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v0.1
FPIP.ST$19.70-1.49%
Fair $19.70+0.0%

FPIP.ST

Formpipe Software AB (publ)

Technology / Software - ApplicationStockholm

$19.70

-0.30 (-1.49%)

Fairly Valued+0.0%Fair Value $19.70Fund rank 35/100 · Data gapFallback financials|
SA 37/D
F-Score: 6/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $50.9M · quality 65.7/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 61/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

37/100

D

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · FPIP.STLocal privado en este navegador · Formpipe Software AB (publ)
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$1.1B

P/E

2.2x

↓

EV/EBITDA

N/A

•

ROE

56.9%

↑

Gross Margin

60.2%

↑

Debt/Equity

0.00

↓
52-Week Range$20
$18$32

TradingView lightweight chart

FPIP.ST price, volumen y niveles de valoración

Último $19.80Periodo +2603.2%
Fair value: $19.70

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-20.5%

FCF CAGR

+38.1%

FCF margin

20.7%

FCF / Net income

0.10x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $243.3M · net income $495.1M · FCF $50.4M

2022-FY → 2025-FY

Gross margin

60.2%+7.3% pts

Operating margin

6.0%+2.7% pts

Net margin

203.5%+201.7% pts

FCF margin

20.7%+16.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$243.3M$243.3M$222.6M$525.2M$485.1M
Net Income$495.1M$495.1M$17.1M$36.9M$8.8M
EBITDA$-35.4M$-35.4M$12.5M$112.3M$69.7M
EPS9.129.120.320.680.16
Gross Margin60.2%60.2%52.4%56.3%52.9%
Operating Margin6.0%6.0%-5.1%9.6%3.2%
Net Margin203.5%203.5%7.7%7.0%1.8%
Balance Sheet
Debt/Equity0.000.000.050.080.10
Current Ratio4.854.85———
Cash Flow
Free Cash Flow$50.4M$50.4M$94.2M$50.9M$19.1M
Returns
ROE56.9%56.9%3.5%7.7%2.0%
Valuation
P/E2.162.1680.3139.56131.88
EV/EBITDA——109.7212.9716.96
P/B1.231.232.873.042.58
Growth & Yield
Revenue Growth9.3%9.3%-57.6%8.3%—
EPS Growth2750.0%2750.0%-52.9%325.0%—
Dividend Yield2.5%2.5%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-42.3%

fácil

EPS terminal req.

$1.75

Spread vs growth

2792.3%

5Y implied EPS CAGR

-25.3%

fácil

EPS terminal req.

$2.12

Spread vs growth

2775.3%

10Y implied EPS CAGR

-9.4%

fácil

EPS terminal req.

$3.41

Spread vs growth

2759.4%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -24.4%

Total return

-24.4%

Start / end P/E

84.7x → 2.2x

EPS bridge

0.32 → 9.12

Residual

-2679.5%

EPS growth+2750.0%
Multiple rerating-97.4%
Dividend+2.5%
Residual / FX / buybacks / cross-term-2679.5%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.