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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
-85.2%
SEK 0.19
vs SEK 1.28 price
Levered DCF
SEK 0.19
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
-4.78
Distress 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-2.92×-8.22×-3.17×-0.75×-5.81×-9.11×-7.24×-15.95×
P/B1.46×4.59×0.97×0.75×3.65×25.86×10.87×5.02×
P/S0×0×163.19×9.34×51.81×46.37×0×0×
EV / EBITDA-2.12×-5.54×0.55×0.42×-3.95×-8.59×-6.36×-11.78×
Gross margin0.0%0.0%-4773.2%-1294.9%-777.9%-437.6%0.0%0.0%
Operating margin0.0%0.0%-5781.3%-1308.6%-912.5%-502.4%0.0%0.0%
Net margin0.0%0.0%-5141.6%-1248.7%-893.7%-509.2%0.0%0.0%
Current ratio6.19×4.96×7.7×4.14×4.75×1.75×3.53×12.08×
Debt / equity0×0×0×0.02×0.01×0.05×0.04×0×
Interest coverage-54,761×0×0×0×-1,217.05×-1,218.92×-916.96×-140.83×
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-50.2%-55.8%-30.5%-100.8%-62.9%-283.9%-154.0%-31.4%
Return on invested capital-50.5%-60.1%-34.1%-99.4%-62.8%-267.6%-149.7%-33.9%
Return on assets-41.9%-44.2%-26.4%-74.9%-49.9%-127.6%-110.3%-28.8%
Free cash flow yield-32.9%-11.7%-44.7%-159.8%-16.2%-9.3%-12.9%-7.0%
Earnings yield-34.3%-12.2%-31.5%-133.7%-17.2%-11.0%-14.2%-6.3%
Enterprise valueSEK 116MSEK 261.4M-SEK 20.5M-SEK 67.1MSEK 783.2MSEK 1.6BSEK 1BSEK 1.1B
Net debt / EBITDA0.77×2.04×3.73×1.17×1.9×0.61×0.77×3.04×
Cash conversion cycle (days)0-191,065-0-293-881-17,299