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Employees: 1,133
Size Stillfront (SF.ST) is a Sweden Information Technology company (Packaged Software) with a market value of $320M, the 217th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 6.05 on 6 Nov 2026.
Performance Over six months the shares gained 8.8%, against -18.5% for the median peer and +8.2% for the Sweden market (cap-weighted) — 6th highest of 19 in its peer set.
Growth Revenue fell 11.8% over the last twelve months (peer median +8.3%); the operating margin is 16.2% (peer median 9.2%).
Valuation It trades at 4.2× forward earnings against a peer median of 18.9× (cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -15% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.0 points above its cost of capital (5.0% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 5.30B | SEK 5.71B | SEK 6.74B | SEK 6.98B | SEK 7.06B |
| Revenue growth | — | -15% | -4% | -1% | — |
| Gross profit | SEK 1.41B | SEK 1.37B | SEK 1.40B | SEK 1.47B | SEK 1.67B |
| EBITDA | SEK 1.34B | SEK 1.41B | SEK 1.36B | SEK 1.76B | SEK 2.08B |
| Net income | -SEK 1.98B | -SEK 2.40B | -SEK 7.38B | SEK 7.00M | SEK 559M |
| Free cash flow | SEK 1.62B | SEK 1.46B | SEK 1.67B | SEK 1.66B | SEK 2.00B |
| Capital expenditure | SEK 504M | SEK 520M | SEK 619M | SEK 833M | SEK 1.06B |
| Total debt | SEK 4.36B | SEK 4.57B | SEK 5.00B | SEK 4.94B | SEK 4.82B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SF.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.6% | -1.6% | 6th lowest of 20 |
| 6-month return | +8.8% | -18.5% | 6th highest of 19 |
| Distance from 52-week high | -21.7% | -45.8% | 5th highest of 20 |
| Revenue growth (TTM) | -11.8% | +8.3% | 6th lowest of 21 |
| Operating margin | 16.2% | 9.2% | 8th highest of 20 |
| Forward P/E | 4.2× | 18.9× | cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -15.4% | 10.8% | least demanding of 11 |
| Growth delivered (Del g) | +7.4% | +16.0% | 5th lowest of 11 |
| Hurdle (Req g minus delivered) | -22.8 pp | -5.7 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | +3.0 pp | -2.9 pp | 7th highest of 19 |
| EV / EBITDA | 5.0× | 15.0× | 2nd cheapest of 11 |
| Net debt / EBITDA | 2.7× | -0.4× | 3rd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Stillfront SF.ST | Sweden | $320M | +9% | -12% | 16% | 4.2× | -15.4% | +7.4% |
| Zengame Technology 2660.HK | Hong Kong | $318M | -15% | +19% | 24% | n/a | n/a | n/a |
| eMudhra EMUDHRA.NS | India | $324M | -31% | +30% | 18% | 22.3× | n/a | n/a |
| Cerillion CER.L | United Kingdom | $314M | -41% | +1% | 39% | 16.4× | 1.4% | +16.9% |
| Akatsuki 3932.T | Japan | $327M | +29% | +31% | 34% | 6.3× | -13.6% | -3.6% |
| Sidetrade ALBFR.PA | France | $327M | +24% | +13% | 5% | 30.6× | 33.9% | +16.1% |
| EHang Holdings Ltd. Sponsored ADR EH | United States | $309M | -61% | -3% | -86% | n/a | n/a | n/a |
| toggle 652A.T | Japan | $331M | n/a | +25% | 9% | n/a | n/a | n/a |
| cBrain A/S CBRAIN.CO | Denmark | $332M | +84% | -1% | 24% | 39.7× | 11.6% | +15.9% |
| 8x8 EGHT | United States | $308M | -22% | +4% | 4% | 5.9× | 12.4% | +6.7% |
| Reconova Technologies 7656.HK | Hong Kong | $336M | n/a | +12% | -15% | n/a | n/a | n/a |
| Netcall NET.L | United Kingdom | $304M | +7% | +20% | 10% | 25.6× | 9.3% | +16.3% |
| COLOPL 3668.T | Japan | $337M | -4% | -13% | 10% | 18.9× | n/a | n/a |
| Wuhan Xingtu Xinke Electronics 688081.SS | China | $337M | -59% | -13% | -49% | n/a | n/a | n/a |
| DEAR U 376300.KS | South Korea | $338M | -40% | +20% | 22% | 15.0× | 5.1% | +45.1% |
| 7Road 0797.HK | Hong Kong | $338M | +83% | +71% | 27% | n/a | n/a | n/a |
| Ropeok Technology 688619.SS | China | $302M | -32% | -17% | -144% | n/a | 41.8% | -24.4% |
| Lesaka Technologies LSAK | United States | $302M | -28% | +9% | 3% | 7.2× | 10.1% | +40.7% |
| Beijing Infosec Technologies 688201.SS | China | $340M | -9% | +7% | 2% | 42.1× | 56.5% | +5.5% |
| SaverOne 2014 Ltd. ADR SVRE | United States | $342M | -85% | -68% | -6,262% | n/a | n/a | n/a |
| Carvolix CVX.PA | France | $342M | +62% | -100% | n/a | n/a | n/a | n/a |