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THQ Nordic

DB:TH9
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TH9
DB
SEK21B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

THQ Nordic AB (publ), together with its subsidiaries, acquires, develops, and publishes PC and console games for the gaming market worldwide. The last earnings update was 65 days ago. More info.


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TH9 Share Price and Events
7 Day Returns
-1.6%
DB:TH9
0.9%
DE Entertainment
2.4%
DE Market
1 Year Returns
33.8%
DB:TH9
11.6%
DE Entertainment
-6.2%
DE Market
TH9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
THQ Nordic (TH9) -1.6% -4.8% 17.2% 33.8% - -
DE Entertainment 0.9% 7.3% 13.9% 11.6% 33.9% 72.6%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • TH9 outperformed the Entertainment industry which returned 11.6% over the past year.
  • TH9 outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
TH9
Industry
5yr Volatility vs Market

Value

 Is THQ Nordic undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of THQ Nordic to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for THQ Nordic.

DB:TH9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TH9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 22%) (0%))
0.973
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.973 * 5.96%)
6.02%

Discounted Cash Flow Calculation for DB:TH9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for THQ Nordic is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:TH9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.02%)
2019 -1,652.00 Analyst x1 -1,558.13
2020 341.00 Analyst x2 303.35
2021 309.00 Analyst x1 259.26
2022 353.52 Est @ 14.41% 279.76
2023 389.41 Est @ 10.15% 290.65
2024 417.35 Est @ 7.18% 293.80
2025 438.60 Est @ 5.09% 291.21
2026 454.53 Est @ 3.63% 284.64
2027 466.40 Est @ 2.61% 275.48
2028 475.24 Est @ 1.9% 264.75
Present value of next 10 years cash flows SEK984.77
DB:TH9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SEK475.24 × (1 + 0.23%) ÷ (6.02% – 0.23%)
SEK8,216.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK8,216.96 ÷ (1 + 6.02%)10
SEK4,577.58
DB:TH9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK984.77 + SEK4,577.58
SEK5,562.35
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK5,562.35 / 102.49
SEK54.27
DB:TH9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TH9 represents 0.09384x of OM:THQN B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09384x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 54.27 x 0.09384
€5.09
Value per share (EUR) From above. €5.09
Current discount Discount to share price of €19.05
= -1 x (€19.05 - €5.09) / €5.09
-274.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of THQ Nordic is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for THQ Nordic's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are THQ Nordic's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TH9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in SEK SEK3.50
OM:THQN B Share Price ** OM (2019-04-18) in SEK SEK203
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 17.11x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of THQ Nordic.

DB:TH9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:THQN B Share Price ÷ EPS (both in SEK)

= 203 ÷ 3.50

58.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • THQ Nordic is overvalued based on earnings compared to the DE Entertainment industry average.
  • THQ Nordic is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does THQ Nordic's expected growth come at a high price?
Raw Data
DB:TH9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 58.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
27.6%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.73x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:TH9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 58.04x ÷ 27.6%

2.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • THQ Nordic is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on THQ Nordic's assets?
Raw Data
DB:TH9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in SEK SEK38.17
OM:THQN B Share Price * OM (2019-04-18) in SEK SEK203
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.56x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:TH9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:THQN B Share Price ÷ Book Value per Share (both in SEK)

