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Thorney Technologies

ASX:TEK
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TEK
ASX
A$62M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Thorney Technologies Ltd invests in technology related companies. The last earnings update was 59 days ago. More info.


Add to Portfolio Compare Print
TEK Share Price and Events
7 Day Returns
-2.1%
ASX:TEK
2.7%
AU Oil and Gas
1.8%
AU Market
1 Year Returns
2.2%
ASX:TEK
4.3%
AU Oil and Gas
6%
AU Market
TEK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thorney Technologies (TEK) -2.1% 4.4% 6.8% 2.2% - -99.5%
AU Oil and Gas 2.7% 4.8% 6.7% 4.3% 34.1% -30.2%
AU Market 1.8% 3.9% 7.8% 6% 20.5% 8.4%
1 Year Return vs Industry and Market
  • TEK underperformed the Oil and Gas industry which returned 4.3% over the past year.
  • TEK underperformed the Market in Australia which returned 6% over the past year.
Price Volatility
TEK
Industry
5yr Volatility vs Market

TEK Value

 Is Thorney Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Thorney Technologies. This is due to cash flow or dividend data being unavailable. The share price is A$0.235.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Thorney Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thorney Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:TEK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.02
ASX:TEK Share Price ** ASX (2019-04-26) in AUD A$0.24
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 8.09x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Thorney Technologies.

ASX:TEK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:TEK Share Price ÷ EPS (both in AUD)

= 0.24 ÷ -0.02

-11.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thorney Technologies is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Thorney Technologies is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Thorney Technologies's expected growth come at a high price?
Raw Data
ASX:TEK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
49%per year
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.24x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Thorney Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thorney Technologies's assets?
Raw Data
ASX:TEK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.25
ASX:TEK Share Price * ASX (2019-04-26) in AUD A$0.24
Australia Oil and Gas Industry PB Ratio Median Figure of 145 Publicly-Listed Oil and Gas Companies 1.28x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.67x
ASX:TEK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:TEK Share Price ÷ Book Value per Share (both in AUD)

= 0.24 ÷ 0.25

0.94x

* Primary Listing of Thorney Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thorney Technologies is good value based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Thorney Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Thorney Technologies has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TEK Future Performance

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

  • No analysts cover Thorney Technologies, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
49%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thorney Technologies expected to grow at an attractive rate?
  • Thorney Technologies's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Thorney Technologies's earnings growth is expected to exceed the Australia market average.
  • Unable to compare Thorney Technologies's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:TEK Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:TEK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 49%
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:TEK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:TEK Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 -4 -11 -5
2018-09-30 3 -11 0
2018-06-30 10 -11 6
2017-12-31 19 -19 14
2017-09-30 12 -15 9
2017-06-30 5 -11 3
2016-12-31 0 -1 0
2016-09-30 0 -1 0
2016-06-30 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Thorney Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Thorney Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:TEK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Thorney Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:TEK Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.02
2018-09-30 0.00
2018-06-30 0.02
2017-12-31 0.07
2017-09-30 0.06
2017-06-30 0.04
2016-12-31 -1.10
2016-09-30 -0.55
2016-06-30 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Thorney Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Thorney Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Thorney Technologies has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TEK Past Performance

  How has Thorney Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Thorney Technologies's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Thorney Technologies does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Thorney Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Thorney Technologies's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Thorney Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Thorney Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:TEK Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -3.71 -5.08 1.56
2018-09-30 2.91 0.24 2.85
2018-06-30 9.52 5.56 4.15
2017-12-31 19.38 14.39 4.99
2017-09-30 12.31 8.79 3.52
2017-06-30 5.25 3.19 2.04
2016-12-31 0.00 -0.46 0.44
2016-09-30 0.00 -0.23 0.22
2016-06-30 0.00 0.00
2015-12-31 0.00 0.00
2015-09-30 0.00 0.00
2015-06-30 0.00 0.00
2015-03-31 27.41 -1.56 1.92
2014-12-31 30.47 -3.27 2.33
2014-09-30 50.85 -4.40 3.67
2014-06-30 71.23 -5.53 5.02
2014-03-31 70.66 -3.50 5.77
2013-12-31 70.09 -1.46 6.52
2013-09-30 64.34 0.42 6.39
2013-06-30 58.59 2.30 6.26
2013-03-31 56.63 0.65 5.86
2012-12-31 54.68 -1.01 5.45
2012-09-30 46.92 -4.12 5.67
2012-06-30 39.17 -7.24 5.88

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Thorney Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Thorney Technologies has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Thorney Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Thorney Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Thorney Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TEK Health

 How is Thorney Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Thorney Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thorney Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thorney Technologies has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thorney Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Thorney Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Thorney Technologies Company Filings, last reported 3 months ago.

