DB:B7Z

Stock Analysis Report

Hiddn Solutions

Executive Summary

Hiddn Solutions ASA, through its subsidiaries, engages in the research, development, manufacture, commercialization, and sale of hardware-based encryption products to defense, military, and government authorities in Norway, the Middle East region, the Netherlands, and internationally.

Snowflake

Worrying balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: B7Z's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

7.3%

B7Z

5.2%

DE Tech

0.7%

DE Market


1 Year Return

-96.0%

B7Z

11.5%

DE Tech

9.9%

DE Market

Return vs Industry: B7Z underperformed the German Tech industry which returned 11.5% over the past year.

Return vs Market: B7Z underperformed the German Market which returned 9.9% over the past year.


Shareholder returns

B7ZIndustryMarket
7 Day7.3%5.2%0.7%
30 Day-13.3%11.7%5.9%
90 Day-42.6%10.7%12.0%
1 Year-96.0%-96.0%12.3%11.5%13.4%9.9%
3 Yearn/a131.6%126.8%25.8%14.7%
5 Yearn/a100.7%72.2%42.6%23.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Hiddn Solutions is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Hiddn Solutions has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of B7Z’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Hiddn Solutions regulatory filings.
  • Explore potentially undervalued companies in the Tech industry.

Future Growth

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

17.3%

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 Hiddn Solutions 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 Hiddn Solutions performed over the past 5 years?

-5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B7Z has large one-off items impacting its financial results.

Growing Profit Margin: B7Z's current net profit margins (-280.6%) are lower than last year (-169%).


Past Earnings Growth Analysis

Earnings Trend: B7Z is unprofitable, and losses have increased over the past 5 years at a rate of -5.5% per year.

Accelerating Growth: Unable to compare B7Z's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: B7Z is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (-14.9%).


Return on Equity

High ROE: B7Z's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Hiddn Solutions's financial position?


Financial Position Analysis

Short Term Liabilities: B7Z has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: B7Z has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: B7Z is debt free.

Reducing Debt: B7Z's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: B7Z has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if B7Z'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: B7Z has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: B7Z has less than a year of cash runway if free cash flow continues to reduce at historical rates of -5.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.6%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate B7Z's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate B7Z'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 B7Z's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if B7Z'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 B7Z'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 Hiddn Solutions's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Jørgen Waaler (62yo)

0.3yrs

Tenure

0

Mr. Jørgen Waaler has been Chief Executive Officer of Hiddn Solutions ASA since August 1, 2019. He was Senior Vice President for Partner sales at Hiddn Solutions ASA since November 8, 2018 until August 1,  ...


Management Age and Tenure

1.8yrs

Average Tenure

Experienced Management: B7Z's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

2.4yrs

Average Tenure

53yo

Average Age

Experienced Board: B7Z's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: B7Z insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Sellkr124,34309 Oct 19
Fara Holdco Limited
EntityCompany
Shares1,056,792
Max Pricekr0.12
Buykr20,51109 Oct 19
Øystein Tvenge
EntityIndividual
Role
Chairman of the Board
Chairman
Shares175,000
Max Pricekr0.12
Sellkr31,32707 Oct 19
Fara Holdco Limited
EntityCompany
Shares218,367
Max Pricekr0.14
Sellkr33,62604 Oct 19
Aabo-Evensen & Co Advokatfirma AS
EntityCompany
Shares219,763
Max Pricekr0.15
Buykr56,84318 Jul 19
Øystein Tvenge
EntityIndividual
Role
Chairman of the Board
Chairman
Shares547,300
Max Pricekr0.10
Buykr207,72218 Jul 19
Fara Holdco Limited
EntityCompany
Shares2,000,000
Max Pricekr0.10
Buykr114,24718 Jul 19
Intelco Concept As
EntityCompany
Shares1,100,000
Max Pricekr0.10

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26.5%.


Management Team

  • Erik Solhjell

    Managing Director of Hiddn Security AS

    • Tenure: 2.8yrs
  • Jørgen Waaler (62yo)

    Chief Executive Officer

    • Tenure: 0.3yrs
  • Atle Haga

    Chief Technology Officer

    • Tenure: 7.5yrs
    • Compensation: kr1.53m
  • Hans-Willy Flisnes

    Sales & Marketing Director

    • Tenure: 1.8yrs
    • Compensation: kr1.27m
  • Hege Anfindsen

    Chief Financial Officer

    • Tenure: 1.8yrs
    • Compensation: kr50.00k

Board Members

  • Jan Opsahl (70yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: kr250.00k
  • Carl Wollebekk (56yo)

    Director

    • Tenure: 0yrs
    • Compensation: kr3.77m
  • Siw Ødegaard (53yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: kr83.00k
  • Øystein Tvenge

    Chairman

    • Tenure: 2.8yrs
    • Compensation: kr500.00k
  • Kjell Grandhagen

    Member of Advisory Board

    • Tenure: 0yrs
  • Petter Gottschalk

    Member of Advisory Board

    • Tenure: 0yrs
  • Ola Tronrud

    Member of Advisory Board

    • Tenure: 0yrs
  • Jeanette Kvisvik (47yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: kr142.00k
  • Svein Willassen (45yo)

    Director & Member of Advisory Board

    • Tenure: 2.4yrs
    • Compensation: kr142.00k

Company Information

Hiddn Solutions ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hiddn Solutions ASA
  • Ticker: B7Z
  • Exchange: DB
  • Founded: 1998
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: kr18.650m
  • Listing Market Cap: kr1.848m
  • Shares outstanding: 16.08m
  • Website: https://www.hiddn.no

Number of Employees


Location

  • Hiddn Solutions ASA
  • Nedre Vollgate 4
  • Oslo
  • Oslo
  • 158
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIDDNOB (Oslo Bors)YesOrdinary Shares NONOKDec 2016
B7ZDB (Deutsche Boerse AG)YesOrdinary Shares DEEURDec 2016

Biography

Hiddn Solutions ASA, through its subsidiaries, engages in the research, development, manufacture, commercialization, and sale of hardware-based encryption products to defense, military, and government auth ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/11 21:45
End of Day Share Price2019/11/11 00:00
Earnings2019/06/30
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.