TEK Stock Overview
Thorney Technologies Ltd invests in technology related companies.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.40|
|52 Week High||AU$0.49|
|52 Week Low||AU$0.35|
|1 Month Change||-5.88%|
|3 Month Change||-8.05%|
|1 Year Change||2.56%|
|3 Year Change||81.82%|
|5 Year Change||70.21%|
|Change since IPO||-100.00%|
Recent News & Updates
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...
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...
|TEK||AU Capital Markets||AU Market|
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.
|TEK Average Weekly Movement||4.8%|
|Capital Markets Industry Average Movement||4.5%|
|Market Average Movement||8.6%|
|10% most volatile stocks in AU Market||15.4%|
|10% least volatile stocks in AU Market||3.7%|
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
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
|TEK fundamental statistics|
Is TEK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TEK income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.12|
|Net Profit Margin||66.17%|
How did TEK perform over the long term?See historical performance and comparison
Is Thorney Technologies undervalued compared to its fair value and its price relative to the market?
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).
How is Thorney Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Thorney Technologies performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Thorney Technologies has no CEO, or we have no data on them.
Experienced Board: TEK's board of directors are considered experienced (5.1 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.5%.
Thorney Technologies Ltd's employee growth, exchange listings and data sources
- 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
- Thorney Technologies Ltd
- 55 Collins Street
- Level 39
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/23 07:04|
|End of Day Share Price||2022/01/21 00:00|
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.