| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
FPIP Stock Overview
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.
Formpipe Software Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | kr37.40 |
| 52 Week High | kr40.80 |
| 52 Week Low | kr26.00 |
| Beta | 0.67 |
| 1 Month Change | 16.88% |
| 3 Month Change | 13.33% |
| 1 Year Change | 38.52% |
| 3 Year Change | 75.59% |
| 5 Year Change | 295.77% |
| Change since IPO | 1,817.95% |
Recent News & Updates
These 4 Measures Indicate That Formpipe Software (STO:FPIP) Is Using Debt Safely
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Does This Valuation Of Formpipe Software AB (publ) (STO:FPIP) Imply Investors Are Overpaying?
In this article we are going to estimate the intrinsic value of Formpipe Software AB (publ) ( STO:FPIP ) by estimating...
Shareholder Returns
| FPIP | SE Software | SE Market | |
|---|---|---|---|
| 7D | 16.1% | 1.3% | -2.6% |
| 1Y | 38.5% | 20.6% | 29.3% |
Return vs Industry: FPIP exceeded the Swedish Software industry which returned 25.8% over the past year.
Return vs Market: FPIP exceeded the Swedish Market which returned 27.1% over the past year.
Price Volatility
| FPIP volatility | |
|---|---|
| FPIP Average Weekly Movement | 5.5% |
| Software Industry Average Movement | 7.9% |
| Market Average Movement | 6.5% |
| 10% most volatile stocks in SE Market | 11.8% |
| 10% least volatile stocks in SE Market | 3.8% |
Stable Share Price: FPIP is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FPIP's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 276 | Christian Sundin | https://www.formpipe.com |
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 deliver information. The company offers Acadre, an ECM system for municipal market; Lasernet for input/output management; Long-Term Archive, an archiving solution for operations seeking security, traceability, and flexibility; ATOM, a technical solution for municipalities; Contentworker Online, a solution for achieving a cloud journey; FAS, a platform for digitizing of fund work; Meetings Plus for digital meeting management; and Portal Bas, a platform for e-services and a publishing solution.
Formpipe Software Fundamentals Summary
| FPIP fundamental statistics | |
|---|---|
| Market Cap | kr2.01b |
| Earnings (TTM) | kr51.36m |
| Revenue (TTM) | kr454.30m |
39.1x
P/E Ratio4.4x
P/S RatioIs FPIP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FPIP income statement (TTM) | |
|---|---|
| Revenue | kr454.30m |
| Cost of Revenue | kr190.59m |
| Gross Profit | kr263.71m |
| Expenses | kr212.35m |
| Earnings | kr51.36m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 16, 2022
| Earnings per share (EPS) | 0.96 |
| Gross Margin | 58.05% |
| Net Profit Margin | 11.30% |
| Debt/Equity Ratio | 4.6% |
How did FPIP perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield69%
Payout RatioValuation
Is Formpipe Software undervalued compared to its fair value and its price relative to the market?
39.13x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FPIP (SEK37.4) is trading above our estimate of fair value (SEK29.53)
Significantly Below Fair Value: FPIP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FPIP is good value based on its PE Ratio (39.1x) compared to the Swedish Software industry average (75.5x).
PE vs Market: FPIP is poor value based on its PE Ratio (39.1x) compared to the Swedish market (23.5x).
Price to Earnings Growth Ratio
PEG Ratio: FPIP is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: FPIP's PB Ratio (4.8x) is in line with the SE Software industry average.
Future Growth
How is Formpipe Software forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
17.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FPIP's forecast earnings growth (17.9% per year) is above the savings rate (0.3%).
Earnings vs Market: FPIP's earnings (17.9% per year) are forecast to grow faster than the Swedish market (4.1% per year).
High Growth Earnings: FPIP's earnings are forecast to grow, but not significantly.
Revenue vs Market: FPIP's revenue (7.7% per year) is forecast to grow faster than the Swedish market (5.4% per year).
High Growth Revenue: FPIP's revenue (7.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FPIP's Return on Equity is forecast to be low in 3 years time (13.4%).
Past Performance
How has Formpipe Software performed over the past 5 years?
16.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FPIP has high quality earnings.
Growing Profit Margin: FPIP's current net profit margins (11.3%) are higher than last year (10.3%).
Past Earnings Growth Analysis
Earnings Trend: FPIP's earnings have grown by 16.5% per year over the past 5 years.
Accelerating Growth: FPIP's earnings growth over the past year (24.1%) exceeds its 5-year average (16.5% per year).
Earnings vs Industry: FPIP earnings growth over the past year (24.1%) exceeded the Software industry 12.4%.
Return on Equity
High ROE: FPIP's Return on Equity (12.4%) is considered low.
Financial Health
How is Formpipe Software's financial position?
Financial Position Analysis
Short Term Liabilities: FPIP's short term assets (SEK107.1M) do not cover its short term liabilities (SEK202.7M).
Long Term Liabilities: FPIP's short term assets (SEK107.1M) exceed its long term liabilities (SEK55.1M).
Debt to Equity History and Analysis
Debt Level: FPIP's net debt to equity ratio (4.1%) is considered satisfactory.
Reducing Debt: FPIP's debt to equity ratio has reduced from 37.2% to 4.6% over the past 5 years.
Debt Coverage: FPIP's debt is well covered by operating cash flow (509.2%).
Interest Coverage: FPIP's interest payments on its debt are well covered by EBIT (38.1x coverage).
Balance Sheet
Dividend
What is Formpipe Software current dividend yield, its reliability and sustainability?
1.76%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FPIP's dividend (1.76%) is higher than the bottom 25% of dividend payers in the Swedish market (0.93%).
High Dividend: FPIP's dividend (1.76%) is low compared to the top 25% of dividend payers in the Swedish market (3.79%).
Stability and Growth of Payments
Stable Dividend: FPIP's dividend payments have been volatile in the past 10 years.
Growing Dividend: FPIP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (68.8%), FPIP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FPIP's dividends in 3 years are forecast to be covered by earnings (57.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
14.8yrs
Average management tenure
CEO
Christian Sundin (50 yo)
14.83yrs
Tenure
kr3,138,000
Compensation
Mr. Christian Sundin has been the Chief Executive Officer at Formpipe Software AB (publ) since 2007 and serves as its President. He was employed as CFO at Formpipe prior to taking over the CEO post. He had...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD344.97K) is about average for companies of similar size in the Swedish market ($USD375.95K).
Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FPIP's management team is seasoned and experienced (14.8 years average tenure).
Board Members
Experienced Board: FPIP's board of directors are considered experienced (4.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Formpipe Software AB (publ)'s employee growth, exchange listings and data sources
Key Information
- Name: Formpipe Software AB (publ)
- Ticker: FPIP
- Exchange: OM
- Founded: NaN
- Industry: Application Software
- Sector: Software
- Market Cap: kr2.009b
- Shares outstanding: 53.73m
- Website: https://www.formpipe.com
Number of Employees
Location
- Formpipe Software AB (publ)
- SveavAegen 168
- Stockholm
- Stockholm County
- 104 35
- Sweden
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/11/29 23:02 |
| End of Day Share Price | 2021/11/29 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.