MindArk PE AB (MNDRK) fair value: what the stock is really worth
As of Jul 24, 2026: fair value of MindArk PE AB SEK 1.52, price SEK 0.88, upside +73.7%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
42‑month range kr 0.3820 – kr 5.48 · fair‑value band kr 1.14 – kr 1.90 · the kr 0.8750 price screens below the kr 1.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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MindArk PE AB (publ) develops and operates Entropia Universe, a multiplayer online role-playing game. Its Entropia Universe is a virtual universe that consists of a range of planets with various themes and activities. The company was founded in 1999 and is headquartered in Gothenburg, Sweden.
Stock analysis
MindArk PE AB (MNDRK) currently trades at kr 0.8750, while our model-based Fair Value estimate is kr 1.52, implying the stock looks roughly 42.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 8.56 per share, and 8 of the 9 models we run sit above the kr 0.8750 price.
Bear case: the Earnings-Based group reads lowest at kr 0.5800, and 1 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: kr 1.14 (bear) to kr 1.90 (bull), the price of kr 0.8750 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
MindArk PE AB reported revenue of 78.4M SEK in FY2025 versus 92.8M SEK in FY2021, a compound −4.1%/yr. Reported net income was 2.2M SEK in FY2025, compounding −30.1%/yr from FY2021.
Key figures
Market cap 27.6M SEK (≈ $2.7M) · EPS (TTM) kr −0.0400 · Net margin 2.8% · Return on assets (EBIT) 9.8% · Free cash flow −10.1M SEK · Net debt 15.9M SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and 129% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at 74%, MNDRK screens cheaper than that median.
Fair Value models
Bear kr 1.14Fair Value kr 1.52Bull kr 1.90
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−13.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−5.5%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−24.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−24.9%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → −5%
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Software - Application · 687 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "MindArk PE AB Fair Value". https://www.fairvalue-calculator.com/stock/MNDRK
Frequently asked questions
Is MindArk PE AB (MNDRK) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 1.52 versus the last price from Jul 24, 2026 of kr 0.8750, about +74% upside (undervalued).
What is the fair value of MNDRK?
Our model-based fair value for MindArk PE AB is kr 1.52 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Jul 24, 2026): kr 0.8750.
What is the quality score of MNDRK?
MindArk PE AB has a Quality Score of 42/100. 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 price target for MindArk PE AB (MNDRK)?
Our model-based price target is the fair value of kr 1.52 (as of Sep 24, 2026) from 9 valuation models. Cautious scenario kr 1.14, optimistic scenario kr 1.90. It is a calculation from audited fundamentals, not an analyst target.
What is the MindArk PE AB stock forecast for 2026?
Our models put fair value at kr 1.52, about +74% upside versus the last price from Jul 24, 2026 of kr 0.8750 (undervalued). Cautious scenario kr 1.14, optimistic scenario kr 1.90. The calculation is refreshed regularly with new filings.
What is the intrinsic value of MindArk PE AB (MNDRK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MindArk PE AB it is kr 1.52 per share (as of Sep 24, 2026), against a price of kr 0.8750. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is MindArk PE AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MNDRK trades below its calculated fair value: price kr 0.8750, fair value kr 1.52, a gap of about +74% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MNDRK?
No. The price is what the market pays today (kr 0.8750); the fair value is what the company's own numbers justify (kr 1.52). For MindArk PE AB the two are kr 0.6450 per share apart. That gap is exactly why we show both numbers side by side.
How much is MindArk PE AB worth?
The market values MindArk PE AB at about 27.6M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 0.8750; our models calculate a fair value of kr 1.52 per share.
What do the bullish and bearish scenarios say about MNDRK?
Our models span a range for MindArk PE AB: cautious scenario kr 1.14, base kr 1.52, optimistic kr 1.90 per share (as of Sep 24, 2026, price kr 0.8750). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of MindArk PE AB (MNDRK)?
Balance-sheet figures for MindArk PE AB (as of Sep 24, 2026): debt of 0.33 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is MNDRK from its 52-week high?
MindArk PE AB trades at kr 0.8750, about 51% below its 52-week high of kr 1.78 and 129% above the low of kr 0.3820 (as of Jul 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 1.52 is for.
Which stocks are comparable to MindArk PE AB?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is MindArk PE AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 0.8750, calculated fair value kr 1.52 (+74%), Quality Score 42/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MNDRK calculated?
We run MindArk PE AB through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 1.52, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. MindArk PE AB currently trades 42 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of MindArk PE AB (MNDRK)?
The latest price we hold is from Jul 24, 2026 and stands at kr 0.8750. Our model-based fair value is kr 1.52, about +74% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MindArk PE AB right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (kr 1.14). 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.
Key figures of MindArk PE AB
How large is the market capitalisation of MindArk PE AB (MNDRK)?
The market capitalisation of MindArk PE AB is 27.6M SEK (≈ $2.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of MindArk PE AB (MNDRK)?
Earnings per share at MindArk PE AB are kr −0.0400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of MindArk PE AB (MNDRK)?
The net margin of MindArk PE AB is 2.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of MindArk PE AB (MNDRK)?
On an EBIT basis the return on assets of MindArk PE AB is 9.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does MindArk PE AB (MNDRK) generate?
The free cash flow of MindArk PE AB is −10.1M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does MindArk PE AB (MNDRK) carry?
The net debt of MindArk PE AB is 15.9M SEK (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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