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Paradox Interactive AB (publ) (PDX.ST)

SEK131.10 +0.70 (+0.54%)
SE STO Technology Electronic Gaming & Multimedia
Address Magnus Ladulåsgatan 4 118 66
Stockholm, SE
CEO Fredrik Wester
IPO 2016-05-31
ISIN SE0008294953

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Also trades on London Stock Exchange · 0GDU.L (SEK) Other OTC · PRXXF (USD) Stockholm Stock Exchange · PDX.ST (SEK)
Description

Paradox Interactive AB (publ) is a Swedish video game company that develops and publishes titles for PC, mobile, and console systems. The firm primarily operates across North and South America, Europe, the Middle East, Africa, and the Asia-Pacific region. Its extensive portfolio features well-known franchises like Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities: Skylines, Surviving Mars, Prison Architect, Magicka, Age of Wonders, Victoria, and World of Darkness. Founded in 1998, Paradox Interactive has its main offices 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 Loading…
Indicator 1D1W2W3W1M
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
Averages
Trend
Price
Levels
Draw
SEK131.10 +0.70 (+0.54%)
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Volume Profile
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Liquidity & share structure
Average Volume
152.5K
Beta
0.09
Float Shares
40.28M
Free Float %
38.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.45% -0.67% +11.29% +12.31% -24.37% -14.64% -34.33% -46.79% -26.12% +202.03% +202.03%
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
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
131.10
DCF (Unlevered) 388.73 +196.5%
DCF (Levered) 435.98 +232.6%

