AIM:TWD

Stock Analysis Report

Executive Summary

Trackwise Designs plc develops, manufactures, and sells printed circuit boards in the United Kingdom, Europe, and internationally.

Snowflake

Fundamentals

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

How has Trackwise Designs's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

TWD

-2.4%

GB Electronic

-0.4%

GB Market


1 Year Return

-40.8%

TWD

8.4%

GB Electronic

2.9%

GB Market

Return vs Industry: TWD underperformed the UK Electronic industry which returned 8.4% over the past year.

Return vs Market: TWD underperformed the UK Market which returned 2.9% over the past year.


Shareholder returns

TWDIndustryMarket
7 Day1.6%-2.4%-0.4%
30 Day-21.9%-5.0%-1.4%
90 Day-56.1%-6.0%-2.1%
1 Year-40.8%-40.8%10.2%8.4%8.0%2.9%
3 Yearn/a47.4%40.7%18.0%3.6%
5 Yearn/a122.7%103.4%35.8%6.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Trackwise Designs undervalued compared to its fair value and its price relative to the market?

1.56x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TWD is good value based on its PB Ratio (1.6x) compared to the GB Electronic industry average (2.1x).


Next Steps

Future Growth

How is Trackwise Designs forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

40.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: TWD's revenue (41.1% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: TWD's revenue (41.1% 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 TWD's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Trackwise Designs performed over the past 5 years?

-90.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TWD is unprofitable, and losses have increased over the past 5 years at a rate of -90.5% per year.

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

Earnings vs Industry: TWD is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-7.7%).


Return on Equity

High ROE: TWD has a negative Return on Equity (-1.01%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: TWD is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TWD is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Trackwise Designs's financial position?


Financial Position Analysis

Short Term Liabilities: TWD's short term assets (£3.1M) exceeds its short term liabilities (£1.5M)

Long Term Liabilities: TWD's short term assets (3.1M) exceeds its long term liabilities (2.0M)


Debt to Equity History and Analysis

Debt Level: TWD's debt to equity ratio (12.1%) is considered satisfactory

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

Debt Coverage: TWD's debt is well covered by operating cash flow (25.2%).

Interest Coverage: Insufficient data to determine if TWD's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: TWD has a high level of physical assets or inventory.

Debt Coverage by Assets: TWD's debt is covered by short term assets (assets are 4.272980x debt).


Next Steps

Dividend

What is Trackwise Designs's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.0%markettop25%5.4%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate TWD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if TWD's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: TWD is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TWD's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

What is the CEO of Trackwise Designs's salary, the management and board of directors tenure and is there insider trading?


CEO

Philip Johnston 0

0yrs

Tenure

0

Mr. Philip W. Johnston serves as Chief Executive Officer and Director of Trackwise Designs Ltd. Mr. Johnston’s early career was in the space industry which included a key management role in the Prime Contr ...


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£8,32511 Apr 19
Mark Hodgkins
EntityIndividual
Role
Member of the Board of Directors
CFO, Company Secretary & Director
Shares9,000
Max PriceUK£0.93

Ownership Breakdown


Management Team

  • Philip Johnston

    CEO & Director

    • Tenure: 0yrs
  • Mark Hodgkins

    CFO, Company Secretary & Director

    • Tenure: 0yrs
  • Mike Prosser

    Director of Operations

    • Tenure: 0yrs
  • Neil Bartlett

    Director of Sales and Marketing

    • Tenure: 0yrs

Board Members

  • Ian Griffiths (68yo)

    Non-Executive Chairman

    • Tenure: 0yrs
  • Philip Johnston

    CEO & Director

    • Tenure: 0yrs
  • Lesley Jackson (55yo)

    Non-Executive Director

    • Tenure: 0yrs
  • Mark Hodgkins

    CFO, Company Secretary & Director

    • Tenure: 0yrs

Company Information

Trackwise Designs plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trackwise Designs plc
  • Ticker: TWD
  • Exchange: AIM
  • Founded: 1989
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: UK£8.937m
  • Shares outstanding: 14.77m
  • Website: https://www.trackwise.co.uk

Number of Employees


Location

  • Trackwise Designs plc
  • 1 Ashvale
  • Alexandra Way
  • Tewkesbury
  • Gloucestershire
  • GL20 8HB
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TWDAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2018

Biography

Trackwise Designs plc develops, manufactures, and sells printed circuit boards in the United Kingdom, Europe, and internationally. The company’s circuits are used in RF/antenna and lightweight interconnect ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 22:04
End of Day Share Price2019/10/21 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.