ASX:TEK Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 64.31 0.00 45.21
2018-09-30 64.31 0.00 45.21
2018-06-30 64.25 0.00 57.80
2017-12-31 69.42 0.00 67.79
2017-09-30 69.42 0.00 67.79
2017-06-30 43.95 0.00 43.01
2016-12-31 -0.96 0.97 0.03
2016-09-30 -0.96 0.97 0.03
2016-06-30 -0.59 0.59 0.00
2015-12-31 3.71 12.85 1.40
2015-09-30 3.71 12.85 1.40
2015-06-30 19.87 13.92 1.74
2015-03-31 19.87 14.51 1.74
2014-12-31 19.74 13.92 2.09
2014-09-30 19.74 13.92 2.09
2014-06-30 19.40 14.60 0.95
2014-03-31 19.40 14.60 0.95
2013-12-31 22.55 16.28 1.67
2013-09-30 22.55 16.28 1.67
2013-06-30 24.69 18.94 2.06
2013-03-31 24.69 18.94 2.06
2012-12-31 10.98 20.80 1.55
2012-09-30 10.98 20.80 1.55
2012-06-30 9.39 19.87 1.98
  • Thorney Technologies has no debt.
  • Thorney Technologies has no debt compared to 5 years ago when it was 72.2%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if Thorney Technologies has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Thorney Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Thorney Technologies has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TEK Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Thorney Technologies dividends.
If you bought A$2,000 of Thorney Technologies shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Thorney Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Thorney Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:TEK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Thorney Technologies has not reported any payouts.
  • Unable to verify if Thorney Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Thorney Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Thorney Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Thorney Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Thorney Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thorney Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TEK Management

 What is the CEO of Thorney Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Thorney Technologies has no CEO, or we have no data on them.
Management Team

Craig Smith

TITLE
Secretary
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure of the Thorney Technologies board of directors in years:

2.6
Average Tenure
  • The average tenure for the Thorney Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alex Waislitz

TITLE
Non-Executive Chairman
TENURE
2.3 yrs

Alan Fisher

TITLE
Non-Executive & Independent Director
COMPENSATION
A$55K
AGE
64
TENURE
4.7 yrs

Martin Casey

TITLE
Non-Executive Director
COMPENSATION
A$55K
TENURE
2.8 yrs

Jeremy Leibler

TITLE
Non-Executive Director
COMPENSATION
A$55K
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Thorney Technologies insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
15. Apr 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 12. Apr 19 12. Apr 19 105,000 A$0.24 A$25,200
08. Apr 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 05. Apr 19 05. Apr 19 110,000 A$0.24 A$25,850
04. Apr 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 03. Apr 19 03. Apr 19 110,000 A$0.23 A$25,300
26. Mar 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 25. Mar 19 26. Mar 19 37,000 A$0.23 A$8,325
25. Mar 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 22. Mar 19 22. Mar 19 53,966 A$0.23 A$12,142
21. Mar 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 21. Mar 19 21. Mar 19 110,000 A$0.22 A$24,750
20. Mar 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 20. Mar 19 20. Mar 19 110,000 A$0.23 A$25,300
19. Mar 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 18. Mar 19 18. Mar 19 96,457 A$0.23 A$22,185
18. Mar 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 15. Mar 19 15. Mar 19 13,543 A$0.23 A$3,047
15. Mar 19 Buy Jeremy Leibler Individual 15. Mar 19 15. Mar 19 110,000 A$0.23 A$24,750
14. Mar 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 14. Mar 19 14. Mar 19 110,000 A$0.23 A$24,750
12. Mar 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 08. Mar 19 08. Mar 19 108,000 A$0.23 A$24,840
27. Feb 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 26. Feb 19 26. Feb 19 225,000 A$0.23 A$50,625
21. Feb 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 20. Feb 19 20. Feb 19 4,293 A$0.22 A$944
19. Feb 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 19. Feb 19 19. Feb 19 108,207 A$0.22 A$23,805
18. Feb 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 18. Feb 19 18. Feb 19 225,000 A$0.22 A$49,500
14. Feb 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 14. Feb 19 14. Feb 19 225,000 A$0.22 A$49,500
13. Feb 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 13. Feb 19 13. Feb 19 90,000 A$0.22 A$19,800
11. Dec 18 Buy Thorney Investment Group Australia Pty. Ltd. Company 11. Dec 18 11. Dec 18 500,000 A$0.19 A$96,250
22. Nov 18 Buy Thorney Investment Group Australia Pty. Ltd. Company 21. Nov 18 21. Nov 18 240,000 A$0.21 A$50,400
10. Oct 18 Buy Thorney Investment Group Australia Pty. Ltd. Company 09. Oct 18 09. Oct 18 75,687 A$0.24 A$18,165
01. Oct 18 Buy Thorney Investment Group Australia Pty. Ltd. Company 01. Oct 18 01. Oct 18 20,000 A$0.24 A$4,800
25. Sep 18 Buy Thorney Investment Group Australia Pty. Ltd. Company 24. Sep 18 24. Sep 18 225,000 A$0.24 A$54,000
X
Management checks
We assess Thorney Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Thorney Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TEK News

