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
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
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
| IDEX | Industry | Market | |
|---|---|---|---|
| 7 Day | -16.6% | -6.5% | 1.1% |
| 30 Day | 7.8% | 2.4% | 2.9% |
| 90 Day | -7.9% | 10.8% | 13.0% |
| 1 Year | 386.2%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
5 days ago | Simply Wall St
Chief Executive Officer Vincent Graziani Just Bought 19% More Shares In IDEX Biometrics ASA (OB:IDEX)1 week ago | Simply Wall St
Did The Underlying Business Drive IDEX Biometrics' (OB:IDEX) Lovely 324% Share Price Gain?3 months ago | Simply Wall St
What You Need To Know About IDEX Biometrics ASA's (OB:IDEX) Investor CompositionValuation
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
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Financial Officer | 1.67yrs | US$290.84k | 0.087% $ 2.2m | |
| Chief Technology Officer | 2yrs | US$355.60k | 0.027% $ 691.2k | |
| Executive Vice President of Advanced Technology and Strategy | 4.42yrs | US$1.04m | 0.13% $ 3.2m | |
| Chief Innovation Officer | 2yrs | US$414.00k | 0.0055% $ 138.6k | |
| Chief Executive Officer | 1.08yrs | no data | 0.10% $ 2.7m | |
| Co-Founder | 24.67yrs | no data | no data | |
| Vice President of Operations & Program Management | no data | no data | no data | |
| Director of Investor Relations & Communications | no data | no data | no data | |
| Vice President of Sales & Marketing | 0.67yr | US$238.22k | no data | |
| Vice President of Human Resources | 1.92yrs | no data | no data | |
| Senior Vice President of Silicon & Sensor Technologies | 1.92yrs | no data | no data | |
| Senior VP of Product Management & Business Development | 0.17yr | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Strategy Advisory Council & Deputy Chairman of Board | 2.17yrs | US$34.00k | 0.030% $ 752.2k | |
| Independent Director | 1.83yrs | no data | 0.083% $ 2.1m | |
| Member of Strategy Advisory Council | 6.67yrs | no data | no data | |
| Independent Director | 0.42yr | no data | 0.030% $ 761.8k | |
| Chairman of the Board | 24yrs | US$43.00k | 0.81% $ 20.5m | |
| Independent Director | 13.25yrs | US$39.00k | 0.053% $ 1.4m | |
| Independent Director | 5.83yrs | US$41.00k | 0.062% $ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IDEX | OB (Oslo Bors) | Yes | Ordinary Shares | NO | NOK | Nov 1997 |
| IDXA.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Nov 1997 |
| 0MTP | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | NOK | Nov 1997 |
| I8X | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 1997 |
| IDEXO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | NOK | Nov 1997 |
| IDBA | NasdaqCM (Nasdaq Capital Market) | SPONSORED ADR | US | USD | Mar 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 17:20 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.