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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
-175.9%
-SEK 0.05
vs SEK 0.07 price
Levered DCF
-SEK 0.08
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-2.65
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-2.72×-0.81×-0.41×-0.21×-2.12×-12.61×0×
P/B0.26×0.24×0.25×0.14×0.68×2.97×0×
P/S3.62×1.4×1.89×1.33×21.69×35.12×0×
EV / EBITDA0.36×-0.68×-0.23×0.04×-0.87×-13.99×0.08×
Gross margin-392.9%86.8%73.6%106.6%146.0%298.7%76.9%
Operating margin-482.0%-173.4%-467.2%-622.0%-1026.4%-274.9%-1023.3%
Net margin-132.3%-173.1%-467.0%-621.0%-1028.1%-276.6%-1023.4%
Current ratio7.03×2.8×1.84×1.81×6.38×0.86×0.31×
Debt / equity0×0×0×0×0×0.07×0×
Interest coverage0×-2,912×-6,862.5×-9,578.9×-1,158.73×-317.83×0×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-9.5%-29.6%-62.0%-65.0%-32.3%-23.4%-697.1%
Return on invested capital-34.6%-29.6%-62.0%-65.1%-32.2%-7.7%-697.0%
Return on assets-9.0%-28.3%-57.1%-58.7%-30.2%-7.4%-175.7%
Free cash flow yield3.8%-70.8%-153.1%-389.0%-103.5%-20.3%0.0%
Earnings yield-36.6%-123.9%-247.7%-468.4%-47.4%-7.9%0.0%
Enterprise value-SEK 1.6MSEK 3.1MSEK 2.9M-SEK 625.3KSEK 12.6MSEK 28.6M-SEK 1.6M
Net debt / EBITDA1.45×0.35×0.22×0.27×1.43×-0.05×0.08×
Cash conversion cycle (days)116-65-281,47775993-520