MIPS
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MIPS AB (publ) manufactures and sells helmets in Sweden, North America, rest of Europe, Asia, and Australia. The last earnings update was 27 days ago. More info.
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- MIPS has significant price volatility in the past 3 months.
MIPS Share Price and Events
7 Day Returns
1 Year Returns
MIPS Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| MIPS (MIPS) | -0.8% | 21.9% | 17% | 160.2% | - | - |
| Europe Leisure | 4% | 10% | 12.5% | 18.2% | 57.8% | 99.9% |
| SE Market | 1% | 6.1% | 11.3% | 5.7% | 15.9% | 26% |
1 Year Return vs Industry and Market
- MIPS outperformed the Leisure industry which returned 18.2% over the past year.
- MIPS outperformed the Market in Sweden which returned 5.7% over the past year.
Value
Is MIPS undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
MIPS
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for MIPS.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6% |
| Perpetual Growth Rate | 10-Year SE Government Bond Rate | 0.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year SE Govt Bond Rate | 0.4% |
| Equity Risk Premium | S&P Global | 6% |
| Leisure Unlevered Beta | Simply Wall St/ S&P Global | 0.91 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.913 (1 + (1- 22%) (0%)) |
0.942 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.94 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (0.942 * 5.96%) |
6.05% |
Discounted Cash Flow Calculation for OM:MIPS using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for MIPS is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (SEK, Millions) | Source |
Present Value Discounted (@ 6.05%) |
|
|---|---|---|---|
| 2019 | 101.66 | Est @ 63.61% | 95.86 |
| 2020 | 147.06 | Est @ 44.66% | 130.77 |
| 2021 | 193.23 | Est @ 31.39% | 162.02 |
| 2022 | 235.94 | Est @ 22.1% | 186.54 |
| 2023 | 272.76 | Est @ 15.6% | 203.35 |
| 2024 | 302.90 | Est @ 11.05% | 212.95 |
| 2025 | 326.73 | Est @ 7.87% | 216.60 |
| 2026 | 345.15 | Est @ 5.64% | 215.76 |
| 2027 | 359.22 | Est @ 4.08% | 211.74 |
| 2028 | 369.94 | Est @ 2.98% | 205.62 |
| Present value of next 10 years cash flows | SEK1,841.21 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= SEK369.94 × (1 + 0.43%) ÷ (6.05% – 0.43%) |
SEK6,617.63 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= SEK6,617.63 ÷ (1 + 6.05%)10 |
SEK3,678.27 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= SEK1,841.21 + SEK3,678.27 |
SEK5,519.48 |
| Equity Value per Share (SEK) |
= Total value / Shares Outstanding
= SEK5,519.48 / 30.27 |
SEK182.32 |
| Calculation | Result | |
|---|---|---|
| Value per share (SEK) | From above. | SEK182.32 |
| Current discount | Discount to share price of
SEK155.60
= -1 x (SEK155.60 - SEK182.32) / SEK182.32 |
14.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- MIPS's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- MIPS's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for MIPS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
MIPS's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in SEK | SEK2.23 |
| OM:MIPS Share Price ** | OM (2019-04-25) in SEK | SEK155.6 |
| Europe Leisure Industry PE Ratio | Median Figure of 24 Publicly-Listed Leisure Companies | 19.15x |
| Sweden Market PE Ratio | Median Figure of 322 Publicly-Listed Companies | 17.28x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of MIPS.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OM:MIPS Share Price ÷ EPS (both in SEK) = 155.6 ÷ 2.23 |
69.8x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MIPS is overvalued based on earnings compared to the Europe Leisure industry average.
