company background image
MTG

Modern Times Group MTG OM:MTG A Stock Report

Last Price

kr115.50

Market Cap

kr12.5b

7D

1.3%

1Y

1.3%

Updated

21 May, 2022

Data

Company Financials +
MTG A fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

MTG A Stock Overview

Modern Times Group MTG AB (publ), through its subsidiaries, operates as a digital entertainment company in the United States, the United Kingdom, Germany, rest of Europe, Singapore, India, New Zealand, and internationally.

Modern Times Group MTG Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Modern Times Group MTG
Historical stock prices
Current Share Pricekr115.50
52 Week Highkr144.00
52 Week Lowkr87.50
Beta0.82
1 Month Change-14.13%
3 Month Change-6.86%
1 Year Change1.32%
3 Year Change-6.48%
5 Year Change-62.94%
Change since IPO102.63%

Recent News & Updates

Shareholder Returns

MTG ASE EntertainmentSE Market
7D1.3%8.8%0.3%
1Y1.3%-37.8%-8.8%

Return vs Industry: MTG A exceeded the Swedish Entertainment industry which returned -37.8% over the past year.

Return vs Market: MTG A exceeded the Swedish Market which returned -12.7% over the past year.

Price Volatility

Is MTG A's price volatile compared to industry and market?
MTG A volatility
MTG A Average Weekly Movement8.5%
Entertainment Industry Average Movement8.4%
Market Average Movement7.9%
10% most volatile stocks in SE Market13.0%
10% least volatile stocks in SE Market4.9%

Stable Share Price: MTG A is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: MTG A's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19871,040Maria Redinhttps://www.mtg.com

Modern Times Group MTG AB (publ), through its subsidiaries, operates as a digital entertainment company in the United States, the United Kingdom, Germany, rest of Europe, Singapore, India, New Zealand, and internationally. It operates through Esport and Gaming segments. The Esport segment operates national and international tournaments, as well as grassroots amateur cups, leagues, and festivals; and engages in the gaming technology, event management, advertising, and TV production business.

Modern Times Group MTG Fundamentals Summary

How do Modern Times Group MTG's earnings and revenue compare to its market cap?
MTG A fundamental statistics
Market Capkr12.46b
Earnings (TTM)-kr471.00m
Revenue (TTM)kr5.90b

2.1x

P/S Ratio

-26.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MTG A income statement (TTM)
Revenuekr5.90b
Cost of Revenuekr3.12b
Gross Profitkr2.78b
Other Expenseskr3.25b
Earnings-kr471.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 20, 2022

Earnings per share (EPS)-4.28
Gross Margin47.12%
Net Profit Margin-7.99%
Debt/Equity Ratio28.2%

How did MTG A perform over the long term?

See historical performance and comparison

Valuation

Is Modern Times Group MTG undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


27.7%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: MTG A (SEK115.5) is trading below our estimate of fair value (SEK159.75)

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


Price To Earnings Ratio

PE vs Industry: MTG A is unprofitable, so we can't compare its PE Ratio to the Swedish Entertainment industry average.

PE vs Market: MTG A is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MTG A's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MTG A is good value based on its PB Ratio (1.6x) compared to the SE Entertainment industry average (2.2x).


Future Growth

How is Modern Times Group MTG forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-34.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTG A's earnings are forecast to decline over the next 3 years (-34.8% per year).

Earnings vs Market: MTG A is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MTG A's is expected to become profitable in the next 3 years.

Revenue vs Market: MTG A's revenue (4.9% per year) is forecast to grow slower than the Swedish market (5.8% per year).

High Growth Revenue: MTG A's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MTG A's Return on Equity is forecast to be low in 3 years time (3.4%).


Past Performance

How has Modern Times Group MTG performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-49.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MTG A is currently unprofitable.

Growing Profit Margin: MTG A is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MTG A is unprofitable, and losses have increased over the past 5 years at a rate of 49.8% per year.

Accelerating Growth: Unable to compare MTG A's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MTG A is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (11.1%).


Return on Equity

High ROE: MTG A has a negative Return on Equity (-5.63%), as it is currently unprofitable.


Financial Health

How is Modern Times Group MTG's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MTG A's short term assets (SEK4.7B) exceed its short term liabilities (SEK4.3B).

Long Term Liabilities: MTG A's short term assets (SEK4.7B) exceed its long term liabilities (SEK3.8B).


Debt to Equity History and Analysis

Debt Level: MTG A's net debt to equity ratio (19.1%) is considered satisfactory.

Reducing Debt: MTG A's debt to equity ratio has reduced from 61.7% to 28.2% over the past 5 years.

Debt Coverage: MTG A's debt is not well covered by operating cash flow (15.5%).

Interest Coverage: MTG A's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


Dividend

What is Modern Times Group MTG current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MTG A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MTG A's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MTG A's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MTG A's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: MTG A is not paying a notable dividend for the Swedish market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MTG A has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Maria Redin (43 yo)

1.67yrs

Tenure

kr12,857,000

Compensation

Ms. Maria Redin serves as Director of Hemnet Group AB (publ) since April 29, 2022. She serves as Group President and Chief Executive Officer at Modern Times Group Mtg AB since September 03, 2020. She had b...


CEO Compensation Analysis

Compensation vs Market: Maria's total compensation ($USD1.29M) is above average for companies of similar size in the Swedish market ($USD815.49K).

Compensation vs Earnings: Maria's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MTG A's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: MTG A's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.8%.


Top Shareholders

Company Information

Modern Times Group MTG AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Modern Times Group MTG AB (publ)
  • Ticker: MTG A
  • Exchange: OM
  • Founded: 1987
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Implied Market Cap: kr12.457b
  • Shares outstanding: 109.94m
  • Website: https://www.mtg.com

Number of Employees


Location

  • Modern Times Group MTG AB (publ)
  • Skeppsbron 18
  • PO Box 2094
  • Stockholm
  • Stockholm County
  • 103 13
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.