Fortnox AB
STO:FNOX

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Fortnox AB
STO:FNOX
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Price: 72.82 SEK 0.69% Market Closed
Market Cap: 44.4B SEK
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Relative Value

The Relative Value of one FNOX stock under the Base Case scenario is 42.28 SEK. Compared to the current market price of 72.82 SEK, Fortnox AB is Overvalued by 42%.

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
42.28 SEK
Overvaluation 42%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

24.2
P/S
P/S
Price to Sales
24.2
vs History
42
vs Industry
4
Median 3Y
23.8
Median 5Y
21.6
Industry
2.4
Forward
21.1
More Details
68.3
P/E
P/E
Price to Earnings
68.3
vs History
46
vs Industry
10
Median 3Y
83.6
Median 5Y
61
Industry
23.2
Forward
63.4
More Details
74.4
P/OCF
P/OCF
Price to OCF
74.4
vs History
34
vs Industry
8
Median 3Y
70.9
Median 5Y
64.1
Industry
17.4
More Details
171.5
P/FCFE
P/FCFE
Price to FCFE
171.5
vs History
20
vs Industry
4
Median 3Y
149
Median 5Y
93.8
Industry
21.3
More Details
22.5
P/B
P/B
Price to Book Value
22.5
vs History
57
vs Industry
4
Median 3Y
23.9
Median 5Y
22.4
Industry
2.9
More Details
24.1
EV/S
EV/S
Enterprise Value to Sales
24.1
vs History
44
vs Industry
5
Median 3Y
23.8
Median 5Y
21.5
Industry
2.4
Forward
20.9
More Details
24.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
24.1
vs History
44
vs Industry
9
Median 3Y
23.9
Median 5Y
21.5
Industry
4.9
More Details
58.7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
58.7
vs History
34
vs Industry
8
Median 3Y
55.8
Median 5Y
48.1
Industry
12.9
Forward
40.8
More Details
58.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
58.7
vs History
44
vs Industry
9
Median 3Y
62.3
Median 5Y
52.4
Industry
16.5
Forward
50
More Details
73.9
EV/OCF
EV/OCF
Enterprise Value to OCF
73.9
vs History
34
vs Industry
8
Median 3Y
70.4
Median 5Y
63.5
Industry
16.3
More Details
111.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
111.1
vs History
28
vs Industry
5
Median 3Y
101.9
Median 5Y
93.7
Industry
19
More Details
17.5
EV/IC
EV/IC
Enterprise Value to IC
17.5
vs History
53
vs Industry
5
Median 3Y
17.3
Median 5Y
16.6
Industry
2.5
More Details

Multiples Across Competitors

FNOX Competitors Multiples
Fortnox AB Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
SE
Fortnox AB
STO:FNOX
44.4B SEK 24.2 68.3 58.7 58.7
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
US
Salesforce Inc
NYSE:CRM
328.5B USD 8.8 55.4 29.8 44.2
DE
SAP SE
XETRA:SAP
276.2B EUR 8.3 97.4 30.3 35.3
US
Adobe Inc
NASDAQ:ADBE
196.8B USD 9.2 35.4 24.3 24.9
US
NCR Corp
LSE:0K45
187.9B USD 27.5 396.5 375.7 1 133.9
US
Palantir Technologies Inc
NYSE:PLTR
182.8B USD 69.1 383.6 448.2 488.2
US
Intuit Inc
NASDAQ:INTU
180.2B USD 10.9 61.7 39.5 47.7
US
Applovin Corp
NASDAQ:APP
114.4B USD 26.7 99.5 59.4 76.4
US
Cadence Design Systems Inc
NASDAQ:CDNS
82.7B USD 19 79.6 56.8 64.9
US
Synopsys Inc
NASDAQ:SNPS
75.6B USD 12.4 50.5 42.8 49.9
P/S Multiple
Revenue Growth P/S to Growth
SE
Fortnox AB
STO:FNOX
Average P/S: 21 284.3
24.2
93%
0.3
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Salesforce Inc
NYSE:CRM
8.8
31%
0.3
DE
SAP SE
XETRA:SAP
8.3
37%
0.2
US
Adobe Inc
NASDAQ:ADBE
9.2
35%
0.3
US
N
NCR Corp
LSE:0K45
27.5
-40%
N/A
US
Palantir Technologies Inc
NYSE:PLTR
69.1
93%
0.7
US
Intuit Inc
NASDAQ:INTU
10.9
44%
0.2
US
Applovin Corp
NASDAQ:APP
26.7
106%
0.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
19
47%
0.4
US
Synopsys Inc
NASDAQ:SNPS
12.4
34%
0.4
P/E Multiple
Earnings Growth P/E to Growth
SE
Fortnox AB
STO:FNOX
Average P/E: 132.8
68.3
103%
0.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Salesforce Inc
NYSE:CRM
55.4
197%
0.3
DE
SAP SE
XETRA:SAP
97.4
41%
2.4
US
Adobe Inc
NASDAQ:ADBE
35.4
109%
0.3
US
N
NCR Corp
LSE:0K45
396.5
N/A N/A
US
Palantir Technologies Inc
NYSE:PLTR
383.6
533%
0.7
US
Intuit Inc
NASDAQ:INTU
61.7
145%
0.4
US
Applovin Corp
NASDAQ:APP
99.5
645%
0.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
79.6
111%
0.7
US
Synopsys Inc
NASDAQ:SNPS
50.5
119%
0.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBITDA: 116.5
58.7
113%
0.5
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Salesforce Inc
NYSE:CRM
29.8
90%
0.3
DE
SAP SE
XETRA:SAP
30.3
71%
0.4
US
Adobe Inc
NASDAQ:ADBE
24.3
82%
0.3
US
N
NCR Corp
LSE:0K45
375.7
-29%
N/A
US
Palantir Technologies Inc
NYSE:PLTR
448.2
1 004%
0.4
US
Intuit Inc
NASDAQ:INTU
39.5
111%
0.4
US
Applovin Corp
NASDAQ:APP
59.4
261%
0.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
56.8
102%
0.6
US
Synopsys Inc
NASDAQ:SNPS
42.8
114%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBIT: 202.4
58.7
118%
0.5
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Salesforce Inc
NYSE:CRM
44.2
170%
0.3
DE
SAP SE
XETRA:SAP
35.3
86%
0.4
US
Adobe Inc
NASDAQ:ADBE
24.9
79%
0.3
US
N
NCR Corp
LSE:0K45
1 133.9
120%
9.5
US
Palantir Technologies Inc
NYSE:PLTR
488.2
1 184%
0.4
US
Intuit Inc
NASDAQ:INTU
47.7
152%
0.3
US
Applovin Corp
NASDAQ:APP
76.4
425%
0.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
64.9
112%
0.6
US
Synopsys Inc
NASDAQ:SNPS
49.9
131%
0.4

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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