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 390 398 417
Sales growth (%) 3 2,1 4,5
EBITDA 88 96 104
EBITDA margin (%) 22,6 24,2 24,9
EBIT adj 39 50 59
EBIT adj margin (%) 9,9 12,5 14,1
Pretax profit 35 48 58
EPS rep 0,61 0,71 0,87
EPS growth (%) 86,8 16,5 22,5
EPS adj 0,59 0,71 0,87
DPS 0,5 0,5 0,6
EV/EBITDA (x) 8,4 10,8 9,8
EV/EBIT adj (x) 19,3 21 17,2
P/E (x) 23,2 29 23,7
P/E adj (x) 24,2 29 23,7
EV/sales (x) 1,9 2,6 2,4
FCF yield (%) 4,7 4,5 4,8
Dividend yield (%) 3,5 2,4 2,9
Net IB debt/EBITDA 0,1 -0,3 -0,5