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Year on year Fortnox AB grew revenues 28.01% from 1.28bn to 1.63bn. In addition the company has reduced the cost of goods sold as a percent of sales, selling, general and administrative expenses as a percent of sales and interest paid as a percent of sales. These improvements contributed to 64.36% net income growth from 346.80m to 570.00m.
| Gross margin | 99.79% |
|---|---|
| Net profit margin | 35.66% |
| Operating margin | 41.80% |
| Return on assets | 24.54% |
|---|---|
| Return on equity | 36.83% |
| Return on investment | 33.44% |
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Cash flow in SEKView more
In 2023, Fortnox AB increased its cash reserves by 18.16%, or 79.00m. The company earned 646.00m from its operations for a Cash Flow Margin of 39.56%. In addition the company used 253.00m on investing activities and also paid 313.00m in financing cash flows.
| Cash flow per share | 1.44 |
|---|---|
| Price/Cash flow per share | 45.06 |
| Book value per share | 3.54 |
|---|---|
| Tangible book value per share | 1.85 |
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Balance sheet in SEKView more
| Current ratio | 2.32 |
|---|---|
| Quick ratio | -- |
| Total debt/total equity | 0.0796 |
|---|---|
| Total debt/total capital | 0.0737 |
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Growth rates in SEK
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 66.67% and 64.33%, respectively. The positive trend in dividend payments is noteworthy since very few companies in the Software & Programming industry pay a dividend. Additionally when measured on a five year annualized basis, dividend per share growth ranked highest relative to its industry peers, while earnings per share growth is above the industry average.
| Div yield(5 year avg) | 0.23% |
|---|---|
| Div growth rate (5 year) | 41.71% |
| Payout ratio (TTM) | 17.67% |
| EPS growth(5 years) | 48.40 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | 44.97 |
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