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NIP Group Inc. (NIPG) 10-Year Financial Performance & Capital Metrics

NIPG • • Industrial / General
Communication ServicesEntertainmentGaming & Esports EntertainmentEsports Teams & Organizations
AboutNIP Group Inc., through its subsidiaries, operates as an esports company primarily in the People's Republic of China, Sweden, and internationally. It operates Ninjas in Pyjamas, a PC/console esports brand; eStar Gaming, a mobile esports brand. The company also operates a portfolio of esports teams competing at various level in video game titles; and engages in talent management, event production, creative studios, and advertising businesses. In addition, it offers esports education related services to educational institutions; and licenses companies to use the image, including AI and virtual image of its athletes for promotion. NIP Group Inc. was incorporated in 2021 and is based in Stockholm, Sweden.Show more
  • Revenue $85M +1.9%
  • EBITDA -$11M -38.2%
  • Net Income -$13M +4.3%
  • EPS (Diluted) -1.30 +36.3%
  • Gross Margin 3.53% -59.0%
  • EBITDA Margin -13.15% -35.6%
  • Operating Margin -19.81% -13.1%
  • Net Margin -14.88% +6.1%
  • ROE -5.16% +33.5%
  • ROIC -5.01% +20.1%
  • Debt/Equity 0.08 +76.4%
  • Interest Coverage -31.42 -12.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 7 (bottom 7%)
  • ✗Shares diluted 34.3% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y38.92%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg-11.16%
5Y Avg-11.16%
3Y Avg-7.05%
Latest-6.06%

Peer Comparison

Esports Teams & Organizations
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AGAEAllied Gaming & Entertainment Inc.13.5M0.36-0.8018.6%-290.24%-9.45%0.40
NIPGNIP Group Inc.109.54M1.11-0.851.91%-31.18%-10.32%0.08

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+5.67M31.8M65.84M83.67M85.27M
Revenue Growth %-4.61%1.07%0.27%0.02%
Cost of Goods Sold+4.73M32.4M62.09M76.47M82.26M
COGS % of Revenue0.83%1.02%0.94%0.91%0.96%
Gross Profit+942.63K-593.12K3.74M7.2M3.01M
Gross Margin %0.17%-0.02%0.06%0.09%0.04%
Gross Profit Growth %--1.63%7.31%0.92%-0.58%
Operating Expenses+3.82M7.86M11.82M21.85M19.9M
OpEx % of Revenue0.67%0.25%0.18%0.26%0.23%
Selling, General & Admin3.82M7.86M11.82M21.85M19.9M
SG&A % of Revenue0.67%0.25%0.18%0.26%0.23%
Research & Development00000
R&D % of Revenue-----
Other Operating Expenses-24.18K0000
Operating Income+-2.88M-8.45M-8.08M-14.65M-16.89M
Operating Margin %-0.51%-0.27%-0.12%-0.18%-0.2%
Operating Income Growth %--1.94%0.04%-0.81%-0.15%
EBITDA+-2.57M-4.97M-2.59M-8.12M-11.21M
EBITDA Margin %-0.45%-0.16%-0.04%-0.1%-0.13%
EBITDA Growth %--0.94%0.48%-2.13%-0.38%
D&A (Non-Cash Add-back)313.12K3.48M5.49M6.53M5.67M
EBIT-2.9M-7.55M-5.58M-13.94M-14.52M
Net Interest Income+-178.25K-519.5K-460K-523.32K-537.48K
Interest Income00000
Interest Expense178.25K519.5K460K523.32K537.48K
Other Income/Expense-202.43K377.79K1.13M193.24K1.83M
Pretax Income+-3.08M-8.07M-6.45M-14.46M-15.06M
Pretax Margin %-0.54%-0.25%-0.1%-0.17%-0.18%
Income Tax+130.21K65.89K-139.45K-1.2M-2.37M
Effective Tax Rate %1.04%0.99%0.96%0.92%0.84%
Net Income+-3.21M-8M-6.22M-13.26M-12.69M
Net Margin %-0.57%-0.25%-0.09%-0.16%-0.15%
Net Income Growth %--1.49%0.22%-1.13%0.04%
Net Income (Continuing)-3.21M-8.14M-6.05M-13.26M-12.69M
Discontinued Operations00000
Minority Interest06.35M5M5M4.94M
EPS (Diluted)+-0.11-0.28-0.22-2.04-1.30
EPS Growth %--1.55%0.21%-8.27%0.36%
EPS (Basic)-0.11-0.28-0.22-2.04-1.30
Diluted Shares Outstanding28.03M28.03M28.03M28.03M37.64M
Basic Shares Outstanding28.03M28.03M28.03M28.03M37.64M
Dividend Payout Ratio-----

