MIPS AB chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 25.08
Dividend & Yield5.00kr (1.37%)
Beta 1.27
Market capitalization 9.55B
Operating cash flow 270M
ESG Scores unknown

Company description

MIPS AB (publ) manufactures and sells helmet-based safety systems in North America, Europe, Sweden, Asia, and Australia. It offers sports helmets for biking, skiing and snowboarding, equestrian, team sports, climbing, and white water rafting; and road motorcycle and motocross helmets. The company also provides safety helmets for industrial use, and legal enforcement and armed forces. MIPS AB (publ) was incorporated in 2001 and is headquartered in Täby, Sweden.

Sector: Consumer Cyclical - Industry: Leisure

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -6.64M -49M -15M -11M
Net Borrowings -2M -2M -4M -3M
Total Cash From Financing Activities -65M -65M -15M -95M
Change To Operating Activities 10.82M 4M 20M 47M
Issuance Of Stock 52M 52M 52M
Net Income 56.4M 85M 129M 255M
Change In Cash 62.74M -51M 80M 178M
Effect Of Exchange Rate 296k -4M -4M 6M
Total Cash From Operating Activities 69.08M 63M 116M 277M
Depreciation 1.64M 7M 12M 12M
Change To Account Receivables -17.62M -32M -63M -58M
Other Cashflows From Financing Activities 19M 19M 19M
Change To Netincome 18.69M -1M 19M 27M
Capital Expenditures -2.22M -1M -10M -4M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 12.14M 15M 18M 24M
Income Before Tax 72.84M 109M 165M 328M
Net Income 56.4M 85M 129M 255M
Selling General Administrative 48.94M 66M 77M 105M
Gross Profit 142.19M 199M 266M 445M
Ebit 81.12M 118M 171M 316M
Operating Income 81.12M 118M 171M 316M
Interest Expense -7k -1M -1M
Income Tax Expense 16.44M 24M 36M 73M
Total Revenue 192.53M 268M 365M 608M
Cost Of Revenue 50.35M 69M 99M 163M
Total Other Income ExpenseNet -8.28M -9M -6M 12M
Net Income From Continuing Ops 56.4M 85M 129M 255M
Net Income Applicable To Common Shares 56.4M 85M 129M 255M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 43.76M 45M 91M 179M
Total Stockholder Equity 275.64M 298M 426M 577M
Other Current Liabilities 14.66M 7M 24M 78M
Total Assets 319.39M 343M 517M 756M
Common Stock 2.53M 3M 3M 3M
Other Current Assets 381k
Retained Earnings 30.98M 84M 139M 303M
Treasury Stock -1.12M -1M 10M -3M
Cash 242.51M 192M 272M 450M
Total Current Liabilities 43.76M 43M 77M 174M
Other Stockholder Equity -1.12M -1M 10M -3M
Property, Plant, and Equipment 3.73M 3M 22M 19M
Total Current Assets 303.4M 283M 440M 680M
Net Tangible Assets 264.58M 242M 371M 521M
Net Receivables 57.58M 88M 164M 219M
Accounts Payable 20.11M 26M 33M 70M


Insider Transactions

Here are the insider transactions of stock shares related to MIPS AB:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MIPS AB. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MIPS AB

Here is the result of two systematic investment strategies applied to MIPS AB. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MIPS AB

The following chart shows the equity curve of the two systematic investment strategies applied to MIPS AB:

MIPS AB automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 408.14% on the backtest period.

Performance at glance

Performance

408.14 %

Latent gain

12515.5 kr

Invested capital

3066.5 kr

Annualized return

99.06 %
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Momentum strategy results on MIPS AB

This is the result of two momentum investment strategies applied to MIPS AB. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MIPS AB

The following chart shows all the entries opened by the momentum investment system on MIPS AB:

MIPS AB momentum entries
  • The first momentum investment strategy would give 470.86% of return on MIPS AB. That represents 29376.95kr of latent gain with 6239.05kr of employed capital.
  • The second momentum investment strategy would give 523.2% of return on MIPS AB. That represents 19622.5kr of latent gain with 3750.5kr of employed capital.
Performance at glance (1Q Momentum)

Performance

470.86 %

Latent gain

29376.95 kr

Invested capital

6239.05 kr

Annualized return

21.06 %
Performance at glance (2Q Momentum)

Performance

523.2 %

Latent gain

19622.5 kr

Invested capital

3750.5 kr

Annualized return

143.74 %

Momentum equity curve on MIPS AB

The following chart shows the equity curve of the two momentum strategies applied to MIPS AB:

MIPS AB momentum equity

Note: the dividends potentially given by MIPS AB are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MIPS AB

The following chart shows the employed capital evolution of the two momentum strategies on MIPS AB since the beginning:

MIPS AB

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250kr, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000kr.


Buy the dip strategy result on MIPS AB

Buy the dip entry openings on MIPS AB

MIPS AB

The performance achieved by the robo-advisor on MIPS AB is 44.64%. That represents 1030.5$ of latent gain with 2308.5kr of employed capital. The following chart shows MIPS AB stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MIPS AB, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

44.64 %

Latent gain

1030.5 kr

Invested capital

2308.5 kr

Annualized return

21.06 %

Equity curve of the strategy applied to MIPS AB

The following chart shows the result of the investment strategy applied to MIPS AB:

MIPS AB

Note: the dividends potentially given by MIPS AB are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MIPS AB

The following chart shows the employed capital evolution since the beginning of the investment strategy on MIPS AB:

MIPS AB

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MIPS AB

In this section, I will compare the three previous investment strategies applied to MIPS AB.

Equity curve comparison on MIPS AB

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MIPS AB investment strategy comparison

Employed capital comparison on MIPS AB

MIPS AB investment comparison

Performance comparison on MIPS AB

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 408.14% 12515.5kr 3066.5kr 99.06%
Momentum 1 quarter 470.86% 29376.95kr 6239.05kr 121.36%
Momentum 2 quarters 523.2% 19622.5kr 3750.5kr 143.74%
Non-directional 44.64% 1030.5kr 2308.5kr 21.06%
Annualized return comparison

Automatic investment

99.06 %

Momentum 1Q

143.74 %

Momentum 2Q

143.74 %

Non-directional

21.06 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MIPS AB:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between MIPS AB and the other stocks. There may be false positives or some missing correlated stocks. If the price of MIPS AB does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name MIPS AB
Country Sweden
City Täby
Address KemistvAegen 1B
Phone 46 8 12 86 40 00
Website mipscorp.com
FullTime employees 98
Industry Leisure
Sector Consumer Cyclical
Exchange XSTO
Ticker MIPS.XSTO
Market www.nasdaqomxnordic.com

MIPS AB ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown