Bragg Gaming Group Stock Price To Book
| BRAG Stock | CAD 7.63 0.24 3.05% |
Bragg Gaming Group fundamentals help investors to digest information that contributes to Bragg Gaming's financial success or failures. It also enables traders to predict the movement of Bragg Stock. The fundamental analysis module provides a way to measure Bragg Gaming's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bragg Gaming stock.
As of the 5th of May 2024, Price To Book Ratio is likely to grow to 1.50. Bragg | Price To Book |
Bragg Gaming Group Company Price To Book Analysis
Bragg Gaming's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Bragg Gaming Price To Book | 1.81 X |
Most of Bragg Gaming's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bragg Gaming Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Bragg Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Bragg Gaming is extremely important. It helps to project a fair market value of Bragg Stock properly, considering its historical fundamentals such as Price To Book. Since Bragg Gaming's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bragg Gaming's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bragg Gaming's interrelated accounts and indicators.
Click cells to compare fundamentals
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
Bragg Book Value Per Share
Book Value Per Share |
|
Based on the latest financial disclosure, Bragg Gaming Group has a Price To Book of 1.8105 times. This is 84.17% lower than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The price to book for all Canada stocks is 80.96% higher than that of the company.
Bragg Gaming Current Valuation Drivers
We derive many important indicators used in calculating different scores of Bragg Gaming from analyzing Bragg Gaming's financial statements. These drivers represent accounts that assess Bragg Gaming's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Bragg Gaming's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 12.2M | 79.0M | 86.7M | 104.7M | 94.3M | 99.0M | |
| Enterprise Value | 12.4M | 53.6M | 71.3M | 99.2M | 89.3M | 93.8M |
Bragg Fundamentals
| Return On Equity | -0.0549 | |||
| Return On Asset | -0.0053 | |||
| Profit Margin | (0.04) % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 174.01 M | |||
| Shares Outstanding | 23 M | |||
| Shares Owned By Insiders | 22.95 % | |||
| Shares Owned By Institutions | 5.83 % | |||
| Number Of Shares Shorted | 74.52 K | |||
| Price To Book | 1.81 X | |||
| Price To Sales | 2.00 X | |||
| Revenue | 93.52 M | |||
| Gross Profit | 45.08 M | |||
| EBITDA | 5.94 M | |||
| Net Income | (3.84 M) | |||
| Cash And Equivalents | 11.29 M | |||
| Cash Per Share | 0.53 X | |||
| Total Debt | 7.39 M | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 0.98 X | |||
| Book Value Per Share | 3.05 X | |||
| Cash Flow From Operations | 11.74 M | |||
| Short Ratio | 1.00 X | |||
| Earnings Per Share | (0.25) X | |||
| Target Price | 13.08 | |||
| Number Of Employees | 464 | |||
| Beta | 0.88 | |||
| Market Capitalization | 175.52 M | |||
| Total Asset | 103.37 M | |||
| Retained Earnings | (76.06 M) | |||
| Working Capital | 1.19 M | |||
| Net Asset | 103.37 M |
About Bragg Gaming Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bragg Gaming Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bragg Gaming using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bragg Gaming Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bragg Gaming
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bragg Gaming position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bragg Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Bragg Stock
| 0.53 | UNH | UnitedHealth Group CDR | PairCorr |
| 0.52 | HD | HOME DEPOT CDR | PairCorr |
| 0.46 | COST | Costco Wholesale Corp | PairCorr |
| 0.45 | SBUX | Starbucks CDR | PairCorr |
The ability to find closely correlated positions to Bragg Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bragg Gaming when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bragg Gaming - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bragg Gaming Group to buy it.
The correlation of Bragg Gaming is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bragg Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bragg Gaming Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bragg Gaming can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Bragg Stock analysis
When running Bragg Gaming's price analysis, check to measure Bragg Gaming's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bragg Gaming is operating at the current time. Most of Bragg Gaming's value examination focuses on studying past and present price action to predict the probability of Bragg Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bragg Gaming's price. Additionally, you may evaluate how the addition of Bragg Gaming to your portfolios can decrease your overall portfolio volatility.
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |