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Catalyst Potential

It is important to look beyond the numbers and seek a likely catalysts, which could unlock value, and estimate how long it will take for the catalyst to play out. These events, or Catalyst Potential, reduce risk by narrowing the gap between price and value in a more predictable way. This is particularly important when investing in a low-quality business where time is like a ticking bomb stacked against the company.

Catalyst Potential is a Premium members feature in Redeye Universe.

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Redeye Rating

Company Quality

  • 7.0
  • 4.0
  • 6.5
  • 5.0
  • 6.0

Leadership

Exclusive for members

Formpipe Software's CEO Christian Sundin has a long experience from the IT sector, has worked with Formpipe since 2006 and is knowledgeable about the market. The company has no specific financial goals, which would be positive to have. Management shows however a high ambition level for the firm by using both product development and acquisitions to get into new markets. The acquisition of Traen and the following equity issue however still surprised many stockholders and could have been announced through clearer communication by the company.

Ownership

Exclusive for members

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Profit outlook

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Profitability

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Capital Strength

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Key Model Assumptions - The Bear Case

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Key Model Assumptions - The Bull Case

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Key Model Assumptions - The Base Case

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Latest price

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Fair Value Range

Last Price
Key Model Assumptions - The Bear Case
Key Model Assumptions - The Bull Case
Key Model Assumptions - The Base Case

Catalyst Potential

Impact

Timeframe

Short
Mid
Long

Company description

Formpipe Software provides ECM (Enterprise Content Management) solutions to public sector clients in Sweden and Denmark as well as the global Life Science industry.
The company is since 2010 listed on the OMX Small Cap stock exchange. As of early 2016, Formpipe has around 240 employees and is headquartered in Stockholm, but also has a big part of its workforce in Denmark. Read more...

Formpipe Software provides ECM (Enterprise Content Management) solutions to public sector clients in Sweden and Denmark as well as the global Life Science industry.
The company is since 2010 listed on the OMX Small Cap stock exchange. As of early 2016, Formpipe has around 240 employees and is headquartered in Stockholm, but also has a big part of its workforce in Denmark. The company has a turnover of over 350 MSEK with an EBIT-margin of around 6-8% the last years, which is well below historical averages and productivity software peers.

The ECM market comprises systems that capture, process, store, archive and deliver information in a systematic way. This allows companies, organizations and public authorities to manage the continuously increasing flow of information in a connected, digital world. Through using ECM solutions, they can therefore increase their productivity, efficiency and even reduce risks in their business.
Formpipe's key market segments, the Swedish and Danish public sector, are regarded as relatively advanced in their use of ECM solutions. They are ahead of the private sector, mostly due to regulatory pressure.
Formpipe's key competitors in the Nordics are Software Innovation (NO, part of Tieto Group), Ida Infront (SE, part of Addnode Group), KMD (DK), SBYS (DK) and Essvision. We see Formpipe however in a leading position in their key customer and product segments.

Less...

TODAY

Day High
12.60
12.60
0.00
0.0%
Day Low
12.60
Day Open
12.75
Prev Close
12.60
VWAP
12.6
Volume
2K
Turnover
0.023M
Top Broker
AVA
VWAP
12.6
Avg Volume
44K
Avg Turnover
0.556M
Top Brokers
AVA/NRD

52 WEEK SUMMARY

Price Range
Beta
n/a
Market Cap
646.0M
Total Return
51.2%
Trailing P/E
25.9
Div Yield
2.4%
Shares Outstanding
51.3M
Next Earnings Date
24 Apr
Stock Exchange
NASDAQ Stockholm

Identify and measure trend strength in stocks with our Momentum tool to identify potential entry and exit signals. The tool provides a set of the most simple but powerful indicators that identify whether a stock is under sell or buy pressure.

Relative Price Strength
Rel Price Chg 3 Months 25.8%
Rel Price Chg 12 Months 29.2%
Volume Trend
Avg Vol 10 vs 60 Days -48.3%
Price vs...
52-Week High -6.7%
50-Day Moving Average -0.2%
200-Day Moving Average 22.9%

Historic pricing of Formpipe Software

Last price: 12.60 SEK

Loading data...

