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IDEX

IDEX Biometrics OB:IDEX Stock Report

Last Price

kr0.78

Market Cap

kr790.0m

7D

4.8%

1Y

-66.7%

Updated

04 Oct, 2022

Data

Company Financials +
IDEX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

IDEX Stock Overview

IDEX Biometrics ASA engages in the design, development, and sale of fingerprint authentication solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific regions.

IDEX Biometrics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IDEX Biometrics
Historical stock prices
Current Share Pricekr0.78
52 Week Highkr3.82
52 Week Lowkr0.68
Beta2.31
1 Month Change-7.44%
3 Month Change-28.34%
1 Year Change-66.66%
3 Year Change-48.37%
5 Year Change-87.68%
Change since IPO-99.82%

Recent News & Updates

Sep 11
Here's Why IDEX Biometrics (OB:IDEX) Must Use Its Cash Wisely

Here's Why IDEX Biometrics (OB:IDEX) Must Use Its Cash Wisely

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...

Shareholder Returns

IDEXNO ElectronicNO Market
7D4.8%3.1%2.0%
1Y-66.7%-35.8%-3.5%

Return vs Industry: IDEX underperformed the Norwegian Electronic industry which returned -35.8% over the past year.

Return vs Market: IDEX underperformed the Norwegian Market which returned -3.5% over the past year.

Price Volatility

Is IDEX's price volatile compared to industry and market?
IDEX volatility
IDEX Average Weekly Movement10.0%
Electronic Industry Average Movement7.6%
Market Average Movement6.8%
10% most volatile stocks in NO Market11.3%
10% least volatile stocks in NO Market3.8%

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
1996106Vince Grazianihttps://www.idexbiometrics.com

IDEX Biometrics ASA engages in the design, development, and sale of fingerprint authentication solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific regions. The company’s fingerprint authentication solutions are used primarily in contactless financial payment, access control, and smart cards, as well as card-based devices for the storage of digital currencies. It primarily serves manufacturers of smart cards for financial payment applications and biometric payment card markets.

IDEX Biometrics Fundamentals Summary

How do IDEX Biometrics's earnings and revenue compare to its market cap?
IDEX fundamental statistics
Market Capkr790.00m
Earnings (TTM)-kr367.54m
Revenue (TTM)kr37.88m

20.9x

P/S Ratio

-2.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IDEX income statement (TTM)
RevenueUS$3.62m
Cost of RevenueUS$2.44m
Gross ProfitUS$1.18m
Other ExpensesUS$36.26m
Earnings-US$35.09m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 10, 2022

Earnings per share (EPS)-0.035
Gross Margin32.52%
Net Profit Margin-970.30%
Debt/Equity Ratio0%

How did IDEX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IDEX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

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

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IDEX?

Other financial metrics that can be useful for relative valuation.

IDEX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue16.6x
Enterprise Value/EBITDA-1.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does IDEX's PS Ratio compare to its peers?

IDEX PS Ratio vs Peers
The above table shows the PS ratio for IDEX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.3x
STRO StrongPoint
0.7x14.9%kr795.4m
AIRX Airthings
2x18.7%kr761.2m
QFR Q-Free
0.8x9.8%kr686.4m
NORBT Norbit
1.5x15.0%kr1.5b
IDEX IDEX Biometrics
20.9x162.8%kr790.0m

Price-To-Sales vs Peers: IDEX is expensive based on its Price-To-Sales Ratio (20.9x) compared to the peer average (1.3x).


Price to Earnings Ratio vs Industry

How does IDEX's PE Ratio compare vs other companies in the European Electronic Industry?

Price-To-Sales vs Industry: IDEX is expensive based on its Price-To-Sales Ratio (20.9x) compared to the European Electronic industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is IDEX'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.

IDEX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio20.9x
Fair PS Ratio144.6x

Price-To-Sales vs Fair Ratio: IDEX is good value based on its Price-To-Sales Ratio (20.9x) compared to the estimated Fair Price-To-Sales Ratio (144.6x).


Share Price vs Fair Value

What is the Fair Price of IDEX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate IDEX's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IDEX'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: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


91.9%

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 (162.8% per year) is forecast to grow faster than the Norwegian market (0.3% per year).

