SAF Tehnika A/S designs, develops, manufactures, and distributes digital microwave transmission equipment worldwide.
Flawless balance sheet and fair value.
Share Price & News
How has SAF Tehnika's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VTZ's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VTZ exceeded the German Communications industry which returned -37.9% over the past year.
Return vs Market: VTZ exceeded the German Market which returned -14.3% over the past year.
Price Volatility Vs. Market
How volatile is SAF Tehnika's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is SAF Tehnika undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VTZ (€2.76) is trading below our estimate of fair value (€2.79)
Significantly Below Fair Value: VTZ is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VTZ is poor value based on its PE Ratio (16.8x) compared to the Communications industry average (15.7x).
PE vs Market: VTZ is good value based on its PE Ratio (16.8x) compared to the German market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VTZ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VTZ is good value based on its PB Ratio (0.8x) compared to the DE Communications industry average (2.4x).
How is SAF Tehnika forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 SAF Tehnika 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.
- Examine whether SAF Tehnika is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- SAF Tehnika competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Tech industry.
How has SAF Tehnika performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VTZ has high quality earnings.
Growing Profit Margin: VTZ became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: VTZ's earnings have declined by -37.6% per year over the past 5 years.
Accelerating Growth: VTZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: VTZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (21.9%).
Return on Equity
High ROE: VTZ's Return on Equity (5.3%) is considered low.
How is SAF Tehnika's financial position?
Financial Position Analysis
Short Term Liabilities: VTZ's short term assets (€12.2M) exceed its short term liabilities (€3.1M).
Long Term Liabilities: VTZ's short term assets (€12.2M) exceed its long term liabilities (€1.3M).
Debt to Equity History and Analysis
Debt Level: VTZ's debt to equity ratio (0.01%) is considered satisfactory.
Reducing Debt: VTZ's debt to equity ratio has reduced from 0.04% to 0.01% over the past 5 years.
Debt Coverage: VTZ's debt is well covered by operating cash flow (182089.9%).
Interest Coverage: VTZ earns more interest than it pays, so coverage of interest payments is not a concern.
What is SAF Tehnika's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VTZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate VTZ'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 VTZ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VTZ's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: VTZ is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VTZ'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
Normunds Bergs (56yo)
Mr. Normunds Bergs serves as the Chairman of Management Board of SAF Tehnika and has been its Chief Executive Officer since 2000. Mr. Bergs serves as the Chairman of Management Board and Chief Executive O ...
|Co-Founder||no data||no data||8.71% €765.8k|
|Chairman of Management Board & CEO||20.25yrs||no data||9.74% €856.3k|
|Co-Founder||no data||no data||10.03% €881.8k|
|Co-Founder & VP of Business Development||14.25yrs||no data||no data|
|Co-Founder||21.25yrs||no data||17.05% €1.5m|
|CFO & Member of Management Board||4.92yrs||no data||no data|
|VP of Sales & Marketing and Member of Management Board||5yrs||no data||no data|
|Chief Accountant||no data||no data||no data|
Experienced Management: VTZ's management team is seasoned and experienced (14.3 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.3%.
SAF Tehnika A/S's company bio, employee growth, exchange listings and data sources
- Name: SAF Tehnika A/S
- Ticker: VTZ
- Exchange: DB
- Founded: 1999
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: €8.792m
- Shares outstanding: 2.97m
- Website: https://www.saftehnika.com
Number of Employees
- SAF Tehnika A/S
- Ganibu dambis 24a
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SAF1R||RISE (OMX Nordic Exchange Riga)||Yes||Ordinary Bearer Shares||LV||EUR||Jun 2004|
|0J4T||LSE (London Stock Exchange)||Yes||Ordinary Bearer Shares||GB||EUR||Jun 2004|
|VTZ||DB (Deutsche Boerse AG)||Yes||Ordinary Bearer Shares||DE||EUR||Jun 2004|
SAF Tehnika A/S designs, develops, manufactures, and distributes digital microwave transmission equipment worldwide. The company provides wireless backhaul solutions for digital voice and data transmission to fixed and mobile network operators, and data service providers in the public and private sectors. Its products include CFIP radios; FreeMile 17/24, an outdoor hybrid radio system that is used in unlicensed frequency bands, as well as provides Ethernet/E1 interfaces for user traffic; Integra, a radio system; and Spectrum Compact, a measurement tool for field engineers for telecom, broadcasting, and other industries using radio technologies. The company also sells antennas, cables, OEM products, and various accessories purchased from other suppliers. The company was founded in 1999 and is headquartered in Riga, Latvia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 22:54|
|End of Day Share Price||2020/04/09 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.