Executive Summary
Modern Times Group MTG AB, through its subsidiaries, operates as a digital entertainment company in the United States, Sweden, Denmark, Germany, rest of Europe, and internationally. More Details
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Modern Times Group Mtg's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MTG B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: MTG B's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-5.4%
MTG B
-8.2%
SE Entertainment
-1.4%
SE Market
1 Year Return
15.2%
MTG B
52.2%
SE Entertainment
56.4%
SE Market
Return vs Industry: MTG B underperformed the Swedish Entertainment industry which returned 52.2% over the past year.
Return vs Market: MTG B underperformed the Swedish Market which returned 56.4% over the past year.
Shareholder returns
| MTG B | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.4% | -8.2% | -1.4% |
| 30 Day | -20.4% | -16.2% | -1.7% |
| 90 Day | -25.3% | -21.5% | 8.4% |
| 1 Year | 30.3%15.2% | 54.3%52.2% | 61.6%56.4% |
| 3 Year | 2.3%-69.9% | 116.9%59.5% | 63.4%45.3% |
| 5 Year | 65.7%-55.5% | -10.6%-60.8% | 105.4%64.5% |
Long-Term Price Volatility Vs. Market
How volatile is Modern Times Group Mtg's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Investigate Modern Times Group Mtg AB (STO:MTG B) At kr115?1 month ago | Simply Wall St
Modern Times Group Mtg (STO:MTG B) Long Term Shareholders are 17% In The Black2 months ago | Simply Wall St
These 4 Measures Indicate That Modern Times Group Mtg (STO:MTG B) Is Using Debt Reasonably WellValuation
Is Modern Times Group Mtg undervalued compared to its fair value and its price relative to the market?
22.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MTG B (SEK107) is trading below our estimate of fair value (SEK138.37)
Significantly Below Fair Value: MTG B is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MTG B is unprofitable, so we can't compare its PE Ratio to the Swedish Entertainment industry average.
PE vs Market: MTG B 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 B's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MTG B is good value based on its PB Ratio (1.5x) compared to the SE Entertainment industry average (3.6x).
Future Growth
How is Modern Times Group Mtg forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
92.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTG B is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).
Earnings vs Market: MTG B is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MTG B's is expected to become profitable in the next 3 years.
Revenue vs Market: MTG B's revenue (14.7% per year) is forecast to grow faster than the Swedish market (0.6% per year).
High Growth Revenue: MTG B's revenue (14.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MTG B's Return on Equity is forecast to be low in 3 years time (4.3%).
Past Performance
How has Modern Times Group Mtg performed over the past 5 years?
-61.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MTG B is currently unprofitable.
Growing Profit Margin: MTG B is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MTG B is unprofitable, and losses have increased over the past 5 years at a rate of 61.1% per year.
Accelerating Growth: Unable to compare MTG B's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MTG B is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (89.8%).
Return on Equity
High ROE: MTG B has a negative Return on Equity (-0.96%), as it is currently unprofitable.
Financial Health
How is Modern Times Group Mtg's financial position?
Financial Position Analysis
Short Term Liabilities: MTG B's short term assets (SEK2.5B) exceed its short term liabilities (SEK1.2B).
Long Term Liabilities: MTG B's short term assets (SEK2.5B) exceed its long term liabilities (SEK1.4B).
Debt to Equity History and Analysis
Debt Level: MTG B's debt to equity ratio (0.01%) is considered satisfactory.
Reducing Debt: MTG B's debt to equity ratio has reduced from 64.2% to 0.01% over the past 5 years.
Debt Coverage: MTG B's debt is well covered by operating cash flow (31000%).
Interest Coverage: MTG B is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Modern Times Group Mtg current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MTG B'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 B'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 B's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MTG B's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MTG B is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MTG B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Maria Redin (42 yo)
0.67
Tenure
Ms. Maria Redin serves as Group President and Chief Executive Officer at Modern Times Group Mtg AB since September 03, 2020. She had been Chief Financial Officer at Modern Times Group Mtg AB since December...
Leadership Team
Experienced Management: MTG B's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: MTG B's board of directors are considered experienced (3 years average tenure).
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 substantially diluted in the past year, with total shares outstanding growing by 57.3%.
Top Shareholders
Company Information
Modern Times Group Mtg AB's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Modern Times Group Mtg AB
- Ticker: MTG B
- Exchange: OM
- Founded: 1987
- Industry: Interactive Home Entertainment
- Sector: Media
- Market Cap: kr11.338b
- Shares outstanding: 105.95m
- Website: https://www.mtg.com
Number of Employees
Location
- Modern Times Group Mtg AB
- Skeppsbron 18
- PO Box 2094
- Stockholm
- Stockholm County
- 103 13
- Sweden
Listings
Biography
Modern Times Group MTG AB, through its subsidiaries, operates as a digital entertainment company in the United States, Sweden, Denmark, Germany, rest of Europe, and internationally. It operates through Esp...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/16 17:44 |
| End of Day Share Price | 2021/05/14 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.