Redeye reviews CSG following its Q2 2026/2027 report, which came in below our expectations on both the top line and Cash EBIT, driven by a weaker baseline, while the game launch uplift from Valheim’s 1.0 release and console ports was broadly in line with our expectations. Still, cash flow remained solid, with free cash flow of SEK68m. Following the report, we lower our estimates and our fundamental value (base case) to SEK21 (25), with our fair value at SEK21 (24.4). The stock screens as “Fairly Priced”.
LÄS MER
