Fortnox Future Growth

Future criteria checks 6/6

Fortnox is forecasted to grow earnings and revenue by 29.1% and 23% per annum respectively. EPS is expected to grow by 29.1%. Return on equity is forecast to be 36.7% in 3 years.

Key information

29.1%

Earnings growth rate

29.1%

EPS growth rate

Software earnings growth	49.3%
Revenue growth rate	23.0%
Future return on equity	36.7%
Analyst coverage	Low
Last updated	09 Jun 2023

Recent future growth updates

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

Jun 09

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

Dec 01

Recent updates

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

Aug 25

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

Jul 20

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

Jul 02

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

May 26

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

May 04

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

Apr 16

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

Jan 13

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

Dec 21

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

Sep 16

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

Jul 22

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

Jun 10

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

May 20

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

Feb 18

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

Jan 28

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

Jan 08

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

Dec 17

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

Nov 29

Earnings and Revenue Growth Forecasts

OM:FNOX - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	2,858	1,003	1,082	1,280	2
12/31/2024	2,276	762	766	978	2
12/31/2023	1,722	535	522	710	3
3/31/2020	579	151	122	173	N/A
12/31/2019	532	135	149	196	N/A
9/30/2019	491	122	118	157	N/A
6/30/2019	454	104	124	160	N/A
3/31/2019	420	90	93	129	N/A
12/31/2018	374	78	81	115	N/A
9/30/2018	364	65	61	97	N/A
6/30/2018	337	58	57	94	N/A
3/31/2018	311	51	40	79	N/A
12/31/2017	290	49	53	92	N/A
9/30/2017	265	49	41	77	N/A
6/30/2017	243	44	24	56	N/A
3/31/2017	226	40	40	68	N/A
12/31/2016	203	33	N/A	49	N/A
9/30/2016	189	30	N/A	53	N/A
6/30/2016	172	24	N/A	65	N/A
3/31/2016	156	22	N/A	53	N/A
12/31/2015	145	19	N/A	54	N/A
9/30/2015	132	14	N/A	39	N/A
6/30/2015	123	13	N/A	33	N/A
3/31/2015	114	12	N/A	24	N/A
12/31/2014	105	12	N/A	23	N/A
9/30/2014	96	11	N/A	23	N/A
6/30/2014	88	7	N/A	20	N/A
3/31/2014	82	6	N/A	18	N/A
12/31/2013	77	4	N/A	18	N/A
9/30/2013	73	6	N/A	16	N/A
6/30/2013	69	6	N/A	15	N/A
3/31/2013	62	5	N/A	19	N/A
12/31/2012	58	5	N/A	9	N/A
9/30/2012	53	4	N/A	8	N/A
6/30/2012	50	4	N/A	8	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNOX's forecast earnings growth (29.1% per year) is above the savings rate (0.6%).

Earnings vs Market: FNOX's earnings (29.1% per year) are forecast to grow faster than the Swedish market (15.4% per year).

High Growth Earnings: FNOX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FNOX's revenue (23% per year) is forecast to grow faster than the Swedish market (5.5% per year).

High Growth Revenue: FNOX's revenue (23% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FNOX's Return on Equity is forecast to be high in 3 years time (36.7%)

Discover growth companies

High growth companies in the Software industry.

Fortnox Future Growth

Future criteria checks 6/6

Key information

Recent future growth updates

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

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target increased by 7.3% to kr73.75

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Price target decreased to kr61.75

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

Recent updates

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

Deputy CEO & CFO recently bought kr90k worth of stock

First quarter 2023 earnings: EPS and revenues miss analyst expectations

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

Price target increased by 7.3% to kr73.75

Upcoming dividend of kr0.12 per share at 0.2% yield

Director recently sold kr1.9m worth of stock

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

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

Price target decreased to kr61.75

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)

No independent directors

Fortnox AB (publ) (OM:FNOX) acquired 51% stake in Cling Group AB.

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

Fortnox AB (publ) to Report Q3, 2022 Results on Oct 26, 2022

Now 21% undervalued after recent price drop

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

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

Now 24% undervalued

Second quarter 2022 earnings released: EPS: kr0.12 (vs kr0.089 in 2Q 2021)

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

Now 20% undervalued after recent price drop

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

Now 20% undervalued after recent price drop

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

Now 20% undervalued

Now 26% undervalued after recent price drop

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

First quarter 2022 earnings: EPS misses analyst expectations

No independent directors

Fortnox AB (publ)(OM:FNOX) dropped from NASDAQ Composite Index

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

Upcoming dividend of kr0.08 per share

Full year 2021 earnings: EPS misses analyst expectations

Now 22% undervalued after recent price drop

Fortnox AB Ordinary Shares to Be Deleted from Other OTC

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

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

Price target increased to kr613

Third quarter 2021 earnings released: EPS kr1.30 (vs kr1.06 in 3Q 2020)

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

Second quarter 2021 earnings released: EPS kr0.89 (vs kr0.80 in 2Q 2020)

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

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

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

First quarter 2021 earnings released: EPS kr0.76 (vs kr0.69 in 1Q 2020)

Upcoming Dividend of kr0.75 Per Share

Full year 2020 earnings released

Earnings beat expectations, revenue disappoints

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

Fortnox AB (NGM:FNOX) agreed to acquire Offerta Group AB for SEK 300 million.

New 90-day high: kr474

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?

New 90-day high: kr406

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?

New 90-day high: kr345

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

New 90-day high: kr302

Earnings released

New 90-day high - kr291

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts