Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Paradox Interactive AB is a prominent video game publisher and developer known for its strategic and complex games. The company's primary purpose is to create engaging and immersive gaming experiences, often centered around grand strategy, historical settings, and role-playing elements. Paradox Interactive significantly impacts the entertainment and technology sectors, providing software that caters to a niche yet passionate segment of gamers who enjoy deep gameplay and historical accuracy. Headquartered in Stockholm, Sweden, the company has gained a reputation for titles like "Crusader Kings," "Hearts of Iron," and "Stellaris," which have cultivated strong community followings and support for modding and expansion packs. In the financial market, Paradox Interactive AB holds a distinct position as both a developer and publisher, allowing it uniquely integrated control over its intellectual properties and distribution channel. This self-sustained model contributes to its market significance as it continues to foster innovation and growth in the gaming industry.
kr 11.12
+kr 0.01 (+0.09%)
EOD Jun 25, 2026 · Twelve Data
Operating margin is thin at 8.59%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 0.4% YoY. Margins deteriorated 22.0pp alongside, both lines moving the wrong way.
ROIC dropped from 18.24% to 5.01%, capital efficiency is deteriorating. Operating margin contracted 22.0pp YoY, cost discipline may be slipping.
13.4x earnings, 1.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 2.16B
▼ -0.4% YoY
Net Income (TTM)
kr 88M
▼ -78.5% YoY
Op. Margin
6.60%
▼ -22.0pp YoY
ROIC
5.01%
▼ -13.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 621M
▲ +11.8% YoY
Op. Cash Flow (TTM)
kr 626M
▼ -7.1% YoY
Net Debt
-kr 1.21B
Net Cash Position
Cash & Equiv.
kr 1.38B
3Y CAGR: +3.6%
3Y CAGR: +26.2%
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At a P/E of 13.4 and a price-to-free-cash-flow of 1.9, Paradox Interactive AB (PDX.XSTO) trades below a two-stage DCF intrinsic value of about SEK 308.30 per share, so at SEK 11.12 the stock looks undervalued (2,672.5% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Paradox Interactive AB scores 63/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 45.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SEK 308.30 per share for PDX.XSTO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SEK 231.23. At today's SEK 11.12, that puts the stock about 2,672.5% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Paradox Interactive AB scores 63 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 6.6% operating margin and a 5.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Paradox Interactive AB pays a regular dividend of about SEK 5.00 per share per year (typically in quarterly installments), a yield of roughly 45.0% at the current price. That is a payout ratio of about 600.5% of earnings, so the dividend is stretched at this level. Paradox Interactive AB has grown the dividend at roughly 49.5% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For PDX.XSTO's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. PDX.XSTO currently trades below its estimated intrinsic value and scores 63/100 on quality (solid). It also yields about 45.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.