AIM:SEE

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Seeing Machines's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

44.9%

SEE

-1.9%

GB Electronic

-2.4%

GB Market


1 Year Return

-20.3%

SEE

-10.0%

GB Electronic

-25.9%

GB Market

Return vs Industry: SEE underperformed the UK Electronic industry which returned -10% over the past year.

Return vs Market: SEE exceeded the UK Market which returned -25.9% over the past year.


Shareholder returns

SEEIndustryMarket
7 Day44.9%-1.9%-2.4%
30 Day-25.9%-10.9%-18.0%
90 Day-51.0%-18.9%-29.1%
1 Year-20.3%-20.3%-8.6%-10.0%-22.2%-25.9%
3 Year-39.4%-39.4%24.9%19.0%-16.0%-26.6%
5 Year-54.5%-54.5%71.0%56.3%-4.5%-26.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Seeing Machines 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: SEE (£0.03) is trading below our estimate of fair value (£0.49)

Significantly Below Fair Value: SEE is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

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


Next Steps

Future Growth

How is Seeing Machines forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

41.7%

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 (40.1% per year) is forecast to grow faster than the UK market (2.6% per year).

High Growth Revenue: SEE's revenue (40.1% 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


Next Steps

Past Performance

How has Seeing Machines performed over the past 5 years?

-35.4%

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, and losses have increased over the past 5 years at a rate of -35.4% 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 (6.9%).


Return on Equity

High ROE: SEE has a negative Return on Equity (-65.05%), as it is currently unprofitable.


Next Steps

Financial Health

How is Seeing Machines's financial position?


Financial Position Analysis

Short Term Liabilities: SEE's short term assets (A$71.3M) exceed its short term liabilities (A$10.1M).

Long Term Liabilities: SEE's short term assets (A$71.3M) exceed its long term liabilities (A$6.6M).


Debt to Equity History and Analysis

Debt Level: SEE's debt to equity ratio (0.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if SEE's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: SEE has a low level of unsold assets or inventory.

Debt Coverage by Assets: SEE's debt is covered by short term assets (assets are 151.9x 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: 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 1.9 years if free cash flow continues to reduce at historical rates of -27.6% each year.


Next Steps

Dividend

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


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 payouts.

High Dividend: Unable to evaluate SEE'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 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.


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 SEE'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?

1.3yrs

Average management tenure


CEO

Paul McGlone (54yo)

0.83

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Kenneth Kroeger
Consultant0.83yrAU$686.94k0.28% A$228.5k
Paul McGlone
CEO & Executive Director0.83yrno datano data
Timothy Edwards
Co-Founder & CTO20.25yrsno datano data
Naomi Rule
Chief Financial Officer1.25yrsno datano data
Ryan Murphy
Chief Operating Officer1.5yrsno datano data
Susan Dalliston
General Counsel & Company Secretaryno datano datano data
Sophie Nicoll
Senior Vice President of Corporate Communicationsno datano datano data
Nicole Makin
Senior Vice-President of Peopleno datano datano data
Sebastian Rougeaux
Chief Scientist of Machine Intelligenceno datano datano data
Mike Lenné
Senior Vice President of Fleet & Human Factorsno datano datano data

1.3yrs

Average Tenure

Experienced Management: SEE's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Paul McGlone
CEO & Executive Director0.83yrno datano data
John Murray
Independent Non-Executive Director0.33yrno datano data
Yong Ng
Non-Executive Director4.08yrsAU$55.24k0.043% A$35.3k
Rudolph Burger
Non-Executive Director6.25yrsAU$75.46k0.018% A$15.2k
H. Carmichael
Non-Executive Director4.17yrsAU$62.15k0.051% A$42.4k
Gerhard Vorster
Independent Non-Executive Director0.33yrno datano data
Catherine Hill
Chairman0.83yrAU$37.11k0.047% A$38.8k

0.8yrs

Average Tenure

61yo

Average Age

Experienced Board: SEE's board of directors are not considered experienced ( 0.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Seeing Machines Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Seeing Machines Limited
  • Ticker: SEE
  • Exchange: AIM
  • Founded: 2000
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: UK£82.683m
  • Shares outstanding: 3.31b
  • Website: https://www.seeingmachines.com

Number of Employees


Location

  • Seeing Machines Limited
  • 80 Mildura Street
  • Fyshwick
  • Australian Capital Territory
  • 2609
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEEAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2005
SEEM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2005
M2ZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2005

Biography

Seeing Machines Limited provides driver monitoring technologies in Australia, North America, the Asia Pacific, Europe, and internationally. It develops, sells, and licenses products, services, and technology to detect and manage driver fatigue and distraction; and develops driver-monitoring technology to be incorporated into passenger cars. The company serves automotive, aviation, fleet/guardian, off-road, and rail markets. Seeing Machines Limited was founded in 2000 and is headquartered in Fyshwick, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 22:15
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.