Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr300, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 21x in the Leisure industry in Europe. Total loss to shareholders of 38% over the past three years. 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. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: kr1.10 (vs kr0.72 in 1Q 2025) First quarter 2026 results: EPS: kr1.10 (up from kr0.72 in 1Q 2025). Revenue: kr151.0m (up 30% from 1Q 2025). Net income: kr29.0m (up 53% from 1Q 2025). Profit margin: 19% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 17
Upcoming dividend of kr2.50 per share Eligible shareholders must have bought the stock before 24 April 2026. Payment date: 30 April 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.6%). Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: kr4.53 (vs kr5.32 in FY 2024) Full year 2025 results: EPS: kr4.53 (down from kr5.32 in FY 2024). Revenue: kr533.0m (up 10% from FY 2024). Net income: kr120.0m (down 15% from FY 2024). Profit margin: 23% (down from 29% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. 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 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr364, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 24x in the Leisure industry in Europe. Total returns to shareholders of 4.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr512 per share. Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: kr1.28 (vs kr1.36 in 3Q 2024) Third quarter 2025 results: EPS: kr1.28 (down from kr1.36 in 3Q 2024). Revenue: kr135.0m (up 9.8% from 3Q 2024). Net income: kr34.0m (down 5.6% from 3Q 2024). Profit margin: 25% (down from 29% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 29
Now 21% undervalued Over the last 90 days, the stock has risen 23% to kr419. The fair value is estimated to be kr531, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 66% in 2 years. Earnings are forecast to grow by 127% in the next 2 years. Reported Earnings • Jul 17
Second quarter 2025 earnings released: EPS: kr1.21 (vs kr1.51 in 2Q 2024) Second quarter 2025 results: EPS: kr1.21 (down from kr1.51 in 2Q 2024). Revenue: kr135.0m (up 1.5% from 2Q 2024). Net income: kr32.0m (down 20% from 2Q 2024). Profit margin: 24% (down from 30% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. 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 Buy Or Sell Opportunity • Jul 01
Now 21% undervalued Over the last 90 days, the stock has risen 13% to kr442. The fair value is estimated to be kr557, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 100% in the next 2 years. Board Change • Jun 01
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. 4 experienced directors. 2 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. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr430, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 20x in the Leisure industry in Europe. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr595 per share. 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. Upcoming Dividend • May 02
Upcoming dividend of kr6.50 per share Eligible shareholders must have bought the stock before 08 May 2025. Payment date: 14 May 2025. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 1.9%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (3.3%). Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: kr0.72 (vs kr0.45 in 1Q 2024) First quarter 2025 results: EPS: kr0.72 (up from kr0.45 in 1Q 2024). Revenue: kr116.0m (up 40% from 1Q 2024). Net income: kr19.0m (up 58% from 1Q 2024). Profit margin: 16% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to kr326, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 18x in the Leisure industry in Europe. Total loss to shareholders of 53% over the past three years. Reported Earnings • Mar 24
Full year 2024 earnings released: EPS: kr5.32 (vs kr2.44 in FY 2023) Full year 2024 results: EPS: kr5.32 (up from kr2.44 in FY 2023). Revenue: kr483.0m (up 35% from FY 2023). Net income: kr141.0m (up 120% from FY 2023). Profit margin: 29% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to kr456. The fair value is estimated to be kr571, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Earnings per share has declined by 47%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 36% per annum over the same time period. Declared Dividend • Feb 17
Dividend increased to kr6.50 Dividend of kr6.50 is 8.3% higher than last year. Ex-date: 8th May 2025 Payment date: 14th May 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (122% earnings payout ratio) nor is it covered by cash flows (130% cash payout ratio). The dividend has increased by an average of 17% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 36% to bring the payout ratio under control. EPS is expected to grow by 152% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 07
Full year 2024 earnings released: EPS: kr5.32 (vs kr2.44 in FY 2023) Full year 2024 results: EPS: kr5.32 (up from kr2.44 in FY 2023). Revenue: kr483.0m (up 35% from FY 2023). Net income: kr141.0m (up 120% from FY 2023). Profit margin: 29% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 06
Mips AB (publ), Annual General Meeting, May 07, 2025 Mips AB (publ), Annual General Meeting, May 07, 2025. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: kr1.36 (vs kr0.53 in 3Q 2023) Third quarter 2024 results: EPS: kr1.36 (up from kr0.53 in 3Q 2023). Revenue: kr123.0m (up 60% from 3Q 2023). Net income: kr36.0m (up 157% from 3Q 2023). Profit margin: 29% (up from 18% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to kr532. The fair value is estimated to be kr442, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 45%. Revenue is forecast to grow by 105% in 2 years. Earnings are forecast to grow by 248% in the next 2 years. Buy Or Sell Opportunity • Aug 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to kr505. The fair value is estimated to be kr419, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 45%. Revenue is forecast to grow by 103% in 2 years. Earnings are forecast to grow by 253% in the next 2 years. Reported Earnings • Jul 20
Second quarter 2024 earnings released: EPS: kr1.51 (vs kr0.76 in 2Q 2023) Second quarter 2024 results: EPS: kr1.51 (up from kr0.76 in 2Q 2023). Revenue: kr133.0m (up 30% from 2Q 2023). Net income: kr40.0m (up 100% from 2Q 2023). Profit margin: 30% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (18% net profit margin). Buy Or Sell Opportunity • Jul 06
Now 20% undervalued Over the last 90 days, the stock has risen 22% to kr401. The fair value is estimated to be kr501, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 96% in 2 years. Earnings are forecast to grow by 299% in the next 2 years. 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. Buy Or Sell Opportunity • Apr 26
Now 23% undervalued Over the last 90 days, the stock has risen 5.8% to kr344. The fair value is estimated to be kr446, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 94% in 2 years. Earnings are forecast to grow by 295% in the next 2 years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: kr0.45 (vs kr0.54 in 1Q 2023) First quarter 2024 results: EPS: kr0.45 (down from kr0.54 in 1Q 2023). Revenue: kr83.0m (down 5.7% from 1Q 2023). Net income: kr12.0m (down 14% from 1Q 2023). Profit margin: 14% (down from 16% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 30% 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 fallen by 35% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 22
Now 21% undervalued Over the last 90 days, the stock has risen 3.4% to kr345. The fair value is estimated to be kr436, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has declined by 21%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 45% per annum over the same time period. 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. Declared Dividend • Mar 31