- MIPS is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does
MIPS's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 69.8x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
36.8%per year |
| Europe Leisure Industry PEG Ratio | Median Figure of 11 Publicly-Listed Leisure Companies | 1.41x |
| Sweden Market PEG Ratio | Median Figure of 233 Publicly-Listed Companies | 1.31x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 69.8x ÷ 36.8% |
1.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MIPS is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
MIPS's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in SEK | SEK10.89 |
| OM:MIPS Share Price * | OM (2019-04-25) in SEK | SEK155.6 |
| Europe Leisure Industry PB Ratio | Median Figure of 28 Publicly-Listed Leisure Companies | 2.51x |
| Sweden Market PB Ratio | Median Figure of 566 Publicly-Listed Companies | 2.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OM:MIPS Share Price ÷ Book Value per Share (both in SEK) = 155.6 ÷ 10.89 |
14.28x |
* Primary Listing of MIPS.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- MIPS is overvalued based on assets compared to the Europe Leisure industry average.
Value checks
We assess MIPS's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check) MIPS has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is MIPS expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- MIPS's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
- MIPS's earnings growth is expected to exceed the Sweden market average.
- MIPS's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OM:MIPS Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 36.8% |
| OM:MIPS Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | 31.5% |
| Europe Leisure Industry Earnings Growth Rate | Market Cap Weighted Average | 10.1% |
| Europe Leisure Industry Revenue Growth Rate | Market Cap Weighted Average | 6.7% |
| Sweden Market Earnings Growth Rate | Market Cap Weighted Average | 8.4% |
| Sweden Market Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 523 | 188 | 1 | |
| 2020-12-31 | 402 | 141 | 1 | |
| 2019-12-31 | 287 | 94 | 1 |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 193 | 69 | 56 |
| 2018-09-30 | 171 | 46 | 46 |
| 2018-06-30 | 147 | 21 | 30 |
| 2018-03-31 | 128 | 16 | 22 |
| 2017-12-31 | 126 | 11 | 16 |
| 2017-09-30 | 117 | 20 | 15 |
| 2017-06-30 | 110 | 26 | 17 |
| 2017-03-31 | 97 | 17 | 13 |
| 2016-12-31 | 87 | 16 | 14 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from MIPS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 7.44 | 7.44 | 7.44 | 1.00 |
| 2020-12-31 | 5.56 | 5.56 | 5.56 | 1.00 |
| 2019-12-31 | 3.73 | 3.73 | 3.73 | 1.00 |
| Date (Data in SEK Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.23 |
| 2018-09-30 | 1.81 |
| 2018-06-30 | 1.19 |
| 2018-03-31 | 0.85 |
| 2017-12-31 | 0.64 |
| 2017-09-30 | 0.65 |
| 2017-06-30 | 0.75 |
| 2017-03-31 | 0.58 |
| 2016-12-31 | 0.67 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess MIPS's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
MIPS has a total score of 6/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has MIPS performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- MIPS has delivered over 20% year on year earnings growth in the past 5 years.
- MIPS's 1-year earnings growth exceeds its 5-year average (256.6% vs 53.4%)
- MIPS's earnings growth has exceeded the Europe Leisure industry average in the past year (256.6% vs 28.8%).
Earnings and Revenue History
All data from MIPS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 192.53 | 56.40 | 48.94 | 12.15 |
| 2018-09-30 | 170.92 | 45.91 | 63.01 | 11.43 |
| 2018-06-30 | 147.00 | 29.99 | 60.47 | 11.65 |
| 2018-03-31 | 128.05 | 21.63 | 58.50 | 10.31 |
| 2017-12-31 | 125.60 | 15.82 | 46.33 | 9.66 |
| 2017-09-30 | 116.50 | 15.29 | 44.85 | 9.02 |
| 2017-06-30 | 110.43 | 17.20 | 51.74 | 7.36 |
| 2017-03-31 | 97.45 | 12.86 | 49.61 | 6.07 |
| 2016-12-31 | 86.63 | 14.30 | 40.73 | 4.61 |
| 2015-12-31 | 49.56 | 18.78 | 28.86 | 3.15 |
| 2014-12-31 | 14.77 | -13.13 | 18.69 | 2.98 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- MIPS has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- MIPS used its assets more efficiently than the Europe Leisure industry average last year based on Return on Assets.
