AIRX Stock Overview
Airthings ASA, together with its subsidiaries, engages in the manufacture and sale of air quality sensors and hardware-enabled software products for air quality, radon measurement, and energy efficiency solutions worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr4.37|
|52 Week High||kr12.40|
|52 Week Low||kr3.25|
|1 Month Change||0.23%|
|3 Month Change||21.25%|
|1 Year Change||-56.52%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-56.35%|
Recent News & Updates
Is There An Opportunity With Airthings ASA's (OB:AIRX) 32% Undervaluation?
How far off is Airthings ASA ( OB:AIRX ) from its intrinsic value? Using the most recent financial data, we'll take a...
|AIRX||NO Electronic||NO Market|
Return vs Industry: AIRX underperformed the Norwegian Electronic industry which returned -40% over the past year.
Return vs Market: AIRX underperformed the Norwegian Market which returned -4.5% over the past year.
|AIRX Average Weekly Movement||8.5%|
|Electronic Industry Average Movement||7.7%|
|Market Average Movement||6.7%|
|10% most volatile stocks in NO Market||11.2%|
|10% least volatile stocks in NO Market||3.8%|
Stable Share Price: AIRX is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: AIRX's weekly volatility (8%) has been stable over the past year.
About the Company
Airthings ASA, together with its subsidiaries, engages in the manufacture and sale of air quality sensors and hardware-enabled software products for air quality, radon measurement, and energy efficiency solutions worldwide. The company operates through three segments: Consumer, Business, and Professional segments. It offers digital radon detectors, as well as smart indoor air quality monitors and solutions for professionals, homes, schools, offices, and other commercial buildings.
Airthings Fundamentals Summary
|AIRX fundamental statistics|
Is AIRX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AIRX income statement (TTM)|
|Cost of Revenue||US$14.38m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 27, 2022
|Earnings per share (EPS)||-0.054|
|Net Profit Margin||-26.47%|
How did AIRX perform over the long term?See historical performance and comparison
Is AIRX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AIRX?
Other financial metrics that can be useful for relative valuation.
|What is AIRX's n/a Ratio?|
Price to Sales Ratio vs Peers
How does AIRX's PS Ratio compare to its peers?
|AIRX PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
XPLRA Xplora Technologies
Price-To-Sales vs Peers: AIRX is expensive based on its Price-To-Sales Ratio (2x) compared to the peer average (1x).
Price to Earnings Ratio vs Industry
How does AIRX's PE Ratio compare vs other companies in the European Electronic Industry?
Price-To-Sales vs Industry: AIRX is expensive based on its Price-To-Sales Ratio (2x) compared to the European Electronic industry average (1.1x)
Price to Sales Ratio vs Fair Ratio
What is AIRX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||2x|
|Fair PS Ratio||2.5x|
Price-To-Sales vs Fair Ratio: AIRX is good value based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).
Share Price vs Fair Value
What is the Fair Price of AIRX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate AIRX's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate AIRX's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Airthings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AIRX is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: AIRX is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: AIRX is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: AIRX's revenue (18.7% per year) is forecast to grow faster than the Norwegian market (0.2% per year).
High Growth Revenue: AIRX's revenue (18.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AIRX is forecast to be unprofitable in 3 years.
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How has Airthings performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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 54.6% 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 (11.1%).
Return on Equity
High ROE: AIRX has a negative Return on Equity (-17.65%), as it is currently unprofitable.
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How is Airthings's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: AIRX's short term assets ($51.7M) exceed its short term liabilities ($10.3M).
Long Term Liabilities: AIRX's short term assets ($51.7M) exceed its long term liabilities ($3.1M).
Debt to Equity History and Analysis
Debt Level: AIRX is debt free.
Reducing Debt: AIRX had no debt 5 years ago.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AIRX has sufficient cash runway for 2.8 years if free cash flow continues to reduce at historical rates of 53.7% each year.
