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Flexion Mobile Plc (FLEXM) Fair Value & Analysis

Communication Services · SE · Market cap 188M SEK

FM Flexion Mobile Plc FLEXM · ST
Pricekr 2.89
Fair Valuekr 5.07
Upside+75.4%
Quality53/100
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Mixed Growth
Loss-making · -17.9% net margin
generates free cash flow
Trails peers (2/10)
Narrow moat 11/100
Evidence: Low Range kr 3.62 – kr 6.52 Share as image

Fair value as of: Jul 19, 2026

From 7 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from kr 0.6200 to kr 5.07 (+717.7%) since Jul 16, 2026. Share price +4.3% over the past month.

A solid business, screening 75% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (kr 3.62). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (kr 3.62 to kr 6.52) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 21.30 kr 2.30 Fair Value kr 5.07 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range kr 2.30 – kr 21.30 · fair‑value band kr 3.62 – kr 6.52 · the kr 2.89 price screens below the kr 5.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Flexion Mobile Plc (FLEXM) currently trades at kr 2.89, while our model-based Fair Value estimate is kr 5.07, implying the stock looks roughly 75.4% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Communication Services 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: low), always confirm before acting.

Over the trailing twelve months, Flexion Mobile Plc generated revenue of 72.6M SEK at a net margin of -17.5%. Revenue declined 4.6% year over year. It earns a return on equity of -93.1%. The balance sheet holds a net cash position of 13.9M SEK. Fundamentals as of Jul 19, 2026

Our scenario range runs from kr 3.62 (bear case) to kr 6.52 (bull case); at kr 2.89, the current price sits below 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 about 59% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -19% fair-value upside, at 75%, FLEXM 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 0.5700 kr 0.7600 kr 1.07 72
Rev-Margin DCF kr 0.5800 kr 0.8300 kr 1.34 67
NCAV (Graham) kr 0.0600 kr 0.0800 kr 0.1200 50
All 7 models by family
DCF Models
FCF DCF kr 0.5900 kr 0.7200 kr 1.12 38
5Y Revenue Exit kr 0.5500 kr 0.7500 kr 1.18 39
10Y Revenue Exit kr 0.5500 kr 0.8700 kr 1.06 36
Multiples
EV/Revenue kr 0.5100 kr 0.6200 kr 0.7300 43
Asset-Based
NCAV (Graham) kr 0.0600 kr 0.0800 kr 0.1200 50
Growth DCF
Growth DCF kr 0.5700 kr 0.7600 kr 1.07 72
Rev-Margin DCF kr 0.5800 kr 0.8300 kr 1.34 67

Widest divergence: Growth DCF (kr 0.7600) versus Asset-Based (kr 0.0800). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) 72.6M SEK
Revenue growth (YoY) -4.6%
Net margin -17.9%
Return on equity -95.4%
Free cash flow 1.6M SEK FY2026
Operating margin -2.3%
More key figures
EPS (TTM) kr -2.91
EPS growth (YoY) -88.2%
Net cash 13.9M SEK FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 56 · Market factors (momentum, volatility) 29

Profitability 29
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 70
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

Flexion Mobile Plc operates game distribution platform for game developers worldwide. The company engages in game marketing and distribution business. It also markets mobile games in the Android market. Flexion Mobile Plc was incorporated in 2001 and is headquartered in London, the United Kingdom.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Flexion Mobile Plc reported revenue of kr 75.5M in FY2026 versus kr 26.1M in FY2022, a compound +30.4%/yr. Reported net income was −kr 13.2M in FY2026.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
75.5M SEK
Latest YoY
−1.7%
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.
+3.3%
Avg. growth/yr (5Y) 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.
+25.3%
Avg. growth/yr (10Y) 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.
+56.4%
Revenue +30.4%/yr
FY22 kr 26.1M
FY23 kr 68.5M
FY24 kr 70.0M
FY25 kr 76.8M
FY26 kr 75.5M
Net income
FY22 kr 538K
FY23 kr 350K
FY24 kr 2.4M
FY25 −kr 2.7M
FY26 −kr 13.2M

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Cite: Fair Value Calculator (2026). "Flexion Mobile Plc Fair Value". https://www.fairvalue-calculator.com/stock/FLEXM

Peer Group

Electronic Gaming & Multimedia · 152 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 53 · Below median
Fair Value upside +75% · Top 25%
Return on assets -5% · Bottom 25%
Net margin (TTM) -18% · Bottom 25%
Operating margin (TTM) -2% · Below median
Revenue growth -5% · Below median

Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper

P/B 2.82× · Pricier than 75% of peers
P/S (TTM) 0.27× · Cheaper than 75% of peers
P/FCF 12.1× · Pricier 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 100 · sector 15
FUTURE 0 · sector 9
PAST 0 · sector 11
HEALTH 0 · sector 99
DIVIDEND 0 · sector 41

Insider activity: 40/100

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
NetEase, Inc 9999 HK$202.60 HK$192.74 -5%
Electronic Arts Inc EA $207.27 $76.57 -63%
Take-Two Interactive Software, Inc TTWO $237.04 $60.45 -74%
Roblox Corporation RBLX $57.07 $21.20 -63%
Zhejiang Century Huatong Group 002602 ¥14.04 ¥14.68 +5%
KRAFTON, Inc 259960 240,500 KRW 395,557 KRW +64%
Kunlun Tech Co 300418 ¥44.61 ¥6.87 -85%
Giant Network Group 002558 ¥29.98 ¥15.69 -48%
International Games System Co 3293 704.00 TWD 568.16 TWD -19%
37 Interactive Entertainment Network Technology Group 002555 ¥19.02 ¥22.29 +17%

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Frequently asked questions

Is Flexion Mobile Plc (FLEXM) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of kr 5.07 versus a price of kr 2.89, about +75% (undervalued).
What is the fair value of FLEXM?
Our model-based fair value for Flexion Mobile Plc is kr 5.07 (as of Jul 19, 2026), built from audited fundamentals. The current price is kr 2.89.
What is the quality score of FLEXM?
Flexion Mobile Plc has a Quality Score of 53/100. 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 Flexion Mobile Plc (FLEXM)?
Flexion Mobile Plc reported trailing-twelve-month revenue of about 72.6M SEK (latest available figure, as of Jul 19, 2026).
What is the net profit margin of FLEXM?
The net profit margin of Flexion Mobile Plc is about -17.5%, meaning it is currently running at a net loss. 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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