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Paradox Interactive AB (publ)OM:PDX Stock Report

Market Cap SEK 12.8b
Share Price
SEK 121.50
n/a
1Y-42.9%
7D-2.8%
Portfolio Value
​
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Paradox Interactive AB (publ)

OM:PDX Stock Report

Market Cap: SEK 12.8b

Paradox Interactive (PDX) Stock Overview

Develops and publishes strategy and management games on PC and consoles in the United States, Rest of Europe, Sweden, and internationally. More details

PDX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance1/6
Financial Health6/6
Dividends2/6

Rewards

Trading at 26.7% below our estimate of its fair value

Earnings are forecast to grow 37.82% per year

Analysts in good agreement that stock price will rise by 34%

Risk Analysis

Dividend of 4.24% is not well covered by earnings or free cash flows

Profit margins (5.7%) are lower than last year (26.6%)

Large one-off items impacting financial results


PDX Community Fair Values

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See what 33 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Paradox Interactive

Upcoming Digital Releases And Recurring Revenue Will Expand Global Reach

Key Takeaways Major upcoming franchise releases and strong live-service strategies are expected to drive both revenue growth and durable high-margin earnings. Leveraging digital distribution, franchise communities, and AI-driven efficiencies reduces costs and boosts reach, supporting predictable sales and long-term profitability.
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SEK 211.67
FV
44.3% undervalued intrinsic discount
14.57%
Revenue growth p.a.
116
users have viewed this narrative
1users have liked this narrative
0users have commented on this narrative
24users have followed this narrative
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Paradox Interactive

Rising Costs And Regulatory Hurdles Will Squeeze Margins

Key Takeaways Heavy reliance on core franchises and changing consumer preferences risks stagnation and exposes Paradox to competitive and financial pressures. Rising costs, regulatory challenges, and the need for ongoing technology investment threaten long-term profitability and earnings stability.
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SEK 205
FV
42.5% undervalued intrinsic discount
15.83%
Revenue growth p.a.
25
users have viewed this narrative
0users have liked this narrative
1users have commented on this narrative
0users have followed this narrative
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Paradox Interactive

Digital Transformation And Evergreen Franchises Will Expand Gaming Audience

Key Takeaways Strong evergreen franchises, community engagement, and digital expansion are set to drive durable recurring revenue, high player retention, and superior margin growth. Upfront expensing and efficient project management enhance earnings stability, while experimenting with subscriptions and streaming unlocks powerful new revenue streams.
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SEK 180
FV
34.6% undervalued intrinsic discount
9.83%
Revenue growth p.a.
19
users have viewed this narrative
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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Paradox Interactive AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Paradox Interactive
Historical stock prices
Current Share PriceSEK 121.50
52 Week HighSEK 218.80
52 Week LowSEK 118.80
Beta0.060
1 Month Change-21.81%
3 Month Change-25.55%
1 Year Change-42.85%
3 Year Change-41.61%
5 Year Change-47.40%
Change since IPO173.65%

Recent News & Updates

Earnings Miss: Paradox Interactive AB (publ) Missed EPS By 35% And Analysts Are Revising Their Forecasts

Feb 02
Earnings Miss: Paradox Interactive AB (publ) Missed EPS By 35% And Analysts Are Revising Their Forecasts

Recent updates

Earnings Miss: Paradox Interactive AB (publ) Missed EPS By 35% And Analysts Are Revising Their Forecasts

Feb 02
Earnings Miss: Paradox Interactive AB (publ) Missed EPS By 35% And Analysts Are Revising Their Forecasts

Here's What Paradox Interactive's (STO:PDX) Strong Returns On Capital Mean

Jan 21
Here's What Paradox Interactive's (STO:PDX) Strong Returns On Capital Mean

Paradox Interactive AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Oct 28
Paradox Interactive AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Paradox Interactive's (STO:PDX) Earnings Seem To Be Promising

Aug 15
Paradox Interactive's (STO:PDX) Earnings Seem To Be Promising

Paradox Interactive AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Aug 10
Paradox Interactive AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Subdued Growth No Barrier To Paradox Interactive AB (publ)'s (STO:PDX) Price

Jul 25
Subdued Growth No Barrier To Paradox Interactive AB (publ)'s (STO:PDX) Price

Many Would Be Envious Of Paradox Interactive's (STO:PDX) Excellent Returns On Capital

May 20
Many Would Be Envious Of Paradox Interactive's (STO:PDX) Excellent Returns On Capital

Paradox Interactive AB (publ) Just Missed EPS By 6.6%: Here's What Analysts Think Will Happen Next

Apr 27
Paradox Interactive AB (publ) Just Missed EPS By 6.6%: Here's What Analysts Think Will Happen Next

Estimating The Fair Value Of Paradox Interactive AB (publ) (STO:PDX)

Mar 01
Estimating The Fair Value Of Paradox Interactive AB (publ) (STO:PDX)
User avatar

Acquisition Of Haemimont Games Will Expand Game Portfolio And Drive Player Engagement

Strategic acquisitions and successful expansion passes boost game portfolio and monetize franchises, enhancing future revenue and margins.

