Formpipe Software
Formpipe Software AB (publ), a software company, develops and provides enterprise content management (ECM) software and solutions in Nordic region, the United Kingdom, rest of Europe, North America, and internationally. The last earnings update was 5 days ago. More info.
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FPIP Share Price and Events
7 Day Returns
1 Year Returns
FPIP Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Formpipe Software (FPIP) | -2.5% | 4.3% | -7.8% | 2.6% | 154.1% | 249.6% |
| SE Software | 1% | -2.7% | 8.8% | 9.7% | 57.5% | 126.6% |
| SE Market | 0.2% | 2.3% | 1.3% | 6.7% | 15.7% | 21.6% |
1 Year Return vs Industry and Market
- FPIP underperformed the Software industry which returned 9.7% over the past year.
- FPIP underperformed the Market in Sweden which returned 6.7% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Formpipe Software
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Formpipe Software.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 2 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 6.9% |
| Perpetual Growth Rate | 10-Year SE Government Bond Rate | 0.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year SE Govt Bond Rate | 0.4% |
| Equity Risk Premium | S&P Global | 6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.12 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.119 (1 + (1- 22%) (0%)) |
1.08 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.08 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.08 * 5.96%) |
6.87% |
Discounted Cash Flow Calculation for OM:FPIP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Formpipe Software is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (SEK, Millions) | Source |
Present Value Discounted (@ 6.87%) |
|
|---|---|---|---|
| 2020 | 60.50 | Analyst x2 | 56.61 |
| 2021 | 63.00 | Analyst x2 | 55.16 |
| 2022 | 64.87 | Est @ 2.97% | 53.15 |
| 2023 | 66.30 | Est @ 2.21% | 50.83 |
| 2024 | 67.41 | Est @ 1.67% | 48.36 |
| 2025 | 68.29 | Est @ 1.3% | 45.84 |
| 2026 | 69.00 | Est @ 1.04% | 43.34 |
| 2027 | 69.59 | Est @ 0.86% | 40.90 |
| 2028 | 70.10 | Est @ 0.73% | 38.55 |
| 2029 | 70.55 | Est @ 0.64% | 36.31 |
| Present value of next 10 years cash flows | SEK469.05 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= SEK70.55 × (1 + 0.43%) ÷ (6.87% – 0.43%) |
SEK1,101.20 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= SEK1,101.20 ÷ (1 + 6.87%)10 |
SEK566.69 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= SEK469.05 + SEK566.69 |
SEK1,035.74 |
| Equity Value per Share (SEK) |
= Total value / Shares Outstanding
= SEK1,035.74 / 53.17 |
SEK19.48 |
| Calculation | Result | |
|---|---|---|
| Value per share (SEK) | From above. | SEK19.48 |
| Current discount | Discount to share price of
SEK21.85
= -1 x (SEK21.85 - SEK19.48) / SEK19.48 |
-12.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Formpipe Software is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Formpipe Software's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Formpipe Software's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-06-30) in SEK | SEK0.71 |
| OM:FPIP Share Price ** | OM (2019-07-17) in SEK | SEK21.85 |
| Sweden Software Industry PE Ratio | Median Figure of 8 Publicly-Listed Software Companies | 34.95x |
| Sweden Market PE Ratio | Median Figure of 325 Publicly-Listed Companies | 16.4x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Formpipe Software.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OM:FPIP Share Price ÷ EPS (both in SEK) = 21.85 ÷ 0.71 |
30.79x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Formpipe Software is good value based on earnings compared to the SE Software industry average.
- Formpipe Software is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does
Formpipe Software's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 30.79x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
15.7%per year |
| Sweden Software Industry PEG Ratio | Median Figure of 7 Publicly-Listed Software Companies | 2.03x |
| Sweden Market PEG Ratio | Median Figure of 233 Publicly-Listed Companies | 1.31x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 30.79x ÷ 15.7% |
1.96x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Formpipe Software is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Formpipe Software's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-06-30) in SEK | SEK7.21 |
| OM:FPIP Share Price * | OM (2019-07-17) in SEK | SEK21.85 |
| Sweden Software Industry PB Ratio | Median Figure of 25 Publicly-Listed Software Companies | 4.79x |
| Sweden Market PB Ratio | Median Figure of 572 Publicly-Listed Companies | 2.58x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OM:FPIP Share Price ÷ Book Value per Share (both in SEK) = 21.85 ÷ 7.21 |
3.03x |
* Primary Listing of Formpipe Software.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Formpipe Software is good value based on assets compared to the SE Software industry average.
