olivLaw · European equity research
MOMENT GROUP AB MOMENT.ST
Sweden · Nasdaq Stockholm · ISIN SE0020388932 · Vertical: Listed companies from Sweden
Moment Group is a Nordic entertainment and events group operating live entertainment arenas, activity restaurants, and event and communication services. Fiscal 2025 brought a clear improvement in the annual operating result, although profitability is still below the group's long-term ambition.
At the close of 05 Nov 2026, MOMENT GROUP AB (MOMENT.ST) stock was 4.69 SEK (−2.49% on the day), with market capitalisation 118.7 m SEK, P/E 3.1 on diluted EPS of 1.53 SEK over the last 12 months, beta 0.41, 52-week range 4.64–9.00 SEK.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 42.7
- weak (30–45)
- Bollinger (20, 2)
- 4.58 – 5.08
- in the lower half of the band · %B 0.22 · band width 10.3%
- SMA 50 / 200
- 5.02 / 5.82
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.08 / -0.09
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.9% | −0.6% | −6.3 pp | — |
| 3 months | −15.3% | −4.2% | −11.2 pp | — |
| 6 months | −22.6% | +4.3% | −26.9 pp | — |
| Year to date | −17.4% | +7.5% | −24.9 pp | — |
| 1 year | −27.8% | +9.9% | −37.8 pp | −8.5% |
| 3 years | −64.3% | +49.8% | −114.2 pp | +12.3% |
| 5 years | −72.1% | +42.8% | −114.9 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 2-quarter history (min 3.7, median 5.1, max 6.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1.0 bn | 1.1 bn | 1.1 bn |
| Revenue YoY | unavailable | +2.5% | +1.6% |
| Net income | 44.5 m | -43.6 m | 38.7 m |
| Net income YoY | unavailable | −198.0% | unavailable |
| Diluted EPS | 1.93 | -1.73 | 1.53 |
| Diluted EPS YoY | unavailable | −189.6% | unavailable |
| net % | 4.3% | -4.1% | 3.6% |
| Free cash flow | 20.9 m | 64.3 m | 63.5 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 173.3 m SEK
- Financial debt
- 109.5 m SEK
- Net debt
- -63.9 m SEK
- Equity
- 92.2 m SEK
- Total assets
- 985.1 m SEK
- Debt / equity
- 1.19x
- Current ratio
- 0.82x
- ROE
- 52.8%
- ROA
- 3.9%
- FCF margin
- 5.8%
Financial statements (source on every figure)
Revenue and net income (SEK)
Margins
Income statement · SEK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 1.0 bn | 1.1 bn | 1.1 bn | esef· 26 Oct 2026verified |
| Operating income | 67.5 m | -15.6 m | 76.8 m | esef· 26 Oct 2026verified |
| Interest expense | 28.9 m | 39.9 m | 37.4 m | esef· 26 Oct 2026verified |
| Pre-tax income | 43.1 m | -52.3 m | 42.2 m | esef· 26 Oct 2026verified |
| Income tax | -1.5 m | -9.0 m | 3.0 m | esef· 26 Oct 2026verified |
| Net income | 44.5 m | -43.6 m | 38.7 m | esef· 26 Oct 2026verified |
| Diluted EPS | 1.93 | -1.73 | 1.53 | esef· 26 Oct 2026verified |
Balance sheet · SEK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 108.4 m | 111.0 m | 173.3 m | esef· 26 Oct 2026verified |
| Inventories | 7.1 m | 7.0 m | 7.4 m | esef· 26 Oct 2026verified |
| Current assets | 327.1 m | 265.9 m | 320.4 m | esef· 26 Oct 2026verified |
| Goodwill | 196.3 m | 191.3 m | 191.3 m | esef· 26 Oct 2026verified |
| Intangibles (excl. goodwill) | 6.0 m | 5.4 m | 4.3 m | esef· 26 Oct 2026verified |
| Total assets | 1.0 bn | 976.9 m | 985.1 m | esef· 26 Oct 2026verified |
| Short-term debt | 0 | 109.2 m | 0 | esef· 26 Oct 2026verified |
| Long-term debt | 109.2 m | 0 | 109.5 m | esef· 26 Oct 2026verified |
| Current liabilities | 395.7 m | 475.5 m | 390.9 m | esef· 26 Oct 2026verified |
