Mips AB/Skr MIPS
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Capital at risk
About Mips AB
Mips AB is a Swedish company that operates within the safety products industry, with a focus on helmet-based safety and brain protection solutions. The company is renowned for its MIPS Brain Protection System, a technology integrated into helmets to reduce rotational motion transferred to the brain during impacts, which can significantly reduce the risk of certain brain injuries. Founded in 2001, Mips AB stems from research conducted at the Royal Institute of Technology and the Karolinska Institute in Stockholm. Headquartered in Stockholm, Sweden, the company has established itself with a strong geographic presence primarily through partnerships with helmet manufacturers worldwide. Mips AB's competitive strength lies in its proprietary technology and its ability to integrate seamlessly into diverse helmet types used in sports, motorcycling, and construction, among other areas.
- Ticker
- Skr MIPS
- Sector
- Consumer Discretionary
- Primary listing
- XSTO
- Employees
- 127
- Headquarters
- Täby, Sweden
- Website
- mipscorp.com
Mips AB Metrics
BasicAdvanced
kr 9.7B
58.73
kr 6.23
1.59
kr 2.50
0.68%
Price and volume
Market cap
kr 9.7B
Beta
1.59
52-week high
kr 448.80
52-week low
kr 206.00
Average daily volume
81K
Dividend rate
kr 2.50
Financial strength
Current ratio
2.68
Quick ratio
2.556
Long term debt to equity
0.441
Total debt to equity
0.533
Dividend payout ratio (TTM)
40.00%
Interest coverage (TTM)
17.29%
Profitability
EBITDA (TTM)
259
Gross margin (TTM)
73.04%
Net profit margin (TTM)
24.85%
Operating margin (TTM)
36.45%
Effective tax rate (TTM)
23.61%
Revenue per employee (TTM)
kr 5,230,000
Management effectiveness
Return on assets (TTM)
15.46%
Return on equity (TTM)
29.39%
Valuation
Price to earnings (TTM)
58.73
Price to revenue (TTM)
14.594
Price to book
15.69
Price to tangible book (TTM)
-66.28
Price to free cash flow (TTM)
60.189
Free cash flow yield (TTM)
1.66%
Free cash flow per share (TTM)
6.078
Dividend yield (TTM)
0.68%
Forward dividend yield
0.68%
Growth
Revenue change (TTM)
28.19%
Earnings per share change (TTM)
18.20%
3-year revenue growth (CAGR)
17.43%
3-year earnings per share growth (CAGR)
25.84%
3-year dividend per share growth (CAGR)
-23.11%
Bulls say / Bears say
Strong organic growth accelerated to 42% in Q2 2026, driving net sales up 72% to SEK 232 million and reflecting consistent market share gains across all segments (Investing.com).
Adjusted EBIT margin expanded to 46.7% in Q2 2026, up from 40.4% a year earlier, demonstrating the scalability of Mips’ business model and effective cost leverage (Investing.com).
The acquisition of Koroyd has integrated well, contributing 30% growth in Q2 and broadening Mips’ portfolio into safety, body protection, and gloves, positioning the company for expansion into adjacent markets (Mips Q2 report).
At a P/E ratio of 68.35, Mips’ valuation implies high earnings expectations, leaving limited margin for error should growth moderate or operational challenges arise (Investing.com).
Currency fluctuations weighed on reported results, with FX headwinds reducing first-half revenue by 7% and posing a recurring risk to growth metrics (Mips Q2 report).
The USD 3.25 million settlement of the patent infringement litigation with BrainGuard will impact Q3 EBIT and underscores the ongoing risk and cost of IP disputes (Omni.se).
Data summarised monthly by Lightyear AI. Last updated on 31 Aug 2026.
Upcoming events
No upcoming events
Funds containing Mips AB
AllEURGBPUSD
Fund name | Fund size | Skr MIPS weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.07% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.07% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.