Value checks
We assess Formpipe Software's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) Formpipe Software has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Formpipe Software's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
- Formpipe Software's earnings growth is expected to exceed the Sweden market average.
- Formpipe Software's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| OM:FPIP Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 15.7% |
| OM:FPIP Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 3.9% |
| Sweden Software Industry Earnings Growth Rate | Market Cap Weighted Average | 22.3% |
| Sweden Software Industry Revenue Growth Rate | Market Cap Weighted Average | 12.2% |
| Sweden Market Earnings Growth Rate | Market Cap Weighted Average | 8.2% |
| Sweden Market Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 weeks ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 457 | 1 | ||
| 2021-12-31 | 439 | 112 | 53 | 2 |
| 2020-12-31 | 418 | 110 | 46 | 2 |
| 2019-12-31 | 402 | 91 | 38 | 2 |
| Date (Data in SEK Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-06-30 | 404 | 75 | 37 |
| 2019-03-31 | 402 | 89 | 36 |
| 2018-12-31 | 406 | 121 | 40 |
| 2018-09-30 | 407 | 122 | 38 |
| 2018-06-30 | 400 | 119 | 34 |
| 2018-03-31 | 397 | 101 | 32 |
| 2017-12-31 | 390 | 95 | 25 |
| 2017-09-30 | 386 | 78 | 26 |
| 2017-06-30 | 382 | 71 | 25 |
| 2017-03-31 | 386 | 70 | 21 |
| 2016-12-31 | 379 | 70 | 19 |
| 2016-09-30 | 365 | 60 | 12 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 weeks ago) | See Below |
| Future Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
All data from Formpipe Software Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 1.09 | 1.09 | 1.09 | 1.00 |
| 2021-12-31 | 1.00 | 1.06 | 0.94 | 2.00 |
| 2020-12-31 | 0.87 | 0.91 | 0.83 | 2.00 |
| 2019-12-31 | 0.72 | 0.74 | 0.70 | 2.00 |
| Date (Data in SEK Millions) | EPS * |
|---|---|
| 2019-06-30 | 0.71 |
| 2019-03-31 | 0.69 |
| 2018-12-31 | 0.76 |
| 2018-09-30 | 0.72 |
| 2018-06-30 | 0.66 |
| 2018-03-31 | 0.62 |
| 2017-12-31 | 0.48 |
| 2017-09-30 | 0.50 |
| 2017-06-30 | 0.48 |
| 2017-03-31 | 0.42 |
| 2016-12-31 | 0.38 |
| 2016-09-30 | 0.24 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Formpipe Software's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Formpipe Software has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Formpipe Software performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Formpipe Software has delivered over 20% year on year earnings growth in the past 5 years.
- Formpipe Software's 1-year earnings growth is less than its 5-year average (9.1% vs 33%)
- Formpipe Software's earnings growth has exceeded the SE Software industry average in the past year (9.1% vs 6.7%).
