DB:6RI

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

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: 6RI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

10.8%

6RI

32.7%

DE Tech

-0.6%

DE Market


1 Year Return

-47.2%

6RI

57.3%

DE Tech

-20.9%

DE Market

Return vs Industry: 6RI underperformed the German Tech industry which returned 57.3% over the past year.

Return vs Market: 6RI underperformed the German Market which returned -20.9% over the past year.


Shareholder returns

6RIIndustryMarket
7 Day10.8%32.7%-0.6%
30 Day-35.4%8.9%-20.0%
90 Day-47.6%1.7%-26.3%
1 Year-47.1%-47.2%57.8%57.3%-18.6%-20.9%
3 Year-51.5%-51.6%76.4%74.0%-19.0%-25.8%
5 Yearn/a62.2%42.9%-21.1%-31.8%

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

No news available

Valuation

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

9.25x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 6RI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 6RI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 6RI is unprofitable, so we can't compare its PE Ratio to the Tech industry average.

PE vs Market: 6RI 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 6RI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 6RI is overvalued based on its PB Ratio (9.3x) compared to the XE Tech industry average (1.2x).


Next Steps

Future Growth

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

16.6%

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?

20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6RI is currently unprofitable.

Growing Profit Margin: 6RI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 6RI is unprofitable, but has reduced losses over the past 5 years at a rate of 20.7% per year.

Accelerating Growth: Unable to compare 6RI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 6RI is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (3%).


Return on Equity

High ROE: 6RI has a negative Return on Equity (-291.34%), as it is currently unprofitable.


Next Steps

Financial Health

How is Weebit Nano's financial position?


Financial Position Analysis

Short Term Liabilities: 6RI's short term assets (A$2.4M) exceed its short term liabilities (A$668.7K).

Long Term Liabilities: 6RI's short term assets (A$2.4M) exceed its long term liabilities (A$70.1K).


Debt to Equity History and Analysis

Debt Level: 6RI is debt free.

Reducing Debt: 6RI has not had any debt for past 5 years.


Balance Sheet

Inventory Level: 6RI has a low level of unsold assets or inventory.

Debt Coverage by Assets: 6RI's debt is covered by short term assets (assets are 8.7961137387663E+16x 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: 6RI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 6RI 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

Notable Dividend: Unable to evaluate 6RI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 6RI'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 6RI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 6RI'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 6RI'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?

2.5yrs

Average management tenure


CEO

Coby Hanoch

2.5s

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 ($USD716.14K) is above average for companies of similar size in the German market ($USD434.26K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jacob Hanoch
CEO, MD & Director2.5yrsAU$1.19m0.49% A$49.3k
Yoav Nissan-Cohen
Executive Director2.17yrsAU$232.23kno data
James Tour
Chief Scientific Advisorno datano data2.08% A$210.2k
Mark Licciardo
Joint Company Secretary3.17yrsno datano data
Priyamvada Rasal
Joint Company Secretary0.25yrno datano data

2.5yrs

Average Tenure

Experienced Management: 6RI's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jacob Hanoch
CEO, MD & Director2.5yrsAU$1.19m0.49% A$49.3k
Yoav Nissan-Cohen
Executive Director2.17yrsAU$232.23kno data
James Tour
Chief Scientific Advisorno datano data2.08% A$210.2k
Saiyed Raza
Non-Executive Director0.75yrno data0.18% A$18.5k
Frederick Bart
Non-Executive Director2.08yrsAU$82.87k0.55% A$55.7k
David Perlmutter
Non-Executive Chairman3.67yrsAU$240.27k2.01% A$202.8k
Ashley Krongold
Non-Executive Director3.58yrsAU$45.00k1.97% A$199.0k

2.3yrs

Average Tenure

65yo

Average Age

Experienced Board: 6RI's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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 6.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Weebit Nano Limited
  • Ticker: 6RI
  • Exchange: DB
  • Founded: 2014
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: AU$18.128m
  • Listing Market Cap: AU$10.097m
  • Shares outstanding: 72.51m
  • 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 Analysis2020/04/04 04:37
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
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.