- MIPS has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess MIPS's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
MIPS has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is MIPS's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up MIPS's finances.
The net worth of a company is the difference between its assets and liabilities.
- MIPS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- MIPS has no long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- MIPS has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from MIPS Company Filings, last reported 3 months ago.
| Date (Data in SEK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 275.64 | 0.00 | 242.51 |
| 2018-09-30 | 252.88 | 0.00 | 220.77 |
| 2018-06-30 | 236.13 | 0.00 | 191.90 |
| 2018-03-31 | 221.16 | 0.00 | 186.75 |
| 2017-12-31 | 220.57 | 0.00 | 179.77 |
| 2017-09-30 | 210.16 | 0.00 | 180.51 |
| 2017-06-30 | 210.43 | 0.01 | 175.17 |
| 2017-03-31 | 199.93 | 0.03 | 181.50 |
| 2016-12-31 | 57.33 | 0.06 | 28.51 |
| 2015-12-31 | 41.55 | 0.15 | 15.72 |
| 2014-12-31 | 18.35 | 0.67 | 14.97 |
- MIPS has no debt.
- MIPS currently has no debt however we can't compare to 5 years ago as we have no data for that period.
- MIPS has no debt, it does not need to be covered by operating cash flow.
- MIPS has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess MIPS's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) MIPS has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is MIPS's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
SEK2,000 of
MIPS
shares you are expected to receive
SEK32
in your first year as a dividend.
Dividend Amount
- MIPS's pays a lower dividend yield than the bottom 25% of dividend payers in Sweden (1.84%).
- MIPS's dividend is below the markets top 25% of dividend payers in Sweden (4.33%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Europe Leisure Industry Average Dividend Yield | Market Cap Weighted Average of 17 Stocks | 2.4% |
| Sweden Market Average Dividend Yield | Market Cap Weighted Average of 245 Stocks | 3.5% |
| Sweden Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Sweden Bottom 25% Dividend Yield | 25th Percentile | 1.8% |
| Sweden Top 25% Dividend Yield | 75th Percentile | 4.3% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in SEK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 4.00 | 1.00 |
| 2020-12-31 | 3.50 | 1.00 |
| 2019-12-31 | 3.00 | 1.00 |
| Date (Data in SEK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-03 | 2.500 | 1.747 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- It is too early to tell whether MIPS has stable dividend payments.
- MIPS only just started paying a dividend, it is too early to tell if payments are increasing.
Income/ dividend checks
We assess MIPS's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can MIPS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) MIPS has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | SEK2,648,000 |
| AGE | 54 |
| TENURE AS CEO | 6.3 years |
CEO Bio
Mr. Johan Thiel has been Chief Executive Officer of MIPS AB (publ) since 2013 and serves as its President. Mr. Thiel served as Business and Product Development Manager at Miscea B.V. Business and Client Development and Partner/Owner of CoreComp AB. He served as Director of Double T Capital AB. He studied Economics secondary education for three years.
CEO Compensation
- Johan's compensation has been consistent with company performance over the past year.
- Johan's remuneration is lower than average for companies of similar size in Sweden.
Management Team Tenure
Average tenure and age of the MIPS management team in years:
- The tenure for the MIPS management team is about average.
Management Team
Johan Thiel
CEO & President
SEK3M
54
6.3 yrs
Max Strandwitz
Chief Financial Officer
43
3.3 yrs
Shuyi Isaksson
Head of Operations
40
3.3 yrs
Christopher Pietrzak
Chief Technology Officer
44
2.3 yrs
Peter Halldin
Chief Science Officer
50
11.3 yrs
Boel Sundvall
Head of Investor Relations
59
3.3 yrs
Josefin Ytterborn
Head of Marketing
35
1.8 yrs
Johan Sauer
Head of Sales
40
1.3 yrs
Board of Directors Tenure
Average tenure and age of the MIPS board of directors in years:
- The tenure for the MIPS board of directors is about average.