Prev Close [[ prevClose|number:2 ]] SEK Change [[ changeValue|number:2 ]] %
High [[ highValue|number:2 ]] SEK Avg Daily Volume [[ avgVolume|number:0 ]] Shares
Low [[ lowValue|number:2 ]] SEK Avg Daily Turnover [[ graphAvgTurnover|number:2 ]] SEK

Management

Christian Sundin, CEO
Joakim Alfredson, CFO

Executive Board

Bo Nordlander, Chairman of the board

Last updated: 2017-03-23 Source: Redeye

Major Holders

Owner Equity Votes
Martin Gren 10.3%
10.3%
Avanza Pension 7.0%
7.0%
Handelsbanken Fonder 7.0%
7.0%
Swedbank Robur Fonder 6.0%
6.0%
Humle Fonder 4.9%
4.9%
Andra Ap-Fonden 4.6%
4.6%
Thomas Wernhoff 3.9%
3.9%
Marcus Wallinder 2.9%
2.9%
SEB Fonder inkl. Lux 2.1%
2.1%
Christian Sundin 1.7%
1.7%

Last updated: 2017-03-23 Source: Redeye

Insider transaction summary

Total insider purchases and sales reported

Timeframe Transactions Net Shares
Last 12 Weeks

0 Purchases

+ 0

0 Sales

- 0

Last 24 Weeks

0 Purchases

+ 0

0 Sales

- 0

Most recent insider transactions

Exclusive for members
Report Date Name Position Transaction Shares Chg Est Value (SEK)
2015-12-15 Kvist, Malin ANB Sale + 26 45
2015-12-15 Svensson, Malin ANB Sale + 21 154
2015-12-15 Svensson, Sture ANB Sale + 44 160
2015-12-15 Kvist, Sture ANB Sale + 89 107
2015-12-15 Kvist, Kim ANB Sale + 76 148

