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Gaming Innovation Group: Strong market plays in GiG’s favour - SEB

The investment case remains centred around the company’s transition and we expect the next leg to deliver growth, and profitability to scale as it does, with the long-term EBITDA margin target of >40% being credible in our view. We have made minor positive estimate changes and we expect good market activity to have benefitted GiG in Q1. Our DCF value range is updated to SEK 25-37 and our SOTP value is SEK 27 per share.

The investment case remains centred around the company’s transition and we expect the next leg to deliver growth, and profitability to scale as it does, with the long-term EBITDA margin target of >40% being credible in our view. We have made minor positive estimate changes and we expect good market activity to have benefitted GiG in Q1. Our DCF value range is updated to SEK 25-37 and our SOTP value is SEK 27 per share.
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