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Employees: 124
Size Mips (MIPS.ST) is a Sweden Consumer Discretionary company (Recreational Products) with a market value of $1.24B, the 120th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 458.20 on 6 Nov 2026.
Performance Over six months the shares gained 75.2%, against -10.4% for the median peer and +8.2% for the Sweden market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 40.8% over the last twelve months (peer median +8.1%); the operating margin is 37.2% (peer median 7.3%).
Valuation It trades at 47.3× forward earnings against a peer median of 12.2× (2nd most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +25 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 15.9 points above its cost of capital (11.4% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 745M | SEK 533M | SEK 483M | SEK 357M | SEK 563M |
| Revenue growth | — | +10% | +35% | -37% | — |
| Gross profit | SEK 541M | SEK 387M | SEK 345M | SEK 247M | SEK 402M |
| EBITDA | SEK 303M | SEK 182M | SEK 193M | SEK 103M | SEK 265M |
| Net income | SEK 171M | SEK 120M | SEK 141M | SEK 64.0M | SEK 175M |
| Free cash flow | SEK 169M | SEK 138M | SEK 138M | SEK 9.00M | SEK 230M |
| Capital expenditure | SEK 18.0M | SEK 16.0M | SEK 10.0M | SEK 9.00M | SEK 22.0M |
| Total debt | SEK 263M | SEK 327M | SEK 12.0M | SEK 14.0M | SEK 18.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MIPS.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.4% | -1.0% | 2nd highest of 21 |
| 6-month return | +75.2% | -10.4% | 2nd highest of 21 |
| Distance from 52-week high | -3.3% | -30.4% | 2nd highest of 21 |
| Revenue growth (TTM) | +40.8% | +8.1% | 2nd highest of 21 |
| Operating margin | 37.2% | 7.3% | highest of 21 |
| Forward P/E | 47.3× | 12.2× | 2nd most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 32.9% | -2.5% | most demanding of 13 |
| Growth delivered (Del g) | +7.9% | +8.3% | 7th highest of 13 |
| Hurdle (Req g minus delivered) | +25.1 pp | -14.2 pp | 2nd most demanding of 13 |
| ROIC minus cost of capital | +15.9 pp | -0.3 pp | 3rd highest of 20 |
| EV / EBITDA | 40.5× | 7.3× | most expensive of 13 |
| Net debt / EBITDA | 0.4× | -0.6× | 4th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mips MIPS.ST | Sweden | $1.24B | +75% | +41% | 37% | 47.3× | 32.9% | +7.9% |
| Yonex 7906.T | Japan | $1.31B | -10% | +15% | 10% | 14.6× | n/a | n/a |
| New Gonow Recreational Vehicles 0805.HK | Hong Kong | $1.36B | +491% | +13% | 2% | n/a | n/a | n/a |
| Fusheng Precision 6670.TW | Taiwan | $1.07B | -1% | +1% | 15% | 9.3× | -14.6% | +15.9% |
| Sanlorenzo SL.MI | Italy | $1.46B | -7% | +2% | 14% | 11.8× | -2.0% | +13.7% |
| GoldLok Holdings (Guangdong) 002348.SZ | China | $1.03B | -38% | +77% | -14% | n/a | n/a | n/a |
| Spin Master TOY.TO | Canada | $1.52B | +6% | -2% | 9% | 9.6× | -11.5% | +7.0% |
| Johnson Health Tech 1736.TW | Taiwan | $1.01B | -12% | +8% | 8% | 8.5× | -8.0% | +13.9% |
| Bloks 0325.HK | Hong Kong | $1.56B | -23% | +30% | 21% | 12.4× | -1.0% | +102.8% |
| Ferretti YACHT.MI | Italy | $967M | -27% | +1% | 7% | 11.6× | 3.2% | +15.9% |
| Winnebago Industries WGO | United States | $892M | -1% | -3% | 2% | 15.8× | 6.9% | -5.7% |
| VTech 0303.HK | Hong Kong | $1.72B | -15% | -7% | 9% | 11.9× | -9.7% | -3.0% |
| Guangzhou Pearl River Piano 002678.SZ | China | $852M | -30% | +14% | -54% | n/a | n/a | n/a |
| tonies TNIE.DE | Germany | $1.86B | +24% | +36% | 4% | 37.4× | n/a | n/a |
| Sturm, Ruger & RGR | United States | $798M | +28% | +8% | 2% | 26.8× | 21.9% | -0.8% |
| Alpha 002292.SZ | China | $2.08B | +13% | +2% | 9% | 72.3× | 28.4% | +0.9% |
| Tron TRON | United States | $669M | -37% | +20% | -45% | n/a | n/a | n/a |
| Thunder Tiger 8033.TW | Taiwan | $647M | -14% | +11% | -5% | n/a | n/a | n/a |
| Shuhua Sports 605299.SS | China | $642M | -60% | +20% | 9% | 32.8× | n/a | n/a |
| Roland 7944.T | Japan | $605M | -11% | +8% | 9% | 10.6× | -8.3% | +9.5% |
| Alpen 3028.T | Japan | $590M | +26% | +6% | 3% | n/a | -3.0% | +4.2% |