Fortnox AB (publ)
Fortnox AB (publ) Fundamental Analysis
Fortnox AB (publ) (FNOXF) shows moderate financial fundamentals with a PE ratio of 114.55, profit margin of 37.81%, and ROE of 16.91%. The company generates $1.2B in annual revenue with strong year-over-year growth of 24.54%.
Key Strengths
Areas of Concern
The stock receives a Fundamental Health Score of 81.8/100 based on profitability, valuation, growth, and balance sheet metrics. The B+ grade reflects solid fundamentals with room for improvement in valuation or growth.
Fundamental Health Score
We analyze FNOXF's fundamental strength across five key dimensions:
Efficiency Score
ExcellentFNOXF demonstrates superior asset utilization.
Valuation Score
ModerateFNOXF shows balanced valuation metrics.
Growth Score
ExcellentFNOXF delivers strong and consistent growth momentum.
Financial Health Score
ExcellentFNOXF maintains a strong and stable balance sheet.
Profitability Score
ExcellentFNOXF achieves industry-leading margins.
Key Financial Metrics
Is FNOXF Expensive or Cheap?
P/E Ratio
FNOXF trades at 114.55 times earnings. This suggests a premium valuation.
PEG Ratio
When adjusting for growth, FNOXF's PEG of 1.43 indicates fair valuation.
Price to Book
The market values Fortnox AB (publ) at 18.58 times its book value. This suggests the stock is fully valued or overvalued on an asset basis.
EV/EBITDA
Enterprise value stands at 88.29 times EBITDA. This signals the market has high growth expectations.
How Well Does FNOXF Make Money?
Net Profit Margin
For every $100 in sales, Fortnox AB (publ) keeps $37.81 as profit after all expenses.
Operating Margin
Core operations generate 45.33 in profit for every $100 in revenue, before interest and taxes.
ROE
Management delivers $16.91 in profit for every $100 of shareholder equity.
ROA
Fortnox AB (publ) generates $11.54 in profit for every $100 in assets, demonstrating efficient asset deployment.
Following the Money - Real Cash Generation
Operating Cash Flow
Fortnox AB (publ) generates strong operating cash flow of $349.13M, reflecting robust business health.
Free Cash Flow
Fortnox AB (publ) generates strong free cash flow of $241.20M, providing ample flexibility for dividends, buybacks, or growth.
FCF Per Share
Each share generates $0.36 in free cash annually.
FCF Yield
FNOXF converts 0.42% of its market value into free cash.
Financial Ratios Analysis
Valuation Ratios
P/E Ratio
Price to earnings ratio
114.55
vs 25 benchmark
PEG Ratio
Price/earnings to growth ratio
1.43
vs 25 benchmark
P/B Ratio
Price to book value ratio
18.58
vs 25 benchmark
P/S Ratio
Price to sales ratio
47.70
vs 25 benchmark
Financial Health
Debt/Equity
Total debt to shareholders' equity
0.07
vs 25 benchmark
Current Ratio
Current assets to current liabilities
2.37
vs 25 benchmark
Efficiency Ratios
ROE
Return on equity percentage
0.17
vs 25 benchmark
ROA
Return on assets percentage
0.12
vs 25 benchmark
ROCE
Return on capital employed
0.18
vs 25 benchmark
How FNOXF Stacks Against Its Sector Peers
| Metric | FNOXF Value | Sector Average | Performance |
|---|---|---|---|
| P/E Ratio | 114.55 | 33.48 | Worse (Expensive) |
| ROE | 16.91% | 1013.00% | Weak |
| Net Margin | 37.81% | -102412.00% (disorted) | Strong |
| Debt/Equity | 0.07 | 0.45 | Strong (Low Leverage) |
| Current Ratio | 2.37 | 6.17 | Strong Liquidity |
| ROA | 11.54% | -292540.00% (disorted) | Strong |
FNOXF outperforms its industry in 4 out of 6 key metrics, particularly excelling in Net Margin, but lagging in P/E Ratio.
Historical Growth Performance
5-Year Growth Trajectory
This section reviews Fortnox AB (publ)'s 5-year compound annual growth rate (CAGR) and compares its performance against the typical investment style of its industry.
Revenue CAGR
276.71%
Industry Style: Growth, Innovation, High Beta
High GrowthEPS CAGR
415.71%
Industry Style: Growth, Innovation, High Beta
High GrowthFCF CAGR
298.36%
Industry Style: Growth, Innovation, High Beta
High Growth