Paradox Interactive AB (publ)

OM:PDX Stock Report

Market Cap: SEK 22.7b

Paradox Interactive Valuation

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

Discounted Cash Flow
Simply Wall St
SEK 248.08
Fair Value
13.3% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: PDX (SEK215) is trading below our estimate of fair value (SEK248.08)

Significantly Below Fair Value: PDX is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for PDX. This is calculated by dividing PDX's market cap by their current earnings.
What is PDX's PE Ratio?
PE Ratio38.8x
EarningsSEK 584.63m
Market CapSEK 22.71b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PDX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.3x
G5EN G5 Entertainment
9.1x2.8%SEK 1.1b
FLEXM Flexion Mobile
30.5x87.7%SEK 394.2m
ENVAR Envar Holding
22.7xn/aSEK 236.3m
HEM Hemnet Group
83.1x23.1%SEK 40.0b
PDX Paradox Interactive
38.8x21.5%SEK 22.7b

Price-To-Earnings vs Peers: PDX is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the peer average (36.3x).

Price to Earnings Ratio vs Industry

How does PDX's PE Ratio compare vs other companies in the European Entertainment Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PDX 38.8xIndustry Avg. 13.8xNo. of Companies11PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PDX is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the European Entertainment industry average (13.8x).

Price to Earnings Ratio vs Fair Ratio

What is PDX'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.

PDX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.8x
Fair PE Ratio24.8x

Price-To-Earnings vs Fair Ratio: PDX is expensive based on its Price-To-Earnings Ratio (38.8x) compared to the estimated Fair Price-To-Earnings Ratio (24.8x).

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 PDX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 215.00
SEK 231.00
+7.4%
17.7%SEK 280.00SEK 160.00n/a5
Feb ’26SEK 217.00
SEK 230.00
+6.0%
16.5%SEK 280.00SEK 155.00n/a6
Jan ’26SEK 205.40
SEK 219.17
+6.7%
20.2%SEK 280.00SEK 140.00n/a6
Dec ’25SEK 185.80
SEK 219.17
+18.0%
20.2%SEK 280.00SEK 140.00n/a6
Nov ’25SEK 200.00
SEK 211.67
+5.8%
23.8%SEK 280.00SEK 140.00n/a6
Oct ’25SEK 181.70
SEK 190.00
+4.6%
23.4%SEK 240.00SEK 125.00n/a5
Sep ’25SEK 144.80
SEK 190.00
+31.2%
23.4%SEK 240.00SEK 125.00n/a5
Aug ’25SEK 151.10
SEK 191.00
+26.4%
22.5%SEK 240.00SEK 130.00n/a5
Jul ’25SEK 142.80
SEK 196.00
+37.3%
22.7%SEK 250.00SEK 130.00n/a5
Jun ’25SEK 149.40
SEK 227.50
+52.3%
19.0%SEK 270.00SEK 160.00n/a4
May ’25SEK 168.40
SEK 242.50
+44.0%
9.4%SEK 270.00SEK 220.00n/a4
Apr ’25SEK 188.10
SEK 253.75
+34.9%
9.2%SEK 280.00SEK 220.00n/a4
Mar ’25SEK 191.70
SEK 253.75
+32.4%
9.2%SEK 280.00SEK 220.00n/a4
Feb ’25SEK 197.20
SEK 255.00
+29.3%
10.6%SEK 280.00SEK 215.00SEK 217.004
Jan ’25SEK 225.40
SEK 258.75
+14.8%
10.7%SEK 285.00SEK 215.00SEK 205.404
Dec ’24SEK 212.60
SEK 258.75
+21.7%
10.7%SEK 285.00SEK 215.00SEK 185.804
Nov ’24SEK 208.60
SEK 261.25
+25.2%
11.4%SEK 290.00SEK 215.00SEK 200.004
Oct ’24SEK 229.60
SEK 293.75
+27.9%
5.6%SEK 315.00SEK 270.00SEK 181.704
Sep ’24SEK 278.60
SEK 301.25
+8.1%
3.0%SEK 315.00SEK 290.00SEK 144.804
Aug ’24SEK 309.00
SEK 293.75
-4.9%
7.0%SEK 315.00SEK 260.00SEK 151.104
Jul ’24SEK 272.20
SEK 262.25
-3.7%
3.5%SEK 278.00SEK 255.00SEK 142.804
Jun ’24SEK 269.80
SEK 245.80
-8.9%
13.8%SEK 278.00SEK 180.00SEK 149.405
May ’24SEK 252.00
SEK 226.80
-10.0%
12.9%SEK 260.00SEK 180.00SEK 168.405
Apr ’24SEK 258.50
SEK 210.60
-18.5%
7.3%SEK 220.00SEK 180.00SEK 188.105
Mar ’24SEK 226.50
SEK 210.60
-7.0%
7.3%SEK 220.00SEK 180.00SEK 191.705
Feb ’24SEK 187.35
SEK 198.80
+6.1%
5.3%SEK 209.00SEK 180.00SEK 197.205
Analyst Price Target
Consensus Narrative from 5 Analysts
SEK 231.00
Fair Value
6.9% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/15 06:30
End of Day Share Price 2025/02/14 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

Paradox Interactive AB (publ) is covered by 10 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
null nullABG Sundal Collier
Aytaj KhalilliBarclays
Edward JamesBerenberg