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Anghami Inc. (ANGH)
NASDAQ:ANGH
US Market

Anghami Inc. (ANGH) AI Stock Analysis

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Anghami Inc.

(NASDAQ:ANGH)

33Underperform
Anghami Inc.'s stock is facing substantial challenges primarily due to poor financial performance characterized by declining revenues and negative profitability. Technical indicators also suggest a lack of positive momentum. The negative valuation metrics further decrease its attractiveness. Overall, the stock is considered high risk with significant downside potential unless there is a strategic turnaround.

Anghami Inc. (ANGH) vs. S&P 500 (SPY)

Anghami Inc. Business Overview & Revenue Model

Company DescriptionAnghami Inc. (ANGH) is a leading digital music streaming platform based in the Middle East and North Africa (MENA) region. The company provides a comprehensive music streaming service, offering a vast library of Arabic and international songs, podcasts, and other audio content. Anghami's platform is accessible via mobile, desktop, and smart devices, catering to music enthusiasts with personalized playlists, music recommendations, and social sharing features.
How the Company Makes MoneyAnghami Inc. generates revenue primarily through a freemium business model, combining both subscription-based and ad-supported streaming services. Users can access a free version of the platform that includes advertisements, while premium subscribers pay a monthly or annual fee for an ad-free experience with additional features such as offline listening and high-quality audio. The company also earns revenue from partnerships with telecom operators, which offer Anghami's service bundled with their mobile data plans. Additionally, Anghami collaborates with brands for advertising campaigns and sponsored content, further diversifying its income streams.

Anghami Inc. Financial Statement Overview

Summary
Anghami Inc. faces significant financial instability with declining revenues, negative profitability margins, and a deteriorating balance sheet marked by negative equity. Persistent cash flow issues further exacerbate the company's challenges, highlighting the need for strategic financial restructuring and operational improvements to mitigate risks and stabilize its financial health.
Income Statement
30
Negative
Anghami Inc. shows a consistent decline in revenue with a negative revenue growth rate of approximately -14.66% from 2022 to 2023. The company has negative net and gross profit margins, and its EBIT and EBITDA margins are also negative, indicating ongoing operational challenges and unprofitability.
Balance Sheet
25
Negative
The company's balance sheet is in a precarious state with negative stockholders' equity indicating insolvency. Furthermore, the total liabilities exceed total assets, which is a significant risk. The debt-to-equity ratio is not meaningful due to negative equity, while the equity ratio is also negative, reflecting an unstable capital structure.
Cash Flow
35
Negative
The operating cash flow and free cash flow are both negative, though there is a notable reduction in cash outflows compared to previous years. However, the free cash flow growth rate remains negative, suggesting persistent cash flow challenges. The operating cash flow to net income ratio is not favorable, indicating cash flow inefficiency.
Breakdown
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income StatementTotal Revenue
41.38M48.48M35.50M30.52M31.23M
Gross Profit
10.29M9.35M9.04M8.17M9.91M
EBIT
-14.56M-14.55M-13.56M-2.55M-5.25M
EBITDA
-11.52M-55.98M-14.08M-2.93M-4.66M
Net Income Common Stockholders
-15.81M-61.22M-18.05M-5.74M-6.95M
Balance SheetCash, Cash Equivalents and Short-Term Investments
6.24M3.14M1.08M5.78M1.26M
Total Assets
19.46M29.63M13.03M14.26M10.72M
Total Debt
170.90K360.80K18.78M13.06M6.26M
Net Debt
-6.07M-2.76M18.13M7.45M4.99M
Total Liabilities
33.56M36.07M40.99M32.17M23.35M
Stockholders Equity
-12.92M-5.12M-26.84M-17.06M-11.93M
Cash FlowFree Cash Flow
-5.12M-11.07M-15.23M-726.15K-1.94M
Operating Cash Flow
-3.81M84.66K-13.89M171.16K-939.96K
Investing Cash Flow
-1.31M-12.58M-1.49M-897.31K-995.92K
Financing Cash Flow
8.24M14.97M10.40M5.29M2.43M

Anghami Inc. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.71
Price Trends
50DMA
0.69
Positive
100DMA
0.73
Negative
200DMA
0.81
Negative
Market Momentum
MACD
<0.01
Negative
RSI
52.77
Neutral
STOCH
68.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANGH, the sentiment is Positive. The current price of 0.71 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.69, and below the 200-day MA of 0.81, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.77 is Neutral, neither overbought nor oversold. The STOCH value of 68.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ANGH.

Anghami Inc. Risk Analysis

Anghami Inc. disclosed 72 risk factors in its most recent earnings report. Anghami Inc. reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Anghami Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TMTME
80
Outperform
$24.37B24.0210.75%0.92%0.63%34.09%
76
Outperform
$112.67B91.8428.91%18.36%
73
Outperform
$2.04T34.9024.29%10.99%91.61%
63
Neutral
$12.17B16.4696.72%1.13%12.39%-25.62%
59
Neutral
$27.95B0.82-25.77%4.12%2.13%-46.61%
49
Neutral
$7.71B-37.33%4.71%-2.84%-249.80%
33
Underperform
$21.09M-80.27%13.03%19.07%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ANGH
Anghami Inc.
0.71
-1.24
-63.59%
AMZN
Amazon
192.72
11.75
6.49%
SIRI
Sirius XM Holdings
22.75
-14.12
-38.30%
SPOT
Spotify
561.16
294.73
110.62%
TME
Tencent Music Entertainment Group
14.38
3.35
30.37%
PNDRY
Pandora
19.36
-0.52
-2.62%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.