Fortnox AB
STO:FNOX

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Fortnox AB
STO:FNOX
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Price: 89.4 SEK 1.52% Market Closed
Market Cap: kr54.5B

EV/IC

20
Current
11%
More Expensive
vs 3-y average of 18

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
20
=
Enterprise Value
kr53.8B
/
Invested Capital
kr2.7B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
20
=
Enterprise Value
kr53.8B
/
Invested Capital
kr2.7B

Valuation Scenarios

Fortnox AB is trading above its 3-year average

If EV/IC returns to its 3-Year Average (18), the stock would be worth kr80.62 (10% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-94%
Maximum Upside
No Upside Scenarios
Average Downside
49%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 20 kr89.4
0%
3-Year Average 18 kr80.62
-10%
5-Year Average 19.7 kr87.87
-2%
Industry Average 2 kr8.94
-90%
Country Average 1.2 kr5.56
-94%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
SE
Fortnox AB
STO:FNOX
54.5B SEK 20 70.7
US
Ezenia! Inc
OTC:EZEN
567B USD 566 432.7 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
343.4B USD 195.7 210.8
DE
SAP SE
XETRA:SAP
169.9B EUR 2.9 23.7
US
Salesforce Inc
NYSE:CRM
172.2B USD 1.8 23.1
US
Applovin Corp
NASDAQ:APP
155.6B USD 38.9 46.7
US
Intuit Inc
NASDAQ:INTU
110.7B USD 3.7 25.5
US
Adobe Inc
NASDAQ:ADBE
101.8B USD 4.4 14.1
US
Synopsys Inc
NASDAQ:SNPS
93.6B USD 2.3 85
US
NCR Corp
LSE:0K45
92B USD 27.8 2 191
US
Cadence Design Systems Inc
NASDAQ:CDNS
92.7B USD 14.3 83.6
P/E Multiple
Earnings Growth PEG
SE
Fortnox AB
STO:FNOX
Average P/E: 277.4
70.7
26%
2.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
210.8
58%
3.6
DE
SAP SE
XETRA:SAP
23.7
17%
1.4
US
Salesforce Inc
NYSE:CRM
23.1
31%
0.7
US
Applovin Corp
NASDAQ:APP
46.7
38%
1.2
US
Intuit Inc
NASDAQ:INTU
25.5
30%
0.8
US
Adobe Inc
NASDAQ:ADBE
14.1
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
85
44%
1.9
US
N
NCR Corp
LSE:0K45
2 191
52%
42.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
83.6
39%
2.1

Market Distribution

Higher than 95% of companies in Sweden
Percentile
95th
Based on 1 391 companies
95th percentile
20
Low
0 — 0.8
Typical Range
0.8 — 2.1
High
2.1 —
Distribution Statistics
Sweden
Min 0
30th Percentile 0.8
Median 1.2
70th Percentile 2.1
Max 14 155.2

Fortnox AB
Glance View

Market Cap
54.5B SEK
Industry
Technology

Fortnox AB, nestled in the heart of Sweden, has carved a remarkable niche in the realm of cloud-based solutions, catering predominantly to small and medium-sized enterprises (SMEs). Born out of the necessity to simplify and streamline cumbersome business processes, Fortnox offers a spectrum of software services that facilitate accounting, invoicing, payroll, and much more. At its core, the company operates on a subscription-based model, which not only ensures a steady stream of recurring revenue but also allows its customers to customize their usage based on unique business needs. This adaptability and the convenience of cloud services provide Fortnox’s clients with the freedom to manage their business affairs with unparalleled ease and efficiency, from anywhere at any time. Emphasizing integration and user-friendliness, Fortnox thrives on the principle of connectivity—partnering seamlessly with various banks and financial institutions. This interconnectedness enhances the company’s appeal as it transforms financial data management into a more streamlined, automated process, fostering greater agility for its customers. By continuously evolving its product offerings and incorporating cutting-edge technological advancements, Fortnox ensures it remains at the forefront of innovation within the crowded financial technology sector. As businesses increasingly migrate to digital platforms, Fortnox cleverly positions itself as more than just a service provider; it becomes an indispensable partner in the digital transformation journey, effectively creating an ecosystem that encourages growth and innovation for SMEs across Sweden and beyond.

FNOX Intrinsic Value
34.79 SEK
Overvaluation 61%
Intrinsic Value
Price kr89.4
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