ASX:WBT

Stock Analysis Report

Executive Summary

Weebit Nano Limited develops a non-volatile memory based on silicon oxide.

Snowflake

Fundamentals

Adequate balance sheet with poor track record.

Share Price & News

How has Weebit Nano's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WBT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.1%

WBT

-0.4%

AU Tech

0.3%

AU Market


1 Year Return

-49.0%

WBT

33.5%

AU Tech

18.1%

AU Market

Return vs Industry: WBT underperformed the Australian Tech industry which returned 33.5% over the past year.

Return vs Market: WBT underperformed the Australian Market which returned 18.1% over the past year.


Shareholder returns

WBTIndustryMarket
7 Day-7.1%-0.4%0.3%
30 Day1.3%7.2%0.8%
90 Day-3.7%19.8%3.3%
1 Year-48.9%-49.0%36.4%33.5%23.9%18.1%
3 Year-62.3%-62.4%93.3%77.5%37.1%18.4%
5 Yearn/a98.5%75.9%53.7%19.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Weebit Nano undervalued compared to its fair value and its price relative to the market?

15.67x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WBT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WBT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: WBT is unprofitable, so we can't compare its PE Ratio to the Tech industry average.

PE vs Market: WBT is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WBT is overvalued based on its PB Ratio (15.7x) compared to the XX Tech industry average (1.4x).


Next Steps

Future Growth

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

10.0%

Forecasted Tech 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 Weebit Nano 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.


Next Steps

Past Performance

How has Weebit Nano performed over the past 5 years?

19.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WBT has high quality earnings.

Growing Profit Margin: WBT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WBT is unprofitable, but has reduced losses over the past 5 years at a rate of 19.7% per year.

Accelerating Growth: Unable to compare WBT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WBT is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (2.3%).


Return on Equity

High ROE: WBT has a negative Return on Equity (-417.21%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Weebit Nano's financial position?


Financial Position Analysis

Short Term Liabilities: WBT's short term assets (A$1.9M) exceeds its short term liabilities (A$369.2K)

Long Term Liabilities: WBT has no long term liabilities


Debt to Equity History and Analysis

Debt Level: WBT is debt free.

Reducing Debt: WBT has not had any debt for past 5 years.


Balance Sheet

Inventory Level: WBT has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if WBT's debt is covered by short term assets.


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.

Stable Cash Runway: WBT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if WBT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Weebit Nano's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if WBT'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 WBT's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Coby Hanoch 0

2.1yrs

Tenure

AU$1,191,723

Compensation

Mr. Jacob Hanoch, also known as Coby, has been the Chief Executive Officer and Managing Director of Weebit Nano Limited since October 01, 2017. Mr. Hanoch has been Vice President of Worldwide Sales at Coda ...


CEO Compensation Analysis

Compensation vs Market: Coby's total compensation ($USD813.68K) is above average for companies of similar size in the Australian market ($USD256.04K).

Compensation vs Earnings: Coby's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.1yrs

Average Tenure

Experienced Management: WBT's management team is considered experienced (2.1 years average tenure).


Board Age and Tenure

1.9yrs

Average Tenure

65yo

Average Age

Experienced Board: WBT's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: WBT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$51,90002 Oct 19
Saiyed Raza
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares133,077
Max PriceAU$0.39
BuyAU$79,99902 Oct 19
David Perlmutter
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares205,126
Max PriceAU$0.39
BuyAU$14,99902 Oct 19
Nicohy Ltd
EntityCompany
Shares38,460
Max PriceAU$0.39
BuyAU$14,99902 Oct 19
Jacob Hanoch
EntityIndividual
Role
Chief Executive Officer
CEO, MD & Director
Shares38,460
Max PriceAU$0.39
BuyAU$65,00002 Oct 19
Frederick Bart
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares166,666
Max PriceAU$0.39
SellAU$271,86427 Mar 19
Ariel Malik
EntityIndividual
Shares672,932
Max PriceAU$0.40
BuyAU$49,99823 Dec 18
Frederick Bart
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares57,142.84
Max PriceAU$0.87
BuyAU$24,99923 Dec 18
Jacob Hanoch
EntityIndividual
Role
Chief Executive Officer
CEO, MD & Director
Shares28,571.44
Max PriceAU$0.87
SellAU$435,92604 Dec 18
Amiram Bornstein
EntityIndividual
Shares595,115.72
Max PriceAU$0.73

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.5%.


Management Team

  • Mark Licciardo (55yo)

    Joint Company Secretary

    • Tenure: 2.8yrs
  • Coby Hanoch

    CEO, MD & Director

    • Tenure: 2.1yrs
    • Compensation: AU$1.19m
  • James Tour

    Chief Scientific Advisor

    • Tenure: 0yrs
  • Yoav Nissan-Cohen

    Executive Director

    • Tenure: 1.8yrs
    • Compensation: AU$232.23k
  • Tamara Barr

    Joint Company Secretary

    • Tenure: 0.3yrs

Board Members

  • Syed Raza (70yo)

    Non-Executive Director

    • Tenure: 0.3yrs
  • Fred Bart (65yo)

    Non-Executive Director

    • Tenure: 1.7yrs
    • Compensation: AU$82.87k
  • Dadi Perlmutter (65yo)

    Non-Executive Chairman

    • Tenure: 3.3yrs
    • Compensation: AU$240.27k
  • Coby Hanoch

    CEO, MD & Director

    • Tenure: 2.1yrs
    • Compensation: AU$1.19m
  • James Tour

    Chief Scientific Advisor

    • Tenure: 0yrs
  • Ashley Krongold

    Non-Executive Director

    • Tenure: 3.2yrs
    • Compensation: AU$45.00k
  • Yoav Nissan-Cohen

    Executive Director

    • Tenure: 1.8yrs
    • Compensation: AU$232.23k

Company Information

Weebit Nano Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Weebit Nano Limited
  • Ticker: WBT
  • Exchange: ASX
  • Founded: 2014
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: AU$29.493m
  • Shares outstanding: 71.93m
  • Website: https://www.weebit-nano.com

Location

  • Weebit Nano Limited
  • 330 Collins Street
  • Level 7
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WBTASX (Australian Securities Exchange)YesNew Ordinary SharesAUAUDAug 2016
WBTCHIA (Chi-X Australia)YesNew Ordinary SharesAUAUDAug 2016
6RIDB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURAug 2016

Biography

Weebit Nano Limited develops a non-volatile memory based on silicon oxide. The company was founded in 2014 and is based in Melbourne, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 10:46
End of Day Share Price2019/11/19 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.