mySafety Group AB (SAFETY-B.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

-250.1%

-SEK 26.42

vs SEK 17.60 price

Levered DCF

-SEK 84.69

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.1

Distress zone

Rating

B+

Overall 3 / 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	FY2018
P/E	17.68×	-5.23×	4.04×	-1.39×	-1.46×	-1.27×	-1.81×	-23.53×
P/B	2.46×	1.41×	1.5×	1.9×	0.65×	0.29×	0.16×	0.2×
P/S	1×	0.4×	0.43×	44.09×	3.51×	0.14×	0.09×	0.1×
EV / EBITDA	4.35×	7.19×	17.79×	-1.02×	-1.87×	2.92×	1.69×	1.89×
Gross margin	47.5%	-4.7%	-8.7%	-441.2%	-19.1%	12.7%	14.2%	18.7%
Operating margin	4.1%	-4.7%	-8.7%	-2340.0%	-200.3%	-11.5%	-5.1%	-0.4%
Net margin	5.7%	-7.6%	10.6%	-3162.3%	-240.1%	-10.9%	-4.8%	-0.4%
Current ratio	1.01×	0.73×	0.7×	3.9×	2.27×	1.11×	1.52×	1.45×
Debt / equity	0.62×	1.47×	1.41×	0.11×	0.39×	0.37×	0.31×	0.19×
Interest coverage	1.16×	-1.16×	-2.65×	-104.02×	-164.23×	-22.16×	-10.45×	-1.77×
Dividend yield	6.4%	14.5%	0.0%	49.4%	17.2%	13.4%	11.3%	11.5%
Payout ratio	114.3%	-75.6%	0.0%	-68.9%	-25.1%	-17.0%	-20.5%	-270.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.9%	-27.1%	37.1%	-136.6%	-44.4%	-23.0%	-8.7%	-0.9%
Return on invested capital	5.0%	-5.5%	-10.2%	-91.1%	-25.1%	-14.8%	-5.2%	-0.5%
Return on assets	4.2%	-5.5%	7.4%	-112.2%	-28.1%	-10.3%	-4.4%	-0.5%
Free cash flow yield	8.7%	-10.7%	-11.8%	-34.8%	-14.2%	40.4%	15.1%	19.0%
Earnings yield	5.6%	-19.2%	24.8%	-71.7%	-68.4%	-78.6%	-55.1%	-4.2%
Enterprise value	SEK 358.2M	SEK 216.2M	SEK 230.4M	SEK 28M	SEK 36.1M	SEK 29.7M	SEK 26.6M	SEK 10.4M
Net debt / EBITDA	0.29×	2.98×	7.47×	0.41×	1.11×	0.18×	0.29×	-2.95×
Cash conversion cycle (days)	145	162	153	-62	-65	45	-30	-47