| Equity | 94.7 m | 54.6 m | 92.2 m | esef· 26 Oct 2026verified |
| Shares outstanding at year end | 22.7 m | 25.2 m | 25.3 m | esef· 26 Oct 2026derived |
Cash flow · SEK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 54.2 m | 78.0 m | 85.6 m | esef· 26 Oct 2026verified |
| Capex | 33.3 m | 13.7 m | 22.1 m | esef· 26 Oct 2026verified |
| Free cash flow | 20.9 m ≈ | 64.3 m ≈ | 63.5 m ≈ | esef· 26 Oct 2026derived |
| Investing cash flow | -41.6 m | -16.0 m | 40.2 m | esef· 26 Oct 2026verified |
| Financing cash flow | -96.4 m | -60.5 m | -61.3 m | esef· 26 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 118.7 m SEK
Key indicators
Coverage and freshness
Score by group
52% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 175.8% | 100 (vs peers) | 20% |
| Net margin · Quality | 3.6% | 42 (vs peers) | 12% |
| FCF conversion · Quality | 163.9% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 2.1x | 9 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 0.8x | 2 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 3.1x | 100 (vs peers) | 20% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 53.5% | 100 (on a fixed band) | 16% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet6/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality84/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation100/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
MOMENT GROUP AB (MOMENT.ST). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 1.1 bn SEK in 2025; YoY growth 1.6%; net margin 3.6%; ROE 53.6%.
The estimated value range is 36.10–61.28 SEK per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 44.93 SEK, the price of 4.69 SEK leaves a potential of 858.0% (value / price − 1) and a margin of safety of 89.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 175.8%
- FCF conversion: 163.9%
- P/E (TTM): 3.1x
- FCF yield: 53.5%
- The price is below the estimated value range
What contradicts it
- Interest coverage: 2.1x
- Current ratio: 0.8x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from Sweden · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ALFA.STAlfa Laval AB | 223.0 bn | 27.0 | 19.4% | 11.9% | +4.1% | +21% / +38% |
| BOL.STBoliden Ab | 143.0 bn | 15.2 | 13.3% | 10.1% | +4.8% | +12% / +81% |
| CAST.STCastellum Aktiebolag | 66.6 bn | 71.0 | 1.2% | 9.8% | −2.6% | +27% / +6% |
| AAK.STAak Ab (publ) | 47.5 bn | 13.9 | 17.2% | 7.5% | +2.2% | −31% / −14% |
| CAMX.STCamurus AB | 42.5 bn | 58.5 | 19.5% | 32.5% | +21.3% | +16% / +55% |
| BRAV.STBravida Holding AB | 30.1 bn | 24.5 | 13.7% | 4.4% | −4.9% | +84% / +123% |
| ASKER.STAsker Healthcare Group AB | 29.8 bn | 60.5 | 9.8% | 2.9% | +11.7% | −18% / unavailable |
| ALLEI.STAlleima AB | 22.7 bn | 33.8 | 4.1% | 3.6% | −5.4% | +11% / +19% |
| BURE.STBure Equity AB | 22.6 bn | — | -21.0% | — | unavailable | +20% / +19% |
| AQ.STAQ Group AB | 19.7 bn | 29.2 | 14.9% | 7.5% | +6.0% | +14% / +119% |
| ALTRA.STAltra Fastigheter AB | 18.4 bn | 33.9 | 3.0% | 15.1% | −2.2% | +9% / +19% |
| ATT.STAttendo AB (publ) | 16.8 bn | 20.7 | 15.1% | 4.3% | +0.1% | +34% / +223% |
| AFRY.STAfry Ab | 14.9 bn | 18.7 | 6.2% | 3.1% | −5.2% | −17% / +4% |
| ATRLJ-B.STAtrium Ljungberg AB | 14.0 bn | 17.1 | 2.9% | 23.9% | −2.0% | −33% / −44% |
| ALIG.STAlimak Group AB (publ) | 12.7 bn | 21.3 | 8.2% | 8.8% | −3.2% | −18% / +50% |
