Micro Systemation AB (publ)

Research Micro Systemation AB (publ) (MSAB-B) on Bullrun: valuation model: 12.7% undervalued, market cap SEK 1.65B, P/E 23.8, dividend yield 1.6%. Explore financials, valuation history, model signals, and stock context.

Key Metrics

TickerMSAB-B
ExchangeST
CountrySweden
SectorTechnology
IndustrySoftware - Application
CurrencySEK
Valuation signal12.7% undervalued
Market capSEK 1.65B
P/E23.8
Dividend yield1.6%
Financial periodQ2 2026
RevenueSEK 122.50M
Net incomeSEK 9.40M
Free cash flowSEK 20.50M
Gross margin35.8%

Valuation Snapshot

Bullrun's latest valuation model marks Micro Systemation AB (publ) as 12.7% undervalued; latest market cap is SEK 1.65B; P/E is 23.8; dividend yield is 1.6%.

Peer valuation comparison

Latest P/E is 23.81x versus a Technology sector median of 28.57x (16.7% below).

Latest dividend yield is 1.61% versus a Technology sector median of 1.65% (2.4% below).

Five-year financial history

Year	Revenue	Net income	Free cash flow	Gross margin	Diluted EPS	Cash	Total debt	Equity
FY2025	SEK 461.80M	SEK 49.20M	n/a	50.2%	n/a	SEK 159.55M	SEK 16.28M	SEK 150.20M
FY2024	SEK 404.70M	SEK 37.50M	n/a	67.6%	n/a	SEK 138.16M	SEK 45.10M	SEK 130.42M
FY2023	SEK 416.95M	SEK 30.00M	n/a	90.4%	1.62	SEK 132.93M	n/a	SEK 115.91M
FY2022	SEK 362.98M	SEK 17.13M	n/a	84.3%	0.92	SEK 104.39M	n/a	SEK 116.07M

Valuation history

Year	Snapshot date	Market cap	P/E	Dividend yield	Annual dividend/share
2026	2026-08-23	SEK 1.65B	23.8	1.8%	1.6

Dividend history

Latest trailing dividend snapshot: annual dividend/share 1.6 SEK, yield 1.6%.

Year	Dividends/share
FY2023	1.5 SEK

About Micro Systemation AB (publ)

Micro Systemation AB (publ), together with its subsidiaries, provides forensic technology for mobile device examination and analysis in Sweden and internationally. The company offers XRY software products that include XRY logical, a software solution that enables investigators to access and recover live and file system data from the device on the crime scene; XRY Physical, a software solution, which is used for the physical recovery of data from mobile devices;

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Frequently asked questions

Is Micro Systemation AB (publ) overvalued or undervalued?

Bullrun's valuation model currently marks Micro Systemation AB (publ) as 12.7% undervalued.

What is Micro Systemation AB (publ)'s market cap?

Micro Systemation AB (publ)'s market capitalization is SEK 1.65B.

What is Micro Systemation AB (publ)'s P/E ratio?

Micro Systemation AB (publ)'s price-to-earnings (P/E) ratio is 23.8.

Does Micro Systemation AB (publ) pay a dividend?

Micro Systemation AB (publ) has a dividend yield of 1.6%.

What does Micro Systemation AB (publ) do?

Micro Systemation AB (publ), together with its subsidiaries, provides forensic technology for mobile device examination and analysis in Sweden and internationally.