BIMobject AB (BIM.ST) Valuation

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

-202.8%

-SEK 4.61

vs SEK 4.48 price

Levered DCF

-SEK 5.31

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

3.97

Safe zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-11.71×	-49.89×	-30×	-6.67×	-10.97×	-23.93×	-8.87×	-23.12×
P/B	4.42×	3.27×	2.53×	1.87×	3.14×	5.45×	7.43×	7.66×
P/S	4.24×	3.78×	3.32×	3.18×	7.37×	14.39×	8.44×	18.76×
EV / EBITDA	-12.44×	-79.43×	-26.89×	-5.88×	-9.22×	-22.26×	-8.48×	-22.17×
Gross margin	-34.6%	-13.5%	12.7%	97.3%	95.7%	95.4%	89.5%	87.0%
Operating margin	-38.7%	-14.4%	-19.7%	-45.4%	-67.9%	-57.5%	-98.9%	-80.8%
Net margin	-35.9%	-7.6%	-11.1%	-48.0%	-67.6%	-60.3%	-95.2%	-81.5%
Current ratio	1.99×	2.53×	2.87×	3.1×	3.83×	4.2×	2.02×	3.86×
Debt / equity	0.01×	0.01×	0.02×	0×	0×	0.02×	0.02×	0×
Interest coverage	-10,873.33×	-712.47×	-620.36×	-280.59×	-347.78×	-217.98×	-509.86×	-215.66×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-37.5%	-6.6%	-8.4%	-28.2%	-28.8%	-22.9%	-83.8%	-33.3%
Return on invested capital	-36.3%	-11.9%	-14.4%	-32.0%	-38.8%	-25.9%	-150.4%	-32.6%
Return on assets	-22.8%	-4.2%	-5.7%	-18.6%	-21.5%	-17.3%	-47.1%	-24.8%
Free cash flow yield	-6.6%	-3.4%	-3.8%	-15.9%	-9.9%	-2.0%	-10.7%	-3.2%
Earnings yield	-8.5%	-2.0%	-3.3%	-15.1%	-9.2%	-4.2%	-11.3%	-4.3%
Enterprise value	SEK 663.3M	SEK 577.6M	SEK 460.2M	SEK 320.6M	SEK 653.8M	SEK 1.6B	SEK 1B	SEK 1.9B
Net debt / EBITDA	0.95×	7.84×	3.71×	1.84×	3.27×	4.69×	0.75×	2.66×
Cash conversion cycle (days)	65	80	87	-963	-213	-8	-16	-146