DB:AVH

Stock Analysis Report

Akoustis Technologies

Executive Summary

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States.


Snowflake Analysis

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-16.8%

AVH

-8.8%

DE Electronic

-9.1%

DE Market


1 Year Return

8.6%

AVH

-5.2%

DE Electronic

2.9%

DE Market

Return vs Industry: AVH exceeded the German Electronic industry which returned -5.2% over the past year.

Return vs Market: AVH exceeded the German Market which returned 2.9% over the past year.


Shareholder returns

AVHIndustryMarket
7 Day-16.8%-8.8%-9.1%
30 Day-16.2%2.0%-7.2%
90 Day-9.5%-0.5%-6.5%
1 Year8.6%8.6%-3.2%-5.2%6.1%2.9%
3 Yearn/a31.2%27.0%3.5%-5.6%
5 Yearn/a94.3%80.2%8.0%-6.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

5.95x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: AVH is overvalued based on its PB Ratio (5.7x) compared to the DE Electronic industry average (1.7x).


Next Steps

Future Growth

How is Akoustis Technologies forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

28.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: AVH's revenue (77.1% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: AVH's revenue (77.1% 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 AVH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Akoustis Technologies performed over the past 5 years?

-51.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVH is currently unprofitable.

Growing Profit Margin: AVH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AVH is unprofitable, and losses have increased over the past 5 years at a rate of -51% per year.

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

Earnings vs Industry: AVH is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).


Return on Equity

High ROE: AVH has a negative Return on Equity (-75.77%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Akoustis Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: AVH's short term assets ($48.3M) exceed its short term liabilities ($4.1M).

Long Term Liabilities: AVH's short term assets ($48.3M) exceed its long term liabilities ($21.0M).


Debt to Equity History and Analysis

Debt Level: AVH's debt to equity ratio (46.1%) is considered high.

Reducing Debt: Insufficient data to determine if AVH's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: AVH has a high level of physical assets or inventory.

Debt Coverage by Assets: AVH's debt is covered by short term assets (assets are 2.4x 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: AVH has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: AVH has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of -52.1% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.9%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if AVH'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 AVH'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?

1.4yrs

Average management tenure


CEO

Jeff Shealy (50yo)

4.8yrs

Tenure

US$658,709

Compensation

Mr. Jeffrey B. Shealy, also known as Jeff, is a Founder, President, Chief Executive Officer and Director at Akoustis Technologies, Inc. Mr. Shealy serves as the Chief Executive Officer and President of Rog ...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD658.71K) is about average for companies of similar size in the German market ($USD633.30K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Shealy
Founder4.8yrsUS$658.71k8.8% $20.0m
David Aichele
Executive Vice President of Business Development0.08yrsUS$580.53k0.49% $1.1m
Rohan Houlden
Chief Product Officer1.3yrsUS$580.63k0.63% $1.4m
Kenneth Boller
Interim Chief Financial Officer1.3yrsno data0.18% $397.8k
Thomas Sepenzis
Vice President of Corporate Development & Director of Investor Relations2yrsno datano data
Andrew Wright
General Counsel & Corporate Secretary1.6yrsno datano data
Lora Shealy
Secretary0yrsno datano data

1.4yrs

Average Tenure

50yo

Average Age

Experienced Management: AVH's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Shealy
Founder4.8yrsUS$658.71k8.8% $20.0m
Jerry Neal
Co-Chairman of the Board3.8yrsUS$132.31k1.79% $4.1m
Suzanne Rudy
Independent Director2.6yrsUS$111.35k0.21% $477.6k
Arthur Geiss
Co-Chairman of the Board3.8yrsUS$174.68k0.27% $622.6k
Steven DenBaars
Independent Director4.8yrsUS$95.48k0.75% $1.7m
Jeffrey McMahon
Independent Director4.8yrsUS$104.53k1.53% $3.5m
James Shealy
Chair of Scientific Advisor Board0yrsno data0.95% $2.2m

4.3yrs

Average Tenure

60yo

Average Age

Experienced Board: AVH's board of directors are considered experienced (4.3 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 28.8%.


Top Shareholders

Company Information

Akoustis Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Akoustis Technologies, Inc.
  • Ticker: AVH
  • Exchange: DB
  • Founded: 2014
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$249.865m
  • Listing Market Cap: US$227.203m
  • Shares outstanding: 36.21m
  • Website: https://www.akoustis.com

Number of Employees


Location

  • Akoustis Technologies, Inc.
  • 9805 Northcross Center Court
  • Suite A
  • Huntersville
  • North Carolina
  • 28078
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AKTSNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 2015
AVHDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2015

Biography

Akoustis Technologies, Inc., through its subsidiary, Akoustis, Inc., develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industry in the United States. The company operates in two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and semiconductor wafer-manufacturing and microelectromechanical systems foundry services. The RF Filters segment consists of amplifier and filter products. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, Wi-Fi premise equipment, and defense applications. The company was founded in 2014 and is headquartered in Huntersville, North Carolina. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 22:30
End of Day Share Price2020/02/28 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.