Seeing Machines (AIM:SEE) - Share price, News & Analysis

SEE fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

SEE Stock Overview

Seeing Machines Limited, together with its subsidiaries, provides driver monitoring technologies in Australia, North America, the Asia Pacific, Europe, and internationally.

Rewards

Revenue is forecast to grow 27.8% per year

Earnings have grown 4.8% per year over the past 5 years

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

Seeing Machines Competitors

Toyota Motor

TSE:7203

JP¥28.6t

Volkswagen

XTRA:VOW3

€88.4b

Mercedes-Benz Group

XTRA:MBG

€69.8b

Mitsubishi

TSE:8058

JP¥6.6t

Price History & Performance

Summary of all time highs, changes and price drops for Seeing Machines
Historical stock prices
Current Share Price	UK£0.072
52 Week High	UK£0.12
52 Week Low	UK£0.063
Beta	1.45
1 Month Change	-8.23%
3 Month Change	-8.23%
1 Year Change	-23.68%
3 Year Change	118.05%
5 Year Change	75.76%
Change since IPO	70.59%

Recent News & Updates

Mar 07

We're Hopeful That Seeing Machines (LON:SEE) Will Use Its Cash Wisely

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Shareholder Returns

	SEE	GB Electronic	GB Market
7D	3.6%	0.9%	1.0%
1Y	-23.7%	-17.1%	-2.8%

Return vs Industry: SEE underperformed the UK Electronic industry which returned -17.1% over the past year.

Return vs Market: SEE underperformed the UK Market which returned -2.8% over the past year.

Price Volatility

Is SEE's price volatile compared to industry and market?
SEE volatility
SEE Average Weekly Movement	7.2%
Electronic Industry Average Movement	5.4%
Market Average Movement	6.0%
10% most volatile stocks in GB Market	11.4%
10% least volatile stocks in GB Market	3.0%

Stable Share Price: SEE is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SEE's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2000	213	Paul McGlone	https://www.seeingmachines.com

Seeing Machines Limited, together with its subsidiaries, provides driver monitoring technologies in Australia, North America, the Asia Pacific, Europe, and internationally. It operates through two segments: Original Equipment Manufacturer (OEM) and Aftermarket. The company offers operator monitoring and intervention sensing technologies and services for the automotive, mining, transport, and aviation industries.

Seeing Machines Fundamentals Summary

How do Seeing Machines's earnings and revenue compare to its market cap?
SEE fundamental statistics
Market Cap	AU$524.43m
Earnings (TTM)	-AU$14.42m
Revenue (TTM)	AU$50.69m

10.4x

P/S Ratio

-36.4x

P/E Ratio

Is SEE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SEE income statement (TTM)
Revenue	AU$50.69m
Cost of Revenue	AU$26.13m
Gross Profit	AU$24.56m
Other Expenses	AU$38.99m
Earnings	-AU$14.42m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Oct 27, 2022

Earnings per share (EPS)	-0.0035
Gross Margin	48.46%
Net Profit Margin	-28.46%
Debt/Equity Ratio	0%

How did SEE perform over the long term?

See historical performance and comparison

Valuation

Is Seeing Machines undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

4.53x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: SEE (£0.07) is trading above our estimate of fair value (£0.01)

Significantly Below Fair Value: SEE is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: SEE is unprofitable, so we can't compare its Price-To-Earnings Ratio to the UK Electronic industry average.

PE vs Market: SEE is unprofitable, so we can't compare its Price-To-Earnings Ratio to the UK market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SEE's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: SEE is overvalued based on its Price-To-Book Ratio (4.5x) compared to the GB Electronic industry average (2x).

Future Growth

How is Seeing Machines forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

38.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SEE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SEE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SEE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SEE's revenue (27.8% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: SEE's revenue (27.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SEE's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Seeing Machines performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

4.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SEE is currently unprofitable.

Growing Profit Margin: SEE is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: SEE is unprofitable, but has reduced losses over the past 5 years at a rate of 4.8% per year.

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

Earnings vs Industry: SEE is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (17.8%).

Return on Equity

High ROE: SEE has a negative Return on Equity (-12.45%), as it is currently unprofitable.

Financial Health

How is Seeing Machines's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SEE's short term assets (A$109.8M) exceed its short term liabilities (A$17.5M).

Long Term Liabilities: SEE's short term assets (A$109.8M) exceed its long term liabilities (A$5.0M).

Debt to Equity History and Analysis

Debt Level: SEE is debt free.

Reducing Debt: SEE 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: SEE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SEE has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 10.8% each year.

Dividend

What is Seeing Machines's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SEE's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SEE has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure

CEO

Paul McGlone (56 yo)

2.92yrs

Tenure

AU$1,061,000

Compensation

Mr. Paul Andrew McGlone serves as Chief Executive Officer and Executive Director since July 4, 2019 and served as General Manager of the Fleet division, Senior Vice President and interim Chief Executive Of...

CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD750.78K) is about average for companies of similar size in the UK market ($USD1.02M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: SEE's management team is considered experienced (4.2 years average tenure).

Board Members

Experienced Board: SEE's board of directors are not considered experienced ( 2.6 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.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/26 00:00
End of Day Share Price	2022/05/26 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30