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Modern Times Group MTG AB (publ) (MTG-B.ST)
SEK121.80
+0.00 (+0.00%)
SE STO Technology Electronic Gaming & Multimedia
Address
Skeppsbron 18 103 13
Stockholm, SE
Stockholm, SE
CEO
Maria Redin
Website
mtg.com
IPO
2000-01-03
ISIN SE0018012494
Also trades on
Stockholm Stock Exchange · MTG-A.ST (SEK)
Stockholm Stock Exchange · MTG-B.ST (SEK)
Description
Modern Times Group MTG AB (publ) operates as a global digital entertainment powerhouse, with its operations spanning the United States, United Kingdom, Germany, wider Europe, Singapore, India, and New Zealand, among other international markets. The company's activities are structured across two core divisions: Esport and Gaming. Its Esport segment is responsible for organizing a diverse range of competitive gaming events, encompassing both large-scale national and international tournaments, as well as local amateur cups, leagues, and festivals. This division also contributes to gaming technology, event organization, advertising, and television production, prominently featuring the ESL and Dreamhack brands. Concurrently, the Gaming segment focuses on crafting and releasing mobile and online games, notably under the InnoGames and Kongregate labels. Established in 1987, the firm maintains its headquarters in Stockholm, Sweden.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
SEK121.80
+0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
295.0K
Beta
0.83
Float Shares
88.32M
Free Float %
73.7%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +2.78% | +6.61% | +45.51% | +54.54% | +16.99% | +23.98% | +23.31% | +70.08% | +28.04% | +64.90% | -6.79% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
121.80
DCF (Unlevered)
334.65
+174.8%
DCF (Levered)
727.29
+497.1%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
100% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 4 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
1.91
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
-
Revenue growth Electronic Gaming & Multimedia: +4.1%+92.5% ★ Q1'26: +23.5% (vs Q1'25)
-
EPS growth Electronic Gaming & Multimedia: +20.0%+69.5% ★ Q1'26: +110.9% (vs Q1'25)
-
FCF margin FCF growth · Electronic Gaming & Multimedia: +41.4%+0.8% Q1'26: +16.6% (vs Q1'25)
-
EBIT margin Electronic Gaming & Multimedia: +10.3%+5.7% Q1'26: +12.5% (vs Q1'25)
-
ROIC Electronic Gaming & Multimedia: +6.6%+3.0% Q1'26: +7.2% (vs Q1'25)
-
Share dilution Electronic Gaming & Multimedia: +0.0%-3.3% ★ Q1'26: +1.1% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Electronic Gaming & Multimedia: -1.53×5.93× Q1'26: 1.50× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 4 EPS Ana. |
Dec 2027 5 Rev. Ana. 5 EPS Ana. |
Dec 2028 3 Rev. Ana. 3 EPS Ana. |
Dec 2029 2 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
16.22B
est: 16.20B (+0.1%)
|
17.30B
est: 17.18B (+0.7%)
|
17.54B
est: 17.40B (+0.8%)
|
19.74B
est: 19.76B (-0.1%)
|
4.24B
est: 4.40B (-3.6%)
|
4.00B
est: 4.03B (-0.9%)
|
5.31B
est: 5.02B (+5.6%)
|
5.54B
est: 5.55B (-0.2%)
|
5.83B
est: 5.95B (-2.0%)
|
6.02B
est: 5.91B (+1.8%)
|
11.58B
est: 11.55B (+0.3%)
|
12.35B
12.28B – 12.43B
+7.0% YoY
|
12.86B
12.49B – 13.13B
+4.1% YoY
|
13.36B
13.36B – 13.36B
+3.8% YoY
|
13.90B
13.65B – 14.09B
+4.0% YoY
|
| EBITDA |
1.26B
est: 2.68B (-52.9%)
|
1.29B
est: 2.84B (-54.7%)
|
1.24B
est: 2.88B (-56.9%)
|
325.00M
est: 3.27B (-90.1%)
|
-116.00M
est: 727.25M (-116.0%)
|
348.00M
est: 666.73M (-47.8%)
|
594.00M
est: 830.61M (-28.5%)
|
1.42B
est: 917.59M (+54.2%)
|
1.43B
est: 948.11M (+51.0%)
|
760.00M
est: 942.08M (-19.3%)
|
664.00M
est: 1.84B (-63.9%)
|
1.97B
1.96B – 1.98B
+7.0% YoY
|
2.05B
1.99B – 2.09B
+4.1% YoY
|
2.13B
2.13B – 2.13B
+3.8% YoY
|
2.21B
2.18B – 2.25B
+4.0% YoY
|
| EBIT |
765.00M
est: 1.20B (-36.5%)
|
1.07B
est: 1.28B (-16.0%)
|
926.00M
est: 1.29B (-28.5%)
|
96.00M
est: 1.47B (-93.5%)
|
-417.00M
est: 327.18M (-227.5%)
|
101.00M
est: 299.95M (-66.3%)
|
130.00M
est: 373.68M (-65.2%)
|
737.00M
est: 412.81M (+78.5%)
|
915.00M
est: 480.61M (+90.4%)
|
185.00M
est: 477.56M (-61.3%)
|
664.00M
est: 932.80M (-28.8%)
|
997.95M
992.16M – 1.00B
+7.0% YoY
|
1.04B
1.01B – 1.06B
+4.1% YoY
|
1.08B
1.08B – 1.08B
+3.8% YoY
|
1.12B
1.10B – 1.14B
+4.0% YoY
|
| Net Income |
214.00M
est: 398.22M (-46.3%)
|
-213.00M
est: 372.25M (-157.2%)
|
1.25B
est: 373.41M (+234.8%)
