Enterprise content management

Formpipe

Formpipe is an IT company, active in the ECM (Enterprise Content Management) segment. The company develops and sells products that structure the information flow for companies, municipalities and organisations. Its customers are in mainly in the public sector (75%) but the company also commercializes to the private sector (25%). Formpipe offers ECM in four different areas: Case and Document Management, Customer Communications Management, Grants Management and Structured Data Archiving.

Financials

FORMPIPE

SEKm 2017 2018 2019
Sales 390 406 425
Sales growth (%) 3 4,1 4,7
EBITDA 88 99 105
EBITDA margin (%) 22,6 24,4 24,8
EBIT adj 39 52 60
EBIT adj margin (%) 9,9 12,8 14,2
Pretax profit 35 50 59
EPS rep 0,61 0,73 0,89
EPS growth (%) 86,8 20,3 20,9
EPS adj 0,59 0,73 0,89
DPS 0,5 0,55 0,6
EV/EBITDA (x) 8,4 10,2 9,3
EV/EBIT adj (x) 19,3 19,5 16,3
P/E (x) 23,2 27,3 22,6
P/E adj (x) 24,2 27,3 22,6
EV/sales (x) 1,9 2,5 2,3
FCF yield (%) 4,7 4,9 4,9
Dividend yield (%) 3,5 2,8 3
Net IB debt/EBITDA 0,1 -0,2 -0,5

Main shareholders

Formpipe

Main shareholders Share capital % Voting shares %
Martin Gren (Grenspecialisten) 10.2 % 10.2 %
Swedbank Robur Fonder 5.8 % 5.8 %
Martin Bjäringer 5.8 % 5.8 %
Humle Fonder 5.8 % 5.8 %
Thomas Wernhoff 5.0 % 5.0 %
Avanza Pension 4.5 % 4.5 %
Andra AP-fonden 4.4 % 4.4 %
Handelsbanken Fonder 3.9 % 3.9 %
Carnegie Fonder 3.8 % 3.8 %
SEB Fonder 2.6 % 2.6 %