Mips AB (publ)

BATS-CHIXE:MIPSS Stock Report

Market Cap: SEK 14.2b

Mips Valuation

Is MIPSS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MIPSS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 613.98
Fair Value
12.7% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: MIPSS (SEK536) is trading below our estimate of fair value (SEK613.98)

Significantly Below Fair Value: MIPSS is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MIPSS?

Key metric: As MIPSS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MIPSS. This is calculated by dividing MIPSS's market cap by their current earnings.
What is MIPSS's PE Ratio?
PE Ratio100.8x
EarningsSEK 141.00m
Market CapSEK 14.21b

Price to Earnings Ratio vs Peers

How does MIPSS's PE Ratio compare to its peers?

The above table shows the PE ratio for MIPSS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.5x
GAW Games Workshop Group
26.9x1.6%UK£4.7b
CCT Character Group
9.3xn/aUK£46.0m
COA Coats Group
18x16.9%UK£1.4b
DOCS Dr. Martens
23.9x41.3%UK£701.6m
MIPSS Mips
100.8x36.5%SEK 14.2b

Price-To-Earnings vs Peers: MIPSS is expensive based on its Price-To-Earnings Ratio (100.8x) compared to the peer average (19.5x).

Price to Earnings Ratio vs Industry

How does MIPSS's PE Ratio compare vs other companies in the European Leisure Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies3PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MIPSS is expensive based on its Price-To-Earnings Ratio (100.8x) compared to the Global Leisure industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is MIPSS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MIPSS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio100.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MIPSS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MIPSS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 536.00
SEK 626.67
+16.9%
10.8%SEK 725.00SEK 500.00n/a6
Feb ’26n/a
SEK 619.17
0%
9.4%SEK 680.00SEK 500.00n/a6
Jan ’26n/a
SEK 617.00
0%
10.4%SEK 680.00SEK 500.00n/a5
Dec ’25n/a
SEK 617.00
0%
10.4%SEK 680.00SEK 500.00n/a5
Nov ’25n/a
SEK 611.00
0%
10.9%SEK 680.00SEK 500.00n/a5
Oct ’25n/a
SEK 589.00
0%
9.4%SEK 650.00SEK 500.00n/a5
Sep ’25n/a
SEK 554.00
0%
21.5%SEK 650.00SEK 325.00n/a5
Aug ’25n/a
SEK 554.00
0%
21.5%SEK 650.00SEK 325.00n/a5
Jul ’25n/a
SEK 402.00
0%
18.0%SEK 520.00SEK 325.00n/a5
Jun ’25n/a
SEK 375.00
0%
12.1%SEK 435.00SEK 325.00n/a5
May ’25n/a
SEK 375.00
0%
12.1%SEK 435.00SEK 325.00n/a5
Apr ’25n/a
SEK 370.00
0%
10.1%SEK 420.00SEK 325.00n/a5
Mar ’25n/a
SEK 370.00
0%
10.1%SEK 420.00SEK 325.00n/a5
Feb ’25n/a
SEK 361.00
0%
6.9%SEK 400.00SEK 330.00n/a5
Jan ’25n/a
SEK 392.00
0%
13.2%SEK 480.00SEK 330.00n/a5
Dec ’24n/a
SEK 392.00
0%
13.2%SEK 480.00SEK 330.00n/a5
Nov ’24n/a
SEK 452.00
0%
13.0%SEK 530.00SEK 360.00n/a5
Oct ’24SEK 341.30
SEK 507.60
+48.7%
7.6%SEK 573.00SEK 475.00n/a5
Sep ’24n/a
SEK 515.00
0%
10.0%SEK 610.00SEK 475.00n/a5
Aug ’24n/a
SEK 525.00
0%
9.1%SEK 610.00SEK 480.00n/a5
Jul ’24n/a
SEK 497.00
0%
22.1%SEK 610.00SEK 295.00n/a5
Jun ’24n/a
SEK 503.00
0%
22.7%SEK 610.00SEK 295.00n/a5
May ’24SEK 514.30
SEK 493.00
-4.1%
23.1%SEK 610.00SEK 295.00n/a5
Apr ’24SEK 466.00
SEK 471.00
+1.1%
20.9%SEK 600.00SEK 295.00n/a5
Mar ’24SEK 462.90
SEK 471.00
+1.7%
20.9%SEK 600.00SEK 295.00n/a5
Feb ’24n/a
SEK 379.00
0%
24.2%SEK 500.00SEK 290.00n/a5
Analyst Price Target
Consensus Narrative from 6 Analysts
SEK 626.08
Fair Value
14.4% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/09 18:17
End of Day Share Price 2025/02/05 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mips AB (publ) is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Karl VikströmBerenberg
Emanuel JanssonDanske Bank