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.
Excellent balance sheet and good value.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FPIP underperformed the Swedish Software industry which returned 43.3% over the past year.
Return vs Market: FPIP underperformed the Swedish Market which returned -7.1% over the past year.
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
1 week ago | Simply Wall StThe Formpipe Software (STO:FPIP) Share Price Has Gained 118%, So Why Not Pay It Some Attention?
2 weeks ago | Simply Wall StHere's What Formpipe Software AB (publ)'s (STO:FPIP) P/E Ratio Is Telling Us
1 month ago | Simply Wall StDo Institutions Own Formpipe Software AB (publ) (STO:FPIP) Shares?
Is Formpipe Software undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FPIP (SEK16.84) is trading below our estimate of fair value (SEK23.91)
Significantly Below Fair Value: FPIP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FPIP is good value based on its PE Ratio (25.5x) compared to the Software industry average (54.4x).
PE vs Market: FPIP is poor value based on its PE Ratio (25.5x) compared to the Swedish market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: FPIP is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: FPIP is good value based on its PB Ratio (2.2x) compared to the SE Software industry average (4.6x).
How is Formpipe Software forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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 (-0.4%).
Earnings vs Market: FPIP's earnings (11.1% per year) are forecast to grow faster than the Swedish market (7.8% per year).
High Growth Earnings: FPIP's earnings are forecast to grow, but not significantly.
Revenue vs Market: FPIP's revenue (4.2% per year) is forecast to grow faster than the Swedish market (4.1% per year).
High Growth Revenue: FPIP's revenue (4.2% 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%).
How has Formpipe Software performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FPIP has high quality earnings.
Growing Profit Margin: FPIP's current net profit margins (8.9%) are lower than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: FPIP's earnings have grown significantly by 34.9% per year over the past 5 years.
Accelerating Growth: FPIP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FPIP had negative earnings growth (-12.2%) over the past year, making it difficult to compare to the Software industry average (5.4%).
Return on Equity
High ROE: FPIP's Return on Equity (8.8%) is considered low.
How is Formpipe Software's financial position?
Financial Position Analysis
Short Term Liabilities: FPIP's short term assets (SEK156.0M) do not cover its short term liabilities (SEK230.7M).
Long Term Liabilities: FPIP's short term assets (SEK156.0M) exceed its long term liabilities (SEK43.8M).
Debt to Equity History and Analysis
Debt Level: FPIP is debt free.
Reducing Debt: FPIP has no debt compared to 5 years ago when its debt to equity ratio was 44.9%.
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.
Inventory Level: FPIP has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if FPIP's debt is covered by short term assets.
What is Formpipe Software's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FPIP's dividend (3.56%) is higher than the bottom 25% of dividend payers in the Swedish market (2.1%).
High Dividend: FPIP's dividend (3.56%) is low compared to the top 25% of dividend payers in the Swedish market (6.51%).
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 high payout ratio (90.8%), FPIP's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FPIP's dividends in 3 years are forecast to be covered by earnings (76.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Christian Sundin (48yo)
Mr. Christian Sundin has been the Chief Executive Officer at FormPipe Software AB since 2007 and had been its Country Manager until 2019. Mr. Sundin serves as Chief Executive Officer and President at Formp ...
CEO Compensation Analysis
Compensation vs Market: Christian's total compensation ($USD361.05K) is above average for companies of similar size in the Swedish market ($USD211.00K).
Compensation vs Earnings: Christian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chief Executive Officer||13.17yrs||kr3.59m||1.89% SEK16.9m|
|Chief Technology Officer||1.17yrs||no data||0.010% SEK91.1k|
|Director of Human Resources||no data||no data||0.0049% SEK43.7k|
|Chief Financial Officer||13.17yrs||no data||1.48% SEK13.3m|
|Denmark Head of BA Customer Communication Management||no data||no data||no data|
|Group Financial Controller of Sweden||no data||no data||no data|
Experienced Management: FPIP's management team is seasoned and experienced (13.2 years average tenure).
|Independent Director||4.17yrs||kr175.00k||0.094% SEK842.0k|
|Independent Director||2.92yrs||kr175.00k||0.011% SEK101.0k|
|Independent Director||4.17yrs||kr175.00k||0.075% SEK673.6k|
|Independent Director||2.92yrs||kr175.00k||0.014% SEK126.3k|
|Director||0.92yr||no data||no data|
Experienced Board: FPIP's board of directors are considered experienced (3.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Formpipe Software AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Formpipe Software AB (publ)
- Ticker: FPIP
- Exchange: OM
- Industry: Application Software
- Sector: Software
- Market Cap: kr895.449m
- Shares outstanding: 53.17m
- Website: https://www.formpipe.com
Number of Employees
- Formpipe Software AB (publ)
- Box 231 31
- Stockholm County
- 104 35
|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|
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 municipalities and similar authorities; Contentworker for document, contract, knowledge, and email management; Lasernet to simplify, streamline, and optimize business communication between companies and stakeholders; 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 management and e-services. The company is headquartered in Stockholm, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 20:59|
|End of Day Share Price||2020/03/27 00:00|
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.