DB:XTL1

Stock Analysis Report

Executive Summary

Anoto Group AB (publ), together with its subsidiaries, provides digital writing and drawing solutions.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: XTL1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.1%

XTL1

-1.9%

DE Electronic

-0.9%

DE Market


1 Year Return

-60.1%

XTL1

8.5%

DE Electronic

12.8%

DE Market

Return vs Industry: XTL1 underperformed the German Electronic industry which returned 8.5% over the past year.

Return vs Market: XTL1 underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

XTL1IndustryMarket
7 Day-2.1%-1.9%-0.9%
30 Day-1.2%8.2%-0.4%
90 Day-54.3%8.8%2.3%
1 Year-60.1%-60.1%10.9%8.5%16.3%12.8%
3 Year-77.5%-77.5%49.7%44.8%15.8%5.7%
5 Year-92.4%-94.4%114.5%99.2%19.7%3.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

38.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: XTL1 (€0.08) is trading below our estimate of fair value (€0.13)

Significantly Below Fair Value: XTL1 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: XTL1 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: XTL1 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 XTL1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: XTL1 is good value based on its PB Ratio (0.8x) compared to the DE Electronic industry average (1.9x).


Next Steps

Future Growth

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

86.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: XTL1 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: XTL1 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: XTL1 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: XTL1's revenue (27.9% per year) is forecast to grow faster than the German market (5.2% per year).

High Growth Revenue: XTL1's revenue (27.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: XTL1 is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Anoto Group performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XTL1 is currently unprofitable.

Growing Profit Margin: XTL1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: XTL1 is unprofitable, but has reduced losses over the past 5 years at a rate of 4.1% per year.

Accelerating Growth: Unable to compare XTL1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: XTL1 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).


Return on Equity

High ROE: XTL1 has a negative Return on Equity (-62.55%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Anoto Group's financial position?


Financial Position Analysis

Short Term Liabilities: XTL1's short term assets (SEK56.0M) do not cover its short term liabilities (SEK77.8M).

Long Term Liabilities: XTL1's short term assets (SEK56.0M) exceed its long term liabilities (SEK4.7M).


Debt to Equity History and Analysis

Debt Level: XTL1's debt to equity ratio (7.3%) is considered satisfactory.

Reducing Debt: XTL1's debt to equity ratio has reduced from 188.2% to 7.3% over the past 5 years.


Balance Sheet

Inventory Level: XTL1 has a low level of unsold assets or inventory.

Debt Coverage by Assets: XTL1's debt is covered by short term assets (assets are 3.9x 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: XTL1 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: XTL1 has less than a year of cash runway if free cash flow continues to grow at historical rates of 5.4% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate XTL1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate XTL1'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 XTL1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if XTL1'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 XTL1'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?

1.4yrs

Average management tenure


CEO

Joonhee Won (54yo)

3.8yrs

Tenure

kr3,385,000

Compensation

Mr. Joonhee Won has been the Chief Executive Officer and Chief Marketing Officer at Anoto Group AB (publ) since April 01, 2016 and May 2017 respectively and as its Head of Sales since May 03, 2016. Mr. Won ...


CEO Compensation Analysis

Compensation vs Market: Joonhee's total compensation ($USD348.13K) is about average for companies of similar size in the German market ($USD413.13K).

Compensation vs Earnings: Joonhee's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Joonhee Won
CEO, Head of Sales3.8yrskr3.39m0.28% SEK50.4k
Steve Kim
CTO & Director1.1yrsno datano data
Edward Belgeonne
Chief Executive Officer of Destiny Wireless Ltd0yrsno datano data
Seunghoon Song
Financial Controller0yrsno datano data
Peter Mah
Head of Sales Asia1.4yrsno datano data

1.4yrs

Average Tenure

54yo

Average Age

Experienced Management: XTL1's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Joonhee Won
CEO, Head of Sales3.8yrskr3.39m0.28% SEK50.4k
Steve Kim
CTO & Director1.1yrsno datano data
Perry Ha
Independent Director2.6yrskr636.00k0.73% SEK132.2k
Jörgen Durban
Independent Chairman0yrskr1.57m0.74% SEK135.0k
Anders Sjögren
Independent Director1.1yrsno datano data
Henrik Hammarskiöld
Independent Director0.6yrsno datano data

1.1yrs

Average Tenure

55.5yo

Average Age

Experienced Board: XTL1's board of directors are not considered experienced ( 1.1 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.9%.


Top Shareholders

Company Information

Anoto Group AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Anoto Group AB (publ)
  • Ticker: XTL1
  • Exchange: DB
  • Founded:
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: kr191.434m
  • Listing Market Cap: kr18.125m
  • Shares outstanding: 150.26m
  • Website: https://www.anoto.com

Number of Employees


Location

  • Anoto Group AB (publ)
  • Flaggan 1165
  • Stockholm
  • Stockholm County
  • 116 74
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANOTOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKMar 2000
XTL1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2000
0RUQLSE (London Stock Exchange)YesOrdinary SharesGBSEKMar 2000
AOTO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2000
ANOTSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKMar 2000

Biography

Anoto Group AB (publ), together with its subsidiaries, provides digital writing and drawing solutions. It offers pen solutions for creating a form in digital format, digital processing of handwritten forms, and automatic generation of a digital version of a document with handwritten signatures and notes. The company markets its smartpens under the Livescribe brand. It also develops and sells digital note-taking, creative, collaborative, classroom learning, and document processing and management solutions. The company markets its products, applications, and services to businesses, consumers, and education markets, through partners, such as system integrators, software developers, and IT consulting firms. It operates primarily in Sweden and rest of European Union countries, the United States, Japan, rest of Asian countries, and internationally. Anoto Group AB (publ) is headquartered 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 20:52
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.