Simply Wall St News

What Kind Of Shareholder Owns Most Thorney Technologies Ltd (ASX:TEK) Stock?

If you want to know who really controls Thorney Technologies Ltd (ASX:TEK), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Thorney Technologies is not a large company by global standards.

Simply Wall St -

What Thorney Technologies Ltd's (ASX:TEK) ROE Can Tell Us

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Thorney Technologies Ltd (ASX:TEK). … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.087 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Can We Make Of Thorney Technologies Ltd’s (ASX:TEK) High Return On Capital?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

How Many Insiders Bought Thorney Technologies Ltd (ASX:TEK) Shares?

So before you buy or sell Thorney Technologies Ltd (ASX:TEK), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Thorney Technologies Insider Transactions Over The Last Year.

Simply Wall St -

What Type Of Shareholder Owns Thorney Technologies Ltd's (ASX:TEK)?

A look at the shareholders of Thorney Technologies Ltd (ASX:TEK) can tell us which group is most powerful. … Thorney Technologies is not a large company by global standards. … View our latest analysis for Thorney Technologies

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Thorney Technologies Ltd (ASX:TEK): The Best Of Both Worlds

Thorney Technologies Ltd (ASX:TEK) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … Below, I've touched on some key aspects you should know on a high level

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What Investors Should Know About Thorney Technologies Ltd's (ASX:TEK) Financial Strength

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is TEK growing fast enough to value financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

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Who Are Thorney Technologies Ltd's (ASX:TEK) Major Shareholders?

In this article, I will take a quick look at Thorney Technologies Ltd’s (ASX:TEK) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … ASX:TEK Ownership Summary August 2nd 18

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Should You Expect Thorney Technologies Ltd (ASX:TEK) To Continue Delivering An ROE Of 20.72%?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Thorney Technologies’s equity capital deployed. … Given a positive discrepancy of 11.33% between return and cost, this indicates that Thorney Technologies pays less for its capital than what it generates in return, which is a sign of capital efficiency. … Currently, Thorney Technologies has no debt which means its returns are driven purely by equity capital.

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April Best Undervalued Stocks

Stocks recently deemed undervalued include Thorney Technologies and Integrated Media Technology, as they trade at a market price below their true valuations. … ASX:TEK PE PEG Gauge Apr 27th 18 Integrated Media Technology Limited (ASX:ITL) Integrated Media Technology Limited engages in the acquisition, development, and commercialization of autostereoscopic 3D display technology products and services in Australia, Hong Kong, and China. … Furthermore, ITL’s PE ratio stands at 6.63x against its its Media peer level of, 16.29x meaning that relative to its comparable company group, ITL’s shares can be purchased for a lower price.

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TEK Company Info

Description

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.

Details
Name: Thorney Technologies Ltd
TEK
Exchange: ASX
Founded: 2005
A$61,748,453
257,285,224
Website: http://www.thorneytechnologies.com.au
Address: Thorney Technologies Ltd
55 Collins Street,
Level 39,
Melbourne,
Victoria, 3000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX TEK Ordinary Shares Australian Securities Exchange AU AUD 10. May 2005
DB TTG Ordinary Shares Deutsche Boerse AG DE EUR 10. May 2005
ASX TEK NPV Australian Securities Exchange AU AUD 26. Apr 2019
Number of employees
Current staff
Staff numbers
0
Thorney Technologies employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/26 10:32
End of day share price update: 2019/04/26 00:00
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.