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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
-33.7%
SEK 0.26
vs SEK 0.40 price
Levered DCF
SEK 0.23
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
9.81
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-2.73×-6.32×-2.61×-3.97×-7.97×-12.87×-5.22×-10.63×
P/B1.12×2.61×0.74×1.3×1.5×2.17×0.8×2.59×
P/S103.97×158.25×0×0×0×0×0×0×
EV / EBITDA-1.68×-7.67×-1.15×-2.85×-4.85×-9.83×-1.08×-8.88×
Gross margin-2670.0%1143.3%0.0%0.0%0.0%0.0%0.0%0.0%
Operating margin-3856.3%-2575.6%0.0%0.0%0.0%0.0%0.0%0.0%
Net margin-3812.2%-2577.5%0.0%0.0%0.0%0.0%0.0%0.0%
Current ratio8.08×0.85×1.85×4.4×13.01×22.2×17.32×5.65×
Debt / equity0×0×0×0×0×0×0×0×
Interest coverage-90.73×-107.31×-18.2×-926.56×-434.44×-460.45×0×0×
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-41.1%-42.6%-28.8%-32.4%-18.8%-16.8%-15.5%-24.5%
Return on invested capital-41.6%-42.6%-27.9%-32.5%-18.7%-16.8%-15.5%-24.5%
Return on assets-39.0%-38.4%-23.4%-29.8%-17.9%-16.4%-14.9%-22.8%
Free cash flow yield-34.8%-25.5%-52.3%-31.5%-15.0%-10.0%-30.9%-19.3%
Earnings yield-36.7%-16.3%-39.1%-24.9%-12.5%-7.7%-19.4%-9.5%
Enterprise valueSEK 44.4MSEK 104MSEK 15.8MSEK 42.1MSEK 54.9MSEK 76.3MSEK 9MSEK 55.3M
Net debt / EBITDA1.02×0.2×1.41×1.16×3.17×3.09×4.07×1.67×
Cash conversion cycle (days)3876591699011410000