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Mips OM:MIPS Stock Report

Last Price

SEK 460.60

Market Cap

SEK 12.2b

7D

-1.5%

1Y

30.3%

Updated

22 Dec, 2024

Data

Company Financials +

Mips AB (publ)

OM:MIPS Stock Report

Market Cap: SEK 12.2b

MIPS Stock Overview

Develops, manufactures, and sells helmet-based safety systems in North America, Europe, Sweden, Asia, and Australia. More details

MIPS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth6/6
Past Performance4/6
Financial Health6/6
Dividends0/6

Rewards

Earnings are forecast to grow 48.67% per year

Earnings grew by 55.2% over the past year

Analysts in good agreement that stock price will rise by 34%

Risk Analysis

Significant insider selling over the past 3 months


My Notes

Capture your thoughts, links and company narrative

Mips AB (publ) Competitors

Thule Group

OM:THULE

SEK 36.6b

JM

OM:JM

SEK 10.8b

New Wave Group

OM:NEWA B

SEK 12.8b

Wonderful Times Group

NGM:WTG

SEK 56.8m

Price History & Performance

Summary of share price highs, lows and changes for Mips
Historical stock prices
Current Share PriceSEK 460.60
52 Week HighSEK 592.00
52 Week LowSEK 278.60
Beta1.32
1 Month Change-2.99%
3 Month Change-15.18%
1 Year Change30.26%
3 Year Change-60.67%
5 Year Change138.65%
Change since IPO794.37%

Recent News & Updates

Additional Considerations Required While Assessing Mips' (STO:MIPS) Strong Earnings

Nov 03
Additional Considerations Required While Assessing Mips' (STO:MIPS) Strong Earnings

Mips AB (publ) (STO:MIPS) Just Reported And Analysts Have Been Lifting Their Price Targets

Oct 27
Mips AB (publ) (STO:MIPS) Just Reported And Analysts Have Been Lifting Their Price Targets

Recent updates

Additional Considerations Required While Assessing Mips' (STO:MIPS) Strong Earnings

Nov 03
Additional Considerations Required While Assessing Mips' (STO:MIPS) Strong Earnings

Mips AB (publ) (STO:MIPS) Just Reported And Analysts Have Been Lifting Their Price Targets

Oct 27
Mips AB (publ) (STO:MIPS) Just Reported And Analysts Have Been Lifting Their Price Targets

Are Mips AB (publ) (STO:MIPS) Investors Paying Above The Intrinsic Value?

Sep 16
Are Mips AB (publ) (STO:MIPS) Investors Paying Above The Intrinsic Value?

Investors Could Be Concerned With Mips' (STO:MIPS) Returns On Capital

Sep 03
Investors Could Be Concerned With Mips' (STO:MIPS) Returns On Capital

After Leaping 25% Mips AB (publ) (STO:MIPS) Shares Are Not Flying Under The Radar

Jul 23
After Leaping 25% Mips AB (publ) (STO:MIPS) Shares Are Not Flying Under The Radar

Results: Mips AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Jul 21
Results: Mips AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

Mips AB (publ)'s (STO:MIPS) CEO Might Not Expect Shareholders To Be So Generous This Year

May 01
Mips AB (publ)'s (STO:MIPS) CEO Might Not Expect Shareholders To Be So Generous This Year

Mips (STO:MIPS) Will Pay A Larger Dividend Than Last Year At SEK6.00

Apr 17
Mips (STO:MIPS) Will Pay A Larger Dividend Than Last Year At SEK6.00

Mips' (STO:MIPS) Dividend Will Be Increased To SEK6.00

Mar 31
Mips' (STO:MIPS) Dividend Will Be Increased To SEK6.00

There Are Reasons To Feel Uneasy About Mips' (STO:MIPS) Returns On Capital

Mar 01
There Are Reasons To Feel Uneasy About Mips' (STO:MIPS) Returns On Capital

Mips' (STO:MIPS) Weak Earnings May Only Reveal A Part Of The Whole Picture

Feb 16
Mips' (STO:MIPS) Weak Earnings May Only Reveal A Part Of The Whole Picture

Earnings Miss: Mips AB (publ) Missed EPS By 9.1% And Analysts Are Revising Their Forecasts

Feb 11
Earnings Miss: Mips AB (publ) Missed EPS By 9.1% And Analysts Are Revising Their Forecasts

Is Now An Opportune Moment To Examine Mips AB (publ) (STO:MIPS)?

Feb 06
Is Now An Opportune Moment To Examine Mips AB (publ) (STO:MIPS)?

Mips AB (publ) (STO:MIPS) Analysts Just Slashed Next Year's Estimates

Jan 24
Mips AB (publ) (STO:MIPS) Analysts Just Slashed Next Year's Estimates

Mips AB (publ)'s (STO:MIPS) Price In Tune With Revenues

Dec 24
Mips AB (publ)'s (STO:MIPS) Price In Tune With Revenues

Is Mips AB (publ) (STO:MIPS) Trading At A 37% Discount?

Nov 24
Is Mips AB (publ) (STO:MIPS) Trading At A 37% Discount?

