Projected Income Statement: Modern Times Group MTG AB

Forecast Balance Sheet: Modern Times Group MTG AB

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 -1,824 1,923 1,825 -3,960 -2,956 -3,543 3,486 1,800
Change - 5.43% -5.1% -316.99% -174.65% -219.86% 65.37% -48.36%
Announcement Date 2/6/20 2/25/21 2/7/22 2/9/23 2/8/24 2/6/25 - -
1SEK in Million
Estimates

Cash Flow Forecast: Modern Times Group MTG AB

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 238 208 252 234 212 98 311.3 344.7
Change - -12.61% 21.15% -7.14% -9.4% -53.77% 158.73% 10.71%
Free Cash Flow (FCF) 1 1,358 -2,201 -3,066 232 1,046 1,242 1,700 2,139
Change - -262.08% 39.3% -107.57% 350.86% 18.74% 52.22% 25.86%
Announcement Date 2/6/20 2/25/21 2/7/22 2/9/23 2/8/24 2/6/25 - -
1SEK in Million
Estimates

Forecast Financial Ratios: Modern Times Group MTG AB

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 5.63% 13.39% 17.11% 24.8% 26.56% 27.7% 25.38% 25.52%
EBIT Margin (%) -9.59% 0.88% 3.47% 10.08% 17.07% 4.31% 17.76% 18.61%
EBT Margin (%) -10.25% 2.03% -4.98% 8.99% 9.62% 3.03% 13.98% 15.3%
Net margin (%) -12.99% -5.7% -7.54% 116.94% 2.81% -3.49% 9.35% 10.34%
FCF margin (%) 32.01% -55.07% -57.78% 4.19% 17.94% 20.65% 13.86% 16.33%
FCF / Net Income (%) -246.46% 965.35% 766.5% 3.58% 637.8% -591.43% 148.15% 157.93%

Profitability

        
ROA -3.76% -2.31% -2.83% 2.37% 0.94% -1.18% 6% 6%
ROE -10.15% -5.06% -6.76% 3.91% 1.19% -1.53% 10.15% 10.55%

Financial Health

        
Leverage (Debt/EBITDA) - 3.59x 2.01x - - - 1.12x 0.54x
Debt / Free cash flow - -0.87x -0.6x - - - 2.05x 0.84x

Capital Intensity

        
CAPEX / Current Assets (%) 5.61% 5.2% 4.75% 4.23% 3.64% 1.63% 2.54% 2.63%
CAPEX / EBITDA (%) 99.58% 38.88% 27.75% 17.04% 13.7% 5.88% 10% 10.31%
CAPEX / FCF (%) 17.53% -9.45% -8.22% 100.86% 20.27% 7.89% 18.32% 16.11%

Items per share

        
Cash flow per share 1 - - - 7.396 10.17 11.06 22 28.3
Change - - - - 37.49% 8.78% 50.68% 28.64%
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 76.98 57.02 72.49 112.6 112.7 116.1 127.9 142
Change - -25.93% 27.13% 55.35% 0.08% 3.02% 8.97% 11.07%
EPS 1 -8.19 -3.39 -3.85 56.06 1.32 -1.74 9.333 11.03
Change - -58.61% 13.57% -1,556.1% -97.65% -231.82% 477.75% 18.15%
Nbr of stocks (in thousands) 67,342 67,342 110,386 123,873 121,728 118,022 118,022 118,022
Announcement Date 2/6/20 2/25/21 2/7/22 2/9/23 2/8/24 2/6/25 - -
1SEK
Estimates
2024 2025 *
P/E ratio -54.5x 13.3x
PBR 0.82x 0.97x
EV / Sales 1.28x 1.48x
Yield - -
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
124.20SEK
Average target price
144.00SEK
Spread / Average Target
+15.94%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. MTG B Stock
  4. Financials Modern Times Group MTG AB