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What is Airthings's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Airthings Dividend Yield vs Market|
|Market Bottom 25% (NO)||3.8%|
|Market Top 25% (NO)||8.0%|
|Industry Average (Electronic)||2.0%|
|Analyst forecast in 3 Years (Airthings)||0%|
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as AIRX has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: AIRX's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: AIRX's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.
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
|16 Sep 22||Buykr1,040,000||Geir Forre||Individual||200,000||kr5.20|
|08 Sep 22||Buykr3,185,682||Firda As||Company||665,000||kr4.79|
|05 Sep 22||Buykr2,932,249||Firda As||Company||625,000||kr4.69|
|02 Sep 22||Buykr69,246||A Management AS||Company||15,388||kr4.50|
|31 Aug 22||Buykr4,005,899||Firda As||Company||900,000||kr4.45|
|22 Aug 22||Buykr1,303,904||Firda As||Company||270,452||kr4.82|
|19 Aug 22||Buykr1,013,672||Firda As||Company||220,000||kr4.61|
|19 Aug 22||Buykr89,800||Anders Follerås||Individual||20,000||kr4.49|
|18 Aug 22||Buykr75,425||Liv Dyrnes||Individual||17,500||kr4.31|
|18 Aug 22||Buykr1,033,694||Firda As||Company||235,000||kr4.40|
|17 Aug 22||Buykr41,000||Audhild Randa||Individual||10,000||kr4.10|
|17 Aug 22||Buykr1,100,759||Firda As||Company||255,000||kr4.32|
|18 Jul 22||Buykr888,849||Firda As||Company||250,000||kr3.56|
|18 Jul 22||Buykr202,280||Lauren Pedersen||Individual||52,000||kr3.89|
|15 Jul 22||Buykr1,049,671||Firda As||Company||300,000||kr3.50|
|14 Jul 22||Buykr1,578,760||Firda As||Company||461,707||kr3.42|
|10 Jun 22||Buykr1,568,155||Firda As||Company||374,816||kr4.18|
|09 Jun 22||Buykr59,775||Audhild Randa||Individual||15,000||kr3.99|
|09 Jun 22||Buykr3,486,909||Firda As||Company||875,184||kr3.98|
|30 May 22||Buykr200,000||Lauren Pedersen||Individual||40,000||kr5.00|
|24 May 22||Buykr1,976,480||Firda As||Company||415,000||kr4.76|
|19 May 22||Buykr499,475||Tore Rismyhr||Individual||100,500||kr4.97|
|13 May 22||Buykr848,081||Firda As||Company||166,147||kr5.10|
|09 May 22||Buykr2,018,509||Firda As||Company||354,000||kr5.70|
|05 May 22||Buykr65,200||Audhild Randa||Individual||10,000||kr6.52|
|05 May 22||Buykr3,719,422||Geir Forre||Individual||570,000||kr6.53|
|21 Feb 22||Buykr2,005,875||Firda As||Company||250,000||kr8.02|
|17 Feb 22||Buykr58,500||Audhild Randa||Individual||7,500||kr7.80|
|10 Feb 22||Buykr246,120||Lauren Pedersen||Individual||28,000||kr8.79|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Airthings ASA's employee growth, exchange listings and data sources
- Name: Airthings ASA
- Ticker: AIRX
- Exchange: OB
- Founded: 2008
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Implied Market Cap: kr755.185m
- Shares outstanding: 173.01m
- Website: https://www.airthings.com
Number of Employees
- Airthings ASA
- Wergelandsveien 7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|64J||MUN (Boerse Muenchen)||Yes||Share Capital||DE||EUR||Oct 2020|
|AIRX||OB (Oslo Bors)||Yes||Share Capital||NO||NOK||Oct 2020|
|ARTG.F||OTCPK (Pink Sheets LLC)||Yes||Share Capital||US||USD||Oct 2020|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 00:00|
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.