Strong start to the year improves outlook
Yesterday, MGI announced that its organic growth rate has increased to 25% in February 2024. This follows an earlier announcement of an 18% organic growth rate in January 2024. The robust organic growth rate is a strong start to the year and leads us to raise our revenue estimates. As the outlook continues to improve, we believe the risk-to-reward ratio remains very attractive.
MGI - Media and Games Invest
MGI – Media and Games Invest SE (“MGI”) is an advertising software platform with strong first-party games content. MGI’s main operational presence is in North America and Europe. The Company combines organic growth with value-generating synergetic acquisitions, which has demonstrated continuous strong profitable growth with a revenue CAGR of 77% (2018 –2021). In addition to strong organic growth, MGI has successfully acquired more than 35 companies and assets in the past six years. The acquired assets and companies have been fully integrated and cloud technology is actively used to achieve efficiency gains and competitive advantages. MGI is registered as Societas Europaea in Malta (registration number SE 15) and its shares are listed on Nasdaq First North Premier Growth Market in Stockholm and in the Scale segment of the Frankfurt Stock Exchange. The Company has a secured bond that is listed on Nasdaq Stockholm and on the Frankfurt Stock Exchange Open Market.
Read more on company pageKey Estimate Figures21/03
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 322.0 | 366.8 | 399.9 |
growth-% | -0.76 % | 13.92 % | 9.03 % |
EBIT (adj.) | 76.9 | 81.0 | 76.9 |
EBIT-% (adj.) | 23.89 % | 22.07 % | 19.23 % |
EPS (adj.) | 0.15 | 0.17 | 0.19 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | 6.78 | 9.66 | 8.65 |
EV/EBITDA | 3.58 | 5.67 | 5.58 |