OB:IDEX

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IDEX Biometrics

Executive Summary

IDEX Biometrics ASA engages in the design, development, and sale of fingerprint identification and authentication solutions in Europe, the Middle East, Africa, the Americas, and Asia. More Details


Snowflake Analysis

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

How has IDEX Biometrics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IDEX is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: IDEX's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.


Market Performance


7 Day Return

-16.6%

IDEX

-6.5%

NO Electronic

1.1%

NO Market


1 Year Return

386.2%

IDEX

114.3%

NO Electronic

39.7%

NO Market

Return vs Industry: IDEX exceeded the Norwegian Electronic industry which returned 105.4% over the past year.

Return vs Market: IDEX exceeded the Norwegian Market which returned 26.1% over the past year.


Shareholder returns

IDEXIndustryMarket
7 Day-16.6%-6.5%1.1%
30 Day7.8%2.4%2.9%
90 Day-7.9%10.8%13.0%
1 Year386.2%386.2%119.2%114.3%45.1%39.7%
3 Year-45.1%-45.1%-31.6%-33.0%19.5%5.7%
5 Year-71.4%-71.4%-58.5%-59.1%78.0%43.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: IDEX is overvalued based on its PB Ratio (20.4x) compared to the NO Electronic industry average (4.2x).


Next Steps

Future Growth

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

9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: IDEX's revenue (108.7% per year) is forecast to grow faster than the Norwegian market (7.3% per year).

High Growth Revenue: IDEX's revenue (108.7% 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 IDEX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has IDEX Biometrics performed over the past 5 years?

-1.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IDEX is currently unprofitable.

Growing Profit Margin: IDEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IDEX is unprofitable, and losses have increased over the past 5 years at a rate of 1% per year.

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

Earnings vs Industry: IDEX is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-2%).


Return on Equity

High ROE: IDEX has a negative Return on Equity (-213.79%), as it is currently unprofitable.


Next Steps

  • Explore strong past performing companies in the Tech industry.

Financial Health

How is IDEX Biometrics's financial position?


Financial Position Analysis

Short Term Liabilities: IDEX's short term assets ($10.8M) exceed its short term liabilities ($4.2M).

Long Term Liabilities: IDEX's short term assets ($10.8M) exceed its long term liabilities ($327.0K).


Debt to Equity History and Analysis

Debt Level: IDEX is debt free.

Reducing Debt: IDEX has not had any debt for past 5 years.


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: IDEX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: IDEX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 1.5% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

1.9yrs

Average management tenure


CEO

Vince Graziani (60 yo)

1.08yrs

Tenure

Mr. Vincent Graziani, also known as Vince, has been Chief Executive Officer of Sand 9 Inc. since February 2010 and serves as its President. Mr. Graziani serves as Chief Executive Officer at IDEX Biometrics...


Leadership Team

NamePositionTenureCompensationOwnership
Derek D'Antilio
Chief Financial Officer1.67yrsUS$290.84k0.087%
$ 2.2m
Anthony Eaton
Chief Technology Officer2yrsUS$355.60k0.027%
$ 691.2k
Stanley Swearingen
Executive Vice President of Advanced Technology and Strategy4.42yrsUS$1.04m0.13%
$ 3.2m
Fred Benkley
Chief Innovation Officer2yrsUS$414.00k0.0055%
$ 138.6k
Vincent Graziani
Chief Executive Officer1.08yrsno data0.10%
$ 2.7m
Svein Mathiassen
Co-Founder24.67yrsno datano data
Paul Taylor
Vice President of Operations & Program Managementno datano datano data
Stuart Hunt
Director of Investor Relations & Communicationsno datano datano data
Art Stewart
Vice President of Sales & Marketing0.67yrUS$238.22kno data
Sarah Mathews
Vice President of Human Resources1.92yrsno datano data
Chris Ludden
Senior Vice President of Silicon & Sensor Technologies1.92yrsno datano data
Brian Roberts
Senior VP of Product Management & Business Development0.17yrno datano data

1.9yrs

Average Tenure

60yo

Average Age

Experienced Management: IDEX's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Lawrence Ciaccia
Chairman of the Strategy Advisory Council & Deputy Chairman of Board2.17yrsUS$34.00k0.030%
$ 752.2k
Stephen Skaggs
Independent Director1.83yrsno data0.083%
$ 2.1m
Michael Barrett
Member of Strategy Advisory Council6.67yrsno datano data
Thomas Quindlen
Independent Director0.42yrno data0.030%
$ 761.8k
Morten Opstad
Chairman of the Board24yrsUS$43.00k0.81%
$ 20.5m
Hanne Høvding
Independent Director13.25yrsUS$39.00k0.053%
$ 1.4m
Deborah Davis
Independent Director5.83yrsUS$41.00k0.062%
$ 1.6m

5.8yrs

Average Tenure

59yo

Average Age

Experienced Board: IDEX's board of directors are considered experienced (5.8 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.6%.


Top Shareholders

Company Information

IDEX Biometrics ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IDEX Biometrics ASA
  • Ticker: IDEX
  • Exchange: OB
  • Founded: 1996
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: kr2.538b
  • Shares outstanding: 916.42m
  • Website: https://www.idexbiometrics.com

Number of Employees


Location

  • IDEX Biometrics ASA
  • Dronning Eufemias gate 16
  • Oslo
  • Oslo
  • 191
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IDEXOB (Oslo Bors)YesOrdinary SharesNONOKNov 1997
IDXA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1997
0MTPLSE (London Stock Exchange)YesOrdinary SharesGBNOKNov 1997
I8XDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1997
IDEXOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKNov 1997
IDBANasdaqCM (Nasdaq Capital Market)SPONSORED ADRUSUSDMar 2021

Biography

IDEX Biometrics ASA engages in the design, development, and sale of fingerprint identification and authentication solutions in Europe, the Middle East, Africa, the Americas, and Asia. The company offers ID...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 17:20
End of Day Share Price2021/03/08 00:00
Earnings2020/12/31
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.