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: 54.5B 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 49.43 SEK. Compared to the current market price of 89.4 SEK, Fortnox AB is Overvalued by 45%.

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
49.43 SEK
Overvaluation 45%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

25.5
P/S
P/S
Price to Sales
25.5
vs History
26
vs Industry
5
Median 3Y
23.5
Median 5Y
22.9
Industry
2.5
Forward
21.6
More Details
70.7
P/E
P/E
Price to Earnings
70.7
vs History
39
vs Industry
10
Median 3Y
70.7
Median 5Y
67.6
Industry
22.9
Forward
59.9
More Details
63.6
P/OCF
P/OCF
Price to OCF
63.6
vs History
46
vs Industry
11
Median 3Y
64.8
Median 5Y
63.6
Industry
17.1
More Details
88.8
P/FCFE
P/FCFE
Price to FCFE
88.8
vs History
49
vs Industry
10
Median 3Y
137.3
Median 5Y
88.8
Industry
21.6
More Details
21.2
P/B
P/B
Price to Book Value
21.2
vs History
53
vs Industry
5
Median 3Y
21.2
Median 5Y
22.1
Industry
3.1
More Details
25.1
EV/S
EV/S
Enterprise Value to Sales
25.1
vs History
28
vs Industry
5
Median 3Y
23.3
Median 5Y
22.7
Industry
2.5
Forward
21.3
More Details
25.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
25.3
vs History
28
vs Industry
11
Median 3Y
23.3
Median 5Y
22.7
Industry
5
More Details
57.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
57.3
vs History
28
vs Industry
11
Median 3Y
55.2
Median 5Y
51.5
Industry
12.6
Forward
39.1
More Details
57.3
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
57.3
vs History
38
vs Industry
11
Median 3Y
57.3
Median 5Y
55.6
Industry
16.2
Forward
47
More Details
62.7
EV/OCF
EV/OCF
Enterprise Value to OCF
62.7
vs History
46
vs Industry
11
Median 3Y
64.3
Median 5Y
62.7
Industry
15.7
More Details
82.6
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
82.6
vs History
50
vs Industry
8
Median 3Y
93.5
Median 5Y
82.9
Industry
18.6
More Details
20
EV/IC
EV/IC
Enterprise Value to IC
20
vs History
33
vs Industry
6
Median 3Y
17.1
Median 5Y
17.7
Industry
2.6
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
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
432.1B USD 125.6 566.1 712.8 748.1
DE
SAP SE
XETRA:SAP
276.7B EUR 7.7 42.3 24.7 28.1
US
Salesforce Inc
NYSE:CRM
229.5B USD 5.8 34.4 19 26.6
US
Applovin Corp
NASDAQ:APP
213.2B USD 40.1 87.8 69.1 78
US
Intuit Inc
NASDAQ:INTU
184B USD 9.8 47.6 32.3 37.6
US
NCR Corp
LSE:0K45
161.7B USD 60.4 155.6 473.7 1 710.4
US
Adobe Inc
NASDAQ:ADBE
147.7B USD 6.4 21.2 16 17.6
US
Cadence Design Systems Inc
NASDAQ:CDNS
95.4B USD 18.7 94.2 53.4 60.7
US
Microstrategy Inc
NASDAQ:MSTR
92.5B USD 200.1 19.5 12.4 12.5
P/S Multiple
Revenue Growth P/S to Growth
SE
Fortnox AB
STO:FNOX
Average P/S: 21 310.1
25.5
22%
1.2
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
125.6
39%
3.2
DE
SAP SE
XETRA:SAP
7.7
11%
0.7
US
Salesforce Inc
NYSE:CRM
5.8
10%
0.6
US
Applovin Corp
NASDAQ:APP
40.1
26%
1.5
US
Intuit Inc
NASDAQ:INTU
9.8
13%
0.8
US
N
NCR Corp
LSE:0K45
60.4
-8%
N/A
US
Adobe Inc
NASDAQ:ADBE
6.4
10%
0.6
US
Cadence Design Systems Inc
NASDAQ:CDNS
18.7
13%
1.4
US
Microstrategy Inc
NASDAQ:MSTR
200.1
-1%
N/A
P/E Multiple
Earnings Growth PEG
SE
Fortnox AB
STO:FNOX
Average P/E: 114
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
566.1
83%
6.8
DE
SAP SE
XETRA:SAP
42.3
48%
0.9
US
Salesforce Inc
NYSE:CRM
34.4
31%
1.1
US
Applovin Corp
NASDAQ:APP
87.8
54%
1.6
US
Intuit Inc
NASDAQ:INTU
47.6
30%
1.6
US
N
NCR Corp
LSE:0K45
155.6
-49%
N/A
US
Adobe Inc
NASDAQ:ADBE
21.2
27%
0.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
94.2
34%
2.8
US
Microstrategy Inc
NASDAQ:MSTR
19.5
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBITDA: 147.1
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
712.8
122%
5.8
DE
SAP SE
XETRA:SAP
24.7
19%
1.3
US
Salesforce Inc
NYSE:CRM
19
21%
0.9
US
Applovin Corp
NASDAQ:APP
69.1
47%
1.5
US
Intuit Inc
NASDAQ:INTU
32.3
26%
1.2
US
N
NCR Corp
LSE:0K45
473.7
14%
33.8
US
Adobe Inc
NASDAQ:ADBE
16
18%
0.9
US
Cadence Design Systems Inc
NASDAQ:CDNS
53.4
27%
2
US
Microstrategy Inc
NASDAQ:MSTR
12.4
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBIT: 277.7
57.3
26%
2.2
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
748.1
124%
6
DE
SAP SE
XETRA:SAP
28.1
21%
1.3
US
Salesforce Inc
NYSE:CRM
26.6
33%
0.8
US
Applovin Corp
NASDAQ:APP
78
54%
1.4
US
Intuit Inc
NASDAQ:INTU
37.6
33%
1.1
US
N
NCR Corp
LSE:0K45
1 710.4
90%
19
US
Adobe Inc
NASDAQ:ADBE
17.6
20%
0.9
US
Cadence Design Systems Inc
NASDAQ:CDNS
60.7
30%
2
US
Microstrategy Inc
NASDAQ:MSTR
12.5
N/A N/A

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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