AIM:WPHO

Stock Analysis Report

Executive Summary

Windar Photonics Plc, through its subsidiaries, develops and sells light detection and ranging sensors, and associated products for use on electricity generating wind turbines.

Snowflake

Fundamentals

Mediocre balance sheet with moderate growth potential.

Share Price & News

How has Windar Photonics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

WPHO

-1.0%

GB Electronic

2.3%

GB Market


1 Year Return

-55.8%

WPHO

6.2%

GB Electronic

2.5%

GB Market

Return vs Industry: WPHO underperformed the UK Electronic industry which returned 6.2% over the past year.

Return vs Market: WPHO underperformed the UK Market which returned 2.5% over the past year.


Shareholder returns

WPHOIndustryMarket
7 Day0%-1.0%2.3%
30 Day-2.2%-5.8%-1.3%
90 Day-6.4%-6.0%-1.9%
1 Year-55.8%-55.8%8.0%6.2%7.4%2.5%
3 Year-39.3%-39.3%45.8%39.2%18.8%4.3%
5 Yearn/a121.2%102.5%36.4%6.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Windar Photonics undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: WPHO (£0.44) is trading below our estimate of fair value (£15.9)

Significantly Undervalued: WPHO is trading below fair value by more than 20%.


Price To Earnings Ratio

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

PE vs Market: WPHO is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: WPHO is overvalued based on its PB Ratio (13.2x) compared to the GB Electronic industry average (2.1x).


Next Steps

Future Growth

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

127.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: WPHO's revenue (80% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: WPHO's revenue (80% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: WPHO's Return on Equity is forecast to be very high in 3 years time (57.1%).


Next Steps

Past Performance

How has Windar Photonics performed over the past 5 years?

17.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WPHO is unprofitable, but has reduced losses over the past 5 years at a rate of 17.7% per year.

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

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


Return on Equity

High ROE: WPHO has a negative Return on Equity (-89.55%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Windar Photonics's financial position?


Financial Position Analysis

Short Term Liabilities: WPHO's short term assets (€3.0M) exceeds its short term liabilities (€1.1M)

Long Term Liabilities: WPHO's short term assets (3.0M) exceeds its long term liabilities (1.3M)


Debt to Equity History and Analysis

Debt Level: WPHO's debt to equity ratio (78.2%) is considered high

Reducing Debt: WPHO's debt to equity ratio has reduced from 287.2% to 78.2% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: WPHO's debt is covered by short term assets (assets are 2.201840x 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: WPHO has less than a year of cash runway based on its current free cash flow.

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


Next Steps

  • Explore more healthy companies in the Tech industry.

Dividend

What is Windar Photonics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.7%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Growing Dividend: Insufficient data to determine if WPHO'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 WPHO'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 Windar Photonics's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Jørgen Jensen (56yo)

3.1yrs

Tenure

0

Mr. Jørgen Korsgaard Jensen is Chief Executive Officer of Windar Photonics PLC and was its Interim Chief Executive Officer since September 29, 2016. Mr. Jensen is the Founder of Windar Photonics PLC and ha ...


CEO Compensation Analysis

Compensation vs. Market: Jørgen's total compensation ($USD0.00) is too low to compare against companies of similar size in the UK market ($USD318.54K).

Compensation vs Earnings: Jørgen's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.8yrs

Average Tenure

Experienced Management: WPHO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Insider Trading

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


Ownership Breakdown


Management Team

  • Martin Rambusch (45yo)

    Chief Commercial Officer

    • Tenure: 3.1yrs
    • Compensation: €322.68k
  • Jørgen Jensen (56yo)

    Founder

    • Tenure: 3.1yrs
  • Edward Ratnam

    Company Secretary

    • Tenure: 0yrs
  • Jason Smith

    Manager of Sales

    • Tenure: 0.5yrs
  • Hong De-Beer

    Chief Operations Officer

    • Tenure: 0.5yrs

Board Members

  • Simon Barrell (60yo)

    Senior Independent Non-Executive Director

    • Tenure: 0yrs
    • Compensation: €11.22k
  • Johan Petersen (67yo)

    Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: €13.42k
  • Jørgen Jensen (56yo)

    Founder

    • Tenure: 3.1yrs
  • Søren Høffer (46yo)

    Non-Executive Director

    • Tenure: 1.8yrs
    • Compensation: €11.22k

Company Information

Windar Photonics PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Windar Photonics PLC
  • Ticker: WPHO
  • Exchange: AIM
  • Founded: 2014
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: UK£19.584m
  • Shares outstanding: 44.51m
  • Website: https://www.investor.windarphotonics.com

Number of Employees


Location

  • Windar Photonics PLC
  • 3 More London Riverside
  • London
  • Greater London
  • SE1 2AQ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WPHOAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMar 2015

Biography

Windar Photonics Plc, through its subsidiaries, develops and sells light detection and ranging sensors, and associated products for use on electricity generating wind turbines. It offers WindEye and WindVi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 21:39
End of Day Share Price2019/10/16 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.