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FNOX

Fortnox OM:FNOX Stock Report

Last Price

kr55.66

Market Cap

kr33.9b

7D

-5.0%

1Y

21.4%

Updated

26 Sep, 2023

Data

Company Financials +

Fortnox AB (publ)

OM:FNOX Stock Report

Mkt Cap: kr33.9b

FNOX Stock Overview

Fortnox AB (publ) operates a cloud-based business platform for financial administration for small businesses, accounting firms, associations, and schools.

FNOX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth6/6
Past Performance6/6
Financial Health6/6
Dividends0/6

Rewards

Earnings are forecast to grow 28.78% per year
Earnings grew by 55.7% over the past year
Analysts in good agreement that stock price will rise by 34.7%

Risk Analysis

FNOX passed our risk checks.

Fortnox AB (publ) Competitors

Vitec Software Group

OM:VIT B

kr18.8b

Truecaller

OM:TRUE B

kr13.0b

Byggfakta Group Nordic HoldCo

OM:BFG

kr6.6b

Lime Technologies

OM:LIME

kr3.5b

Price History & Performance

Summary of all time highs, changes and price drops for Fortnox
Historical stock prices
Current Share Pricekr55.66
52 Week Highkr78.12
52 Week Lowkr39.56
Beta1.35
1 Month Change2.39%
3 Month Change-13.79%
1 Year Change21.36%
3 Year Change106.15%
5 Year Change590.57%
Change since IPO3,357.14%

Recent News & Updates

Is There Now An Opportunity In Fortnox AB (publ) (STO:FNOX)?

Sep 17
Is There Now An Opportunity In Fortnox AB (publ) (STO:FNOX)?

These 4 Measures Indicate That Fortnox (STO:FNOX) Is Using Debt Safely

Aug 20
These 4 Measures Indicate That Fortnox (STO:FNOX) Is Using Debt Safely

If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity

Aug 08
If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity

At kr65.50, Is It Time To Put Fortnox AB (publ) (STO:FNOX) On Your Watch List?

Jun 09
At kr65.50, Is It Time To Put Fortnox AB (publ) (STO:FNOX) On Your Watch List?

Recent updates

Is There Now An Opportunity In Fortnox AB (publ) (STO:FNOX)?

Sep 17
Is There Now An Opportunity In Fortnox AB (publ) (STO:FNOX)?

These 4 Measures Indicate That Fortnox (STO:FNOX) Is Using Debt Safely

Aug 20
These 4 Measures Indicate That Fortnox (STO:FNOX) Is Using Debt Safely

If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity

Aug 08
If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity

At kr65.50, Is It Time To Put Fortnox AB (publ) (STO:FNOX) On Your Watch List?

Jun 09
At kr65.50, Is It Time To Put Fortnox AB (publ) (STO:FNOX) On Your Watch List?

Fortnox (STO:FNOX) Has A Rock Solid Balance Sheet

May 12
Fortnox (STO:FNOX) Has A Rock Solid Balance Sheet

Do Fortnox's (STO:FNOX) Earnings Warrant Your Attention?

Apr 06
Do Fortnox's (STO:FNOX) Earnings Warrant Your Attention?

Is Fortnox (STO:FNOX) Using Too Much Debt?

Jan 18
Is Fortnox (STO:FNOX) Using Too Much Debt?

Here's Why We Think Fortnox (STO:FNOX) Might Deserve Your Attention Today

Dec 16
Here's Why We Think Fortnox (STO:FNOX) Might Deserve Your Attention Today

A Look At The Intrinsic Value Of Fortnox AB (publ) (STO:FNOX)

Dec 01
A Look At The Intrinsic Value Of Fortnox AB (publ) (STO:FNOX)

What Does Fortnox AB (publ)'s (STO:FNOX) Share Price Indicate?

Oct 31
What Does Fortnox AB (publ)'s (STO:FNOX) Share Price Indicate?

Fortnox (STO:FNOX) Seems To Use Debt Rather Sparingly

Oct 16
Fortnox (STO:FNOX) Seems To Use Debt Rather Sparingly

If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity

Sep 12
If EPS Growth Is Important To You, Fortnox (STO:FNOX) Presents An Opportunity

Fortnox AB (publ) (STO:FNOX) Shares Could Be 26% Below Their Intrinsic Value Estimate

Aug 25
Fortnox AB (publ) (STO:FNOX) Shares Could Be 26% Below Their Intrinsic Value Estimate

Is Fortnox AB (publ) (STO:FNOX) Potentially Undervalued?

Jul 20
Is Fortnox AB (publ) (STO:FNOX) Potentially Undervalued?

