Financials Mips AB

Equities

Market Closed - Nasdaq Stockholm Other stock markets 12:00:00 2025-06-13 pm EDT			5-day change	1st Jan Change
452.40 ^SEK	-0.57%		+5.95%	-3.83%

Jun. 12	SHB reiterates its buy recommendation for Mips, which is still seen as a good investment after the price increase.	FW
Jun. 10	Danske Bank sees attractive entry level in Mips - raises target price to 'street-high' at SEK 650	FW

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	365	608	563	357	483	572.1	763.1	1,005
Change	-	66.58%	-7.4%	-36.59%	35.29%	18.45%	33.38%	31.69%
EBITDA ¹	180.2	337	245	90	193	229.9	370.6	521.7
Change	-	87.01%	-27.3%	-63.27%	114.44%	19.14%	61.18%	40.77%
EBIT ¹	168	326	229	70	174	213.6	353.5	500.4
Change	-	94.05%	-29.75%	-69.43%	148.57%	22.75%	65.51%	41.56%
Interest Paid ¹	-2	2	-6	-	8	-4.5	-5	-5
Earnings before Tax (EBT) ¹	165	328	223	84	182	204.8	356.8	503.8
Change	-	98.79%	-32.01%	-62.33%	116.67%	12.55%	74.17%	41.2%
Net income ¹	129	255	175	64	141	159.3	278.9	394.9
Change	-	97.67%	-31.37%	-63.43%	120.31%	12.98%	75.04%	41.61%
Announcement Date	2/11/21	2/10/22	2/9/23	2/8/24	2/5/25	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4
Net sales ¹	66	102	140	83	142	185	198	137	206	113	107	88	102	77	91	83	133	123	144	116	127.6	163	187.7
Change	-	54.55%	37.25%	-40.71%	71.08%	30.28%	7.03%	-30.81%	50.36%	-45.15%	-5.31%	-17.76%	15.91%	-24.51%	18.18%	-8.79%	60.24%	-7.52%	17.07%	-19.44%	10.03%	27.71%	15.16%
EBITDA ¹	22.5	58.8	79.7	42	75	113	107	65	110	41	29	20	28	20	22	18	57	52	66	29	41.44	82.1	99.53
Change	-	161.33%	35.54%	-47.3%	78.57%	50.67%	-5.31%	-39.25%	69.23%	-62.73%	-29.27%	-31.03%	40%	-28.57%	10%	-18.18%	216.67%	-8.77%	26.92%	-56.06%	42.9%	98.11%	21.23%
EBIT ¹	20	54.9	76.3	39	72	110	104	62	107	37	24	15	23	15	17	14	52	48	62	24	43.33	74.83	90.19
Change	-	174.5%	38.98%	-48.89%	84.62%	52.78%	-5.45%	-40.38%	72.58%	-65.42%	-35.14%	-37.5%	53.33%	-34.78%	13.33%	-17.65%	271.43%	-7.69%	29.17%	-61.29%	80.56%	72.67%	20.53%
Charge d'intérêts ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	2	-	-1	8	1	-2	-2	-2
Earnings before Tax (EBT) ¹	20	55	74	41	72	111	104	61	101	37	24	19	26	18	21	15	52	46	70	25	38.45	69.68	85.34
Change	-	175%	34.55%	-44.59%	75.61%	54.17%	-6.31%	-41.35%	65.57%	-63.37%	-35.14%	-20.83%	36.84%	-30.77%	16.67%	-28.57%	246.67%	-11.54%	52.17%	-64.29%	53.82%	81.19%	22.48%
Net income ¹	16	42	59	32	55	88	80	48	80	29	19	14	20	14	16	12	40	36	53	19	30.26	54.64	67.18
Change	-	162.5%	40.48%	-45.76%	71.88%	60%	-9.09%	-40%	66.67%	-63.75%	-34.48%	-26.32%	42.86%	-30%	14.29%	-25%	233.33%	-10%	47.22%	-64.15%	59.28%	80.54%	22.95%
Announcement Date	7/23/20	11/6/20	2/11/21	4/29/21	7/22/21	10/28/21	2/10/22	4/28/22	7/21/22	10/16/22	2/9/23	4/26/23	7/20/23	10/26/23	2/8/24	4/25/24	7/18/24	10/24/24	2/5/25	4/24/25	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-261	-443	-135	-211	-370	-351	-402	-490
Change	-	-69.73%	69.53%	-56.3%	-75.36%	5.14%	-14.53%	-21.89%
Announcement Date	2/11/21	2/10/22	2/9/23	2/8/24	2/5/25	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	15	11	22	9	10	8.235	7.865	7.7
Change	-	-26.67%	100%	-59.09%	11.11%	-17.65%	-4.49%	-2.1%
Free Cash Flow (FCF) ¹	101	266	214	2	132	147.3	258.2	362.2
Change	-	163.37%	-19.55%	-99.07%	6,500%	11.59%	75.32%	40.27%
Announcement Date	2/11/21	2/10/22	2/9/23	2/8/24	2/5/25	-	-	-

¹SEK in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	49.37%	55.43%	43.52%	25.21%	39.96%	40.19%	48.57%	51.92%
EBIT Margin (%)	46.03%	53.62%	40.67%	19.61%	36.02%	37.33%	46.33%	49.8%
EBT Margin (%)	45.21%	53.95%	39.61%	23.53%	37.68%	35.8%	46.75%	50.13%
Net margin (%)	35.34%	41.94%	31.08%	17.93%	29.19%	27.84%	36.54%	39.3%
FCF margin (%)	27.67%	43.75%	38.01%	0.56%	27.33%	25.75%	33.84%	36.05%
FCF / Net Income (%)	78.29%	104.31%	122.29%	3.12%	93.62%	92.46%	92.61%	91.73%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	35.64%	50.85%	29.09%	9.98%	21.73%	26.79%	39.91%	47.49%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	4.11%	1.81%	3.91%	2.52%	2.07%	1.44%	1.03%	0.77%
CAPEX / EBITDA (%)	8.32%	3.26%	8.98%	10%	5.18%	3.58%	2.12%	1.48%
CAPEX / FCF (%)	14.85%	4.14%	10.28%	450%	7.58%	5.59%	3.05%	2.13%
Items per share
Cash flow per share ¹	4.433	-	8.936	0.4167	5.358	8.1	11.1	15.3
Change	-	-	-	-95.34%	1,185.79%	51.18%	37.04%	37.84%
Dividend per Share ¹	3.5	3.5	5	5.5	6.5	6.755	8.772	10.5
Change	-	0%	42.86%	10%	18.18%	3.92%	29.87%	19.69%
Book Value Per Share ¹	16.27	22.04	23.91	24.89	24.19	23.67	28.4	32.33
Change	-	35.45%	8.49%	4.08%	-2.82%	-2.14%	20.01%	13.82%
EPS ¹	4.93	9.64	6.63	2.42	5.32	6.016	10.56	14.94
Change	-	95.54%	-31.22%	-63.5%	119.83%	13.08%	75.58%	41.43%
Nbr of stocks (in thousands)	26,184	26,178	26,178	26,491	26,491	26,491	26,491	26,491
Announcement Date	2/11/21	2/10/22	2/9/23	2/8/24	2/5/25	-	-	-