= 203 ÷ 38.17

5.32x

* Primary Listing of THQ Nordic.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • THQ Nordic is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess THQ Nordic's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. THQ Nordic has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is THQ Nordic expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is THQ Nordic expected to grow at an attractive rate?
  • THQ Nordic's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • THQ Nordic's earnings growth is expected to exceed the Germany market average.
  • THQ Nordic's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TH9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TH9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 27.6%
DB:TH9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 8.9%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TH9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TH9 Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 7,744 1,383 1
2022-03-31 6,945 1,244 2
2021-12-31 6,259 2,029 758 1
2021-03-31 6,280 1,788 850 4
2020-12-31 5,954 1,940 681 1
2020-03-31 5,957 1,477 681 4
2019-12-31 5,645 1,684 620 1
2019-03-31 5,598 647 484 4
DB:TH9 Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2018-12-31 4,483 579 294
2018-09-30 3,284 223 253
2018-06-30 2,014 992 207
2018-03-31 1,183 849 197
2017-12-31 587 179 139
2017-09-30 439 132 104
2017-06-30 423 123 97
2017-03-31 384 104 85
2016-12-31 338 99 72
2016-09-30 291 111 62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • THQ Nordic's earnings are expected to grow significantly at over 20% yearly.
  • THQ Nordic's revenue is expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TH9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from THQ Nordic Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TH9 Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-12-31 8.28 8.28 8.28 1.00
2021-03-31 8.18 10.30 6.97 3.00
2020-12-31 7.44 7.44 7.44 1.00
2020-03-31 6.99 8.32 5.79 4.00
2019-12-31 6.77 6.77 6.77 1.00
2019-03-31 4.99 5.82 4.22 4.00
DB:TH9 Past Financials Data
Date (Data in SEK Millions) EPS *
2018-12-31 3.50
2018-09-30 3.09
2018-06-30 2.66
2018-03-31 2.60
2017-12-31 1.88
2017-09-30 1.48
2017-06-30 1.45
2017-03-31 1.32
2016-12-31 1.18
2016-09-30 1.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • THQ Nordic is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess THQ Nordic's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
THQ Nordic has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has THQ Nordic performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare THQ Nordic's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • THQ Nordic has delivered over 20% year on year earnings growth in the past 5 years.
  • THQ Nordic's 1-year earnings growth exceeds its 5-year average (111.2% vs 41.9%)
  • THQ Nordic's earnings growth has exceeded the DE Entertainment industry average in the past year (111.2% vs -6%).
Earnings and Revenue History
THQ Nordic's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from THQ Nordic Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TH9 Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,482.67 293.86 1,206.71
2018-09-30 3,284.48 252.93 861.48
2018-06-30 2,013.76 206.94 570.27
2018-03-31 1,182.74 196.70 319.28
2017-12-31 587.08 139.17 169.26
2017-09-30 439.35 103.76 135.25
2017-06-30 423.48 97.41 125.91
2017-03-31 384.18 84.77 111.31
2016-12-31 338.08 71.95 95.14
2016-09-30 290.78 61.56 75.21
2015-12-31 212.85 51.24 42.73
2014-12-31 177.98 52.16 29.42
2013-12-31 102.32 -0.37 22.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • THQ Nordic has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • THQ Nordic used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • THQ Nordic's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess THQ Nordic's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
THQ Nordic has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is THQ Nordic's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up THQ Nordic's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • THQ Nordic is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • THQ Nordic's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of THQ Nordic's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • THQ Nordic has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from THQ Nordic Company Filings, last reported 3 months ago.

DB:TH9 Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,503.53 0.00 921.68
2018-09-30 2,830.76 0.00 1,345.62
2018-06-30 2,779.57 450.35 1,513.68
2018-03-31 1,186.58 252.59 98.71
2017-12-31 1,073.23 109.76 626.52
2017-09-30 994.85 94.26 666.88
2017-06-30 393.46 62.07 124.63
2017-03-31 368.23 30.66 130.84
2016-12-31 345.09 28.75 167.45
2016-09-30 78.79 83.45 12.17
2015-12-31 84.22 10.00 25.61
2014-12-31 58.68 22.64 17.64
2013-12-31 6.12 35.00 6.17
  • THQ Nordic has no debt.
  • THQ Nordic has no debt compared to 5 years ago when it was 558.2%.
  • THQ Nordic has no debt, it does not need to be covered by operating cash flow.
  • THQ Nordic has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess THQ Nordic's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. THQ Nordic has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is THQ Nordic's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from THQ Nordic dividends. Estimated to be 0.35% next year.
If you bought €2,000 of THQ Nordic shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate THQ Nordic's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate THQ Nordic's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TH9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TH9 Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-12-31 0.50 1.00
2021-03-31 3.09 1.00
2020-12-31 0.00 1.00
2020-03-31 0.00 1.00
2019-12-31 0.00 1.00
2019-03-31 0.00 1.00
DB:TH9 Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2017-02-15 0.000 0.000
2016-11-22 80.000 261.610

