Fingerprint Cards AB (publ) develops, produces, and markets biometric systems and technologies that facilitate the convenience and integrity of the individual.
The last earnings update was 69 days ago.
Discounted Cash Flow Calculation for DB:FPQ1 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
DB:FPQ1 DCF 1st Stage: Next 10 year cash flow forecast
The current share price of
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Fingerprint Cards's earnings available for a low price, and how does
this compare to other companies in the same industry?
Fingerprint Cards's earnings are expected to grow significantly at over 20% yearly.
Fingerprint Cards's revenue is expected to grow by 14.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Fingerprint Cards's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Fingerprint Cards's finances.
The net worth of a company is the difference between its assets and liabilities.
Fingerprint Cards is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Fingerprint Cards's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Fingerprint Cards's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Fingerprint Cards has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Christian Fredrikson, M.Sc. (Engineering), has been Chief Executive Officer and President of Fingerprint Cards AB (publ) since August 1, 2016. Mr. Fredrikson has 20 years of experience in Telecommunications industry. He served as the Chief Executive Officer and President of F-Secure Oyj from January 16, 2012 to August 1, 2016 and served as its Managing Director until August 1, 2016. He was responsible for global sales for Network Systems business unit of Nokia Siemens Networks. He joined Nokia in 1994 and has held several executive level positions in it in various locations. He served as Head of Operations and Business Software at Nokia Solutions and Networks Oy (Alternate name: Nokia Siemens Networks Oy) since October 2007 and also served as its Head of Operations-Asia-Pacific region. He served as several leading positions within F-Secure, Nokia Networks, a holding company of Nokia Solutions and Networks Oy. He has been Director of Stena AB (publ) since August 1, 2017. He serves as a director on the board of Remedy Entertainment Ltd. He is a member of the foundation for Åbo Akademi University. He holds a Master of Science degree in Engineering from Åbo Akademi University in Turku, Finland.
Christian's compensation has increased whilst company is loss making.
Christian's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the
management team in years:
The tenure for the Fingerprint Cards management team is about average.
CEO & President
Chief Financial Officer
Chief Technology Officer
Head of Investor Relations
Senior Vice President of Business Line Smartcards
Senior Vice President of Business Line Mobile
Senior Vice President of Corporate Strategy & Portfolio Management
Senior Vice President of Research & Development
Vice President of Product Management
Senior Advisor & Member of Advisory Board
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Fingerprint Cards board of directors is less than 3 years, this suggests a new board.
Fingerprint Cards AB (publ) develops, produces, and markets biometric systems and technologies that facilitate the convenience and integrity of the individual. Its biometric systems include sensors, algorithms, software, and packaging technologies. The company offers biometric solutions for smartphones and tablets; smart cards; PCs and peripherals; and online devices, the automotive industry, and the access and time reporting industry, as well as the healthcare sector. It also offers various development tools for software development and production. The company sells its products through distributors and resellers. It serves in Sweden, Asia, South and North America, Europe, the Middle East, and Africa. Fingerprint Cards AB (publ) was founded in 1997 and is headquartered in Gothenburg, Sweden.
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