Modern Times Group MTG (MTG B) Stock Overview
Through its subsidiaries, engages in the provision of game franchises in Sweden, the United Kingdom, Germany, rest of Europe, Singapore, India, the United States, and New Zealand. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
MTG B Community Fair Values
Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Modern Times Group MTG AB Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | SEK 133.20 |
| 52 Week High | SEK 142.00 |
| 52 Week Low | SEK 82.90 |
| Beta | 0.80 |
| 1 Month Change | 5.80% |
| 3 Month Change | 52.32% |
| 1 Year Change | 23.22% |
| 3 Year Change | 90.01% |
| 5 Year Change | 13.75% |
| Change since IPO | 131.65% |
Recent News & Updates
Analysis Article • May 07
We Think Modern Times Group MTG's (STO:MTG B) Profit Is Only A Baseline For What They Can Achieve
Modern Times Group MTG AB's ( STO:MTG B ) strong earnings report was rewarded with a positive stock price move. We did...
Narrative Update • Apr 27
MTG B: Refined Discount Rate And P/E Will Support Future Upside
Analysts now set their price target for Modern Times Group MTG at SEK147, down from SEK152.67, reflecting updated views on fair value, discount rate, revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: Adjusted to SEK147 from SEK152.67, a small reduction in the assessed share valuation level.Narrative Update • Apr 11
MTG B: Steady Assumptions And Refined P/E Will Support Future Upside
Analysts have kept their SEK 152.67 price target for Modern Times Group MTG broadly unchanged, with only slight tweaks to assumptions such as a lower discount rate and a marginally adjusted forward P/E. This reflects fine tuning rather than a major shift in their view.Recent updates
Analysis Article • May 07
We Think Modern Times Group MTG's (STO:MTG B) Profit Is Only A Baseline For What They Can Achieve
Modern Times Group MTG AB's ( STO:MTG B ) strong earnings report was rewarded with a positive stock price move. We did...Narrative Update • Apr 27
MTG B: Refined Discount Rate And P/E Will Support Future Upside
Analysts now set their price target for Modern Times Group MTG at SEK147, down from SEK152.67, reflecting updated views on fair value, discount rate, revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: Adjusted to SEK147 from SEK152.67, a small reduction in the assessed share valuation level.Narrative Update • Apr 11
MTG B: Steady Assumptions And Refined P/E Will Support Future Upside
Analysts have kept their SEK 152.67 price target for Modern Times Group MTG broadly unchanged, with only slight tweaks to assumptions such as a lower discount rate and a marginally adjusted forward P/E. This reflects fine tuning rather than a major shift in their view.Narrative Update • Mar 27
MTG B: Stable Assumptions And Steady Future P/E Will Support Upside
Analysts are keeping their SEK 152.67 price target for Modern Times Group MTG unchanged, citing only minimal tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E that do not materially affect their valuation view. Valuation Changes Fair Value: SEK 152.67 remains unchanged, so the headline valuation output stays the same.Narrative Update • Mar 11
MTG B: Stable Assumptions And Higher Future P/E Will Support Upside
Analysts have kept their SEK 152.67 price target for Modern Times Group MTG unchanged, citing only small tweaks to assumptions, such as a slightly higher discount rate and a marginally higher future P/E multiple. Valuation Changes Fair Value: SEK 152.67 is unchanged, with no adjustment to the central valuation estimate.Narrative Update • Feb 24
MTG B: Higher Margins And Buybacks Will Support Future Upside
Analysts have kept their SEK 153 price target for Modern Times Group MTG unchanged, as slightly higher assumed profit margins and a marginally lower future P/E are viewed as offsetting the more cautious revenue growth outlook and modestly higher discount rate. Valuation Changes Fair Value: SEK 152.67 fair value estimate is unchanged compared with the prior assessment.Narrative Update • Feb 10
MTG B: Share Repurchases And Treasury Cancellations Will Support Future Upside
