Loading...

Formpipe Software

OM:FPIP
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FPIP
OM
SEK1B
Market Cap
  1. Home
  2. SE
  3. Software
Company 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. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
FPIP Share Price and Events
7 Day Returns
-2.5%
OM:FPIP
1%
SE Software
0.2%
SE Market
1 Year Returns
2.6%
OM:FPIP
9.7%
SE Software
6.7%
SE Market
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.
Price Volatility
FPIP
Industry
5yr Volatility vs Market

Value

 Is Formpipe Software undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Formpipe Software.

OM:FPIP Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for OM:FPIP
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.

OM:FPIP DCF 1st Stage: Next 10 year cash flow forecast
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
OM:FPIP DCF 2nd Stage: Terminal Value
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
OM:FPIP Total Equity Value
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
OM:FPIP Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
OM:FPIP PE (Price to Earnings) Ratio Data Sources
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.

OM:FPIP PE (Price to Earnings) Ratio Calculation
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?
Raw Data
OM:FPIP PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

OM:FPIP PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
OM:FPIP PB (Price to Book) Ratio Data Sources
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
OM:FPIP PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Formpipe Software's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. 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

 How is Formpipe Software expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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!
Annual Growth Rate
15.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Formpipe Software expected to grow at an attractive rate?
  • 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
Raw Data
OM:FPIP Future Growth Rates Data Sources
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
Raw Data
OM:FPIP Analysts Growth Expectations Data Sources
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 numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:FPIP Future Estimates Data
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
OM:FPIP Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Formpipe Software's earnings are expected to grow by 15.7% yearly, however this is not considered high growth (20% yearly).
  • Formpipe Software's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:FPIP 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.

OM:FPIP Future Estimates Data
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
OM:FPIP Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Formpipe Software is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Formpipe Software's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Formpipe Software's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Formpipe Software's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Formpipe Software Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:FPIP Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Formpipe Software's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Formpipe Software's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Formpipe Software Company Filings, last reported 2 weeks ago.

OM:FPIP Past Debt and Equity Data
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.
X
Financial health checks
We assess Formpipe Software's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Formpipe Software has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
2.75%
Current annual income from Formpipe Software dividends. Estimated to be 3.11% next year.
If you bought SEK2,000 of Formpipe Software shares you are expected to receive SEK55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
OM:FPIP Annualized Past and Future Dividends
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.

OM:FPIP Future Dividends Estimate Data
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
OM:FPIP Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Formpipe Software's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Formpipe Software's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Formpipe Software's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Christian Sundin
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:

7.4
Average Tenure
46.5
Average Age
  • 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

TITLE
CEO & President
COMPENSATION
SEK4M
AGE
48
TENURE
12.5 yrs

Joakim Alfredsson

TITLE
Group Chief Financial Officer
AGE
44
TENURE
12.5 yrs

Mats Persson

TITLE
Chief Technology Officer
TENURE
0.5 yrs

Lina Elo

TITLE
Director of Human Resources
AGE
45

Anders Eriksen

TITLE
Denmark Head of BA Customer Communication Management

Erik Lindberg

TITLE
Director of Business Development
AGE
49
TENURE
2.3 yrs

Gustav Kinnander

TITLE
Group Financial Controller of Sweden
Board of Directors Tenure

Average tenure and age of the Formpipe Software board of directors in years:

2.3
Average Tenure
50
Average Age
  • 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

TITLE
Chairman
COMPENSATION
SEK350K
AGE
63
TENURE
6.5 yrs

Martin Henricson

TITLE
Director
COMPENSATION
SEK175K
AGE
58
TENURE
3.5 yrs

Peter Lindstrom

TITLE
Director
COMPENSATION
SEK175K
AGE
49
TENURE
3.5 yrs

Annikki Schaeferdiek

TITLE
Director
COMPENSATION
SEK175K
AGE
50
TENURE
2.3 yrs

Asa Ericsson

TITLE
Director
COMPENSATION
SEK175K
AGE
54
TENURE
2.3 yrs

Erik Syren

TITLE
Director
AGE
41
TENURE
0.3 yrs

Erik Syrén

TITLE
Director
AGE
41
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
X
Management checks
We assess Formpipe Software's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

With 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 -

Who 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 -

What 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 -

Formpipe 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 -

Should 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 -

Did 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 -

Is 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 -

Why 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 -

Did 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 -

Company 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
Staff numbers
224
Formpipe Software employees.
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.