Executive Summary
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.
Snowflake Analysis
Excellent balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Formpipe Software's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FPIP has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.3%
FPIP
-1.2%
SE Software
1.8%
SE Market
1 Year Return
9.1%
FPIP
157.0%
SE Software
19.7%
SE Market
Return vs Industry: FPIP underperformed the Swedish Software industry which returned 157.4% over the past year.
Return vs Market: FPIP underperformed the Swedish Market which returned 21.6% over the past year.
Shareholder returns
| FPIP | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -1.2% | 1.8% |
| 30 Day | -7.0% | 1.7% | 2.2% |
| 90 Day | 8.1% | 34.9% | 23.1% |
| 1 Year | 11.7%9.1% | 159.6%157.0% | 21.5%19.7% |
| 3 Year | 89.0%73.9% | 238.0%219.4% | 33.4%19.4% |
| 5 Year | 221.5%185.9% | 172.7%152.8% | 53.5%23.2% |
Price Volatility Vs. Market
How volatile is Formpipe Software's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Estimating The Fair Value Of Formpipe Software AB (publ) (STO:FPIP)2 weeks ago | Simply Wall St
Who Has Been Selling Formpipe Software AB (publ) (STO:FPIP) Shares?3 weeks ago | Simply Wall St
How Does Formpipe Software's (STO:FPIP) CEO Pay Compare With Company Performance?Valuation
Is Formpipe Software undervalued compared to its fair value and its price relative to the market?
33.59x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FPIP (SEK25.3) is trading above our estimate of fair value (SEK22.33)
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 (33.6x) compared to the SE Software industry average (74.2x).
PE vs Market: FPIP is poor value based on its PE Ratio (33.6x) compared to the Swedish market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: FPIP is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: FPIP is good value based on its PB Ratio (3.1x) compared to the SE Software industry average (4.3x).
Next Steps
Future Growth
How is Formpipe Software forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
11.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FPIP's forecast earnings growth (11.1% per year) is above the savings rate (0.5%).
Earnings vs Market: FPIP's earnings (11.1% per year) are forecast to grow slower than the Swedish market (19.9% per year).
High Growth Earnings: FPIP's earnings are forecast to grow, but not significantly.
Revenue vs Market: FPIP's revenue (4.3% per year) is forecast to grow slower than the Swedish market (6.3% per year).
High Growth Revenue: FPIP's revenue (4.3% 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 (11.3%).
Next Steps
Past Performance
How has Formpipe Software performed over the past 5 years?
33.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FPIP has high quality earnings.
Growing Profit Margin: FPIP's current net profit margins (10%) are higher than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: FPIP's earnings have grown significantly by 33.2% per year over the past 5 years.
Accelerating Growth: FPIP's earnings growth over the past year (10.2%) is below its 5-year average (33.2% per year).
Earnings vs Industry: FPIP earnings growth over the past year (10.2%) underperformed the Software industry 15.2%.
Return on Equity
High ROE: FPIP's Return on Equity (9.3%) is considered low.
Next Steps
Financial Health
How is Formpipe Software's financial position?
Financial Position Analysis
Short Term Liabilities: FPIP's short term assets (SEK140.8M) do not cover its short term liabilities (SEK200.4M).
Long Term Liabilities: FPIP's short term assets (SEK140.8M) exceed its long term liabilities (SEK47.9M).
Debt to Equity History and Analysis
Debt Level: FPIP is debt free.
Reducing Debt: FPIP had no debt 5 years ago.
Debt Coverage: FPIP has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FPIP has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Formpipe Software current dividend yield, its reliability and sustainability?
2.37%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FPIP's dividend (2.37%) is higher than the bottom 25% of dividend payers in the Swedish market (1.4%).
High Dividend: FPIP's dividend (2.37%) is low compared to the top 25% of dividend payers in the Swedish market (4.8%).
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: At its current payout ratio (79.7%), FPIP's 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 (55.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.6yrs
Average management tenure
CEO
Christian Sundin (49 yo)
13.58yrs
Tenure
kr3,098,000
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 ($USD357.18K) is about average for companies of similar size in the Swedish market ($USD467.98K).
Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | 13.58yrs | kr3.10m | 2.04% SEK 27.6m | |
| Chief Financial Officer | 13.58yrs | no data | 1.47% SEK 19.9m | |
| Chief Technology Officer | 1.58yrs | no data | 0.010% SEK 136.8k | |
| Director of Human Resources | no data | no data | 0.0049% SEK 65.6k | |
| Denmark Head of BA Customer Communication Management | no data | no data | no data | |
| Group Financial Controller of Sweden | no data | no data | no data |
13.6yrs
Average Tenure
46yo
Average Age
Experienced Management: FPIP's management team is seasoned and experienced (13.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 7.58yrs | kr380.00k | 0.60% SEK 8.0m | |
| Director | 0.17yr | no data | no data | |
| Independent Director | 3.33yrs | kr190.00k | 0.011% SEK 151.8k | |
| Independent Director | 4.58yrs | kr190.00k | 0.075% SEK 1.0m | |
| Independent Director | 3.33yrs | kr190.00k | 0.014% SEK 189.8k | |
| Independent Director | 1.33yrs | kr190.00k | no data |
3.3yrs
Average Tenure
53yo
Average Age
Experienced Board: FPIP's board of directors are considered experienced (3.3 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Formpipe Software AB (publ)
- Ticker: FPIP
- Exchange: OM
- Founded:
- Industry: Application Software
- Sector: Software
- Market Cap: kr1.353b
- Shares outstanding: 53.46m
- Website: https://www.formpipe.com
Number of Employees
Location
- Formpipe Software AB (publ)
- SveavAegen 168
- Stockholm
- Stockholm County
- 104 35
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FPIP | OM (OMX Nordic Exchange Stockholm) | Yes | Common Shares | SE | SEK | Jan 2005 |
| 0M8Y | LSE (London Stock Exchange) | Yes | Common Shares | GB | SEK | Jan 2005 |
| FPIPS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | SEK | Jan 2005 |
Biography
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 in ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/14 10:55 |
| End of Day Share Price | 2020/08/13 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.