Analysts have slightly raised their price target for Modern Times Group MTG to SEK 152.67 from about SEK 152.50, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E that refine rather than fundamentally change their prior view. Valuation Changes Fair Value: Updated slightly to SEK 152.67 from SEK 152.50, keeping the overall valuation broadly in line with the earlier estimate.Analysis Article • Feb 03
Does Modern Times Group MTG (STO:MTG B) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Narrative Update • Jan 26
MTG B: Share Repurchases And Treasury Cancellations Will Support Future Upside
Analysts have left their fair value estimate for Modern Times Group MTG unchanged at SEK152.50, citing only small tweaks to underlying assumptions such as the discount rate, revenue growth, profit margin, and future P/E that did not justify a new price target level. Valuation Changes Fair Value Estimate: unchanged at SEK152.50 per share.Narrative Update • Jan 10
MTG B: Share Repurchases And Treasury Cancellations Will Support Future Upside
Analysts have trimmed their price target on Modern Times Group MTG to SEK 152.50 from about SEK 155.67. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.Analysis Article • Jan 08
Revenues Not Telling The Story For Modern Times Group MTG AB (STO:MTG B)
When close to half the companies in the Entertainment industry in Sweden have price-to-sales ratios (or "P/S") below...Narrative Update • Dec 15
MTG B Share Repurchases Will Support Future Earnings And Share Price Upside
Analysts have modestly raised their price target on Modern Times Group MTG, citing slightly higher long term discount rate assumptions and stable expectations for revenue growth, margins, and future valuation multiples as justification for the updated SEK 156 fair value estimate. What's in the News Launched a share repurchase program of up to SEK 400 million, with repurchases starting October 10, 2025 and running until May 15, 2026, with bought-back shares to be cancelled (company announcement) Received AGM authorization to repurchase up to 12,203,000 Class A and/or Class B shares, equal to 10% of issued share capital, to enhance shareholder returns and support long term incentive programs (AGM mandate) Raised full year 2025 guidance to 7% to 9% organic growth and SEK 11.4 to 11.7 billion in revenues, up from a previous organic growth target of 3% to 7% (company guidance) Announced a new divisional structure within the Gaming Village, creating Midcore and Casual Districts, with Midcore grouping studios such as Plarium, Futureplay, InnoGames, Snowprint, Hutch and Ninja Kiwi (company update) Valuation Changes Fair Value Estimate remains unchanged at approximately SEK 156 per share, indicating no fundamental shift in the analysts intrinsic valuation.Narrative Update • Dec 01
MTG B: Share Repurchase and New Divisions Will Drive Earnings Momentum
Analysts have revised their price target for Modern Times Group MTG, maintaining the fair value estimate at SEK 155.67. They cited shifts in projected profit margins and future earnings multiples as the reason for this adjustment.Narrative Update • Nov 17
MTG B: Share Repurchase Program Will Drive Future Earnings Power
Analysts have raised their price target for Modern Times Group MTG from SEK 140 to approximately SEK 156, citing improved profit margin outlook and updated financial assumptions, even though forecasts for revenue growth have moderated. What's in the News Modern Times Group MTG AB initiated a share repurchase program commencing October 10, 2025, with authorization to repurchase up to 10% of its issued share capital, amounting to SEK 400 million.Narrative Update • Nov 03
MTG B: Earnings Guidance And Reorganization Will Drive Improved Margins Ahead
Analysts have raised their price target for Modern Times Group MTG from SEK 138.33 to SEK 140.00, citing expectations for improved profit margins and a slightly lower discount rate in spite of slower revenue growth forecasts. What's in the News MTG began a share repurchase program on October 10, 2025, following shareholder authorization to buy back up to SEK 400 million in shares.Narrative Update • Oct 20
Mobile Gaming Expansion Will Open New Global Markets
Analysts have raised their price target for Modern Times Group MTG from SEK 131.67 to SEK 138.33, citing a modest reduction in their discount rate and improved profit margin projections as key factors for their upward revision. What's in the News Modern Times Group MTG AB updated its full-year 2025 earnings guidance and now expects organic growth of 7% to 9 percent.New Narrative • Aug 09
