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Thunderful Group AB is mainly a pan-Nordic group that develops and publishes PC, console, and mobile games for the universal gaming market, as well as distributes games, game consoles, game accessories, and toys in the Nordic market. The group encompasses a games publishing business, six game studios with various creative and technological expertise, and a services business. The company operates in two business segments, which include Thunderful Games and Thunderful Distribution.
2019
217
LTM Revenue $30.1M
LTM EBITDA -$1.7M
$10.6M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Thunderful Group has a last 12-month revenue (LTM) of $30.1M and a last 12-month EBITDA of -$1.7M.
In the most recent fiscal year, Thunderful Group achieved revenue of $30.2M and an EBITDA of $14.8M.
Thunderful Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Thunderful Group valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $30.1M | XXX | $30.2M | XXX | XXX | XXX |
| Gross Profit | $23.0M | XXX | $33.3M | XXX | XXX | XXX |
| Gross Margin | 76% | XXX | 110% | XXX | XXX | XXX |
| EBITDA | -$1.7M | XXX | $14.8M | XXX | XXX | XXX |
| EBITDA Margin | -6% | XXX | 49% | XXX | XXX | XXX |
| EBIT | -$60.8M | XXX | -$91.7M | XXX | XXX | XXX |
| EBIT Margin | -202% | XXX | -304% | XXX | XXX | XXX |
| Net Profit | -$44.4M | XXX | -$91.5M | XXX | XXX | XXX |
| Net Margin | -147% | XXX | -303% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Thunderful Group's stock price is SEK 1 (or $0).
Thunderful Group has current market cap of SEK 52.8M (or $5.4M), and EV of SEK 103M (or $10.6M).
See Thunderful Group trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10.6M | $5.4M | XXX | XXX | XXX | XXX | n/a |
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Start Free TrialAs of May 30, 2025, Thunderful Group has market cap of $5.4M and EV of $10.6M.
Thunderful Group's trades at 0.4x EV/Revenue multiple, and 0.7x EV/EBITDA.
Equity research analysts estimate Thunderful Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Thunderful Group has a P/E ratio of -0.1x.
See valuation multiples for Thunderful Group and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5.4M | XXX | $5.4M | XXX | XXX | XXX |
| EV (current) | $10.6M | XXX | $10.6M | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | -6.3x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBIT | -0.2x | XXX | -0.1x | XXX | XXX | XXX |
| EV/Gross Profit | 0.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | -0.1x | XXX | -0.1x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 1.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialThunderful Group's last 12 month revenue growth is 2%
Thunderful Group's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.6M for the same period.
Thunderful Group's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Thunderful Group's rule of X is -1% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Thunderful Group and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | -6% | XXX | 49% | XXX | XXX | XXX |
| EBITDA Growth | -268% | XXX | -74% | XXX | XXX | XXX |
| Rule of 40 | 12% | XXX | 51% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | -1% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 414% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Azerion Group | XXX | XXX | XXX | XXX | XXX | XXX |
| PlaySide Studios | XXX | XXX | XXX | XXX | XXX | XXX |
| OnMobile | XXX | XXX | XXX | XXX | XXX | XXX |
| Nazara Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Trophy Games | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Thunderful Group acquired XXX companies to date.
Last acquisition by Thunderful Group was XXXXXXXX, XXXXX XXXXX XXXXXX . Thunderful Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Thunderful Group founded? | Thunderful Group was founded in 2019. |
| Where is Thunderful Group headquartered? | Thunderful Group is headquartered in Sweden. |
| How many employees does Thunderful Group have? | As of today, Thunderful Group has 217 employees. |
| Who is the CEO of Thunderful Group? | Thunderful Group's CEO is Mr. Martin Walfisz. |
| Is Thunderful Group publicy listed? | Yes, Thunderful Group is a public company listed on STO. |
| What is the stock symbol of Thunderful Group? | Thunderful Group trades under THUNDR ticker. |
| When did Thunderful Group go public? | Thunderful Group went public in 2020. |
| Who are competitors of Thunderful Group? | Similar companies to Thunderful Group include e.g. Azerion Group, PlaySide Studios, OnMobile, Nazara Technologies. |
| What is the current market cap of Thunderful Group? | Thunderful Group's current market cap is $5.4M |
| What is the current revenue of Thunderful Group? | Thunderful Group's last 12 months revenue is $30.1M. |
| What is the current revenue growth of Thunderful Group? | Thunderful Group revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Thunderful Group? | Current revenue multiple of Thunderful Group is 0.4x. |
| Is Thunderful Group profitable? | Yes, Thunderful Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Thunderful Group? | Thunderful Group's last 12 months EBITDA is -$1.7M. |
| What is Thunderful Group's EBITDA margin? | Thunderful Group's last 12 months EBITDA margin is -6%. |
| What is the current EV/EBITDA multiple of Thunderful Group? | Current EBITDA multiple of Thunderful Group is -6.3x. |
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