DB:69M

Stock Analysis Report

Executive Summary

Irisity AB (publ) provides camera surveillance solutions in Sweden.


Snowflake Analysis

Excellent balance sheet with high growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 69M's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-11.6%

69M

-7.6%

DE Commercial Services

-5.7%

DE Market


1 Year Return

-29.7%

69M

-11.1%

DE Commercial Services

6.1%

DE Market

Return vs Industry: 69M underperformed the German Commercial Services industry which returned -11.1% over the past year.

Return vs Market: 69M underperformed the German Market which returned 6.1% over the past year.


Shareholder returns

69MIndustryMarket
7 Day-11.6%-7.6%-5.7%
30 Day26.3%-9.3%-5.7%
90 Day25.1%-5.5%-3.6%
1 Year-29.7%-29.7%-7.9%-11.1%9.3%6.1%
3 Year44.2%41.8%3.5%-5.5%8.9%-0.7%
5 Year134.1%119.5%-4.5%-17.9%13.6%-2.0%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

3.07x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 69M's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 69M's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 69M is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: 69M is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 69M's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 69M is good value based on its PB Ratio (3.1x) compared to the DE Commercial Services industry average (3.1x).


Next Steps

Future Growth

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

123.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 69M is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: 69M is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 69M's is expected to become profitable in the next 3 years.

Revenue vs Market: 69M's revenue (24.1% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: 69M's revenue (24.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 69M's Return on Equity is forecast to be low in 3 years time (2.7%).


Next Steps

Past Performance

How has Irisity performed over the past 5 years?

-13.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 69M is currently unprofitable.

Growing Profit Margin: 69M is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 69M is unprofitable, and losses have increased over the past 5 years at a rate of -13.6% per year.

Accelerating Growth: Unable to compare 69M's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 69M is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (10.8%).


Return on Equity

High ROE: 69M has a negative Return on Equity (-20.23%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Irisity's financial position?


Financial Position Analysis

Short Term Liabilities: 69M's short term assets (SEK48.1M) exceed its short term liabilities (SEK21.8M).

Long Term Liabilities: 69M's short term assets (SEK48.1M) exceed its long term liabilities (SEK3.2M).


Debt to Equity History and Analysis

Debt Level: 69M is debt free.

Reducing Debt: 69M currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

Inventory Level: 69M has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 69M'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: 69M has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 69M has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.8%industryaverage3.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 69M's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 69M'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 69M's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 69M'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 69M's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Marcus Bäcklund (57yo)

3.1yrs

Tenure

0

Mr. Marcus Bäcklund serves as Chief Executive Officer at Irisity AB (publ). Mr. Bäcklund serves as a Partner at Deseven Capital AB. Mr. Bäcklund serves as a Head of Investment at Chalmers Ventures. He serv ...


Leadership Team

NamePositionTenureCompensationOwnership
Marcus Bäcklund
Chief Executive Officer3.1yrsno data0.66% SEK167.8k
Erik Stenberg
Chief Financial Officer6.1yrsno data0.25% SEK63.7k
Gustav Nilsson
Chief Operating Officer1.1yrsno datano data
Erik Landolsi
Chief Technology Officer1.1yrsno datano data
Victor Hagelbäck
Chief Product Officer2.1yrsno data0.25% SEK64.1k

2.1yrs

Average Tenure

Experienced Management: 69M's management team is considered experienced (2.1 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 45.1%.


Top Shareholders

Company Information

Irisity AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Irisity AB (publ)
  • Ticker: 69M
  • Exchange: DB
  • Founded: 2006
  • Industry: Security and Alarm Services
  • Sector: Commercial Services
  • Market Cap: kr269.621m
  • Listing Market Cap: kr25.497m
  • Shares outstanding: 23.16m
  • Website: https://www.irisity.com

Number of Employees


Location

  • Irisity AB (publ)
  • Lindholmspiren 7
  • Gothenburg
  • Västra Götaland County
  • 417 56
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IRISOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKOct 2013
69MDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2013

Biography

Irisity AB (publ) provides camera surveillance solutions in Sweden. The company offers cameras linked to alarm center to guard various buildings, facilities, and schools. Its products include Construction Guard, School Guard, Area Guard, and night-time supervision systems, as well as intelligent parking solutions. In addition, it offers computer vision software consultancy services. The company was formerly known as Mindmancer AB (publ) and changed its name to Irisity AB (publ) in August 2017. Irisity AB (publ) was founded in 2006 and is based in Gothenburg, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 22:28
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.