Financials Stillfront Group AB

Equities

SF

SE0015346135

Software

Market Closed - Nasdaq Stockholm 11:29:31 2024-05-03 am EDT 5-day change 1st Jan Change
10.81 SEK -1.99% Intraday chart for Stillfront Group AB +8.92% -11.18%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,680 34,367 18,699 8,991 6,304 5,599 - -
Enterprise Value (EV) 1 10,500 36,181 22,348 12,817 10,419 9,613 8,889 8,204
P/E ratio 27.5 x 56.2 x 30 x 15.2 x 1,217 x 13.8 x 9.47 x 7.68 x
Yield - - - - - - - -
Capitalization / Revenue 4.92 x 8.61 x 3.43 x 1.27 x 0.9 x 0.79 x 0.77 x 0.74 x
EV / Revenue 5.34 x 9.07 x 4.1 x 1.82 x 1.49 x 1.36 x 1.22 x 1.09 x
EV / EBITDA 13.7 x 21.3 x 10.5 x 4.94 x 4.15 x 4.04 x 3.49 x 3.07 x
EV / FCF 45.9 x 45.9 x 22.7 x 12.8 x 12.2 x 10.3 x 8.63 x 7.1 x
FCF Yield 2.18% 2.18% 4.4% 7.82% 8.23% 9.66% 11.6% 14.1%
Price to Book 4.99 x 5.65 x 1.91 x 0.63 x 0.46 x 0.39 x 0.37 x 0.37 x
Nbr of stocks (in thousands) 263,395 343,672 387,134 513,199 517,968 517,968 - -
Reference price 2 36.75 100.0 48.30 17.52 12.17 10.81 10.81 10.81
Announcement Date 2/19/20 2/17/21 2/16/22 2/15/23 2/7/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,967 3,991 5,455 7,058 6,982 7,094 7,304 7,525
EBITDA 1 768 1,697 2,124 2,595 2,510 2,381 2,548 2,675
EBIT 1 645 1,493 1,802 2,005 1,696 1,721 1,915 2,080
Operating Margin 32.79% 37.41% 33.03% 28.41% 24.29% 24.25% 26.22% 27.64%
Earnings before Tax (EBT) 1 454 799 793 753 156 559.9 829.5 1,061
Net income 1 338 580 590 559 7 419.2 638.4 852.7
Net margin 17.18% 14.53% 10.82% 7.92% 0.1% 5.91% 8.74% 11.33%
EPS 2 1.336 1.780 1.610 1.150 0.0100 0.7828 1.141 1.408
Free Cash Flow 1 229 788 984 1,002 857 929 1,030 1,155
FCF margin 11.64% 19.74% 18.04% 14.2% 12.27% 13.1% 14.1% 15.35%
FCF Conversion (EBITDA) 29.82% 46.43% 46.33% 38.61% 34.14% 39.02% 40.44% 43.18%
FCF Conversion (Net income) 67.75% 135.86% 166.78% 179.25% 12,242.86% 221.62% 161.39% 135.46%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/19/20 2/17/21 2/16/22 2/15/23 2/7/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,442 1,678 1,811 1,787 1,781 1,758 1,812 1,671 1,742 1,739 1,822 1,730 1,823 1,800 1,931
EBITDA 1 556 616 639 668 672 639 708 593 569 516 695.1 666.7 640.4 651 745
EBIT 1 460 502 500 518 485 452 509 162 354 304 512.5 495.5 463.5 464 548
Operating Margin 31.9% 29.92% 27.61% 28.99% 27.23% 25.71% 28.09% 9.69% 20.32% 17.48% 28.14% 28.64% 25.42% 25.78% 28.38%
Earnings before Tax (EBT) 1 180 199 176 163 214 107 3 11 35 -3 206.6 189 157.2 160.6 220.1
Net income 1 170 145 117 83 213 59 -57 -7 12 -13 156.1 144.3 119.9 122.2 166.7
Net margin 11.79% 8.64% 6.46% 4.64% 11.96% 3.36% -3.15% -0.42% 0.69% -0.75% 8.57% 8.34% 6.58% 6.79% 8.63%
EPS 2 0.4400 0.3600 0.2300 0.1600 0.4200 0.1100 -0.1100 -0.0100 0.0200 -0.0200 0.2916 0.2772 0.2497 0.2746 0.3187
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/16/22 5/4/22 7/21/22 10/26/22 2/15/23 5/3/23 7/21/23 10/25/23 2/7/24 4/25/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 820 1,814 3,649 3,826 4,115 4,014 3,290 2,605
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.068 x 1.069 x 1.718 x 1.474 x 1.639 x 1.686 x 1.291 x 0.974 x
Free Cash Flow 1 229 788 984 1,002 857 929 1,030 1,155
ROE (net income / shareholders' equity) 22.4% 14.4% 7.42% 4.66% 0.05% 2.69% 3.96% 5.61%
ROA (Net income/ Total Assets) - 7.07% 3.64% 2.53% 0.03% 1.54% 2.59% 3.3%
Assets 1 - 8,209 16,207 22,088 23,364 27,141 24,614 25,878
Book Value Per Share 2 7.370 17.70 25.20 27.70 26.70 27.90 28.90 29.50
Cash Flow per Share 2 - 3.840 4.410 4.190 3.300 3.870 3.860 4.030
Capex 1 255 463 636 1,026 833 818 860 878
Capex / Sales 12.96% 11.6% 11.66% 14.54% 11.93% 11.53% 11.77% 11.67%
Announcement Date 2/19/20 2/17/21 2/16/22 2/15/23 2/7/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
10.81 SEK
Average target price
16.14 SEK
Spread / Average Target
+49.30%
Consensus
1st Jan change Capi.
-11.18% 518M
-18.51% 218B
-7.35% 67.86B
-5.13% 55.36B
-11.62% 46.03B
+2.38% 41.53B
-5.30% 34.64B
-11.95% 27.89B
+88.38% 24.73B
+0.46% 21.01B
Application Software
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