Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to kr381, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 21x in the Leisure industry in Europe. Total loss to shareholders of 13% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr706 per share. Aankondiging • Jul 09
Mips AB (publ) Announces Appointment of Marie Björklund as CFO, Effective No Later Than January 11, 2027 Mips AB (publ) has appointed Marie Björklund as new CFO. She joined from the role of CFO at Knowit AB (publ) and would assume her new role at Mips no later than January 11, 2027, becoming part of the company’s group management. Marie Björklund succeeded Karin Rosenthal, who had held the role of CFO since 2020. Marie Björklund had broad experience from finance functions across several industries, most recently as CFO at the consultancy company Knowit, and prior to that at the retail and e-commerce companies LYKO and Kicks and the plumbing and heating wholesaler Dahl. She also had a background as an auditor at Deloitte and was a board member of MEKO AB (publ). Marie Björklund held a degree in Business and Economics from Uppsala University. Board Change • Jul 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Maria Hedengren was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Director Maria Hedengren was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 08
Ergodyne Introduces Type 2 Safety Helmet Featuring Mips Evolve Pro System Ergodyne's latest type 2 safety helmet collaboration with Mips looks to close the gap between how impacts actually happen and how hard hats are built to handle them. Type 2 safety helmets—which are becoming the standard on many job sites—add protection to the front, sides and back of the head, but still do not consider angled impacts. Ergodyne's Type 2 Safety Helmet featuring the exclusive Mips Evolve Pro system looks not only to mitigate the risk of angled impacts but do it in a way that's breathable and light. The Mips Evolve Pro system introduces a more open, breathable architecture that reduces weight and increases airflow. Paired with Ergodyne's open-framed helmet design, venting and moisture-wicking COOLMAX padding, the result is a cooler, lighter system built for long shifts. Aankondiging • Feb 12
Mips AB (publ) announces Annual dividend, payable on April 30, 2026 Mips AB (publ) announced Annual dividend of SEK 2.5000 per share payable on April 30, 2026, ex-date on April 24, 2026 and record date on April 27, 2026. Aankondiging • Feb 11
Mips AB (publ), Annual General Meeting, Apr 23, 2026 Mips AB (publ), Annual General Meeting, Apr 23, 2026. Location: mips, kemistvagen 1b, in taby, Sweden Aankondiging • Jul 17
Mips AB (publ) to Report Fiscal Year 2025 Final Results on Mar 19, 2026 Mips AB (publ) announced that they will report fiscal year 2025 final results on Mar 19, 2026 Aankondiging • May 07
Mips AB (Publ) Approves Dividend, Payable on 14 May 2025 Mips AB (publ) at its AGM held on 7 May 2025, approved dividend of SEK 6.50 per share. The record date for the dividend was decided to be 9 May 2025. The dividend is estimated to be paid out to the shareholders on 14 May 2025. Aankondiging • Feb 06
Mips AB (publ), Annual General Meeting, May 07, 2025 Mips AB (publ), Annual General Meeting, May 07, 2025. Aankondiging • May 08
Mips AB (Publ) Approves Dividend, Payable on May 15, 2024 Mips AB (publ) at its AGM held on May 7, 2024 approved dividend of SEK 6.00 per share. The record date for the dividend was decided to be 10 May 2024. The dividend is estimated to be paid out to the shareholders on 15 May 2024. Aankondiging • Apr 03
Mips AB (Publ) Proposes Dividend, Payable on 15 May 2024 The Board of Directors of Mips AB (publ) proposed a dividend of SEK 6.00 per share. The proposed record date for the dividend is 10 May 2024. If the Annual General Meeting resolves in accordance with the proposal, the dividend is expected to be distributed by Euroclear Sweden AB on 15 May 2024. Recent Insider Transactions • Dec 17
Insider recently bought kr367k worth of stock On the 15th of December, Johan Hedlund bought around 1k shares on-market at roughly kr333 per share. This transaction increased Johan's direct individual holding by 8x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr38m more in shares than they bought in the last 12 months. Recent Insider Transactions • Dec 12
CEO & President recently sold kr14m worth of stock On the 6th of December, Max Strandwitz sold around 45k shares on-market at roughly kr310 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Max has been a net seller over the last 12 months, reducing personal holdings by kr28m. Aankondiging • Oct 27
Mips AB (publ) to Report Nine Months, 2024 Results on Oct 24, 2024 Mips AB (publ) announced that they will report nine months, 2024 results on Oct 24, 2024 Upcoming Dividend • May 04
Upcoming dividend of kr5.50 per share at 1.0% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 17 May 2023. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.4%). Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: kr0.54 (vs kr1.83 in 1Q 2022) First quarter 2023 results: EPS: kr0.54 (down from kr1.83 in 1Q 2022). Revenue: kr88.0m (down 36% from 1Q 2022). Net income: kr14.0m (down 71% from 1Q 2022). Profit margin: 16% (down from 35% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: kr6.68 (vs kr9.74 in FY 2021) Full year 2022 results: EPS: kr6.68 (down from kr9.74 in FY 2021). Revenue: kr563.0m (down 7.4% from FY 2021). Net income: kr175.0m (down 31% from FY 2021). Profit margin: 31% (down from 42% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 06
Director recently bought kr98k worth of stock On the 3rd of March, Maria Hedengren bought around 200 shares on-market at roughly kr491 per share. This transaction increased Maria's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.9m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr487, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 115% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr451 per share. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 18% share price gain to kr397, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 139% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr453 per share. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: kr1.10 (vs kr3.38 in 3Q 2021) Third quarter 2022 results: EPS: kr1.10 (down from kr3.38 in 3Q 2021). Revenue: kr113.0m (down 39% from 3Q 2021). Net income: kr29.0m (down 67% from 3Q 2021). Profit margin: 26% (down from 48% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 18
Third quarter 2022 earnings released: EPS: kr1.10 (vs kr3.38 in 3Q 2021) Third quarter 2022 results: EPS: kr1.10 (down from kr3.38 in 3Q 2021). Revenue: kr113.0m (down 39% from 3Q 2021). Net income: kr29.0m (down 67% from 3Q 2021). Profit margin: 26% (down from 48% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 22% share price gain to kr388, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 13x in the Leisure industry in Europe. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorated over the past week After last week's 23% share price decline to kr404, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Leisure industry in Europe. Total returns to shareholders of 145% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr794 per share. Aankondiging • Aug 17
MIPS AB (publ) to Report Fiscal Year 2022 Results on Mar 23, 2023 MIPS AB (publ) announced that they will report fiscal year 2022 results on Mar 23, 2023 Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 20% share price gain to kr608, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 261% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr845 per share. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: kr3.04 (vs kr2.10 in 2Q 2021) Second quarter 2022 results: EPS: kr3.04 (up from kr2.10 in 2Q 2021). Revenue: kr206.0m (up 45% from 2Q 2021). Net income: kr80.0m (up 46% from 2Q 2021). Profit margin: 39% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 13% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 21
MIPS AB (publ) to Report Fiscal Year 2022 Results on Feb 09, 2023 MIPS AB (publ) announced that they will report fiscal year 2022 results on Feb 09, 2023 Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to kr552, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 206% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr726 per share. Buying Opportunity • Jun 14
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be kr730, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 70% in 2 years. Earnings is forecast to grow by 76% in the next 2 years. Buying Opportunity • May 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be kr739, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 71% in 2 years. Earnings is forecast to grow by 76% in the next 2 years. Recent Insider Transactions • May 13
Independent Director recently bought kr1.8m worth of stock On the 6th of May, Thomas Brautigam bought around 3k shares on-market at roughly kr608 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr3.4m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: kr1.83 (vs kr1.23 in 1Q 2021) First quarter 2022 results: EPS: kr1.83 (up from kr1.23 in 1Q 2021). Revenue: kr137.0m (up 65% from 1Q 2021). Net income: kr48.0m (up 50% from 1Q 2021). Profit margin: 35% (down from 39% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 31%, compared to a 15% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr750, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 17x in the Leisure industry in Europe. Total returns to shareholders of 12% over the past year. Simply Wall St's valuation model estimates the intrinsic value at kr686 per share. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: kr9.74 (vs kr4.96 in FY 2020) Full year 2021 results: EPS: kr9.74 (up from kr4.96 in FY 2020). Revenue: kr608.0m (up 67% from FY 2020). Net income: kr255.0m (up 98% from FY 2020). Profit margin: 42% (up from 35% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 31%, compared to a 16% growth forecast for the industry in the United Kingdom. Recent Insider Transactions • Mar 12
Independent Director recently bought kr500k worth of stock On the 7th of March, Jonas Rahmn bought around 709 shares on-market at roughly kr705 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr1.1m. Insiders have collectively bought kr1.6m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 15
CEO & President recently bought kr1.1m worth of stock On the 11th of February, Max Strandwitz bought around 2k shares on-market at roughly kr721 per share. This was the largest purchase by an insider in the last 3 months. This was Max's only on-market trade for the last 12 months. Reported Earnings • Feb 13
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr9.74 (up from kr4.96 in FY 2020). Revenue: kr608.0m (up 67% from FY 2020). Net income: kr255.0m (up 98% from FY 2020). Profit margin: 42% (up from 35% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 35%. Over the next year, revenue is forecast to grow 32%, compared to a 15% growth forecast for the industry in the United Kingdom. Reported Earnings • May 01
First quarter 2021 earnings released: EPS kr1.23 (vs kr0.47 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr83.0m (up 48% from 1Q 2020). Net income: kr32.0m (up 167% from 1Q 2020). Profit margin: 39% (up from 21% in 1Q 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Apr 30
Upcoming dividend of kr3.50 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 14 May 2021. Trailing yield: 0.5%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (1.6%). Reported Earnings • Mar 30
Full year 2020 earnings released: EPS kr4.96 (vs kr3.36 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr365.0m (up 36% from FY 2019). Net income: kr129.0m (up 52% from FY 2019). Profit margin: 35% (up from 32% in FY 2019). The increase in margin was driven by higher revenue. Reported Earnings • Feb 13
Full year 2020 earnings released: EPS kr4.96 (vs kr3.35 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr365.0m (up 36% from FY 2019). Net income: kr129.0m (up 52% from FY 2019). Profit margin: 35% (up from 32% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue beats expectations Revenue exceeded analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 35%, compared to a 9.0% growth forecast for the Leisure industry in the United Kingdom. Is New 90 Day High Low • Feb 10
New 90-day high: kr585 The company is up 47% from its price of kr399 on 11 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr253 per share. Is New 90 Day High Low • Dec 09
New 90-day high: kr464 The company is up 39% from its price of kr333 on 10 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr196 per share. 
