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ATIC.ST

Actic Group AB (publ) (ATIC.ST) fair value

Consumer Cyclical · Leisure · Nasdaq Stockholm · Sweden
kr 25.50+4.29%
Market cap kr 580MNext earnings 2025-07-16Updated Oct 22, 2026
Our verdict
Trades 18% below our fair value
Price
kr 25.50
Model fair valueConfidence: good
kr 31.01
Model range
kr 25.98 to kr 39.50
Fair value kr 31.01
Price kr 25.50
3 models fit Actic Group AB (publ) and they disagree: 1 of 3 land within 15% of the average. The price is below every model.
Two or more of our models back this value.
Discount(i)
Valued as a cyclical company: EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionActic Group AB (publ) (ATIC.ST)
Fair value (3 models)
kr 31.01
ACCE price target
kr 29.00
Rating
Undervalued
Horizon
12 months
Fair value published on 22 Oct 2026, 14:04 CEST.
ACCE price target published on 23 Oct 2026, 01:52 CEST.
Rating published on 22 Oct 2026, 14:04 CEST.
Price used: kr 25.50 at the close on 23 Oct 2026, 17:30 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
17.8% below
+21.6% to fair value
ACCE score
43
out of 100
P/E
12.2x
forward 170.0x
1-year return
-1.9%
Dividend yield
0.00%

Actic Group AB (publ) in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Actic Group makes gaming and entertainment software for mobile and web, with a gross margin of 65.9% that suggests a high-margin publishing model rather than hardware or retail. Its profitability is the thing to check: a 20.3% ROE and 12.6% operating margin sit alongside a trailing P/E of 11.7, which is cheap for a business earning those returns. The problem is the top line, with revenue down 15.9%, and a forward P/E of 163 implies analysts expect earnings to fall sharply before any recovery. The case for a deeper look is whether the revenue decline is a cyclical or title-specific drop that margins can absorb, and that needs to be confirmed against recent reports and the release calendar before anything else.

AI-assisted·How I use AIWritten Oct 23, 2026

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where ATIC.ST's valuation models land
Price
kr 25.50
Model fair value
kr 31.01
Model range
kr 25.98 to kr 39.50
Fair value kr 31.01
Price kr 25.50
The price is below the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Recent performance

1 week
+6.9%
1 month
+0.0%
3 months
-8.9%
6 months
-19.2%
YTD
-28.6%
1 year
-1.9%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:52 CESTACCE price targetkr 29.00first publicationkr 24.45
22 Oct 2026, 14:04 CESTFair valuekr 31.01first publicationkr 24.35
22 Oct 2026, 14:04 CESTRatingUndervaluedfirst publicationkr 24.35

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in SEK. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth7Value76Quality63Momentum25Total43
Valuation
Trailing P/E
12.2x
Forward P/E
170.0x
PEG
no data
P/B
2.22x
EV / Revenue
1.9x
Book value/sh
kr 11.50
Enterprise value
kr 1.3B
Profitability
ROE
20.3%
FCF yield
28.01%
ROIC
6.0%
Health and risk
Debt / equity
3.53
Dividend yield
0.00%
Beta
0.66

Price

-0.4% · 1Y

Ask anything about ATIC.ST

Answered from Actic Group AB (publ) fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 40% of peers
low 0.0x12.2xhigh 21.6x
ROEbetter than 83% of peers
low -8%20%high 22%
Div yieldbetter than 33% of peers
low 0.0%0.0%high 5.0%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
ATIC.ST Actic Group AB (publ)kr 25.50kr 3118% below12.2x20.3%6343
PRFO.ST Profoto Holding AB (publ)kr 6.58--7.8x-7.7%3944
ESCA Escalade Incorporated Common Stock$18.54$181% above11.1x13.2%7275
JAKK JAKKS Pacific Inc. Common Stock$30.52$1686% above21.6x6.7%5169
FNKO Funko Inc. Class A Common Stock$6.83----1.0%2953
JOUT Johnson Outdoors Inc. Class A Common Stock$45.00$20129% above--1.8%4854
BOWL.L Hollywood Bowl Group plc£2.73£36% below13.6x21.7%7465

Sector report card

Where ATIC.ST ranks against its sector peers on each metric.

Computing percentiles…