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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
-100.4%
-SEK 0.00
vs SEK 0.15 price
Levered DCF
-SEK 0.00
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-20.07
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-78.03×-0.03×-5.05×-10.03×-14.02×-5.63×-11.34×
P/B-793.03×0.39×35.94×17.6×38.03×-3.96×-9.6×
P/S0×3.76×309.16×362.17×157.56×25.39×40.3×
EV / EBITDA-73.4×0.04×-5.15×-10.32×-14.59×-8.39×-11.68×
Gross margin0.0%-12999.0%-3392.9%-1836.3%-412.3%-269.9%-297.6%
Operating margin0.0%-11179.5%-5963.6%-3399.5%-1074.8%-395.0%-356.2%
Net margin0.0%-12086.8%-6115.4%-3501.7%-1097.6%-422.7%-356.2%
Current ratio0.6×1.35×1.24×3.16×2.08×0.21×0.35×
Debt / equity-1.2×0×2.24×0.17×1.18×-1.19×0×
Interest coverage-38.3×-12.29×-36×-33.25×-47.12×-16.97×0×
Dividend yield0.0%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%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity1016.9%-1246.8%-710.9%-170.1%-265.0%66.0%84.9%
Return on invested capital-5493.7%-1153.2%-213.7%-140.7%-119.0%-329.4%84.9%
Return on assets-533.1%-401.1%-167.3%-118.7%-103.1%-178.2%-94.1%
Free cash flow yield-1.2%-3792.6%-17.7%-10.3%-7.3%-14.9%-13.0%
Earnings yield-1.3%-3216.3%-19.8%-9.7%-7.0%-16.7%-8.8%
Enterprise valueSEK 2.1B-SEK 1.7MSEK 235.2MSEK 387.8MSEK 380.6MSEK 81MSEK 62.6M
Net debt / EBITDA-0.05×0.07×0.11×0.43×0.24×-1.88×0.04×
Cash conversion cycle (days)-1,8056,8973,0613,479915404937