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Earnings warning

MIPS

STO:MIPS · SE0009216278
Leisure ProductsSmall

360

62
EV / EBIT25
Price / Owner Earnings7
Owner Earnings Yield31
Dividend Yield55
Price/Sales3
EV / Gross Profit4
Price/Book9
Return on Capital96
Cash Return on Capital94
Return on Equity94
EBIT Margin100
Gross Profitability58
Cash Conversion24
Accruals3
Owner Earnings Margin96
Sales growth100
Profit Growth27
Long-Term EPS Growth53
Owner Earnings Growth61
Reinvestment7
Price momentum17
Debt load57
Refinancing16
Debt Payback54
Liquidity92
Analyst ratings91
Opinion Changes50
Price Target Upside100
Market mood71
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

MIPS generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountrySweden
IndustryLeisure Products
SizeSmall
TypePublic Company
ExchangeOM
Founded2001
Employees104
ISINSE0009216278
Last UpdateApr 2, 2026
Index & Theme
Environment, Health and Safety (EH&S)Detectors, Sensors and MemsWearablesBiomedical EngineeringGamingLeisureSporting Goods

Description

Mips AB (publ) develops, manufactures, and sells helmet-based safety systems. Business Segments The company operates primarily in the helmet safety segment, which is categorized into two main divisions: licensing and development. Licensing This s…

Analysis

Hope premium

Mips AB (publ) carries what we call a hope premium: an average business trading at an ambitious price. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 45.8× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is moderate and the balance sheet is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
28
2023202420252026

All-time high

69

Jan 2025

All-time low

28

Jun 2026

Average rank

46

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
3
1
1
1
Price/Earnings
26
7
3
1
Price/Book
9
3
5
1
Dividend Yield
55
22
22
15
Value (overall)
17
1
1
1

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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The companies this stock is ranked against.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →