Asmodee Group ASMDEE-B.ST
SwedenConsumer Cyclical · LeisureNasdaq Estocolmo · SEK
190.06 SEK (+13.7%)
8 analysts
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Asmodee Group AB is a global publisher and distributor of board games, card games, and digital entertainment, with a business model based on creating, publishing, and selling games under multiple recognized brands.
Listed on Nasdaq Estocolmo · Symbol ASMDEE-B.ST · STO: ASMDEE-B · Currency SEK
Key points
from its scores- ✓Good share-price trend8.9
- ✓Strong growth8.3
- ✕Little or no dividend2.5
- ✕Demanding valuation3.1
- ✕Little competitive advantage4.1
AI analysis
bottom line, main risk, context and newsHold in portfolio only for investors with high risk tolerance and a long-term horizon, given the strong revenue growth but demanding valuation and current low profitability.
Asmodee Group shows revenue growth of 20.90% and strong momentum of 36.23%, but its valuation is demanding (P/E 77.77) and its return on equity is low (ROE 2.44%), suggesting the market is already pricing in future growth that the company has yet to demonstrate in terms of earnings.
The main risk is the extremely demanding valuation (forward P/E of 170.69) which leaves little room for error: any slowdown in revenue growth or margin expansion could trigger a significant correction in the share price.
Context and risks
No specific regulatory, geopolitical, or business model risks were identified for Asmodee Group that are not already reflected in its financial metrics. The company operates in the leisure and board games sector, with no material exposure to conflict maritime routes, tariffs, or state control. Its business does not depend significantly on commodities or interest rates, and its net debt to EBITDA of 1.72x indicates moderate leverage that does not amplify the risk of a rising rate environment.
Is Asmodee Group stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 180% above the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 77.8 | 17.8 | +336% |
| EV / EBITDA | 14.0 | 11.2 | +25% |
| Price / book | 1.9 | 2.9 | −35% |
| Price / sales | 2.0 | 1.3 | +60% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.1 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 190.06 SEK, +13.7% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 4.1 (sector 5.7), Growth 8.3 (sector 5.9).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 77.8
- Forward P/E
- 170.7
- EV / EBITDA
- 14.0
- Price / book
- 1.9
- Price / sales
- 2.0
- Market cap
- 39.6B SEK
- Enterprise value
- 4.0B EUR
Profitability
- ROE
- 2.4%
- ROA
- 4.5%
- ROIC (approx.)
- 6.6%
- Gross margin
- 42.7%
- Operating margin
- 9.7%
- Net margin
- 2.6%
- Free cash flow
- 110.9M EUR
- FCF yield
- 3.1%
- Cash conversion
- 39%
Solvency
- Total debt
- 690.9M EUR
- Net debt
- 494.4M EUR
- Cash
- 196.5M EUR
- EBITDA
- 287.7M EUR
- Net debt / EBITDA
- 1.72
- Debt / equity
- 35.62
- Current ratio
- 1.74
- Quick ratio
- 1.00
Growth
- Revenue growth
- +20.9%
- EPS (TTM)
- 2.15 SEK
Dividend
- Dividend yield
- 1.1%
- Payout
- 0.0%
Risk and market
- Analyst consensus
- Strong buy (8)
- Target price
- 190.06 SEK
- 52-week range
- 91.28 – 172.80
Recent news
All ASMDEE-B.ST news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Asmodee Group
Is Asmodee Group stock cheap or expensive?
On P/E and EV / EBITDA, it trades 180% above the Consumer Cyclical median on average. Valuation score: 3.1 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 190.06 SEK, +13.7% versus the price. This is not investment advice.
What score does Asmodee Group get on MeridIAn Screener?
It scores 5.2 out of 10, rank 1,570 of 2,130 (better than 24% of the companies analysed). Its strongest category is Momentum (8.9) and its weakest, Dividend (2.5). Analysis of 08/10/2026.
What is Asmodee Group's P/E ratio?
Its P/E is 77.8: the share price equals 77.8 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 170.7.
How much is Asmodee Group worth on the stock market?
Its market capitalisation is 39.6B SEK and its enterprise value, debt included, is 4.0B SEK.
How much debt does Asmodee Group have?
Its net debt (debt minus cash) is 494.4M EUR. That is 1.72 times its EBITDA; the Consumer Cyclical median is 1.91.
Does Asmodee Group pay a dividend?
Yes: its dividend yield is 1.08%.
How has Asmodee Group stock performed over the last year?
It has risen 40.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 91.28 and 172.80 SEK. Past performance does not guarantee future results.
What do analysts think of Asmodee Group?
8 analysts cover it; their average recommendation is “Strong buy” and their average target is 190.06 SEK (+13.7% versus the price). It is an estimate, not market data.