Board of Directors
Bengt Baron
Chairman of the Board
SEK340K
56
8.3 yrs
Pär Arvidsson
Director
SEK190K
58
3.3 yrs
Magnus Welander
Director
SEK170K
52
3.3 yrs
Jonas Rahmn
Director
SEK185K
51
9.3 yrs
Pernilla Wiberg
Director
SEK150K
48
3.3 yrs
Jenny Rosberg
Director
52
Greg Shapleigh
Director
49
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (SEK) | Value (SEK) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess MIPS's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) MIPS has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Why MIPS AB (publ)'s (STO:MIPS) High P/E Ratio Isn't Necessarily A Bad Thing
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll apply a basic P/E ratio analysis to MIPS AB (publ)'s (STO:MIPS), to help you decide if the stock is worth further research. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of MIPS AB (publ) (STO:MIPS)?
Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … MIPS is not a large company by global standards. … institutions own shares in the company.
Simply Wall St - – Full articleA Close Look At MIPS AB (publ)’s (STO:MIPS) 20% ROCE
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleMIPS AB (publ) (STO:MIPS) Delivered A Better ROE Than Its Industry
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every SEK1 worth of equity in the company, it was able to earn SEK0.18. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleMIPS AB (publ) (STO:MIPS): A Look At Return On Capital
Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Your return is tied to MIPS’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … To understand MIPS’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleMIPS AB (publ) (STO:MIPS): Can It Deliver A Superior ROE To The Industry?
I am writing today to help inform people who are new to the stock market. … MIPS AB (publ) (STO:MIPS) performed in line with its leisure products industry on the basis of its ROE – producing a return of 9.78% relative to the peer average of 11.78% over the past 12 months. … But what is more interesting is whether MIPS can sustain or improve on this level of return.
Simply Wall St - – Full articleWho Really Owns MIPS AB (publ) (STO:MIPS)?
I am going to take a deep dive into MIPS AB (publ)’s (STO:MIPS) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.
Simply Wall St - – Full articleSpotlight On MIPS AB (publ)'s (STO:MIPS) Fundamentals
I've been keeping an eye on MIPS AB (publ) (STO:MIPS) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe MIPS has a lot to offer.
Simply Wall St - – Full articleIs It Time To Sell MIPS AB (publ) (OM:MIPS) Based Off Its PE Ratio?
and want to begin learning the link between MIPS AB (publ) (OM:MIPS)’s fundamentals and stock market performance. … MIPS AB (publ) (OM:MIPS) trades with a trailing P/E of 84.8x, which is higher than the industry average of 24.3x. … While MIPS might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.
Simply Wall St - – Full articleCompany Info
Description
MIPS AB (publ) manufactures and sells helmets in Sweden, North America, rest of Europe, Asia, and Australia. The company offers MIPS brain protection system for helmet solutions in the consumer market, bicycle, skiing and snowboard, motorcycle and motocross, equestrian, team sport, climbing, and horse riding helmets; and in the commercial market, including military, law enforcement, and search and rescue helmets. MIPS AB (publ) was founded in 2001 and is headquartered in Täby, Sweden.
Details
| Name: | MIPS AB (publ) |
| MIPS | |
| Exchange: | OM |
| Founded: | 2001 |
| SEK4,710,614,172 | |
| 30,273,870 | |
| Website: | http://www.mipscorp.com |
| Address: |
MIPS AB (publ) Källtorpsvägen 2, Täby, Stockholm County, 183 71, Sweden |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OM | MIPS | Ordinary Shares | OMX Nordic Exchange Stockholm | SE | SEK | 23. Mar 2017 | |
| OTCPK | MPZA.F | Ordinary Shares | Pink Sheets LLC | US | USD | 23. Mar 2017 | |
| DB | 7M1 | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 23. Mar 2017 | |
| LSE | 0RNQ | Ordinary Shares | London Stock Exchange | GB | SEK | 23. Mar 2017 |
Number of employees
Current staff
Industry
| Leisure Products | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/25 22:55 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/24 |
| Last earnings filing: | 2019/03/29 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
