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Fable Media Group (FABLE) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 202M SEK

FM Fable Media Group FABLE · ST
Pricekr 7.16
Fair Valuekr 9.97
Upside+39.3%
Quality69/100
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Mixed Growth
Highly profitable · 42.2% net margin
Moderate debt · generates free cash flow
12.30% dividend yield
Ranks above peers (11/14)
Wide moat 87/100
Evidence: High Range kr 5.55 – kr 19.50 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from kr 9.96 to kr 9.97 (+0.1%) since Jun 24, 2026. Share price +17.4% over the past month.

A solid business, screening 39% undervalued on our models.

What matters now

  • The model range is unusually wide (kr 5.55 to kr 19.50). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

kr 36.99 kr 3.52 Fair Value kr 9.97 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range kr 3.52 – kr 36.99 · fair‑value band kr 5.55 – kr 19.50 · the kr 7.16 price screens below the kr 9.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Fable Media Group (FABLE) currently trades at kr 7.16, while our model-based Fair Value estimate is kr 9.97, implying the stock looks roughly 39.3% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Fable Media Group generated revenue of 64.2M SEK at a net margin of 42.2%. Revenue declined 7.7% year over year. It earns a return on equity of 25.9%. Net debt stands at 53.4M SEK. Fundamentals as of Jul 16, 2026

Our scenario range runs from kr 5.55 (bear case) to kr 19.50 (bull case); at kr 7.16, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 96% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -11% fair-value upside, at 39%, FABLE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF kr 3.23 kr 4.87 kr 6.80 80
Residual Income kr 4.89 kr 6.79 kr 32.23 76
Rev-Margin DCF kr 2.68 kr 4.86 kr 7.39 74
All 26 models by family
DCF Models
FCF DCF kr 3.23 kr 5.14 kr 7.53 38
Owner Earnings kr 5.99 kr 8.99 kr 12.75 31
5Y Revenue Exit kr 2.68 kr 4.81 kr 7.48 39
5Y EBITDA Exit kr 6.33 kr 11.65 kr 17.88 41
5Y P/E Exit kr 8.23 kr 15.22 kr 22.59 38
10Y Revenue Exit kr 2.77 kr 4.59 kr 6.96 36
10Y EBITDA Exit kr 4.86 kr 8.66 kr 13.75 37
10Y P/E Exit kr 5.90 kr 10.78 kr 16.83 35
Earnings-Based
Graham-Dodd kr 6.38 kr 20.25 kr 26.98 54
Lynch FV kr 4.46 kr 6.37 kr 8.28 50
PEG = 1.0 kr 4.46 kr 6.37 kr 8.28 46
EPV kr 5.70 kr 6.57 kr 7.28 59
Dividend Discount
Gordon GGM kr 1.74 kr 2.92 kr 3.79 70
DDM Multi-Stage kr 1.74 kr 2.64 kr 3.14 61
Multiples
P/E Multiple kr 15.49 kr 20.66 kr 25.82 63
P/S Multiple kr 5.06 kr 6.75 kr 8.43 58
P/B Multiple kr 8.60 kr 11.46 kr 14.33 55
EV/EBIT kr 13.89 kr 19.05 kr 24.20 53
EV/EBITDA kr 10.10 kr 13.99 kr 17.88 54
EV/Revenue kr 2.48 kr 4.21 kr 5.95 43
Asset-Based
NCAV (Graham) kr 1.64 kr 2.19 kr 3.28 50
Growth DCF
Growth DCF kr 3.23 kr 4.87 kr 6.80 80
Rev-Margin DCF kr 2.68 kr 4.86 kr 7.39 74
Economic Profit
Residual Income kr 4.89 kr 6.79 kr 32.23 76
ROIC Compounder kr 6.04 kr 7.44 kr 8.93 72
Growth Earnings
Growth-Adj P/E kr 12.83 kr 18.33 kr 23.83 68

Widest divergence: Growth Earnings (kr 18.33) versus Asset-Based (kr 2.19). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 64.2M SEK
Revenue growth (YoY) -7.7%
Net margin 42.2%
Return on equity 25.9%
Free cash flow 19.6M SEK FY2025
P/E ratio 7.4
More key figures
Operating margin 54.5%
EPS (TTM) kr 0.8000
Dividend yield 12.3%
EPS growth (YoY) -46.7%
Net debt 53.4M SEK FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 67 · Market factors (momentum, volatility) 80

Profitability 74
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 89
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Fable Media Group AB invests in marketing businesses. It is involved in the promotion of online sports betting operators. The company was formerly known as Future Gaming Group International AB and changed its name to Fable Media Group AB in January 2024. Fable Media Group AB is based in Stockholm, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fable Media Group reported revenue of kr 65.5M in FY2025 versus kr 34.8M in FY2021, a compound +17.1%/yr. Reported net income was kr 31.9M in FY2025, compounding +33.2%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
65.5M SEK
Latest YoY
−30.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.1%
Revenue +17.1%/yr
FY21 kr 34.8M
FY22 kr 61.5M
FY23 kr 83.5M
FY24 kr 94.3M
FY25 kr 65.5M
Net income +33.2%/yr
FY21 kr 10.1M
FY22 kr 22.1M
FY23 kr 31.1M
FY24 kr 33.5M
FY25 kr 31.9M

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Cite: Fair Value Calculator (2026). "Fable Media Group Fair Value". https://www.fairvalue-calculator.com/stock/FABLE

Peer Group

Gambling · 54 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 69 · Top 25%
Fair Value upside +39% · Above median
Return on equity (TTM) 26% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 42% · Top 25%
Operating margin (TTM) 55% · Top 25%
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 12.3% · Top 25%
Debt / equity 0.53× · Higher than median

Valuation Multiples vs Gambling median · lower = cheaper

P/E (TTM) 7.4× · Cheaper than 75% of peers
P/B 1.81× · Cheaper than median
P/S (TTM) 3.15× · Pricier than 75% of peers
P/FCF 1.1× · Cheaper than 75% of peers
EV/EBITDA 6.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 86 · sector 30
FUTURE 0 · sector 9
PAST 100 · sector 26
HEALTH 74 · sector 89
DIVIDEND 100 · sector 66

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Gambling

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Gambling stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

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The Lottery Corporation TLC A$5.62 A$2.99 -47%
Super Group SGHC $14.73 $9.39 -36%
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Light & Wonder, Inc LNWO $78.94 $70.17 -11%
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Tabcorp Holdings TAH A$0.8750 A$0.3700 -58%

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Frequently asked questions

Is Fable Media Group (FABLE) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of kr 9.97 versus a price of kr 7.16, about +39% (undervalued).
What is the fair value of FABLE?
Our model-based fair value for Fable Media Group is kr 9.97 (as of Jul 16, 2026), built from audited fundamentals. The current price is kr 7.16.
What is the quality score of FABLE?
Fable Media Group has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Fable Media Group (FABLE)?
Fable Media Group reported trailing-twelve-month revenue of about 64.2M SEK (latest available figure, as of Jul 16, 2026).
What is the net profit margin of FABLE?
The net profit margin of Fable Media Group is about 42.2%, meaning it keeps roughly 42.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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