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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
+4.5%
SEK 0.17
vs SEK 0.16 price
Levered DCF
SEK 0.18
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-38.3
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-1.01×-4.21×-1.72×-2.45×-2.28×-14.19×-1.94×-1.7×
P/B2.1×30.44×1.75×-17.38×2.99×12.08×-31.47×3.54×
P/S0×0×0×0×0×0×0×0×
EV / EBITDA-0.42×-3.83×5,908.15×0×-1.28×-12.83×-1.97×0×
Gross margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Operating margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Current ratio3.51×1.76×8.47×0.81×3.87×15.1×0.43×2.03×
Debt / equity0×0×0×-4.45×0×0×-0.95×0×
Interest coverage-45.3×0×-10.96×-57.34×-20,690×-6,020×-43,575×0×
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-204.4%-727.4%-101.2%708.7%-131.5%-86.0%1622.3%-207.7%
Return on invested capital-200.3%-741.1%-92.8%-201.8%-131.5%-85.7%2410.1%-205.4%
Return on assets-146.2%-318.3%-89.3%-162.5%-97.6%-80.3%-2124.6%-105.8%
Free cash flow yield-94.9%-22.6%-54.0%-48.4%-34.2%-8.6%-52.0%-47.5%
Earnings yield-97.4%-23.9%-58.0%-40.8%-44.0%-7.1%-51.6%-58.7%
Enterprise valueSEK 7.7MSEK 60.7MSEK 11.8MSEK 46MSEK 26.4MSEK 77.2MSEK 85.7MSEK 38.7M
Net debt / EBITDA0.63×0.28×-9,530×0×1×1.22×-0.03×0×
Cash conversion cycle (days)00000000