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PLT

poLight OB:PLT Stock Report

Last Price

kr20.20

Market Cap

kr1.0b

7D

5.8%

1Y

-10.1%

Updated

29 Sep, 2022

Data

Company Financials
PLT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

PLT Stock Overview

poLight ASA develops optical lens for consumer devices and industrial applications.

poLight Competitors

Price History & Performance

Summary of all time highs, changes and price drops for poLight
Historical stock prices
Current Share Pricekr20.20
52 Week Highkr39.28
52 Week Lowkr17.05
Beta1.48
1 Month Change-6.98%
3 Month Change-14.22%
1 Year Change-10.14%
3 Year Change317.36%
5 Year Changen/a
Change since IPO102.00%

Recent News & Updates

May 13
We're Not Very Worried About poLight's (OB:PLT) Cash Burn Rate

We're Not Very Worried About poLight's (OB:PLT) Cash Burn Rate

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

Jan 11
We Think poLight (OB:PLT) Can Easily Afford To Drive Business Growth

We Think poLight (OB:PLT) Can Easily Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Shareholder Returns

PLTNO ElectronicNO Market
7D5.8%-3.9%-6.3%
1Y-10.1%-40.1%-7.0%

Return vs Industry: PLT exceeded the Norwegian Electronic industry which returned -40% over the past year.

Return vs Market: PLT underperformed the Norwegian Market which returned -4.5% over the past year.

Price Volatility

Is PLT's price volatile compared to industry and market?
PLT volatility
PLT Average Weekly Movement4.4%
Electronic Industry Average Movement7.7%
Market Average Movement6.7%
10% most volatile stocks in NO Market11.2%
10% least volatile stocks in NO Market3.8%

Stable Share Price: PLT is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PLT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200522Øyvind Isaksenhttps://polight.com

poLight ASA develops optical lens for consumer devices and industrial applications. Its lens replicates the lens of the human eye enabling the implementation of autofocus functions for various applications. Its product portfolio includes Tunable Optical Lens (TLens) products; Tlens Silver and Tlens Silver Premium; and ASIC drivers that control the supply of variable voltage to Tlens products and makes them to change focus.

poLight Fundamentals Summary

How do poLight's earnings and revenue compare to its market cap?
PLT fundamental statistics
Market Capkr1.05b
Earnings (TTM)-kr52.08m
Revenue (TTM)kr9.60m

109.3x

P/S Ratio

-20.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PLT income statement (TTM)
Revenuekr9.60m
Cost of Revenuekr3.67m
Gross Profitkr5.93m
Other Expenseskr58.00m
Earnings-kr52.08m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 03, 2022

Earnings per share (EPS)-1.00
Gross Margin61.75%
Net Profit Margin-542.46%
Debt/Equity Ratio0%

How did PLT perform over the long term?

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

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book 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 PLT?

Other financial metrics that can be useful for relative valuation.

PLT 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/Revenue96.8x
Enterprise Value/EBITDA-17.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does PLT's PB Ratio compare to its peers?

PLT PB Ratio vs Peers
The above table shows the PB ratio for PLT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.1x
IDEX IDEX Biometrics
2.8x91.9%kr694.5m
NORBT Norbit
2.7xn/akr1.4b
STRO StrongPoint
1.5x44.5%kr759.2m
AIRX Airthings
1.3x67.9%kr755.2m
PLT poLight
5.9xn/akr1.0b

Price-To-Book vs Peers: PLT is expensive based on its Price-To-Book Ratio (5.9x) compared to the peer average (2.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: PLT is expensive based on its Price-To-Book Ratio (5.9x) compared to the European Electronic industry average (1.7x)


Price to Book Ratio vs Fair Ratio

What is PLT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PLT PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio5.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PLT's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate PLT'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 poLight forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


40.4%

Forecasted Tech industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as poLight has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine poLight's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • poLight competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has poLight 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


0.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PLT is currently unprofitable.

Growing Profit Margin: PLT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PLT is unprofitable, but has reduced losses over the past 5 years at a rate of 0.4% per year.

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

Earnings vs Industry: PLT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (11.1%).


Return on Equity

High ROE: PLT has a negative Return on Equity (-29.24%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is poLight's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PLT's short term assets (NOK166.6M) exceed its short term liabilities (NOK24.3M).

Long Term Liabilities: PLT's short term assets (NOK166.6M) exceed its long term liabilities (NOK3.4M).


Debt to Equity History and Analysis

Debt Level: PLT is debt free.

Reducing Debt: PLT has no debt compared to 5 years ago when its debt to equity ratio was 1.3%.


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: PLT has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PLT has sufficient cash runway for 2 years if free cash flow continues to grow at historical rates of 11.5% each year.