Source: Millistream – FI

More
  • Profitability
  • ROE
  • ROCE
  • ROIC
  • EBITDA margin
  • EBIT margin
  • Net margin
  • Per share data (SEK)
  • EPS
  • EPS adj
  • Dividend
  • Net debt
  • Total shares
  • Valuation
  • EV (SEKm)
  • P/E
  • P/E diluted
  • P/Sales
  • EV/Sales
  • EV/EBITDA
  • EV/EBIT
  • P/BV
  • Capital structure
  • Equity ratio
  • Debt/equity ratio
  • Net debt (SEKm)
  • Capital employed (SEKm)
  • Capital turnover rate
Previous year Next year
2014
  • 6.4%
  • 4.2%
  • 3.6%
  • 21.2%
  • 6.7%
  • 5.9%
  • 0.37
  • 0.39
  • 0.00
  • 2.81
  • 49.5M
  • 763.3
  • 34.2
  • 32.1
  • 2.0
  • 2.5
  • 11.7
  • 37.2
  • 2.0
  • 47.1%
  • 35.1%
  • 139
  • 449
  • 0.5
2015
  • 5.6%
  • 4.1%
  • 3.0%
  • 21.1%
  • 5.7%
  • 5.0%
  • 0.35
  • 0.39
  • 0.10
  • 1.70
  • 50.1M
  • 717.1
  • 36.1
  • 32.5
  • 1.8
  • 2.1
  • 9.7
  • 36.1
  • 2.0
  • 51.6%
  • 22.4%
  • 85
  • 404
  • 0.6
2016
  • 7.6%
  • 7.3%
  • 6.2%
  • 23.3%
  • 8.7%
  • 6.6%
  • 0.49
  • 0.43
  • 0.30
  • 0.89
  • 51.3M
  • 691.6
  • 25.9
  • 29.5
  • 1.7
  • 1.8
  • 7.9
  • 21.1
  • 1.9
  • 53.8%
  • 19.3%
  • 46
  • 395
  • 0.6
2017E
  • 6.4%
  • 8.1%
  • 7.0%
  • 22.0%
  • 8.5%
  • 5.4%
  • 0.44
  • 0.44
  • 0.30
  • 0.91
  • 51.3M
  • 692.7
  • 28.7
  • 28.7
  • 1.6
  • 1.7
  • 7.6
  • 19.6
  • 1.8
  • 56.2%
  • 9.1%
  • 47
  • 403
  • 0.7
2018E
  • 8.1%
  • 10.0%
  • 8.3%
  • 23.2%
  • 9.5%
  • 6.5%
  • 0.57
  • 0.57
  • 0.30
  • 0.78
  • 51.3M
  • 686.2
  • 22.2
  • 22.2
  • 1.4
  • 1.5
  • 6.6
  • 16.1
  • 1.8
  • 56.2%
  • 8.5%
  • 40
  • 410
  • 0.7
2019E
  • 9.7%
  • 11.6%
  • 9.7%
  • 24.3%
  • 10.5%
  • 7.5%
  • 0.71
  • 0.71
  • 0.30
  • 0.51
  • 51.3M
  • 672.4
  • 17.7
  • 17.7
  • 1.3
  • 1.4
  • 5.7
  • 13.2
  • 1.7
  • 57.3%
  • 7.0%
  • 26
  • 417
  • 0.7
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • EBITDA
  • Depreciation
  • Amortization
  • Impairment charges
  • EBIT
  • Share in profits
  • Net financial items
  • Exchange rate dif.
  • Pre-tax profit
  • Tax
  • Net earnings
Previous year Next year
2014
  • 307
  • -242
  • 65
  • -45
  • -1
  • 0
  • 21
  • 0
  • -9
  • -2
  • 12
  • -3
  • 19
2015
  • 349
  • -276
  • 74
  • -54
  • -2
  • 0
  • 20
  • 0
  • -6
  • -1
  • 14
  • -4
  • 19
2016
  • 379
  • -291
  • 88
  • -55
  • 0
  • 0
  • 33
  • 0
  • -2
  • 0
  • 31
  • -7
  • 22
2017E
  • 4
  • 9
  • 2
  • 6
  • 5
  • 7
  • 5
  • 1
  • 7
  • 5
  • 5
  • 6
  • 8
Q1E
  • 4
  • 9
  • 0
  • 7
  • 0
  • 3
  • 4
  • 4
  • 1
  • 7
  • 0
  • 0
  • 6
Q2E
  • 0
  • 0
  • 0
  • 0
  • 4
  • 4
  • 3
  • 9
  • 10
  • 9
  • 0
  • 3
  • 9
Q3E
  • 5
  • 10
  • 8
  • 8
  • 2
  • 5
  • 1
  • 9
  • 9
  • 4
  • 1
  • 3
  • 5
Q4E
  • 4
  • 4
  • 2
  • 2
  • 7
  • 3
  • 3
  • 3
  • 9
  • 2
  • 4
  • 4
  • 2
2017E
  • 6
  • 10
  • 6
  • 5
  • 5
  • 9
  • 9
  • 7
  • 4
  • 3
  • 2
  • 9
  • 3
2018E
  • 3
  • 7
  • 6
  • 6
  • 9
  • 2
  • 6
  • 0
  • 9
  • 8
  • 0
  • 8
  • 0
Q1E
  • 5
  • 4
  • 9
  • 7
  • 1
  • 5
  • 3
  • 2
  • 0
  • 3
  • 5
  • 4
  • 9
Q2E
  • 10
  • 4
  • 9
  • 2
  • 4
