Reading the annual reports…
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Sweden
In shortFerronordic AB is loss-making, burns cash and carries moderate debt, with revenue growing (+45.1% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -4.0% | 3/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -3.7% | 5/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -6.1% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -2.4% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.22× | 35/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.05× | 53/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -2.40× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.71 | 16/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -6.1% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 2 of 4 | 37/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 4 | 75/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 62.5% | 0/100 |
| Operating margin volatility | 6.8% | 47/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -14.8% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2023 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
SEK millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|
| Revenue | 4,635 | 6,212 | 1,973 | 2,863 |
| Cost of revenue | 3,837 | 5,101 | 1,723 | 2,486 |
| Gross profit | 797 | 1,111 | 250 | 377 |
| Operating income | 328 | 483 | 233 | (115) |
| Interest expense | 59 | 49 | 19 | 48 |
| Pre-tax income | 276 | 451 | 258 | (153) |
| Income tax | 54 | 112 | 75 | (46) |
| Net income | 222 | 339 | 440 | (107) |
| Diluted EPS | kr15.25 | kr23.33 | kr30.28 | −kr7.39 |
1.71 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
2/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2023 · Data updated Dec 31, 2023