DB:24T

Stock Analysis Report

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Executive Summary

Tobii AB (publ) develops and sells eye-tracking technology and solutions in Sweden, rest of Europe, the United States, Asia/Oceania, and internationally. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.5%

24T

10.3%

DE Tech

-1.8%

DE Market


1 Year Return

70.1%

24T

66.4%

DE Tech

1.7%

DE Market

Return vs Industry: 24T exceeded the German Tech industry which returned 51.9% over the past year.

Return vs Market: 24T exceeded the German Market which returned 2.6% over the past year.


Shareholder returns

24TIndustryMarket
7 Day-6.5%10.3%-1.8%
30 Day4.8%23.6%-1.6%
90 Day54.1%22.8%-1.8%
1 Year70.1%70.1%68.4%66.4%4.9%1.7%
3 Year28.9%28.9%68.1%60.6%2.0%-6.9%
5 Year-18.0%-20.0%180.4%157.4%24.2%6.5%

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?

9.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: 24T (€5.5) is trading above our estimate of fair value (€0.89)

Significantly Below Fair Value: 24T is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 24T is unprofitable, so we can't compare its PE Ratio to the XE 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 (9.9x) compared to the XE Tech industry average (2x).


Next Steps

Future Growth

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

99.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 24T is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: 24T is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 24T's is expected to become profitable in the next 3 years.

Revenue vs Market: 24T's revenue (10.9% per year) is forecast to grow faster than the German market (6.1% per year).

High Growth Revenue: 24T's revenue (10.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 24T's Return on Equity is forecast to be low in 3 years time (4.6%).


Next Steps

Past Performance

How has Tobii performed over the past 5 years?

-27.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 24T is currently unprofitable.

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 27.1% 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 (-8.1%).


Return on Equity

High ROE: 24T has a negative Return on Equity (-27%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tobii's financial position?


Financial Position Analysis

Short Term Liabilities: 24T's short term assets (SEK821.5M) exceed its short term liabilities (SEK451.9M).

Long Term Liabilities: 24T's short term assets (SEK821.5M) exceed its long term liabilities (SEK632.3M).


Debt to Equity History and Analysis

Debt Level: 24T's debt to equity ratio (79.6%) is considered high.

Reducing Debt: Insufficient data to determine if 24T's debt to equity ratio has reduced over the 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: 24T has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 24T has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate 24T'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 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

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

5.8yrs

Average management tenure


CEO

Henrik Eskilsson (46 yo)

19.75yrs

Tenure

kr4,300,000

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 ($USD491.17K) is below average for companies of similar size in the German market ($USD1.29M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Henrik Eskilsson
Co-Founder19.75yrskr4.30m4.57%
SEK 25.5m
Mårten Skogö
Co-Founder & Director1.42yrskr200.00k2.44%
SEK 13.6m
John Elvesjö
Co-Founder19.75yrskr100.00k2.9%
SEK 16.2m
Tom Englund
Division Chief Executive Officer of Tobii Pro & Tobii Groupno datakr3.40m0.055%
SEK 304.2k
Linda Tybring
Interim Chief Financial Officer1.83yrsno datano data
Henrik Mawby
Head of Investor Relations0.42yrno datano data
Cecilia Eriksson
Global HR Director5.75yrsno datano data
Fredrik Ruben
Division Chief Executive Officer of Tobii Dynavoxno datano data0.067%
SEK 371.1k
Trent Smith
Chief IP Officerno datano datano data
Anand Srivatsa
Chief Executive Officer of Tobii Tech Division1.25yrsno datano data
Caroline Sundström
Head of Quality & Environmentno datano datano data
Catharina Hökfelt
Head of Strategic Sourcingno datano datano data

5.8yrs

Average Tenure

43yo

Average Age

Experienced Management: 24T's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mårten Skogö
Co-Founder & Director1.42yrskr200.00k2.44%
SEK 13.6m
Jörgen Lantto
Independent Director1.42yrskr200.00k0.045%
SEK 252.9k
Kent Sander
Independent Chairman of the Board5.67yrskr600.00k0.20%
SEK 1.1m
Jan Wäreby
Independent Director4.42yrskr200.00k0.031%
SEK 173.1k
Nils Bernhard
Independent Director16.75yrskr300.00k1.19%
SEK 6.6m
Asa Hedin
Independent Director5.75yrskr300.00k0.036%
SEK 200.2k
Charlotta Falvin
Independent Director2.42yrskr300.00kno data
Heli Arantola
Independent Director4.42yrskr200.00kno data

4.4yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 24T's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 24T insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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: kr5.766b
  • Listing Market Cap: kr556.751m
  • Shares outstanding: 99.06m
  • Website: https://www.tobii.com

Number of Employees


Location

  • Tobii AB (publ)
  • KarlsrovAegen 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 in Sweden, rest of Europe, the United States, Asia/Oceania, and internationally. It operates through three segments: Tobii Dynavox, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 21:53
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
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.