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MOBA Network publ AB (MOBA) Fair Value & Analysis

Technology · SE · Market cap 27.8M SEK (≈ $2.9M) · ISIN SE0016277909

MN MOBA Network publ AB MOBA · ST
Pricekr 0.8920
Fair Valuekr 1.25
Upside+40.3%
Quality30/100
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Strengths

Trades 29% below our fair value of kr 1.25

Risks

!Weak Growth (revenue 5y +52.1 %/yr)
!Loss-making · -22.7% net margin
!Low debt · negative free cash flow
!Trails peers (3/9)
Weak Growth (revenue 5y +52.1 %/yr)
Loss-making · -22.7% net margin
Low debt · negative free cash flow
Trails peers (3/9)
Narrow moat 0/100
Evidence: Low Range kr 0.8054 – kr 1.70 Share as image

Fair value as of: Aug 27, 2026

From 2 valuation models · updated 4 days ago

Fair value updated Aug 27, 2026, revised from kr 1.27 to kr 1.25 (−1.1%) since Aug 13, 2026. Share price −33.2% over the past month.

Below-average quality, trading 29% below our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The large discount to fair value meets weak quality (30/100). That raises the risk this is a value trap rather than a bargain.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (kr 0.8054 to kr 1.70) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 39.32 kr 0.1900 Fair Value kr 1.25 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range kr 0.1900 – kr 39.32 · fair‑value band kr 0.8054 – kr 1.70 · the kr 0.8920 price screens below the kr 1.25 fair value. Dashed = 300-day average. As of Aug 27, 2026.

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Analysis

MOBA Network publ AB (MOBA) currently trades at kr 0.8920, while our model-based Fair Value estimate is kr 1.25, implying the stock looks roughly 40.3% undervalued today. The Quality Score stands at 30/100 (below-average quality), in the Technology 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, MOBA Network publ AB generated revenue of 291M SEK at a net margin of -4.9%. Revenue declined 37.1% year over year. It earns a return on equity of -4.8%. Net debt stands at 203M SEK. Fundamentals as of Aug 27, 2026

Our scenario range runs from kr 0.8054 (bear case) to kr 1.70 (bull case); at kr 0.8920, 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. For context, the median of 10 Technology peers we cover trades at -38% fair-value upside, at 40%, MOBA 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
EV/EBITDA best evidence kr 0.9509 kr 1.25 kr 1.55 67
NCAV (Graham) kr 0.2029 kr 0.2722 kr 0.4061 54
All 2 models by family
Multiples
EV/EBITDA best evidence kr 0.9509 kr 1.25 kr 1.55 67
Asset-Based
NCAV (Graham) kr 0.2029 kr 0.2722 kr 0.4061 54

Widest divergence: Multiples (kr 1.25) versus Asset-Based (kr 0.2722). Highest evidence: EV/EBITDA (67).

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Key figures & financial health

P/S ratio 0.12 TTM
EPS (TTM) kr -2.30
Net margin -24.5% FY2025
Return on equity -19.9% TTM
Return on assets (EBIT) 3.6% avg 5y
Operating margin -9.8% TTM
More key figures
Growth
Revenue (TTM) 236M SEK TTM
Revenue growth (YoY) -37.1% 3y avg -4.7%
EPS growth (YoY) -92.8%
Balance sheet & cash flow
Free cash flow −798K SEK FY2025
Net debt 203M SEK FY2025

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 31 · Market factors (momentum, volatility) 33

Profitability 7
Margins and returns on capital today
Quality Growth 8
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 80
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

M.O.B.A. Network AB owns and operates various gaming communities worldwide. It operates through two segments: Advertising revenue and Video revenue. The company provides communities to core gaming fans to craft strategies and share ideas with other players. It is also involved in advertising related services.

Full company description

M.O.B.A. Network AB owns and operates various gaming communities worldwide. It operates through two segments: Advertising revenue and Video revenue. The company provides communities to core gaming fans to craft strategies and share ideas with other players. It is also involved in advertising related services. The company was incorporated in 2018 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MOBA Network publ AB reported revenue of kr 251M in FY2025 versus kr 120M in FY2021, a compound +20.3%/yr. Reported net income was −kr 61.5M in FY2025.

Growth Quality 38/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
251M SEK
Latest YoY
−21.8%
Avg. revenue 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.
−4.7%
Avg. revenue 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.
+52.1%
Avg. revenue growth/yr (7Y) 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.
+137.6%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +20.3%/yr
FY21 kr 120M
FY22 kr 290M
FY23 kr 273M
FY24 kr 321M
FY25 kr 251M
Net income
FY21 kr 12.5M
FY22 kr 21.9M
FY23 kr 7.7M
FY24 −kr 958K
FY25 −kr 61.5M

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Cite: Fair Value Calculator (2026). "MOBA Network publ AB Fair Value". https://www.fairvalue-calculator.com/stock/MOBA

Peer Group

Software - Application · 729 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 31 · Bottom 25%
Fair Value upside +40% · Top 25%
Return on assets -4% · Below median
Net margin (TTM) -23% · Bottom 25%
Operating margin (TTM) -10% · Bottom 25%
Revenue growth -37% · Bottom 25%

Valuation Multiples vs Software - Application median · lower = cheaper

P/S (TTM) 0.01× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE87 · sector 0
FUTURE0 · sector 38
PAST0 · sector 11
HEALTH100 · sector 98
DIVIDEND0 · sector 30

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

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAP €191.32 €169.59 -11%
Shopify Inc SHOP C$209.78 C$28.76 -86%
Uber Technologies, Inc UBER $78.82 $43.66 -45%
Salesforce, Inc CRM $252.05 $249.28 -1%
ServiceNow, Inc NOW $138.43 $43.73 -68%
Cadence Design Systems, Inc CDNS $340.39 $112.57 -67%
Snowflake Inc SNOW $329.11 $42.27 -87%
Adobe Inc ADBE $289.15 $454.04 +57%
Automatic Data Processing, Inc ADP $284.68 $177.51 -38%
Intuit Inc INTU $348.00 $363.46 +4%

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Frequently asked questions

Is MOBA Network publ AB (MOBA) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of kr 1.25 versus a price of kr 0.8920, about +40% (undervalued).
What is the fair value of MOBA?
Our model-based fair value for MOBA Network publ AB is kr 1.25 (as of Aug 27, 2026), built from audited fundamentals. The current price: kr 0.8920.
What is the quality score of MOBA?
MOBA Network publ AB has a Quality Score of 30/100. 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 MOBA Network publ AB (MOBA)?
MOBA Network publ AB reported trailing-twelve-month revenue of about 291M SEK (latest available figure, as of Aug 27, 2026).
What is the net profit margin of MOBA?
The net profit margin of MOBA Network publ AB is about -4.9%, 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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