Mobile Gaming Expansion Will Open New Global Markets
Growth in mobile gaming, e-sports, and direct-to-consumer channels is expanding MTG's audience, monetization methods, and improving margin prospects.Analysis Article • Jul 23
Results: Modern Times Group MTG AB Delivered A Surprise Loss And Now Analysts Have New Forecasts
There's been a notable change in appetite for Modern Times Group MTG AB ( STO:MTG B ) shares in the week since its...Analysis Article • Jul 19
Investors Appear Satisfied With Modern Times Group MTG AB's (STO:MTG B) Prospects
When close to half the companies in the Entertainment industry in Sweden have price-to-sales ratios (or "P/S") below...Analysis Article • May 09
Modern Times Group MTG AB's (STO:MTG B) CEO Will Probably Find It Hard To See A Huge Raise This Year
Key Insights Modern Times Group MTG's Annual General Meeting to take place on 15th of May Total pay for CEO Maria Redin...Analysis Article • May 02
Here's What Analysts Are Forecasting For Modern Times Group MTG AB (STO:MTG B) After Its First-Quarter Results
Investors in Modern Times Group MTG AB ( STO:MTG B ) had a good week, as its shares rose 4.0% to close at kr116...Analysis Article • Mar 07
These 4 Measures Indicate That Modern Times Group MTG (STO:MTG B) Is Using Debt Safely
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Feb 14
Why Investors Shouldn't Be Surprised By Modern Times Group MTG AB's (STO:MTG B) 28% Share Price Surge
Modern Times Group MTG AB ( STO:MTG B ) shares have continued their recent momentum with a 28% gain in the last month...Analysis Article • Feb 09
Modern Times Group MTG AB Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
It's been a pretty great week for Modern Times Group MTG AB ( STO:MTG B ) shareholders, with its shares surging 14% to...Analysis Article • Jan 24
Here's Why Modern Times Group MTG (STO:MTG B) Can Manage Its Debt Responsibly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Shareholder Returns
| MTG B | SE Entertainment | SE Market | |
|---|---|---|---|
| 7D | -2.9% | -0.7% | -0.2% |
| 1Y | 23.2% | -22.8% | 13.0% |
Return vs Industry: MTG B exceeded the Swedish Entertainment industry which returned -22.8% over the past year.
Return vs Market: MTG B exceeded the Swedish Market which returned 13% over the past year.
Price Volatility
| MTG B volatility | |
|---|---|
| MTG B Average Weekly Movement | 5.7% |
| Entertainment Industry Average Movement | 7.2% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in SE Market | 13.5% |
| 10% least volatile stocks in SE Market | 3.7% |
Stable Share Price: MTG B has not had significant price volatility in the past 3 months compared to the Swedish market.
Volatility Over Time: MTG B's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | 2,324 | Maria Redin | www.mtg.com |
Modern Times Group MTG AB, through its subsidiaries, engages in the provision of game franchises in Sweden, the United Kingdom, Germany, rest of Europe, Singapore, India, the United States, and New Zealand. The company also provides in-app purchase, in-app advertising, and other digital distribution services. In addition, it develops and publishes mobile and online games under the PlaySimple, Plarium, InnoGames, Snowprint, Hutch, Futureplay, and Ninja Kiwi names.
Modern Times Group MTG AB Fundamentals Summary
| MTG B fundamental statistics | |
|---|---|
| Market cap | SEK 15.94b |
| Earnings (TTM) | SEK 11.00m |
| Revenue (TTM) | SEK 12.18b |
1,449x
P/E Ratio1.3x
P/S RatioIs MTG B overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MTG B income statement (TTM) | |
|---|---|
| Revenue | SEK 12.18b |
| Cost of Revenue | SEK 4.12b |
| Gross Profit | SEK 8.06b |
| Other Expenses | SEK 8.05b |
| Earnings | SEK 11.00m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 21, 2026
| Earnings per share (EPS) | 0.092 |
| Gross Margin | 66.19% |
| Net Profit Margin | 0.09% |
| Debt/Equity Ratio | 36.3% |
How did MTG B perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/31 23:54 |
| End of Day Share Price | 2026/05/29 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Modern Times Group MTG AB is covered by 18 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Natasha Brilliant | Barclays |
| JULIEN ROCH | Barclays |