NOT FOR DISTRIBUTION
Header cover image

Market Cap

AU$141.1m

Last Updated

2021/04/11 08:23 UTC

Data Sources

Company Financials

Executive Summary

Thorney Technologies Ltd invests in technology related companies. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

How has Thorney Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TEK is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TEK's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

8.3%

TEK

2.1%

AU Capital Markets

2.6%

AU Market


1 Year Return

100.0%

TEK

34.5%

AU Capital Markets

37.1%

AU Market

Return vs Industry: TEK exceeded the Australian Capital Markets industry which returned 32.7% over the past year.

Return vs Market: TEK exceeded the Australian Market which returned 35.6% over the past year.


Shareholder returns

TEKIndustryMarket
7 Day8.3%2.1%2.6%
30 Day8.3%4.2%4.4%
90 Day-1.3%4.6%3.6%
1 Year101.1%100.0%38.8%34.5%41.3%37.1%
3 Year60.0%59.2%53.7%36.0%36.2%19.8%
5 Yearn/a117.9%74.9%67.4%34.6%

Long-Term Price Volatility Vs. Market

How volatile is Thorney Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

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$0.39) is trading below our estimate of fair value (A$0.95)

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 (4.2x) compared to the AU Capital Markets industry average (21.7x).

PE vs Market: TEK is good value based on its PE Ratio (4.2x) compared to the Australian market (20.2x).


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 (0.9x) 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?

9.8%

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?

41.9%

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 (76.7%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: TEK has become profitable over the past 5 years, growing earnings by 41.9% per year.

Accelerating Growth: TEK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TEK had negative earnings growth (-11.5%) over the past year, making it difficult to compare to the Capital Markets industry average (-5%).


Return on Equity

High ROE: TEK's Return on Equity (16%) is considered low.


Financial Health

How is Thorney Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: TEK's short term assets (A$125.2M) exceed its short term liabilities (A$8.7M).

Long Term Liabilities: TEK has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TEK is debt free.

Reducing Debt: TEK has no debt compared to 5 years ago when its debt to equity ratio was 347.4%.

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?

4.6yrs

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 (4.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: TEK 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 40.6%.


Top Shareholders

Company Information

Thorney Technologies Ltd's company bio, 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
  • Market Cap: AU$141.099m
  • Shares outstanding: 361.79m
  • Website: https://www.thorneytechnologies.com.au

Location

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

Listings


Biography

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. Tho...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 08:23
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/06/30


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.