Napatech A/S provides reconfigurable computing solutions for network performance and cybersecurity applications worldwide.
Adequate balance sheet with reasonable growth potential.
Share Price & News
How has Napatech's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NAT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NAT exceeded the German Communications industry which returned -10.5% over the past year.
Return vs Market: NAT exceeded the German Market which returned 8.3% over the past year.
Price Volatility Vs. Market
How volatile is Napatech's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Napatech undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NAT (€0.41) is trading below our estimate of fair value (€1.93)
Significantly Below Fair Value: NAT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NAT is unprofitable, so we can't compare its PE Ratio to the Communications industry average.
PE vs Market: NAT 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 NAT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NAT is overvalued based on its PB Ratio (2.8x) compared to the DE Communications industry average (2.7x).
How is Napatech forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NAT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).
Earnings vs Market: NAT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NAT's is expected to become profitable in the next 3 years.
Revenue vs Market: NAT's revenue (14.6% per year) is forecast to grow faster than the German market (5.1% per year).
High Growth Revenue: NAT's revenue (14.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NAT's Return on Equity is forecast to be low in 3 years time (10.6%).
How has Napatech performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NAT is currently unprofitable.
Growing Profit Margin: NAT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NAT is unprofitable, and losses have increased over the past 5 years at a rate of -75.2% per year.
Accelerating Growth: Unable to compare NAT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NAT is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (31.6%).
Return on Equity
High ROE: NAT has a negative Return on Equity (-81.14%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Napatech's financial position?
Financial Position Analysis
Short Term Liabilities: NAT's short term assets (DKK101.2M) exceed its short term liabilities (DKK61.5M).
Long Term Liabilities: NAT's short term assets (DKK101.2M) exceed its long term liabilities (DKK21.3M).
Debt to Equity History and Analysis
Debt Level: NAT's debt to equity ratio (41.8%) is considered high.
Reducing Debt: NAT's debt to equity ratio has increased from 2.6% to 41.8% over the past 5 years.
Inventory Level: NAT has a low level of unsold assets or inventory.
Debt Coverage by Assets: NAT's debt is covered by short term assets (assets are 3.2x 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: Whilst unprofitable NAT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NAT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -16.6% per year.
What is Napatech's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate NAT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate NAT'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 NAT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NAT'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 NAT's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ray Smets (56yo)
Mr. Raymond Smets, also known as Ray serves as Chief Executive Officer of Napatech A/S since July 24, 2018. Mr. Smets served as Executive Vice President of Worldwide Sales at A10 Networks, Inc. from Novemb ...
|Chief Executive Officer||1.6yrs||no data||0.46% DKK159.6k|
|Chief Financial Officer||1.3yrs||no data||no data|
|Chief Operating Officer||1.6yrs||no data||0.48% DKK166.9k|
|Regulatory Compliance Manager||0yrs||no data||no data|
|Chief Marketing Officer||3.1yrs||no data||no data|
|HR Manager||2.9yrs||no data||no data|
|Chief Research & Development Officer||0yrs||no data||0.29% DKK100.1k|
|Chief Technology Architect||0yrs||no data||no data|
Experienced Management: NAT's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
|Director||1.1yrs||no data||no data|
|Director||3.7yrs||no data||0.084% DKK29.4k|
|Chairman||2.3yrs||no data||0.39% DKK134.4k|
|Director||2.8yrs||no data||0.24% DKK84.0k|
|Director||0yrs||no data||0.52% DKK180.6k|
Experienced Board: NAT's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 64.4%.
Napatech A/S's company bio, employee growth, exchange listings and data sources
- Name: Napatech A/S
- Ticker: NAT
- Exchange: DB
- Founded: 2003
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: kr355.486m
- Listing Market Cap: kr34.889m
- Shares outstanding: 83.06m
- Website: https://www.napatech.com
Number of Employees
- Napatech A/S
- Tobaksvejen 23 A
- Capital Region of Denmark
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NAPA||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Dec 2013|
|NAT||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2013|
|0QJ4||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Dec 2013|
|NAPAO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Dec 2013|
Napatech A/S provides reconfigurable computing solutions for network performance and cybersecurity applications worldwide. The company offers field-programmable gate arrays (FPGA) based computing solutions. It provides FPGA SmartNICs that captures data from networks enabling real-time insight into network traffic; network functions virtualization, a hardware platform that supports acceleration solutions for virtualized environments; and FPGA Cloud Crypto, a cryptography engine that provides technology demonstration and playground for users to learn, experiment, and adapt use cases for FPGA-based crypto offload. It also provides solutions for telecom operators, cloud and data center service providers, and government and infrastructure network managers, as well as cyber security, financial services, and network management industries. The company was founded in 2003 and is headquartered in Copenhagen, Denmark.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 22:25|
|End of Day Share Price||2020/02/25 00:00|
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.