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FPIP

Formpipe SoftwareOM:FPIP Stock Report

Market Cap

kr2.0b

7D

16.1%

1Y

38.5%

Updated

29 Nov, 2021

Data

Company Financials +
FPIP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance5/6
Financial Health5/6
Dividends4/6

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

TietoEVRY Oyj

HLSE:TIETO

€3.1b

Addnode Group

OM:ANOD B

kr11.9b

Price History & Performance

Summary of all time highs, changes and price drops for Formpipe Software
Historical stock prices
Current Share Pricekr37.40
52 Week Highkr40.80
52 Week Lowkr26.00
Beta0.67
1 Month Change16.88%
3 Month Change13.33%
1 Year Change38.52%
3 Year Change75.59%
5 Year Change295.77%
Change since IPO1,817.95%

Recent News & Updates

Nov 25
These 4 Measures Indicate That Formpipe Software (STO:FPIP) Is Using Debt Safely

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...

Jun 03
Does This Valuation Of Formpipe Software AB (publ) (STO:FPIP) Imply Investors Are Overpaying?

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

FPIPSE SoftwareSE Market
7D16.1%1.3%-2.6%
1Y38.5%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

Is FPIP's price volatile compared to industry and market?
FPIP volatility
FPIP Average Weekly Movement5.5%
Software Industry Average Movement7.9%
Market Average Movement6.5%
10% most volatile stocks in SE Market11.8%
10% least volatile stocks in SE Market3.8%

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

FoundedEmployeesCEOWebsite
n/a276Christian Sundinhttps://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

How do Formpipe Software's earnings and revenue compare to its market cap?
FPIP fundamental statistics
Market Capkr2.01b
Earnings (TTM)kr51.36m
Revenue (TTM)kr454.30m

39.1x

P/E Ratio

4.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FPIP income statement (TTM)
Revenuekr454.30m
Cost of Revenuekr190.59m
Gross Profitkr263.71m
Expenseskr212.35m
Earningskr51.36m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 16, 2022

Earnings per share (EPS)0.96
Gross Margin58.05%
Net Profit Margin11.30%
Debt/Equity Ratio4.6%

How did FPIP perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

69%

Payout Ratio

Valuation

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/29 23:02
End of Day Share Price2021/11/29 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.