High Growth Revenue: IDEX's revenue (162.8% 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


Discover growth companies

Past Performance

How has IDEX Biometrics performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-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 (11.7%).


Return on Equity

High ROE: IDEX has a negative Return on Equity (-154.2%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is IDEX Biometrics's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: IDEX's short term assets ($21.5M) exceed its short term liabilities ($2.7M).

Long Term Liabilities: IDEX has no long term liabilities.


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 grow at historical rates of 0.6% each year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

IDEX Biometrics Dividend Yield vs Market
How does IDEX Biometrics dividend yield compare to the market?
SegmentDividend Yield
Company (IDEX Biometrics)n/a
Market Bottom 25% (NO)3.7%
Market Top 25% (NO)7.7%
Industry Average (Electronic)1.9%
Analyst forecast in 3 Years (IDEX Biometrics)n/a

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.


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 IDEX has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Vince Graziani (61 yo)

2.67yrs

Tenure

US$595,000

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

Vince Graziani's Compensation vs IDEX Biometrics Earnings
How has Vince Graziani's remuneration changed compared to IDEX Biometrics's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$35m

Mar 31 2022n/an/a

-US$33m

Dec 31 2021US$595kUS$400k

-US$33m

Sep 30 2021n/an/a

-US$30m

Jun 30 2021n/an/a

-US$29m

Mar 31 2021n/an/a

-US$28m

Dec 31 2020US$455kUS$312k

-US$27m

Compensation vs Market: Vince's total compensation ($USD595.00K) is above average for companies of similar size in the Norwegian market ($USD331.29K).

Compensation vs Earnings: Vince's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: IDEX's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: IDEX's board of directors are considered experienced (7.4 years average tenure).


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.


Ownership Breakdown

What is the ownership structure of IDEX?
Owner TypeNumber of SharesOwnership Percentage
Public Companies24,421,7942.4%
Individual Insiders46,185,0374.5%
Private Companies96,114,3699.5%
Institutions417,012,60241.0%
General Public432,346,61542.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.5%.


Top Shareholders

Top 25 shareholders own 56.95% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.15%
Societe Generale Group, Banking Investments
72,660,606$56.5m0%0.05%
6.74%
Sundt AS
68,507,977$53.3m0%2.95%
5.21%
Sundvall Holding AS
52,964,051$41.2m0%no data
4.43%
Schroder Investment Management Limited
45,030,909$35.0m0%no data
4.4%
Goldman Sachs Group, Investment Banking and Securities Investments
44,717,305$34.8m0%no data
3.69%
BNY Mellon Asset Management
37,524,450$29.2m0%no data
3.58%
Amundi Asset Management
36,357,688$28.3m0%no data
3.16%
Robert Keith
32,139,394$25.0m0%no data
2.56%
Middelborg Invest AS
25,968,945$20.2m0%9.91%
2.36%
Alden AS
24,000,000$18.7m0%no data
2.3%
Citigroup Inc.,Banking and Securities Investments
23,380,322$18.2m0%no data
1.63%
UBS Asset Management
16,511,305$12.8m0.05%no data
1.23%
Norda ASA
12,453,554$9.7m0%no data
1.18%
Tigerstaden AS
12,000,000$9.3m0%2.71%
1.18%
Glory Sun Financial Group Limited
11,968,240$9.3m0%no data
1.11%
DNB Asset Management AS
11,297,904$8.8m0%no data
1.05%
Colargol Invest AS
10,650,318$8.3m0%no data
1.04%
Royal Bank of Canada, Banking & Securities Investments
10,521,348$8.2m0%no data
0.84%
F2 Funds AS
8,500,000$6.6m0%no data
0.73%
Morten Opstad
7,398,916$5.8m0%no data
0.57%
Storebrand Asset Management AS
5,787,382$4.5m0%no data
0.28%
Dimensional Fund Advisors LP
2,821,953$2.2m4.21%no data
0.18%
State Street Global Advisors, Inc.
1,872,753$1.5m2.11%no data
0.18%
Vincent Graziani
1,825,725$1.4m32.71%no data
0.18%
Xact Kapitalförvaltning AB
1,813,405$1.4m0%no data

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
  • Implied Market Cap: kr790.003m
  • Shares outstanding: 1.02b
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.