Earnings and Revenue History
All data from Formpipe Software Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in SEK Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-06-30 | 403.50 | 37.39 | 51.44 | |
| 2019-03-31 | 402.03 | 36.28 | 52.16 | |
| 2018-12-31 | 406.41 | 39.89 | 50.94 | |
| 2018-09-30 | 407.32 | 37.84 | 56.93 | |
| 2018-06-30 | 399.68 | 34.28 | 56.50 | |
| 2018-03-31 | 396.73 | 32.08 | 58.06 | |
| 2017-12-31 | 390.24 | 24.83 | 61.04 | |
| 2017-09-30 | 386.48 | 25.80 | 55.79 | |
| 2017-06-30 | 381.70 | 24.54 | 54.35 | |
| 2017-03-31 | 386.17 | 21.25 | 53.18 | |
| 2016-12-31 | 378.72 | 19.44 | 52.44 | |
| 2016-09-30 | 365.19 | 11.88 | 52.19 | |
| 2016-06-30 | 365.43 | 8.51 | 53.24 | |
| 2016-03-31 | 352.28 | 7.65 | 51.23 | |
| 2015-12-31 | 349.29 | 8.75 | 48.41 | |
| 2015-09-30 | 317.95 | 5.55 | 31.97 | |
| 2015-06-30 | 316.37 | 6.00 | 32.83 | |
| 2015-03-31 | 312.24 | 7.71 | 33.08 | |
| 2014-12-31 | 306.95 | 8.32 | 33.36 | |
| 2014-09-30 | 329.21 | 15.70 | 45.42 | |
| 2014-06-30 | 317.63 | 18.02 | 38.81 | |
| 2014-03-31 | 305.93 | 17.05 | 33.35 | |
| 2013-12-31 | 294.13 | 14.71 | 29.90 | |
| 2013-09-30 | 297.37 | 15.14 | 29.26 | |
| 2013-06-30 | 283.70 | 12.10 | 27.83 | |
| 2013-03-31 | 240.23 | 11.64 | 23.26 | |
| 2012-12-31 | 201.16 | 13.62 | 20.43 | |
| 2012-09-30 | 148.31 | 9.70 | 16.93 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Formpipe Software has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Formpipe Software used its assets less efficiently than the SE Software industry average last year based on Return on Assets.
- Formpipe Software has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Formpipe Software's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Formpipe Software has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Formpipe Software's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Formpipe Software's finances.
The net worth of a company is the difference between its assets and liabilities.
- Formpipe Software's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Formpipe Software's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Formpipe Software has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Formpipe Software Company Filings, last reported 2 weeks ago.
| Date (Data in SEK Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-06-30 | 383.14 | 0.00 | 16.75 |
| 2019-03-31 | 402.41 | 0.00 | 95.44 |
| 2018-12-31 | 391.02 | 76.88 | 123.78 |
| 2018-09-30 | 379.86 | 90.72 | 79.14 |
| 2018-06-30 | 373.49 | 96.55 | 73.70 |
| 2018-03-31 | 386.76 | 96.70 | 90.02 |
| 2017-12-31 | 365.13 | 91.45 | 82.66 |
| 2017-09-30 | 347.66 | 103.38 | 36.39 |
| 2017-06-30 | 344.59 | 105.88 | 35.11 |
| 2017-03-31 | 350.72 | 112.45 | 60.44 |
| 2016-12-31 | 348.96 | 105.48 | 60.89 |
| 2016-09-30 | 338.77 | 126.34 | 27.19 |
| 2016-06-30 | 332.47 | 126.58 | 30.38 |
| 2016-03-31 | 320.36 | 124.60 | 36.66 |
| 2015-12-31 | 318.49 | 116.75 | 37.67 |
| 2015-09-30 | 319.02 | 0.00 | 15.62 |
| 2015-06-30 | 313.81 | 0.00 | 18.52 |
| 2015-03-31 | 311.32 | 0.00 | 23.96 |
| 2014-12-31 | 310.28 | 140.91 | 26.04 |
| 2014-09-30 | 290.51 | 171.71 | 6.85 |
| 2014-06-30 | 279.76 | 150.21 | 18.47 |
| 2014-03-31 | 269.90 | 149.16 | 20.43 |
| 2013-12-31 | 266.85 | 159.00 | 20.27 |
| 2013-09-30 | 251.23 | 154.29 | 5.87 |
| 2013-06-30 | 248.41 | 160.05 | 4.47 |
| 2013-03-31 | 235.61 | 159.88 | 9.80 |
| 2012-12-31 | 241.76 | 178.63 | 3.64 |
| 2012-09-30 | 228.34 | 190.64 | 8.25 |
- Formpipe Software has no debt.
- Formpipe Software has no debt compared to 5 years ago when it was 53.8%.
- Formpipe Software has no debt, it does not need to be covered by operating cash flow.
- Formpipe Software has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Formpipe Software's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Formpipe Software has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Formpipe Software's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
SEK2,000 of
Formpipe Software
shares you are expected to receive
SEK55
in your first year as a dividend.
Dividend Amount
- Formpipe Software's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.87%).
