Fortnox AB (publ)

OM:FNOX Stock Report

Market Cap: SEK 44.4b

Fortnox Future Growth

Future criteria checks 5/6

Fortnox is forecast to grow earnings and revenue by 22.8% and 18.7% per annum respectively. EPS is expected to grow by 24.8% per annum. Return on equity is forecast to be 31.8% in 3 years.

Key information

22.8%

Earnings growth rate

24.8%

EPS growth rate

Software earnings growth36.5%
Revenue growth rate18.7%
Future return on equity31.8%
Analyst coverage

Good

Last updated19 Dec 2024

Recent future growth updates

Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Third-Quarter Report

Oct 27
Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Third-Quarter Report

Fortnox AB (publ) Just Beat EPS By 10%: Here's What Analysts Think Will Happen Next

Feb 18
Fortnox AB (publ) Just Beat EPS By 10%: Here's What Analysts Think Will Happen Next

Recent updates

Fortnox AB (publ)'s (STO:FNOX) Shares May Have Run Too Fast Too Soon

Dec 16
Fortnox AB (publ)'s (STO:FNOX) Shares May Have Run Too Fast Too Soon

Is It Too Late To Consider Buying Fortnox AB (publ) (STO:FNOX)?

Nov 14
Is It Too Late To Consider Buying Fortnox AB (publ) (STO:FNOX)?

Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Third-Quarter Report

Oct 27
Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Third-Quarter Report

Fortnox AB (publ)'s (STO:FNOX) Earnings Haven't Escaped The Attention Of Investors

Jun 12
Fortnox AB (publ)'s (STO:FNOX) Earnings Haven't Escaped The Attention Of Investors

Fortnox AB (publ) (STO:FNOX) Shares Could Be 27% Above Their Intrinsic Value Estimate

Apr 09
Fortnox AB (publ) (STO:FNOX) Shares Could Be 27% Above Their Intrinsic Value Estimate

Fortnox (STO:FNOX) Might Be Having Difficulty Using Its Capital Effectively

Mar 08
Fortnox (STO:FNOX) Might Be Having Difficulty Using Its Capital Effectively

Earnings Tell The Story For Fortnox AB (publ) (STO:FNOX) As Its Stock Soars 37%

Feb 19
Earnings Tell The Story For Fortnox AB (publ) (STO:FNOX) As Its Stock Soars 37%

Fortnox AB (publ) Just Beat EPS By 10%: Here's What Analysts Think Will Happen Next

Feb 18
Fortnox AB (publ) Just Beat EPS By 10%: Here's What Analysts Think Will Happen Next

With Fortnox AB (publ) (STO:FNOX) It Looks Like You'll Get What You Pay For

Jan 05
With Fortnox AB (publ) (STO:FNOX) It Looks Like You'll Get What You Pay For

When Should You Buy Fortnox AB (publ) (STO:FNOX)?

Dec 21
When Should You Buy Fortnox AB (publ) (STO:FNOX)?

Is Fortnox (STO:FNOX) A Risky Investment?

Nov 23
Is Fortnox (STO:FNOX) A Risky Investment?

Is Now The Time To Put Fortnox (STO:FNOX) On Your Watchlist?

Nov 09
Is Now The Time To Put Fortnox (STO:FNOX) On Your Watchlist?

Calculating The Intrinsic Value Of Fortnox AB (publ) (STO:FNOX)

Oct 27
Calculating The Intrinsic Value Of Fortnox AB (publ) (STO:FNOX)

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?

Earnings and Revenue Growth Forecasts

OM:FNOX - Analysts future estimates and past financials data (SEK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20263,0601,1571,0341,3447
12/31/20252,4919018071,0748
12/31/20242,0526895858368
9/30/20241,955690609820N/A
6/30/20241,849650398598N/A
3/31/20241,739613368546N/A
12/31/20231,642570480646N/A
9/30/20231,548476364525N/A
6/30/20231,465439424581N/A
3/31/20231,368386341492N/A
12/31/20221,276347302441N/A
9/30/20221,186315270400N/A
6/30/20221,089282260386N/A
3/31/20221,011262207320N/A
12/31/2021932241216316N/A
9/30/2021853232241333N/A
6/30/2021792216180280N/A
3/31/2021732210242342N/A
12/31/2020694205178274N/A
9/30/2020659188169258N/A
6/30/2020621168162228N/A
3/31/2020579151122173N/A
12/31/2019532135149196N/A
9/30/2019491122118157N/A
6/30/2019454104124160N/A
3/31/20194209093129N/A
12/31/20183747881115N/A
9/30/2018364656197N/A
6/30/201833758N/A94N/A
3/31/201831151N/A79N/A
12/31/201729049N/A92N/A
9/30/201726549N/A77N/A
6/30/201724344N/A56N/A
3/31/201722640N/A68N/A
12/31/201620333N/A49N/A
9/30/201618930N/A53N/A
6/30/201617224N/A65N/A
3/31/201615622N/A53N/A
12/31/201514519N/A54N/A
9/30/201513214N/A39N/A
6/30/201512313N/A33N/A
3/31/201511412N/A24N/A
12/31/201410512N/A23N/A
9/30/20149611N/A23N/A
6/30/2014887N/A20N/A
3/31/2014826N/A18N/A
12/31/2013774N/A18N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNOX's forecast earnings growth (22.8% per year) is above the savings rate (1.2%).

Earnings vs Market: FNOX's earnings (22.8% per year) are forecast to grow faster than the Swedish market (14.7% per year).

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

Revenue vs Market: FNOX's revenue (18.7% per year) is forecast to grow faster than the Swedish market (1.3% per year).

High Growth Revenue: FNOX's revenue (18.7% per year) is forecast to grow slower 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 (31.8%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:12
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fortnox AB (publ) is covered by 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Simon GranathABG Sundal Collier Sponsored
Victor ChengBofA Global Research
Frederic Emile BoulanBofA Global Research