Company Valuation: Paradox Interactive AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 18,850 22,412 23,807 21,694 17,174 15,220 - -
Change - 18.9% 6.22% -8.87% -20.83% -11.38% - -
Enterprise Value (EV) 1 18,419 22,412 22,587 20,259 15,964 14,085 13,881 13,651
Change - 21.68% 0.78% -10.31% -21.2% -11.77% -1.45% -1.66%
P/E 76.3x 31.7x 45.2x 37.1x 138x 25.7x 21.7x 19x
PBR 11.3x - 9.09x 7.46x 6.87x 6.35x 5.63x 4.99x
PEG - 0x -1.8x 3.4x -1.8x 0x 1.2x 1.4x
Capitalization / Revenue 13x 11.4x 9.01x 9.86x 7.84x 7.06x 6.42x 6.05x
EV / Revenue 12.7x 11.4x 8.55x 9.2x 7.28x 6.53x 5.85x 5.43x
EV / EBITDA 20.5x 16.5x 13.7x 14.1x 12x 10.6x 9.51x 8.62x
EV / EBIT 59.9x 25.3x 34.3x 28.1x 109x 19.6x 16x 13.8x
EV / FCF -1,455x - 30.3x 38.9x 27.5x 22.5x 19.5x 17.7x
FCF Yield -0.07% - 3.3% 2.57% 3.64% 4.45% 5.12% 5.66%
Dividend per Share 2 1 - 3 3 5 5.266 5.64 5.96
Rate of return 0.56% - 1.33% 1.46% 3.08% 3.65% 3.91% 4.14%
EPS 2 2.34 6.7 4.99 5.53 1.18 5.614 6.652 7.58
Distribution rate 42.7% - 60.1% 54.2% 424% 93.8% 84.8% 78.6%
Net sales 1 1,448 1,973 2,642 2,201 2,192 2,157 2,371 2,515
EBITDA 1 897.3 1,361 1,648 1,432 1,326 1,333 1,460 1,584
EBIT 1 307.5 887.1 657.9 721.4 146 718.9 865.1 986.9
Net income 1 247.8 708.7 530.6 584.6 125.5 582.6 708.9 820.3
Net Debt 1 -430.8 - -1,219 -1,435 -1,210 -1,135 -1,339 -1,570
Reference price 2 178.50 212.20 225.40 205.40 162.60 144.10 144.10 144.10
Nbr of stocks (in thousands) 105,600 105,619 105,619 105,619 105,623 105,623 - -
Announcement Date 22/2/22 7/2/23 6/2/24 6/2/25 29/1/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.09x4.35x9.1x-.--% 116B
20.21x12.89x15.36x-.--% 106B
30.55x6.37x15.4x-.--% 55.04B
35.59x4.47x13.35x-.--% 49.34B
16.96x6.03x15.42x0.84% 42.15B
17.72x6.75x13.79x-.--% 17.05B
26.06x2.45x14.11x-.--% 14.72B
27.87x - - 3.49% 11.1B
79.34x4.82x19.72x-.--% 10.48B
Average 30.04x 6.02x 14.53x 0.48% 46.9B
Weighted average by Cap. 23.67x 7.06x 13.37x 0.18%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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