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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
-58.0%
SEK 0.21
vs SEK 0.49 price
Levered DCF
SEK 0.21
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
4.78
Safe 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-7.57×-14.43×-12.81×-3.38×-6.97×-6.39×-37×-128.18×
P/B1.07×2.05×1.45×0.52×1.16×1.81×9.1×7.32×
P/S0×0×0×0×75.11×1,374.72×6,100.5×169.75×
EV / EBITDA-6.68×-14.31×-12.5×0.53×-3.62×-3.87×-35.5×-116.38×
Gross margin0.0%0.0%0.0%0.0%-1177.0%-25329.0%-19762.5%-220.3%
Operating margin0.0%0.0%0.0%0.0%-1177.0%-25329.0%-19762.5%-220.3%
Net margin0.0%0.0%0.0%0.0%-1064.5%-21667.7%-16287.5%-132.3%
Current ratio5.75×4.53×7×7.78×7.76×7.2×3.9×14.99×
Debt / equity0×0×0×0×0×0×0×0×
Interest coverage-58.93×0×0×0×0×-7,852×0×0×
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-14.5%-14.6%-11.4%-15.3%-16.4%-28.5%-24.3%-5.7%
Return on invested capital-14.7%-16.0%-12.0%-14.9%-18.1%-33.3%-29.5%-9.5%
Return on assets-14.0%-13.7%-10.5%-13.7%-15.2%-25.9%-21.3%-5.4%
Free cash flow yield-26.2%-7.6%-16.5%-57.0%-37.2%-19.4%-4.6%-2.7%
Earnings yield-13.6%-7.1%-7.9%-29.4%-14.2%-15.8%-2.7%-0.8%
Enterprise valueSEK 65.1MSEK 122.1MSEK 92.7M-SEK 4.9MSEK 24MSEK 26MSEK 92.3MSEK 87.7M
Net debt / EBITDA1.65×2.29×2.91×4.3×3.46×2.48×2.06×13.08×
Cash conversion cycle (days)-380-235-555-9377876,585-38113