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DETE

Detection Technology OyjHLSE:DETEC Stock Report

Market Cap

€430.1m

7D

-4.2%

1Y

53.2%

Updated

23 Sep, 2021

Data

Company Financials +
DETEC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance2/6
Financial Health6/6
Dividends0/6

DETEC Overview

Detection Technology Oyj provides X-ray detector solutions for medical, security, and industrial applications in approximately 40 countries.

Rewards

Earnings are forecast to grow 28.64% per year

Risk Analysis

No risks detected for DETEC from our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Detection Technology Oyj
Historical stock prices
Current Share Price€29.50
52 Week High€19.00
52 Week Low€37.00
Beta1.02
1 Month Change-16.43%
3 Month Change-0.67%
1 Year Change53.25%
3 Year Change45.32%
5 Year Change128.68%
Change since IPO481.85%

Recent News & Updates

Shareholder Returns

DETECFI ElectronicFI Market
7D-4.2%1.5%1.4%
1Y53.2%47.2%26.3%

Return vs Industry: DETEC exceeded the Finnish Electronic industry which returned 45.6% over the past year.

Return vs Market: DETEC exceeded the Finnish Market which returned 24.4% over the past year.

Price Volatility

Is DETEC's price volatile compared to industry and market?
DETEC volatility
DETEC Beta1.02
Industry Beta1
Market Beta1

Stable Share Price: DETEC is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DETEC's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1991438Hannu Martolahttps://www.deetee.com

Detection Technology Oyj provides X-ray detector solutions for medical, security, and industrial applications in approximately 40 countries. The company offers X-ray line detectors, detector cards, and flat panel detectors; X-ray detector components, such as arrays and preamplifier ASICs; backside and frontside illuminated photodiode arrays; electronics; mechanics; and software products. Its X-ray detectors are used in computed tomography, digital mammography, bone densitometry, chest X-ray, and other medical applications; and X-ray imaging subsystems are used in train, vehicle, container, air cargo, and baggage and parcel scanning, as well as portable and people scanning.

Detection Technology Oyj Fundamentals Summary

How do Detection Technology Oyj's earnings and revenue compare to its market cap?
DETEC fundamental statistics
Market Cap€430.06m
Earnings (TTM)€7.64m
Revenue (TTM)€82.39m

56.3x

P/E Ratio

5.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DETEC income statement (TTM)
Revenue€82.39m
Cost of Revenue€43.45m
Gross Profit€38.94m
Expenses€31.30m
Earnings€7.64m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 27, 2021

Earnings per share (EPS)0.53
Gross Margin47.26%
Net Profit Margin9.27%
Debt/Equity Ratio5.5%

How did DETEC perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

53%

Payout Ratio

Valuation

Is Detection Technology Oyj undervalued compared to its fair value and its price relative to the market?

56.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DETEC (€29.5) is trading above our estimate of fair value (€21.65)

Significantly Below Fair Value: DETEC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DETEC is poor value based on its PE Ratio (56.3x) compared to the Finnish Electronic industry average (38.4x).

PE vs Market: DETEC is poor value based on its PE Ratio (56.3x) compared to the Finnish market (23.5x).


Price to Earnings Growth Ratio

PEG Ratio: DETEC is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: DETEC is overvalued based on its PB Ratio (6.7x) compared to the FI Electronic industry average (6.6x).


Future Growth

How is Detection Technology Oyj forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

28.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DETEC's forecast earnings growth (28.6% per year) is above the savings rate (0.2%).

Earnings vs Market: DETEC's earnings (28.6% per year) are forecast to grow faster than the Finnish market (7.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DETEC's revenue (15.5% per year) is forecast to grow faster than the Finnish market (3.7% per year).

High Growth Revenue: DETEC's revenue (15.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DETEC's Return on Equity is forecast to be high in 3 years time (22.9%)


Past Performance

How has Detection Technology Oyj performed over the past 5 years?

-5.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DETEC has high quality earnings.

Growing Profit Margin: DETEC's current net profit margins (9.3%) are higher than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: DETEC's earnings have declined by 5.3% per year over the past 5 years.

Accelerating Growth: DETEC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: DETEC had negative earnings growth (-9.2%) over the past year, making it difficult to compare to the Electronic industry average (4.3%).


Return on Equity

High ROE: DETEC's Return on Equity (12%) is considered low.


Financial Health

How is Detection Technology Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: DETEC's short term assets (€71.7M) exceed its short term liabilities (€17.0M).

Long Term Liabilities: DETEC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: DETEC's debt to equity ratio (5.5%) is considered satisfactory.

Reducing Debt: DETEC's debt to equity ratio has reduced from 11.7% to 5.5% over the past 5 years.

Debt Coverage: DETEC's debt is well covered by operating cash flow (263%).

Interest Coverage: DETEC earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Detection Technology Oyj current dividend yield, its reliability and sustainability?

0.95%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DETEC's dividend (0.95%) isn’t notable compared to the bottom 25% of dividend payers in the Finnish market (1.68%).

High Dividend: DETEC's dividend (0.95%) is low compared to the top 25% of dividend payers in the Finnish market (3.64%).


Stability and Growth of Payments

Stable Dividend: DETEC is not paying a notable dividend for the Finnish market, therefore no need to check if payments are stable.

Growing Dividend: DETEC is not paying a notable dividend for the Finnish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: DETEC is not paying a notable dividend for the Finnish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DETEC's dividend in 3 years as they are not forecast to pay a notable one for the Finnish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Hannu Martola (58 yo)

14.25yrs

Tenure

Mr. Hannu Martola, M.Sc. (Eng.), eMBA is Director at Enics AG. He has been the Chief Executive Officer and President of Detection Technology Oyj since June 18, 2007. Mr. Martola serves as the Chairman of M...


Leadership Team

Experienced Management: DETEC's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: DETEC's board of directors are considered experienced (3.7 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Detection Technology Oyj's employee growth, exchange listings and data sources


Key Information

  • Name: Detection Technology Oyj
  • Ticker: DETEC
  • Exchange: HLSE
  • Founded: 1991
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €430.064m
  • Shares outstanding: 14.58m
  • Website: https://www.deetee.com

Number of Employees


Location

  • Detection Technology Oyj
  • Otakaari 5A
  • A Grid
  • Espoo
  • Uusimaa
  • 2150
  • Finland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:35
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.