Anghami Inc. (ANGH) AI Stock Analysis

• Market Cap: $19.01M
• Dividend Yield: N/A
• Average Volume (3M): 21.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.23
• Revenue Growth: 13.03%
• EPS Growth: 19.07%
• Country: US
• Employees: 146
• Sector: Communication Services
• Sector Strength: 80
• Industry: Entertainment
• EPS (TTM): -0.71
• Shares Outstanding: 29,709,640
• 10 Day Avg. Volume: 13,488
• 30 Day Avg. Volume: 21,857
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.48
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

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. Business Overview & Revenue Model

Company Description

Anghami Inc. operates a digital music entertainment technology platform in the Middle East and North Africa. It offers a music application and platform that provides Arabic and international music to stream and download. The company was founded in 2012 and is based in Abu Dhabi, the United Arab Emirates.

How the Company Makes Money

Anghami 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

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

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

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 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
41.38M	48.48M	35.50M	30.52M	31.23M
	Gross Profit
10.29M	9.35M	9.04M	8.17M	9.91M
	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 Sheet		Cash, Cash Equivalents and Short-Term Investments
6.24M	3.14M	1.08M	5.78M	1.26M
	Total Assets
19.46M	29.63M	13.03M	14.26M	10.72M
	Total Debt
170.90K	360.80K	18.78M	13.06M	6.26M
	Net Debt
-6.07M	-2.76M	18.13M	7.45M	4.99M
	Total Liabilities
33.56M	36.07M	40.99M	32.17M	23.35M
	Stockholders Equity
-12.92M	-5.12M	-26.84M	-17.06M	-11.93M
Cash Flow		Free Cash Flow
-5.12M	-11.07M	-15.23M	-726.15K	-1.94M
	Operating Cash Flow
-3.81M	84.66K	-13.89M	171.16K	-939.96K
	Investing Cash Flow
-1.31M	-12.58M	-1.49M	-897.31K	-995.92K
	Financing Cash Flow
8.24M	14.97M	10.40M	5.29M	2.43M

Anghami Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANGH, the sentiment is Neutral. The current price of 0.64 is above the 20-day moving average (MA) of 0.61, below the 50-day MA of 0.65, and below the 200-day MA of 0.78, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 53.77 is Neutral, neither overbought nor oversold. The STOCH value of 50.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ANGH.

Anghami Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	58 Neutral	$13.61B	6.75	-2.45%	3.85%	2.33%	-35.55%
LVO	58 Neutral	$60.99M	―	154.70%	―	11.43%	26.78%
DLPN	47 Neutral	$12.17M	―	-79.76%	―	19.85%	41.89%
KUKE	41 Neutral	$16.81M	―	-109.46%	―	―	―
HOFV	36 Underperform	$4.85M	―	-55.61%	―	-12.12%	27.21%
TOON	35 Underperform	$25.61M	―	-47.93%	―	-26.34%	76.18%
ANGH	33 Underperform	$19.01M	―	-80.27%	―	13.03%	19.07%