MIPS AB (publ) manufactures and sells helmets in Sweden, North America, rest of Europe, Asia, and Australia.
Exceptional growth potential with flawless balance sheet.
Share Price & News
How has MIPS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MIPS's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MIPS exceeded the Swedish Leisure industry which returned 17.7% over the past year.
Return vs Market: MIPS exceeded the Swedish Market which returned 23.3% over the past year.
Price Volatility Vs. Market
How volatile is MIPS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StMIPS AB (publ) Analysts Are Pretty Bullish On The Stock After Recent Results
2 weeks ago | Simply Wall StShould You Rely On MIPS's (STO:MIPS) Earnings Growth?
1 month ago | Simply Wall StUpdate: MIPS (STO:MIPS) Stock Gained 69% In The Last Year
Is MIPS undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MIPS (SEK268) is trading above our estimate of fair value (SEK202.68)
Significantly Below Fair Value: MIPS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MIPS is poor value based on its PE Ratio (79.9x) compared to the Leisure industry average (19.2x).
PE vs Market: MIPS is poor value based on its PE Ratio (79.9x) compared to the Swedish market (20.1x).
Price to Earnings Growth Ratio
PEG Ratio: MIPS is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: MIPS is overvalued based on its PB Ratio (22.8x) compared to the SE Leisure industry average (2.8x).
How is MIPS forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MIPS's forecast earnings growth (29.9% per year) is above the savings rate (-0.4%).
Earnings vs Market: MIPS's earnings (29.9% per year) are forecast to grow faster than the Swedish market (8.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MIPS's revenue (27.1% per year) is forecast to grow faster than the Swedish market (4.7% per year).
High Growth Revenue: MIPS's revenue (27.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MIPS's Return on Equity is forecast to be very high in 3 years time (43.9%).
How has MIPS performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MIPS has a high level of non-cash earnings.
Growing Profit Margin: MIPS's current net profit margins (31.7%) are higher than last year (29.3%).
Past Earnings Growth Analysis
Earnings Trend: MIPS has become profitable over the past 5 years, growing earnings by 50.6% per year.
Accelerating Growth: MIPS's earnings growth over the past year (50.4%) is below its 5-year average (50.6% per year).
Earnings vs Industry: MIPS earnings growth over the past year (50.4%) exceeded the Leisure industry -5.6%.
Return on Equity
High ROE: MIPS's Return on Equity (28.5%) is considered high.
Return on Assets
Return on Capital Employed
How is MIPS's financial position?
Financial Position Analysis
Short Term Liabilities: MIPS's short term assets (SEK282.5M) exceed its short term liabilities (SEK43.2M).
Long Term Liabilities: MIPS's short term assets (SEK282.5M) exceed its long term liabilities (SEK1.5M).
Debt to Equity History and Analysis
Debt Level: MIPS is debt free.
Reducing Debt: MIPS has no debt compared to 5 years ago when its debt to equity ratio was 3.7%.
Debt Coverage: MIPS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MIPS has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: MIPS has a low level of unsold assets or inventory.
Debt Coverage by Assets: MIPS's debt is not covered by short term assets (assets are -40.5x debt).
What is MIPS's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase MIPS before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MIPS's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the Swedish market (1.56%).
High Dividend: MIPS's dividend (1.12%) is low compared to the top 25% of dividend payers in the Swedish market (4.14%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether MIPS's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if MIPS's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (89.5%), MIPS's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MIPS's dividends in 3 years are forecast to be covered by earnings (53.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Max Strandwitz (44yo)
Mr. Max Strandwitz has been Chief Executive Officer of MIPS AB (publ) since May 10, 2019 and also serves as its President. Mr. Strandwitz served as Chief Financial Officer of Operations at Cloetta AB and F ...
|CEO & President||0.8yrs||no data||0.28% SEK18.8m|
|Head of Operations||4.1yrs||no data||no data|
|Chief Science Officer||12.1yrs||no data||1.5% SEK101.5m|
|Head of Investor Relations||4.1yrs||no data||no data|
|Head of Marketing||2.6yrs||no data||no data|
|Head of Sales||2.1yrs||no data||no data|
|Head of Product Development||1.1yrs||no data||no data|
Experienced Management: MIPS's management team is considered experienced (2.3 years average tenure).
|Independent Director||4.1yrs||kr227.00k||0.64% SEK43.6m|
|Independent Director||2.1yrs||kr130.00k||no data|
|Chairman of the Board||0.8yrs||kr197.00k||no data|
|Independent Director||4.1yrs||kr167.00k||no data|
|Independent Director||10.1yrs||kr178.00k||no data|
Experienced Board: MIPS's board of directors are considered experienced (4.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MIPS AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: MIPS AB (publ)
- Ticker: MIPS
- Exchange: OM
- Founded: 2001
- Industry: Leisure Products
- Sector: Consumer Durables
- Market Cap: kr6.780b
- Shares outstanding: 25.30m
- Website: https://www.mipscorp.com
Number of Employees
- MIPS AB (publ)
- Källtorpsvägen 2
- Stockholm County
- 183 71
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|0RNQ||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||SEK||Mar 2017|
|MIPS||OM (OMX Nordic Exchange Stockholm)||Yes||Ordinary Shares||SE||SEK||Mar 2017|
|MPZA.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Mar 2017|
|7M1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Mar 2017|
|MIPSS||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||SEK||Mar 2017|
MIPS AB (publ) manufactures and sells helmets in Sweden, North America, rest of Europe, Asia, and Australia. It offers MIPS brain protection system for helmet solutions in the consumer market, bicycle, skiing and snowboard, motorcycle and motocross, equestrian, team sport, car racing, baseball, climbing, snowmobile, wakeboard/kiteboard, white-water rafting, canoeing, and horse riding helmets; and in the commercial market, including military, law enforcement, and search and rescue helmets. The company was founded in 2001 and is headquartered in Täby, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 23:20|
|End of Day Share Price||2020/02/19 00:00|
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.