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FNOX logo

Fortnox OM:FNOX Stock Report

Last Price

SEK 86.50

Market Cap

SEK 52.8b

7D

34.6%

1Y

28.1%

Updated

03 Apr, 2025

Data

Company Financials +

Fortnox AB (publ)

OM:FNOX Stock Report

Market Cap: SEK 52.8b

FNOX Stock Overview

Provides smart technical products, packages, services, and integrations for financial and administration applications in small and medium sized businesses, accounting firms, and organizations in Sweden. More details

FNOX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance4/6
Financial Health6/6
Dividends0/6

Rewards

Earnings are forecast to grow 23.09% per year

Earnings have grown 32.9% per year over the past 5 years

Risk Analysis

Volatile share price over the past 3 months compared to the Swedish market


Fortnox AB (publ) Competitors

Vitec Software Group

OM:VIT B

SEK 21.1b

Truecaller

OM:TRUE B

SEK 23.4b

Lime Technologies

OM:LIME

SEK 4.4b

Vertiseit

OM:VERT B

SEK 1.7b

Price History & Performance

Summary of share price highs, lows and changes for Fortnox
Historical stock prices
Current Share PriceSEK 86.50
52 Week HighSEK 89.00
52 Week LowSEK 54.16
Beta1.51
1 Month Change30.39%
3 Month Change18.20%
1 Year Change28.15%
3 Year Change55.16%
5 Year Change350.52%
Change since IPO5,272.67%

Recent News & Updates

Recent updates

Fortnox (STO:FNOX) May Have Issues Allocating Its Capital

Mar 11
Fortnox (STO:FNOX) May Have Issues Allocating Its Capital

Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Yearly Report

Feb 16
Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Yearly Report
author-image

Leading the Charge in SME SaaS Innovation

Jan 23A Market Leader Driving Innovation and Growth in Business SolutionsFortnox AB is a standout player in the SaaS (Software-as-a-Service) space, providing cloud-based solutions tailored to small and medi

A Look At The Fair Value Of Fortnox AB (publ) (STO:FNOX)

Dec 30
A Look At The Fair Value Of Fortnox AB (publ) (STO:FNOX)
author-image

AI-Driven Insights And Payment Solutions To Accelerate Growth And Strengthen Profit Margins

Dec 22 Increased automation and new features have enhanced operational efficiency and are likely to boost revenue growth and net margins.

Fortnox AB (publ)'s (STO:FNOX) Shares May Have Run Too Fast Too Soon

Dec 16
Fortnox AB (publ)'s (STO:FNOX) Shares May Have Run Too Fast Too Soon

Is It Too Late To Consider Buying Fortnox AB (publ) (STO:FNOX)?

Nov 14
Is It Too Late To Consider Buying Fortnox AB (publ) (STO:FNOX)?

Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Third-Quarter Report

Oct 27
Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Third-Quarter Report

Fortnox AB (publ)'s (STO:FNOX) Earnings Haven't Escaped The Attention Of Investors

Jun 12
Fortnox AB (publ)'s (STO:FNOX) Earnings Haven't Escaped The Attention Of Investors

Fortnox AB (publ) (STO:FNOX) Shares Could Be 27% Above Their Intrinsic Value Estimate

Apr 09
Fortnox AB (publ) (STO:FNOX) Shares Could Be 27% Above Their Intrinsic Value Estimate

Shareholder Returns

FNOXSE SoftwareSE Market
7D34.6%8.4%-3.5%
1Y28.1%13.2%-1.9%

Return vs Industry: FNOX exceeded the Swedish Software industry which returned 13.2% over the past year.

Return vs Market: FNOX exceeded the Swedish Market which returned -1.9% over the past year.

Price Volatility

Is FNOX's price volatile compared to industry and market?
FNOX volatility
FNOX Average Weekly Movement10.3%
Software Industry Average Movement7.9%
Market Average Movement6.1%
10% most volatile stocks in SE Market13.5%
10% least volatile stocks in SE Market3.5%

Stable Share Price: FNOX's share price has been volatile over the past 3 months compared to the Swedish market.

