Swedish Media Potentially Undervalued Companies

G5 Entertainment

Market Cap: SEK 723.4m

Develops and publishes free-to-play games for smartphones, tablets, and personal computers in Sweden.

Stillfront Group

Market Cap: SEK 3.4b

Designs, develops, markets, publishes, and sells digital games in Europe, North America, the Middle East and North Africa, and the Asia-Pacific.

Embracer Group

Market Cap: SEK 22.7b

Develops and publishes PC, console, mobile, VR, and board games for the games market worldwide.

Better Collective

Market Cap: SEK 7.2b

Operates as a digital sports media company in Europe, North America, and internationally.

Modern Times Group MTG

Market Cap: SEK 12.3b

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.

Verve Group

Market Cap: SEK 462.3m

A digital media company, engages in the provision of ad-software solutions in North America and Europe.

M.O.B.A. Network

Market Cap: SEK 124.8m

Owns and operates various gaming communities worldwide.

Eniro Group

Market Cap: SEK 287.3m

Operates as a software-as-a-service company in Sweden, Norway, Denmark, and Finland.

Gold Town Games

Market Cap: SEK 7.9m

A mobile game company, develops, produces, and publishes sports games for mobile devices worldwide.

Safe Lane Gaming

Market Cap: SEK 18.3m

Develops and manages mobile games for the public platforms.

Moment Group

Market Cap: SEK 172.7m

Moment Group AB, together with its subsidiaries, involved in the entertainment business in Sweden, Norway, and Denmark.

Sociallite US

Market Cap: SEK 3.0k

Through its subsidiaries, develops and provides B2B services in lead generation and performance-based online marketing in Sweden and internationally.

Modern Times Group MTG

Market Cap: SEK 12.3b

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.

Maximum Entertainment

Market Cap: SEK 12.5m

An entertainment company, engages in the development, publishing, transmedia, sale, and operation of video games in North America, Europe, Asia, and internationally.

MAG Interactive

Market Cap: SEK 319.3m

Develops and publishes mobile games worldwide.

Enad Global 7

Market Cap: SEK 1.2b

Develops, publishes, markets, and distributes games in PC, console, and mobile platforms in Sweden, rest of Europe, North America, South America, Asia, Africa, and the Oceania.

Adtraction Group

Market Cap: SEK 499.9m

Provides advertising services in Europe.

Nepa

Market Cap: SEK 134.1m

Operates as a consumer research and analytics company in Sweden and internationally.

Hacksaw

Market Cap: SEK 20.1b

Operates as a B2B technology platform and game development company.

Karnov Group

Market Cap: SEK 11.7b

Provides online and offline information products and services for professionals in the areas of legal, tax and accounting, environmental, and health and safety in Denmark, Norway, France, Sweden, Portugal, and Spain.

Flexion Mobile

Market Cap: SEK 261.0m

Operates game distribution platform for game developers worldwide.

Alpcot Holding

Market Cap: SEK 203.0m

Through its subsidiaries, owns and operates a digital platform for personal finance in the financial industry in Sweden.

Starbreeze

Market Cap: SEK 278.5m

Develops, publishes, and distributes PC and console games in Europe and North America.

Storytel

Market Cap: SEK 6.3b

Provides audiobooks and e-books streaming services.

Starbreeze

Market Cap: SEK 278.5m

Develops, publishes, and distributes PC and console games in Europe and North America.

Envar Holding

Market Cap: SEK 558.8m

Engages in the outsourcing and development of graphic design, 3D graphics, animations, and illustrations to game development companies or other companies in the entertainment industry.