Mips Valuation
Is MIPS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of MIPS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MIPS (SEK415) is trading below our estimate of fair value (SEK511.99)
Significantly Below Fair Value: MIPS is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MIPS?
Other financial metrics that can be useful for relative valuation.
| What is MIPS's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | SEK 10.99b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 30.1x |
| Enterprise Value/EBITDA | 109.3x |
| PEG Ratio | 3.6x |
Price to Sales Ratio vs Peers
How does MIPS's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.2x | ||
THULE Thule Group | 3.2x | 6.6% | SEK 29.4b |
BOAT Nimbus Group | 0.3x | -0.2% | SEK 511.6m |
GJAB Gullberg & Jansson | 0.5x | n/a | SEK 135.4m |
JM JM | 0.9x | 2.7% | SEK 12.8b |
MIPS Mips | 31.2x | 30.0% | SEK 11.0b |
Price-To-Sales vs Peers: MIPS is expensive based on its Price-To-Sales Ratio (31.2x) compared to the peer average (1.2x).
Price to Earnings Ratio vs Industry
How does MIPS's PE Ratio compare vs other companies in the European Leisure Industry?
Price-To-Sales vs Industry: MIPS is expensive based on its Price-To-Sales Ratio (31.2x) compared to the European Leisure industry average (0.9x).
Price to Sales Ratio vs Fair Ratio
What is MIPS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 31.2x |
| Fair PS Ratio | 6.6x |
Price-To-Sales vs Fair Ratio: MIPS is expensive based on its Price-To-Sales Ratio (31.2x) compared to the estimated Fair Price-To-Sales Ratio (6.6x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | SEK 415.00 | SEK 402.00 -3.1% | 18.0% | SEK 520.00 | SEK 325.00 | n/a | 5 |
| Jun ’25 | SEK 427.60 | SEK 375.00 -12.3% | 12.1% | SEK 435.00 | SEK 325.00 | n/a | 5 |
| May ’25 | SEK 376.20 | SEK 375.00 -0.3% | 12.1% | SEK 435.00 | SEK 325.00 | n/a | 5 |
| Apr ’25 | SEK 351.00 | SEK 370.00 +5.4% | 10.1% | SEK 420.00 | SEK 325.00 | n/a | 5 |
| Mar ’25 | SEK 308.30 | SEK 370.00 +20.0% | 10.1% | SEK 420.00 | SEK 325.00 | n/a | 5 |
| Feb ’25 | SEK 340.30 | SEK 361.00 +6.1% | 6.9% | SEK 400.00 | SEK 330.00 | n/a | 5 |
| Jan ’25 | SEK 364.50 | SEK 392.00 +7.5% | 13.2% | SEK 480.00 | SEK 330.00 | n/a | 5 |
| Dec ’24 | SEK 310.30 | SEK 392.00 +26.3% | 13.2% | SEK 480.00 | SEK 330.00 | n/a | 5 |
| Nov ’24 | SEK 272.60 | SEK 452.00 +65.8% | 13.0% | SEK 530.00 | SEK 360.00 | n/a | 5 |
| Oct ’24 | SEK 370.80 | SEK 507.60 +36.9% | 7.6% | SEK 573.00 | SEK 475.00 | n/a | 5 |
| Sep ’24 | SEK 403.60 | SEK 515.00 +27.6% | 10.0% | SEK 610.00 | SEK 475.00 | n/a | 5 |
| Aug ’24 | SEK 480.40 | SEK 525.00 +9.3% | 9.1% | SEK 610.00 | SEK 480.00 | n/a | 5 |
| Jul ’24 | SEK 534.20 | SEK 497.00 -7.0% | 22.1% | SEK 610.00 | SEK 295.00 | SEK 415.00 | 5 |
| Jun ’24 | SEK 555.00 | SEK 503.00 -9.4% | 22.7% | SEK 610.00 | SEK 295.00 | SEK 427.60 | 5 |
| May ’24 | SEK 552.60 | SEK 493.00 -10.8% | 23.1% | SEK 610.00 | SEK 295.00 | SEK 376.20 | 5 |
| Apr ’24 | SEK 523.60 | SEK 471.00 -10.0% | 20.9% | SEK 600.00 | SEK 295.00 | SEK 351.00 | 5 |
| Mar ’24 | SEK 465.80 | SEK 471.00 +1.1% | 20.9% | SEK 600.00 | SEK 295.00 | SEK 308.30 | 5 |
| Feb ’24 | SEK 407.40 | SEK 379.00 -7.0% | 24.2% | SEK 500.00 | SEK 290.00 | SEK 340.30 | 5 |
| Jan ’24 | SEK 429.90 | SEK 337.40 -21.5% | 8.4% | SEK 385.00 | SEK 310.00 | SEK 364.50 | 5 |
| Dec ’23 | SEK 420.50 | SEK 337.40 -19.8% | 8.4% | SEK 385.00 | SEK 310.00 | SEK 310.30 | 5 |
| Nov ’23 | SEK 348.70 | SEK 337.40 -3.2% | 8.4% | SEK 385.00 | SEK 310.00 | SEK 272.60 | 5 |
| Oct ’23 | SEK 333.60 | SEK 516.00 +54.7% | 27.8% | SEK 800.00 | SEK 430.00 | SEK 370.80 | 5 |
| Sep ’23 | SEK 475.30 | SEK 672.50 +41.5% | 18.1% | SEK 800.00 | SEK 510.00 | SEK 403.60 | 4 |
| Aug ’23 | SEK 546.60 | SEK 672.50 +23.0% | 18.1% | SEK 800.00 | SEK 510.00 | SEK 480.40 | 4 |
| Jul ’23 | SEK 446.90 | SEK 726.67 +62.6% | 12.4% | SEK 800.00 | SEK 600.00 | SEK 534.20 | 3 |
Analyst Forecast: Target price is lower than the current share price.