The NAGA Group

DB: N4G

€110.2m market cap

€2.62 last close

The NAGA Group is a fintech start-up in social trading with a flagship product Naga Trader and its own cryptocurrency (NAGA Coin). Headquartered in Hamburg, the company acquired Hanseatic Brokerhouse Group in early 2018, now rebranded to Naga Brokers.

Investment summary

NAGA recorded strong growth in sales and EBITDA in H120 as it benefited from high market volatility triggered by the COVID-19 pandemic. Management confirmed the full-year guidance it had released in late July 2020, which assumes sales of €22–24m (vs €6.2m in FY19) and EBITDA of €5.5–6.0m (vs a loss of €9.2m in FY19). In the coming months, NAGA aims to increase marketing to improve brand awareness and enter new countries (most notably Australia), which it plans to finance with €4.6m raised through a capital increase in July 2020.

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Sector
TMT
Share price graph
Price performance
%
1m
3m
12m
Actual 8.3 22.4 284.2
Relative* (5.9) 19.2 282.6
52-week high/low €4.0/€0.5
*% relative to local index
Key management
Yasin Sebastian Qureshi CEO