Thorney Technologies
Market Cap
AU$141.1m
Last Updated
2021/04/11 08:49 UTC
Data Sources
Company Financials
Executive Summary
Thorney Technologies Ltd invests in technology related companies. More Details
Rewards
Risk Analysis
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 not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: TEK's weekly volatility (7%) 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
95.0%
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
| TEK | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.3% | 2.1% | 2.6% |
| 30 Day | 9.9% | 4.2% | 4.4% |
| 90 Day | -1.3% | 4.6% | 3.6% |
| 1 Year | 96.1%95.0% | 38.8%34.5% | 41.3%37.1% |
| 3 Year | 60.0%59.2% | 53.7%36.0% | 36.2%19.8% |
| 5 Year | n/a | 117.9%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
No news available
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: CHIA
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 08:49 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.