Mips AB (publ)

OM:MIPS Stock Report

Market Cap: SEK 10.9b

Mips Valuation

Is MIPS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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.

Discounted Cash Flow
Simply Wall St
SEK 561.42
Fair Value
28.3% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: MIPS (SEK402.8) is trading below our estimate of fair value (SEK561.42)

Significantly Below Fair Value: MIPS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIPS?

Key metric: As MIPS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MIPS. This is calculated by dividing MIPS's market cap by their current earnings.
What is MIPS's PE Ratio?
PE Ratio76.2x
EarningsSEK 140.00m
Market CapSEK 10.89b

Price to Earnings Ratio vs Peers

How does MIPS's PE Ratio compare to its peers?

The above table shows the PE ratio for MIPS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.4x
THULE Thule Group
29.2x18.34%SEK 30.0b
JM JM
36.6x59.74%SEK 9.3b
NEWA B New Wave Group
16.5x20.65%SEK 14.3b
ELUX B AB Electrolux
119.2x65.10%SEK 16.7b
MIPS Mips
76.2x41.89%SEK 10.9b

Price-To-Earnings vs Peers: MIPS is expensive based on its Price-To-Earnings Ratio (76.2x) compared to the peer average (50.4x).

Price to Earnings Ratio vs Industry

How does MIPS's PE Ratio compare vs other companies in the European Leisure Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
MIPS 76.2xIndustry Avg. 23.9xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MIPS is expensive based on its Price-To-Earnings Ratio (76.2x) compared to the European Leisure industry average (23.9x).

Price to Earnings Ratio vs Fair Ratio

What is MIPS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MIPS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio76.2x
Fair PE Ratio36.7x

Price-To-Earnings vs Fair Ratio: MIPS is expensive based on its Price-To-Earnings Ratio (76.2x) compared to the estimated Fair Price-To-Earnings Ratio (36.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MIPS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 402.80
SEK 575.00
+42.75%
8.20%SEK 650.00SEK 530.00n/a4
Aug ’26SEK 403.00
SEK 575.00
+42.68%
8.20%SEK 650.00SEK 530.00n/a4
Jul ’26SEK 442.80
SEK 562.50
+27.03%
10.99%SEK 650.00SEK 480.00n/a4
Jun ’26SEK 411.80
SEK 555.00
+34.77%
10.07%SEK 630.00SEK 480.00n/a4
May ’26SEK 341.80
SEK 588.75
+72.25%
8.42%SEK 645.00SEK 530.00n/a4
Apr ’26SEK 397.00
SEK 622.00
+56.68%
11.78%SEK 725.00SEK 500.00n/a5
Mar ’26SEK 489.00
SEK 630.00
+28.83%
11.52%SEK 725.00SEK 500.00n/a5
Feb ’26SEK 542.00
SEK 613.00
+13.10%
10.10%SEK 680.00SEK 500.00n/a5
Jan ’26SEK 470.40
SEK 617.00
+31.16%
10.40%SEK 680.00SEK 500.00n/a5
Dec ’25SEK 484.20
SEK 617.00
+27.43%
10.40%SEK 680.00SEK 500.00n/a5
Nov ’25SEK 518.50
SEK 611.00
+17.84%
10.94%SEK 680.00SEK 500.00n/a5
Oct ’25SEK 535.00
SEK 589.00
+10.09%
9.37%SEK 650.00SEK 500.00n/a5
Sep ’25SEK 582.00
SEK 554.00
-4.81%
21.49%SEK 650.00SEK 325.00n/a5
Aug ’25SEK 525.00
SEK 554.00
+5.52%
21.49%SEK 650.00SEK 325.00SEK 403.005
Jul ’25SEK 416.20
SEK 402.00
-3.41%
17.98%SEK 520.00SEK 325.00SEK 442.805
Jun ’25SEK 427.60
SEK 375.00
-12.30%
12.07%SEK 435.00SEK 325.00SEK 411.805
May ’25SEK 376.20
SEK 375.00
-0.32%
12.07%SEK 435.00SEK 325.00SEK 341.805
Apr ’25SEK 351.00
SEK 370.00
+5.41%
10.15%SEK 420.00SEK 325.00SEK 397.005
Mar ’25SEK 308.30
SEK 370.00
+20.01%
10.15%SEK 420.00SEK 325.00SEK 489.005
Feb ’25SEK 340.30
SEK 361.00
+6.08%
6.92%SEK 400.00SEK 330.00SEK 542.005
Jan ’25SEK 364.50
SEK 392.00
+7.54%
13.22%SEK 480.00SEK 330.00SEK 470.405
Dec ’24SEK 310.30
SEK 392.00
+26.33%
13.22%SEK 480.00SEK 330.00SEK 484.205
Nov ’24SEK 272.60
SEK 452.00
+65.81%
12.99%SEK 530.00SEK 360.00SEK 518.505
Oct ’24SEK 370.80
SEK 507.60
+36.89%
7.56%SEK 573.00SEK 475.00SEK 535.005
Sep ’24SEK 403.60
SEK 515.00
+27.60%
10.01%SEK 610.00SEK 475.00SEK 582.005
Aug ’24SEK 480.40
SEK 525.00
+9.28%
9.06%SEK 610.00SEK 480.00SEK 525.005
AnalystConsensusTarget
Consensus Narrative from 4 Analysts
SEK 575.00
Fair Value
29.9% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/20 17:37
End of Day Share Price 2025/08/20 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mips AB (publ) is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Karl VikströmBerenberg
Emanuel JanssonDanske Bank