Blick Global Group AB (publ) (BLICK) fair value: what the stock is really worth
We calculate from audited financials what Blick Global Group AB (publ) is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range kr 0.4500 – kr 32.19 · fair‑value band kr 0.9019 – kr 1.47 · the kr 0.8500 price screens below the kr 1.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Blick Global Group AB (publ), together with its subsidiaries, provides data-driven marketing services worldwide. It operates in two business areas, Digital Marketing and Game Development. The company also develops casino games. It serves clients within the iGaming segment.
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Blick Global Group AB (publ), together with its subsidiaries, provides data-driven marketing services worldwide. It operates in two business areas, Digital Marketing and Game Development. The company also develops casino games. It serves clients within the iGaming segment. Blick Global Group AB (publ) was formerly known as ahaWorld AB (publ) and changed its name to Blick Global Group AB (publ) in May 2020. Blick Global Group AB (publ) was incorporated in 2007 and is headquartered in Stockholm, Sweden.
Stock analysis
Blick Global Group AB (publ) (BLICK) currently trades at kr 0.8500, while our model-based Fair Value estimate is kr 1.19, implying the stock looks roughly 28.3% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of kr 8.47 per share, and 12 of the 14 models we run sit above the kr 0.8500 price.
Bear case: the Asset-Based group reads lowest at kr 0.8900, and 2 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 0.9019 (bear) to kr 1.47 (bull), the price of kr 0.8500 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Blick Global Group AB (publ) reported revenue of 3.9M SEK in FY2025 versus 16.5M SEK in FY2021, a compound −30.2%/yr. Reported net income was 11.0M SEK in FY2025.
Key figures
Market cap 14.4M SEK (≈ $1.5M) · P/E ratio 1.0 · P/S ratio 2.72 · EPS (TTM) kr 0.8700 · Net margin 13,479% · Return on equity 86.5% · Return on assets (EBIT) 12.1% · Operating margin −792%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 73% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 39%, BLICK screens cheaper than that median.
Fair Value models
Bear kr 0.9019Fair Value kr 1.19Bull kr 1.47
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.6173 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.16/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−45.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−29.1%
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−28.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−28.6%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 328%
⚠ Revenue per share shrinking 42.2%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Blick Global Group AB (publ) with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gambling · 54 stocks
Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+26% · Above median
Profitability
Return on equity (TTM)86% · Top 25%
Return on assets−3% · Bottom 25%
Growth and dividend
Revenue growth−56% · Bottom 25%
Valuation Multiplesvs Gambling median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Blick Global Group AB (publ) Fair Value". https://www.fairvalue-calculator.com/stock/BLICK
Frequently asked questions
Is Blick Global Group AB (publ) (BLICK) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of kr 1.19 versus a price of kr 0.8500, about +39% upside (undervalued).
What is the fair value of BLICK?
Our model-based fair value for Blick Global Group AB (publ) is kr 1.19 (as of Sep 13, 2026), built from audited fundamentals. The current price: kr 0.8500.
What is the quality score of BLICK?
Blick Global Group AB (publ) has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Blick Global Group AB (publ) (BLICK)?
Our model-based price target is the fair value of kr 1.19 (as of Sep 13, 2026) from 14 valuation models. Cautious scenario kr 0.9019, optimistic scenario kr 1.47. It is a calculation from audited fundamentals, not an analyst target.
What is the Blick Global Group AB (publ) stock forecast for 2026?
Our models put fair value at kr 1.19, about +39% upside versus a price of kr 0.8500 (undervalued). Cautious scenario kr 0.9019, optimistic scenario kr 1.47. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Blick Global Group AB (publ) (BLICK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Blick Global Group AB (publ) it is kr 1.19 per share (as of Sep 13, 2026), against a price of kr 0.8500. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Blick Global Group AB (publ) stock overvalued or undervalued in 2026?
As of Sep 13, 2026, BLICK trades below its calculated fair value: price kr 0.8500, fair value kr 1.19, a gap of about +39% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BLICK?
No. The price is what the market pays today (kr 0.8500); the fair value is what the company's own numbers justify (kr 1.19). For Blick Global Group AB (publ) the two are kr 0.3350 per share apart. That gap is exactly why we show both numbers side by side.
How much is Blick Global Group AB (publ) worth?
The market values Blick Global Group AB (publ) at about 14.4M SEK (market capitalisation, as of Sep 13, 2026). Per share that is kr 0.8500; our models calculate a fair value of kr 1.19 per share.
What do the bullish and bearish scenarios say about BLICK?
Our models span a range for Blick Global Group AB (publ): cautious scenario kr 0.9019, base kr 1.19, optimistic kr 1.47 per share (as of Sep 13, 2026, price kr 0.8500). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BLICK?
Blick Global Group AB (publ) trades at a price-to-earnings ratio of 1.0 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 1.19 is built from several models across several years. Other multiples: P/B 0.1, P/S 19.3.
How solid is the balance sheet of Blick Global Group AB (publ) (BLICK)?
Balance-sheet figures for Blick Global Group AB (publ) (as of Sep 13, 2026): return on equity 86.5%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is BLICK from its 52-week high?
Blick Global Group AB (publ) trades at kr 0.8500, about 59% below its 52-week high of kr 2.08 and 73% above the low of kr 0.4900 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of kr 1.19 is for.
Which stocks are comparable to Blick Global Group AB (publ)?
From the same area (Consumer Cyclical) we also value Flutter Entertainment plc, Evolution AB, The Lottery Corporation, Rush Street Interactive, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Blick Global Group AB (publ) stock attractive at the current price?
The data as of Sep 13, 2026: price kr 0.8500, calculated fair value kr 1.19 (+39%), Quality Score 57/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BLICK calculated?
We run Blick Global Group AB (publ) through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 1.19, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.6 % above its aggregate fair value. Blick Global Group AB (publ) currently trades 39 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Blick Global Group AB (publ) (BLICK)?
The closing price on Sep 15, 2026 was kr 0.8500. Our model-based fair value is kr 1.19, about +39% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Blick Global Group AB (publ) right now?
The price is below even our cautious bear case (kr 0.9019). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Blick Global Group AB (publ)
How large is the market capitalisation of Blick Global Group AB (publ) (BLICK)?
The market capitalisation of Blick Global Group AB (publ) is 14.4M SEK (≈ $1.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Blick Global Group AB (publ) (BLICK)?
The price-to-sales ratio of Blick Global Group AB (publ) is 2.72 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Blick Global Group AB (publ) (BLICK)?
Earnings per share at Blick Global Group AB (publ) are kr 0.8700 (price ÷ EPS = P/E 1.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Blick Global Group AB (publ) (BLICK)?
The net margin of Blick Global Group AB (publ) is 13,479% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Blick Global Group AB (publ) (BLICK)?
The return on equity (ROE) of Blick Global Group AB (publ) is 86.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Blick Global Group AB (publ) (BLICK)?
On an EBIT basis the return on assets of Blick Global Group AB (publ) is 12.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Blick Global Group AB (publ) (BLICK)?
The operating margin of Blick Global Group AB (publ) is −792% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Blick Global Group AB (publ) (BLICK)?
Revenue at Blick Global Group AB (publ) is growing −55.7% versus a year earlier (3y avg −45.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Blick Global Group AB (publ) (BLICK) generate?
The free cash flow of Blick Global Group AB (publ) is −3.4M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Blick Global Group AB (publ) (BLICK) hold?
Blick Global Group AB (publ) holds more cash than debt, 6.9M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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