OB:NOD

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Nordic Semiconductor

Executive Summary

Nordic Semiconductor ASA, a fabless semiconductor company, designs, develops, and sells integrated circuits and related solutions for short and long range wireless communication in Europe, the Americas, and the Asia/Pacific.


Snowflake Analysis

Excellent balance sheet with proven track record.


Similar Companies

Share Price & News

How has Nordic Semiconductor's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

4.7%

NOD

7.9%

NO Semiconductor

0.6%

NO Market


1 Year Return

82.0%

NOD

58.1%

NO Semiconductor

-12.5%

NO Market

Return vs Industry: NOD exceeded the Norwegian Semiconductor industry which returned 51.7% over the past year.

Return vs Market: NOD exceeded the Norwegian Market which returned -13.4% over the past year.


Shareholder returns

NODIndustryMarket
7 Day4.7%7.9%0.6%
30 Day13.6%19.4%5.9%
90 Day42.4%11.7%-6.5%
1 Year82.0%82.0%63.3%58.1%-9.6%-12.5%
3 Year89.3%89.3%73.6%60.9%-5.8%1.3%
5 Year24.1%24.1%143.5%118.9%34.8%6.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Nordic Semiconductor undervalued compared to its fair value and its price relative to the market?

13.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NOD (NOK67) is trading below our estimate of fair value (NOK76.97)

Significantly Below Fair Value: NOD is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NOD is poor value based on its PE Ratio (97.7x) compared to the Semiconductor industry average (30.4x).

PE vs Market: NOD is poor value based on its PE Ratio (97.7x) compared to the Norwegian market (12x).


Price to Earnings Growth Ratio

PEG Ratio: NOD is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: NOD is overvalued based on its PB Ratio (5.3x) compared to the XE Semiconductor industry average (2.4x).


Next Steps

Future Growth

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

42.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOD's forecast earnings growth (42% per year) is above the savings rate (1.6%).

Earnings vs Market: NOD's earnings (42% per year) are forecast to grow faster than the Norwegian market (34.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: NOD's revenue (19.4% per year) is forecast to grow faster than the Norwegian market (4.8% per year).

High Growth Revenue: NOD's revenue (19.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NOD's Return on Equity is forecast to be low in 3 years time (11.8%).


Next Steps

Past Performance

How has Nordic Semiconductor performed over the past 5 years?

-31.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOD has high quality earnings.

Growing Profit Margin: NOD's current net profit margins (4.1%) are higher than last year (0.9%).


Past Earnings Growth Analysis

Earnings Trend: NOD's earnings have declined by -31.7% per year over the past 5 years.

Accelerating Growth: NOD's earnings growth over the past year (461.6%) exceeds its 5-year average (-31.7% per year).

Earnings vs Industry: NOD earnings growth over the past year (461.6%) exceeded the Semiconductor industry -20.9%.


Return on Equity

High ROE: NOD's Return on Equity (5.4%) is considered low.


Next Steps

Financial Health

How is Nordic Semiconductor's financial position?


Financial Position Analysis

Short Term Liabilities: NOD's short term assets ($250.1M) exceed its short term liabilities ($96.9M).

Long Term Liabilities: NOD's short term assets ($250.1M) exceed its long term liabilities ($16.6M).


Debt to Equity History and Analysis

Debt Level: NOD's debt to equity ratio (17.1%) is considered satisfactory.

Reducing Debt: NOD's debt to equity ratio has increased from 0.2% to 17.1% over the past 5 years.

Debt Coverage: NOD's debt is well covered by operating cash flow (48.9%).

Interest Coverage: NOD earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Nordic Semiconductor's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: NOD is not paying a notable dividend for the Norwegian market.


Future Payout to Shareholders

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


Next Steps

Management

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

10.4yrs

Average management tenure


CEO

Svenn-Tore Larsen (60yo)

18.33yrs

Tenure

US$583,000

Compensation

Mr. Svenn-Tore Larsen has been the Chief Executive Officer of Nordic Semiconductor ASA since February 2002. Mr. Larsen has been Director at poLight AS since May 28, 2019. Mr. Larsen has broad Inter-Nationa ...