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Dividend

What is poLight 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

poLight Dividend Yield vs Market
How does poLight dividend yield compare to the market?
SegmentDividend Yield
Company (poLight)n/a
Market Bottom 25% (NO)3.8%
Market Top 25% (NO)8.0%
Industry Average (Electronic)2.0%
Analyst forecast in 3 Years (poLight)n/a

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

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

Growing Dividend: Insufficient data to determine if PLT'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 PLT has not reported any payouts.


Discover strong dividend paying companies

Management

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

6.6yrs

Average management tenure


CEO

Øyvind Isaksen (59 yo)

8.08yrs

Tenure

kr5,653,000

Compensation

Dr. Øyvind Isaksen, MSc. (Ph D.,) serves as the Chief Executive Officer of poLight AS since August 2014. Dr. Isaksen served as the Chief Executive Officer of Q-Free ASA since December 14, 2006 until Januar...


CEO Compensation Analysis

Øyvind Isaksen's Compensation vs poLight Earnings
How has Øyvind Isaksen's remuneration changed compared to poLight's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-kr52m

Mar 31 2022n/an/a

-kr51m

Dec 31 2021kr6mkr3m

-kr53m

Sep 30 2021n/an/a

-kr58m

Jun 30 2021n/an/a

-kr58m

Mar 31 2021n/an/a

-kr55m

Dec 31 2020kr6mkr3m

-kr51m

Sep 30 2020n/an/a

-kr73m

Jun 30 2020n/an/a

-kr82m

Mar 31 2020n/an/a

-kr82m

Dec 31 2019kr5mkr3m

-kr78m

Sep 30 2019n/an/a

-kr59m

Jun 30 2019n/an/a

-kr76m

Mar 31 2019n/an/a

-kr77m

Dec 31 2018kr6mkr2m

-kr77m

Sep 30 2018n/an/a

-kr82m

Jun 30 2018n/an/a

-kr61m

Mar 31 2018n/an/a

-kr55m

Dec 31 2017kr2mkr2m

-kr51m

Compensation vs Market: Øyvind's total compensation ($USD526.60K) is above average for companies of similar size in the Norwegian market ($USD322.95K).

Compensation vs Earnings: Øyvind's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PLT's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: PLT's board of directors are considered experienced (3.3 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 PLT?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders1,482,5802.9%
Institutions7,390,76814.2%
Private Companies10,144,29019.5%
General Public13,128,57725.3%
VC/PE Firms19,806,48538.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 21 shareholders own 74.73% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
28.03%
Investinor AS
14,562,360NOK294.2m0%85.53%
17.13%
Investinor Direkte AS
8,899,290NOK179.8m0%no data
10.09%
Industrifonden
5,244,125NOK105.9m0%12.81%
5.1%
Nordnet AB (publ), Asset Management Arm
2,650,065NOK53.5m0%0.76%
4.1%
Nordnet Pensionsförsäkring Ab, Asset Management Arm
2,129,110NOK43.0m0%1.25%
3.29%
Nordea Investment Management AB
1,710,550NOK34.6m0%no data
1.51%
Pareto Forvaltning AS
785,545NOK15.9m0%0.13%
0.96%
LHH AS
500,000NOK10.1m0%no data
0.86%
Wiseth Holding AS
447,500NOK9.0m0%no data
0.64%
Stefan Sveen
332,500NOK6.7m0%no data
0.57%
Fjellstuens Eftf. AS
297,500NOK6.0m0%no data
0.55%
Kjell Mossefin
286,790NOK5.8m0%no data
0.54%
Trond Andersen
279,800NOK5.7m0%no data
0.54%
Asbjørn Buanes
278,655NOK5.6m0%no data
0.52%
Erik Schellhorn
269,005NOK5.4m0%no data
0.13%
Xact Kapitalförvaltning AB
66,455NOK1.3m0%no data
0.093%
Dimensional Fund Advisors LP
48,400NOK977.7k-0.38%no data
0.033%
Alf Bekkevik
16,895NOK341.3k0%no data
0.026%
Marianne Sandal
13,335NOK269.4k0%no data
0.011%
Pierre Craen
5,600NOK113.1k0%no data
0.0012%
State Street Global Advisors, Inc.
643NOK13.0k11.05%no data

Company Information

poLight ASA's employee growth, exchange listings and data sources


Key Information

  • Name: poLight ASA
  • Ticker: PLT
  • Exchange: OB
  • Founded: 2005
  • Industry: Electronic Components
  • Sector: Tech
  • Implied Market Cap: kr1.049b
  • Shares outstanding: 51.95m
  • Website: https://polight.com

Number of Employees


Location

  • poLight ASA
  • Innlaget 230
  • Skoppum
  • Vestfold
  • 3185
  • Norway


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLTOB (Oslo Bors)YesOrdinary SharesNONOKOct 2018
3OL0DB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2018

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 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.