Frontwalker Valuation Multiples

Discover revenue and EBITDA valuation multiples for Frontwalker and similar public comparables like Trident Techlabs, HUI, Avensia, Reti and more.

Frontwalker Overview

About Frontwalker

Frontwalker AB offers commitments regarding developing and managing large customer-specific IT systems and enhancing resources and competence throughout all phases of the system development process.


Founded

2005

HQ

Sweden

Employees

129

Financials (LTM)

Revenue: $10M
EBITDA: ($466K)

EV

$24M

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Frontwalker Financials

Frontwalker reported last 12-month revenue of $10M and negative EBITDA of ($466K).

In the same LTM period, Frontwalker generated $8M in gross profit, ($466K) in EBITDA losses, and had net loss of ($762K).


Frontwalker P&L

In the most recent fiscal year, Frontwalker reported revenue of $4M and EBITDA of ($2M).

Frontwalker is unprofitable as of last fiscal year, with gross margin of (32%), EBITDA margin of (49%), and net margin of (51%).

See analyst estimates for Frontwalker
LTMLast FY202320242025202620272028
Revenue$10M$4M$10M$5M$4M
Gross Profit$8M($1M)$463K($412K)($1M)
Gross Margin81%(32%)4%(8%)(32%)
EBITDA($466K)($2M)($583K)($2M)($2M)
EBITDA Margin(5%)(49%)(6%)(44%)(49%)
EBIT Margin(8%)(52%)(9%)(47%)(52%)
Net Profit($762K)($2M)($911K)($2M)($2M)
Net Margin(8%)(51%)(9%)(46%)(51%)
Net Debt-$291K---

Financial data powered by Morningstar, Inc.

Frontwalker Stock Performance

Frontwalker has current market cap of $23M, and enterprise value of $24M.

Market Cap Evolution


Frontwalker's stock price is $0.06.

Frontwalker share price increased by 8.8% in the last 30 days, and by 106.9% in the last year.

See more trading valuation data for Frontwalker
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$24M$23M6.7%8.8%-11.5%106.9%$-0.00

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Frontwalker Valuation Multiples

Frontwalker trades at 2.4x EV/Revenue multiple, and (50.6x) EV/EBITDA.

See NTM and 2027E valuation multiples for Frontwalker

Frontwalker Financial Valuation Multiples

As of September 13, 2026, Frontwalker has market cap of $23M and EV of $24M.

Frontwalker has a P/E ratio of (30.7x).

LTMLast FY202320242025202620272028
EV/Revenue2.4x6.2x2.3x4.4x6.2x
EV/EBITDA(50.6x)(12.8x)(40.4x)(10.1x)(12.8x)
EV/EBIT(31.3x)(11.8x)(24.2x)(9.4x)(11.8x)
EV/Gross Profit3.0x(19.2x)50.8x(57.2x)(19.2x)
P/E(30.7x)(12.1x)(25.7x)(9.5x)(12.1x)
EV/FCF-(13.8x)(56.3x)(19.4x)(13.8x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Frontwalker Margins & Growth Rates

Frontwalker grew revenue by 221% but EBITDA decreased by 157% in the last fiscal year.

In the most recent fiscal year, Frontwalker reported gross margin of (32%), EBITDA margin of (49%), and net margin of (51%).

See estimated margins and future growth rates for Frontwalker

Frontwalker Margins

Last FY20242025202720282029
Gross Margin(32%)(8%)(32%)
EBITDA Margin(49%)(44%)(49%)
EBIT Margin(52%)(47%)(52%)
Net Margin(51%)(46%)(51%)
FCF Margin(45%)(23%)(45%)

Frontwalker Growth Rates

FY+1/FY23/2424/2526/2727/2828/29
Revenue Growth221%(48%)(29%)
Gross Profit Growth-(189%)197%
EBITDA Growth(157%)300%(21%)
EBIT Growth(139%)159%(21%)
Net Profit Growth(130%)171%(22%)
FCF Growth-190%41%

Data powered by FactSet, Inc. and Morningstar, Inc.

Frontwalker Operational KPIs

Frontwalker's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.

Access forward-looking KPIs for Frontwalker
LTMLast FY202320242025202620272028
Rule of 40(4%)----
Bessemer Rule of X(3%)----
Revenue per Employee-$0.0M---
Opex per Employee-$0.0M---
Opex to Revenue-153%14%39%153%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Frontwalker Competitors

Frontwalker competitors include Trident Techlabs, HUI, Avensia, Reti, B3 Consulting Group, Dataproces Group, COSOL, Reisswolf Bulgaria, P.N. Promise and Altitude Group.

Most Frontwalker public comparables operate across IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Trident Techlabs2.3x-17.9x-
HUI----
Avensia0.4x0.4x3.3x3.7x
Reti0.7x0.7x7.6x7.2x
B3 Consulting Group0.4x0.4x6.5x6.0x
Dataproces Group2.6x-7.6x-
COSOL0.6x0.6x28.1x5.8x
Reisswolf Bulgaria20.1x-32.4x-

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About Frontwalker

When was Frontwalker founded?Frontwalker was founded in 2005.
Where is Frontwalker headquartered?Frontwalker is headquartered in Sweden.
How many employees does Frontwalker have?As of today, Frontwalker has over 129 employees.
Is Frontwalker publicly listed?Yes, Frontwalker is a public company listed on Nordic Growth Market.
What is the stock symbol of Frontwalker?Frontwalker trades under FRWA B ticker.
When did Frontwalker go public?Frontwalker went public in 2017.
Who are competitors of Frontwalker?Frontwalker main competitors include Trident Techlabs, HUI, Avensia, Reti, B3 Consulting Group, Dataproces Group, COSOL, Reisswolf Bulgaria, P.N. Promise, Altitude Group.
What is the current market cap of Frontwalker?Frontwalker's current market cap is $23M.
What is the current revenue of Frontwalker?Frontwalker's last 12 months revenue is $10M.
What is the current revenue growth of Frontwalker?Frontwalker revenue growth (NTM/LTM) is 1%.
What is the current EV/Revenue multiple of Frontwalker?Current revenue multiple of Frontwalker is 2.4x.
Is Frontwalker profitable?No, Frontwalker is not profitable.
What is the current EBITDA of Frontwalker?Frontwalker has negative EBITDA and is not profitable.
What is Frontwalker's EBITDA margin?Frontwalker's last 12 months EBITDA margin is (5%).
What is the current EV/EBITDA multiple of Frontwalker?Current EBITDA multiple of Frontwalker is (50.6x).
How many companies Frontwalker has acquired to date?Frontwalker hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Frontwalker has invested to date?Frontwalker hasn't invested in any companies yet (or none have been disclosed publicly).

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