Fortnox AB
STO:FNOX

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Fortnox AB
STO:FNOX
Watchlist
Price: 65.08 SEK 1.28% Market Closed
Market Cap: 39.7B 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 51.96 SEK. Compared to the current market price of 65.08 SEK, Fortnox AB is Overvalued by 20%.

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
51.96 SEK
Overvaluation 20%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

19.4
P/S
P/S
Price to Sales
19.4
vs History
60
vs Industry
5
Median 3Y
23.1
Median 5Y
21.5
Industry
2.3
Forward
15.6
More Details
55.9
P/E
P/E
Price to Earnings
55.9
vs History
60
vs Industry
10
Median 3Y
82.7
Median 5Y
61
Industry
22.1
Forward
43.6
More Details
52.9
P/OCF
P/OCF
Price to OCF
52.9
vs History
55
vs Industry
11
Median 3Y
69.9
Median 5Y
58.6
Industry
16.7
More Details
78.8
P/FCFE
P/FCFE
Price to FCFE
78.8
vs History
55
vs Industry
10
Median 3Y
138.9
Median 5Y
87.3
Industry
20.8
More Details
16.8
P/B
P/B
Price to Book Value
16.8
vs History
76
vs Industry
5
Median 3Y
22.4
Median 5Y
22.1
Industry
2.8
More Details
19.1
EV/S
EV/S
Enterprise Value to Sales
19.1
vs History
60
vs Industry
5
Median 3Y
22.9
Median 5Y
21.2
Industry
2.3
Forward
15.4
More Details
19.2
EV/GP
EV/GP
Enterprise Value to Gross Profit
19.2
vs History
60
vs Industry
11
Median 3Y
22.9
Median 5Y
21.3
Industry
4.7
More Details
36.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
36.3
vs History
61
vs Industry
11
Median 3Y
55.3
Median 5Y
46.7
Industry
12.5
Forward
28.3
More Details
44.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
44.5
vs History
60
vs Industry
11
Median 3Y
61.6
Median 5Y
50.8
Industry
16
Forward
33.9
More Details
52
EV/OCF
EV/OCF
Enterprise Value to OCF
52
vs History
55
vs Industry
11
Median 3Y
69.4
Median 5Y
57.7
Industry
15.4
More Details
72
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
72
vs History
57
vs Industry
8
Median 3Y
98.8
Median 5Y
79.9
Industry
18.1
More Details
15.2
EV/IC
EV/IC
Enterprise Value to IC
15.2
vs History
68
vs Industry
6
Median 3Y
16.9
Median 5Y
16.8
Industry
2.4
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
39.7B SEK 19.4 55.9 36.3 44.5
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
DE
SAP SE
XETRA:SAP
287.8B EUR 8.4 92.1 30.1 34.8
US
Salesforce Inc
NYSE:CRM
258.4B USD 6.8 41.7 22.7 33
US
Palantir Technologies Inc
NYSE:PLTR
195.6B USD 68.2 423.1 556.6 613.2
US
Adobe Inc
NASDAQ:ADBE
169.8B USD 7.7 25.2 18.7 20.8
US
Intuit Inc
NASDAQ:INTU
167.5B USD 9.8 55.2 35.2 42.1
US
NCR Corp
LSE:0K45
131.3B USD 46.4 139.2 389.4 3 210.4
US
Applovin Corp
NASDAQ:APP
92.6B USD 19.7 58.7 41.1 50.9
US
Microstrategy Inc
NASDAQ:MSTR
71.1B USD 153.5 -61 -1 727.8 -1 240.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
70.3B USD 15.1 66.6 44.1 50.4
P/S Multiple
Revenue Growth P/S to Growth
SE
Fortnox AB
STO:FNOX
Average P/S: 21 296.9
19.4
23%
0.8
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
DE
SAP SE
XETRA:SAP
8.4
13%
0.6
US
Salesforce Inc
NYSE:CRM
6.8
10%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
68.2
32%
2.1
US
Adobe Inc
NASDAQ:ADBE
7.7
10%
0.8
US
Intuit Inc
NASDAQ:INTU
9.8
13%
0.8
US
N
NCR Corp
LSE:0K45
46.4
-9%
N/A
US
Applovin Corp
NASDAQ:APP
19.7
21%
0.9
US
Microstrategy Inc
NASDAQ:MSTR
153.5
3%
51.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
15.1
13%
1.2
P/E Multiple
Earnings Growth PEG
SE
Fortnox AB
STO:FNOX
Average P/E: 106.4
55.9
27%
2.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
DE
SAP SE
XETRA:SAP
92.1
50%
1.8
US
Salesforce Inc
NYSE:CRM
41.7
31%
1.3
US
Palantir Technologies Inc
NYSE:PLTR
423.1
71%
6
US
Adobe Inc
NASDAQ:ADBE
25.2
27%
0.9
US
Intuit Inc
NASDAQ:INTU
55.2
35%
1.6
US
N
NCR Corp
LSE:0K45
139.2
-49%
N/A
US
Applovin Corp
NASDAQ:APP
58.7
38%
1.5
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -61 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
66.6
32%
2.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBITDA: 130.5
36.3
26%
1.4
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
DE
SAP SE
XETRA:SAP
30.1
19%
1.6
US
Salesforce Inc
NYSE:CRM
22.7
21%
1.1
US
Palantir Technologies Inc
NYSE:PLTR
556.6
105%
5.3
US
Adobe Inc
NASDAQ:ADBE
18.7
17%
1.1
US
Intuit Inc
NASDAQ:INTU
35.2
29%
1.2
US
N
NCR Corp
LSE:0K45
389.4
12%
32.5
US
Applovin Corp
NASDAQ:APP
41.1
38%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 727.8 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
44.1
25%
1.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Fortnox AB
STO:FNOX
Average EV/EBIT: 455.6
44.5
28%
1.6
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
DE
SAP SE
XETRA:SAP
34.8
21%
1.7
US
Salesforce Inc
NYSE:CRM
33
33%
1
US
Palantir Technologies Inc
NYSE:PLTR
613.2
108%
5.7
US
Adobe Inc
NASDAQ:ADBE
20.8
20%
1
US
Intuit Inc
NASDAQ:INTU
42.1
35%
1.2
US
N
NCR Corp
LSE:0K45
3 210.4
84%
38.2
US
Applovin Corp
NASDAQ:APP
50.9
40%
1.3
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 240.3 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
50.4
27%
1.9

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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