AIM:ENET

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Executive Summary

Ethernity Networks Ltd. provides technology solutions for telecom, mobile, security, and data center markets in Asia, Europe, Israel, and the United States.


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has Ethernity Networks's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.3%

ENET

2.5%

GB Communications

3.7%

GB Market


1 Year Return

45.1%

ENET

48.7%

GB Communications

-9.5%

GB Market

Return vs Industry: ENET underperformed the UK Communications industry which returned 48.8% over the past year.

Return vs Market: ENET exceeded the UK Market which returned -11% over the past year.


Shareholder returns

ENETIndustryMarket
7 Day-1.3%2.5%3.7%
30 Day-14.0%10.7%10.8%
90 Day-1.3%7.6%-5.0%
1 Year45.1%45.1%50.8%48.7%-5.1%-9.5%
3 Yearn/a52.2%43.6%-1.7%-13.7%
5 Yearn/a102.0%83.0%16.4%-9.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Ethernity Networks undervalued compared to its fair value and its price relative to the market?

0.97x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ENET's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ENET's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ENET is unprofitable, so we can't compare its PE Ratio to the Communications industry average.

PE vs Market: ENET 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 ENET's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ENET is good value based on its PB Ratio (1x) compared to the GB Communications industry average (1.9x).


Next Steps

Future Growth

How is Ethernity Networks forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.6%

Forecasted Tech 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 Ethernity Networks 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 Ethernity Networks performed over the past 5 years?

-56.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENET is currently unprofitable.

Growing Profit Margin: ENET is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ENET is unprofitable, and losses have increased over the past 5 years at a rate of -56.1% per year.

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

Earnings vs Industry: ENET is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (13.9%).


Return on Equity

High ROE: ENET has a negative Return on Equity (-15.21%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ethernity Networks's financial position?


Financial Position Analysis

Short Term Liabilities: ENET's short term assets ($6.8M) exceed its short term liabilities ($1.6M).

Long Term Liabilities: ENET's short term assets ($6.8M) exceed its long term liabilities ($284.3K).


Debt to Equity History and Analysis

Debt Level: ENET is debt free.

Reducing Debt: ENET had no debt 5 years ago.


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: Insufficient data to determine if ENET has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ENET has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Ethernity Networks's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ENET'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 ENET's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ENET'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 ENET'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?

2.8yrs

Average management tenure


CEO

David Levi

no data

Tenure

Mr. David Levi BSC, MBA serves as Chief Executive Officer and Director of Ethernity Networks Ltd. Mr. Levi served as Chief Operating Officer of BroadLight, Inc. Mr. Levi has 12 years of rich experience in  ...


Leadership Team

NamePositionTenureCompensationOwnership
David Levi
CEO & Directorno datano data20.88% $2.5m
Shavit Baruch
Founderno datano data13.76% $1.7m
Mark Reichenberg
CFO, Company Secretary & Director3yrsno datano data
Barak Perlman
Chief Technology Officer2.92yrsno datano data
Rob O'Hara
Vice President of Worldwide Sales2.33yrsno datano data
Eugene Zetserov
Vice President of Product Marketing2.75yrsno datano data

2.8yrs

Average Tenure

Experienced Management: ENET's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Levi
CEO & Directorno datano data20.88% $2.5m
Shavit Baruch
Founderno datano data13.76% $1.7m
Mark Reichenberg
CFO, Company Secretary & Director3yrsno datano data
Graham Woolfman
Independent Non-Executive Chairman3yrsno data0.033% $4.0k
Neil Rafferty
Independent Non-Executive Director3yrsno data0.022% $2.6k
Chen Saft-Feiglin
Independent External Director2.58yrsno datano data
Zohar Yinon
External Director2.58yrsno datano data

3.0yrs

Average Tenure

Experienced Board: ENET's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ENET insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ethernity Networks Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ethernity Networks Ltd.
  • Ticker: ENET
  • Exchange: AIM
  • Founded: 2003
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: UK£12.097m
  • Shares outstanding: 32.69m
  • Website: https://www.ethernitynet.com

Number of Employees


Location

  • Ethernity Networks Ltd.
  • 13A Hamelacha Street
  • Lod Industrial Park
  • Lod
  • 7152025
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENETAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2017

Biography

Ethernity Networks Ltd. provides technology solutions for telecom, mobile, security, and data center markets in Asia, Europe, Israel, and the United States. It develops and delivers network processing technology solutions for carrier Ethernet switching, including broadband access, mobile backhaul, carrier Ethernet demarcation, and data centers. The company provides flow processors for deployment in network infrastructures, such as broadband, carrier Ethernet access, mobile base station, and backhaul; ACE-NIC40, an open flow enabled software acceleration NIC; ACE-NIC50, which offers 10/25G Ethernet connectivity and FPGA acceleration; and ACE-NIC100 that provides flexible I/O capabilities with hardware acceleration. It also offers ENET software suite, a software framework that includes software protocol applications for carrier Ethernet, IP, and MPLS, including security, system configuration, chassis management, and other value-added application; as well as ENET Universal Edge Platform, ENET VPN Gateway, and ENET vRouter. In addition, the company provides network function virtualization and software-defined networks, mobile, broadband, carrier Ethernet VPNs, network security, and industrial Internet of things solutions. The company was formerly known as Neracore Ltd. and changed its name to Ethernity Networks Ltd. on August 2004. Ethernity Networks Ltd. was founded in 2003 and is headquartered in Lod, Israel. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 01:09
End of Day Share Price2020/06/03 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.