- Net sales for Mips in the third quarter reached SEK123 million, surpassing the estimated SEK120.7 million.
- The operating profit was reported at SEK48 million, slightly above the forecast of SEK47 million.
- Mips achieved an operating margin of 38.5% during this period.
- Earnings per share (EPS) amounted to SEK1.37.
- The cash flow from operations stood at SEK36 million.
- Current market consensus includes 5 buy ratings, 3 hold ratings, and no sell ratings on Mips.
A look at MIPS Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using the Smartkarma Smart Scores to evaluate the long-term outlook for MIPS, a company that manufactures sports helmets, indicate positive signals based on the scores. The company received a high score of 5 in Resilience and Momentum, suggesting strong stability and growth potential. With a Growth score of 3, MIPS shows potential for expanding its market presence over time. While Value and Dividend scores are rated at 2, indicating moderate performance in these areas, the overall outlook for the company appears promising.
MIPS AB focuses on producing sports helmets and offers a brain protection system tailored for the helmet market. Their products cater to a wide range of activities including winter sports, cycling, horse riding, and motor racing. Serving customers globally, MIPS aims to provide innovative solutions for head protection in various sporting and recreational pursuits.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