| ACAD.STAcadeMedia AB | 12.7 bn | 15.5 | 12.7% | 4.3% | +9.7% | +22% / +138% |
| APOTEA.STApotea AB (publ) | 10.7 bn | 46.8 | 31.3% | 3.2% | +10.1% | +15% / unavailable |
| BOOZT.STBoozt AB | 10.6 bn | 37.9 | 10.4% | 3.6% | +0.5% | +58% / +44% |
| BUFAB.STBufab AB (publ) | 5.0 bn | 9.2 | 15.1% | 6.9% | −7.4% | +36% / +110% |
| ACTI.STActive Biotech AB (publ) | 4.9 bn | — | -84.5% | — | unavailable | −32% / −77% |
| CEVI.STCellaVision AB | 4.7 bn | 30.8 | 18.0% | 20.2% | +4.9% | +20% / +12% |
| COOR.STCoor Service Management Holding AB | 4.7 bn | 18.2 | 13.0% | 2.2% | +16.7% | +1% / +25% |
| BHG.STBHG Group AB | 4.5 bn | 31.1 | 2.5% | 1.4% | +6.2% | −18% / +113% |
| CARA.STCarasent AB (publ) | 1.8 bn | 51.7 | 4.1% | 10.1% | +24.9% | −8% / +87% |
| BICO.STBICO Group AB | 1.7 bn | — | -46.0% | -72.7% | −13.3% | +16% / −51% |
1- and 3-year price returns: for MOMENT.ST from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (SEK)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 2.69 Total return -43% · Per year -43% | 4.77 Total return 2% · Per year 2% | 7.19 Total return 53% · Per year 53% |
| 3 years | 2.47 Total return -47% · Per year -19% | 4.93 Total return 5% · Per year 2% | 8.18 Total return 74% · Per year 20% |
| 5 years | 2.26 Total return -52% · Per year -14% | 5.09 Total return 8% · Per year 2% | 9.30 Total return 98% · Per year 15% |
- Exit P/E± 1.23
- Net margin± 0.86
- Annual revenue growth± 0.73
- Annual dilution± 0.07
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Moment Group is a Nordic entertainment and events group operating live entertainment arenas, activity restaurants, and event and communication services. Fiscal 2025 brought a clear improvement in the annual operating result, although profitability is still below the group's long-term ambition 1.
SWOT
Strengths
- A portfolio of established brands and long-running arenas, including internationally recognised concepts, provides a solid client base 1.
- Combining hospitality, live entertainment and corporate events gives the group several revenue sources 1.
- The Hansen division delivered a strong result, showing execution capacity and large clients across several countries 1.
Weaknesses
Opportunities
- A calendar of scheduled events for 2026 and major anniversaries of certain concepts could attract new bookings 1.
- Stronger demand for video content could open new revenue in the communication division 1.
- Reorganisations and cooperation between segments could improve operational efficiency if they deliver 1.
Risks
- Dependence on consumer demandhigh
Revenue depends on arena occupancy and private and corporate demand, which could fall if the economy cools 1.
- Profitability below ambitionhigh
The group's operating result remains below its long-term targets, which limits internal financing capacity 1.
- Launch costsmedium
Launches of new concepts generate upfront expenses that could delay their contribution to results 1.
- Transition in communicationmedium
The shift from consulting to video content at Minnesota Communication involves changes in skills and portfolio 1.
- Reliance on individual eventslow
Revenue is concentrated in a few major events and holiday periods, which makes the calendar vulnerable to cancellations 1.
Investment thesis
What would need to be true (bull case)
What would break the thesis
- If the economy stays weak, consumer and event spending could fall again 1.
