Analysts Maintain Starbreeze Price Target as Subscription Launch Offsets Impairment News

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

15 Apr 25

Updated

04 Dec 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-50.3%

7D

-5.8%

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1Y

-50.3%

7D

-5.8%

You can edit this narrative until Dec 5 2:10 AM. Then, changes will post as Updates.

Author's Valuation

SEK 0.2149.3% undervalued

AnalystConsensusTarget Fair Value

Shared on 04 Dec 25

STAR B: Portfolio Reallocation And New Subscription Model Will Drive Long-Term Upside

Analysts have slightly reduced their price target on Starbreeze, citing a lower assumed future price-to-earnings multiple and a reduced discount rate that together temper upside expectations, despite unchanged fair value estimates around €0.21 per share. What's in the News Recorded a non cash impairment of approximately SEK 255 million in the third quarter of 2025, writing down previously capitalized development costs to refocus resources on higher potential projects (company disclosure) Announced a new PAYDAY 2 subscription service on Steam, offering access to more than 65 DLCs for a monthly or semiannual fee, with flexible cancellation (company announcement) Launched promotional pricing tied to the PAYDAY franchise anniversary, combining a 95% discount on the PAYDAY 2 base game with the new subscription to create a low cost entry point for new players (company announcement) Valuation Changes Fair Value: Unchanged at approximately €0.21 per share, indicating stable long term intrinsic value estimates.

Shared on 20 Nov 25

Fair value Decreased 6.67%

STAR B: Disciplined Portfolio Management Will Drive Future Long-Term Upside Potential

Analysts have lowered their price target for Starbreeze from SEK 0.225 to SEK 0.21. They cite more cautious estimates for revenue growth and profit margins as the reason for this adjustment.

Shared on 05 Nov 25

STAR B: Focus On Long-Term Value Will Drive Next Phase Of Upside

Narrative Update on Starbreeze Price Target Analysts have maintained their fair value estimate for Starbreeze at €0.23. They noted only minor adjustments to underlying assumptions and signaled a steady outlook, despite recent refinements to the discount rate and market metrics.

Shared on 22 Oct 25

Analysts have maintained their fair value price target for Starbreeze at €0.23, citing steady revenue growth and profit margin expectations. This comes despite a slight increase in the discount rate.

Shared on 08 Oct 25

Fair value Decreased 33%

Analysts have revised their fair value estimate for Starbreeze downward from SEK 0.34 to SEK 0.23 per share, citing lower projected revenue growth and profit margins. What's in the News Starbreeze launches a new subscription service for PAYDAY 2, granting players instant access to all available downloadable content (Key Developments).

Shared on 21 Aug 25

Fair value Decreased 5.63%

Despite a marked improvement in Starbreeze's net profit margin and a sharp decline in its future P/E ratio, the consensus analyst price target has been lowered from SEK0.355 to SEK0.335. What's in the News Roboquest, a critically acclaimed FPS Roguelite, is now available on PlayStation 5 and 4, featuring 4K resolution, 60 fps, adaptive triggers, and haptic feedback; limited physical copies remain.

Shared on 01 May 25

Fair value Decreased 4.05%

Shared on 24 Apr 25

Fair value Increased 4.23%

AnalystConsensusTarget has decreased revenue growth from 19.3% to 14.3%, increased profit margin from 7.0% to 12.9% and decreased future PE multiple from 30.7x to 17.3x.

AnalystConsensusTarget Fair Value

SEK 0.21

49.3% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

0.55%

Entertainment revenue growth rate

0.42%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.62%

Calculation

SEK 35.89m

Earnings '28

x

14.69x

PE Ratio '28

=

SEK 527.24m

Market Cap '28

SEK 527.24m

Market Cap '28

/

2.16b

No. shares '28

=

SEK 0.24

Share Price '28

SEK 0.24 Share Price '28

Discounted to 2025 @ 5.11% p.a.

=

SEK 0.21

Fair Value '25