Paradox Interactive AB (publ) Just Recorded A 20% EPS Beat: Here's What Analysts Are Forecasting Next

Feb 09
Paradox Interactive AB (publ) Just Recorded A 20% EPS Beat: Here's What Analysts Are Forecasting Next

Capital Allocation Trends At Paradox Interactive (STO:PDX) Aren't Ideal

Jan 19
Capital Allocation Trends At Paradox Interactive (STO:PDX) Aren't Ideal

Some May Be Optimistic About Paradox Interactive's (STO:PDX) Earnings

Nov 07
Some May Be Optimistic About Paradox Interactive's (STO:PDX) Earnings

Earnings Miss: Here's What Paradox Interactive AB (publ) (STO:PDX) Analysts Are Forecasting For Next Year

Nov 03
Earnings Miss: Here's What Paradox Interactive AB (publ) (STO:PDX) Analysts Are Forecasting For Next Year

Paradox Interactive AB (publ)'s (STO:PDX) 27% Jump Shows Its Popularity With Investors

Oct 03
Paradox Interactive AB (publ)'s (STO:PDX) 27% Jump Shows Its Popularity With Investors

Shareholder Returns

PDXSE EntertainmentSE Market
7D-2.8%1.9%-1.4%
1Y-42.9%-42.9%1.9%

Return vs Industry: PDX underperformed the Swedish Entertainment industry which returned -42.9% over the past year.

Return vs Market: PDX underperformed the Swedish Market which returned 1.9% over the past year.

Price Volatility

Is PDX's price volatile compared to industry and market?
PDX volatility
PDX Average Weekly Movement6.6%
Entertainment Industry Average Movement6.8%
Market Average Movement6.0%
10% most volatile stocks in SE Market12.0%
10% least volatile stocks in SE Market3.2%

Stable Share Price: PDX has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: PDX's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999638Fredrik Westerwww.paradoxinteractive.com

Paradox Interactive AB (publ) develops and publishes strategy and management games on PC and consoles in the United States, Rest of Europe, Sweden, and internationally. The company’s game portfolio comprises various franchises, such as Age of Wonders, Cities: Skylines, Crusader Kings, Europa Universalis, Hearts of Iron, Prison Architect, Stellaris, the Surviving games, and Victoria, as well as World of Darkness brand. Paradox Interactive AB (publ) was founded in 1999 and is headquartered in Stockholm, Sweden.

Paradox Interactive AB (publ) Fundamentals Summary

How do Paradox Interactive's earnings and revenue compare to its market cap?
PDX fundamental statistics
Market capSEK 12.83b
Earnings (TTM)SEK 125.46m
Revenue (TTM)SEK 2.19b
102.3x
P/E Ratio
5.9x
P/S Ratio

Is PDX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PDX income statement (TTM)
RevenueSEK 2.19b
Cost of RevenueSEK 1.30b
Gross ProfitSEK 890.31m
Other ExpensesSEK 764.85m
EarningsSEK 125.46m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Apr 09, 2026

Earnings per share (EPS)1.19
Gross Margin40.62%
Net Profit Margin5.72%
Debt/Equity Ratio0%

How did PDX perform over the long term?

See historical performance and comparison

Dividends

4.1%
Current Dividend Yield
421%
Payout Ratio

Does PDX pay a reliable dividends?

See PDX dividend history and benchmarks
When do you need to buy PDX by to receive an upcoming dividend?
Paradox Interactive dividend dates
Ex Dividend DateMay 13 2026
Dividend Pay DateMay 20 2026
Days until Ex dividend85 days
Days until Dividend pay date92 days

Does PDX pay a reliable dividends?

See PDX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/16 14:41
End of Day Share Price 2026/02/13 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

Paradox Interactive AB (publ) is covered by 10 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
Edward JamesBerenberg
Mikael LaséenCarnegie Investment Bank AB