Mips AB (publ)

OM:MIPS Stock Report

Market Cap: SEK 12.2b

Mips Valuation

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

Below Fair Value: MIPS (SEK461.6) is trading above our estimate of fair value (SEK455.81)

Significantly Below Fair Value: MIPS is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MIPS. This is calculated by dividing MIPS's market cap by their current earnings.
What is MIPS's PE Ratio?
PE Ratio117.6x
EarningsSEK 104.00m
Market CapSEK 12.23b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MIPS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.5x
THULE Thule Group
31.6x23.6%SEK 37.4b
JM JM
48.7x58.3%SEK 10.7b
NEWA B New Wave Group
13.9x18.7%SEK 12.6b
WTG Wonderful Times Group
115.9xn/aSEK 56.8m
MIPS Mips
117.6x48.7%SEK 12.2b

Price-To-Earnings vs Peers: MIPS is expensive based on its Price-To-Earnings Ratio (117.6x) compared to the peer average (52.5x).

Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MIPS 117.6xIndustry Avg. 18.2xNo. of Companies4PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MIPS is expensive based on its Price-To-Earnings Ratio (117.6x) compared to the Global Leisure industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is MIPS'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.

MIPS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio117.6x
Fair PE Ratio49.1x

Price-To-Earnings vs Fair Ratio: MIPS is expensive based on its Price-To-Earnings Ratio (117.6x) compared to the estimated Fair Price-To-Earnings Ratio (49.1x).

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 MIPS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 461.60
SEK 617.00
+33.7%
10.4%SEK 680.00SEK 500.00n/a5
Dec ’25SEK 484.20
SEK 617.00
+27.4%
10.4%SEK 680.00SEK 500.00n/a5
Nov ’25SEK 518.50
SEK 611.00
+17.8%
10.9%SEK 680.00SEK 500.00n/a5
Oct ’25SEK 535.00
SEK 589.00
+10.1%
9.4%SEK 650.00SEK 500.00n/a5
Sep ’25SEK 582.00
SEK 554.00
-4.8%
21.5%SEK 650.00SEK 325.00n/a5
Aug ’25SEK 525.00
SEK 554.00
+5.5%
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 427.60
SEK 375.00
-12.3%
12.1%SEK 435.00SEK 325.00n/a5
May ’25SEK 376.20
SEK 375.00
-0.3%
12.1%SEK 435.00SEK 325.00n/a5
Apr ’25SEK 351.00
SEK 370.00
+5.4%
10.1%SEK 420.00SEK 325.00n/a5
Mar ’25SEK 308.30
SEK 370.00
+20.0%
10.1%SEK 420.00SEK 325.00n/a5
Feb ’25SEK 340.30
SEK 361.00
+6.1%
6.9%SEK 400.00SEK 330.00n/a5
Jan ’25SEK 364.50
SEK 392.00
+7.5%
13.2%SEK 480.00SEK 330.00n/a5
Dec ’24SEK 310.30
SEK 392.00
+26.3%
13.2%SEK 480.00SEK 330.00SEK 484.205
Nov ’24SEK 272.60
SEK 452.00
+65.8%
13.0%SEK 530.00SEK 360.00SEK 518.505
Oct ’24SEK 370.80
SEK 507.60
+36.9%
7.6%SEK 573.00SEK 475.00SEK 535.005
Sep ’24SEK 403.60
SEK 515.00
+27.6%
10.0%SEK 610.00SEK 475.00SEK 582.005
Aug ’24SEK 480.40
SEK 525.00
+9.3%
9.1%SEK 610.00SEK 480.00SEK 525.005
Jul ’24SEK 534.20
SEK 497.00
-7.0%
22.1%SEK 610.00SEK 295.00SEK 416.205
Jun ’24SEK 555.00
SEK 503.00
-9.4%
22.7%SEK 610.00SEK 295.00SEK 427.605
May ’24SEK 552.60
SEK 493.00
-10.8%
23.1%SEK 610.00SEK 295.00SEK 376.205
Apr ’24SEK 523.60
SEK 471.00
-10.0%
20.9%SEK 600.00SEK 295.00SEK 351.005
Mar ’24SEK 465.80
SEK 471.00
+1.1%
20.9%SEK 600.00SEK 295.00SEK 308.305
Feb ’24SEK 407.40
SEK 379.00
-7.0%
24.2%SEK 500.00SEK 290.00SEK 340.305
Jan ’24SEK 429.90
SEK 337.40
-21.5%
8.4%SEK 385.00SEK 310.00SEK 364.505
Dec ’23SEK 420.50
SEK 337.40
-19.8%
8.4%SEK 385.00SEK 310.00SEK 310.305

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 Analysis2024/12/19 22:42
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Mips AB (publ) is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel ThorssonABG Sundal Collier
Karl VikströmBerenberg
Emanuel JanssonDanske Bank