OM:THQN B

Stock Analysis Report

Executive Summary

THQ Nordic AB (publ), together with its subsidiaries, acquires, develops, and publishes PC and console games for the gaming market worldwide.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has THQ Nordic's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.6%

OM:THQN B

-1.0%

SE Entertainment

-1.2%

SE Market


1 Year Return

13.5%

OM:THQN B

-28.2%

SE Entertainment

-2.6%

SE Market

THQN B outperformed the Entertainment industry which returned -28.2% over the past year.

THQN B outperformed the Market in Sweden which returned -2.7% over the past year.


Share holder returns

THQN BIndustryMarket
7 Day4.6%-1.0%-1.2%
30 Day2.7%-4.1%-3.6%
90 Day1.8%-5.1%-2.8%
1 Year13.5%13.5%-11.5%-28.2%1.4%-2.6%
3 Yearn/a12.1%-28.6%25.3%6.6%
5 Yearn/a-28.0%-68.9%44.9%14.3%

Price Volatility Vs. Market

How volatile is THQ Nordic's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is THQ Nordic undervalued based on future cash flows and its price relative to the stock market?

65.72x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

THQ Nordic's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

THQ Nordic's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

THQ Nordic is overvalued based on earnings compared to the SE Entertainment industry average.

THQ Nordic is overvalued based on earnings compared to the Sweden market.


Price Based on Expected Growth

THQ Nordic is poor value based on expected growth next year.


Price Based on Value of Assets

THQ Nordic is overvalued based on assets compared to the SE Entertainment industry average.


Next Steps

Future Growth

How is THQ Nordic expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

28.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

THQ Nordic's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).

THQ Nordic's earnings are expected to grow significantly at over 20% yearly.

THQ Nordic's revenue growth is expected to exceed the Sweden market average.

THQ Nordic's earnings growth is expected to exceed the Sweden market average.

THQ Nordic's earnings growth is expected to exceed the low risk savings rate of 0.4%.


Earnings per Share Growth Estimates


Future Return on Equity

THQ Nordic is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has THQ Nordic performed over the past 5 years?

45.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

THQ Nordic has delivered over 20% year on year earnings growth in the past 5 years.

THQ Nordic's 1-year earnings growth exceeds its 5-year average (62.4% vs 45.3%)

THQ Nordic's earnings growth has exceeded the SE Entertainment industry average in the past year (62.4% vs 13.8%).


Return on Equity

THQ Nordic has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

THQ Nordic used its assets less efficiently than the SE Entertainment industry average last year based on Return on Assets.


Return on Capital Employed

THQ Nordic's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is THQ Nordic's financial position?


Financial Position Analysis

THQ Nordic is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

THQ Nordic's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

THQ Nordic has no debt.

THQ Nordic has no debt compared to 5 years ago when it was 89.2%.

THQ Nordic has no debt, it does not need to be covered by operating cash flow.

THQ Nordic has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

THQ Nordic has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is THQ Nordic's current dividend yield, its reliability and sustainability?

0.097%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate THQ Nordic's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate THQ Nordic's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as THQ Nordic has not reported any payouts.

Unable to verify if THQ Nordic's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as THQ Nordic has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of THQ Nordic's dividends in 3 years as they are not expected to pay a notable one for Sweden.


Next Steps

Management

What is the CEO of THQ Nordic's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average board tenure


CEO

Lars Wingefors (42yo)

kr1,239,000

Compensation

Mr. Lars Wingefors is founder of Lars Wingefors AB. Mr. Wingefors is also the founder of THQ Nordic AB (publ) (formerly, Nordic Games Holding AB) and serves as its Chief Executive Officer. He is a Founder  ...


CEO Compensation Analysis

Lars's remuneration is lower than average for companies of similar size in Sweden.

Lars's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

3.6yrs

Average Tenure

56yo

Average Age

The tenure for the THQ Nordic board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Sellkr130,965,64705 Jun 19
Koch Media Holding GmbH
EntityCompany
Shares611,989
Max Pricekr214.00

Ownership Breakdown


Management Team

  • Lars Wingefors (42yo)

    Founder

    • Compensation: SEK1.24m
  • Erik Stenberg (56yo)

    Co-founder

    • Compensation: SEK923.00k
  • Klemens Kreuzer (43yo)

    Managing Director of THQ Nordic GmbH


Board Members

  • Kicki Wallje-Lund (66yo)

    Chairman of the Board

    • Tenure: 3.6yrs
    • Compensation: SEK476.00k
  • Lars Wingefors (42yo)

    Founder

    • Tenure: 17.6yrs
    • Compensation: SEK1.24m
  • Erik Stenberg (56yo)

    Co-founder

    • Tenure: 17.6yrs
    • Compensation: SEK923.00k
  • Jacob Jonmyren (39yo)

    Director

    • Tenure: 1.3yrs
  • Ulf Hjalmarsson (63yo)

    Director

    • Tenure: 1.3yrs

Company Information

THQ Nordic AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: THQ Nordic AB (publ)
  • Ticker: THQN B
  • Exchange: OM
  • Founded: 1999
  • Industry: interactive home entertainment
  • Sector: media
  • Market Cap: kr24.268b
  • Shares outstanding: 102.57m
  • Website: Click here

Number of Employees


Location

  • THQ Nordic AB (publ)
  • Alvgatan 1
  • Karlstad
  • Värmland County
  • 652 25
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TH9DB (Deutsche Boerse AG)YesClass B SharesDEEURNov 2016
THQN BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKNov 2016
0GFELSE (London Stock Exchange)YesClass B SharesGBSEKNov 2016

Biography

THQ Nordic AB (publ), together with its subsidiaries, acquires, develops, and publishes PC and console games for the gaming market worldwide. The company’s game portfolio consists of owned franchises and p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 22:20
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.