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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


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

TUNGIndustryMarket
7 Day-3.5%-2.2%2.1%
30 Day13.1%-2.8%3.5%
90 Day9.3%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

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 18:03
End of Day Share Price2021/05/07 00:00
Earnings2020/10/31
Annual Earnings2020/04/30


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.