ENXTPA:ALTRO

Stock Analysis Report

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Executive Summary

Tronic's Microsystems SA manufactures and sells MEMS devices for various applications in France and internationally. More Details


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

ALTRO

-8.0%

FR Semiconductor

-6.0%

FR Market


1 Year Return

32.5%

ALTRO

24.3%

FR Semiconductor

-15.5%

FR Market

Return vs Industry: ALTRO exceeded the French Semiconductor industry which returned 28.1% over the past year.

Return vs Market: ALTRO exceeded the French Market which returned -13.9% over the past year.


Shareholder returns

ALTROIndustryMarket
7 Day0%-8.0%-6.0%
30 Day44.5%-0.4%-3.2%
90 Day0%11.4%-1.6%
1 Year32.5%32.5%25.1%24.3%-13.7%-15.5%
3 Year-39.8%-39.8%28.6%25.0%-2.4%-10.6%
5 Year-27.1%-27.1%154.3%119.9%22.5%4.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Tronic's Microsystems undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Tronic's Microsystems is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Tronic's Microsystems has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of ALTRO's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Tronic's Microsystems regulatory filings.
  • Explore potentially undervalued companies in the Semiconductors industry.

Future Growth

How is Tronic's Microsystems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.8%

Forecasted Semiconductors 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 Tronic's Microsystems 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.


Next Steps

  • Take a look at our analysis of ALTRO’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Tronic's Microsystems competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Semiconductors industry.

Past Performance

How has Tronic's Microsystems performed over the past 5 years?

-32.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALTRO is currently unprofitable.

Growing Profit Margin: ALTRO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ALTRO is unprofitable, and losses have increased over the past 5 years at a rate of 32.3% per year.

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

Earnings vs Industry: ALTRO is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-30.5%).


Return on Equity

High ROE: ALTRO's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Tronic's Microsystems's financial position?


Financial Position Analysis

Short Term Liabilities: ALTRO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ALTRO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ALTRO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ALTRO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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: ALTRO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ALTRO has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.5% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ALTRO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALTRO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALTRO'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 ALTRO's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

  • Explore strong dividend paying companies in the Semiconductors industry.

Management

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

2.3yrs

Average management tenure


CEO

Julien Bon

3.17yrs

Tenure

€108,571

Compensation

Mr. Julien Bon serves as President of Executive Board and Chief Executive Officer at Tronics Microsystems S.A since August 24, 2017. Mr. Bon served as Head of Engineering at Tronics Microsystems S.A. Mr. B ...


CEO Compensation Analysis

Compensation vs Market: Julien's total compensation ($USD126.52K) is below average for companies of similar size in the French market ($USD310.17K).

Compensation vs Earnings: Julien's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Julien Bon
President of Executive Board & CEO3.17yrs€108.57kno data
Antoine Filipe
CTO & Member of Executive Board2.33yrs€102.93kno data
Matthieu Cousson
Chief Financial Officer3yrsno datano data
Ariel Cao
Director of Business Developmentno datano datano data
Vincent Gaff
Head Corporate Marketing2yrsno datano data
Fabio Ferrari
CEO of Dallas Operationsno datano datano data
Brian Stephenson
Chief Operating Officer of Dallas Operationsno datano datano data
Karl Biasio
Sales Marketing Manager2yrsno datano data

2.3yrs

Average Tenure

Experienced Management: ALTRO's management team is considered experienced (2.3 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

Tronic's Microsystems SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tronic's Microsystems SA
  • Ticker: ALTRO
  • Exchange: ENXTPA
  • Founded: 1997
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: €29.301m
  • Shares outstanding: 3.69m
  • Website: https://www.tronicsgroup.com

Number of Employees


Location

  • Tronic's Microsystems SA
  • 98 rue du Pré de l’Horme
  • Cedex
  • Crolles
  • Rhône-Alpes
  • 38926
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALTROENXTPA (Euronext Paris)YesCommon StockFREURFeb 2015

Biography

Tronic's Microsystems SA manufactures and sells MEMS devices for various applications in France and internationally. It provides custom and standard products primarily to the industrial, aeronautics, secur ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 21:16
End of Day Share Price2020/10/15 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.