DB:SB6P

Stock Analysis Report

Executive Summary

Neonode Inc., together with its subsidiaries, develops and licenses user interface and optical interactive touch solutions under the zForce brand in the United States, Japan, Germany, China, Taiwan, South Korea, and internationally.


Snowflake Analysis

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SB6P's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.6%

SB6P

-1.9%

DE Electronic

-0.9%

DE Market


1 Year Return

-2.1%

SB6P

8.5%

DE Electronic

12.8%

DE Market

Return vs Industry: SB6P underperformed the German Electronic industry which returned 8.5% over the past year.

Return vs Market: SB6P underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

SB6PIndustryMarket
7 Day-2.6%-1.9%-0.9%
30 Day-4.2%8.2%-0.4%
90 Day83.9%8.8%2.3%
1 Year-2.1%-2.1%10.9%8.5%16.3%12.8%
3 Year-85.1%-85.1%49.7%44.8%15.8%5.7%
5 Year-91.8%-91.8%114.5%99.2%19.7%3.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

2.4x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SB6P's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SB6P's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SB6P is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: SB6P 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 SB6P's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SB6P is overvalued based on its PB Ratio (2.4x) compared to the DE Electronic industry average (1.9x).


Next Steps

Future Growth

How is Neonode forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

54.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SB6P is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SB6P is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SB6P is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SB6P's revenue (36.3% per year) is forecast to grow faster than the German market (5.2% per year).

High Growth Revenue: SB6P's revenue (36.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SB6P is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Neonode performed over the past 5 years?

31.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SB6P is currently unprofitable.

Growing Profit Margin: SB6P is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SB6P is unprofitable, but has reduced losses over the past 5 years at a rate of 31.6% per year.

Accelerating Growth: Unable to compare SB6P's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SB6P is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).


Return on Equity

High ROE: SB6P has a negative Return on Equity (-65.72%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Neonode's financial position?


Financial Position Analysis

Short Term Liabilities: SB6P's short term assets ($6.9M) exceed its short term liabilities ($2.5M).

Long Term Liabilities: SB6P's short term assets ($6.9M) exceed its long term liabilities ($704.0K).


Debt to Equity History and Analysis

Debt Level: SB6P is debt free.

Reducing Debt: SB6P had no debt 5 years ago.


Balance Sheet

Inventory Level: SB6P has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SB6P'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: SB6P has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SB6P has less than a year of cash runway if free cash flow continues to grow at historical rates of 17.9% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SB6P's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SB6P'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 SB6P's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SB6P'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 SB6P'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?

0.9yrs

Average management tenure


CEO

Urban Forssell (48yo)

0.08yrs

Tenure

Mr. Urban Forssell has been President and Chief Executive Officer of Neonode Inc. since January 1, 2020. He has served since 2013 as a Vice President and between 2011 and 2013 as a General Manager at Öhlin ...


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Eriksson
Co-Founder & Senior Advisor0yrsUS$1.17kno data
Urban Forssell
CEO & President0.08yrsno datano data
Maria Anne-Lee Ek
CFO, VP of Finance0.7yrsno datano data
Ulf Mårtensson
Vice President of Operations0yrsno datano data
David Brunton
Vice President of Investor Relations0yrsUS$189.38kno data
Carl Bergendal
Executive VP of Sales & Engineering1.1yrsno datano data
Åsa Bjurholm
Vice President of Marketing1.1yrsno datano data

0.9yrs

Average Tenure

48.5yo

Average Age

Experienced Management: SB6P's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ulf Rosberg
Independent Chairman of the Board2.3yrsUS$10.00k18.04% $3.4m
Peter Lindell
Independent Director0.7yrsno data17.42% $3.3m
Andreas Bunge
Independent Director2.4yrsUS$257.96k1.18% $225.0k
Lars Lindqvist
Director0.5yrsUS$201.38k0.11% $20.3k
Per Löfgren
Independent Director5.5yrsUS$10.00k0.016% $3.0k
Mattias Bergman
Independent Director0.7yrsno datano data

1.5yrs

Average Tenure

57yo

Average Age

Experienced Board: SB6P's board of directors are not considered experienced ( 1.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 38.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: Neonode Inc.
  • Ticker: SB6P
  • Exchange: DB
  • Founded: 1997
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: US$20.706m
  • Listing Market Cap: US$19.062m
  • Shares outstanding: 8.81m
  • Website: https://www.neonode.com

Number of Employees


Location

  • Neonode Inc.
  • Storgatan 23C
  • Stockholm
  • Stockholm County
  • 114 55
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NEONNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 1976
SB6PDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1976
0K62LSE (London Stock Exchange)YesCommon StockGBUSDJan 1976

Biography

Neonode Inc., together with its subsidiaries, develops and licenses user interface and optical interactive touch solutions under the zForce brand in the United States, Japan, Germany, China, Taiwan, South Korea, and internationally. It develops optical touch and gesture solutions for human interaction with devices. The company licenses its touch technology to original equipment manufacturers and Tier 1 suppliers. It also provides engineering consulting services. In addition, the company sells Neonode branded sensor products, such as AirBar PC touch products through distributors and directly to consumers. Neonode Inc. was incorporated in 1997 and is based in Stockholm, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 23:07
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
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.