FormPipe Software AB (FPIP) AI Stock Analysis

• Market Cap: kr1.50B
• Dividend Yield: 1.84%
• Average Volume (3M): 32.76K
• Price to Earnings (P/E): 119.0
• Beta (1Y): 0.30
• Revenue Growth: 6.08%
• EPS Growth: -66.50%
• Country: SE
• Employees: 262
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.00
• Shares Outstanding: 54,258,120
• 10 Day Avg. Volume: 28,231
• 30 Day Avg. Volume: 32,756
• PEG Ratio: -1.37
• Price to Book (P/B): 2.55
• Price to Sales (P/S): 2.35
• P/FCF Ratio: 25.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr29.00
• Price Target Upside: 6.62% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: kr29.00 ▲(6.62% Upside)

FormPipe Software AB's strong financial performance is offset by technical indicators suggesting neutral momentum and a high P/E ratio indicating overvaluation. The lack of earnings call and corporate events data limits additional insights.

FormPipe Software AB Business Overview & Revenue Model

Company Description

Formpipe Software AB (publ), a software company, develops and provides content services in Sweden, Denmark, the United Kingdom, Germany, the United States, and internationally. The company provides various software products that are used to create, store, distribute, automate, relocate, archive, and manage information, data, and metadata. It offers Acadre for document management, record keeping, and controlling the organization's data; Adoxa, a product that helps organizations to ensure automatic general data protection regulation compliance and data quality; ATOM, a technical solution for municipalities; Contentworker, a Microsoft based document management system; FAS, a platform for digitizing of fund work; Formpipe Cloud, a cloud solution for document generation, delivery, and archiving; and Autoform DM, a windows based digital archiving solution for cutting edge applications. The company also provides Lasernet for document input management; Lasernet Vault365, a solution that supports data migration and Microsoft Dynamics 365 implementation; Long-Term Archive, a digital data preservation solution; Meetings Plus, a digital meeting management software; OnDemand, an information-secure Swedish cloud solution; Platina, a digitized document and case management; Platina LS, a platform that delivers an enterprise-level capabilities for the life science industry regulatory requirements; and Portal Bas, a platform for e-services and a publishing solution. In addition, it offers Solution Management, a software that streamlines system with an internal resource; TAP, a business platform that supports and automates business processes; TAS, a platform for grant management; W3D3, a cloud service for document and case management; and X-docs, an electronic quality management system, which manages quality processes and safeguard the compliance. It serves banking, retail, manufacturing, utilities, legal, and life science industries. The company is headquartered in Stockholm, Sweden.

How the Company Makes Money

FormPipe Software AB generates revenue primarily through the sale of software licenses, subscription services, and maintenance and support agreements. The company's revenue model includes upfront license fees for its software solutions, as well as recurring revenue from subscription-based services and ongoing support contracts. Additionally, FormPipe benefits from significant partnerships with technology providers and system integrators, which help expand its market reach and customer base. Consultancy and implementation services also contribute to the company's earnings, as clients often require assistance in customizing and deploying FormPipe's solutions to meet their specific needs.

FormPipe Software AB Financial Statement Overview

Summary

FormPipe Software AB exhibits strong revenue growth and efficient operations, as evidenced by healthy margins and a robust balance sheet with low leverage. However, the decline in free cash flow growth and modest return on equity indicate areas for potential improvement.

Income Statement

FormPipe Software AB has demonstrated strong revenue growth, particularly with a 26.1% increase in the TTM period. The gross profit margin remains robust at 56.7%, indicating effective cost management. However, the net profit margin is relatively low at 3.8%, suggesting room for improvement in profitability. The EBIT and EBITDA margins are healthy, reflecting efficient operational performance.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.043, indicating prudent financial leverage. The return on equity is modest at 4.2%, suggesting moderate profitability relative to shareholder equity. The equity ratio of 59.3% highlights a strong capital structure with significant equity financing.

