FormPipe Software AB (FPIP) AI Stock Analysis

• Market Cap: kr1.46B
• Dividend Yield: 1.87%
• Average Volume (3M): 33.84K
• Price to Earnings (P/E): 72.8
• Beta (1Y): 0.14
• Revenue Growth: -8.38%
• EPS Growth: -38.17%
• Country: SE
• Employees: 262
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.15
• Shares Outstanding: 54,258,120
• 10 Day Avg. Volume: 41,383
• 30 Day Avg. Volume: 33,839
• PEG Ratio: -1.37
• Price to Book (P/B): 2.55
• Price to Sales (P/S): 2.35
• P/FCF Ratio: 25.70
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: kr29.00 ▲(2.11% Upside)

FormPipe Software AB's overall stock score reflects a stable financial position with strong cash flow and low leverage, which are significant strengths. The technical analysis supports a positive outlook with bullish indicators. However, the high P/E ratio suggests potential overvaluation, which is a notable risk. The absence of recent earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and effective sales strategies, suggesting a positive outlook for future earnings.

Balance Sheet Health

A low debt-to-equity ratio reflects prudent financial management, providing stability and flexibility for future investments and growth.

Cash Generation Ability

Strong operating cash flow indicates efficient cash management, supporting ongoing operations and potential reinvestment opportunities.

Negative Factors

Decline in Free Cash Flow

A decline in free cash flow could limit the company's ability to invest in growth initiatives or return capital to shareholders, impacting long-term growth.

Modest Return on Equity

A modest return on equity suggests limited profitability relative to shareholder investments, which may affect investor confidence and capital raising.

Low Net Profit Margin

A low net profit margin indicates potential inefficiencies or high costs, which could hinder profitability and competitiveness in the long term.

FormPipe Software AB Business Overview & Revenue Model

Company Description

Formpipe Software AB (publ), a software company, develops and provides content services in Sweden, Denmark, the United Kingdom, Germany, the United States, and internationally. The company provides various software products that are used to create, store, distribute, automate, relocate, archive, and manage information, data, and metadata. It offers Acadre for document management, record keeping, and controlling the organization's data; Adoxa, a product that helps organizations to ensure automatic general data protection regulation compliance and data quality; ATOM, a technical solution for municipalities; Contentworker, a Microsoft based document management system; FAS, a platform for digitizing of fund work; Formpipe Cloud, a cloud solution for document generation, delivery, and archiving; and Autoform DM, a windows based digital archiving solution for cutting edge applications. The company also provides Lasernet for document input management; Lasernet Vault365, a solution that supports data migration and Microsoft Dynamics 365 implementation; Long-Term Archive, a digital data preservation solution; Meetings Plus, a digital meeting management software; OnDemand, an information-secure Swedish cloud solution; Platina, a digitized document and case management; Platina LS, a platform that delivers an enterprise-level capabilities for the life science industry regulatory requirements; and Portal Bas, a platform for e-services and a publishing solution. In addition, it offers Solution Management, a software that streamlines system with an internal resource; TAP, a business platform that supports and automates business processes; TAS, a platform for grant management; W3D3, a cloud service for document and case management; and X-docs, an electronic quality management system, which manages quality processes and safeguard the compliance. It serves banking, retail, manufacturing, utilities, legal, and life science industries. The company is headquartered in Stockholm, Sweden.

How the Company Makes Money

FormPipe Software AB generates revenue through a combination of software licensing, subscription fees, and professional services. The company primarily earns money by selling its software solutions to public sector entities and regulated businesses, which often require ongoing support and maintenance services. Subscription-based revenue from cloud services also contributes significantly to earnings, as organizations increasingly adopt SaaS models for their software needs. Additionally, FormPipe engages in strategic partnerships with other technology providers to enhance its offerings, which can lead to joint sales opportunities and further revenue generation.

FormPipe Software AB Financial Statement Overview

Summary

FormPipe Software AB shows 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 indicate 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	480.35M	528.95M	525.16M	485.10M	473.20M	403.13M
Gross Profit	272.04M	294.12M	295.74M	256.69M	277.44M	223.22M
EBITDA	110.35M	92.21M	112.73M	69.69M	134.97M	104.95M
Net Income	20.13M	17.09M	36.91M	8.76M	50.44M	41.39M
Balance Sheet
Total Assets	302.83M	854.27M	835.97M	782.54M	704.25M	720.52M
Cash, Cash Equivalents and Short-Term Investments	33.91M	46.52M	39.74M	4.78M	18.07M	58.59M
Total Debt	11.71M	24.96M	37.84M	44.21M	13.72M	64.19M
Total Liabilities	-171.35M	368.10M	356.52M	340.53M	274.61M	321.65M
Stockholders Equity	474.18M	486.17M	479.44M	442.02M	429.64M	398.86M
Cash Flow
Free Cash Flow	79.17M	48.32M	50.94M	19.12M	40.28M	69.02M
Operating Cash Flow	132.81M	109.38M	110.68M	80.72M	99.03M	115.00M
Investing Cash Flow	-52.84M	-62.72M	-59.03M	-91.85M	-58.75M	-92.05M
Financing Cash Flow	-52.79M	-44.31M	-18.12M	-6.29M	-84.63M	3.06M

FormPipe Software AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 28.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 28.4 is above the 20-day moving average (MA) of 25.74, above the 50-day MA of 26.23, and above the 200-day MA of 26.55, indicating a bullish trend. The MACD of 0.55 indicates Negative momentum. The RSI at 64.38 is Neutral, neither overbought nor oversold. The STOCH value of 86.46 is Negative, 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
ENEA	71 Outperform	kr1.45B	13.19	―	―	0.86%	73.68%
FPIP	68 Neutral	kr1.46B	72.78	―	1.87%	-8.38%	-38.17%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LIME	59 Neutral	€4.74B	45.65	32.28%	1.25%	11.23%	16.24%
CINT	47 Neutral	€1.20B	23.90	1.00%	―	-21.66%	―
SEYE	44 Neutral	kr2.69B	―	―	―	10.25%	-698.93%

FormPipe Software AB Corporate Events

FormPipe Software AB Reports Strong Q3 2025, Focuses on Lasernet Growth

FormPipe Software AB reported a strong third quarter in 2025 with a significant increase in profitability and sales, driven by its Lasernet division. The company is divesting its Public business area and will focus on Lasernet, which has shown consistent growth and profitability, supported by a scalable business model and strategic investments in growth initiatives.

The most recent analyst rating on (SE:FPIP) stock is a Hold with a SEK27.00 price target. To see the full list of analyst forecasts on FormPipe Software AB stock, see the SE:FPIP Stock Forecast page.

Formpipe Software AB Sells Public Sector Business to Focus on Lasernet

Formpipe Software AB held an Extraordinary General Meeting where shareholders approved the sale of its Public Sector business area to a holding company of STG for up to SEK 850 million. This strategic move allows Formpipe to concentrate on its Lasernet business area, a leading SaaS platform for enterprise document and customer communication, enhancing its focus on recurring revenue and global partner network.

The most recent analyst rating on (SE:FPIP) stock is a Hold with a SEK30.00 price target. To see the full list of analyst forecasts on FormPipe Software AB stock, see the SE:FPIP Stock Forecast page.