enjoyed the game. I had no technical issues, and my impression of the game was good.There was, however, some issues with the PS5 version.

Analytikerkommentar2023-09-19 av Anton Damstén
Publisher
Valuations in the gaming sector have gone down in many places

We looked at the current valuation levels of listed gaming companies and their growth and profitability forecasts for the coming years. The companies are divided into three groups: 1) Mobile games companies, 2) Console and PC games companies, and 3) Multi-platform games companies, a group of gaming giants. We also briefly review interesting companies in the sector.

Analytikerkommentar2023-09-18 av Atte Riikola, Anton Damstén
Publisher
Starbreeze: Lower valuation improves risk-reward ratio ahead of PAYDAY 3 release

With the release date of PAYDAY 3 nearing, our confidence in the game’s success remains. We are particularly encouraged by the positive feedback the game has received and the positive indicators related to the game released by Starbreeze. The biggest question mark surrounding Starbreeze is the medium to long-term future of the company and what level of confidence to assign to any projections regarding the games after PAYDAY 3. However, with the recent decline in share price, we believe the risk-reward ratio has returned to being modestly positive.

Aktieanalys2023-09-12