Formpipe Software AB (publ)

OM:FPIP Stock Report

Market Cap: SEK 1.4b

Formpipe Software Valuation

Is FPIP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FPIP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FPIP (SEK25.9) is trading below our estimate of fair value (SEK69.47)

Significantly Below Fair Value: FPIP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FPIP?

Key metric: As FPIP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FPIP. This is calculated by dividing FPIP's market cap by their current earnings.
What is FPIP's PE Ratio?
PE Ratio43.2x
EarningsSEK 32.53m
Market CapSEK 1.41b

Price to Earnings Ratio vs Peers

How does FPIP's PE Ratio compare to its peers?

The above table shows the PE ratio for FPIP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.9x
SLEEP Sleep Cycle
15x17.2%SEK 833.4m
VERT B Vertiseit
37.9x44.4%SEK 1.3b
OPTER Opter
40.9xn/aSEK 726.0m
UPSALE Upsales Technology
21.7x13.8%SEK 468.1m
FPIP Formpipe Software
43.2x40.3%SEK 1.4b

Price-To-Earnings vs Peers: FPIP is expensive based on its Price-To-Earnings Ratio (43.2x) compared to the peer average (28.9x).

Price to Earnings Ratio vs Industry

How does FPIP's PE Ratio compare vs other companies in the SE Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SPEONE SpectrumOne
2xn/aUS$11.10m
No more companies available in this PE range
FPIP 43.2xIndustry Avg. 28.5xNo. of Companies2PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FPIP is expensive based on its Price-To-Earnings Ratio (43.2x) compared to the European Software industry average (28.3x).

Price to Earnings Ratio vs Fair Ratio

What is FPIP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FPIP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.2x
Fair PE Ratio30.3x

Price-To-Earnings vs Fair Ratio: FPIP is expensive based on its Price-To-Earnings Ratio (43.2x) compared to the estimated Fair Price-To-Earnings Ratio (30.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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