Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBIT Multiple | -62.5x - -69.1x | -65.8x |
| Selected Fwd EBIT Multiple | 34.1x - 37.7x | 35.9x |
| Fair Value | kr2.28 - kr2.58 | kr2.43 |
| Upside | -50.5% - -44.0% | -47.2% |
| Benchmarks | Ticker | Full Ticker |
| 4C Group AB (publ) | 4C | OM:4C |
| Divio Technologies AB (publ) | DIVIO B | OM:DIVIOB |
| Freja eID Group AB (publ) | FREJA | OM:FREJA |
| Oneflow AB (publ) | ONEF | OM:ONEF |
| Vertiseit AB (publ) | VERT B | OM:VERTB |
| Clavister Holding AB (publ.) | CLAV | OM:CLAV |
| - | - | - |
| Select LTM EBIT Multiple | |||||||
| Benchmark Companies | |||||||
| 4C | DIVIO B | FREJA | ONEF | VERT B | CLAV | ||
| OM:4C | OM:DIVIOB | OM:FREJA | OM:ONEF | OM:VERTB | OM:CLAV | ||
| Historical EBIT Growth | |||||||
| 5Y CAGR | NM- | NM- | NM- | NM- | 53.0% | NM- | |
| 3Y CAGR | NM- | NM- | NM- | NM- | 139.3% | NM- | |
| Latest Twelve Months | 160.4% | 36.0% | 59.1% | 19.6% | -27.5% | 44.8% | |
| Historical EBIT Profit Margin | |||||||
| 5 Year Average Margin | 4.4% | -62.1% | -104.2% | -58.7% | 7.0% | -32.2% | |
| Prior Fiscal Year | -1.7% | -52.8% | -62.2% | -71.8% | 6.5% | -19.5% | |
| Latest Fiscal Year | -2.1% | -47.9% | -37.5% | -47.2% | 13.9% | -6.8% | |
| Latest Twelve Months | 10.6% | -30.9% | -21.1% | -39.4% | 5.4% | -6.9% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.90x | 1.14x | 5.08x | 3.77x | 3.82x | 8.22x | |
| EV / LTM EBITDA | 18.2x | -9.4x | -24.7x | -10.0x | 41.4x | -122.1x | |
| EV / LTM EBIT | 18.0x | -3.7x | -24.1x | -9.6x | 71.2x | -119.3x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBIT | -24.1x | -3.7x | 71.2x | ||||
| Historical EV / LTM EBIT | -47.8x | -9.7x | -6.3x | ||||
| Selected EV / LTM EBIT | -62.5x | -65.8x | -69.1x | ||||
| (x) LTM EBIT | (14) | (14) | (14) | ||||
| (=) Implied Enterprise Value | 866 | 911 | 957 | ||||
| (-) Non-shareholder Claims * | (170) | (170) | (170) | ||||
| (=) Equity Value | 696 | 741 | 787 | ||||
| (/) Shares Outstanding | 309.5 | 309.5 | 309.5 | ||||
| Implied Value Range | 2.25 | 2.39 | 2.54 | ||||
| FX Rate: SEK/SEK | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 2.25 | 2.39 | 2.54 | 4.61 | |||
| Upside / (Downside) | -51.2% | -48.0% | -44.9% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | 4C | DIVIO B | FREJA | ONEF | VERT B | CLAV | |
| Enterprise Value | 708 | 41 | 296 | 716 | 2,319 | 1,597 | |
| (+) Cash & Short Term Investments | 21 | 4 | 24 | 67 | 38 | 64 | |
| (+) Investments & Other | 0 | 0 | 0 | 0 | 1 | 0 | |
| (-) Debt | (118) | 0 | (19) | (20) | (213) | (234) | |
| (-) Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 610 | 45 | 300 | 764 | 2,146 | 1,427 | |
| (/) Shares Outstanding | 38.3 | 333.8 | 26.5 | 28.4 | 30.1 | 309.5 | |
| Implied Stock Price | 15.95 | 0.14 | 11.35 | 26.90 | 71.20 | 4.61 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 15.95 | 0.14 | 11.35 | 26.90 | 71.20 | 4.61 | |
| Trading Currency | SEK | SEK | SEK | SEK | SEK | SEK | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |