Fortnox AB (publ) (STO:FNOX)

Fortnox AB Ratios and Metrics

Market cap in millions SEK. Fiscal year is January - December.

Total Valuation

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 23, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	54,533	43,980	36,755	28,835	35,670	27,813
Market Cap Growth	-	19.66%	27.47%	-19.16%	28.25%	176.91%
Enterprise Value	53,814	43,492	36,577	28,831	35,383	27,632
Last Close Price	89.40	71.89	59.92	46.92	57.96	45.74

Price Ratios

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 23, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
PE Ratio	70.95	61.94	64.48	83.10	147.95	135.42
Forward PE	56.92	64.79	64.79	64.79	64.79	64.79
PS Ratio	25.48	21.52	22.39	22.60	38.28	40.09
PB Ratio	21.21	18.62	20.74	22.51	36.34	59.27
P/TBV Ratio	35.78	33.27	59.57	165.72	-	79.95
P/FCF Ratio	66.58	61.94	57.25	66.90	117.30	114.63
P/OCF Ratio	63.48	58.56	56.90	65.39	112.74	101.68

EV Ratios

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 23, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
EV/Sales Ratio	25.15	21.28	22.28	22.60	37.97	39.83
EV/EBITDA Ratio	53.39	48.27	52.33	58.60	107.55	100.82
EV/EBIT Ratio	57.55	49.65	54.11	61.34	112.33	102.72
EV/FCF Ratio	65.71	61.26	56.97	66.89	116.35	113.88

Financial Efficiency

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 23, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Debt / Equity Ratio	0.07	0.07	0.08	0.28	0.50	0.38
Debt / EBITDA Ratio	0.18	0.19	0.20	0.70	1.38	0.60
Debt / FCF Ratio	0.22	0.25	0.23	0.84	1.61	0.73
Asset Turnover	0.66	0.68	0.66	0.60	0.64	0.92
Quick Ratio	2.01	1.82	1.44	1.46	1.34	1.95
Current Ratio	2.37	2.17	1.75	1.75	1.48	1.97
Return on Equity (ROE)	34.34%	34.35%	37.34%	30.67%	33.23%	54.84%
Return on Assets (ROA)	18.02%	18.11%	17.06%	13.75%	13.56%	22.32%
Return on Invested Capital (ROIC)	24.36%	24.58%	23.72%	18.86%	18.59%	34.24%
Return on Capital Employed (ROCE)	33.70%	34.10%	35.00%	26.90%	21.60%	43.00%

Yields

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 23, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings Yield	1.41%	1.61%	1.55%	1.20%	0.68%	0.74%
FCF Yield	1.50%	1.61%	1.75%	1.49%	0.85%	0.87%
Dividend Yield	0.28%	0.35%	0.33%	0.26%	0.14%	0.16%
Payout Ratio	15.82%	17.18%	12.81%	14.12%	18.91%	14.56%
Buyback Yield / Dilution	0.00%	0.01%	-0.02%	-0.21%	-0.92%	-0.04%
Total Shareholder Return	0.28%	0.35%	0.32%	0.04%	-0.78%	0.12%

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 28, 2025

Data Sources Report a data error