- Formpipe Software's dividend is below the markets top 25% of dividend payers in Sweden (4.36%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 2 Analyst Estimates (S&P Global) | See Below |
| Sweden Software Industry Average Dividend Yield | Market Cap Weighted Average of 6 Stocks | 1.7% |
| Sweden Market Average Dividend Yield | Market Cap Weighted Average of 244 Stocks | 3.5% |
| Sweden Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Sweden Bottom 25% Dividend Yield | 25th Percentile | 1.9% |
| Sweden Top 25% Dividend Yield | 75th Percentile | 4.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in SEK) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | 0.65 | 2.00 |
| 2020-12-31 | 0.70 | 2.00 |
| 2019-12-31 | 0.70 | 1.00 |
| Date (Data in SEK) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-04 | 0.600 | 2.788 |
| 2019-02-12 | 0.600 | 2.609 |
| 2018-03-01 | 0.500 | 2.750 |
| 2018-02-14 | 0.500 | 3.795 |
| 2017-03-23 | 0.300 | 2.148 |
| 2016-03-21 | 0.100 | 1.079 |
| 2013-10-25 | 0.000 | 0.000 |
| 2013-07-16 | 0.000 | 0.000 |
| 2013-05-03 | 0.000 | 0.000 |
| 2013-04-04 | 0.000 | 0.000 |
| 2013-02-28 | 0.000 | 0.000 |
| 2012-03-27 | 0.600 | 10.272 |
| 2011-02-21 | 0.500 | 3.354 |
| 2011-01-31 | 0.500 | 3.433 |
| 2010-03-02 | 0.500 | 3.030 |
| 2010-02-01 | 0.500 | 2.298 |
| 2009-04-21 | 0.000 | 0.000 |
| 2009-01-30 | 0.000 | 0.000 |
| 2008-11-11 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Formpipe Software has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Formpipe Software only paid a dividend in the past 9 years.
Income/ dividend checks
We assess Formpipe Software's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Formpipe Software afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Formpipe Software has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | SEK3,589,000 |
| AGE | 48 |
| TENURE AS CEO | 12.5 years |
CEO Bio
Mr. Christian Sundin, B.Sc. (Economics) has been the Chief Executive Officer at FormPipe Software AB since 2007 and also serves as its President and had been its Country Manager until 2019. Mr. Sundin serves as Chief Executive Officer and President at Formpipe Software A/S.
CEO Compensation
- Christian's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
- Christian's remuneration is higher than average for companies of similar size in Sweden.
Management Team Tenure
Average tenure and age of the Formpipe Software management team in years:
- The average tenure for the Formpipe Software management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Christian Sundin
CEO & President
SEK4M
48
12.5 yrs
Joakim Alfredsson
Group Chief Financial Officer
44
12.5 yrs
Mats Persson
Chief Technology Officer
0.5 yrs
Lina Elo
Director of Human Resources
45
Anders Eriksen
Denmark Head of BA Customer Communication Management
Erik Lindberg
Director of Business Development
49
2.3 yrs
Gustav Kinnander
Group Financial Controller of Sweden
Board of Directors Tenure
Average tenure and age of the Formpipe Software board of directors in years:
- The average tenure for the Formpipe Software board of directors is less than 3 years, this suggests a new board.
Board of Directors
Bo Nordlander
Chairman
SEK350K
63
6.5 yrs
Martin Henricson
Director
SEK175K
58
3.5 yrs
Peter Lindstrom
Director
SEK175K
49
3.5 yrs
Annikki Schaeferdiek
Director
SEK175K
50
2.3 yrs
Asa Ericsson
Director
SEK175K
54
2.3 yrs
Erik Syren
Director
41
0.3 yrs
Erik Syrén
Director
41
0.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (SEK) | Value (SEK) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Formpipe Software's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Formpipe Software has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Formpipe Software AB (STO:FPIP): What Are Investors Earning On Their Capital?
and want a simplistic look at the return on Formpipe Software AB (STO:FPIP) stock. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Formpipe Software, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleWith An ROE Of 9.15%, Can Formpipe Software AB (STO:FPIP) Catch Up To The Industry?
and want to learn about Return on Equity using a real-life example. … Formpipe Software AB (STO:FPIP) generated a below-average return on equity of 9.15% in the past 12 months, while its industry returned 17.01%. … Breaking down Return on Equity
Simply Wall St - – Full articleWho Really Owns Formpipe Software AB (STO:FPIP)?
