Modern Times Group MTG stock
MTG-B.STSTOModern Times Group MTG AB (publ), TechnologyISIN SE0018012494
49Score 49 out of 100, Weak
Price and trend
47 / 100
Price history
−15% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 9.3% below it.
Since May 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 33).
The price is 25% below its 52-week high. Largest decline in 20 years: 76% (February 2007 to February 2009).
Chart figures for advanced users
- SMA 50$12.33
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$11.64
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)33
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$8.53
- The lowest closing price of the last twelve months.
- Resistance$13.99
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Modern Times Group MTG AB (publ) belongs to the Electronic Gaming & Multimedia industry (Sweden) and, with a market value of $1.25B, is number 20 of 27 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $1.16B (up 92.5% year on year) and a loss of $6.22M.
- For fiscal 2026, analysts expect on average revenue of $1.25B (up 7.4%) and adjusted earnings per share of $1.40 (up 26.5%).
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- MEQIRI Score 49 out of 100 (Weak): rank 636 of 854 in Technology, median 61.
- The P/E is 44.8 (Electronic Gaming & Multimedia median 44.6, own median of recent years 24.5).
- Our model puts fair value at $15.90, with the price 34% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow above 500% of earnings over the last 12 months.Fundamentals 55
- Growing faster than its industryRevenue up 23.7% a year since 2020, Electronic Gaming & Multimedia median 8.1%.Growth 83
Weaknesses
- DilutionShare count up 54% since 2020.Capital allocation 26
- Margin fallingOperating margin 8.3%, average of the prior years 15% (to 2024).Profitability 38
- Interest barely coveredOperating profit covers interest only 2.4 times.Stability 53
Its standout strength is growth, while momentum and capital allocation hold the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 50 to 49.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high growth grade (crashed more often in the backtest)
- high price swings
Valuation
Valuation signal
Possible value trapIn our model the price counts as cheap below $11.36 and expensive above $26.50 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $21.30 (cash-flow model) and $10.50 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 9.4%. At 10.4% the fair value would be $14.82, at 8.4% it would be $17.32.
Possible value trap: looks cheap, but score below 50.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (44.6).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 20.6% on the twelve months before. Revenue has grown strongly since 2019, at around 18% per year. From 2019 revenue only includes continuing operations, sold or discontinued divisions have been reclassified. Earlier years are not comparable and not shown, and the margins for 2019 are not measured.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 66%, operating 8%, net −1%. From 2019 revenue only includes continuing operations, sold or discontinued divisions have been reclassified. Earlier years are not comparable and not shown, and the margins for 2019 are not measured.
Debt & balance sheet
latest quarterDebt is moderate, but interest coverage is weak. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 4 Feb 2027in 83 days
- Last reported
- 5 Nov 2026EPS reported $0.37 (expected $0.31)above expectations
Analyst estimates
Analysts have cut their 2026 earnings estimate by 8.8% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- $1.40−8.8%
- Revenue
- $1.25B−0.4%
- Earnings per share
- $1.58−7.7%
- Revenue
- $1.31B−0.5%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
What happened at Modern Times Group MTG
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
854 rated companies in Technology
- This company
- 49
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Electronic Gaming & Multimedia
The next larger and next smaller companies by market value
- 37 Interactive Entertainment Network Technology Group002555.SZ $5.14B58
- Embracer GroupEMBRAC-B.ST $2.11B48
- HacksawHACK.ST $1.7B82
- Paradox InteractivePDX.ST $1.55B65
- Playtika HoldingPLTK $952.86M43
- DoubleDown InteractiveDDI $777.99M82
- UBISOFT EntertainmentUBI.PA $694.8M35
- GravityGRVY $468.43M72
ETFs that hold Modern Times Group MTG
Held by 10 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| VanEck Video Gaming and eSports UCITS ETFESP0 | 0.98% | 0.55% | €615.54M |
| iShares OMX Stockholm Capped UCITS ETFOM3X | 0.11% | 0.10% | €198.93M |
| Xtrackers MSCI Europe Small Cap UCITS ETF 1CXXSC | 0.07% | 0.30% | €3.45B |
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| Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF DistX026 | 0.05% | 0.23% | €321.86M |
| State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR AccZPRX | 0.03% | 0.30% | €813.64M |
| iShares MSCI World Small Cap UCITS ETFIUSN | 0.01% | 0.35% | €8.27B |
| Vanguard ESG Global All Cap UCITS ETF (USD) AccumulatingV3AA | 0.00% | 0.24% | €1.69B |
| Vanguard FTSE Global All-Cap UCITS ETF Accum USDVGLA | 0.00% | 0.07% | €3.9B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = SEK 9.9729)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak since 13 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 13 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.