Mips AB (publ)

BATS-CHIXE:MIPSS Stock Report

Market Cap: SEK 7.9b

Mips Management

Management criteria checks 4/4

Mips' CEO is Max Strandwitz, appointed in May 2019, has a tenure of 4.83 years. total yearly compensation is SEK6.57M, comprised of 64.4% salary and 35.6% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth SEK23.17M. The average tenure of the management team and the board of directors is 4.1 years and 4.5 years respectively.

Key information

Max Strandwitz

Chief executive officer

SEK 6.6m

Total compensation

CEO salary percentage64.4%
CEO tenure4.8yrs
CEO ownership0.3%
Management average tenure4.1yrs
Board average tenure4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Max Strandwitz's remuneration changed compared to Mips's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

SEK 64m

Sep 30 2023n/an/a

SEK 67m

Jun 30 2023n/an/a

SEK 82m

Mar 31 2023n/an/a

SEK 141m

Dec 31 2022SEK 7mSEK 4m

SEK 175m

Sep 30 2022n/an/a

SEK 235m

Jun 30 2022n/an/a

SEK 295m

Mar 31 2022n/an/a

SEK 271m

Dec 31 2021SEK 8mSEK 4m

SEK 255m

Sep 30 2021n/an/a

SEK 235m

Jun 30 2021n/an/a

SEK 188m

Mar 31 2021n/an/a

SEK 149m

Dec 31 2020SEK 4mSEK 3m

SEK 129m

Sep 30 2020n/an/a

SEK 100m

Jun 30 2020n/an/a

SEK 74m

Mar 31 2020n/an/a

SEK 87m

Dec 31 2019SEK 5mSEK 2m

SEK 85m

Compensation vs Market: Max's total compensation ($USD642.56K) is below average for companies of similar size in the UK market ($USD1.38M).

Compensation vs Earnings: Max's compensation has been consistent with company performance over the past year.

CEO

Max Strandwitz (48 yo)

4.8yrs

Tenure

SEK 6,571,000

Compensation

Mr. Max Strandwitz has been Chief Executive Officer of MIPS AB (publ) since May 10, 2019 and also serves as its President. Mr. Strandwitz served as Chief Financial Officer of Operations at Cloetta AB and F...

Leadership Team

NamePositionTenureCompensationOwnership
Max Strandwitz
CEO & President4.8yrsSEK 6.57m0.29%
SEK 23.2m
Karin Rosenthal
Chief Financial Officer3.4yrsno data0.048%
SEK 3.8m
Cedric Marmeys
Chief of Operations1.2yrsno datano data
Johan Hedlund
Acting CTO & Head of Product Development2.2yrsno data0.0046%
SEK 365.9k
Fredrik Jellberg
Chief Marketing Officer5.2yrsno data0.14%
SEK 10.8m
Johan Thiel
Advisor4.8yrsSEK 5.69mno data

4.1yrs

Average Tenure

47.5yo

Average Age

Experienced Management: MIPSS's management team is considered experienced (4.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Maria Hedengren
Independent Director1.8yrsSEK 230.00k0.0015%
SEK 118.8k
Jenny Rosberg
Independent Director6.2yrsSEK 382.00k0.0060%
SEK 475.2k
Magnus Welander
Independent Chairman of the Board8.2yrsSEK 608.00k0.19%
SEK 15.0m
Jonas Rahmn
Independent Board Member12.2yrsSEK 278.00k0.13%
SEK 9.9m
Anna Hallov
Independent Director1.8yrsSEK 183.00k0.0023%
SEK 177.8k
Thomas Brautigam
Independent Director2.8yrsSEK 275.00k0.040%
SEK 3.1m

4.5yrs

Average Tenure

56yo

Average Age

Experienced Board: MIPSS's board of directors are considered experienced (4.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/03/10 05:37
End of Day Share Price 2023/12/12 00:00
Earnings2023/12/31
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

Mips AB (publ) is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel ThorssonABG Sundal Collier
Karl VikströmBerenberg
Emanuel JanssonDanske Bank