The NAGA Group

DB: N4G

Market Cap€322.9m

Last Close €7.68

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.

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Investment summary

NAGA Group continues to benefit from retail investor activity and volatility in financial markets, further underpinned by its social trading functionalities (trade copy feature in particular). Consequently, after completing its restructuring in FY19, NAGA posted a positive EBITDA and a small net profit in FY20, with management now guiding to robust FY21 sales of €50–52m (€24.5m was already generated in H121) and EBITDA of €13–15m. Recently, it also secured further funding through convertible bonds with a volume up to €25m (of which €8.0m has already been issued).

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Share price graph
Price performance
%
1m
3m
12m
Actual 50.3 24.7 272.8
Relative* 53.2 25.7 202.8
52-week high/low €8.8/€2.0
*% relative to local index
Key management
Ben Bilski CEO