Stock Analysis Report

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Executive Summary

FX International AB (publ) engages in the algorithm-based currency trading operations. More Details

Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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

Latest Share Price and Events

Stable Share Price: FXI is more volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: FXI's weekly volatility has decreased from 22% to 12% over the past year, but is still higher than 75% of Swedish stocks.

Market Performance

7 Day Return




SE Capital Markets


SE Market

1 Year Return




SE Capital Markets


SE Market

Return vs Industry: FXI underperformed the Swedish Capital Markets industry which returned 67.9% over the past year.

Return vs Market: FXI underperformed the Swedish Market which returned 15.4% over the past year.

Shareholder returns

7 Day1.4%-3.9%-0.4%
30 Day5.0%8.8%4.0%
90 Day-38.3%11.8%7.8%
1 Year-86.2%-86.2%63.6%61.4%16.4%13.3%
3 Year-82.7%-82.7%99.1%83.6%45.2%27.9%
5 Year-87.8%-90.1%156.3%116.7%85.8%46.5%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


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


Price to Book (PB) ratio

Share Price vs. Fair Value

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

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

Price To Earnings Ratio

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

PE vs Market: FXI 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 FXI's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: FXI is good value based on its PB Ratio (0.8x) compared to the SE Capital Markets industry average (1.3x).

Next Steps

Future Growth

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


Forecasted Diversified Financials 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 FX International 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 FX International performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FXI is currently unprofitable.

Growing Profit Margin: FXI is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: FXI is unprofitable, and losses have increased over the past 5 years at a rate of 34.6% per year.

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

Earnings vs Industry: FXI is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (106.2%).

Return on Equity

High ROE: FXI has a negative Return on Equity (-28.11%), as it is currently unprofitable.

Next Steps

Financial Health

How is FX International's financial position?

Financial Position Analysis

Short Term Liabilities: FXI's short term assets (SEK8.7M) exceed its short term liabilities (SEK958.0K).

Long Term Liabilities: FXI's short term assets (SEK8.7M) do not cover its long term liabilities (SEK-1,000.0).

Debt to Equity History and Analysis

Debt Level: FXI is debt free.

Reducing Debt: FXI has no debt compared to 5 years ago when its debt to equity ratio was 346.9%.

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: FXI has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: FXI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26.9% each year

Next Steps


What is FX International current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if FXI'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 FXI's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.

Next Steps


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


Average board tenure


Sofie Danielsson



Ms. Sofie Danielsson has been Chief Executive Officer at FX International AB (Publ) since July 21, 2020. Ms. Danielsson has extensive experience in Corporate Finance and business development. Since 2013, s...

Board Members

Michal Kliman
Directorno datano data3.37%
SEK 791.7k
Marten Alden
Directorno datano datano data
Par Broome
Chairman0.25yrno datano data
Henrik Ibsen
Director0.25yrno datano data
Martin Wiberg
Director0.25yrno datano data


Average Tenure

Experienced Board: FXI's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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.

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 62.7%.

Top Shareholders

Company Information

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

Key Information

  • Name: FX International AB (publ)
  • Ticker: FXI
  • Exchange: NGM
  • Founded:
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: kr23.470m
  • Shares outstanding: 33.06m
  • Website:

Number of Employees


  • FX International AB (publ)
  • Derbyvägen 6E
  • Malmö
  • Skåne County
  • 212 35
  • Sweden


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FXINGM (Nordic Growth Market)YesShare CapitalSESEKApr 2011


FX International AB (publ) engages in the algorithm-based currency trading operations. It offers Genova FX, a trading platform, which performs algorithmic trade based on statistical analysis optimized with...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 20:36
End of Day Share Price2021/01/15 00:00
Annual Earnings2020/06/30

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.