ENXTPA:ALTRO

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-20.0%

ALTRO

-0.5%

FR Semiconductor

-0.4%

FR Market


1 Year Return

-54.1%

ALTRO

33.6%

FR Semiconductor

9.5%

FR Market

Return vs Industry: ALTRO underperformed the French Semiconductor industry which returned 33.6% over the past year.

Return vs Market: ALTRO underperformed the French Market which returned 9.5% over the past year.


Shareholder returns

ALTROIndustryMarket
7 Day-20.0%-0.5%-0.4%
30 Day-24.4%4.8%0.06%
90 Dayn/a13.9%0.04%
1 Year-54.1%-54.1%35.2%33.6%13.3%9.5%
3 Year-48.1%-48.1%193.1%181.9%42.5%28.7%
5 Yearn/a272.0%218.5%71.0%45.0%

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?

18.6%

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

Past Performance

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

-65.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ALTRO is unprofitable, and losses have increased over the past 5 years at a rate of -65.1% 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 (-4.8%).


Return on Equity

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


Return on Assets

ROA vs Industry: ALTRO is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ALTRO is currently unprofitable, so its Return on Capital Employed is negative.


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

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

Debt Coverage by Assets: ALTRO has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: 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 -53.3% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.6%markettop25%4.7%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Management

What is the CEO of Tronic's Microsystems's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

Julien Bon 0

0yrs

Tenure

€135,637

Compensation

Mr. Julien Bon serves as Chief Executive Officer at Tronics Microsystems S.A. Mr. Bon served as Head of Engineering at Tronics Microsystems S.A. Mr. Bon is a bright and innovative engineer who has establis ...


CEO Compensation Analysis

Compensation vs. Market: Julien's total compensation ($USD151.09K) is about average for companies of similar size in the French market ($USD148.32K).

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


Management Age and Tenure

1.0yrs

Average Tenure

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


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Stéphane Renard

    Founder & Technical Advisor

    • Tenure: 22.8yrs
    • Compensation: €92.00k
  • Ariel Cao

    Director of Business Development

    • Tenure: 0yrs
  • Julien Bon

    Chief Executive Officer

    • Tenure: 0yrs
    • Compensation: €135.64k
  • Brian Stephenson

    Chief Operating Officer of Dallas Operations

    • Tenure: 0yrs
  • Karl Biasio

    Sales Marketing Manager

    • Tenure: 1yrs
  • Matthieu Cousson

    Chief Financial Officer

    • Tenure: 2yrs
  • Vincent Gaff

    Head Corporate Marketing

    • Tenure: 1yrs
  • Antoine Filipe

    Chief Technology Officer

    • Tenure: 1yrs
    • Compensation: €126.60k
  • Fabio Ferrari

    CEO of Dallas Operations

    • Tenure: 0yrs

Board Members

  • Régis Saleur (53yo)

    Member of Supervisory Board

    • Tenure: 0yrs
  • Michel de Lempdes (42yo)

    Chairman of Supervisory Board

    • Tenure: 0yrs
  • Pierre Baliguet

    Member of Supervisory Board

    • Tenure: 0yrs
  • Duval Destin

    Member of Supervisory Board

    • Tenure: 0yrs

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: €25.062m
  • 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 Analysis2019/10/19 21:49
End of Day Share Price2019/10/16 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.