Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Stillfront Group AB (publ) is a Swedish game development company specializing in the design, development, marketing, publishing, and sale of digital games across Europe, North America, the Middle East and North Africa, the United Kingdom, and the Asia-Pacific region. The company focuses on the free-to-play segment, emphasizing games with long lifecycles and loyal user bases, including popular titles such as Supremacy 1914, Call of War: World War 2, BitLife, Conflict of Nations: World War 3, Goodgame Empire, Goodgame Big Farm, Jawaker, Warhammer, Albion Online, and Big Farm: Mobile Harvest. Its diversified portfolio spans strategy, simulation, casual, and multiplayer genres, supported by a network of studios like Goodgame Studios, Storm8, and Babil Games. Headquartered in Stockholm and founded in 2007, Stillfront Group AB (publ) employs approximately 1,355 people and serves key markets in the US, Europe, and MENA. As a prominent player in the electronic gaming and multimedia industry, it contributes to the global digital entertainment sector through innovative, engaging content that fosters sustained player communities.
kr 0.35
kr 0.00 (-1.24%)
EOD Jun 25, 2026 · Twelve Data
The business is unprofitable at the operating level (-30.68% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 15.2% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 11% versus the prior year, cash generation momentum has weakened. Net debt of kr 3.87B represents 4.1x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 5.50B
▼ -15.2% YoY
Net Income (TTM)
-kr 2.30B
▲ +67.5% YoY
Op. Margin
-30.94%
▲ +65.2pp YoY
ROIC
-13.16%
▲ +19.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 796M
▼ -11.1% YoY
Op. Cash Flow (TTM)
kr 853M
▼ -11.7% YoY
Net Debt
kr 3.87B
Cash & Equiv.
kr 701M
3Y CAGR: -6.8%
3Y CAGR: -0.8%
Continue Research
Stillfront Group AB (publ) (SF.XSTO) trades below a two-stage DCF intrinsic value of about SEK 20.29 per share, so at SEK 0.35 the stock looks undervalued (5,701.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Stillfront Group AB (publ) scores 21/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SEK 20.29 per share for SF.XSTO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SEK 15.22. At today's SEK 0.35, that puts the stock about 5,701.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Stillfront Group AB (publ) scores 21 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -30.9% operating margin and a -13.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. SF.XSTO currently trades below its estimated intrinsic value and scores 21/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.