Modern Times Group MTG AB
STO:MTG B

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Modern Times Group MTG AB
STO:MTG B
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Price: 125.9 SEK -0.24% Market Closed
Market Cap: kr15.5B

EV/FCFF

13
Current
64%
More Expensive
vs 3-y average of 8

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
13
=
Enterprise Value
kr18.2B
/
Free Cash Flow to Firm
kr1.5B

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
13
=
Enterprise Value
kr18.2B
/
Free Cash Flow to Firm
kr1.5B

Valuation Scenarios

Modern Times Group MTG AB is trading above its 3-year average

If EV/FCFF returns to its 3-Year Average (8), the stock would be worth kr76.81 (39% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-39%
Maximum Upside
+83%
Average Upside
19%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 13 kr125.9
0%
3-Year Average 8 kr76.81
-39%
5-Year Average 7.9 kr76.33
-39%
Industry Average 23.9 kr230.68
+83%
Country Average 22.4 kr216.28
+72%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
SE
Modern Times Group MTG AB
STO:MTG B
14.6B SEK 13 -235.2
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 26.4 34.2
CN
NetEase Inc
NASDAQ:NTES
73.1B USD 7.3 15.2
JP
Nintendo Co Ltd
TSE:7974
8.9T JPY 49.9 22.3
US
Electronic Arts Inc
NASDAQ:EA
50.7B USD 21.4 74.4
SG
Sea Ltd
NYSE:SE
45.5B USD 8.3 29.2
US
Roblox Corp
NYSE:RBLX
39.9B USD 28.1 -37.3
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
39.9B USD 81.1 -10
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
130.6B CNY 17.2 34.7
JP
Konami Holdings Corp
TSE:9766
2.6T JPY 44.8 29.8
JP
Nexon Co Ltd
TSE:3659
2.1T JPY 7.6 22.7
P/E Multiple
Earnings Growth PEG
SE
Modern Times Group MTG AB
STO:MTG B
Average P/E: 32.8
Negative Multiple: -235.2
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
15.2
14%
1.1
JP
Nintendo Co Ltd
TSE:7974
22.3
26%
0.9
US
Electronic Arts Inc
NASDAQ:EA
74.4
32%
2.3
SG
Sea Ltd
NYSE:SE
29.2
27%
1.1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -37.3 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
34.7
104%
0.3
JP
Konami Holdings Corp
TSE:9766
29.8
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
22.7
18%
1.3

Market Distribution

Lower than 74% of companies in Sweden
Percentile
26th
Based on 1 144 companies
26th percentile
13
Low
0.2 — 14.9
Typical Range
14.9 — 32.4
High
32.4 —
Distribution Statistics
Sweden
Min 0.2
30th Percentile 14.9
Median 22.4
70th Percentile 32.4
Max 829.7

Modern Times Group MTG AB
Glance View

Market Cap
15.5B SEK
Industry
Media

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.

MTG B Intrinsic Value
207.14 SEK
Undervaluation 39%
Intrinsic Value
Price kr125.9
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