Search companies

Find a company by ticker or name

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value
+310.2%
SEK 119.17
vs SEK 29.05 price
Levered DCF
SEK 110.26
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
3.97
Safe zone
Rating
B+
Overall 3 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-55.4×37.38×-9.71×-4.13×-12.07×-29×-25.13×-37.7×
P/B5.28×2.31×1.52×0.9×2.43×16.28×14.81×10.1×
P/S2.58×1.5×1.06×0.85×3.54×8.42×8.95×17.94×
EV / EBITDA530.57×90.64×-10.53×-1.64×-9.23×-34.73×-28.59×-40.54×
Gross margin36.8%39.3%31.8%33.8%36.4%37.1%35.7%33.7%
Operating margin-3.3%-3.0%-15.8%-25.4%-21.6%-25.1%-33.5%-45.2%
Net margin-4.6%4.0%-11.0%-20.6%-29.3%-29.1%-35.6%-47.6%
Current ratio1.75×2.2×2.3×2.75×5.16×2.41×2.29×4.63×
Debt / equity0.11×0.11×0.02×0.04×0.03×0.48×0.07×0.07×
Interest coverage-6.86×1.14×-24.4×-105.68×-1.57×-59.46×-92.9×-67.61×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-9.5%6.2%-15.7%-21.9%-20.1%-56.3%-58.9%-26.8%
Return on invested capital-5.9%-4.0%-21.6%-25.6%-14.3%-32.3%-51.2%-23.6%
Return on assets-5.3%3.9%-10.4%-15.4%-16.1%-25.0%-36.0%-20.5%
Free cash flow yield-0.1%0.8%-4.7%-28.6%-3.9%-4.2%-4.0%-2.4%
Earnings yield-1.8%2.7%-10.3%-24.3%-8.3%-3.5%-4.0%-2.7%
Enterprise valueSEK 5.8BSEK 2.4BSEK 1BSEK 359.4MSEK 2.3BSEK 4.8BSEK 3.1BSEK 2.9B
Net debt / EBITDA-41.65×-22.07×7.74×3.74×5.27×1.02×1.39×3.92×
Cash conversion cycle (days)61585883801317491