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Modern Times Group MTG AB
LSE:0GXJ

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Modern Times Group MTG AB Logo
Modern Times Group MTG AB
LSE:0GXJ
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Price: 81.5435 SEK 4.86%
Updated: Mar 29, 2024

Intrinsic Value

Modern Times Group MTG AB engages as an entertainment company. [ Read More ]

The intrinsic value of one 0GXJ stock under the Base Case scenario is 66.9029 SEK. Compared to the current market price of 81.5435 SEK, Modern Times Group MTG AB is Overvalued by 18%.

Key Points:
0GXJ Intrinsic Value
Base Case
66.9029 SEK
Overvaluation 18%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Modern Times Group MTG AB

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Fundamental Analysis

MTG Q4 Earnings Highlight Organic Growth and Acquisitions
2023-Q4 Earnings Call

MTG Q4 Earnings Highlight Organic Growth and Acquisitions

MTG ended the year with a solid fourth quarter, delivering 3% organic growth, propelled by its casual studio PlaySimple, and achieved a remarkable 47% increase in its adjusted EBITDA, reaching an impressive 28% margin. The merger with the game developer Monumental and the acquisition of Snowprint, fully integrated into day-to-day operations, illustrate strategic moves to enhance their gaming portfolio. The deal positions MTG with a 30% stake in a potential gaming powerhouse alongside its U.S. studio Kongregate. Despite a full-year revenue dip of 2%, which was within guidance, the second half saw a turnaround with 2% positive growth, led by Word Games franchise and PlaySimple's success. Daily active users and sales also grew, indicating robust business momentum into 2024.

Financials

Balance Sheet Decomposition
Modern Times Group MTG AB

Current Assets 3.7B
Cash & Short-Term Investments 3B
Receivables 787m
Non-Current Assets 13.8B
Long-Term Investments 399m
PP&E 211m
Intangibles 12.9B
Other Non-Current Assets 288m
Current Liabilities 1.9B
Short-Term Debt 534m
Other Current Liabilities 1.3B
Non-Current Liabilities 1.9B
Long-Term Debt 138m
Other Non-Current Liabilities 1.8B
Efficiency

Earnings Waterfall
Modern Times Group MTG AB

Revenue
5.8B SEK
Cost of Revenue
-1.6B SEK
Gross Profit
4.3B SEK
Operating Expenses
-3.3B SEK
Operating Income
925m SEK
Other Expenses
-761m SEK
Net Income
164m SEK

Free Cash Flow Analysis
Modern Times Group MTG AB

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

0GXJ Profitability Score
Profitability Due Diligence

Modern Times Group MTG AB's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Net Income
Positive 3-Years Revenue Growth
Positive Free Cash Flow
55/100
Profitability
Score

Modern Times Group MTG AB's profitability score is 55/100. The higher the profitability score, the more profitable the company is.

0GXJ Solvency Score
Solvency Due Diligence

Modern Times Group MTG AB's solvency score is 71/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Negative Net Debt
Low D/E
Short-Term Solvency
71/100
Solvency
Score

Modern Times Group MTG AB's solvency score is 71/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

0GXJ Price Targets Summary
Modern Times Group MTG AB

Wall Street analysts forecast 0GXJ stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for 0GXJ is 121.6799 SEK with a low forecast of 101.5339 SEK and a high forecast of 147.7771 SEK.

Lowest
Price Target
101.5339 SEK
25% Upside
Average
Price Target
121.6799 SEK
49% Upside
Highest
Price Target
147.7771 SEK
81% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

MTG B Price
Modern Times Group MTG AB

1M 1M
+12%
6M 6M
+13%
1Y 1Y
+11%
3Y 3Y
+26%
5Y 5Y
+50%
10Y 10Y
+274%
Annual Price Range
83.6
52w Low
60.15
52w High
90.75
Price Metrics
Average Annual Return 19.94%
Standard Deviation of Annual Returns 47.96%
Max Drawdown -50%
Shares Statistics
Market Capitalization 10.2B SEK
Shares Outstanding 125 113 205
Percentage of Shares Shorted
N/A

MTG B Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Modern Times Group MTG AB Logo
Modern Times Group MTG AB

Country

Sweden

Industry

Media

Market Cap

10.2B SEK

Dividend Yield

0%

Description

Modern Times Group MTG AB engages as an entertainment company. The company is headquartered in Stockholm, Stockholm and currently employs 1,247 full-time employees. The firm operates in two segments: Esport and Gaming. The Esport segment is made up of ESL, Dreamhack and MTG VC-fund’s investments in esport related companies. Through ESL and Dreamhack,the Company operates national and international tournaments as well as grassroots amatuer cups, leagues and festivals. The Gaming segment is made up of InnoGames, Kongregate and MTG VC-fund’s investment in gaming-related companies. InnoGames is publisher of mobile and on-line games. InnoGames’ complete portfolio encompasses seven live games and several mobile titles in production. InnoGames is focused on the free-to-play segment and provides players with a cross-platform experience on PC and mobile devices. Kongregate is mobile game publisher and developer. The firm operates worldwide.

Contact

STOCKHOLM
Stockholm
Skeppsbron 18, Box 2094
+46856200050.0
https://www.mtg.com/

IPO

1999-05-01

Employees

1 247

Officers

Group President & CEO
Ms. Maria Redin
Chief Financial Officer
Ms. Nils Mosko
Group General Counsel
Mr. Simon Hahn
Chief Marketing Officer
Dr. Christian Pern
Director of People & Culture
Ms. Melanie Calu
Chief Technology Officer of Viasat Broadcasting
Bartek Gudowski
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Executive Vice President of Esports & Gaming
Mr. Arnd Benninghoff
Head of Public Relations
Tobias Gyhlénius
Co-Founder & CCO of Ninja Kiwi
Mr. Stephen Harris
Chief Product Officer
Mr. Oliver Bulloss
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See Also

Discover More
What is the Intrinsic Value of one 0GXJ stock?

The intrinsic value of one 0GXJ stock under the Base Case scenario is 66.9029 SEK.

Is 0GXJ stock undervalued or overvalued?

Compared to the current market price of 81.5435 SEK, Modern Times Group MTG AB is Overvalued by 18%.