Fortnox AB
STO:FNOX

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Fortnox AB
STO:FNOX
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Price: 86.88 SEK -0.11% Market Closed
Market Cap: 53B SEK
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one FNOX stock under the Base Case scenario is 49.51 SEK. Compared to the current market price of 86.88 SEK, Fortnox AB is Overvalued by 43%.

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
49.51 SEK
Overvaluation 43%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

24.7
P/S
P/S
Price to Sales
24.7
vs History
28
vs Industry
5
Median 3Y
23.6
Median 5Y
22.2
Industry
2.3
Forward
21
More Details
68.7
P/E
P/E
Price to Earnings
68.7
vs History
38
vs Industry
10
Median 3Y
74.6
Median 5Y
64.3
Industry
22.3
Forward
58.2
More Details
61.8
P/OCF
P/OCF
Price to OCF
61.8
vs History
46
vs Industry
11
Median 3Y
67.6
Median 5Y
60.9
Industry
16.8
More Details
86.3
P/FCFE
P/FCFE
Price to FCFE
86.3
vs History
52
vs Industry
10
Median 3Y
138.9
Median 5Y
87.3
Industry
21.1
More Details
20.6
P/B
P/B
Price to Book Value
20.6
vs History
57
vs Industry
5
Median 3Y
22.1
Median 5Y
22.1
Industry
2.8
More Details
24.4
EV/S
EV/S
Enterprise Value to Sales
24.4
vs History
28
vs Industry
5
Median 3Y
23.4
Median 5Y
22.1
Industry
2.3
Forward
20.7
More Details
24.6
EV/GP
EV/GP
Enterprise Value to Gross Profit
24.6
vs History
28
vs Industry
11
Median 3Y
23.3
Median 5Y
22
Industry
4.7
More Details
55.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
55.7
vs History
30
vs Industry
11
Median 3Y
55.3
Median 5Y
48.2
Industry
12.2
Forward
38
More Details
55.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
55.7
vs History
41
vs Industry
11
Median 3Y
58.1
Median 5Y
52.9
Industry
16
Forward
45.6
More Details
60.9
EV/OCF
EV/OCF
Enterprise Value to OCF
60.9
vs History
46
vs Industry
11
Median 3Y
67.2
Median 5Y
60.3
Industry
15.2
More Details
80.2
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
80.2
vs History
49
vs Industry
8
Median 3Y
97.1
Median 5Y
80.3
Industry
18.4
More Details
19.4
EV/IC
EV/IC
Enterprise Value to IC
19.4
vs History
33
vs Industry
6
Median 3Y
17.2
Median 5Y
17
Industry
2.3
More Details

Multiples Across Competitors

FNOX Competitors Multiples
Fortnox AB Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
SE
Fortnox AB
STO:FNOX
53B SEK 24.7 68.7 55.7 55.7
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
DE
SAP SE
XETRA:SAP
310.7B EUR 8.8 54.2 29.3 33.5
US
Palantir Technologies Inc
NYSE:PLTR
283.1B USD 98.8 612.5 812.5 895.2
US
Salesforce Inc
NYSE:CRM
263.3B USD 6.9 42.5 23.1 33.6
US
Intuit Inc
NASDAQ:INTU
176.7B USD 10.3 58.2 37 44.4
US
Adobe Inc
NASDAQ:ADBE
167.7B USD 7.6 24.8 18.5 20.5
US
NCR Corp
LSE:0K45
117.6B USD 41.6 124.7 348.9 2 876.5
US
Applovin Corp
NASDAQ:APP
104.6B USD 22.2 66.3 46.2 57.3
US
Microstrategy Inc
NASDAQ:MSTR
96.9B USD 209.1 -83.1 -2 297.2 -1 649
US
Cadence Design Systems Inc
NASDAQ:CDNS
84.5B USD 17.3 78.2 49.5 56.5
P/S Multiple
Revenue Growth P/S to Growth
SE
Fortnox AB
STO:FNOX
Average P/S: 21 305.3
24.7
22%
1.1
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
DE
SAP SE
XETRA:SAP
8.8
12%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
98.8
32%
3.1
US
Salesforce Inc
NYSE:CRM
6.9
10%
0.7
US
Intuit Inc
NASDAQ:INTU
10.3
13%
0.8
US
Adobe Inc
NASDAQ:ADBE
7.6
10%
0.8
US
N
NCR Corp
LSE:0K45
41.6
-8%
N/A
US
Applovin Corp
NASDAQ:APP
22.2
20%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
209.1
3%
69.7
US
Cadence Design Systems Inc
NASDAQ:CDNS
17.3
13%
1.3
P/E Multiple
Earnings Growth PEG
SE
Fortnox AB
STO:FNOX
Average P/E: 125.6
68.7
26%
2.6
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
DE
SAP SE
XETRA:SAP
54.2
50%
1.1
US
Palantir Technologies Inc
NYSE:PLTR
612.5
69%
8.9
US
Salesforce Inc
NYSE:CRM
42.5
32%
1.3
US
Intuit Inc
NASDAQ:INTU
58.2
34%
1.7
US
Adobe Inc
NASDAQ:ADBE
24.8
26%
1
US
N
NCR Corp
LSE:0K45
124.7
-52%
N/A
US
Applovin Corp
NASDAQ:APP
66.3
39%
1.7
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -83.1 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
78.2
33%
2.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBITDA: 157.9
55.7
26%
2.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
DE
SAP SE
XETRA:SAP
29.3
19%
1.5
US
Palantir Technologies Inc
NYSE:PLTR
812.5
105%
7.7
US
Salesforce Inc
NYSE:CRM
23.1
21%
1.1
US
Intuit Inc
NASDAQ:INTU
37
29%
1.3
US
Adobe Inc
NASDAQ:ADBE
18.5
17%
1.1
US
N
NCR Corp
LSE:0K45
348.9
11%
31.7
US
Applovin Corp
NASDAQ:APP
46.2
38%
1.2
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -2 297.2 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
49.5
25%
2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBIT: 452.6
55.7
26%
2.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
DE
SAP SE
XETRA:SAP
33.5
21%
1.6
US
Palantir Technologies Inc
NYSE:PLTR
895.2
107%
8.4
US
Salesforce Inc
NYSE:CRM
33.6
32%
1.1
US
Intuit Inc
NASDAQ:INTU
44.4
35%
1.3
US
Adobe Inc
NASDAQ:ADBE
20.5
20%
1
US
N
NCR Corp
LSE:0K45
2 876.5
79%
36.4
US
Applovin Corp
NASDAQ:APP
57.3
38%
1.5
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 649 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
56.5
28%
2

See Also

Summary
FNOX intrinsic value, competitors valuation, and company profile.
DCF Valuation
FNOX stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FNOX stock valuation using valuation multiples.
Wall Street Estimates
FNOX price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FNOX stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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