Fortnox AB (publ)

DB:9E80 Stock Report

Market Cap: €3.9b

Fortnox Past Earnings Performance

Past criteria checks 6/6

Fortnox has been growing earnings at an average annual rate of 33.3%, while the Software industry saw earnings growing at 7.2% annually. Revenues have been growing at an average rate of 27% per year. Fortnox's return on equity is 31.9%, and it has net margins of 35.3%.

Key information

33.3%

Earnings growth rate

32.9%

EPS growth rate

Software Industry Growth14.9%
Revenue growth rate27.0%
Return on equity31.9%
Net Margin35.3%
Next Earnings Update13 Feb 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Fortnox makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:9E80 Revenue, expenses and earnings (SEK Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 241,9556902590
30 Jun 241,8496502590
31 Mar 241,7396132470
31 Dec 231,6425702380
30 Sep 231,5484762360
30 Jun 231,4654392270
31 Mar 231,3683862250
31 Dec 221,2763472170
30 Sep 221,1863152100
30 Jun 221,0892821950
31 Mar 221,0112621790
31 Dec 219322411680
30 Sep 218532321330
30 Jun 217922161160
31 Mar 21732210930
31 Dec 20694205750
30 Sep 20659188800
30 Jun 20621168810
31 Mar 20579151800
31 Dec 19532135760
30 Sep 19491122710
30 Jun 19454104660
31 Mar 1942090640
31 Dec 1837478510
30 Sep 1836465570
30 Jun 1833758560
31 Mar 1831151560
31 Dec 1729049570
30 Sep 1726549510
30 Jun 1724344490
31 Mar 1722640460
31 Dec 1620333410
30 Sep 1618930380
30 Jun 1617224360
31 Mar 1615622310
31 Dec 1514519280
30 Sep 1513214270
30 Jun 1512313260
31 Mar 1511412250
31 Dec 1410512230
30 Sep 149611210
30 Jun 14887110
31 Mar 14826190

Quality Earnings: 9E80 has high quality earnings.

Growing Profit Margin: 9E80's current net profit margins (35.3%) are higher than last year (30.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 9E80's earnings have grown significantly by 33.3% per year over the past 5 years.

Accelerating Growth: 9E80's earnings growth over the past year (45%) exceeds its 5-year average (33.3% per year).

Earnings vs Industry: 9E80 earnings growth over the past year (45%) exceeded the Software industry 10.6%.

Return on Equity

High ROE: 9E80's Return on Equity (31.9%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 17:49
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Fortnox AB (publ) is covered by 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Simon GranathABG Sundal Collier Sponsored
Victor ChengBofA Global Research
Frederic Emile BoulanBofA Global Research