Fortnox (STO:FNOX) Could Easily Take On More Debt

Jul 02
Fortnox (STO:FNOX) Could Easily Take On More Debt

Is There An Opportunity With Fortnox AB (publ)'s (STO:FNOX) 20% Undervaluation?

May 26
Is There An Opportunity With Fortnox AB (publ)'s (STO:FNOX) 20% Undervaluation?

Here's Why I Think Fortnox (STO:FNOX) Is An Interesting Stock

May 04
Here's Why I Think Fortnox (STO:FNOX) Is An Interesting Stock

At kr58.79, Is Fortnox AB (publ) (STO:FNOX) Worth Looking At Closely?

Apr 16
At kr58.79, Is Fortnox AB (publ) (STO:FNOX) Worth Looking At Closely?

Estimating The Fair Value Of Fortnox AB (publ) (NGM:FNOX)

Jan 13
Estimating The Fair Value Of Fortnox AB (publ) (NGM:FNOX)

Here's Why I Think Fortnox (NGM:FNOX) Might Deserve Your Attention Today

Dec 21
Here's Why I Think Fortnox (NGM:FNOX) Might Deserve Your Attention Today

I Ran A Stock Scan For Earnings Growth And Fortnox (NGM:FNOX) Passed With Ease

Sep 16
I Ran A Stock Scan For Earnings Growth And Fortnox (NGM:FNOX) Passed With Ease

When Should You Buy Fortnox AB (NGM:FNOX)?

Jul 22
When Should You Buy Fortnox AB (NGM:FNOX)?

Is Fortnox AB (NGM:FNOX) Worth kr390 Based On Its Intrinsic Value?

Jun 10
Is Fortnox AB (NGM:FNOX) Worth kr390 Based On Its Intrinsic Value?

Does Fortnox (NGM:FNOX) Deserve A Spot On Your Watchlist?

May 20
Does Fortnox (NGM:FNOX) Deserve A Spot On Your Watchlist?

Fortnox's (NGM:FNOX) Earnings Are Growing But Is There More To The Story?

Feb 18
Fortnox's (NGM:FNOX) Earnings Are Growing But Is There More To The Story?

Should We Be Excited About The Trends Of Returns At Fortnox (NGM:FNOX)?

Jan 28
Should We Be Excited About The Trends Of Returns At Fortnox (NGM:FNOX)?

Is Fortnox AB's(NGM:FNOX) Recent Stock Performance Tethered To Its Strong Fundamentals?

Jan 08
Is Fortnox AB's(NGM:FNOX) Recent Stock Performance Tethered To Its Strong Fundamentals?

Here's Why I Think Fortnox (NGM:FNOX) Is An Interesting Stock

Dec 17
Here's Why I Think Fortnox (NGM:FNOX) Is An Interesting Stock

What Kind Of Shareholders Hold The Majority In Fortnox AB's (NGM:FNOX) Shares?

Nov 29
What Kind Of Shareholders Hold The Majority In Fortnox AB's (NGM:FNOX) Shares?

Shareholder Returns

FNOXSE SoftwareSE Market
7D-5.0%-0.2%-1.3%
1Y21.4%5.9%11.1%

Return vs Industry: FNOX exceeded the Swedish Software industry which returned 5.9% over the past year.

Return vs Market: FNOX exceeded the Swedish Market which returned 11.1% over the past year.

Price Volatility

Is FNOX's price volatile compared to industry and market?
FNOX volatility
FNOX Average Weekly Movement5.0%
Software Industry Average Movement7.6%
Market Average Movement6.1%
10% most volatile stocks in SE Market11.8%
10% least volatile stocks in SE Market3.4%

Stable Share Price: FNOX is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FNOX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993737Tommy Eklundhttps://www.fortnox.se

Fortnox AB (publ) operates a cloud-based business platform for financial administration for small businesses, accounting firms, associations, and schools. It offers industry solutions for bookkeeping, billing, quotation and order, salary, stock, time reporting, and receipt and travel. It also offers invoicing software and payroll program.

Fortnox AB (publ) Fundamentals Summary

How do Fortnox's earnings and revenue compare to its market cap?
FNOX fundamental statistics
Market Capkr33.94b
Earnings (TTM)kr438.80m
Revenue (TTM)kr1.46b

77.3x

P/E Ratio

23.2x

P/S Ratio

Is FNOX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FNOX income statement (TTM)
Revenuekr1.46b
Cost of Revenuekr548.80m
Gross Profitkr915.90m
Other Expenseskr477.10m
Earningskr438.80m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

Oct 27, 2023

Earnings per share (EPS)0.72
Gross Margin62.53%
Net Profit Margin29.96%
Debt/Equity Ratio7.0%

How did FNOX perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

17%

Payout Ratio