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as THQ Nordic has not reported any payouts.
  • Unable to verify if THQ Nordic's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of THQ Nordic's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as THQ Nordic has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of THQ Nordic's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess THQ Nordic's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can THQ Nordic afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. THQ Nordic has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of THQ Nordic's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lars Wingefors
COMPENSATION SEK1,239,000
AGE 41
CEO Bio

Mr. Lars Wingefors is founder of Lars Wingefors AB. Mr. Wingefors is also the founder of THQ Nordic AB (publ) (formerly, Nordic Games Holding AB) and serves as its Chief Executive Officer. He is a Founder of Game Outlet Europe AB. He served as an Investment Advisor at Wingefors Invest AB. He has been Director of Wingefors Invest since January 21, 2014. He serves as Director of Inission AB. He has been a Director at THQ Nordic AB (publ) since 2002, Carlmark Sweden AB since 2015, Handelskammaren Värmland since May 2016 and Lars Wingefors AB since 2006.

CEO Compensation
  • Lars's compensation has increased by more than 20% in the past year.
  • Lars's remuneration is lower than average for companies of similar size in Germany.
Management Team

Lars Wingefors

TITLE
Founder
COMPENSATION
SEK1M
AGE
41

Erik Stenberg

TITLE
Co-founder
COMPENSATION
SEK923K
AGE
55

Klemens Kreuzer

TITLE
Managing Director of THQ Nordic GmbH
AGE
42
Board of Directors Tenure

Average tenure and age of the THQ Nordic board of directors in years:

3.3
Average Tenure
55
Average Age
  • The tenure for the THQ Nordic board of directors is about average.
Board of Directors

Kicki Wallje-Lund

TITLE
Chairman
COMPENSATION
SEK476K
AGE
65
TENURE
3.3 yrs

Lars Wingefors

TITLE
Founder
COMPENSATION
SEK1M
AGE
41
TENURE
17.3 yrs

Erik Stenberg

TITLE
Co-founder
COMPENSATION
SEK923K
AGE
55
TENURE
17.3 yrs

Jacob Jonmyren

TITLE
Director
AGE
38
TENURE
0.9 yrs

Ulf Hjalmarsson

TITLE
Director
AGE
62
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess THQ Nordic's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. THQ Nordic has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

THQ Nordic AB (publ), together with its subsidiaries, acquires, develops, and publishes PC and console games for the gaming market worldwide. The company’s game portfolio consists of owned franchises and published titles. It also publishes game titles for various strategic partners. The company distributes games through retailers and digital distributors. In addition, it operates as an independent film distributor and co-producer. The company was formerly known as Nordic Games and changed its name to THQ Nordic AB (publ) in August 2016. THQ Nordic AB (publ) was incorporated in 1999 and is headquartered in Karlstad, Sweden.

Details
Name: THQ Nordic AB (publ)
TH9
Exchange: DB
Founded: 1999
SEK1,990,131,226
102,493,617
Website: http://www.thqnordic-investors.com
Address: THQ Nordic AB (publ)
Alvgatan 1,
Karlstad,
Värmland County, 652 25,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM THQN B Class B Shares OMX Nordic Exchange Stockholm SE SEK 22. Nov 2016
DB TH9 Class B Shares Deutsche Boerse AG DE EUR 22. Nov 2016
LSE 0GFE Class B Shares London Stock Exchange GB SEK 22. Nov 2016
Number of employees
Current staff
Staff numbers
1,142
THQ Nordic employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 22:08
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.