Added to YB: 2025-09-16
Pitch date: 2025-09-13
MIPS.ST [neutral]
Mips AB (publ)
-7.98%
current return
Author Info
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Company Info
Mips AB (publ) develops, manufactures, and sells helmet-based safety systems in North America, Europe, Sweden, Asia, and Australia.
Market Cap
SEK 10.1B
Pitch Price
SEK 380.80
Price Target
N/A
Dividend
1.71%
EV/EBITDA
52.30
P/E
72.11
EV/Sales
18.98
Sector
Leisure Products
Category
growth
[MIPS] Mips AB: When Your Customers Become Your Competitors
MIPS.ST (deep dive): Swedish brain protection tech w/ 72-74% margins, 150 helmet partners. EU regs (EN17950) forcing adoption, Europe at 10-20% vs US 50-60% penetration = 300-500M SEK upside. Industrial safety +119% Q4. Bear: Lazer defected to own tech, patents expire 2030, 5 customers = 40% revenue. Tariff chaos delaying orders. Bull: regulatory capture, 33% growth target to 2B SEK by 2029.
Read full article (25 min)