Fortnox AB
STO:FNOX

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Fortnox AB
STO:FNOX
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Price: 89.4 SEK 1.52%
Market Cap: 54.5B SEK

Relative Value

The Relative Value of one FNOX stock under the Base Case scenario is 47.81 SEK. Compared to the current market price of 89.4 SEK, Fortnox AB is Overvalued by 47%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FNOX Relative Value
Base Case
47.81 SEK
Overvaluation 47%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
26
vs Industry
5
Median 3Y
23.7
Median 5Y
23
Industry
2.4
Forward
21.6
vs History
39
vs Industry
10
Median 3Y
70.7
Median 5Y
68.8
Industry
22.5
Forward
59.9
vs History
46
vs Industry
11
Median 3Y
63.6
Median 5Y
63.6
Industry
16.2
vs History
49
vs Industry
10
Median 3Y
137.3
Median 5Y
88.8
Industry
20.8
vs History
53
vs Industry
5
Median 3Y
21.2
Median 5Y
22.1
Industry
3
vs History
28
vs Industry
5
Median 3Y
23.7
Median 5Y
22.8
Industry
2.4
Forward
21.3
vs History
28
vs Industry
11
Median 3Y
23.8
Median 5Y
22.9
Industry
4.9
vs History
28
vs Industry
11
Median 3Y
55.4
Median 5Y
53.9
Industry
12.3
Forward
39.1
vs History
38
vs Industry
11
Median 3Y
57.3
Median 5Y
56
Industry
15.8
Forward
47
vs History
46
vs Industry
11
Median 3Y
62.7
Median 5Y
62.7
Industry
14.8
vs History
50
vs Industry
8
Median 3Y
85.3
Median 5Y
82.9
Industry
17.4
vs History
33
vs Industry
6
Median 3Y
17.3
Median 5Y
18.9
Industry
2.4

Multiples Across Competitors

FNOX Competitors Multiples
Fortnox AB Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
SE
Fortnox AB
STO:FNOX
54.5B SEK 25.5 70.7 57.3 57.3
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
US
Palantir Technologies Inc
NYSE:PLTR
435.5B USD 111.8 397.6 489.9 505
DE
SAP SE
XETRA:SAP
247.4B EUR 6.8 34.9 21.5 24.3
US
Salesforce Inc
NYSE:CRM
247B USD 6.1 34.2 19.9 27.5
US
Applovin Corp
NASDAQ:APP
227B USD 41.1 80.2 63.6 69.2
US
Intuit Inc
NASDAQ:INTU
186.9B USD 9.6 45.4 31.4 36.3
US
Adobe Inc
NASDAQ:ADBE
151.2B USD 6.5 21.7 16.4 18
US
NCR Corp
LSE:0K45
134B USD 50.6 -2 197 380.9 1 114.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
88.1B USD 16.9 83 47.1 53.4
US
Synopsys Inc
NASDAQ:SNPS
84B USD 13.1 42.1 66.9 86.7
P/S Multiple
Revenue Growth P/S to Growth
SE
Fortnox AB
STO:FNOX
Average P/S: 21 290.8
25.5
22%
1.2
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
111.8
46%
2.4
DE
SAP SE
XETRA:SAP
6.8
11%
0.6
US
Salesforce Inc
NYSE:CRM
6.1
9%
0.7
US
Applovin Corp
NASDAQ:APP
41.1
28%
1.5
US
Intuit Inc
NASDAQ:INTU
9.6
13%
0.7
US
Adobe Inc
NASDAQ:ADBE
6.5
10%
0.7
US
N
NCR Corp
LSE:0K45
50.6
-8%
N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
16.9
14%
1.2
US
Synopsys Inc
NASDAQ:SNPS
13.1
21%
0.6
P/E Multiple
Earnings Growth PEG
SE
Fortnox AB
STO:FNOX
Average P/E: 90
70.7
26%
2.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
397.6
94%
4.2
DE
SAP SE
XETRA:SAP
34.9
48%
0.7
US
Salesforce Inc
NYSE:CRM
34.2
31%
1.1
US
Applovin Corp
NASDAQ:APP
80.2
61%
1.3
US
Intuit Inc
NASDAQ:INTU
45.4
31%
1.5
US
Adobe Inc
NASDAQ:ADBE
21.7
26%
0.8
US
N
NCR Corp
LSE:0K45
Negative Multiple: -2 197
-49%
N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
83
35%
2.4
US
Synopsys Inc
NASDAQ:SNPS
42.1
13%
3.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBITDA: 119.5
57.3
25%
2.3
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
489.9
137%
3.6
DE
SAP SE
XETRA:SAP
21.5
18%
1.2
US
Salesforce Inc
NYSE:CRM
19.9
24%
0.8
US
Applovin Corp
NASDAQ:APP
63.6
52%
1.2
US
Intuit Inc
NASDAQ:INTU
31.4
27%
1.2
US
Adobe Inc
NASDAQ:ADBE
16.4
17%
1
US
N
NCR Corp
LSE:0K45
380.9
16%
23.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
47.1
27%
1.7
US
Synopsys Inc
NASDAQ:SNPS
66.9
44%
1.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBIT: 199.2
57.3
26%
2.2
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
505
141%
3.6
DE
SAP SE
XETRA:SAP
24.3
21%
1.2
US
Salesforce Inc
NYSE:CRM
27.5
33%
0.8
US
Applovin Corp
NASDAQ:APP
69.2
57%
1.2
US
Intuit Inc
NASDAQ:INTU
36.3
32%
1.1
US
Adobe Inc
NASDAQ:ADBE
18
20%
0.9
US
N
NCR Corp
LSE:0K45
1 114.3
70%
15.9
US
Cadence Design Systems Inc
NASDAQ:CDNS
53.4
30%
1.8
US
Synopsys Inc
NASDAQ:SNPS
86.7
49%
1.8