Dividend increased to kr6.00 Dividend of kr6.00 is 9.1% higher than last year. Ex-date: 8th May 2024 Payment date: 15th May 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (246% earnings payout ratio) nor is it covered by cash flows (dividend approximately 79x free cash flows). The dividend has increased by an average of 19% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 174% to bring the payout ratio under control. EPS is expected to grow by 203% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • Mar 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to kr347. The fair value is estimated to be kr441, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has declined by 21%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 45% per annum over the same time period. Reported Earnings • Mar 23
Full year 2023 earnings released: EPS: kr2.44 (vs kr6.68 in FY 2022) Full year 2023 results: EPS: kr2.44 (down from kr6.68 in FY 2022). Revenue: kr357.0m (down 37% from FY 2022). Net income: kr64.0m (down 63% from FY 2022). Profit margin: 18% (down from 31% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 18% per year. Buy Or Sell Opportunity • Feb 09
Now 21% undervalued Over the last 90 days, the stock has risen 13% to kr336. The fair value is estimated to be kr427, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has declined by 21%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 45% per annum over the same time period. Reported Earnings • Feb 09
Full year 2023 earnings released: EPS: kr2.44 (vs kr6.68 in FY 2022) Full year 2023 results: EPS: kr2.44 (down from kr6.68 in FY 2022). Revenue: kr357.0m (down 37% from FY 2022). Net income: kr64.0m (down 63% from FY 2022). Profit margin: 18% (down from 31% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Leisure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 20% per year. Recent Insider Transactions • Dec 18
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 09
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. New Risk • Nov 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (18% net profit margin). Significant insider selling over the past 3 months (kr25m sold). 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 New Risk • Oct 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (18% net profit margin). Significant insider selling over the past 3 months (kr25m sold). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to kr265, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 14x in the Leisure industry in Europe. Total loss to shareholders of 30% over the past three years. Recent Insider Transactions • Sep 19
CEO & President recently sold kr43m worth of stock On the 15th of September, Max Strandwitz sold around 121k shares on-market at roughly kr358 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Max's only on-market trade for the last 12 months. Recent Insider Transactions • Sep 13
Chief Marketing Officer recently sold kr4.6m worth of stock On the 7th of September, Fredrik Jellberg sold around 12k shares on-market at roughly kr381 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr5.4m more than they bought in the last 12 months. Buying Opportunity • Aug 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be kr529, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 49% in 2 years. Earnings is forecast to grow by 102% in the next 2 years. 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%). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr544, the stock trades at a forward P/E ratio of 69x. Average forward P/E is 17x in the Leisure industry in Europe. Total returns to shareholders of 158% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr413 per share. Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: 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). 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 47% per year but the company’s share price has only increased by 32% 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. Reported Earnings • Feb 10
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 19% p.a. on average during the next 3 years, compared to a 7.1% 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 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr493, the stock trades at a forward P/E ratio of 63x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 101% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr426 per share. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 30% share price gain to kr429, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 14x in the Leisure industry in Europe. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr460 per share. 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 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 21% share price gain to kr387, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 13x in the Leisure industry in Europe. Total returns to shareholders of 154% 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 kr354, 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 115% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr695 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 Buying Opportunity • Aug 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.1%. The fair value is estimated to be kr741, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to grow by 64% in 2 years. Earnings is forecast to grow by 67% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 19% share price gain to kr616, 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 264% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr855 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 whereas the company’s share price has increased by 46% per year. 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 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr564, 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 kr737 per share. Buying Opportunity • Jun 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. 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 71% in 2 years. Earnings is forecast to grow by 76% in the next 2 years. Buying Opportunity • May 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be kr736, 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. Buying Opportunity • May 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be kr728, 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. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 19% share price decline to kr591, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 15x in the Leisure industry in Europe. Total returns to shareholders of 291% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr670 per share. Upcoming Dividend • Apr 29
Upcoming dividend of kr5.00 per share Eligible shareholders must have bought the stock before 06 May 2022. Payment date: 12 May 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr746, 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 449% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr678 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. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. 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 • Oct 29
Third quarter 2021 earnings released: EPS kr3.36 (vs kr1.60 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr185.0m (up 81% from 3Q 2020). Net income: kr88.0m (up 110% from 3Q 2020). Profit margin: 48% (up from 41% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS kr2.10 (vs kr0.61 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr142.0m (up 115% from 2Q 2020). Net income: kr55.0m (up 244% from 2Q 2020). Profit margin: 39% (up from 24% in 2Q 2020). The increase in margin was driven by higher revenue. 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. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 01
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%). Is New 90 Day High Low • Feb 20
New 90-day high: kr709 The company is up 87% from its price of kr378 on 20 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr252 per share. Reported Earnings • Feb 12
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. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 134% per year, which means it is tracking significantly ahead of earnings growth. 
