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Blick Global Group (BLICK) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 14.4M SEK

BG Blick Global Group BLICK · ST
Pricekr 1.04
Fair Valuekr 1.26
Upside+21.0%
Quality53/100
Weak Growth
negative free cash flow
Mixed vs. peers (4/8)
Moderate moat 58/100
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Evidence: Medium Range kr 0.9564 – kr 1.56 Share as image

Fair value as of: Aug 2, 2026

From 14 valuation models · updated today

Share price +20.9% over the past month.

A solid business, and the price sits 21% below our fair value.

What matters now

  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from kr 0.9564 (bear) to kr 1.56 (bull), base kr 1.26. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

kr 37.92 kr 0.4500 Fair Value kr 1.26 May 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range kr 0.4500 – kr 37.92 · fair‑value band kr 0.9564 – kr 1.56 · the kr 1.04 price screens below the kr 1.26 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Blick Global Group (BLICK) currently trades at kr 1.04, while our model-based Fair Value estimate is kr 1.26, implying the stock looks roughly 21.0% undervalued today. We read business quality at 53/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Trailing-twelve-month revenue stands at 78.0K SEK. Revenue declined 55.7% year over year. It earns a return on equity of 86.5%. The balance sheet holds a net cash position of 6.9M SEK. Fundamentals as of Aug 2, 2026

Our scenario range runs from kr 0.9564 (bear case) to kr 1.56 (bull case); at kr 1.04, the current price sits within that range. The share trades about 50% below its 52-week high and 112% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -11% fair-value upside, at 21%, BLICK screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth-Adj P/E kr 2.49 kr 3.56 kr 4.63 68
ROIC Compounder kr 0.6799 kr 0.8456 kr 1.02 67
P/E Multiple kr 1.18 kr 1.58 kr 1.97 63
All 14 models by family
Earnings-Based
Graham-Dodd kr 0.5371 kr 3.74 kr 5.25 54
Lynch FV kr 1.93 kr 2.76 kr 3.59 50
PEG = 1.0 kr 1.93 kr 2.76 kr 3.59 46
EPV kr 0.6090 kr 0.6769 kr 0.7308 59
Multiples
P/E Multiple kr 1.18 kr 1.58 kr 1.97 63
P/S Multiple kr 0.0529 kr 0.0709 kr 0.0889 58
P/B Multiple kr 0.2985 kr 0.3973 kr 0.4972 55
EV/EBIT kr 1.30 kr 1.72 kr 2.14 53
EV/EBITDA kr 0.9564 kr 1.26 kr 1.56 54
EV/Revenue kr 0.0988 kr 0.1208 kr 0.1418 43
Asset-Based
NCAV (Graham) kr 0.0659 kr 0.0889 kr 0.1328 50
Economic Profit
Residual Income kr 0.5720 kr 0.9654 kr 18.14 61
ROIC Compounder kr 0.6799 kr 0.8456 kr 1.02 67
Growth Earnings
Growth-Adj P/E kr 2.49 kr 3.56 kr 4.63 68

Widest divergence: Growth Earnings (kr 3.56) versus Asset-Based (kr 0.0889). Highest evidence: Growth-Adj P/E (68).

Key figures & financial health

Revenue (TTM) 78.0K SEK
Revenue growth (YoY) -55.7%
Net margin 13,479%
Return on equity 86.5%
Free cash flow −3.4M SEK FY2025
P/E ratio 1.2
More key figures
Operating margin -792%
EPS (TTM) kr 0.8700
Net cash 6.9M SEK FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 54 · Market factors (momentum, volatility) 45

Profitability 66
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 48
Distance to the 52-week high (market factor)
Net Issuance 31
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Blick Global Group reported revenue of kr 3.9M in FY2025 versus kr 16.5M in FY2021, a compound −30.2%/yr. Reported net income was kr 11.0M in FY2025.

Growth Quality 16/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.9M SEK
Avg. growth/yr (3Y)
−45.8%
Avg. growth/yr (5Y)
−29.1%
Avg. growth/yr (13Y)
−7.7%
Revenue −30.2%/yr
FY21 kr 16.5M
FY22 kr 24.7M
FY23 kr 29.4M
FY24 kr 176K
FY25 kr 3.9M
Net income
FY21 −kr 2.5M
FY22 −kr 5.0M
FY23 −kr 86.8M
FY24 −kr 1.5M
FY25 kr 11.0M

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Cite: Fair Value Calculator (2026). "Blick Global Group Fair Value". https://www.fairvalue-calculator.com/stock/BLICK

Peer Group

Gambling · 57 stocks

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.

Quality Score 53 · Below median
Fair Value upside +21% · Above median
Return on equity (TTM) 86% · Top 25%
Return on assets -3% · Bottom 25%
Revenue growth -56% · Bottom 25%

Valuation Multiples vs Gambling median · lower = cheaper

P/E (TTM) 1.2× · Cheaper than 75% of peers
P/B 0.08× · Cheaper than 75% of peers
P/S (TTM) 19.43× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 62 / 34
FUTURE 0 / 13
PAST 100 / 27
HEALTH 0 / 89
DIVIDEND 0 / 70

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Gambling

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Gambling stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Flutter Entertainment plc FLUT $110.66 $88.33 -20%
Evolution AB EVO kr 684.00 kr 974.80 +43%
The Lottery Corporation TLC A$5.62 A$2.99 -47%
Super Group SGHC $14.73 $9.39 -36%
Lottomatica Group LTMC €25.62 €16.38 -36%
Light & Wonder, Inc LNWO $78.94 $70.17 -11%
Churchill Downs Incorporated CHDN $83.95 $94.74 +13%
FDJ United FDJ €23.24 €20.97 -10%
Brightstar Lottery PLC BRSL $10.71 $17.61 +64%
Tabcorp Holdings TAH A$0.8750 A$0.3700 -58%

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Frequently asked questions

Is Blick Global Group (BLICK) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of kr 1.26 versus a price of kr 1.04, about +21% (undervalued).
What is the fair value of BLICK?
Our model-based fair value for Blick Global Group is kr 1.26 (as of Aug 2, 2026), built from audited fundamentals. The current price is kr 1.04.
What is the quality score of BLICK?
Blick Global Group has a Quality Score of 53/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Blick Global Group (BLICK)?
Blick Global Group reported trailing-twelve-month revenue of about 78.0K SEK (latest available figure, as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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