Stillfront Group Valuation

Q: What is the Fair Price of SF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SF (SEK7.2) is trading below our estimate of [[fair value]] (SEK30.29)

Is SF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SF (SEK7.2) is trading below our estimate of fair value (SEK30.29)

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

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for SF. This is calculated by dividing SF's market cap by their current preferred multiple.
What is SF's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	SEK 3.66b

SF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.1x
Enterprise Value/EBITDA	6.6x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does SF's PS Ratio compare to its peers?

The above table shows the PS ratio for SF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	2.8x
MTG B Modern Times Group MTG	1.5x	3.8%	SEK 9.1b
EG7 Enad Global 7	0.7x	14.9%	SEK 1.2b
G5EN G5 Entertainment	0.6x	-0.4%	SEK 734.7m
PDX Paradox Interactive	8.2x	9.3%	SEK 20.4b
SF Stillfront Group	0.5x	0.1%	SEK 3.7b

Price-To-Sales vs Peers: SF is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (2.8x).

Price to Earnings Ratio vs Industry

How does SF's PE Ratio compare vs other companies in the SE Entertainment Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	83.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	83.1%
	n/a	n/a	n/a

No more companies

Price-To-Sales vs Industry: SF is good value based on its Price-To-Sales Ratio (0.5x) compared to the Swedish Entertainment industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is SF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.5x
Fair PS Ratio	0.9x

Price-To-Sales vs Fair Ratio: SF is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

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 SF forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	SEK 7.20	SEK 11.36 +57.7%	20.3%	SEK 14.00	SEK 7.50	n/a	7
Oct ’25	SEK 6.44	SEK 12.17 +89.0%	15.6%	SEK 14.00	SEK 9.50	n/a	7
Sep ’25	SEK 7.57	SEK 12.74 +68.3%	17.2%	SEK 16.00	SEK 9.50	n/a	7
Aug ’25	SEK 8.74	SEK 12.84 +46.9%	16.1%	SEK 16.00	SEK 9.50	n/a	8
Jul ’25	SEK 9.94	SEK 14.41 +45.0%	17.9%	SEK 20.00	SEK 10.50	n/a	8
Jun ’25	SEK 11.83	SEK 16.14 +36.4%	29.2%	SEK 27.00	SEK 10.50	n/a	9
May ’25	SEK 10.60	SEK 16.36 +54.4%	30.4%	SEK 27.00	SEK 10.50	n/a	9
Apr ’25	SEK 9.53	SEK 16.51 +73.3%	29.8%	SEK 27.00	SEK 10.50	n/a	9
Mar ’25	SEK 9.92	SEK 16.62 +67.6%	29.1%	SEK 27.00	SEK 10.50	n/a	9
Feb ’25	SEK 10.65	SEK 17.29 +62.3%	29.8%	SEK 27.00	SEK 12.00	n/a	8
Jan ’25	SEK 12.17	SEK 19.83 +63.0%	28.5%	SEK 27.00	SEK 12.00	n/a	8
Dec ’24	SEK 11.24	SEK 19.83 +76.4%	28.5%	SEK 27.00	SEK 12.00	n/a	8
Nov ’24	SEK 11.37	SEK 20.58 +81.1%	29.2%	SEK 27.00	SEK 12.00	SEK 7.39	8
Oct ’24	SEK 16.00	SEK 27.38 +71.1%	16.0%	SEK 35.00	SEK 20.00	SEK 6.44	8
Sep ’24	SEK 18.52	SEK 27.11 +46.4%	15.5%	SEK 35.00	SEK 20.00	SEK 7.57	9
Aug ’24	SEK 19.25	SEK 27.11 +40.8%	15.5%	SEK 35.00	SEK 20.00	SEK 8.74	9
Jul ’24	SEK 18.03	SEK 27.50 +52.5%	15.1%	SEK 35.00	SEK 20.00	SEK 9.94	9
Jun ’24	SEK 20.17	SEK 28.25 +40.1%	16.1%	SEK 35.00	SEK 20.00	SEK 11.83	10
May ’24	SEK 21.80	SEK 27.20 +24.8%	19.1%	SEK 35.00	SEK 19.50	SEK 10.60	10
Apr ’24	SEK 20.05	SEK 27.50 +37.2%	19.6%	SEK 35.00	SEK 19.50	SEK 9.53	9
Mar ’24	SEK 18.78	SEK 28.75 +53.1%	22.1%	SEK 40.00	SEK 19.50	SEK 9.92	10
Feb ’24	SEK 18.44	SEK 30.80 +67.1%	29.4%	SEK 45.00	SEK 20.00	SEK 10.65	10
Jan ’24	SEK 17.52	SEK 34.25 +95.5%	20.8%	SEK 45.00	SEK 24.00	SEK 12.17	10
Dec ’23	SEK 16.50	SEK 34.25 +107.6%	20.8%	SEK 45.00	SEK 24.00	SEK 11.24	10
Nov ’23	SEK 21.40	SEK 35.75 +67.1%	20.2%	SEK 45.00	SEK 24.50	SEK 11.37	10

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.