FormPipe Software AB

FormPipe Software AB maintains a strong liquidity position, with a current ratio of 0.58 and a cash and equivalents balance of 42,293,000 SEK, indicating sufficient short-term liquidity to meet obligations. The company's price-to-book ratio of 2.25 and a debt-to-equity ratio of 0.07 suggest a conservative capital structure with limited leverage. The company's market cap of 1,099,007,588 SEK and a price-to-earnings ratio of 132.06 indicate a high valuation relative to earnings.

In terms of profitability, FormPipe Software AB reports a return on equity of 1.71% and a return on assets of 1.01%, which are below the industry median for software companies. The company's operating margin of 5.97% (calculated from operating income of 7,921,000 SEK on revenue of 132,746,000 SEK) is also below the industry median, indicating room for improvement in cost management and operational efficiency.

FormPipe Software AB's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to market-specific risks and limits the company's ability to offset regional downturns. The company's revenue concentration in a single segment also suggests limited growth opportunities from new product lines or geographic expansion.

The company's growth trajectory is modest, with a current FY revenue of 132,746,000 SEK and a mean revenue estimate of 245,000,000 SEK for the next FY. This represents a projected growth rate of 81.1%, which is significantly higher than the industry median. However, the company's net income of 8,322,000 SEK and a mean EPS estimate of 0.49 SEK suggest that profitability may not keep pace with revenue growth.

FormPipe Software AB faces low liquidity and dilution risks, with no immediate filing-based flags detected. The company's low debt levels and strong cash position reduce the likelihood of near-term liquidity constraints. Additionally, the absence of dilution sources and the alignment of basic and diluted shares outstanding (53,872,921) indicate no imminent pressure from equity issuance.

Recent events and filings do not indicate any material changes in the company's operations or financial position. The company's free cash flow of 23,315,000 SEK and operating cash flow of 56,178,000 SEK suggest strong cash generation capabilities, supporting its current operations and potential for future investments.

FormPipe's net margin of 6.3% significantly exceeds the software cohort median of 2.3%, indicating superior profitability.

Operating margin of 6.0% is well above the software industry median of 1.8%, demonstrating strong operational efficiency.

Cash conversion ratio of 6.75 is best-in-class compared to the software cohort median of 0.92.

Analyst consensus price target of 32.0 SEK implies a 7.7% upside from the current market price.

The company maintains low dilution, liquidity, and credit risk levels, suggesting a stable financial foundation.

Debt-to-equity ratio of 0.07 is below the cohort median, but rising long-term debt trends warrant monitoring.

Revenue kr 60.4M, +1,9% YoY; Operating income −428,2% YoY.

• ▍Revenue kr 60.4M, +1,9% YoY
• ▍Operating income −428,2% YoY
• ▍Net income +14 855,8% YoY
• ▍Free cash flow −569,8% YoY
• ▍Net margin 792.2%

Revenue kr 60.9M, +9,2% YoY; Operating income +217,1% YoY.

• ▍Revenue kr 60.9M, +9,2% YoY
• ▍Operating income +217,1% YoY
• ▍Net income +198,5% YoY
• ▍Free cash flow +516,5% YoY
• ▍Net margin 18.6%

Revenue kr 140.5M, +5,8% YoY; Operating income −79,3% YoY.

• ▍Revenue kr 140.5M, +5,8% YoY
• ▍Operating income −79,3% YoY
• ▍Net income −94,1% YoY
• ▍Free cash flow −23,8% YoY
• ▍Net margin 0.3%

Revenue kr 61.2M; Operating income -kr 5.2M.

• ▍Revenue kr 61.2M
• ▍Operating income -kr 5.2M
• ▍Net margin 8.3%

Revenue kr 59.2M; Operating income -kr 7.2M.

• ▍Revenue kr 59.2M
• ▍Operating income -kr 7.2M
• ▍Net margin 5.4%

Revenue kr 55.8M; Operating income -kr 3.5M.

• ▍Revenue kr 55.8M
• ▍Operating income -kr 3.5M
• ▍Net margin 6.8%

Revenue kr 132.7M; Operating income kr 7.9M.

• ▍Revenue kr 132.7M
• ▍Operating income kr 7.9M
• ▍Net margin 6.3%

Revenue kr 243.3M, +9,3% YoY; Operating income −236,8% YoY.

• ▍Revenue kr 243.3M, +9,3% YoY
• ▍Operating income −236,8% YoY
• ▍Net income +2 796,3% YoY
• ▍Free cash flow −298,1% YoY
• ▍Net margin 203.5%

Revenue kr 222.6M, −57,6% YoY; Operating income −129,6% YoY.

• ▍Revenue kr 222.6M, −57,6% YoY
• ▍Operating income −129,6% YoY
• ▍Net income −53,7% YoY
• ▍Free cash flow −118,7% YoY
• ▍Net margin 7.7%

Revenue kr 525.2M, +8,3% YoY; Operating income +210,7% YoY.

• ▍Revenue kr 525.2M, +8,3% YoY
• ▍Operating income +210,7% YoY
• ▍Net income +321,4% YoY
• ▍Free cash flow +318,3% YoY
• ▍Net margin 7.0%

Revenue kr 485.1M, +2,5% YoY; Operating income −77,1% YoY.

• ▍Revenue kr 485.1M, +2,5% YoY
• ▍Operating income −77,1% YoY
• ▍Net income −82,6% YoY
• ▍Free cash flow −65,8% YoY
• ▍Net margin 1.8%

Revenue kr 473.2M; Operating income kr 68.5M.

• ▍Revenue kr 473.2M
• ▍Operating income kr 68.5M
• ▍Net margin 10.7%