As of May 23, 2025, Spiffbet AB has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $1.22, this represents a potential upside of -57592.7%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -65475.9% |
| Potential Upside (10-year) | -57592.7% |
| Discount Rate (WACC) | 4.9% - 6.1% |
Revenue is projected to grow from $61 million in 12-2022 to $59 million by 12-2032, representing a compound annual growth rate of approximately -0.3%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2022 | 61 | 36% |
| 12-2023 | 45 | -26% |
| 12-2024 | 47 | 3% |
| 12-2025 | 48 | 2% |
| 12-2026 | 50 | 3% |
| 12-2027 | 51 | 4% |
| 12-2028 | 52 | 2% |
| 12-2029 | 53 | 2% |
| 12-2030 | 56 | 4% |
| 12-2031 | 57 | 2% |
| 12-2032 | 59 | 4% |
Net profit margin is expected to improve from -64% in 12-2022 to -50% by 12-2032, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2022 | (39) | -64% |
| 12-2023 | (30) | -65% |
| 12-2024 | (29) | -62% |
| 12-2025 | (28) | -59% |
| 12-2026 | (27) | -56% |
| 12-2027 | (27) | -53% |
| 12-2028 | (27) | -52% |
| 12-2029 | (27) | -51% |
| 12-2030 | (28) | -51% |
| 12-2031 | (29) | -50% |
| 12-2032 | (30) | -50% |
with a 5-year average of $0 million. Projected CapEx is expected to maintain at approximately 1% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2023 | 0 |
| 12-2024 | 0 |
| 12-2025 | 0 |
| 12-2026 | 0 |
| 12-2027 | 1 |
| 12-2028 | 1 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 39 |
| Days Inventory | 0 |
| Days Payables | 25 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 6M/2023 | (15) | (0) | 0 | 0 | (15) |
| 2024 | (29) | (1) | 1 | (0) | (29) |
| 2025 | (28) | (1) | 1 | 0 | (28) |
| 2026 | (27) | (1) | 1 | 0 | (28) |
| 2027 | (27) | (1) | 1 | 0 | (27) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -65475.9% |
| 10-Year DCF (Growth) | 0.00 | -57592.7% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is Spiffbet AB (SPIFF.ST) a buy or a sell? Spiffbet AB is definitely a sell. Based on our DCF analysis, Spiffbet AB (SPIFF.ST) appears to be overvalued with upside potential of -57592.7%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $1.22.