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TEK

Thorney TechnologiesASX:TEK Stock Report

Last Price

AU$0.40

Market Cap

AU$170.0m

7D

-3.6%

1Y

2.6%

Updated

23 Jan, 2022

Data

Company Financials
TEK fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends0/6

TEK Stock Overview

Thorney Technologies Ltd invests in technology related companies.

Price History & Performance

Summary of all time highs, changes and price drops for Thorney Technologies
Historical stock prices
Current Share PriceAU$0.40
52 Week HighAU$0.49
52 Week LowAU$0.35
Beta1.22
1 Month Change-5.88%
3 Month Change-8.05%
1 Year Change2.56%
3 Year Change81.82%
5 Year Change70.21%
Change since IPO-100.00%

Recent News & Updates

Mar 07
Need To Know: Thorney Technologies Ltd (ASX:TEK) Insiders Have Been Buying Shares

Need To Know: Thorney Technologies Ltd (ASX:TEK) Insiders Have Been Buying Shares

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

Dec 22
What Kind Of Investors Own Most Of Thorney Technologies Ltd (ASX:TEK)?

What Kind Of Investors Own Most Of Thorney Technologies Ltd (ASX:TEK)?

The big shareholder groups in Thorney Technologies Ltd ( ASX:TEK ) have power over the company. Institutions often own...

Shareholder Returns

TEKAU Capital MarketsAU Market
7D-3.6%-5.4%-2.8%
1Y2.6%16.1%5.8%

Return vs Industry: TEK underperformed the Australian Capital Markets industry which returned 16.1% over the past year.

Return vs Market: TEK underperformed the Australian Market which returned 5.8% over the past year.

Price Volatility

Is TEK's price volatile compared to industry and market?
TEK volatility
TEK Average Weekly Movement4.8%
Capital Markets Industry Average Movement4.5%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: TEK is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TEK's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005n/an/ahttps://www.thorneytechnologies.com.au

Thorney Technologies Ltd invests in technology related companies. The company was formerly known as Australian Renewable Fuels Limited and changed its name to Thorney Technologies Ltd in December 2016. Thorney Technologies Ltd was founded in 2005 and is based in Melbourne, Australia.

Thorney Technologies Fundamentals Summary

How do Thorney Technologies's earnings and revenue compare to its market cap?
TEK fundamental statistics
Market CapAU$170.02m
Earnings (TTM)AU$52.85m
Revenue (TTM)AU$79.87m

3.2x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TEK income statement (TTM)
RevenueAU$79.87m
Cost of RevenueAU$0
Gross ProfitAU$79.87m
ExpensesAU$27.02m
EarningsAU$52.85m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin100.00%
Net Profit Margin66.17%
Debt/Equity Ratio0.0%

How did TEK perform over the long term?

See historical performance and comparison

Valuation

Is Thorney Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TEK (A$0.4) is trading below our estimate of fair value (A$1.2)

Significantly Below Fair Value: TEK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TEK is good value based on its PE Ratio (3.2x) compared to the Australian Capital Markets industry average (16.1x).

PE vs Market: TEK is good value based on its PE Ratio (3.2x) compared to the Australian market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TEK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TEK is good value based on its PB Ratio (1x) compared to the AU Capital Markets industry average (1.3x).


Future Growth

How is Thorney Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Thorney Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Thorney Technologies performed over the past 5 years?

49.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TEK has a high level of non-cash earnings.

Growing Profit Margin: TEK's current net profit margins (66.2%) are higher than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: TEK has become profitable over the past 5 years, growing earnings by 49.2% per year.

Accelerating Growth: TEK's earnings growth over the past year (26342.7%) exceeds its 5-year average (49.2% per year).

Earnings vs Industry: TEK earnings growth over the past year (26342.7%) exceeded the Capital Markets industry 37.7%.


Return on Equity

High ROE: TEK's Return on Equity (30.1%) is considered high.


Financial Health

How is Thorney Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: TEK's short term assets (A$149.4M) exceed its short term liabilities (A$10.8M).

Long Term Liabilities: TEK's short term assets (A$149.4M) exceed its long term liabilities (A$1.4M).


Debt to Equity History and Analysis

Debt Level: TEK is debt free.

Reducing Debt: TEK currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: TEK has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TEK has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Thorney Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TEK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TEK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TEK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TEK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TEK's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average board tenure


CEO

Thorney Technologies has no CEO, or we have no data on them.


Board Members

Experienced Board: TEK's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.5%.


Top Shareholders

Company Information

Thorney Technologies Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Thorney Technologies Ltd
  • Ticker: TEK
  • Exchange: ASX
  • Founded: 2005
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: AU$170.016m
  • Shares outstanding: 425.04m
  • Website: https://www.thorneytechnologies.com.au

Location

  • Thorney Technologies Ltd
  • 55 Collins Street
  • Level 39
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 07:04
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.