|
1.04B
est: 429.92M (+141.4%)
|
-458.00M
est: -338.42M (-35.3%)
|
-96.00M
est: -73.83M (-30.0%)
|
-455.00M
est: 220.68M (-306.2%)
|
252.00M
est: 614.96M (-59.0%)
|
164.00M
est: -57.13M (+387.1%)
|
-210.00M
est: 590.59M (-135.6%)
|
-62.00M
est: 1.52B (-104.1%)
|
1.69B
1.58B – 1.81B
+11.8% YoY
|
1.91B
1.64B – 2.17B
+12.4% YoY
|
2.09B
1.79B – 2.38B
+9.4% YoY
|
2.14B
2.09B – 2.18B
+2.8% YoY
|
| SGA |
4.69B
est: 9.10B (-48.5%)
|
4.67B
est: 9.64B (-51.6%)
|
5.35B
est: 9.77B (-45.3%)
|
5.95B
est: 11.10B (-46.4%)
|
2.21B
est: 2.47B (-10.4%)
|
2.19B
est: 2.26B (-3.2%)
|
2.41B
est: 2.82B (-14.5%)
|
3.49B
est: 3.12B (+12.1%)
|
3.37B
est: 3.37B (+0.0%)
|
3.58B
est: 3.35B (+6.7%)
|
6.67B
est: 6.55B (+1.8%)
|
7.00B
6.96B – 7.05B
+7.0% YoY
|
7.29B
7.08B – 7.45B
+4.1% YoY
|
7.57B
7.57B – 7.58B
+3.8% YoY
|
7.88B
7.74B – 7.99B
+4.0% YoY
|
| EPS |
2.84
est: 3.29 (-13.6%)
|
-2.82
est: 3.07 (-191.8%)
|
16.50
est: 3.08 (+435.3%)
|
13.68
est: 3.55 (+285.5%)
|
-6.02
est: -2.79 (-115.5%)
|
-1.26
est: -0.61 (-106.7%)
|
-4.38
est: 1.82 (-340.4%)
|
2.15
est: 5.08 (-57.6%)
|
1.33
est: -0.49 (+372.1%)
|
-1.74
est: 5.05 (-134.4%)
|
-0.53
est: 12.98 (-104.1%)
|
14.26
13.50 – 15.43
+9.9% YoY
|
16.16
14.02 – 18.50
+13.4% YoY
|
17.29
15.27 – 20.32
+7.0% YoY
|
18.30
17.88 – 18.63
+5.9% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | B | 3/5 | 5/5 | 2/5 | 3/5 | 2/5 | 1/5 | 4/5 |
| 2026-05-08 | B+ | 3/5 | 5/5 | 2/5 | 3/5 | 2/5 | 1/5 | 5/5 |
| 2026-05-07 | B+ | 3/5 | 5/5 | 2/5 | 3/5 | 2/5 | 1/5 | 5/5 |
| 2026-05-06 | B+ | 3/5 | 5/5 | 2/5 | 3/5 | 2/5 | 1/5 | 5/5 |
| 2026-05-05 | B+ | 3/5 | 5/5 | 2/5 | 3/5 | 2/5 | 1/5 | 5/5 |
| 2026-05-04 | B+ | 3/5 | 5/5 | 2/5 | 3/5 | 2/5 | 1/5 | 5/5 |
| 2026-04-30 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-29 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-28 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-27 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-24 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-23 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-22 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-21 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-20 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-17 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
| 2026-04-16 | B- | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
2.09B
OE per share TTM
17.83
Owner's Yield
13.24%
Maintenance CapEx ratio
41.34%
Maint CapEx / Avg PPE
3.8%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 69 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | VanEck Video Gaming and eSports ETF ESPO | 1.08% | 2.64M | 0.55% |
| 2 | VanEck Video Gaming and eSports UCITS ETF ESPO.L | 1.06% | 6.21M | 0.55% |
| 3 | Fidelity Metaverse ETF FMET | 0.66% | 289.9K | 0.39% |
| 4 | Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D XGDD.L | 0.22% | 2.42M | 0.50% |
| 5 | iShares Digital Entertainment and Education UCITS ETF USD PLAY.AS | 0.13% | 90.0K | 0.40% |
| 6 | iShares OMX Stockholm Capped UCITS ETF OM3X.DE | 0.13% | 281.9K | 0.10% |
| 7 | Dimensional - International Small Cap Value ETF DISV | 0.11% | 5.37M | 0.42% |
| 8 | Goldman Sachs Data Enhanced International Equity ETF GIEQ | 0.09% | 9.3K | 0.30% |
| 9 | iShares MSCI Europe Small-Cap ETF IEUS | 0.07% | 119.2K | 0.41% |
| 10 | Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L | 0.07% | 2.31M | 0.30% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
630.0K
Shares Outstanding
119.79M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Maria Redin | Group President & Chief Executive Officer | 46M | female |
| Arnd Benninghoff | Executive Vice President of Gaming | — | male |
| Bartek Gudowski | Chief Technology Officer of Viasat Broadcasting | — | — |
| Christian Pern | Chief Marketing Officer | — | — |
| Melanie Calu | Director of People & Culture | — | female |
| Nanny Balas | Managing Director of Plarium | — | — |
| Nick Hopkins | Chief Financial Officer | — | male |
| Oliver Bulloss | Chief Executive Officer of Midcore District | — | male |
| Simon Hahn | Group General Counsel | — | male |
| Anders Hede Jensen | President & Chief Executive Officer of NENT Group | — | male |
| Tobias Gyhlénius | Head of Public Relations | — | — |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for MTG-B.ST
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
