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    Software - Application
Micro Systemation AB

Micro Systemation AB

MSAB-B.ST
Micro Systemation ABSE flagStockholm Stock Exchange
86.80
SEK
+13.00
- -
1.60BMarket Cap
Micro Systemation AB
MSAB-B.ST
(Stockholm Stock Exchange)

Recent

price

86.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
7
7.34
7.71
7.76
10.15
12.65
13.19
16.42
16.49
16.66
16.79
18.03
19.65
22.58
21.91
25
22.19
Revenue per Share
1.23
1.16
0.81
0.39
0.58
2.52
2.46
2.88
1.51
0.28
0.88
1.89
0.93
1.62
2.02
2.66
1.68
Basic EPS, GAAP
1.55
1.21
0.4
0.98
0.8
3.08
2.8
2.56
0.28
0.88
2.78
0.54
2.7
4.03
2.18
3.91
0.18
Free Cash Flow per Basic Share
1
0.8
1
0.6
0.1
1
2.2
2.2
2.19
2.2
- -
2
- -
1.5
1.5
1.5
1.51
Dividend per Share
1.73
2.16
1.97
1.68
2.34
3.87
4.04
4.73
4.35
2.42
3.3
3.19
4.12
4.24
4.78
6.18
- -
Book Value per Share
2.64
3.07
2.87
2.65
3.51
5.03
5.66
6.22
5.96
4.12
4.78
4.92
6.28
6.28
6.94
6.56
3.61
Tangible Book Value per Share
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
18
Basic Weighted Avg Shares
124
130
137
138
181
227
242
302
304
308
310
333
363
417
405
462
407
Sales/Revenue/Turnover
24.23
23.1
13.28
5.75
7.8
24.88
24.1
22.79
10.74
2.06
9.23
13.31
5.18
9.8
11.45
14.69
9.84
Operating Margin (%)
1
1
1
1
2
2
2
1
1
12
12
12
13
15
15
18
16
Depreciation Expense
22
20
14
7
10
45
45
53
28
5
16
35
17
30
37
49
31
Net Income, GAAP
25.31
31.46
21.52
26.66
29.51
23.06
25.32
24.04
21.07
31.73
27.12
21.24
20.15
22.39
21.5
21.5
21.79
Effective Tax Rate (%)
17.5
15.75
10.52
4.98
5.74
19.89
18.67
17.53
9.13
1.66
5.24
10.46
4.72
7.19
9.24
10.65
7.56
Profit Margin (%)
45
53
49
45
59
87
102
108
108
61
73
78
97
99
115
116
52
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
18
7
1
42
32
34
15
30
LT Debt
49
57
53
48
63
91
104
115
110
76
88
91
116
116
130
150
92
Total Equity
45.81
38.59
24.16
10.19
16.52
54.12
41.54
43.77
22.13
3.98
19.4
31.89
10.43
18.71
21.5
30.89
22.79
Return on Invested Capital (%)
75.88
59.5
39.3
21.16
29.05
81.24
62.97
65.68
33.2
7.23
21.67
47.02
17.12
24.75
30.3
38.48
84.41
Return on Capital (%)
75.88
59.48
39.27
21.15
29.03
81.22
62.96
65.57
33.18
8.15
30.76
58.1
25.4
38.88
44.89
48.6
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
11
12
12
LT Borrowings
- -
- -
- -
LT Finance Leases
34
34
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
862
940
991

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
237
220
170
Cash, Cash Equivalents & STI
138
127
90
Accounts Receivable, Net
73
59
45
Inventories
8
10
10
Total Current Liabilities
123
112
118
Payables & Accruals
- -
- -
- -
ST Debt
11
12
12
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.41%
11.64%
15.16%
Free Cash Flow
72.1%
79.74%
79.49%
Net Income, GAAP
30.18%
38.92%
31.51%
Sales/Revenue/Turnover
7.65%
8.49%
14.1%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
93
79
115
118
405
2025
94
80
141
- -
462
2026
101
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.41
-0.15
1.27
1.32
2.02
2025
-0.15
-0.78
1.69
- -
2.66
2026
-0.31
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1
- -
0.5
1.5
2025
- -
1
0.5
- -
1.5
2026
- -
- -
- -
- -
- -
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Business
Micro Systemation AB (publ) (MSAB) develops, produces, markets, and sells forensic technology for mobile device examination and analysis. The company offers XRY extraction software, including XRY Complete, XRY Logical, XRY Physical, XRY Field, XRY Pro for secure devices, XRY Cloud, XRY PinPoint for non-standard devices, XRY Camera, XRY Photon, and XRY RAMalyzer; XAMN analysis tools, such as XAMN Viewer, XAMN Pro, and XAMN Horizon with AI capabilities; XEC management solutions, including XEC Director and XEC Export; UNIFY for real-time collaboration; and platforms like MSAB Office for Windows computers and MSAB Kiosk for turnkey extractions, supplemented by implementation, training, professional services, and support. Products serve law enforcement, military, intelligence, border control, corrections, government agencies, and eDiscovery sectors in over 100 countries. Founded in 1984 and headquartered in Stockholm, Sweden, MSAB operates offices in the USA, UK, Canada, Europe, Asia, and Australia, with subsidiaries including Micro Systemation Ltd, MSAB Incorporated, and Micro Systemation HK Ltd. Recent developments include the 2024 launch of MSAB UNIFY for centralized investigative data and collaboration, XRY Pro RAMalyzer for advanced extraction, and fourth major XRY release enhancing Android app extraction and full file system support; Peter Gille's appointment as permanent CEO in June 2024 with Jesper Kärrbrink as Chairman; significant contracts such as SEK 8.6 million and SEK 11.2 million deals with UK law enforcement in 2025, and a major North American order; plus the May 2025 Annual General Meeting approval of LTIP 2025 incentive program for key personnel involving up to 248,000 series B shares.