Oneflow AB (publ) (ONEF.ST) Valuation

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

-1063.1%

-SEK 163.73

vs SEK 17.00 price

Levered DCF

-SEK 130.93

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.14

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-14.89×	-11.81×	-7.1×	-18.02×	-36.97×	-56.37×	-76.44×
P/B	7.98×	6.58×	4.95×	5.26×	96.64×	28.16×	56.96×
P/S	4.46×	7.13×	6.8×	17.54×	26.29×	42.81×	66.66×
EV / EBITDA	-304.05×	-19.14×	-9.04×	-22.36×	-66.1×	-91.07×	-122.86×
Gross margin	33.9%	12.2%	-53.3%	23.0%	142.2%	139.0%	155.9%
Operating margin	-29.5%	-60.9%	-98.4%	-95.0%	-69.6%	-74.7%	-85.2%
Net margin	-30.0%	-60.4%	-95.8%	-97.3%	-71.3%	-75.9%	-86.9%
Current ratio	0.69×	1.22×	1.37×	3.16×	0.61×	1.72×	1.1×
Debt / equity	0.16×	0.06×	0.1×	0.04×	3.93×	0.11×	0.64×
Interest coverage	-47.58×	-92.5×	-138.39×	-31.16×	-47.86×	-68.52×	-66.9×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-53.6%	-55.7%	-69.8%	-29.2%	-262.1%	-49.9%	-74.2%
Return on invested capital	-45.7%	-52.7%	-65.1%	-27.4%	-51.7%	-44.2%	-44.2%
Return on assets	-21.9%	-30.3%	-38.9%	-21.7%	-30.3%	-29.1%	-32.4%
Free cash flow yield	-7.1%	-8.1%	-15.3%	-5.6%	-2.4%	-1.1%	-1.2%
Earnings yield	-6.7%	-8.5%	-14.1%	-5.5%	-2.7%	-1.8%	-1.3%
Enterprise value	SEK 732.2M	SEK 871.9M	SEK 590.4M	SEK 1B	SEK 1.2B	SEK 1.1B	SEK 1.1B
Net debt / EBITDA	11.79×	2.1×	1.33×	4.47×	-0.65×	2.78×	0.85×
Cash conversion cycle (days)	55	41	83	59	129	118	113