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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
-183.1%
-SEK 1.18
vs SEK 1.42 price
Levered DCF
-SEK 1.36
After debt service
Piotroski score
—
Altman Z-score
—
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-6.65×-2.15×-3.26×-1.91×-4.96×-3.31×-1.49×-6.1×
P/B8.67×4.94×4.58×1.14×2.92×2.94×1.24×5.52×
P/S12.8×2.85×3.97×2.31×9.6×4.23×2.37×3.02×
EV / EBITDA-6.83×-2.36×-4.43×-2.53×-4.82×-5.78×-2.27×-9.58×
Gross margin-185.1%12.4%20.4%-119.7%-193.3%-113.8%-152.7%-41.4%
Operating margin-194.5%-124.9%-122.7%-120.9%-193.3%-113.8%-152.7%-41.4%
Net margin-191.3%-132.3%-121.8%-120.3%-193.6%-127.9%-159.0%-49.4%
Current ratio3.07×1.25×2.44×2.58×5.84×2.73×2.44×0.5×
Debt / equity0.36×0.69×0.36×0.03×0.02×0.08×0.09×0.3×
Interest coverage-38.52×-16.82×-38.63×-130.23×-132.98×-5.51×-20.43×-3.92×
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-129.6%-229.9%-140.4%-59.5%-58.8%-89.0%-83.5%-90.5%
Return on invested capital-89.6%-116.4%-103.7%-56.1%-54.9%-63.1%-61.7%-39.1%
Return on assets-72.0%-63.2%-75.9%-39.8%-47.3%-58.1%-54.1%-23.6%
Free cash flow yield-13.8%-44.3%-7.4%-103.5%-17.7%-16.9%-72.5%-23.0%
Earnings yield-14.9%-46.5%-30.7%-52.1%-20.2%-30.2%-67.1%-16.4%
Enterprise valueSEK 52.8MSEK 14.5MSEK 27.8MSEK 14.9MSEK 35.2MSEK 20MSEK 10.1MSEK 19.3M
Net debt / EBITDA-0.05×0.03×-0.2×0.06×1.55×0.45×0×-0.42×
Cash conversion cycle (days)3091762934451031376336