Share Price | Golden Matrix Group, Inc. Stock Analysis & Recommendation

Q: Is Golden Matrix Group, Inc. overvalued or undervalued?

As of 24 March 2025, the valuation grade for Golden Matrix Group, Inc. has moved from fair to risky, indicating a significant deterioration in its financial outlook. The company is considered overvalued given its current metrics, particularly with a Price to Book Value of 2.45 and an EV to EBITDA ratio of 20.37, which are high relative to its peers. Additionally, the company’s ROE stands at -3.86%, reflecting ongoing losses and inefficiency in generating returns for shareholders.In comparison to its peers, Golden Matrix Group's valuation ratios are concerning; for instance, Blacksky Technology, Inc. has a more favorable EV to EBITDA of -67.11, while ReposiTrak, Inc. shows a robust P/E of 47.10. The company's recent stock performance has been poor, with a year-to-date return of -49.66% compared to the S&P 500's 12.22%, highlighting the stark underperformance and reinforcing the view that the stock is overvalued.

Q: Is Golden Matrix Group, Inc. technically bullish or bearish?

As of 5 August 2025, the technical trend for Golden Matrix Group, Inc. has changed from mildly bearish to bearish. The current stance is bearish with weak strength indicated by the weekly MACD, which is bearish, and the daily moving averages, also bearish. The Bollinger Bands and KST metrics further confirm a bearish outlook on both weekly and monthly time frames. The Dow Theory shows a mildly bearish stance on both weekly and monthly charts, while the OBV is mildly bearish as well. In terms of performance, the stock has significantly underperformed the S&P 500 across all periods, with a year-to-date return of -49.66% compared to the S&P 500's 12.22%, and a one-year return of -57.40% versus 17.14% for the index.

Q: What does Golden Matrix Group, Inc. do?

Overview: Golden Matrix Group, Inc. operates in the software products industry and is classified as a micro-cap company.Financial Snapshot: Most recent Net Sales: 43 Million (Quarterly Results - Mar 2025) Most recent Net Profit: 0 Million (Quarterly Results - Mar 2025) Market-cap: USD 221.75 Million (Micro Cap)Key Metrics: P/E: NA (Loss Making) Industry P/E: NA Dividend Yield: 0.00% Debt Equity: 0.01 Return on Equity: -3.86% Price to Book: 2.04Contact Details: Registrar Address: Not available.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

48.57 k

Shareholding (Mar 2026)

FII

0.29%

Held by 19 FIIs

DII

99.71%

Held by 1 DIIs

Promoter

0.00%

Is Golden Matrix Group, Inc. overvalued or undervalued?

20-Sep-2025

As of March 24, 2025, Golden Matrix Group, Inc. is considered overvalued and risky due to high valuation ratios, negative ROE, and significant underperformance compared to peers and the S&P 500.

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Is Golden Matrix Group, Inc. technically bullish or bearish?

20-Sep-2025

As of August 5, 2025, Golden Matrix Group, Inc. is in a bearish trend with weak strength indicators, significantly underperforming the S&P 500 with a year-to-date return of -49.66%.

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What does Golden Matrix Group, Inc. do?

22-Jun-2025

Golden Matrix Group, Inc. is a micro-cap company in the software products industry, reporting net sales of $43 million and a market cap of $221.75 million as of March 2025, but currently has no net profit. Key metrics include a P/E ratio of NA, a dividend yield of 0.00%, and a return on equity of -3.86%.

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

High Management Efficiency with a high ROE of 79.66%

The company is Net-Debt Free

Healthy long term growth as Net Sales has grown by an annual rate of 122.43%

Positive results in Sep 25

Risky -

Majority shareholders : Mutual Funds

Underperformed the market in the last 1 year

Mojo Parameters

Stock DNA

Industry

Software Products

Market cap

USD 92 Million (Micro Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

-0.00

Return on Equity

-3.35%

Price to Book

0.74

Revenue and Profits:

Net Sales:

50 Million

(Quarterly Results - Mar 2026)

Net Profit:

2 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

62.36%

6 Months

39.05%

1 Year

-24.47%

2 Years

-59.96%

3 Years

-41.22%

4 Years

-75.34%

5 Years

-87.82%

Golden Matrix Group, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

122.43%

EBIT Growth (5y)

-190.64%

EBIT to Interest (avg)

1.22

Debt to EBITDA (avg)

Net Debt is too low

Net Debt to Equity (avg)

0.01

Sales to Capital Employed (avg)

7.03

Tax Ratio

55.32%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

4.56%

ROCE (avg)

103.63%

ROE (avg)

79.66%

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

0.74

EV to EBIT

-68.41

EV to EBITDA

6.88

EV to Capital Employed

0.74

EV to Sales

0.51

PEG Ratio

Dividend Yield

ROCE (Latest)

-1.09%

ROE (Latest)

-3.35%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

RSI

No Signal

Bullish

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Mildly Bullish

Bearish

Dow Theory

No Trend

OBV

Mildly Bearish

Mildly Bullish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 11 Schemes (1.29%)

Foreign Institutions

Held by 19 Foreign Institutions (0.29%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Mar'26 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Mar 2026 is 17.33% vs 71.49% in Mar 2025",
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        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Mar 2026 is 833.33% vs -107.69% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Mar'25",
        "Change(%)"
      ],
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          "val1": "50.10",
          "val2": "42.70",
          "chgp": "17.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "5.60",
          "val2": "3.60",
          "chgp": "55.56%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.40",
          "val2": "1.50",
          "chgp": "-73.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "-0.10",
          "chgp": "100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "2.20",
          "val2": "-0.30",
          "chgp": "833.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "63.00%",
          "val2": "1.00%",
          "chgp": "6.20%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
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          "val2": "151.10",
          "chgp": "21.05%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-80.90",
          "val2": "15.70",
          "chgp": "-615.29%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "4.60",
          "val2": "3.50",
          "chgp": "31.43%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-0.10",
          "val2": "-2.20",
          "chgp": "95.45%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-92.00",
          "val2": "-1.40",
          "chgp": "-6,471.43%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-525.30%",
          "val2": "32.60%",
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          "chgp_class": "negative"
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    }
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]

Quarterly Results Snapshot (Consolidated) - Mar'26 - YoY

Mar'26

Mar'25

Change(%)

Net Sales

50.10

42.70

17.33%

Operating Profit (PBDIT) excl Other Income

5.60

3.60

55.56%

Interest

0.40

1.50

-73.33%

Exceptional Items

0.00

-0.10

100.00%

Consolidate Net Profit

2.20

-0.30

833.33%

Operating Profit Margin (Excl OI)

63.00%

1.00%

6.20%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Mar 2026 is 17.33% vs 71.49% in Mar 2025

Consolidated Net Profit

YoY Growth in quarter ended Mar 2026 is 833.33% vs -107.69% in Mar 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

182.90

151.10

21.05%

Operating Profit (PBDIT) excl Other Income

-80.90

15.70

-615.29%

Interest

4.60

3.50

31.43%

Exceptional Items

-0.10

-2.20

95.45%

Consolidate Net Profit

-92.00

-1.40

-6,471.43%

Operating Profit Margin (Excl OI)

-525.30%

32.60%

-55.79%

USD in Million.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Consolidated Net Profit

Not Applicable: The company has declared_date for only one period

All Annual Results

Company CV

About Golden Matrix Group, Inc.

Golden Matrix Group, Inc.

Software Products

No Details Available.

Company Coordinates

No Company Details Available