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FormPipe Software AB
(LASER)
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Rating:69Neutral
Price Target:
kr32.00
▲(23.08% Upside)
Action:Reiterated
Date:06/05/26
The score is driven primarily by strong valuation (very low P/E) and high financial resilience from an extremely low-debt balance sheet. These positives are tempered by weaker business momentum (TTM revenue decline and weak cash-flow conversion) and a technically overbought setup (RSI > 70) despite a clear uptrend above key moving averages.
Positive Factors
Extremely low leverage
Minimal debt reduces financial risk and interest burden, giving FormPipe flexibility to invest, withstand slower growth, and fund operations without relying heavily on external financing.
Negative Factors
Sharp revenue contraction
A sharp top-line decline weakens the scale of the business and can pressure future investment capacity. The shift from prior growth to contraction suggests demand, execution, or customer timing issues that may persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Extremely low leverage
Minimal debt reduces financial risk and interest burden, giving FormPipe flexibility to invest, withstand slower growth, and fund operations without relying heavily on external financing.
Read all positive factors
FormPipe Software AB (LASER) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr858.87M
Dividend Yield1.71%
Average Volume (3M)33.84K
Price to Earnings (P/E)3.2
Beta (1Y)0.02
Revenue Growth-40.78%
EPS Growth2331.24%
CountrySE
Employees79
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)9.15
Shares Outstanding29,312,916
10 Day Avg. Volume41,383
30 Day Avg. Volume33,839
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.66
Price to Sales (P/S)5.95
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.41
Revenue Forecast (FY)kr246.37M
FormPipe Software AB Business Overview & Revenue Model
Company Description
Lasernet Group AB (publ) provides software and consulting services for capturing, managing, and distributing information in Sweden, Denmark, the rest of Nordic countries, the United Kingdom, Germany, the rest of Europe, North America, and internat...
How the Company Makes Money
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FormPipe Software AB Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
88
Very Positive
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 321.41M | 242.40M | 528.95M | 525.16M | 485.10M | 473.20M |
| Gross Profit | 136.56M | 146.43M | 294.12M | 295.74M | 256.69M | 277.44M |
| EBITDA | 83.53M | 35.47M | 92.21M | 112.73M | 69.69M | 134.97M |
| Net Income | 496.52M | 495.07M | 17.09M | 36.91M | 8.76M | 50.44M |
Balance Sheet | ||||||
| Total Assets | 1.06B | 1.07B | 854.27M | 835.97M | 782.54M | 704.25M |
| Cash, Cash Equivalents and Short-Term Investments | 816.27M | 821.34M | 46.52M | 39.74M | 4.78M | 18.07M |
| Total Debt | 1.49M | 1.77M | 24.96M | 37.84M | 44.21M | 13.72M |
| Total Liabilities | 186.09M | 195.36M | 368.10M | 356.52M | 340.53M | 274.61M |
| Stockholders Equity | 869.75M | 870.12M | 486.17M | 479.44M | 442.02M | 429.64M |
Cash Flow | ||||||
| Free Cash Flow | 30.93M | 50.38M | 48.32M | 50.94M | 19.12M | 40.28M |
| Operating Cash Flow | 10.29M | 34.74M | 109.38M | 110.68M | 80.72M | 99.03M |
| Investing Cash Flow | 814.22M | 803.55M | -62.72M | -59.03M | -91.85M | -58.75M |
| Financing Cash Flow | -44.51M | -40.64M | -44.31M | -18.12M | -6.29M | -84.63M |
FormPipe Software AB Technical Analysis
Neutral
26.00
Price Trends
29.76
Negative
26.10
Positive
25.30
Positive
Market Momentum
0.02
Positive
46.77
Neutral
43.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LASER, the sentiment is Neutral. The current price of 26 is below the 20-day moving average (MA) of 29.73, below the 50-day MA of 29.76, and above the 200-day MA of 25.30, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 46.77 is Neutral, neither overbought nor oversold. The STOCH value of 43.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:LASER.
FormPipe Software AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | kr507.66M | 16.11 | ― | 3.48% | 4.84% | 5.70% | |
71 Outperform | kr3.17B | 26.56 | 32.94% | 1.41% | 8.48% | 19.59% | |
69 Neutral | kr858.87M | 3.24 | ― | 1.92% | -40.78% | 2331.24% | |
56 Neutral | kr1.21B | 11.37 | ― | ― | -1.56% | 59.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | kr3.75B | -26.05 | ― | ― | 22.58% | 39.84% |
* General Sector Average
SE:LASER
FormPipe Software AB
29.30
0.68
2.38%
SE:LIME
Lime Technologies AB
238.50
-90.35
-27.47%
SE:GENI
Generic Sweden AB
40.60
-12.17
-23.06%
SE:SEYE
Smart Eye AB
96.90
33.90
53.81%
SE:ENEA
Enea AB
63.90
-11.10
-14.80%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.