Financials Paradox Interactive AB Deutsche Boerse AG

Equities

ETA

SE0008294953

Software

Real-time Estimate Tradegate 08:29:48 2024-06-26 EDT 5-day change 1st Jan Change
11.66 EUR -1.06% Intraday chart for Paradox Interactive AB +0.59% -40.54%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,840 27,034 18,850 22,412 23,807 14,311 - -
Enterprise Value (EV) 1 15,522 26,468 18,419 22,412 22,587 12,654 12,110 11,528
P/E ratio 42.4 x 55.2 x 76.3 x 31.7 x 45.2 x 20.8 x 15.8 x 15.2 x
Yield 0.67% 0.39% 0.56% - 1.33% 2.29% 2.56% 2.63%
Capitalization / Revenue 12.3 x 15.1 x 13 x 11.4 x 9.01 x 5.49 x 5.15 x 4.88 x
EV / Revenue 12 x 14.8 x 12.7 x 11.4 x 8.55 x 4.86 x 4.36 x 3.93 x
EV / EBITDA 21.1 x 25.3 x 20.5 x 16.5 x 13.7 x 7.02 x 6.35 x 5.77 x
EV / FCF 56.9 x 54.6 x -1,455 x - 30.3 x 16.2 x 15.5 x 13.9 x
FCF Yield 1.76% 1.83% -0.07% - 3.3% 6.17% 6.47% 7.18%
Price to Book 14.1 x 17.9 x 11.3 x - 9.09 x 4.79 x 3.98 x 3.42 x
Nbr of stocks (in thousands) 105,600 105,600 105,600 105,619 105,619 105,619 - -
Reference price 2 150.0 256.0 178.5 212.2 225.4 135.5 135.5 135.5
Announcement Date 20-02-18 21-02-23 22-02-22 23-02-07 24-02-06 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,289 1,794 1,448 1,973 2,642 2,606 2,779 2,933
EBITDA 1 735.7 1,045 897.3 1,361 1,648 1,802 1,907 1,998
EBIT 1 473.5 632.1 307.5 887.1 657.9 893.7 1,120 1,184
Operating Margin 36.73% 35.24% 21.24% 44.97% 24.9% 34.3% 40.3% 40.38%
Earnings before Tax (EBT) 1 466.8 628 303.9 884.4 687.7 884.6 1,153 1,194
Net income 1 374.1 490.6 247.8 708.7 530.6 688.8 907.1 943.5
Net margin 29.01% 27.35% 17.12% 35.92% 20.08% 26.44% 32.64% 32.17%
EPS 2 3.540 4.640 2.340 6.700 4.990 6.517 8.588 8.934
Free Cash Flow 1 273 484.7 -12.66 - 745.6 780.5 783.5 827.5
FCF margin 21.17% 27.02% -0.87% - 28.22% 29.95% 28.19% 28.21%
FCF Conversion (EBITDA) 37.11% 46.4% - - 45.24% 43.31% 41.09% 41.43%
FCF Conversion (Net income) 72.98% 98.81% - - 140.53% 113.31% 86.38% 87.71%
Dividend per Share 2 1.000 1.000 1.000 - 3.000 3.100 3.475 3.567
Announcement Date 20-02-18 21-02-23 22-02-22 23-02-07 24-02-06 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 390.5 476.1 458.8 458 580 482.8 737.3 426.4 995.6 482.1 613.3 514.4 1,001 516 599
EBITDA 1 265.5 322.4 331.5 309.2 397.5 309.3 480.8 232.2 625.9 299.2 403.7 319 721.5 347 397
EBIT 1 148.1 208.5 213.6 220.6 244.5 155.7 292.9 85.36 123.9 154.4 216.5 165.5 333.9 203 229
Operating Margin 37.93% 43.79% 46.55% 48.17% 42.15% 32.25% 39.72% 20.02% 12.45% 32.02% 35.29% 32.18% 33.35% 39.34% 38.23%
Earnings before Tax (EBT) 1 147.5 207.7 213 219.5 244.2 157.1 310.9 88.46 131.3 165 221.7 170.8 339.2 209 235
Net income 1 115.9 168.6 170.1 175.9 194.2 123.7 239.4 69.29 98.3 126.9 173.1 134.9 262.9 165 186
Net margin 29.68% 35.41% 37.08% 38.41% 33.48% 25.62% 32.46% 16.25% 9.87% 26.31% 28.22% 26.22% 26.26% 31.98% 31.05%
EPS 2 1.100 1.590 1.610 1.670 1.840 1.160 2.240 0.6500 0.9300 1.200 1.638 1.277 2.490 1.560 1.760
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 22-02-22 22-05-03 22-08-02 22-11-01 23-02-07 23-04-27 23-07-27 23-10-26 24-02-06 24-04-25 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 318 566 431 - 1,219 1,657 2,201 2,784
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 273 485 -12.7 - 746 781 784 828
ROE (net income / shareholders' equity) 37.8% 37.3% 15.6% - 21.6% 25.6% 27.1% 23.9%
ROA (Net income/ Total Assets) - - - - 15.8% 20% 21.8% -
Assets 1 - - - - 3,361 3,444 4,161 -
Book Value Per Share 2 10.70 14.30 15.70 - 24.80 28.30 34.10 39.60
Cash Flow per Share 2 6.890 10.60 6.960 - 13.70 16.00 14.60 15.00
Capex 1 455 642 749 - 706 781 808 849
Capex / Sales 35.27% 35.77% 51.76% - 26.73% 29.95% 29.08% 28.93%
Announcement Date 20-02-18 21-02-23 22-02-22 23-02-07 24-02-06 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
135.5 SEK
Average target price
198 SEK
Spread / Average Target
+46.13%
Consensus
1st Jan change Capi.
-11.69% 236B
+3.27% 60.27B
-21.26% 57.67B
-0.39% 52.27B
-1.85% 39.85B
+2.79% 37.37B
-10.61% 28.32B
+103.79% 26.72B
+1.18% 21.2B
Application Software
  1. Stock Market
  2. Equities
  3. PDX Stock
  4. ETA Stock
  5. Financials Paradox Interactive AB