Modern Times Group (MTG-B) Fair Value & Analysis
Communication Services · SE · Market cap 14.1B SEK
Fair value as of: Jul 19, 2026
From 14 valuation models · updated 3 days ago
Fair value updated Jul 19, 2026, revised from kr 124.14 to kr 124.52 (+0.3%) since Jul 7, 2026. Share price −1.3% over the past month.
Price vs Fair Value (12 months)
12‑month range kr 85.05 – kr 139.50 · fair‑value band kr 87.68 – kr 161.36 · the kr 118.80 price screens below the kr 124.52 fair value. As of Jul 19, 2026.
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Modern Times Group (MTG-B) currently trades at kr 118.80, while our model-based Fair Value estimate is kr 124.52, implying the stock looks roughly 4.8% fairly valued today. We read business quality at 64/100 (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: medium), always confirm before acting.
Over the trailing twelve months, Modern Times Group generated revenue of 12.2B SEK at a net margin of 0.1%. Revenue grew 23.5% year over year. It earns a return on equity of 0.1%. Net debt stands at 2.7B SEK. Fundamentals as of Jul 19, 2026
Our scenario range runs from kr 87.68 (bear case) to kr 161.36 (bull case); at kr 118.80, the current price sits within that range. The share trades about 16% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 12% fair-value upside, at 5%, MTG-B screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 19, 2026. TTM = trailing twelve months.
About the company
Modern Times Group MTG AB, through its subsidiaries, engages in the provision of game franchises in Sweden, the United Kingdom, Germany, rest of Europe, Singapore, India, the United States, and New Zealand. The company also provides in-app purchase, in-app advertising, and other digital distribution services. In addition, it develops and publishes mobile and online games under the PlaySimple, Plarium, InnoGames, Snowprint, Hutch, Futureplay, and Ninja Kiwi names. Modern Times Group MTG AB was incorporated in 1987 and is headquartered in Stockholm, Sweden.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Modern Times Group reported revenue of kr 11.6B in FY2025 versus kr 5.3B in FY2021, a compound +21.5%/yr. Reported net income was −kr 62.0M in FY2025.
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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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.