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

Relative Value

The Relative Value of one FNOX stock under the Base Case scenario is 25.15 SEK. Compared to the current market price of 89.4 SEK, Fortnox AB is Overvalued by 72%.

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
25.15 SEK
Overvaluation 72%
Relative Value
Price
Worst Case
Base Case
Best Case

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
NASDAQ:PLTR
321.9B USD 72.6 199.8 220.6 224.6
DE
SAP SE
XETRA:SAP
198.8B EUR 5.5 27.8 16.7 18.9
US
Salesforce Inc
NYSE:CRM
178.2B USD 4.4 24.6 14.3 19.7
US
Applovin Corp
NASDAQ:APP
137.5B USD 25 48.9 38.9 42.4
US
NCR Corp
LSE:0K45
123.7B USD 46.7 -2 027.6 351.7 1 028.9
US
Intuit Inc
NASDAQ:INTU
123.4B USD 6.4 30 20.8 24.1
US
Adobe Inc
NASDAQ:ADBE
112.2B USD 4.7 15.7 11.7 12.8
US
Synopsys Inc
NASDAQ:SNPS
79.3B USD 11.3 59.7 57.1 98.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
76.9B USD 14.8 72.7 41.2 46.7
P/S Multiple
Revenue Growth P/S to Growth
SE
Fortnox AB
STO:FNOX
Average P/S: 21 284.3
25.5
22%
1.2
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
72.6
38%
1.9
DE
SAP SE
XETRA:SAP
5.5
15%
0.4
US
Salesforce Inc
NYSE:CRM
4.4
10%
0.4
US
Applovin Corp
NASDAQ:APP
25
29%
0.9
US
N
NCR Corp
LSE:0K45
46.7
-8%
N/A
US
Intuit Inc
NASDAQ:INTU
6.4
13%
0.5
US
Adobe Inc
NASDAQ:ADBE
4.7
10%
0.5
US
Synopsys Inc
NASDAQ:SNPS
11.3
20%
0.6
US
Cadence Design Systems Inc
NASDAQ:CDNS
14.8
14%
1.1
P/E Multiple
Earnings Growth PEG
SE
Fortnox AB
STO:FNOX
Average P/E: 61.1
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
199.8
42%
4.8
DE
SAP SE
XETRA:SAP
27.8
17%
1.6
US
Salesforce Inc
NYSE:CRM
24.6
32%
0.8
US
Applovin Corp
NASDAQ:APP
48.9
61%
0.8
US
N
NCR Corp
LSE:0K45
Negative Multiple: -2 027.6
-48%
N/A
US
Intuit Inc
NASDAQ:INTU
30
31%
1
US
Adobe Inc
NASDAQ:ADBE
15.7
20%
0.8
US
Synopsys Inc
NASDAQ:SNPS
59.7
43%
1.4
US
Cadence Design Systems Inc
NASDAQ:CDNS
72.7
34%
2.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBITDA: 83
57.3
25%
2.3
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
220.6
N/A N/A
DE
SAP SE
XETRA:SAP
16.7
14%
1.2
US
Salesforce Inc
NYSE:CRM
14.3
25%
0.6
US
Applovin Corp
NASDAQ:APP
38.9
53%
0.7
US
N
NCR Corp
LSE:0K45
351.7
16%
22
US
Intuit Inc
NASDAQ:INTU
20.8
27%
0.8
US
Adobe Inc
NASDAQ:ADBE
11.7
15%
0.8
US
Synopsys Inc
NASDAQ:SNPS
57.1
55%
1
US
Cadence Design Systems Inc
NASDAQ:CDNS
41.2
27%
1.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBIT: 157.4
57.3
26%
2.2
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
224.6
N/A N/A
DE
SAP SE
XETRA:SAP
18.9
15%
1.3
US
Salesforce Inc
NYSE:CRM
19.7
34%
0.6
US
Applovin Corp
NASDAQ:APP
42.4
58%
0.7
US
N
NCR Corp
LSE:0K45
1 028.9
70%
14.7
US
Intuit Inc
NASDAQ:INTU
24.1
31%
0.8
US
Adobe Inc
NASDAQ:ADBE
12.8
16%
0.8
US
Synopsys Inc
NASDAQ:SNPS
98.3
73%
1.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
46.7
30%
1.6