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IDEX

IDEX BiometricsOB:IDEX Stock Report

Market Cap

kr2.3b

7D

5.4%

1Y

22.8%

Updated

27 Sep, 2021

Data

Company Financials +
IDEX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

IDEX Overview

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.

IDEX Biometrics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IDEX Biometrics
Historical stock prices
Current Share Pricekr2.53
52 Week Highkr1.55
52 Week Lowkr3.50
Beta2.58
1 Month Change3.86%
3 Month Change20.36%
1 Year Change22.82%
3 Year Change-64.66%
5 Year Change-67.36%
Change since IPO-99.40%

Recent News & Updates

Shareholder Returns

IDEXNO ElectronicNO Market
7D5.4%3.9%4.0%
1Y22.8%31.3%25.1%

Return vs Industry: IDEX underperformed the Norwegian Electronic industry which returned 32.9% over the past year.

Return vs Market: IDEX underperformed the Norwegian Market which returned 26.4% over the past year.

Price Volatility

Is IDEX's price volatile compared to industry and market?
IDEX volatility
IDEX Beta2.58
Industry Beta1.23
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
199697Vince Grazianihttps://www.idexbiometrics.com

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 IDEX Biometrics for the biometrics smart card market, including biometric fingerprint sensors for use in dual interface, contactless only, and contact only smart cards; biometric fingerprint modules for contact based smart cards; and on-card enrollment solutions for remote in-person enrollment. It primarily serves biometric payment card market, as well as offers its products and solutions for other markets, including access control, identification, healthcare, and the Internet of Things.

IDEX Biometrics Fundamentals Summary

How do IDEX Biometrics's earnings and revenue compare to its market cap?
IDEX fundamental statistics
Market CapUS$270.46m
Earnings (TTM)-US$28.80m
Revenue (TTM)US$2.17m

125.2x

P/S Ratio

-9.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IDEX income statement (TTM)
RevenueUS$2.17m
Cost of RevenueUS$748.00k
Gross ProfitUS$1.42m
ExpensesUS$30.22m
Earnings-US$28.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)-0.031
Gross Margin65.48%
Net Profit Margin-1,329.21%
Debt/Equity Ratio0%

How did IDEX perform over the long term?

See historical performance and comparison

Valuation

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

10.81x

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 European 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 (10.8x) compared to the NO Electronic industry average (3.9x).


Future Growth

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

13.3%

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 (135.6% per year) is forecast to grow faster than the Norwegian market (5.6% per year).

High Growth Revenue: IDEX's revenue (135.6% 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


Past Performance

How has IDEX Biometrics performed over the past 5 years?

-1.4%

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 1.4% 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 (30.6%).


Return on Equity

High ROE: IDEX has a negative Return on Equity (-115.11%), as it is currently unprofitable.


Financial Health

How is IDEX Biometrics's financial position?


Financial Position Analysis

Short Term Liabilities: IDEX's short term assets ($22.9M) exceed its short term liabilities ($3.2M).

Long Term Liabilities: IDEX's short term assets ($22.9M) exceed its long term liabilities ($150.0K).


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 0.5% each year


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?

2.5yrs

Average management tenure


CEO

Vince Graziani (60 yo)

1.58yrs

Tenure

US$455,000

Compensation

Mr. Vincent Graziani, also known as Vince, had been Chief Executive Officer of Sand 9 Inc. since February 2010 until May 2015 and served as its President. Mr. Graziani serves as Chief Executive Officer at...


CEO Compensation Analysis

Compensation vs Market: Vince's total compensation ($USD455.00K) is about average for companies of similar size in the Norwegian market ($USD544.80K).

Compensation vs Earnings: Insufficient data to compare Vince's compensation with company performance.


Leadership Team

Experienced Management: IDEX's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: IDEX's board of directors are not considered experienced ( 2.3 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: Insufficient data to determine if 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 16.7%.


Top Shareholders

Company Information

IDEX Biometrics ASA's 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: kr2.326b
  • Shares outstanding: 919.51m
  • Website: https://www.idexbiometrics.com

Number of Employees


Location

  • IDEX Biometrics ASA
  • Dronning Eufemias gate 16
  • Oslo
  • Oslo
  • 191
  • 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 21:20
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.