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Mapspeople CPSE:MAPS Stock Report

Last Price


Market Cap







02 Oct, 2022


Company Financials
MAPS fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health3/6

MAPS Stock Overview

Mapspeople A/S operates as a subscription-based Software-as-a-Service company that focuses on mapping and navigation.

Mapspeople Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mapspeople
Historical stock prices
Current Share Pricekr.4.81
52 Week Highkr.10.40
52 Week Lowkr.4.04
1 Month Change-14.72%
3 Month Change-12.23%
1 Year Change-51.90%
3 Year Changen/a
5 Year Changen/a
Change since IPO-46.32%

Recent News & Updates

Shareholder Returns

MAPSDK SoftwareDK Market

Return vs Industry: MAPS exceeded the Danish Software industry which returned -56.6% over the past year.

Return vs Market: MAPS underperformed the Danish Market which returned -11.9% over the past year.

Price Volatility

Is MAPS's price volatile compared to industry and market?
MAPS volatility
MAPS Average Weekly Movement12.8%
Software Industry Average Movement9.8%
Market Average Movement5.5%
10% most volatile stocks in DK Market10.4%
10% least volatile stocks in DK Market3.0%

Stable Share Price: MAPS is more volatile than 90% of Danish stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: MAPS's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Danish stocks.

About the Company

189790Michael Gram

Mapspeople A/S operates as a subscription-based Software-as-a-Service company that focuses on mapping and navigation. The company operates through three segments: Google Maps, MapsIndoors, and Other Subscription. It offers MapsIndoors, an indoor mapping platform, which helps corporate offices to optimize resource utilization, assisting guests navigate to their seats at stadiums, displaying vacant parking lots, or avoiding long queues.

Mapspeople Fundamentals Summary

How do Mapspeople's earnings and revenue compare to its market cap?
MAPS fundamental statistics
Market Capkr.267.05m
Earnings (TTM)-kr.52.98m
Revenue (TTM)kr.30.83m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAPS income statement (TTM)
Cost of Revenuekr.3.06m
Gross Profitkr.27.76m
Other Expenseskr.80.74m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 22, 2022

Earnings per share (EPS)-0.95
Gross Margin90.06%
Net Profit Margin-171.86%
Debt/Equity Ratio68.1%

How did MAPS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is MAPS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAPS?

Other financial metrics that can be useful for relative valuation.

MAPS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.3x
Enterprise Value/EBITDA-5.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does MAPS's PS Ratio compare to its peers?

MAPS PS Ratio vs Peers
The above table shows the PS ratio for MAPS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.6x
AGILC Agillic
DIGIZ Digizuite
MAPS Mapspeople

Price-To-Sales vs Peers: MAPS is expensive based on its Price-To-Sales Ratio (8.7x) compared to the peer average (4.6x).

Price to Earnings Ratio vs Industry

How does MAPS's PE Ratio compare vs other companies in the DK Software Industry?

Price-To-Sales vs Industry: MAPS is expensive based on its Price-To-Sales Ratio (8.7x) compared to the European Software industry average (2.7x)

Price to Sales Ratio vs Fair Ratio

What is MAPS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAPS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MAPS's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of MAPS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MAPS's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MAPS's fair value for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Mapspeople forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Software industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mapspeople has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Take a look at our analysis of MAPS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Mapspeople competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Mapspeople performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Last years earnings growth

Earnings and Revenue History

Quality Earnings: MAPS is currently unprofitable.

Growing Profit Margin: MAPS is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MAPS's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare MAPS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MAPS is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (14.6%).

Return on Equity

High ROE: MAPS has a negative Return on Equity (-253.45%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Mapspeople's financial position?

Financial Health Score


Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: MAPS's short term assets (DKK56.0M) exceed its short term liabilities (DKK47.9M).

Long Term Liabilities: MAPS's short term assets (DKK56.0M) exceed its long term liabilities (DKK17.4M).

Debt to Equity History and Analysis

Debt Level: MAPS has more cash than its total debt.

Reducing Debt: Insufficient data to determine if MAPS's debt to equity ratio has reduced over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MAPS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MAPS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 50.4% each year

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What is Mapspeople current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Mapspeople Dividend Yield vs Market
How does Mapspeople dividend yield compare to the market?
SegmentDividend Yield
Company (Mapspeople)n/a
Market Bottom 25% (DK)1.8%
Market Top 25% (DK)6.7%
Industry Average (Software)1.8%
Analyst forecast in 3 Years (Mapspeople)n/a

Notable Dividend: Unable to evaluate MAPS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MAPS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MAPS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MAPS's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MAPS has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Michael Gram



Mr. Michael Gram serves as Chief Executive Officer of Mapspeople A/S. since October 8, 2007 and he is founder of Mapspeople A/S. He serves as Member of Executive Board at Mapspeople A/S.He is an experienc...

Leadership Team

Experienced Management: MAPS's management team is considered experienced (4.8 years average tenure).

Board Members

Experienced Board: MAPS's board of directors are considered experienced (8.1 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of MAPS?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders888,5001.6%
General Public12,703,91222.9%
VC/PE Firms12,900,65423.2%
Private Companies24,544,37344.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 6 shareholders own 33.81% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Bi Asset Management FondsmÆGlerselskab A/S
Ufnl C Aps
555,250DKK2.7m0%no data
Paradis Invest Aps
499,750DKK2.4m0%no data
Leif Norgaard
444,250DKK2.1m0%no data
Jens Bager
444,250DKK2.1m0%no data

Company Information

Mapspeople A/S's employee growth, exchange listings and data sources

Key Information

  • Name: Mapspeople A/S
  • Ticker: MAPS
  • Exchange: CPSE
  • Founded: 1897
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: kr.267.047m
  • Shares outstanding: 55.52m
  • Website:

Number of Employees


  • Mapspeople A/S
  • Stigsborgvej 60
  • Nørresundby
  • North Denmark Region
  • 9400
  • Denmark


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAPSCPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKJun 2021
70RDB (Deutsche Boerse AG)YesShare CapitalDEEURJun 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Annual Earnings2021/12/31

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.