Swedish Media Potentially Undervalued Companies

G5 Entertainment

Market Cap: SEK 679.1m

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 19.4b

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

Hacksaw

Market Cap: SEK 19.8b

Operates as a B2B technology platform and game development company in Sweden and Czech Republic.

Modern Times Group MTG

Market Cap: SEK 13.5b

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.

Adtraction Group

Market Cap: SEK 431.8m

Provides advertising services in Europe.

Better Collective

Market Cap: SEK 6.3b

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

M.O.B.A. Network

Market Cap: SEK 32.4m

Owns and operates various gaming communities worldwide.

Eniro Group

Market Cap: SEK 305.8m

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

Gold Town Games

Market Cap: SEK 9.2m

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

Safe Lane Gaming

Market Cap: SEK 15.4m

Develops and manages mobile games for the public platforms.

Moment Group

Market Cap: SEK 159.5m

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

Storytel

Market Cap: SEK 6.0b

Provides audiobooks and e-books streaming services.

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 13.5b

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.

Enad Global 7

Market Cap: SEK 1.1b

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.

TradeDoubler

Market Cap: SEK 391.7m

Provides performance marketing and technology solutions for publishers and advertisers in Europe.

Flexion Mobile

Market Cap: SEK 132.5m

Operates game distribution platform for game developers worldwide.

Karnov Group

Market Cap: SEK 11.0b

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.

Acast

Market Cap: SEK 5.6b

Operates as a podcasting company in Europe, North America, and internationally.

Verve Group

Market Cap: SEK 397.6m

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

Nitro Games Oyj

Market Cap: SEK 32.7m

Develops and publishes mobile games in the European Union, North America, the United Kingdom, and internationally.

Hemnet Group

Market Cap: SEK 17.0b

Operates a residential property platform in Sweden.