CEO Compensation Analysis

Compensation vs Market: Svenn-Tore's total compensation ($USD583.00K) is about average for companies of similar size in the Norwegian market ($USD641.76K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Svenn-Tore Larsen
Chief Executive Officer18.33yrsUS$583.00k1.08% $127.7m
Pål Elstad
Chief Financial Officer5.75yrsUS$368.00k0.0050% $592.6k
Svein-Egil Nielsen
CTO & Strategy Directorno dataUS$412.00k0.0096% $1.1m
Ståle Ytterdal
Director of Investor Relation & Strategic Salesno dataUS$389.00k0.14% $16.3m
Marianne Frydenlund
Legal Director & Acting Secretary2.33yrsUS$190.00k0.0011% $133.7k
Geir Langeland
Sales & Marketing Director14.75yrsUS$382.00k0.10% $11.9m
Katarina Finneng
Human Resource Director0.75yrUS$210.00kno data
Ebbe Rømcke
Quality Director18.42yrsUS$253.00k0.039% $4.6m
Ole-Fredrik Morken
Supply Chain Director10.42yrsUS$427.00k0.091% $10.7m
Kjetil Holstad
Director of Project Managementno dataUS$188.00k0.0037% $442.4k

10.4yrs

Average Tenure

49yo

Average Age

Experienced Management: NOD's management team is seasoned and experienced (10.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Birger Steen
Chair of the Board of Directors1.5yrsUS$104.00k0.096% $11.4m
Jan Frykhammar
Director1.17yrsUS$50.00k0.0093% $1.1m
Anita Huun
Director1.17yrsUS$40.00k0.0057% $669.5k
Jon Nistad
Employee Representative Directorno dataUS$11.00kno data
Morten Dammen
Employee Representative Directorno dataUS$9.00kno data
Inger Ørstavik
Director3.17yrsUS$50.00k0.0019% $229.5k
Susheel Nuguru
Employee Representative Director2.42yrsUS$11.00kno data
Endre Holen
Director1.17yrsUS$53.00k0.089% $10.5m
Øyvind Birkenes
Director1.17yrsUS$45.00k0.0042% $492.1k
Annastiina Hintsa
Director1.17yrsUS$37.00kno data

1.2yrs

Average Tenure

46.5yo

Average Age

Experienced Board: NOD's board of directors are not considered experienced ( 1.2 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: NOD 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

Nordic Semiconductor ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nordic Semiconductor ASA
  • Ticker: NOD
  • Exchange: OB
  • Founded: 1983
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: kr11.829b
  • Shares outstanding: 176.56m
  • Website: https://www.nordicsemi.com

Number of Employees


Location

  • Nordic Semiconductor ASA
  • Otto Nielsens veg 12
  • Trondheim
  • Sør-Trøndelag
  • 7052
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NODOB (Oslo Bors)YesRegistered SharesNONOKMay 1996
0FF9LSE (London Stock Exchange)YesRegistered SharesGBNOKMay 1996
NDCV.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDMay 1996
NODoBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBNOKMay 1996

Biography

Nordic Semiconductor ASA, a fabless semiconductor company, designs, develops, and sells integrated circuits and related solutions for short and long range wireless communication in Europe, the Americas, and the Asia/Pacific. The company specializes in ultra-low power components, based on its proprietary 2.4 GHz RF, Bluetooth low energy, and LTE-M and NB- Internet of Things (IoT); and develops long power cellular IoT. It also provides Bluetooth 5 solutions; low power cellular devices for the IoT; and Bluetooth 5.1 solutions for direction finding applications. In addition, the company offers Zigbee 3.0 IoT solutions; Thread solution for low-power IEEE 802.15.4 devices; nRF52 and nRF51 series system-on-chips, and nRF5 software development kits; ANT, a proprietary ultra-low power wireless solution for battery operated products; and application specific integrated circuits and related consulting services. Further, it provides software for system development, communication stacks, and application layer software, as well as development tools for desktops, mobiles, and clouds. The company’s products are used in various applications, such as audio and music, automotives, beacons, computer peripherals, connected health and homes, education, industrial automation, LED lightings, logistics and transport, retail and payment, sports and fitness, toys and gaming, virtual reality and augmented reality products, mobile phone accessories, and consumer electronics, as well as wearables, including connected watches, jewelry, proximity tags, and smart clothes and apparels. Nordic Semiconductor ASA was founded in 1983 and is headquartered in Trondheim, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/03 20:33
End of Day Share Price2020/06/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.