FormPipe Software AB (FPIP) AI Stock Analysis

• Market Cap: kr1.51B
• Dividend Yield: 1.81%
• Average Volume (3M): 12.37K
• Price to Earnings (P/E): 73.9
• Beta (1Y): 0.27
• Revenue Growth: 3.81%
• EPS Growth: -39.67%
• Country: SE
• Employees: 262
• Sector: Technology
• Sector Strength: 89
• Industry: Software - Application
• EPS (TTM): 0.10
• Shares Outstanding: 54,258,120
• 10 Day Avg. Volume: 12,261
• 30 Day Avg. Volume: 12,370
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: kr33.00
• Price Target Upside: 21.32% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: kr33.00 ▲(21.32% Upside)

FormPipe Software AB's overall stock score is driven by strong financial performance and positive technical indicators. The company's robust revenue growth, improving profitability, and stable balance sheet contribute significantly to its score. However, the high P/E ratio suggests potential overvaluation, which slightly offsets the positive aspects.

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 shows strong revenue growth and improving profitability, with stable balance sheet and robust cash flow generation. However, a low EBIT margin suggests some operational challenges.

Income Statement

FormPipe Software AB shows strong revenue growth with a TTM revenue increase of 2.6% from the previous year. The gross profit margin is robust at 56.7%, indicating efficient cost management. The net profit margin improved to 3.8% in TTM, reflecting better profitability. However, the EBIT margin is relatively low at 8.8%, suggesting some operational challenges. Overall, the company's income statement reflects healthy growth and improving profitability.

Balance Sheet

The company's balance sheet is stable, with an equity ratio of 57.7%, indicating a strong equity position. The debt-to-equity ratio is low at 0.04, suggesting low financial leverage and risk. Return on equity stands at 4.3%, which is modest but shows potential for improvement. Overall, FormPipe Software AB maintains a solid financial position with low leverage.

Cash Flow

Operating cash flow is strong at 108 million in TTM, with a healthy free cash flow of 77.2 million, reflecting good cash generation capabilities. The free cash flow to net income ratio is high, indicating efficient cash conversion. The company demonstrates effective cash management, supporting future investments and operational needs.

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

FormPipe Software AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 27.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FPIP, the sentiment is Positive. The current price of 27.2 is below the 20-day moving average (MA) of 27.95, below the 50-day MA of 27.29, and above the 200-day MA of 25.78, indicating a bullish trend. The MACD of 0.31 indicates Negative momentum. The RSI at 51.77 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	71 Outperform	kr1.51B	73.86		1.81%	3.81%	-39.67%
EXS	70 Outperform	kr1.93B	32.33	13.08%	1.22%	8.66%	-26.12%
LIME	61 Neutral	€4.38B	43.86	33.21%	1.04%	12.88%	16.11%
VIT.B	61 Neutral	kr15.14B	37.95	9.42%	0.86%	16.99%	1.34%
PACT	60 Neutral	kr2.42B	14.13	15.85%	2.69%	-2.05%	-24.44%
Sector *	55 Neutral	$294.40M	5.58	-5.25%	2.63%	11.03%	-74.02%
NETI.B	54 Neutral	kr1.36B	905.68	0.15%	―	-12.55%	-98.16%