In this analysis, my focus will be on developing a perspective on Formpipe Software AB’s (STO:FPIP) latest ownership structure, a less discussed, but important factor. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Check out our latest analysis for Formpipe Software
Simply Wall St - – Full articleWhat Should Investors Know About the future of Formpipe Software AB's (STO:FPIP)?
Formpipe Software AB (STO:FPIP) to … earnings growth of 18.83% annualised … it's important to take a step back
Simply Wall St - – Full articleFormpipe Software AB (STO:FPIP): Assessing Capital Returns
and looking to gauge the potential return on investment in Formpipe Software AB (STO:FPIP). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand Formpipe Software’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleShould You Buy Formpipe Software AB (STO:FPIP) At kr20.00?
Formpipe Software AB (STO:FPIP), a software company based in Sweden,. … As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value? … Let’s take a look at Formpipe Software’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleDid Formpipe Software AB's (STO:FPIP) Recent Earnings Growth Beat The Trend?
Today I will assess FPIP's recent performance announced on 31 March 2018 and weigh these figures against its long-term trend and industry movements. … Did FPIP beat its long-term earnings growth trend and its industry. … FPIP's trailing twelve-month earnings (from 31 March 2018) of kr32.08m has
Simply Wall St - – Full articleIs It Time To Buy Formpipe Software AB (OM:FPIP) Based Off Its PE Ratio?
and want to begin learning the link between Formpipe Software AB (OM:FPIP)’s fundamentals and stock market performance. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … Check out our latest analysis for Formpipe Software
Simply Wall St - – Full articleWhy Formpipe Software AB (STO:FPIP) Could Be A Buy
Formpipe Software AB (OM:FPIP), a software company based in Sweden, led the OM gainers with a relatively large price hike in the past couple of weeks. … In addition to this, it seems like Formpipe Software’s share price is quite stable, which could mean there may be less chances to buy low in the future now that it’s fairly valued. … FPIP’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.
Simply Wall St - – Full articleDid Formpipe Software AB (STO:FPIP) Create Value For Investors Over The Past Year?
Formpipe Software AB’s (OM:FPIP) most recent return on equity was a substandard 6.80% relative to its industry performance of 23.75% over the past year. … View our latest analysis for Formpipe Software Breaking down Return on Equity Return on Equity (ROE) weighs Formpipe Software’s profit against the level of its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity OM:FPIP Last Perf Apr 25th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.
Simply Wall St - – Full articleCompany Info
Description
Formpipe Software AB (publ), a software company, develops and provides enterprise content management (ECM) software and solutions in Nordic region, the United Kingdom, rest of Europe, North America, and internationally. Its software enables organizations to capture, process, store, archive, and supply information. The company offers Acadre, an ECM system for municipalities and similar authorities; Contentworker for document, contract, knowledge, and email management; Lasernet, a software solution for the management of incoming and outgoing business documents; and Long-Term Archive, a system for preservation of digital information over time. It also provides OnDemand, a Web based system with no client software to install or maintain; Platina, a Web-based ECM product for the management of information; Platina LS, an electronic quality management system, which manages documents and processes for regulatory quality management; and Quality Control, a software product to manage and monitor data quality from operating systems and network disks. In addition, the company offers TAP, a business system for business process management based on service oriented architecture; TAS, a standard system for case management and economical control; X-docs that provides a platform for managing quality documentation; and W3D3, an ECM product for information processing and e-services. Formpipe Software AB (publ) is headquartered in Stockholm, Sweden.
Details
| Name: | Formpipe Software AB |
| FPIP | |
| Exchange: | OM |
| Founded: | |
| SEK1,161,849,867 | |
| 53,173,907 | |
| Website: | http://www.formpipe.com |
| Address: |
Formpipe Software AB Box 231 31, Stockholm, Stockholm County, 104 35, Sweden |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OM | FPIP | Common Shares | OMX Nordic Exchange Stockholm | SE | SEK | 20. Jan 2005 | |
| BATS-CHIXE | FPIPS | Common Shares | BATS 'Chi-X Europe' | GB | SEK | 20. Jan 2005 |
Number of employees
Current staff
Industry
| Application Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/17 20:55 |
| End of day share price update: | 2019/07/17 00:00 |
| Last estimates confirmation: | 2019/07/16 |
| Last earnings filing: | 2019/07/12 |
| Last earnings reported: | 2019/06/30 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
