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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
-214.2%
-SEK 0.00
vs SEK 0.00 price
Levered DCF
-SEK 0.00
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-189.39
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-0.4×-0.83×-0.65×-0.84×-0.81×-1.97×-0.48×-3.22×
P/B-1.74×3.9×1.65×2.18×0.96×2.78×1.17×192.84×
P/S4.23×3.64×5.62×12.42×9.17×22.31×4.8×25.26×
EV / EBITDA-0.89×-1.13×-0.92×-0.78×-0.74×-2.97×-0.86×-6.22×
Gross margin-35.9%28.7%-112.6%-373.8%-233.1%-270.3%21.3%-134.2%
Operating margin-538.8%-369.5%-850.8%-1171.3%-731.8%-836.1%-361.6%-533.0%
Net margin-905.6%-446.4%-882.6%-1476.2%-1137.3%-1131.8%-1007.2%-784.3%
Current ratio0.36×0.65×0.88×1.04×3.08×3.13×1.85×0.52×
Debt / equity-0.92×0×0×0×0×0×0×35.51×
Interest coverage-3.18×-4.42×-11.65×-6.88×-3.41×-5.59×-1.81×-2.12×
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 equity371.5%-477.7%-259.0%-258.7%-119.6%-141.1%-245.6%-5987.4%
Return on invested capital2682.2%-395.4%-249.6%-205.3%-77.0%-94.1%-79.7%-100.1%
Return on assets-658.1%-227.4%-184.8%-134.5%-94.6%-109.4%-182.8%-67.0%
Free cash flow yield-163.7%-100.1%-141.1%-84.2%-80.3%-40.3%-153.8%-39.5%
Earnings yield-213.9%-122.6%-156.9%-118.9%-124.1%-50.7%-209.7%-31.0%
Enterprise valueSEK 990.8KSEK 1.1MSEK 843.4KSEK 1.4MSEK 1.1MSEK 4.1MSEK 1.5MSEK 5.9M
Net debt / EBITDA-0.26×0.07×0.09×0.51×0.9×0.6×0.39×-0.61×
Cash conversion cycle (days)66-132-3014-2342-84168