Modern Times Group MTG AB

LSE:0GXJ Stock Report

Market Cap: SEK 14.8b

Modern Times Group MTG Valuation

Is 0GXJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0GXJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
SEK 330.91
Fair Value
62.6% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: 0GXJ (SEK123.68) is trading below our estimate of fair value (SEK330.91)

Significantly Below Fair Value: 0GXJ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0GXJ?

Key metric: As 0GXJ is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0GXJ. This is calculated by dividing 0GXJ's market cap by their current revenue.
What is 0GXJ's PS Ratio?
PS Ratio2.5x
SalesSEK 6.02b
Market CapSEK 14.79b

Price to Sales Ratio vs Peers

How does 0GXJ's PS Ratio compare to its peers?

The above table shows the PS ratio for 0GXJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
EVPL everplay group
2x1.9%UK£328.3m
DEVO Devolver Digital
1.4x11.7%UK£109.1m
GMR Gaming Realms
4.3x11.2%UK£110.6m
FDEV Frontier Developments
0.9x1.9%UK£79.2m
0GXJ Modern Times Group MTG
2.5x22.2%SEK 14.8b

Price-To-Sales vs Peers: 0GXJ is expensive based on its Price-To-Sales Ratio (2.5x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does 0GXJ's PS Ratio compare vs other companies in the GB Entertainment Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
CINE Cineworld Group
0.002xn/aUS$6.69m
LVCG Live Company Group
0.1xn/aUS$1.37m
CASS Cassell Capital
0.1xn/aUS$712.36k
No more companies available in this PS range
0GXJ 2.5xIndustry Avg. 1.6xNo. of Companies3PS00.81.62.43.24+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0GXJ is expensive based on its Price-To-Sales Ratio (2.5x) compared to the European Entertainment industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is 0GXJ's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0GXJ PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.5x
Fair PS Ratio4.3x

Price-To-Sales vs Fair Ratio: 0GXJ is good value based on its Price-To-Sales Ratio (2.5x) compared to the estimated Fair Price-To-Sales Ratio (4.3x).

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 0GXJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 123.68
SEK 151.25
+22.3%
2.7%SEK 155.00SEK 145.00n/a4
Feb ’26SEK 101.70
SEK 137.00
+34.7%
9.6%SEK 155.00SEK 118.00n/a4
Jan ’26SEK 94.84
SEK 125.80
+32.6%
14.0%SEK 155.00SEK 105.00n/a5
Dec ’25SEK 92.18
SEK 125.80
+36.5%
14.0%SEK 155.00SEK 105.00n/a5
Nov ’25SEK 77.03
SEK 119.80
+55.5%
15.4%SEK 155.00SEK 102.00n/a5
Oct ’25SEK 78.53
SEK 121.40
+54.6%
14.6%SEK 155.00SEK 104.00n/a5
Sep ’25SEK 77.08
SEK 122.20
+58.5%
13.9%SEK 155.00SEK 108.00n/a5
Aug ’25SEK 81.90
SEK 122.20
+49.2%
13.9%SEK 155.00SEK 108.00n/a5
Jul ’25SEK 83.60
SEK 120.00
+43.5%
7.4%SEK 135.00SEK 110.00n/a5
Jun ’25SEK 91.77
SEK 118.80
+29.5%
9.5%SEK 135.00SEK 100.00n/a5
May ’25SEK 94.40
SEK 118.80
+25.8%
9.5%SEK 135.00SEK 100.00n/a5
Apr ’25SEK 81.54
SEK 113.00
+38.6%
11.7%SEK 135.00SEK 100.00n/a4
Mar ’25SEK 74.63
SEK 113.00
+51.4%
11.7%SEK 135.00SEK 100.00n/a4
Feb ’25SEK 81.77
SEK 108.75
+33.0%
14.3%SEK 135.00SEK 95.00SEK 101.704
Jan ’25SEK 84.94
SEK 108.75
+28.0%
11.9%SEK 130.00SEK 95.00SEK 94.844
Dec ’24SEK 87.00
SEK 108.75
+25.0%
11.9%SEK 130.00SEK 95.00SEK 92.184
Nov ’24SEK 89.84
SEK 108.75
+21.0%
11.9%SEK 130.00SEK 95.00SEK 77.034
Oct ’24SEK 73.94
SEK 103.75
+40.3%
15.0%SEK 130.00SEK 90.00SEK 78.534
Sep ’24SEK 76.13
SEK 103.75
+36.3%
15.0%SEK 130.00SEK 90.00SEK 77.084
Aug ’24SEK 69.58
SEK 103.75
+49.1%
15.0%SEK 130.00SEK 90.00SEK 81.904
Jul ’24SEK 68.27
SEK 102.25
+49.8%
16.5%SEK 130.00SEK 85.00SEK 83.604
Jun ’24SEK 69.75
SEK 102.25
+46.6%
16.5%SEK 130.00SEK 85.00SEK 91.774
May ’24SEK 83.61
SEK 102.25
+22.3%
16.5%SEK 130.00SEK 85.00SEK 94.404
Apr ’24SEK 75.54
SEK 103.00
+36.3%
15.8%SEK 130.00SEK 87.00SEK 81.544
Mar ’24SEK 72.23
SEK 103.00
+42.6%
15.8%SEK 130.00SEK 87.00SEK 74.634
Feb ’24SEK 91.96
SEK 112.50
+22.3%
9.7%SEK 130.00SEK 100.00SEK 81.774
Analyst Price Target
Consensus Narrative from 4 Analysts
SEK 149.30
Fair Value
17.2% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/20 13:39
End of Day Share Price 2025/02/20 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

Modern Times Group MTG AB is covered by 27 analysts. 4 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
Véronique Cabioc'h Le BrunAlphaValue
Natasha BrilliantBarclays