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) 60% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
15.54
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Electronic Gaming & Multimedia: +4.1%
    -0.4% Q1'26: -7.0% (vs Q1'25)
  • EPS growth Electronic Gaming & Multimedia: +20.0%
    -78.5% Q1'26: -29.9% (vs Q1'25)
  • FCF margin FCF growth · Electronic Gaming & Multimedia: +41.4%
    +58.1% Q1'26: +43.2% (vs Q1'25)
  • EBIT margin Electronic Gaming & Multimedia: +10.3%
    +7.7% Q1'26: +24.6% (vs Q1'25)
  • ROIC Electronic Gaming & Multimedia: +6.6%
    +9.9% Q1'26: +29.0% (vs Q1'25)
  • Share dilution Electronic Gaming & Multimedia: +0.0%
    +0.1% Q1'26: -0.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electronic Gaming & Multimedia: -1.53×
    0.12× Q1'26: 0.16× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.13) × ERP
WACC = 99% × Ke + 1% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 379.16 Current price: 131.10
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric 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
5 Rev. Ana.
5 EPS Ana.
Dec 2027
5 Rev. Ana.
5 EPS Ana.
Dec 2028
4 Rev. Ana.
4 EPS Ana.
Dec 2029
3 Rev. Ana.
2 EPS Ana.
Revenue
813.79M
est: 807.20M (+0.8%)
1.13B
est: 1.09B (+3.1%)
1.29B
est: 1.26B (+2.2%)
1.79B
est: 1.83B (-1.8%)
1.45B
est: 1.53B (-5.6%)
1.97B
est: 1.97B (+0.2%)
2.64B
est: 2.48B (+6.5%)
2.20B
est: 2.10B (+4.7%)
2.19B
est: 2.27B (-3.3%)
2.15B
2.08B – 2.21B
-5.1% YoY
2.30B
2.21B – 2.37B
+7.1% YoY
2.44B
2.42B – 2.45B
+5.7% YoY
2.52B
2.42B – 2.59B
+3.3% YoY
EBITDA
460.61M
est: 439.25M (+4.9%)
614.64M
est: 595.04M (+3.3%)
694.96M
est: 686.26M (+1.3%)
757.31M
est: 993.83M (-23.8%)
431.50M
est: 834.20M (-48.3%)
1.36B
est: 1.07B (+27.4%)
1.69B
est: 1.45B (+16.8%)
1.47B
est: 1.23B (+20.3%)
1.35B
est: 1.32B (+2.1%)
1.25B
1.21B – 1.29B
-5.1% YoY
1.34B
1.29B – 1.38B
+7.1% YoY
1.42B
1.41B – 1.43B
+5.7% YoY
1.47B
1.41B – 1.51B
+3.3% YoY
EBIT
339.84M
est: 262.90M (+29.3%)
455.18M
est: 356.14M (+27.8%)
468.60M
est: 410.73M (+14.1%)
632.81M
est: 594.82M (+6.4%)
308.00M
est: 499.28M (-38.3%)
891.10M
est: 640.97M (+39.0%)
698.39M
est: 671.04M (+4.1%)
763.47M
est: 569.09M (+34.2%)
169.47M
est: 613.43M (-72.4%)
581.89M
562.59M – 597.68M
-5.1% YoY
623.45M
596.78M – 641.50M
+7.1% YoY
659.13M
654.46M – 663.80M
+5.7% YoY
680.82M
654.86M – 699.94M
+3.3% YoY
Net Income
264.94M
est: 278.23M (-4.8%)
353.93M
est: 331.76M (+6.7%)
374.08M
est: 363.36M (+2.9%)
490.58M
est: 574.62M (-14.6%)
247.77M
est: 318.87M (-22.3%)
708.71M
est: 712.82M (-0.6%)
530.63M
est: 321.71M (+64.9%)
584.63M
est: 504.56M (+15.9%)
125.46M
est: 534.98M (-76.5%)
605.21M
570.21M – 694.13M
+13.1% YoY
689.35M
625.91M – 821.84M
+13.9% YoY
792.36M
661.81M – 862.13M
+14.9% YoY
866.91M
823.93M – 898.55M
+9.4% YoY
SGA
171.75M
est: 132.22M (+29.9%)
279.88M
est: 179.12M (+56.3%)
367.25M
est: 206.58M (+77.8%)
335.56M
est: 299.16M (+12.2%)
295.77M
est: 251.11M (+17.8%)
262.11M
est: 322.37M (-18.7%)
390.41M
est: 389.39M (+0.3%)
323.53M
est: 330.23M (-2.0%)
335.69M
est: 355.96M (-5.7%)
337.65M
326.45M – 346.82M
-5.1% YoY
361.77M
346.30M – 372.25M
+7.1% YoY
382.47M
379.76M – 385.18M
+5.7% YoY
395.06M
380.00M – 406.15M
+3.3% YoY
EPS
2.51
est: 2.63 (-4.7%)
3.35
est: 3.14 (+6.7%)
3.54
est: 3.44 (+2.9%)
4.65
est: 5.44 (-14.5%)
2.35
est: 3.02 (-22.1%)
6.71
est: 6.75 (-0.5%)
5.02
est: 3.05 (+64.8%)
5.54
est: 4.80 (+15.3%)
1.19
est: 5.09 (-76.6%)
5.97
5.39 – 6.57
+17.2% YoY
6.81
5.92 – 7.77
+14.0% YoY
7.49
6.26 – 8.15
+10.0% YoY
8.20
7.79 – 8.50
+9.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B 3/5 5/5 3/5 3/5 3/5 1/5 2/5
2026-05-08 B 3/5 5/5 3/5 3/5 3/5 1/5 2/5
2026-05-07 B 3/5 5/5 3/5 3/5 3/5 1/5 2/5
2026-05-06 B 3/5 5/5 3/5 3/5 3/5 1/5 2/5
2026-05-05 B 3/5 5/5 3/5 3/5 3/5 1/5 2/5
2026-05-04 B 3/5 5/5 3/5 3/5 3/5 1/5 2/5
2026-04-30 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-04-29 B 3/5 5/5 2/5 4/5 3/5 1/5 2/5
2026-04-28 B 3/5 5/5 2/5 4/5 3/5 1/5 2/5
2026-04-27 B 3/5 5/5 2/5 4/5 3/5 1/5 2/5
2026-04-24 B 3/5 5/5 2/5 4/5 3/5 1/5 2/5
2026-04-23 B 3/5 5/5 2/5 4/5 2/5 1/5 2/5
2026-04-22 B 3/5 5/5 2/5 4/5 2/5 1/5 2/5
2026-04-21 B 3/5 5/5 2/5 4/5 2/5 1/5 2/5
2026-04-20 B 3/5 5/5 2/5 4/5 2/5 1/5 2/5
2026-04-17 B 3/5 5/5 2/5 4/5 2/5 1/5 2/5
2026-04-16 B 3/5 5/5 2/5 4/5 2/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
944.39M
OE per share TTM
8.95
Owner's Yield
6.64%
Maintenance CapEx ratio
145.42%
Maint CapEx / Avg PPE
9.0%

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 37 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Roundhill Video Games ETF NERD 1.04% 151.1K 0.50%
2 WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L 0.19% 178.3K 0.38%
3 WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE 0.19% 178.3K 0.38%
4 Avantis International Small Cap Value ETF AVDV 0.07% 13.75M 0.36%
5 WisdomTree International SmallCap Dividend Fund DLS 0.07% 681.2K 0.58%
6 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.06% 237.3K 0.48%
7 Avantis Global Small Cap Value UCITS ETF AVGS.L 0.03% 370.1K 0.39%
8 iShares MSCI Europe Small-Cap ETF IEUS 0.03% 57.8K 0.41%
9 Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L 0.03% 1.04M 0.30%
10 WisdomTree International Equity Fund DWM 0.03% 196.0K 0.48%

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
284.3K
Shares Outstanding
105.62M

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

NameTitleCompensationGender
Fredrik Wester Founder, Director & Chief Executive Officer 4.0K male
Charlotta Nilsson Chief Operations Officer female
Daniel Grigorov Chief Growth Officer male
Henrik Fåhraeus Chief Creative Officer male
Mattias Lilja Chief of Staff & Deputy Chief Executive Officer male
Mattias Rengstedt Chief Business Officer
Noelia Almanza Chief Studio Officer
Alexander Bricca Chief Financial Officer male
Paula Thelin EVice President of Culture & Brand
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

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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.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits