DB:24T

Stock Analysis Report

Executive Summary

Tobii AB (publ) develops and sells eye-tracking technology and solutions worldwide.

Snowflake

Mediocre balance sheet with concerning outlook.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 24T has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.3%

24T

-1.2%

DE Tech

-0.3%

DE Market


1 Year Return

18.3%

24T

20.2%

DE Tech

10.9%

DE Market

Return vs Industry: 24T underperformed the German Tech industry which returned 20.2% over the past year.

Return vs Market: 24T exceeded the German Market which returned 10.9% over the past year.


Shareholder returns

24TIndustryMarket
7 Day-5.3%-1.2%-0.3%
30 Day2.0%12.7%2.6%
90 Day-0.06%16.3%11.8%
1 Year18.3%18.3%21.1%20.2%14.4%10.9%
3 Year-51.9%-53.0%107.7%103.3%24.1%13.2%
5 Yearn/a95.5%67.7%33.0%14.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

5.05x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 24T's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 24T's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 24T is unprofitable, so we can't compare its PE Ratio to the Tech industry average.

PE vs Market: 24T 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 24T's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 24T is overvalued based on its PB Ratio (5x) compared to the XE Tech industry average (1.4x).


Next Steps

Future Growth

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

78.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 24T is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 24T is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 24T is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 24T's revenue (14% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: 24T's revenue (14% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 24T is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Tobii performed over the past 5 years?

-35.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 24T has high quality earnings.

Growing Profit Margin: 24T is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 24T is unprofitable, and losses have increased over the past 5 years at a rate of -35.7% per year.

Accelerating Growth: Unable to compare 24T's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 24T is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (-14.9%).


Return on Equity

High ROE: 24T has a negative Return on Equity (-21.5%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Tobii's financial position?


Financial Position Analysis

Short Term Liabilities: 24T's short term assets (SEK809.9M) exceeds its short term liabilities (SEK450.9M)

Long Term Liabilities: 24T's short term assets (SEK809.9M) exceeds its long term liabilities (484.6M)


Debt to Equity History and Analysis

Debt Level: 24T's debt to equity ratio (41.3%) is considered high.

Reducing Debt: 24T's debt to equity ratio has increased from 28% to 41.3% over the past 5 years.


Balance Sheet

Inventory Level: 24T has a low level of unsold assets or inventory.

Debt Coverage by Assets: 24T's debt is covered by short term assets (assets are 2.8x debt).


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: 24T has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 24T has sufficient cash runway for 2.412774 years if free cash flow continues to reduce at historical rates of -36.9% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 24T's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 24T'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 24T's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 24T'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 24T's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

8.3yrs

Average management tenure


CEO

Henrik Eskilsson (45yo)

18.8yrs

Tenure

kr3,800,000

Compensation

Mr. Henrik Eskilsson has been a Co-founder and Chief Executive Officer of Tobii AB (publ) since 2001 and serves as its President. Mr. Eskilsson serves as the Chief Executive Officer at Tobii Assistive Tech ...


CEO Compensation Analysis

Compensation vs Market: Henrik's total compensation ($USD394.69K) is below average for companies of similar size in the German market ($USD807.88K).

Compensation vs Earnings: Henrik's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.3yrs

Average Tenure

42.5yo

Average Age

Experienced Management: 24T's management team is seasoned and experienced (8.3 years average tenure).


Board Age and Tenure

3.5yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 24T's board of directors are considered experienced (3.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buykr38,06729 Dec 18
Kent Sander
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares14,500
Max Pricekr2.63
Buykr44,33606 Dec 18
Jan Wäreby
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares15,400
Max Pricekr2.88

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • John Elvesjö (42yo)

    Co-Founder

    • Tenure: 18.8yrs
    • Compensation: kr2.15m
  • Mårten Skogö (42yo)

    Co-Founder & Director

    • Tenure: 0.5yrs
  • Ola Elmeland (58yo)

    Investor Relations Manager

    • Tenure: 0yrs
  • Henrik Eskilsson (45yo)

    Co-Founder

    • Tenure: 18.8yrs
    • Compensation: kr3.80m
  • Tom Englund (43yo)

    President of Tobii Pro Business Unit

    • Tenure: 10.8yrs
  • Fredrik Ruben (42yo)

    President of Tobii Dynavox Business Unit

    • Tenure: 5.8yrs
  • Johan Wilsby (53yo)

    Chief Financial Officer

    • Tenure: 2.3yrs
  • Trent Smith

    Chief IP Officer

    • Tenure: 0yrs
  • Cecilia Eriksson (36yo)

    Global HR Director

    • Tenure: 4.8yrs
  • Anand Srivatsa

    CEO of Tobii Tech Division

    • Tenure: 0.3yrs

Board Members

  • Jörgen Lantto (56yo)

    Director

    • Tenure: 0.5yrs
  • Kent Sander (66yo)

    Chairman of the Board

    • Tenure: 4.8yrs
    • Compensation: kr700.00k
  • Mårten Skogö (42yo)

    Co-Founder & Director

    • Tenure: 0.5yrs
  • Jan Wäreby (63yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: kr300.00k
  • Nils Bernhard (72yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: kr200.00k
  • Åsa Hedin (57yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: kr400.00k
  • Charlotta Falvin (53yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: kr200.00k
  • Heli Arantola (50yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: kr200.00k

Company Information

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


Key Information

  • Name: Tobii AB (publ)
  • Ticker: 24T
  • Exchange: DB
  • Founded: 2001
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: kr3.587b
  • Listing Market Cap: kr337.845m
  • Shares outstanding: 98.93m
  • Website: https://www.tobii.com

Number of Employees


Location

  • Tobii AB (publ)
  • Karlsrovägen 2D
  • Danderyd
  • Stockholm County
  • 182 53
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TOBIIOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKApr 2015
24TDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2015
TOBIIsBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKApr 2015
0R6WLSE (London Stock Exchange)YesCommon SharesGBSEKApr 2015
TBII.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2015

Biography

Tobii AB (publ) develops and sells eye-tracking technology and solutions worldwide. It operates through three segments: Tobii Dynavox, Tobii Pro, and Tobii Tech. The Tobii Dynavox segment offers augmentati ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 22:08
End of Day Share Price2019/11/22 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.