Tungsten
Market Cap
UK£46.1m
Last Updated
2020/02/25 22:25 UTC
Data Sources
Company Financials +
Executive Summary
Tungsten Corporation plc operates an e-invoicing network that also provides supply chain financing and spend analytics.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Mediocre balance sheet and overvalued.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-2.1%
TUNG
-0.09%
GB IT
-0.5%
GB Market
1 Year Return
-13.3%
TUNG
40.9%
GB IT
6.0%
GB Market
Return vs Industry: TUNG underperformed the UK IT industry which returned 40.9% over the past year.
Return vs Market: TUNG underperformed the UK Market which returned 6% over the past year.
Shareholder returns
| TUNG | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | -0.09% | -0.5% |
| 30 Day | -10.7% | 1.2% | -1.8% |
| 90 Day | -14.7% | 6.4% | 2.4% |
| 1 Year | -13.3%-13.3% | 44.1%40.9% | 11.5%6.0% |
| 3 Year | -41.3%-41.3% | 120.6%105.6% | 18.2%3.5% |
| 5 Year | -77.0%-77.0% | 124.3%106.1% | 34.3%3.5% |
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
1 year ago | Simply Wall St
With A -99.83% Earnings Drop, Is Tungsten Corporation Plc's (LON:TUNG) A Concern?2 years ago | Simply Wall St
February Insights Into Tech Stocks: Tungsten Corporation Plc (LON:TUNG)2 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?
0.39x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate TUNG's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TUNG's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TUNG is unprofitable, so we can't compare its PE Ratio to the 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 (0.4x) compared to the GB IT industry average (2.7x).
Next Steps
Future Growth
How is Tungsten forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
6.7%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if TUNG's forecast earnings growth is above the savings rate (0.5%).
Earnings vs Market: Insufficient data to determine if TUNG's earnings are forecast to grow faster than the UK market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TUNG's revenue (6.7% per year) is forecast to grow faster than the UK market (3.8% per year).
High Growth Revenue: TUNG's revenue (6.7% 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
Next Steps
Past Performance
How has Tungsten performed over the past 5 years?
32.3%
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, but has reduced losses over the past 5 years at a rate of 32.3% 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 (12.3%).
Return on Equity
High ROE: TUNG has a negative Return on Equity (-4.95%), as it is currently unprofitable.
Next Steps
Financial Health
How is Tungsten's financial position?
Financial Position Analysis
Short Term Liabilities: TUNG's short term assets (£9.2M) do not cover its short term liabilities (£14.8M).
Long Term Liabilities: TUNG's short term assets (£9.2M) exceed its long term liabilities (£8.4M).
Debt to Equity History and Analysis
Debt Level: TUNG's debt to equity ratio (0.9%) 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
Inventory Level: TUNG has a low level of unsold assets or inventory.
Debt Coverage by Assets: TUNG's debt is covered by short term assets (assets are 8.9x 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: TUNG has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: TUNG has less than a year of cash runway if free cash flow continues to grow at historical rates of 16.5% each year.
Next Steps
Dividend
What is Tungsten's 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 payouts.
High Dividend: Unable to evaluate TUNG'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 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?
2.9yrs
Average management tenure
CEO
Andrew Lemonofides (53yo)
0.4yrs
Tenure
Mr. Andrew John Lemonofides serves as Director at Tungsten Corporation plc since September 19, 2019 and serves as its Chief Executive Officer since September 2019. Mr. Lemonofides serves as the Chief Strat ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Executive Director | 4.9yrs | UK£287.00k | 0.20% £91.5k | |
| CEO & Director | 0.4yrs | no data | no data | |
| Chief Technology Officer | 1.8yrs | no data | no data | |
| Head of Investor Relations | 0yrs | no data | no data | |
| General Counsel & Company Secretary | 3.9yrs | no data | no data | |
| Head of Marketing | 0.3yrs | no data | no data | |
| Head of Major Accounts - EMEA | 6yrs | no data | no data | |
| Senior Vice President of Service Delivery | 6.3yrs | no data | no data | |
| Chief Revenue Officer | 0.8yrs | no data | no data |
2.9yrs
Average Tenure
Experienced Management: TUNG's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO & Executive Director | 4.9yrs | UK£287.00k | 0.20% £91.5k | |
| CEO & Director | 0.4yrs | no data | no data | |
| Senior Independent Non-Executive Director | 0yrs | UK£42.00k | 0.17% £80.2k | |
| Non-Executive Chairman | 1.3yrs | UK£100.00k | 0.55% £253.8k | |
| Non-Executive Director | 1.2yrs | UK£27.00k | 0.20% £92.0k | |
| Non-Executive Director | 1yrs | UK£9.00k | no data |
1.2yrs
Average Tenure
63yo
Average Age
Experienced Board: TUNG's board of directors are not considered experienced ( 1.2 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£46.096m
- Market Cap: UK£44.761m
- Shares outstanding: 129.85m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TUNG | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Oct 2013 |
| TUN | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2013 |
| TGTN.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2013 |
Biography
Tungsten Corporation plc operates an e-invoicing network that also provides supply chain financing and spend analytics. The company operates through Tungsten Network and Tungsten Network Finance segments. It offers solutions for buyers, such as e-invoicing solutions to streamline and digitize accounts payable processes; analytics solutions to transform invoice data; workflow solutions for streamlining accounts payable processes; PO services that streamlines PO processing, as well as saves time and money; and invoice data capture solutions. The company also provides solutions for suppliers, including e-invoicing, early payment, global payments, and analytics. In addition, it offers trustee; investment management; and software services, as well as trade finance solutions. The company was founded in 2000 and is headquartered in London, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/25 22:25 |
| End of Day Share Price | 2020/02/25 00:00 |
| Earnings | 2019/10/31 |
| Annual Earnings | 2019/04/30 |
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.