Cash Flow

Operating cash flow remains strong, but free cash flow has declined by 19.1% in the TTM period, which could impact future investments. The operating cash flow to net income ratio is healthy at 3.6, indicating good cash generation relative to earnings. However, the free cash flow to net income ratio of 0.71 suggests some pressure on free cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	549.57M	528.95M	525.16M	485.10M	473.20M	403.13M
Gross Profit	313.02M	294.12M	295.74M	256.69M	277.44M	223.22M
EBITDA	117.53M	92.21M	112.73M	70.34M	134.97M	104.95M
Net Income	12.58M	17.09M	36.91M	8.76M	50.44M	41.39M
Balance Sheet
Total Assets	787.34M	854.27M	835.97M	782.54M	704.25M	720.52M
Cash, Cash Equivalents and Short-Term Investments	36.30M	46.52M	39.74M	4.78M	18.07M	58.59M
Total Debt	8.38M	24.96M	37.84M	44.21M	13.72M	64.19M
Total Liabilities	320.29M	368.10M	356.52M	340.53M	274.61M	321.65M
Stockholders Equity	467.06M	486.17M	479.44M	442.02M	429.64M	398.86M
Cash Flow
Free Cash Flow	62.51M	48.32M	50.94M	19.12M	40.28M	69.02M
Operating Cash Flow	103.28M	109.38M	110.68M	80.72M	99.03M	115.00M
Investing Cash Flow	-53.88M	-62.72M	-59.03M	-91.85M	-58.75M	-92.05M
Financing Cash Flow	-53.26M	-44.31M	-18.12M	-6.29M	-84.63M	3.06M

FormPipe Software AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 27.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FPIP, the sentiment is Negative. The current price of 27.2 is below the 20-day moving average (MA) of 27.83, below the 50-day MA of 27.96, and above the 200-day MA of 26.34, indicating a neutral trend. The MACD of -0.15 indicates Positive momentum. The RSI at 45.42 is Neutral, neither overbought nor oversold. The STOCH value of 53.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:FPIP.

FormPipe Software AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENEA	66 Neutral	kr1.61B	21.27	4.29%	―	1.38%	-5.29%
FPIP	62 Neutral	kr1.50B	119.02	―	1.84%	6.08%	-66.50%
LIME	61 Neutral	kr4.25B	42.59	32.11%	1.17%	12.88%	16.11%
SEYE	54 Neutral	kr3.07B	-14.36	-15.27%	―	4.86%	-513.15%
CINT	46 Neutral	kr2.18B	31.61	1.33%	―	-26.59%	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

FormPipe Software AB Corporate Events

Formpipe Software AB Calls for EGM to Discuss Strategic Divestment

Formpipe Software AB has announced an Extraordinary General Meeting (EGM) scheduled for September 17, 2025, where shareholders can vote on the proposed divestment of the company’s Public Sector business area. This strategic move could significantly impact Formpipe’s market positioning by allowing it to concentrate on other core areas, potentially affecting stakeholders and the company’s future growth trajectory.

The most recent analyst rating on (SE:FPIP) stock is a Buy with a SEK33.00 price target. To see the full list of analyst forecasts on FormPipe Software AB stock, see the SE:FPIP Stock Forecast page.

Formpipe Software Reports Growth and Strategic Divestment in Q2 2025

Formpipe Software AB reported a 5% increase in net sales for Q2 2025, driven by growth in its Lasernet division, despite challenges from currency fluctuations. The company announced the divestment of its Public business area to STG Partners, allowing it to focus on expanding its Lasernet business internationally, with plans to elaborate on this strategy in an upcoming Capital Markets Day.

Formpipe Software AB Divests Public Sector Business to Focus on Lasernet

Formpipe Software AB has announced the divestment of its Public Sector business area to a holding company of STG for up to SEK 850 million. This strategic move allows Formpipe to focus entirely on its Lasernet business, enhancing shareholder value and enabling a substantial distribution of proceeds to shareholders. The transaction is expected to close in Q4 2025, pending necessary approvals, and will involve the rebranding of the company post-completion.