Fortnox AB (publ)

OM:FNOX Stock Report

Mkt Cap: kr36.0b

Fortnox Management

Management criteria checks 3/4

Fortnox's CEO is Tommy Eklund, appointed in Jan 2020, has a tenure of 3.67 years. total yearly compensation is SEK8.80M, comprised of 36.4% salary and 63.6% bonuses, including company stock and options. directly owns 0.058% of the company’s shares, worth SEK20.56M. The average tenure of the management team and the board of directors is 3.7 years and 4.7 years respectively.

Key information

Tommy Eklund

Chief executive officer

kr8.8m

Total compensation

CEO salary percentage36.4%
CEO tenure3.7yrs
CEO ownership0.06%
Management average tenure3.7yrs
Board average tenure4.7yrs

Recent management updates

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?

CEO Compensation Analysis

How has Tommy Eklund's remuneration changed compared to Fortnox's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2023n/an/a

kr439m

Mar 31 2023n/an/a

kr386m

Dec 31 2022kr9mkr3m

kr347m

Sep 30 2022n/an/a

kr314m

Jun 30 2022n/an/a

kr282m

Mar 31 2022n/an/a

kr262m

Dec 31 2021kr7mkr3m

kr241m

Sep 30 2021n/an/a

kr232m

Jun 30 2021n/an/a

kr216m

Mar 31 2021n/an/a

kr210m

Dec 31 2020kr6mkr3m

kr205m

Compensation vs Market: Tommy's total compensation ($USD791.68K) is about average for companies of similar size in the Swedish market ($USD886.24K).

Compensation vs Earnings: Tommy's compensation has increased by more than 20% in the past year.

CEO

Tommy Eklund (47 yo)

3.7yrs

Tenure

kr8,800,000

Compensation

Mr. Tommy Eklund is the Chief Executive Officer and President at Fortnox AB since January 2020.

Leadership Team

NamePositionTenureCompensationOwnership
Tommy Eklund
CEO & President3.7yrskr8.80m0.058%
SEK 20.9m
Roger Hartelius
Deputy CEO & CFO3.7yrskr3.80m0.033%
SEK 12.0m
Johan Lundgren
COO & Business Area Manager2.7yrsno data0.033%
SEK 12.0m
Johan Swedenborg
Chief Marketing Officerno datano datano data
Karin Korpe
Head of Business Control13.7yrskr2.16mno data
Andreas Fridell
Chief Commercial Officerno datano datano data
Victoria Hubertsson
Chief Customer Officer9.7yrsno datano data
Johan Claesson
Customer Experience & Brand Managerno datano datano data
Anna Bergius
Business Area Managerno datano data0.00093%
SEK 335.1k
Ola Bergqvist
Business Area Manager Entrepreneurshipno datano data0.00030%
SEK 108.1k

3.7yrs

Average Tenure

47yo

Average Age

Experienced Management: FNOX's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Per Bertland
Independent Director2.7yrskr300.00k0.0034%
SEK 1.2m
Karl Hallrup
Chairman of the Board12.7yrskr700.00k18.82%
SEK 6.8b
Anna Frick
Independent Director7.7yrskr300.00k0.00013%
SEK 46.8k
Magnus Gudehn
Independent Director4.7yrskr300.00k0.0033%
SEK 1.2m
Lena Glader
Independent Director2.7yrskr400.00k0.00031%
SEK 111.7k

4.7yrs

Average Tenure

61yo

Average Age

Experienced Board: FNOX's board of directors are considered experienced (4.7 years average tenure).