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  5. BRAG: Any update and your analysis if this company will ever be going to be reward its shareholders with good working. [Bragg Gaming Group Inc.]
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Q: Any update and your analysis if this company will ever be going to be reward its shareholders with good working. So far it only dilutes it shares every 3 or 4 years by merging or acquiring other small companies.
Thanks
Piyush
Asked by Piyush on October 17, 2024
5i Research Answer:

BRAG is a small ($167M market cap) company, with low-digit sales growth expected over the next few years, although it is unprofitable, but it trades at a cheap valuation of 1.0X forward sales. It has mostly traded sideways over the past year. We consider the name to be a hold though, as it could become profitable soon, it is cheap, and growth is still OK. We would not consider the name to be overly compelling, but it is highly sensitive to economic strength, and so a period of economic growth could be beneficial for this name.