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/IC

1.1
Current
92%
More Expensive
vs 3-y average of 0.6

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.1
=
Enterprise Value
kr18.2B
/
Invested Capital
kr18.1B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.1
=
Enterprise Value
kr18.2B
/
Invested Capital
kr18.1B

Valuation Scenarios

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

If EV/IC returns to its 3-Year Average (0.6), the stock would be worth kr65.71 (48% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-51%
Maximum Upside
+52%
Average Downside
8%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.1 kr125.9
0%
3-Year Average 0.6 kr65.71
-48%
5-Year Average 0.5 kr61.48
-51%
Industry Average 1.6 kr191.53
+52%
Country Average 1.2 kr145.13
+15%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
SE
Modern Times Group MTG AB
STO:MTG B
Average P/E: 30.9
Negative Multiple: -235.2
N/A N/A
CN
NetEase Inc
NASDAQ:NTES
15.4
14%
1.1
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
JP
Nintendo Co Ltd
TSE:7974
22.1
26%
0.8
US
Electronic Arts Inc
NASDAQ:EA
74.3
32%
2.3
SG
Sea Ltd
NYSE:SE
29.8
23%
1.3
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10.1 N/A N/A
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -30 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
18.8
N/A N/A
JP
Konami Holdings Corp
TSE:9766
29.9
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
22.3
18%
1.2

Market Distribution

In line with most companies in Sweden
Percentile
44rd
Based on 1 391 companies
44rd percentile
1.1
Low
0 — 0.8
Typical Range
0.8 — 2.1
High
2.1 —
Distribution Statistics
Sweden
Min 0
30th Percentile 0.8
Median 1.2
70th Percentile 2.1
Max 14 155.2

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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