FormPipe Software AB (FPIP) AI Stock Analysis

• Market Cap: kr1.46B
• Dividend Yield: 1.58%
• Average Volume (3M): 21.46K
• Price to Earnings (P/E): 116.4
• Beta (1Y): 0.29
• Revenue Growth: 6.08%
• EPS Growth: -66.50%
• Country: SE
• Employees: 262
• Sector: Technology
• Sector Strength: 81
• Industry: Software - Application
• EPS (TTM): 0.00
• Shares Outstanding: 54,258,120
• 10 Day Avg. Volume: 9,999
• 30 Day Avg. Volume: 21,458
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr35.00
• Price Target Upside: 29.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: kr35.00 ▲(29.63% Upside)

FormPipe Software AB's strong financial performance and positive technical indicators are offset by its high valuation. The company's robust revenue growth and efficient operations are key strengths, but the high P/E ratio suggests caution. The absence of earnings call insights and corporate events means these factors do not influence the score.

FormPipe Software AB Business Overview & Revenue Model

Company Description

FormPipe Software AB (FPIP) is a Swedish software company specializing in the development and provision of enterprise content management (ECM) solutions. The company focuses on delivering digital solutions that streamline and automate document and data management processes for organizations across various sectors, including public sector, banking, insurance, and manufacturing. FormPipe's core products and services include software for document management, case management, automated workflows, and digital archiving, all aimed at enhancing operational efficiency and regulatory compliance.

How the Company Makes Money

FormPipe Software AB generates revenue primarily through the sale of software licenses, subscription services, and maintenance and support agreements. The company's revenue model includes upfront license fees for its software solutions, as well as recurring revenue from subscription-based services and ongoing support contracts. Additionally, FormPipe benefits from significant partnerships with technology providers and system integrators, which help expand its market reach and customer base. Consultancy and implementation services also contribute to the company's earnings, as clients often require assistance in customizing and deploying FormPipe's solutions to meet their specific needs.

FormPipe Software AB Financial Statement Overview

Summary

FormPipe Software AB demonstrates strong revenue growth and efficient operations with healthy margins and a robust balance sheet. However, the decline in free cash flow and modest return on equity suggest areas for improvement.

Income Statement

FormPipe Software AB has demonstrated strong revenue growth, particularly with a 26.1% increase in the TTM period. The gross profit margin remains robust at 56.7%, indicating effective cost management. However, the net profit margin is relatively low at 3.8%, suggesting room for improvement in profitability. The EBIT and EBITDA margins are healthy, reflecting efficient operational performance.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.043, indicating prudent financial leverage. The return on equity is modest at 4.2%, suggesting moderate profitability relative to shareholder equity. The equity ratio of 59.3% highlights a strong capital structure with significant equity financing.

Cash Flow

Operating cash flow remains strong, but free cash flow has declined by 19.1% in the TTM period, which could impact future investments. The operating cash flow to net income ratio is healthy at 3.6, indicating good cash generation relative to earnings. However, the free cash flow to net income ratio of 0.71 suggests some pressure on free cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	549.57M	528.95M	525.16M	485.10M	473.20M	403.13M
Gross Profit	313.02M	294.12M	295.74M	256.69M	277.44M	223.22M
EBITDA	117.53M	92.21M	112.73M	70.34M	134.97M	104.95M
Net Income	12.58M	17.09M	36.91M	8.76M	50.44M	41.39M
Balance Sheet
Total Assets	787.34M	854.27M	835.97M	782.54M	704.25M	720.52M
Cash, Cash Equivalents and Short-Term Investments	36.30M	46.52M	39.74M	4.78M	18.07M	58.59M
Total Debt	8.38M	24.96M	37.84M	44.21M	13.72M	64.19M
Total Liabilities	320.29M	368.10M	356.52M	340.53M	274.61M	321.65M
Stockholders Equity	467.06M	486.17M	479.44M	442.02M	429.64M	398.86M
Cash Flow
Free Cash Flow	62.51M	48.32M	50.94M	19.12M	40.28M	69.02M
Operating Cash Flow	103.28M	109.38M	110.68M	80.72M	99.03M	115.00M
Investing Cash Flow	-53.88M	-62.72M	-59.03M	-91.85M	-58.75M	-92.05M
Financing Cash Flow	-53.26M	-44.31M	-18.12M	-6.29M	-84.63M	3.06M

FormPipe Software AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 27.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FPIP, the sentiment is Negative. The current price of 27 is below the 20-day moving average (MA) of 27.99, below the 50-day MA of 27.83, and above the 200-day MA of 26.06, indicating a neutral trend. The MACD of -0.22 indicates Positive momentum. The RSI at 42.92 is Neutral, neither overbought nor oversold. The STOCH value of 9.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:FPIP.

FormPipe Software AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FPIP	72 Outperform	kr1.46B	116.43		1.58%	6.08%	-66.50%
Sector *	54 Neutral	$297.28M	3.24	-13.34%	2.74%	5.71%	-76.50%
8QX	―	€220.65M	35.26	1.38%	―	―	―
LTX	―	€404.70M	44.25	33.21%	―	―	―
GENI	―	kr628.12M	20.13		3.13%	―	―
ENEA	66 Neutral	kr1.62B	21.35		―	1.38%	-5.29%
SEYE	54 Neutral	kr3.16B	―		―	4.86%	-513.15%

FormPipe Software AB Corporate Events

Formpipe Software AB Calls for EGM to Discuss Strategic Divestment

Formpipe Software AB has announced an Extraordinary General Meeting (EGM) scheduled for September 17, 2025, where shareholders can vote on the proposed divestment of the company’s Public Sector business area. This strategic move could significantly impact Formpipe’s market positioning by allowing it to concentrate on other core areas, potentially affecting stakeholders and the company’s future growth trajectory.

The most recent analyst rating on (SE:FPIP) stock is a Buy with a SEK33.00 price target. To see the full list of analyst forecasts on FormPipe Software AB stock, see the SE:FPIP Stock Forecast page.

Formpipe Software Reports Growth and Strategic Divestment in Q2 2025

Formpipe Software AB reported a 5% increase in net sales for Q2 2025, driven by growth in its Lasernet division, despite challenges from currency fluctuations. The company announced the divestment of its Public business area to STG Partners, allowing it to focus on expanding its Lasernet business internationally, with plans to elaborate on this strategy in an upcoming Capital Markets Day.

Formpipe Software AB Divests Public Sector Business to Focus on Lasernet

Formpipe Software AB has announced the divestment of its Public Sector business area to a holding company of STG for up to SEK 850 million. This strategic move allows Formpipe to focus entirely on its Lasernet business, enhancing shareholder value and enabling a substantial distribution of proceeds to shareholders. The transaction is expected to close in Q4 2025, pending necessary approvals, and will involve the rebranding of the company post-completion.