OM:FLEXQ

Stock Analysis Report

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Executive Summary

FlexQube AB (publ) provides flexible and robust industrial carts for material handling in Europe and North America.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has FlexQube's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FLEXQ's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.3%

FLEXQ

1.4%

SE Machinery

0.9%

SE Market


1 Year Return

-16.5%

FLEXQ

20.6%

SE Machinery

8.5%

SE Market

Return vs Industry: FLEXQ underperformed the Swedish Machinery industry which returned 20.6% over the past year.

Return vs Market: FLEXQ underperformed the Swedish Market which returned 8.5% over the past year.


Shareholder returns

FLEXQIndustryMarket
7 Day2.3%1.4%0.9%
30 Day32.6%12.1%8.5%
90 Day87.3%29.6%21.0%
1 Year-16.5%-16.5%21.7%20.6%10.1%8.5%
3 Yearn/a38.1%18.0%23.4%10.3%
5 Yearn/a89.4%52.3%37.3%10.4%

Price Volatility Vs. Market

How volatile is FlexQube's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is FlexQube undervalued compared to its fair value and its price relative to the market?

3.56x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FLEXQ's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FLEXQ's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FLEXQ is unprofitable, so we can't compare its PE Ratio to the SE Machinery industry average.

PE vs Market: FLEXQ is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FLEXQ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FLEXQ is overvalued based on its PB Ratio (3.6x) compared to the SE Machinery industry average (2.8x).


Next Steps

Future Growth

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

18.5%

Forecasted Capital Goods 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 FlexQube 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.


Next Steps

Past Performance

How has FlexQube performed over the past 5 years?

-62.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FLEXQ is currently unprofitable.

Growing Profit Margin: FLEXQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FLEXQ is unprofitable, and losses have increased over the past 5 years at a rate of 62.4% per year.

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

Earnings vs Industry: FLEXQ is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-7.2%).


Return on Equity

High ROE: FLEXQ has a negative Return on Equity (-31.44%), as it is currently unprofitable.


Next Steps

Financial Health

How is FlexQube's financial position?


Financial Position Analysis

Short Term Liabilities: FLEXQ's short term assets (SEK69.9M) exceed its short term liabilities (SEK25.0M).

Long Term Liabilities: FLEXQ's short term assets (SEK69.9M) exceed its long term liabilities (SEK886.0K).


Debt to Equity History and Analysis

Debt Level: FLEXQ is debt free.

Reducing Debt: FLEXQ had no debt 5 years ago.


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: FLEXQ has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FLEXQ has less than a year of cash runway if free cash flow continues to reduce at historical rates of 54.1% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FLEXQ'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 FLEXQ's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FLEXQ's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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

6.0yrs

Average board tenure


CEO

Anders Fogelberg (39yo)

no data

Tenure

kr121,692

Compensation

Mr. Anders Fogelberg is a Co-Founder of FlexQube AB (publ) and serves as its Chief Executive Officer since 2013. Mr. Fogelberg has a Masters of Science in Mechanical Engineering & a bachelor's degree in in ...


Board Members

NamePositionTenureCompensationOwnership
Per Augustsson
Co-Founder8.5yrsno data19.62% SEK45.1m
Ulf Ivarsson
Independent Chairman of the Boardno datakr250.00k1.08% SEK2.5m
Anders Ströby
Independent Director3.5yrskr150.00k0.94% SEK2.2m
Mikael Bluhme
Director0.17yrno datano data
Christian Thiel
Co-Founder & Director8.5yrsno data26.17% SEK60.1m

6.0yrs

Average Tenure

54yo

Average Age

Experienced Board: FLEXQ's board of directors are considered experienced (6 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

FlexQube AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FlexQube AB (publ)
  • Ticker: FLEXQ
  • Exchange: OM
  • Founded: 2010
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: kr229.690m
  • Shares outstanding: 7.43m
  • Website: https://www.flexqube.com

Number of Employees


Location

  • FlexQube AB (publ)
  • Kungsgatan 28
  • Gothenburg
  • Västra Götaland County
  • 411 19
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FLEXQOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKDec 2017

Biography

FlexQube AB (publ) provides flexible and robust industrial carts for material handling in Europe and North America. It offers carts, such as pallet and container, shelf, flow, hanging, mother-daughter, and kit carts and specialized solutions, as well as parts comprising standard building blocks, casters, fasteners/hardware, handle bars, tow bar components, attachments, shelves, tools, springs, pallet guides, rollers, and pallet changing system components. The company also provides eQart, a smart and motorized cart. Its customers include manufacturers of commercial vehicles, cars, construction and industrial machinery, wind turbines and other energy related products, defense and medical equipment, and appliances and electronics; goods storage and distribution customers; and subcontractors to the automobile industry. The company was founded in 2010 and is headquartered in Gothenburg, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/15 20:54
End of Day Share Price2020/07/15 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.