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+6.44M28.99M32.84M29.35M44.42M
Cash & Short-Term Investments5.05M11.41M9.59M7.59M12.55M
Cash Only5.05M11.41M9.59M7.59M9.56M
Short-Term Investments00003M
Accounts Receivable853.86K15.91M15.55M19.15M29.17M
Days Sales Outstanding54.93182.686.1983.56124.85
Inventory22.61K0480.29K165.51K135.59K
Days Inventory Outstanding1.74-2.820.790.6
Other Current Assets1.46K44.42K78.77K109.38K475.21K
Total Non-Current Assets+14.02M111.8M101.1M284.49M268.15M
Property, Plant & Equipment108.77K3.56M4.7M5.04M5.01M
Fixed Asset Turnover52.16x8.93x14.02x16.59x17.02x
Goodwill032.28M29.83M141.4M131.91M
Intangible Assets13.37M75.42M65.38M133.97M127.98M
Long-Term Investments1.56K5933.28K00
Other Non-Current Assets001.18M3.52M1.16M
Total Assets+20.47M140.79M133.94M313.84M312.57M
Asset Turnover0.28x0.23x0.49x0.27x0.27x
Asset Growth %-5.88%-0.05%1.34%-0%
Total Current Liabilities+6.56M33.36M28.52M28.78M40.33M
Accounts Payable1.98M9.14M9.53M12.73M19.07M
Days Payables Outstanding152.96102.975660.7684.62
Short-Term Debt02.67M6.42M5.61M13.88M
Deferred Revenue (Current)8.21K1000K208.69K500.79K1000K
Other Current Liabilities0007.86M0
Current Ratio0.98x0.87x1.15x1.02x1.10x
Quick Ratio0.98x0.87x1.13x1.01x1.10x
Cash Conversion Cycle-96.29-33.0123.5940.83
Total Non-Current Liabilities+20.78M18.87M15.96M32.32M32.77M
Long-Term Debt01.42M03.71M3.38M
Capital Lease Obligations001.57M1.48M1.09M
Deferred Tax Liabilities012.8M10.85M24.66M23.66M
Other Non-Current Liabilities04.65M3.54M2.47M4.64M
Total Liabilities6.56M52.23M44.48M61.1M73.1M
Total Debt+491.95K15.59M14.14M11.44M19.12M
Net Debt-4.56M4.18M4.55M3.84M9.56M
Debt / Equity0.04x0.18x0.16x0.05x0.08x
Debt / EBITDA-----
Net Debt / EBITDA-----
Interest Coverage-16.15x-16.27x-17.57x-28.00x-31.42x
Total Equity+13.9M88.56M89.46M252.74M239.46M
Equity Growth %-5.37%0.01%1.83%-0.05%
Book Value per Share0.503.163.199.026.36
Total Shareholders' Equity13.9M82.22M84.46M247.74M234.53M
Common Stock1.56K2.75K3.28K3.72K11.34K
Retained Earnings-6.6M-14.67M-29.25M-80.3M-128.92M
Treasury Stock0-16.77M000
Accumulated OCI-279.3K66.55K244.53K5.5M-10.45M
Minority Interest06.35M5M5M4.94M

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+529.78K331.54K-9.63M-5.15M-16.54M
Operating CF Margin %0.09%0.01%-0.15%-0.06%-0.19%
Operating CF Growth %--0.37%-30.03%0.46%-2.21%
Net Income-3.21M-8M-6.22M-13.26M-12.69M
Depreciation & Amortization313.12K3.48M5.49M6.53M5.67M
Stock-Based Compensation2.63M455.75K165.72K6.12M0
Deferred Taxes130.21K60.43K-502.8K-1.38M-2.5M
Other Non-Cash Items2.6M8.94M13.39M325.12K-1.07M
Working Capital Changes668.58K4.43M-8.47M-3.49M-5.96M
Change in Receivables-158.81K-4.5M-6.46M-3.37M-10.93M
Change in Inventory11.63K-339.68K343.79K14.6K0
Change in Payables811.75K2.88M4.12M2.87M6.02M
Cash from Investing+-1.91M7.16M-2.31M2.17M-4.96M
Capital Expenditures-1.94M-9.65M-6.54M-95.92K-714.01K
CapEx % of Revenue0.34%0.3%0.1%0%0.01%
Acquisitions-----
Investments-----
Other Investing21K16.46M4.78M559.08K-2.51M
Cash from Financing+0-1.16M10.38M1.36M23.46M
Debt Issued (Net)-----
Equity Issued (Net)-----
Dividends Paid00000
Share Repurchases-----
Other Financing02.16K-1.54M-1.72M-4.07M
Net Change in Cash-----
Free Cash Flow+-1.41M-9.32M-16.16M-8.75M-18.59M
FCF Margin %-0.25%-0.29%-0.25%-0.1%-0.22%
FCF Growth %--5.59%-0.73%0.46%-1.13%
FCF per Share-0.05-0.33-0.58-0.31-0.49
FCF Conversion (FCF/Net Income)-0.16x-0.04x1.55x0.39x1.30x
Interest Paid00686.09K373.42K552.67K
Taxes Paid001.12K31.8K162.38K

Key Ratios

Metric20202021202220232024
Return on Equity (ROE)-23.1%-15.61%-6.98%-7.75%-5.16%
Return on Invested Capital (ROIC)-23.12%-12.42%-6.49%-6.27%-5.01%
Gross Margin16.61%-1.86%5.68%8.6%3.53%
Net Margin-56.61%-25.16%-9.44%-15.85%-14.88%
Debt / Equity0.04x0.18x0.16x0.05x0.08x
Interest Coverage-16.15x-16.27x-17.57x-28.00x-31.42x
FCF Conversion-0.16x-0.04x1.55x0.39x1.30x
Revenue Growth-460.53%107.01%27.09%1.91%

Revenue by Segment

2024
Sponsorships And Advertising3.86M
Sponsorships And Advertising Growth-
IP Licensing149.99K
IP Licensing Growth-

Frequently Asked Questions

Growth & Financials

NIP Group Inc. (NIPG) reported $83.7M in revenue for fiscal year 2024. This represents a 1375% increase from $5.7M in 2020.

NIP Group Inc. (NIPG) grew revenue by 1.9% over the past year. Growth has been modest.

NIP Group Inc. (NIPG) reported a net loss of $26.1M for fiscal year 2024.

Dividend & Returns

NIP Group Inc. (NIPG) has a return on equity (ROE) of -5.2%. Negative ROE indicates the company is unprofitable.

NIP Group Inc. (NIPG) had negative free cash flow of $6.5M in fiscal year 2024, likely due to heavy capital investments.

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