FPIPS Stock Overview

Provides software and consulting services for capturing, managing, and distributing information in Sweden, Denmark, Germany, the United Kingdom, and the United States. More details

FPIPS fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	1/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 16.4% below our estimate of its fair value

Earnings are forecast to grow 58% per year

Risk Analysis

Shares are highly illiquid

Dividend of 3.02% is not well covered by earnings or cash flows

Large one-off items impacting financial results

Profit margins (3.1%) are lower than last year (11.3%)

My Notes

Capture your thoughts, links and company narrative

Formpipe Software AB (publ) Competitors

ActiveOps

AIM:AOM

UK£73.9m

Eleco

AIM:ELCO

UK£119.1m

Intercede Group

AIM:IGP

UK£106.7m

Aptitude Software Group

LSE:APTD

UK£181.9m

Price History & Performance

Summary of share price highs, lows and changes for Formpipe Software
Historical stock prices
Current Share Price	SEK 24.00
52 Week High	SEK 25.00
52 Week Low	SEK 24.00
Beta	0.66
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	29.03%
5 Year Change	106.90%
Change since IPO	192.68%

Recent updates

Shareholder Returns

	FPIPS	GB Software	GB Market
7D	0%	-1.3%	0.3%
1Y	n/a	5.2%	12.1%

Return vs Industry: Insufficient data to determine how FPIPS performed against the UK Software industry.

Return vs Market: Insufficient data to determine how FPIPS performed against the UK Market.

Price Volatility

Is FPIPS's price volatile compared to industry and market?
FPIPS volatility
FPIPS Average Weekly Movement	n/a
Software Industry Average Movement	5.9%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	10.4%
10% least volatile stocks in GB Market	2.7%

Stable Share Price: FPIPS has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine FPIPS's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2004	284	Christian Sundin	www.formpipe.com

Formpipe Software AB (publ), a software company, develops and provides content services in Sweden, Denmark, the United Kingdom, Germany, the United States, and internationally. The company provides various software products that are used to create, store, distribute, automate, relocate, archive, and manage information, data, and metadata. It offers Acadre for document management, record keeping, and controlling the organization’s data; Adoxa, a product that helps organizations to ensure automatic general data protection regulation compliance and data quality; ATOM, a technical solution for municipalities; Contentworker, a Microsoft based document management system; FAS, a platform for digitizing of fund work; Formpipe Cloud, a cloud solution for document generation, delivery, and archiving; and Autoform DM, a windows based digital archiving solution for cutting edge applications.

Formpipe Software AB (publ) Fundamentals Summary

How do Formpipe Software's earnings and revenue compare to its market cap?
FPIPS fundamental statistics
Market cap	SEK 1.26b
Earnings (TTM)	SEK 14.74m
Revenue (TTM)	SEK 479.58m

85.3x

P/E Ratio

2.6x

P/S Ratio

Is FPIPS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FPIPS income statement (TTM)
Revenue	SEK 479.58m
Cost of Revenue	SEK 222.63m
Gross Profit	SEK 256.95m
Other Expenses	SEK 242.21m
Earnings	SEK 14.74m

Last Reported Earnings

Sep 30, 2022

Next Earnings Date

Feb 15, 2023

Earnings per share (EPS)	0.27
Gross Margin	53.58%
Net Profit Margin	3.07%
Debt/Equity Ratio	16.6%

How did FPIPS perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

256%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/02/12 05:51
End of Day Share Price	2022/11/15 00:00
Earnings	2022/09/30
Annual Earnings	2021/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Formpipe Software AB (publ) is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Simon Granath	ABG Sundal Collier Sponsored
null null	ABG Sundal Collier Sponsored
Mikael Laséen	Carnegie Investment Bank AB