Mips AB (publ)

LSE:0RNQ Stock Report

Market Cap: SEK 14.2b

Mips Valuation

Is 0RNQ 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 0RNQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 641.48
Fair Value
12.7% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: 0RNQ (SEK560) is trading below our estimate of fair value (SEK641.48)

Significantly Below Fair Value: 0RNQ 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 0RNQ?

Key metric: As 0RNQ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0RNQ. This is calculated by dividing 0RNQ's market cap by their current earnings.
What is 0RNQ's PE Ratio?
PE Ratio100.8x
EarningsSEK 141.00m
Market CapSEK 14.21b

Price to Earnings Ratio vs Peers

How does 0RNQ's PE Ratio compare to its peers?

The above table shows the PE ratio for 0RNQ 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
0RNQ Mips
100.8x36.5%SEK 14.2b

Price-To-Earnings vs Peers: 0RNQ 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 0RNQ's PE Ratio compare vs other companies in the European Leisure Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0RNQ 100.8xIndustry Avg. 18.8xNo. of Companies3PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0RNQ 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 0RNQ'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.

0RNQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio100.8x
Fair PE Ratio30.9x

Price-To-Earnings vs Fair Ratio: 0RNQ is expensive based on its Price-To-Earnings Ratio (100.8x) compared to the estimated Fair Price-To-Earnings Ratio (30.9x).

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 0RNQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 560.00
SEK 626.67
+11.9%
10.8%SEK 725.00SEK 500.00n/a6
Feb ’26SEK 540.50
SEK 619.17
+14.6%
9.4%SEK 680.00SEK 500.00n/a6
Jan ’26SEK 470.40
SEK 617.00
+31.2%
10.4%SEK 680.00SEK 500.00n/a5
Dec ’25SEK 480.02
SEK 617.00
+28.5%
10.4%SEK 680.00SEK 500.00n/a5
Nov ’25SEK 521.00
SEK 611.00
+17.3%
10.9%SEK 680.00SEK 500.00n/a5
Oct ’25SEK 539.00
SEK 589.00
+9.3%
9.4%SEK 650.00SEK 500.00n/a5
Sep ’25SEK 583.50
SEK 554.00
-5.1%
21.5%SEK 650.00SEK 325.00n/a5
Aug ’25SEK 541.50
SEK 554.00
+2.3%
21.5%SEK 650.00SEK 325.00n/a5
Jul ’25SEK 416.20
SEK 402.00
-3.4%
18.0%SEK 520.00SEK 325.00n/a5
Jun ’25SEK 427.00
SEK 375.00
-12.2%
12.1%SEK 435.00SEK 325.00n/a5
May ’25SEK 374.60
SEK 375.00
+0.1%
12.1%SEK 435.00SEK 325.00n/a5
Apr ’25SEK 339.41
SEK 370.00
+9.0%
10.1%SEK 420.00SEK 325.00n/a5
Mar ’25SEK 308.32
SEK 370.00
+20.0%
10.1%SEK 420.00SEK 325.00n/a5
Feb ’25SEK 346.91
SEK 361.00
+4.1%
6.9%SEK 400.00SEK 330.00SEK 540.505
Jan ’25SEK 365.48
SEK 392.00
+7.3%
13.2%SEK 480.00SEK 330.00SEK 470.405
Dec ’24SEK 310.38
SEK 392.00
+26.3%
13.2%SEK 480.00SEK 330.00SEK 480.025
Nov ’24SEK 268.62
SEK 452.00
+68.3%
13.0%SEK 530.00SEK 360.00SEK 521.005
Oct ’24SEK 370.80
SEK 507.60
+36.9%
7.6%SEK 573.00SEK 475.00SEK 539.005
Sep ’24SEK 404.08
SEK 515.00
+27.5%
10.0%SEK 610.00SEK 475.00SEK 583.505
Aug ’24SEK 480.38
SEK 525.00
+9.3%
9.1%SEK 610.00SEK 480.00SEK 541.505
Jul ’24SEK 534.08
SEK 497.00
-6.9%
22.1%SEK 610.00SEK 295.00SEK 416.205
Jun ’24SEK 555.06
SEK 503.00
-9.4%
22.7%SEK 610.00SEK 295.00SEK 427.005
May ’24SEK 551.08
SEK 493.00
-10.5%
23.1%SEK 610.00SEK 295.00SEK 374.605
Apr ’24SEK 519.70
SEK 471.00
-9.4%
20.9%SEK 600.00SEK 295.00SEK 339.415
Mar ’24SEK 467.56
SEK 471.00
+0.7%
20.9%SEK 600.00SEK 295.00SEK 308.325
Feb ’24SEK 405.69
SEK 379.00
-6.6%
24.2%SEK 500.00SEK 290.00SEK 346.915
Analyst Price Target
Consensus Narrative from 6 Analysts
SEK 654.12
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 23:47
End of Day Share Price 2025/02/07 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