- Profitability could stay below management's ambition if launch and reorganisation costs persist 1.
- The absence of a dividend for 2025 shows funds are being reinvested, so shareholder returns could be limited in the near term 1.
What to watch
- Operating result trend across the three segmentsQ1 2026
- Effect of the Kungsportsgruppen reorganisation on margins2026
- Event calendar and bookings for Cirkusbygningen and Hamburger Börs2026
- Revenue development at Minnesota Communication after the shift to video contentnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The group is organised into three business areas: Wallmans Group, Kungsportsgruppen and Event & Communication. Wallmans Group runs live entertainment arenas and restaurants in Copenhagen, Stockholm and Oslo, while Kungsportsgruppen operates activity restaurants such as STAR and Ballbreaker 1. Event & Communication includes Hansen and Minnesota Communication, which deliver events and content for corporate and public-sector clients 1.
The business model combines hospitality, food and drink with live shows and social activities, and revenue depends largely on arena occupancy and corporate event bookings. Cirkusbygningen in Copenhagen was renovated in 2025 and reopened at the end of August, while Hamburger Börs was reopened in Stockholm in December 1.
Management describes 2025 as a year of consolidation: the operating result improved on the prior year, and the calendar for 2026 is better booked with several large events. However, no dividend is proposed for 2025, with priority given to reinvestment in operations 1.
Segments
Wallmans Group
Wallmans Group generated 295 MSEK in fiscal 2025, down from 314 MSEK in fiscal 2024, and posted an operating result of -2 MSEK, better than -18 MSEK a year earlier. The segment served 220 000 guests and includes five arenas and one à la carte restaurant 1.
Kungsportsgruppen
Kungsportsgruppen grew slightly to 125 MSEK in fiscal 2025 from 120 MSEK, with an operating result of 2 MSEK. The segment attracted 425 000 guests and launched the SLiCE and Bermuda Deck Shuffle Club concepts, which still weigh on results through start-up costs 1.
Event & Communication
Event & Communication recorded 269 MSEK in fiscal 2025, against 331 MSEK in fiscal 2024, with an operating result of 10 MSEK, lower than the prior year. Hansen supported the performance, while Minnesota Communication absorbed reorganisation costs and shifted toward video content 1.
Market context
The Scandinavian live entertainment and events market is shaped by consumer spending, and clients have become more price- and cost-conscious. Activity restaurants saw weak demand early in the year, followed by a recovery in the second half, especially for events and corporate bookings 1.
In the communication and events segment, demand for concept and strategy work declined while the need for moving-image content production increased. The group could benefit if this shift persists, but a slower economic recovery could limit bookings 1.
Trends
- Price sensitivityheadwind
Private and corporate guests have become more conscious of prices, which affected average bills in restaurants. The pressure could persist if the economy remains fragile 1.
- Recovery in corporate eventstailwind
Demand for corporate events and bookings grew towards the end of 2025, pointing to a cautious recovery. If the trend continues, the booking calendar could become more balanced 1.
- Video content productionmixed
Demand for video content and moving-image production rose within Event & Communication, and the company redirected skills toward film and digital content. The effect depends on converting these projects into revenue 1.
- Launch and reorganisation costsmixed
New concept launches and reorganisations created start-up costs that weighed on 2025 results. Management expects the effects to be fully visible from the first quarter of 2026, if the measures deliver 1.
Competitive position
Moment Group operates in a competitive field of live entertainment arena operators, activity restaurants and event agencies in Northern Europe. The analysed sources do not name specific competitors, so market shares and relative strengths cannot be assessed 1.
The group's stated advantage lies in its portfolio of established brands, such as Wallmans and Golden Hits, and in combining hospitality, live shows and the Hansen event network. Management considers this combination a differentiator against competitors 1.
- Nordic arena and dinner-show operators
Local competitors not named in the source that offer shows and food in the same cities.
- Activity restaurants and social lounges
Concepts competing for the same group and private event bookings.