Capital Allocation Trends At Mips (STO:MIPS) Aren't Ideal

Nov 09
Capital Allocation Trends At Mips (STO:MIPS) Aren't Ideal

A Look At The Intrinsic Value Of Mips AB (publ) (STO:MIPS)

Aug 04
A Look At The Intrinsic Value Of Mips AB (publ) (STO:MIPS)

News Flash: 4 Analysts Think Mips AB (publ) (STO:MIPS) Earnings Are Under Threat

Jul 22
News Flash: 4 Analysts Think Mips AB (publ) (STO:MIPS) Earnings Are Under Threat

Is Now An Opportune Moment To Examine Mips AB (publ) (STO:MIPS)?

Jul 14
Is Now An Opportune Moment To Examine Mips AB (publ) (STO:MIPS)?

Investors Shouldn't Overlook Mips' (STO:MIPS) Impressive Returns On Capital

Jun 13
Investors Shouldn't Overlook Mips' (STO:MIPS) Impressive Returns On Capital

Mips (STO:MIPS) Is Increasing Its Dividend To SEK5.50

Apr 16
Mips (STO:MIPS) Is Increasing Its Dividend To SEK5.50

Mips AB (publ) (STO:MIPS) Shares Could Be 26% Above Their Intrinsic Value Estimate

Apr 06
Mips AB (publ) (STO:MIPS) Shares Could Be 26% Above Their Intrinsic Value Estimate

Is Mips AB (publ) (STO:MIPS) Potentially Undervalued?

Mar 22
Is Mips AB (publ) (STO:MIPS) Potentially Undervalued?

Why The 35% Return On Capital At Mips (STO:MIPS) Should Have Your Attention

Feb 27
Why The 35% Return On Capital At Mips (STO:MIPS) Should Have Your Attention

Mips' (STO:MIPS) Dividend Will Be Increased To SEK5.50

Feb 14
Mips' (STO:MIPS) Dividend Will Be Increased To SEK5.50

Is Now An Opportune Moment To Examine Mips AB (publ) (STO:MIPS)?

Dec 16
Is Now An Opportune Moment To Examine Mips AB (publ) (STO:MIPS)?

Calculating The Intrinsic Value Of Mips AB (publ) (STO:MIPS)

Dec 02
Calculating The Intrinsic Value Of Mips AB (publ) (STO:MIPS)

Mips (STO:MIPS) Is Investing Its Capital With Increasing Efficiency

Nov 14
Mips (STO:MIPS) Is Investing Its Capital With Increasing Efficiency

Here's Why We Think MIPS (STO:MIPS) Is Well Worth Watching

Sep 23
Here's Why We Think MIPS (STO:MIPS) Is Well Worth Watching

Is There An Opportunity With MIPS AB (publ)'s (STO:MIPS) 24% Undervaluation?

Aug 09
Is There An Opportunity With MIPS AB (publ)'s (STO:MIPS) 24% Undervaluation?

Should You Investigate MIPS AB (publ) (STO:MIPS) At kr496?

Jul 27
Should You Investigate MIPS AB (publ) (STO:MIPS) At kr496?

Shareholder Returns

MIPSSE LeisureSE Market
7D-1.5%-2.1%-2.7%
1Y30.3%27.7%4.6%

Return vs Industry: MIPS exceeded the Swedish Leisure industry which returned 27.7% over the past year.

Return vs Market: MIPS exceeded the Swedish Market which returned 4.6% over the past year.

Price Volatility

Is MIPS's price volatile compared to industry and market?
MIPS volatility
MIPS Average Weekly Movement5.5%
Leisure Industry Average Movement4.8%
Market Average Movement5.6%
10% most volatile stocks in SE Market11.4%
10% least volatile stocks in SE Market3.2%

Stable Share Price: MIPS has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: MIPS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996109Max Strandwitzmipscorp.com

Mips AB (publ) develops, manufactures, and sells helmet-based safety systems in North America, Europe, Sweden, Asia, and Australia. It offers sport helmets, which include bike, snow, equestrian, and team sports helmets, as well as other helmets, such as climbing, snowmobiling, and white-water rafting helmets; moto helmets comprising on-road and off-road helmets, including scooter, mobiling, car driving, and other helmets that involves travel and high speed activities; and safety helmets for construction, manufacturing, mining, and oil industries, as well as military, police force, and rescue services. Mips AB (publ) was founded in 1996 and is headquartered in Täby, Sweden.

Mips AB (publ) Fundamentals Summary

How do Mips's earnings and revenue compare to its market cap?
MIPS fundamental statistics
Market capSEK 12.20b
Earnings (TTM)SEK 104.00m
Revenue (TTM)SEK 430.00m

117.3x

P/E Ratio

28.4x

P/S Ratio

Is MIPS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MIPS income statement (TTM)
RevenueSEK 430.00m
Cost of RevenueSEK 121.00m
Gross ProfitSEK 309.00m
Other ExpensesSEK 205.00m
EarningsSEK 104.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 06, 2025

Earnings per share (EPS)3.93
Gross Margin71.86%
Net Profit Margin24.19%
Debt/Equity Ratio0%

How did MIPS perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

153%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:49
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
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