Tungsten
Market Cap
UK£42.6m
Last Updated
2021/05/09 18:03 UTC
Data Sources
Company Financials +
Executive Summary
Tungsten Corporation plc operates an e-invoicing network that also provides trade finance and spend analytics. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with reasonable growth potential.
Share Price & News
How has Tungsten's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TUNG is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: TUNG's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of UK stocks.
Market Performance
7 Day Return
-3.5%
TUNG
-2.2%
GB IT
2.1%
GB Market
1 Year Return
-2.1%
TUNG
50.7%
GB IT
26.3%
GB Market
Return vs Industry: TUNG underperformed the UK IT industry which returned 50% over the past year.
Return vs Market: TUNG underperformed the UK Market which returned 26.5% over the past year.
Shareholder returns
| TUNG | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.5% | -2.2% | 2.1% |
| 30 Day | 13.1% | -2.8% | 3.5% |
| 90 Day | 9.3% | 10.3% | 8.8% |
| 1 Year | -2.1%-2.1% | 53.1%50.7% | 31.9%26.3% |
| 3 Year | -43.6%-43.6% | 74.7%66.1% | 12.9%-0.1% |
| 5 Year | -41.7%-41.7% | 194.9%166.6% | 51.5%22.8% |
Long-Term Price Volatility Vs. Market
How volatile is Tungsten's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 years ago | Simply Wall St
With A -99.83% Earnings Drop, Is Tungsten Corporation Plc's (LON:TUNG) A Concern?3 years ago | Simply Wall St
February Insights Into Tech Stocks: Tungsten Corporation Plc (LON:TUNG)3 years ago | Simply Wall St
Who Owns Most Of Tungsten Corporation Plc (LON:TUNG)?Valuation
Is Tungsten undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TUNG (£0.33) is trading below our estimate of fair value (£1.69)
Significantly Below Fair Value: TUNG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TUNG is unprofitable, so we can't compare its PE Ratio to the GB IT industry average.
PE vs Market: TUNG is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TUNG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TUNG is good value based on its PB Ratio (0.7x) compared to the GB IT industry average (4.2x).
Future Growth
How is Tungsten forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
106.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TUNG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).
Earnings vs Market: TUNG is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: TUNG's is expected to become profitable in the next 3 years.
Revenue vs Market: TUNG's revenue (6.2% per year) is forecast to grow faster than the UK market (5.3% per year).
High Growth Revenue: TUNG's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TUNG's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Tungsten performed over the past 5 years?
-12.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TUNG is currently unprofitable.
Growing Profit Margin: TUNG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TUNG is unprofitable, and losses have increased over the past 5 years at a rate of 12.4% per year.
Accelerating Growth: Unable to compare TUNG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TUNG is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (6.1%).
Return on Equity
High ROE: TUNG has a negative Return on Equity (-93.87%), as it is currently unprofitable.
Financial Health
How is Tungsten's financial position?
Financial Position Analysis
Short Term Liabilities: TUNG's short term assets (£8.6M) do not cover its short term liabilities (£19.5M).
Long Term Liabilities: TUNG's short term assets (£8.6M) exceed its long term liabilities (£6.2M).
Debt to Equity History and Analysis
Debt Level: TUNG's debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TUNG's debt to equity ratio has reduced over the past 5 years.
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: Whilst unprofitable TUNG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TUNG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.9% per year.
Dividend
What is Tungsten current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TUNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TUNG'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 TUNG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TUNG'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 TUNG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Andrew Lemonofides (54 yo)
1.67yrs
Tenure
UK£360,000
Compensation
Mr. Andrew John Lemonofides serves as Executive Director at Tungsten Corporation plc since September 02, 2019 and serves as its Chief Executive Officer since September 2019. He joined Tungsten Corporation ...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD503.56K) is above average for companies of similar size in the UK market ($USD338.50K).
Compensation vs Earnings: Insufficient data to compare Andrew's compensation with company performance.
Leadership Team
Experienced Management: TUNG's management team is considered experienced (3.1 years average tenure).
Board Members
Experienced Board: TUNG's board of directors are not considered experienced ( 2 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Tungsten Corporation plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tungsten Corporation plc
- Ticker: TUNG
- Exchange: AIM
- Founded: 2000
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Implied Market Cap: UK£42.632m
- Market Cap: UK£41.399m
- Shares outstanding: 129.98m
- Website: https://www.tungsten-network.com
Number of Employees
Location
- Tungsten Corporation plc
- Pountney Hill House
- 6 Laurence Pountney Hill
- London
- Greater London
- EC4R 0BL
- United Kingdom
Listings
Biography
Tungsten Corporation plc operates an e-invoicing network that also provides trade finance and spend analytics. The company operates through Tungsten Network and Tungsten Network Finance segments. It offers...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/09 18:03 |
| End of Day Share Price | 2021/05/07 00:00 |
| Earnings | 2020/10/31 |
| Annual Earnings | 2020/04/30 |
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.