- Event and production agencies
Firms delivering corporate events and content for public and private clients.
- Video content producers
Rivals for film and digital content projects commissioned by brands.
News & filings
In the press
- Caloria.ro - Care este cel mai bun moment să te culci pentru a-ți menține tensiunea arterială sub controlProfit.ro · 06 Nov 2026 · RO
- EXCLUSIV Tranzacție majoră în România, ratată în ultimul moment. Gigantul ungar Adventum a vrut să cumpere America House de la Morgan StanleyProfit.ro · 05 Nov 2026 · RO
- Is CEE Facing a Detroit Moment?Visegrad Insight (EN) · 05 Nov 2026 · EN
- Petroliere rusești care se îndreptau spre SUA și-au schimbat brusc destinația într-un moment îngrijorător pentru americaniHotNews.ro · 05 Nov 2026 · RO
- Victor Chironda se alătură echipei PAS la alegerile pentru Primăria Chișinău. „Nu e un moment al orgoliilor și divizării. E un moment în care e nevoie de seriozitate, unitate și spirit de echipă”Ziarul de Gardă (MD) · 05 Nov 2026 · RO
- Chironda se alătură echipei PAS la alegerile pentru Primăria Chișinău. „Nu e un moment al orgoliilor și divizării. E un moment în care e nevoie de seriozitate, unitate și spirit de echipă”Ziarul de Gardă (MD) · 05 Nov 2026 · RO
- Moment devastator la capela lui Jesus de Miguel: „Vă promit că fetiței lui nu-i va lipsi niciodată nimic” - Antena SportSurge — Google News · 05 Nov 2026 · RO
- Moment istoric în Liga Campionilor: Record în era modernă a competițieiSpotMedia.ro · 05 Nov 2026 · RO
- SHOCKING VIDEO: CCTV captures the terrifying moment a runaway wheel comes flying…Telegram — Insider Paper (EN, defense leaks) · 05 Nov 2026 · EN
- Ukraine's Starlink moment: Who can switch off modern battlespace?Anadolu Agency (TR, EN) · 04 Nov 2026 · EN
- Elon Musk, după victoria istorică a democraților în Texas: „Centrele de date din spațiu par destul de atractive în acest moment” - - Obiectiv de SuceavaSurge — Google News · 04 Nov 2026 · RO
- A moment that changed me: I was terrified of my own body – until a surprising 20-mile bike rideThe Guardian — Health · 04 Nov 2026 · EN
- Moment istoric în SUA după ce Keisha Lance Bottoms a devenit prima femeie de culoare aleasă vreodată guvernatorLibertatea.ro · 04 Nov 2026 · RO
- Moment culminant: Barcelona o domină pe Aston Villa, afirmându-și puterea în Liga Campionilor. - Vietnam.vnSurge — Google News · 04 Nov 2026 · RO
- Republicanii din SUA depun eforturi de ultim moment în alegerile intermediare - RadorSurge — Google News · 03 Nov 2026 · RO
- Republicanii din SUA depun eforturi de ultim moment în alegerile intermediare - RadorSurge — Google News · 03 Nov 2026 · RO
- Moment special în memoria lui Jesus de Miguel la trei meciuri din Champions League - EurosportSurge — Google News · 03 Nov 2026 · RO
- Moment special în memoria lui Jesus de Miguel la trei meciuri din Champions League - EurosportSurge — Google News · 03 Nov 2026 · RO
- Horoscop 4 noiembrie 2026. Gemenii au șansa de a descoperi, într-un moment de inspirație, cât de important este să se ocupe de eiLibertatea.ro · 03 Nov 2026 · RO
- Fuziune la Schaeffler România. Toate activitățile sunt adunate într-o singură companie într-un moment în care se fac mii de concedieri în EuropaProfit.ro · 03 Nov 2026 · RO
Annual reports (ESEF)
- Annual report 202526 Oct 2026
- Annual report 202408 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / MOMENT GROUP AB · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.