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MIPS

OM:MIPS
Snowflake Description

Exceptional growth potential with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MIPS
OM
SEK5B
Market Cap
  1. Home
  2. SE
  3. Consumer Durables
Company description

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
-0.8%
OM:MIPS
4%
Europe Leisure
1%
SE Market
1 Year Returns
160.2%
OM:MIPS
18.2%
Europe Leisure
5.7%
SE Market
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.
Price Volatility
MIPS
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for MIPS.

OM:MIPS Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for OM:MIPS
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.

OM:MIPS DCF 1st Stage: Next 10 year cash flow forecast
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
OM:MIPS DCF 2nd Stage: Terminal Value
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
OM:MIPS Total Equity Value
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
OM:MIPS Discount to Share Price
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
Amount off the current price MIPS is available for.
Intrinsic value
15%
Share price is SEK155.6 vs Future cash flow value of SEK182.32
Current Discount Checks
For MIPS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
OM:MIPS PE (Price to Earnings) Ratio Data Sources
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.

OM:MIPS PE (Price to Earnings) Ratio Calculation
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?
Raw Data
OM:MIPS PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

OM:MIPS PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
OM:MIPS PB (Price to Book) Ratio Data Sources
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
OM:MIPS PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess MIPS's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Leisure industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Leisure industry average (and greater than 0)? (1 check)
  5. 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!
Annual Growth Rate
36.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MIPS expected to grow at an attractive rate?
  • 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
Raw Data
OM:MIPS Future Growth Rates Data Sources
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
Raw Data
OM:MIPS Analysts Growth Expectations Data Sources
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 numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:MIPS Future Estimates Data
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
OM:MIPS Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • MIPS's earnings are expected to grow significantly at over 20% yearly.
  • MIPS's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:MIPS 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.

OM:MIPS Future Estimates Data
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
OM:MIPS Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • MIPS is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess MIPS's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare MIPS's growth in the last year to its industry (Leisure).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
MIPS's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from MIPS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:MIPS Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess MIPS's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Leisure industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of MIPS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from MIPS Company Filings, last reported 3 months ago.

OM:MIPS Past Debt and Equity Data
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.
X
Financial health checks
We assess MIPS's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. MIPS has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
1.61%
Current annual income from MIPS dividends. Estimated to be 2.25% next year.
If you bought SEK2,000 of MIPS shares you are expected to receive SEK32 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
OM:MIPS Annualized Past and Future Dividends
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.

OM:MIPS Future Dividends Estimate Data
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
OM:MIPS Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of MIPS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess MIPS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of MIPS's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Johan Thiel
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:

3.3
Average Tenure
43.5
Average Age
  • The tenure for the MIPS management team is about average.
Management Team

Johan Thiel

TITLE
CEO & President
COMPENSATION
SEK3M
AGE
54
TENURE
6.3 yrs

Max Strandwitz

TITLE
Chief Financial Officer
AGE
43
TENURE
3.3 yrs

Shuyi Isaksson

TITLE
Head of Operations
AGE
40
TENURE
3.3 yrs

Christopher Pietrzak

TITLE
Chief Technology Officer
AGE
44
TENURE
2.3 yrs

Peter Halldin

TITLE
Chief Science Officer
AGE
50
TENURE
11.3 yrs

Boel Sundvall

TITLE
Head of Investor Relations
AGE
59
TENURE
3.3 yrs

Josefin Ytterborn

TITLE
Head of Marketing
AGE
35
TENURE
1.8 yrs

Johan Sauer

TITLE
Head of Sales
AGE
40
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the MIPS board of directors in years:

3.3
Average Tenure
52
Average Age
  • The tenure for the MIPS board of directors is about average.
Board of Directors

Bengt Baron

TITLE
Chairman of the Board
COMPENSATION
SEK340K
AGE
56
TENURE
8.3 yrs

Pär Arvidsson

TITLE
Director
COMPENSATION
SEK190K
AGE
58
TENURE
3.3 yrs

Magnus Welander

TITLE
Director
COMPENSATION
SEK170K
AGE
52
TENURE
3.3 yrs

Jonas Rahmn

TITLE
Director
COMPENSATION
SEK185K
AGE
51
TENURE
9.3 yrs

Pernilla Wiberg

TITLE
Director
COMPENSATION
SEK150K
AGE
48
TENURE
3.3 yrs

Jenny Rosberg

TITLE
Director
AGE
52

Greg Shapleigh

TITLE
Director
AGE
49
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
X
Management checks
We assess MIPS's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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)

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What 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.

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A 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.

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MIPS 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

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MIPS 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.

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MIPS 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.

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Who 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.

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Spotlight 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.

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Is 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.

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Company 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
Staff numbers
36
MIPS employees.
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.