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WBT

Weebit Nano ASX:WBT Stock Report

Last Price

AU$2.76

Market Cap

AU$470.4m

7D

-4.2%

1Y

0.7%

Updated

18 Aug, 2022

Data

Company Financials +
WBT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

WBT Stock Overview

Weebit Nano Limited develops a non-volatile memory using a Resistive RAM (ReRAM) technology based on fabrication factory materials.

Weebit Nano Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Weebit Nano
Historical stock prices
Current Share PriceAU$2.76
52 Week HighAU$4.50
52 Week LowAU$1.92
Beta2.09
1 Month Change6.15%
3 Month Change4.55%
1 Year Change0.73%
3 Year Change573.17%
5 Year Change481.05%
Change since IPO176.00%

Recent News & Updates

Jul 22
Companies Like Weebit Nano (ASX:WBT) Are In A Position To Invest In Growth

Companies Like Weebit Nano (ASX:WBT) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Shareholder Returns

WBTAU TechAU Market
7D-4.2%2.7%0.7%
1Y0.7%9.9%-4.8%

Return vs Industry: WBT matched the Australian Tech industry which returned 9.9% over the past year.

Return vs Market: WBT exceeded the Australian Market which returned -4.8% over the past year.

Price Volatility

Is WBT's price volatile compared to industry and market?
WBT volatility
WBT Average Weekly Movement9.8%
Tech Industry Average Movement5.5%
Market Average Movement10.6%
10% most volatile stocks in AU Market17.8%
10% least volatile stocks in AU Market4.6%

Stable Share Price: WBT is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: WBT's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015n/aCoby Hanochhttps://www.weebit-nano.com

Weebit Nano Limited develops a non-volatile memory using a Resistive RAM (ReRAM) technology based on fabrication factory materials. The company has a strategic development partnership with CEA-Leti to enhance the ReRAM technology and support its commercialization efforts. Weebit Nano Limited was incorporated in 2015 and is based in Melbourne, Australia.

Weebit Nano Fundamentals Summary

How do Weebit Nano's earnings and revenue compare to its market cap?
WBT fundamental statistics
Market CapAU$470.39m
Earnings (TTM)-AU$25.35m
Revenue (TTM)n/a

0.0x

P/S Ratio

-18.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WBT income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
Other ExpensesAU$25.35m
Earnings-AU$25.35m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.15
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did WBT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is WBT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WBT?

Other financial metrics that can be useful for relative valuation.

WBT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-16.7x
PEG Ration/a

Price to Book Ratio vs Peers

How does WBT's PB Ratio compare to its peers?

WBT PB Ratio vs Peers
The above table shows the PB ratio for WBT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average3.6x
BDT BirdDog Technology
0.8xn/aAU$38.9m
NUH Nuheara
3.9xn/aAU$34.0m
ZMM Zimi
0.6xn/aAU$5.4m
AD8 Audinate Group
9.2x101.9%AU$707.7m
WBT Weebit Nano
10.5xn/aAU$475.6m

Price-To-Book vs Peers: WBT is expensive based on its Price-To-Book Ratio (10.5x) compared to the peer average (3.6x).


Price to Earnings Ratio vs Industry

How does WBT's PE Ratio compare vs other companies in the Global Tech Industry?

Price-To-Book vs Industry: WBT is expensive based on its Price-To-Book Ratio (10.5x) compared to the Global Tech industry average (1.5x)


Price to Book Ratio vs Fair Ratio

What is WBT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WBT PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio10.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate WBT's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of WBT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate WBT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate WBT's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


59.1%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if WBT's forecast earnings growth is above the savings rate (1.8%).

Earnings vs Market: Insufficient data to determine if WBT's earnings are forecast to grow faster than the Australian market

High Growth Earnings: Insufficient data to determine if WBT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WBT's revenue (59.1% per year) is forecast to grow faster than the Australian market (6.2% per year).

High Growth Revenue: WBT's revenue (59.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if WBT's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Weebit Nano performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WBT is currently unprofitable.

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 4.9% 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 (19.3%).


Return on Equity

High ROE: WBT has a negative Return on Equity (-55.93%), as it is currently unprofitable.


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Financial Health

How is Weebit Nano's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: WBT's short term assets (A$50.0M) exceed its short term liabilities (A$5.0M).

Long Term Liabilities: WBT's short term assets (A$50.0M) exceed its long term liabilities (A$310.7K).


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


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 sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: WBT has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 28.8% each year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate WBT'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 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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as WBT has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Coby Hanoch

4.83yrs

Tenure

AU$1,680,522

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Coby's total compensation ($USD1.16M) is above average for companies of similar size in the Australian market ($USD811.04K).

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


Leadership Team

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


Board Members

Experienced Board: WBT's board of directors are considered experienced (4.7 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 39.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Weebit Nano Limited
  • Ticker: WBT
  • Exchange: ASX
  • Founded: 2015
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Implied Market Cap: AU$470.390m
  • Shares outstanding: 172.30m
  • Website: https://www.weebit-nano.com

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/18 00:00
End of Day Share Price2022/08/18 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


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.