MIPS Stock Analysis: MIPS | ST
Leisure | ST, Sweden | Market Cap: 6.554m SEK | 12M Return: -36% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 29.2M
EPS Trend: 83.2%
Qual. Beats: 1
Rev. Trend: 89.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Mips AB (publ) is a Swedish company founded in 1996 and headquartered in Täby that develops, manufactures, and sells helmet-based safety systems across global markets. Its product range covers sport helmets (cycling, snow, equestrian, climbing, and team sports), moto helmets (on-road and off-road), and professional safety helmets for construction, mining, military, police, and rescue use. The company operates in North America, Europe, Asia, and Australia.
Listed within the Consumer Discretionary sector and the Leisure Products sub-industry, Mips serves both consumer recreation markets and industrial/professional safety customers. This dual exposure links demand to discretionary spending on outdoor and sporting activities as well as to occupational safety regulations across multiple end industries.
- Cycling and snow helmet brands expand MIPS licensing volume
- Mandatory safety regulations broaden helmet addressable market
- Competition from WaveCel and Koroyd pressures pricing power
| Net Income: 130.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -14.96 > 1.0 |
| NWC/Revenue: 48.77% < 20% (prev 99.22%; Δ -50.46% < -1%) |
| CFO/TA 0.10 > 3% & CFO 129.0m > Net Income 130.0m |
| Net Debt (118.0m) to EBITDA (184.0m): 0.64 < 3 |
| Current Ratio: 2.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (26.5m) vs 12m ago -0.09% < -2% |
| Gross Margin: 72.89% > 18% (prev 72.82%; Δ 0.07% > 0.5%) |
| Asset Turnover: 55.44% > 50% (prev 69.41%; Δ -13.97% > 0%) |
| Interest Coverage Ratio: 162.0 > 6 (EBIT TTM 162.0m / Interest Expense TTM 1.00m) |
| A: 0.21 (Total Current Assets 428.0m - Total Current Liabilities 151.0m) / Total Assets 1.31b |
| B: 0.17 (Retained Earnings 226.0m / Total Assets 1.31b) |
| C: 0.16 (EBIT TTM 162.0m / Avg Total Assets 1.02b) |
| D: 0.86 (Book Value of Equity 604.0m / Total Liabilities 703.0m) |
| Altman-Z'' = 3.92 = AA |
| DSRI: 1.18 (Receivables 227.0m/174.0m, Revenue 568.0m/515.0m) |
| GMI: 1.00 (GM 72.82% / 72.89%) |
| AQI: 3.48 (AQ_t 0.63 / AQ_t-1 0.18) |
| SGI: 1.10 (Revenue 568.0m / 515.0m) |
| TATA: 0.00 (NI 130.0m - CFO 129.0m) / TA 1.31b) |
| Beneish M = -1.33 (Cap -4..+1) = D |
As of July 16, 2026, the stock is trading at SEK 280.20 with a total of 112,731 shares traded. Over the past week, the price has changed by +13.26%, over one month by +18.13%, over three months by +8.70% and over the past year by -36.03%.
Current recommended Stop Loss: 261.30 (which is 6.7% or 1.4 ATR below the current price).
MIPS has no consensus analysts rating.
P/E Trailing = 50.387
P/E Forward = 30.3951
P/S = 11.5386
P/B = 13.2368
Revenue TTM = 568.0m SEK
EBIT TTM = 162.0m SEK
EBITDA TTM = 184.0m SEK
Long Term Debt = 253.0m SEK (from longTermDebt, last quarter)
Short Term Debt = 7.00m SEK (from shortTermDebt, last quarter)
Debt = 298.0m SEK (from shortLongTermDebtTotal, last quarter) + Leases 22.0m
Net Debt = 118.0m SEK (calculated: Debt 298.0m - CCE 180.0m)
Enterprise Value = 6.67b SEK (6.55b + Debt 298.0m - CCE 180.0m)
Interest Coverage Ratio = 162.0 (Ebit TTM 162.0m / Interest Expense TTM 1.00m)
EV/FCF = 56.54x (Enterprise Value 6.67b / FCF TTM 118.0m)
FCF Yield = 1.77% (FCF TTM 118.0m / Enterprise Value 6.67b)
FCF Margin = 20.77% (FCF TTM 118.0m / Revenue TTM 568.0m)
Net Margin = 22.89% (Net Income TTM 130.0m / Revenue TTM 568.0m)
Gross Margin = 72.89% ((Revenue TTM 568.0m - Cost of Revenue TTM 154.0m) / Revenue TTM)
Gross Margin QoQ = 70.86% (prev 72.79%)
Tobins Q-Ratio = 5.10 (Enterprise Value 6.67b / Total Assets 1.31b)
Interest Expense / Debt = 0.34% (Interest Expense 1.00m / Debt 298.0m)
Taxrate = 22.94% (39.0m / 170.0m)
NOPAT = 124.8m (EBIT 162.0m * (1 - 22.94%))
Current Ratio = 2.83 (Total Current Assets 428.0m / Total Current Liabilities 151.0m)
Debt / Equity = 0.49 (Debt 298.0m / totalStockholderEquity, last quarter 604.0m)
Debt / EBITDA = 0.64 (Net Debt 118.0m / EBITDA 184.0m)
Debt / FCF = 1.0 (Net Debt 118.0m / FCF TTM 118.0m)
Total Stockholder Equity = 551.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 12.69% (Net Income 130.0m / Total Assets 1.31b)
RoE = 23.58% (Net Income TTM 130.0m / Total Stockholder Equity 551.2m)
RoCE = 20.14% (EBIT 162.0m / Capital Employed (Equity 551.2m + L.T.Debt 253.0m))
RoIC = 11.00% (NOPAT 124.8m / Invested Capital 1.13b)
WACC = 7.38% (E(6.55b)/V(6.85b) * Re(7.70%) + D(298.0m)/V(6.85b) * Rd(0.34%) * (1-Tc(0.23)))
Discount Rate = 7.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -7.16 | Cagr: 0.00%
[DCF] Terminal Value 73.10% ; FCFF base≈142.0m ; Y1≈124.5m ; Y5≈100.6m
[DCF] Fair Price = 56.51 (EV 1.61b - Net Debt 118.0m = Equity 1.50b / Shares 26.5m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 83.16 | EPS CAGR: 37.34% | SUE: 1.60 | # QB: 1
Revenue Correlation: 89.82 | Revenue CAGR: 18.97% | SUE: 0.03 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.51 | Chg30d=-1.87% | Revisions=-25% | Analysts=3
EPS next Quarter (2026-09-30): EPS=2.84 | Chg30d=-0.96% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=9.34 | Chg30d=-0.92% | Revisions=+0% | GrowthEPS=+100.0% | GrowthRev=+50.2%
EPS next Year (2027-12-31): EPS=13.34 | Chg30d=-1.58% | Revisions=+0% | GrowthEPS=+42.8% | GrowthRev=+28.7%
[Analyst] Revisions Ratio: -7% (up=5, down=6)