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PaynovaNGM:PAY Stock Report

Market Cap







01 Dec, 2021


Company Financials
PAY fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health2/6

PAY Stock Overview

Paynova AB provides digital payment solutions for merchants in Sweden.

Price History & Performance

Summary of all time highs, changes and price drops for Paynova
Historical stock prices
Current Share Pricekr7.98
52 Week Highkr0
52 Week Lowkr0
1 Month Change-10.34%
3 Month Change-22.90%
1 Year Change-44.97%
3 Year Change-72.10%
5 Year Change-89.07%
Change since IPO-99.35%

Recent News & Updates

Shareholder Returns


Return vs Industry: PAY underperformed the Swedish IT industry which returned 46% over the past year.

Return vs Market: PAY underperformed the Swedish Market which returned 28% over the past year.

Price Volatility

Is PAY's price volatile compared to industry and market?
PAY volatility
PAY Average Weekly Movement6.0%
IT Industry Average Movement6.0%
Market Average Movement6.5%
10% most volatile stocks in SE Market11.8%
10% least volatile stocks in SE Market3.8%

Stable Share Price: PAY is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

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

About the Company

200037David Larsson

Paynova AB provides digital payment solutions for merchants in Sweden. It engages in the provision of consumer credit infrastructures, including invoicing, installments, and processing of card and direct bank payments. The company was founded in 2000 and is based in Stockholm, Sweden.

Paynova Fundamentals Summary

How do Paynova's earnings and revenue compare to its market cap?
PAY fundamental statistics
Market Capkr131.46m
Earnings (TTM)-kr50.45m
Revenue (TTM)kr42.14m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PAY income statement (TTM)
Cost of Revenuekr42.61m
Gross Profit-kr465.00k

Last Reported Earnings

Sep 30, 2021

Next Earnings Date


Earnings per share (EPS)-2.99
Gross Margin-1.10%
Net Profit Margin-119.71%
Debt/Equity Ratio171.9%

How did PAY perform over the long term?

See historical performance and comparison


Is Paynova 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 PAY's fair value to establish if it is undervalued.

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

Price To Earnings Ratio

PE vs Industry: PAY is unprofitable, so we can't compare its PE Ratio to the Swedish IT industry average.

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

Price to Book Ratio

PB vs Industry: PAY's PB Ratio (3.9x) is in line with the SE IT industry average.

Future Growth

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


Forecasted Software 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 Paynova 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.

Past Performance

How has Paynova performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PAY is currently unprofitable.

Growing Profit Margin: PAY is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: PAY is unprofitable, and losses have increased over the past 5 years at a rate of 19.9% per year.

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

Earnings vs Industry: PAY is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (17.6%).

Return on Equity

High ROE: PAY has a negative Return on Equity (-148.59%), as it is currently unprofitable.

Financial Health

How is Paynova's financial position?

Financial Position Analysis

Short Term Liabilities: PAY's short term assets (SEK124.7M) exceed its short term liabilities (SEK121.1M).

Long Term Liabilities: PAY's short term assets (SEK124.7M) exceed its long term liabilities (SEK29.7M).

Debt to Equity History and Analysis

Debt Level: PAY's net debt to equity ratio (92.4%) is considered high.

Reducing Debt: PAY's debt to equity ratio has increased from 81.1% to 171.9% over the past 5 years.

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: PAY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PAY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.6% each year


What is Paynova current dividend yield, its reliability and sustainability?

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if PAY'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 PAY'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 management tenure


David Larsson (48 yo)





Mr. David Larsson has been Vice President of Sales and Marketing at Paynova AB since 2017 and has been its CEO & Managing Director since 2020. Mr. Larsson served as Chief Operating Officer at Mekonomen AB...

CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD148.67K) is below average for companies of similar size in the Swedish market ($USD234.81K).

Compensation vs Earnings: Insufficient data to compare David's compensation with company performance.

Leadership Team

Experienced Management: PAY's management team is considered experienced (2.8 years average tenure).

Board Members

Experienced Board: PAY's board of directors are not considered experienced ( 1.1 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: PAY insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.1%.

Top Shareholders

Company Information

Paynova AB's employee growth, exchange listings and data sources

Key Information

  • Name: Paynova AB
  • Ticker: PAY
  • Exchange: NGM
  • Founded: 2000
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: kr131.457m
  • Shares outstanding: 16.90m
  • Website:

Number of Employees


  • Paynova AB
  • Söder Mälarstrand 65
  • Stockholm
  • Stockholm County
  • 118 25
  • Sweden


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 22:01
End of Day Share Price2021/12/01 00:00
Annual Earnings2020/12/31

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.