Fortnox AB (publ)

    Fortnox AB (publ)

    SSTO:FNOX
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    SEK
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    68.87P/E

    Share Statistics

    As of March 31, 2025, Fortnox AB (publ) has 609.68M shares outstanding.

    Shares Outstanding609.68M

    Valuation Ratios

    As of March 31, 2025, Fortnox AB (publ) trades at a trailing price-to-earnings ratio of 68.87. The price-to-sales ratio is 24.77, and the price-to-book ratio stands at 24.86.

    PE Ratio68.87
    PS Ratio24.77
    PB Ratio24.86
    P/TBV Ratio34.80
    P/FCF Ratio49.85
    P/OCF Ratio61.81

    Enterprise Valuation

    As of March 31, 2025, Fortnox AB (publ) trades at an EV/EBITDA multiple of 55.71 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 24.43 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 55.71 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Fortnox AB (publ) trades at an EV/FCF ratio of 49.17, comparing the total takeover cost of the business to the cash it actually generates for all capital providers.

    EV / Sales24.43
    EV / EBITDA55.71
    EV / EBIT55.71
    EV / FCF49.17

    Financial Position

    As of March 31, 2025, Fortnox AB (publ) maintains a current ratio of 2.37, meaning it holds 2.4x the short-term assets needed to cover near-term liabilities.

    Current Ratio2.37
    Quick Ratio1.07
    Debt / Equity6.88
    Debt / EBITDA0.19

    Financial Efficiency

    Over the twelve months ended March 31, 2025, Fortnox AB (publ) posted a return on equity (ROE) of 42.45, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 30.11 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 23.69, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 39.03, useful for judging operating efficiency across full business cycles.

    Return on Equity (ROE)42.45
    Return on Assets (ROA)23.69
    Return on Invested Capital (ROIC)30.11
    Return on Capital Employed (ROCE)39.03

    Taxes

    These figures cover the twelve months ended March 31, 2025. That works out to an effective tax rate of 19.85, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items.

    Effective Tax Rate19.85

    Margins

    Over the twelve months ended March 31, 2025, Fortnox AB (publ) posted a gross margin of 63.48, reflecting its pricing power and cost economics. The operating margin of 43.86 and net profit margin of 35.96 provide insight into operational efficiency.

    Gross Margin63.48
    Operating Margin43.86
    Pretax Margin44.93
    Profit Margin35.96
    EBITDA Margin43.86

    Dividends & Yields

    These figures cover the twelve months ended March 31, 2025. The dividend payout ratio of 15.82 indicates the proportion of earnings distributed to shareholders, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 2.01, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 0.28, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Fortnox AB (publ) shareholders.

    Payout Ratio15.82
    Shareholder Yield0.28
    FCF Yield2.01

    Stock Splits

    Fortnox AB (publ)'s most recent stock split took place on January 19, 2022 with a 1:10 split ratio.

    Last Split Date1/19/2022
    Split Ratio1:10

    Scores

    As of March 31, 2025, Fortnox AB (publ) has an Altman Z-Score of 34.22, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

    Altman Z-Score34.22