Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Mips AB (publ) is a Sweden-based company specializing in the development, manufacture, and sale of innovative helmet-based safety systems, particularly the MIPS Brain Protection System (BPS). This technology features a low-friction layer that allows relative movement between the head and helmet, reducing rotational forces from angled impacts to better protect the brain, addressing a key vulnerability beyond traditional linear impact protection. Founded in 1996 and headquartered in Täby, Sweden, the company supplies its solutions to over 150 helmet brands worldwide, including prominent names like Bell, Fox Head, Giro, Scott, Smith, and Trek. Mips AB (publ) serves diverse markets across North America, Europe, Asia, and Australia, covering sport helmets for biking, snow sports, equestrian, and team activities; moto helmets for on-road, off-road, and high-speed uses; and safety helmets for construction, manufacturing, mining, oil industries, as well as military, police, and rescue services. With a workforce of around 105 employees, it operates in the consumer discretionary sector, emphasizing research-driven innovation to enhance helmet safety standards globally.
kr 241.00
+kr 1.90 (+0.79%)
Live · 10:46 PM · Twelve Data
Margins and capital returns are both well above average: 32.46% operating margin, ROIC at 17.04%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 10.4%, still solid. Margins contracted 3.8pp, which offsets some of the top-line progress.
At 49x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 20.37% to 17.04%, capital efficiency is deteriorating.
49.1x earnings, 56.0x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 568M
▲ +10.4% YoY
Net Income (TTM)
kr 130M
▼ -14.9% YoY
Op. Margin
33.80%
▼ -3.8pp YoY
ROIC
17.04%
▼ -3.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 114M
Op. Cash Flow (TTM)
kr 147M
▲ +10.9% YoY
Net Debt
kr 113M
Cash & Equiv.
kr 214M
3Y CAGR: -1.8%
3Y CAGR: -15.0%
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At a P/E of 49.1 and a price-to-free-cash-flow of 56.0, Mips AB (publ) (MIPS.XSTO) trades above a two-stage DCF intrinsic value of about SEK 70.31 per share, so at SEK 241.00 the stock looks overvalued (70.8% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Mips AB (publ) scores 30/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SEK 70.31 per share for MIPS.XSTO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SEK 52.73. At today's SEK 241.00, that puts the stock about 70.8% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Mips AB (publ) scores 30 out of 100 on Intrinsiqq's quality score, passing 1 of 8 checks, which makes it a lower-quality business on these measures. Recent fundamentals include a 33.8% operating margin and a 17.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Mips AB (publ) pays a regular dividend of about SEK 6.49 per share per year (typically in quarterly installments), a yield of roughly 2.7% at the current price. That is a payout ratio of about 132.3% of earnings, so the dividend is stretched at this level. Mips AB (publ) has grown the dividend at roughly 16.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MIPS.XSTO's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. MIPS.XSTO currently trades above its estimated intrinsic value and scores 30/100 on quality (lower-quality). It also yields about 2.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.