1FNOX Stock Overview

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

1FNOX fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	5/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 7.1% below our estimate of its fair value

Earnings are forecast to grow 23.25% per year

Earnings grew by 24.6% over the past year

Risk Analysis

Shares are highly illiquid

Community vs My Fair Value

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Fortnox AB (publ) Competitors

TXT e-solutions

BIT:TXT

€435.7m

SYS-DAT

BIT:SYS

€199.6m

Almawave

BIT:AIW

€96.2m

Maps

BIT:MAPS

€41.2m

Price History & Performance

Summary of share price highs, lows and changes for Fortnox
Historical stock prices
Current Share Price	SEK 5.96
52 Week High	SEK 0
52 Week Low	SEK 0
Beta	1.51
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	0%

Recent updates

Shareholder Returns

	1FNOX	IT Software	IT Market
7D	n/a	-3.5%	0.4%
1Y	n/a	-7.4%	11.1%

Return vs Industry: Insufficient data to determine how 1FNOX performed against the Italian Software industry.

Return vs Market: Insufficient data to determine how 1FNOX performed against the Italian Market.

Price Volatility

Is 1FNOX's price volatile compared to industry and market?
1FNOX volatility
1FNOX Average Weekly Movement	n/a
Software Industry Average Movement	6.7%
Market Average Movement	4.4%
10% most volatile stocks in IT Market	8.1%
10% least volatile stocks in IT Market	2.7%

Stable Share Price: 1FNOX's share price has been volatile over the past 3 months compared to the Italian market.

Volatility Over Time: Insufficient data to determine 1FNOX's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1993	881	Tommy Eklund	www.fortnox.se

Fortnox AB (publ) provides products, packages, and integrations for financial and administration applications in small and medium sized businesses, accounting firms, and organizations. The company offers bookkeeping, approval and review, supplier invoice, approval, invoice data capture, fixed assets, register, read, and audit access products; invoicing, basic invoicing, inventory, quote, order, autogiro, and time products; and annual accounts and taxes, reconciliation and reporting, group, and company manager reporting products. It also provides people products comprising payroll, expense management, travel, business card, employees approval, and employee; engage products, including Insights, Archive Storage, Stock Companies, Business Mailbox, ID, Start page, ToDo, and App; and invoice financing services and business loans.

Fortnox AB (publ) Fundamentals Summary

How do Fortnox's earnings and revenue compare to its market cap?
1FNOX fundamental statistics
Market cap	€3.52b
Earnings (TTM)	€64.91m
Revenue (TTM)	€186.87m

54.2x

P/E Ratio

18.8x

P/S Ratio

Is 1FNOX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1FNOX income statement (TTM)
Revenue	SEK 2.04b
Cost of Revenue	SEK 759.00m
Gross Profit	SEK 1.29b
Other Expenses	SEK 575.00m
Earnings	SEK 710.00m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Mar 20, 2025

Earnings per share (EPS)	1.16
Gross Margin	62.87%
Net Profit Margin	34.74%
Debt/Equity Ratio	0%

How did 1FNOX perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

21%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/11 18:55
End of Day Share Price	2025/03/11 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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

Fortnox AB (publ) is covered by 14 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.

Analyst	Institution
null null	ABG Sundal Collier
Simon Granath	ABG Sundal Collier Sponsored
Victor Cheng	BofA Global Research

Fortnox BIT:1FNOX Stock Report