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

Update shared on 20 Nov 2025

Fair value Decreased 6.67%
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AnalystConsensusTarget's Fair Value
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1Y
-38.1%
7D
-5.8%

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.

What's in the News

  • Starbreeze AB reported a non-cash impairment of approximately SEK 255 million in the third quarter of 2025, related to previously capitalized development costs. The company stated that this reflects disciplined portfolio management to ensure investment is focused on projects with the greatest long-term value creation potential. (Key Developments)
  • Starbreeze Entertainment announced the launch of a new subscription service for PAYDAY 2, providing players with instant access to all available downloadable content through Steam for a monthly or discounted semi-annual fee. This offering coincides with the PAYDAY franchise's anniversary celebrations and features significant discounts on the base game for new players. (Key Developments)

Valuation Changes

  • Fair Value Estimate has been lowered from SEK 0.225 to SEK 0.21.
  • The discount rate increased slightly from 7.45% to 7.61%.
  • Revenue growth forecast was reduced significantly from 9.95% to 2.86%.
  • The net profit margin estimate decreased from 14.50% to 13.42%.
  • The future P/E ratio increased from 13.69x to 15.76x.

Disclaimer

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