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AIRX

AirthingsOB:AIRX Stock Report

Market Cap

kr1.8b

7D

-0.4%

1Y

n/a

Updated

27 Sep, 2021

Data

Company Financials +
AIRX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

AIRX Overview

Airthings ASA, together with its subsidiaries, develops, produces, markets, and sells radon measurement, indoor air quality, and energy efficiency monitors worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for Airthings
Historical stock prices
Current Share Pricekr10.62
52 Week Highkr8.11
52 Week Lowkr15.70
Beta0
1 Month Change25.09%
3 Month Change21.65%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO6.20%

Recent News & Updates

Shareholder Returns

AIRXNO ElectronicNO Market
7D-0.4%3.9%4.0%
1Yn/a31.3%25.1%

Return vs Industry: Insufficient data to determine how AIRX performed against the Norwegian Electronic industry.

Return vs Market: Insufficient data to determine how AIRX performed against the Norwegian Market.

Price Volatility

Is AIRX's price volatile compared to industry and market?
AIRX volatility
AIRX Beta0
Industry Beta1.23
Market Beta1

Stable Share Price: AIRX is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: AIRX's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
2008124Oyvind Birkeneshttps://www.airthings.com

Airthings ASA, together with its subsidiaries, develops, produces, markets, and sells radon measurement, indoor air quality, and energy efficiency monitors worldwide. The company operates through Consumer, Airthings for Business, and Pro segments. It offers digital radon detectors, as well as smart indoor air quality monitors and solutions for homes, schools, offices, restaurants, and other commercial buildings.

Airthings Fundamentals Summary

How do Airthings's earnings and revenue compare to its market cap?
AIRX fundamental statistics
Market Capkr1.82b
Earnings (TTM)-kr74.43m
Revenue (TTM)kr251.69m

7.2x

P/S Ratio

-24.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AIRX income statement (TTM)
Revenuekr251.69m
Cost of Revenuekr87.63m
Gross Profitkr164.06m
Expenseskr238.49m
Earnings-kr74.43m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)-0.43
Gross Margin65.18%
Net Profit Margin-29.57%
Debt/Equity Ratio0.0%

How did AIRX perform over the long term?

See historical performance and comparison

Valuation

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

2.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AIRX is good value based on its PB Ratio (3x) compared to the NO Electronic industry average (4x).


Future Growth

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

90.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIRX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: AIRX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AIRX's is expected to become profitable in the next 3 years.

Revenue vs Market: AIRX's revenue (41.7% per year) is forecast to grow faster than the Norwegian market (5.5% per year).

High Growth Revenue: AIRX's revenue (41.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AIRX's Return on Equity is forecast to be low in 3 years time (0.9%).


Past Performance

How has Airthings performed over the past 5 years?

-73.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIRX is currently unprofitable.

Growing Profit Margin: AIRX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AIRX is unprofitable, and losses have increased over the past 5 years at a rate of 73.9% per year.

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

Earnings vs Industry: AIRX is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (30.6%).


Return on Equity

High ROE: AIRX has a negative Return on Equity (-12.21%), as it is currently unprofitable.


Financial Health

How is Airthings's financial position?


Financial Position Analysis

Short Term Liabilities: AIRX's short term assets (NOK601.6M) exceed its short term liabilities (NOK62.1M).

Long Term Liabilities: AIRX's short term assets (NOK601.6M) exceed its long term liabilities (NOK9.8M).


Debt to Equity History and Analysis

Debt Level: AIRX is debt free.

Reducing Debt: AIRX 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: AIRX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: AIRX has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 52.6% each year


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if AIRX'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 AIRX'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?

0.4yrs

Average management tenure


CEO

Oyvind Birkenes

no data

Tenure

Mr. Oyvind Birkenes serves as the Chief Executive Officer of Airthings ASA. Mr. Birkenes was the General Manager for Low Power RF at Texas Instruments (TI) in the USA. At TI he headed the product lines tha...


Leadership Team

Experienced Management: AIRX's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AIRX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: AIRX only recently listed within the past 12 months.


Top Shareholders

Company Information

Airthings ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Airthings ASA
  • Ticker: AIRX
  • Exchange: OB
  • Founded: 2008
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: kr1.822b
  • Shares outstanding: 171.53m
  • Website: https://www.airthings.com

Number of Employees


Location

  • Airthings ASA
  • Wergelandsveien 7
  • Oslo
  • Oslo
  • 167
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 21:25
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.