SEK66.30
1.84% yesterday
Stockholm, Nov 15, 05:29 pm CET
ISIN
SE0017161243
Symbol
FNOX

Fortnox Target price 2024 - Analyst rating & recommendation

Fortnox Classifications & Recommendation:

Buy
80%
Sell
20%

Fortnox Price Target

Target Price SEK74.91
Price SEK66.30
Potential
Number of Estimates 11
11 Analysts have issued a price target Fortnox 2025 . The average Fortnox target price is SEK74.91. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 10 analysts: 8 Analysts recommend Fortnox to buy, 0 to hold and 2 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Fortnox stock has an average upside potential 2025 of . Most analysts recommend the Fortnox stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion SEK 1.64 2.06
28.71% 25.16%
EBITDA Margin 43.67% 51.65%
10.29% 18.28%
Net Margin 34.54% 33.87%
26.76% 1.94%

10 Analysts have issued a sales forecast Fortnox 2024 . The average Fortnox sales estimate is

SEK2.1b
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. This is
5.06% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
SEK2.1b 6.08%
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, the lowest is
SEK2.0b 3.94%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 SEK1.6b 28.71%
2024
SEK2.1b 25.16%
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2025
SEK2.5b 21.41%
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2026
SEK3.1b 22.70%
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2027
SEK3.5b 15.84%
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9 Analysts have issued an Fortnox EBITDA forecast 2024. The average Fortnox EBITDA estimate is

SEK1.1b
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. This is
8.64% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
SEK1.1b 10.85%
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, the lowest is
SEK1.0b 6.50%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 SEK717m 41.95%
2024
SEK1.1b 48.03%
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2025
SEK1.4b 28.83%
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2026
SEK1.7b 25.69%
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2027
SEK2.1b 20.02%
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EBITDA Margin

2023 43.67% 10.29%
2024
51.65% 18.28%
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2025
54.80% 6.10%
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2026
56.14% 2.45%
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2027
58.17% 3.62%
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7 Fortnox Analysts have issued a net profit forecast 2024. The average Fortnox net profit estimate is

SEK696m
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. This is
1.01% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
SEK707m 2.65%
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, the lowest is
SEK679m 1.41%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 SEK567m 63.16%
2024
SEK696m 22.73%
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2025
SEK920m 32.23%
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2026
SEK1.2b 30.16%
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Net Margin

2023 34.54% 26.76%
2024
33.87% 1.94%
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2025
36.89% 8.92%
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2026
39.13% 6.07%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2027

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share SEK 0.93 1.14
63.16% 22.58%
P/E 58.09
EV/Sales 19.43

7 Analysts have issued a Fortnox forecast for earnings per share. The average Fortnox <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

SEK1.14
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. This is
0.88% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
SEK1.16 2.65%
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, the lowest is
SEK1.11 1.77%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 SEK0.93 63.16%
2024
SEK1.14 22.58%
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2025
SEK1.51 32.46%
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2026
SEK1.96 29.80%
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P/E ratio

Current 58.58 5.74%
2024
58.09 0.84%
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2025
43.93 24.38%
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2026
33.75 23.17%
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Based on analysts' sales estimates for 2024, the Fortnox stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

19.43
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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of
19.67
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.

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 20.41 7.99%
2024
19.43 4.81%
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2025
16.00 17.64%
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2026
13.04 18.50%
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2027
11.26 13.67%
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P/S ratio

Current 20.66 8.64%
2024
19.67 4.82%
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2025
16.20 17.64%
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2026
13.20 18.50%
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2027
11.40 13.67%
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