Volatility Over Time: FNOX's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Swedish stocks.

Community vs My Fair Value

Create Narrative

Select a narrative for quick price alerts from the community, or create your own.

FNOX logo
Fortnox
IN
Investingwilly
Community Contributor

Leading the Charge in SME SaaS Innovation

A Market Leader Driving Innovation and Growth in Business Solutions Fortnox AB is a standout player in the SaaS (Software-as-a-Service) space, providing cloud-based solutions tailored to small and medium-sized enterprises (SMEs). Known for its user-friendly interface, strong customer retention, and expansive ecosystem, Fortnox has become the go-to platform for businesses in Sweden.
View narrative
SEK 100.02
FV
13.5% undervalued intrinsic discount
13.45%
Revenue growth p.a.
6users have liked this narrative
0users have commented on this narrative
29users have followed this narrative
2 months ago author updated this narrative
FNOX logo
Fortnox
AN
AnalystConsensusTarget
Consensus Narrative from 7 Analysts

Integration Of Payment Services And Operational Efficiency Will Shape Future In Swedish Software Market

Key Takeaways Enhancing product offerings and integrating payment services aim to drive revenue and open new earnings streams through higher ARPC and transaction services. Organizational changes focus on scalability and efficiency, with potential improvement in net margins from a unified platform and operational efficiencies.
View narrative
SEK 77.56
FV
11.5% overvalued intrinsic discount
21.92%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
18users have followed this narrative
8 days ago author updated this narrative
View Fortnox Community

About the Company

FoundedEmployeesCEOWebsite
1993822Roger Harteliuswww.fortnox.se

Fortnox AB (publ) provides smart technical products, packages, services, and integrations for financial and administration applications in small and medium sized businesses, accounting firms, and organizations in Sweden. The company offers accounting products comprising bookkeeping, bookkeeping approval and review, supplier invoice approval, invoice data capture, fixed assets register, read, and audit access; billing products consisting of invoicing, basic invoicing, inventory, quote, order, autogiro/direct debit, and time products; business proposal products, such as business opportunities, find service provider, quote and contracts, and signing; and reporting products, including annual accounts and taxes, reconciliation and reporting, group, report and analysis, and company manager. It also provides people products comprising payroll, expense management, travel, business card, employees approval, and employee; engage products, including Insights, Start Page, ToDo, and App; payment solutions, such as payment, invoice, and reminder services; and finance services consisting of invoice factoring, business loans, invoice discounting, and financial decision support.

Fortnox AB (publ) Fundamentals Summary

How do Fortnox's earnings and revenue compare to its market cap?
FNOX fundamental statistics
Market capSEK 52.76b
Earnings (TTM)SEK 710.00m
Revenue (TTM)SEK 2.04b

74.3x

P/E Ratio

25.8x

P/S Ratio

Is FNOX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FNOX income statement (TTM)
RevenueSEK 2.04b
Cost of RevenueSEK 759.00m
Gross ProfitSEK 1.29b
Other ExpensesSEK 575.00m
EarningsSEK 710.00m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Apr 24, 2025

Earnings per share (EPS)1.16
Gross Margin62.87%
Net Profit Margin34.74%
Debt/Equity Ratio0%

How did FNOX perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

21%

Payout Ratio

Does FNOX pay a reliable dividends?

See FNOX dividend history and benchmarks
When do you need to buy FNOX by to receive an upcoming dividend?
Fortnox dividend dates
Ex Dividend DateApr 11 2025
Dividend Pay DateApr 17 2025
Days until Ex dividend7 days
Days until Dividend pay date13 days

Does FNOX pay a reliable dividends?

See FNOX dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/03 17:19
End of Day Share Price 2025/04/03 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fortnox AB (publ) is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Simon GranathABG Sundal Collier Sponsored
Victor ChengBofA Global Research