  • 2
  • 5
  • 2
  • 6
  • 6
  • 10
  • 2
  • 7
Q3E
  • 3
  • 3
  • 8
  • 6
  • 4
  • 6
  • 10
  • 2
  • 4
  • 1
  • 10
  • 6
  • 10
Q4E
  • 5
  • 2
  • 5
  • 10
  • 4
  • 2
  • 9
  • 6
  • 9
  • 5
  • 2
  • 4
  • 4
2018E
  • 3
  • 10
  • 9
  • 3
  • 9
  • 1
  • 2
  • 0
  • 1
  • 6
  • 7
  • 10
  • 7
2019E
  • 0
  • 2
  • 8
  • 6
  • 6
  • 3
  • 4
  • 9
  • 1
  • 3
  • 6
  • 9
  • 9
Previous year Next year
    (SEKm)
  • Assets
  • Current assets
  • Cash in banks
  • Receivables
  • Inventories
  • Other current assets
  • Current assets
  • Fixed assets
  • Tangible assets
  • Associated comp.
  • Investments
  • Goodwill
  • Cap. exp. for dev.
  • O intangible rights
  • O non-current assets
  • Total fixed assets
  • Deferred tax assets
  • Total (assets)
  • Liabilities
  • Current liabilities
  • Short-term debt
  • Accounts payable
  • O current liabilities
  • Current liabilities
  • Long-term debt
  • O long-term liabilities
  • Convertibles
  • Total Liabilities
  • Deferred tax liab
  • Provisions
  • Shareholders' equity
  • Minority interest (BS)
  • Minority & equity
  • Total liab & SE
Previous year Next year
2014
  • 26
  • 91
  • 0
  • 0
  • 117
  • 4
  • 0
  • 1
  • 347
  • 0
  • 164
  • 0
  • 516
  • 25
  • 659
  • 26
  • 160
  • 0
  • 186
  • 139
  • 23
  • 0
  • 348
  • 0
  • 0
  • 306
  • 4
  • 310
  • 659
2015
  • 38
  • 77
  • 0
  • 0
  • 115
  • 4
  • 0
  • 1
  • 318
  • 0
  • 155
  • 0
  • 479
  • 24
  • 618
  • 16
  • 151
  • 0
  • 167
  • 107
  • 25
  • 0
  • 299
  • 0
  • 0
  • 315
  • 3
  • 318
  • 618
2016
  • 61
  • 95
  • 0
  • 0
  • 156
  • 4
  • 0
  • 2
  • 318
  • 0
  • 152
  • 0
  • 476
  • 17
  • 649
  • 16
  • 169
  • 0
  • 184
  • 91
  • 25
  • 0
  • 300
  • 0
  • 0
  • 346
  • 3
  • 349
  • 649
2017E
  • 3
  • 5
  • 7
  • 7
  • 10
  • 2
  • 2
  • 0
  • 9
  • 2
  • 7
  • 3
  • 9
  • 2
  • 3
  • 9
  • 8
  • 9
  • 9
  • 7
  • 1
  • 6
  • 2
  • 5
  • 0
  • 1
  • 10
  • 4
  • 6
2018E
  • 6
  • 4
  • 4
  • 0
  • 5
  • 2
  • 8
  • 6
  • 8
  • 4
  • 5
  • 5
  • 10
  • 9
  • 0
  • 10
  • 8
  • 7
  • 6
  • 6
  • 6
  • 5
  • 9
  • 3
  • 1
  • 2
  • 2
  • 10
  • 6
2019E
  • 10
  • 3
  • 10
  • 4
  • 9
  • 5
  • 7
  • 9
  • 5
  • 6
  • 0
  • 9
  • 0
  • 2
  • 0
  • 7
  • 9
  • 4
  • 4
  • 0
  • 2
  • 7
  • 5
  • 4
  • 1
  • 8
  • 5
  • 10
  • 0
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • Depreciations total
  • EBIT
  • Taxes on EBIT
  • NOPLAT
  • Depreciation
  • Gross cash flow
  • Change in WC
  • Gross CAPEX
  • Free cash flow
Previous year Next year
2014
  • 307
  • -242
  • -45
  • 21
  • -6
  • 15
  • 45
  • 59
  • 15
  • -107
  • -19
2015
  • 349
  • -276
  • -54
  • 20
  • -6
  • 14
  • 54
  • 67
  • 5
  • -17
  • 68
2016
  • 379
  • -291
  • -55
  • 33
  • -8
  • 25
  • 55
  • 80
  • 1
  • -53
  • 37
2017E
  • 4
  • 4
  • 4
  • 9
  • 9
  • 10
  • 0
  • 2
  • 3
  • 6
  • 3
2018E
  • 2
  • 3
  • 9
  • 7
  • 1
  • 1
  • 6
  • 7
  • 8
  • 0
  • 0
2019E
  • 5
  • 1
  • 10
  • 1
  • 8
  • 9
  • 4
  • 8
  • 4
  • 10
  • 7
Previous year Next year
More