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PLT

poLightOB:PLT Stock Report

Market Cap

kr1.2b

7D

7.7%

1Y

25.7%

Updated

27 Sep, 2021

Data

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

PLT Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for poLight
Historical stock prices
Current Share Pricekr114.40
52 Week Highkr54.50
52 Week Lowkr255.50
Beta1.17
1 Month Change-26.10%
3 Month Change-37.14%
1 Year Change25.71%
3 Year Change128.80%
5 Year Changen/a
Change since IPO128.80%

Recent News & Updates

Shareholder Returns

PLTNO ElectronicNO Market
7D7.7%-0.8%1.2%
1Y25.7%32.9%26.4%

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

Return vs Market: PLT exceeded the Norwegian Market which returned 26.4% over the past year.

Price Volatility

Is PLT's price volatile compared to industry and market?
PLT volatility
PLT Beta1.17
Industry Beta1.22
Market Beta1

Stable Share Price: PLT is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 12% a week.

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

About the Company

FoundedEmployeesCEOWebsite
200523Øyvind Isaksenhttps://polight.com

poLight ASA develops photographic 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; 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 Capkr1.17b
Earnings (TTM)-kr57.96m
Revenue (TTM)kr6.29m

186.7x

P/S Ratio

-20.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PLT income statement (TTM)
Revenuekr6.29m
Cost of Revenuekr2.11m
Gross Profitkr4.18m
Expenseskr62.14m
Earnings-kr57.96m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 29, 2021

Earnings per share (EPS)-5.65
Gross Margin66.40%
Net Profit Margin-921.33%
Debt/Equity Ratio0%

How did PLT perform over the long term?

See historical performance and comparison

Valuation

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

12.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PLT is overvalued based on its PB Ratio (12.8x) compared to the NO Electronic industry average (3.9x).


Future Growth

How is poLight forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

35.7%

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.


Past Performance

How has poLight performed over the past 5 years?

-9.1%

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, and losses have increased over the past 5 years at a rate of 9.1% 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 (30.6%).


Return on Equity

High ROE: PLT has a negative Return on Equity (-61.43%), as it is currently unprofitable.


Financial Health

How is poLight's financial position?


Financial Position Analysis

Short Term Liabilities: PLT's short term assets (NOK76.1M) exceed its short term liabilities (NOK22.2M).

Long Term Liabilities: PLT's short term assets (NOK76.1M) exceed its long term liabilities (NOK4.4M).


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 2.6%.


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 1.1 years if free cash flow continues to grow at historical rates of 8.7% each year.


Dividend

What is poLight current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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.


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 PLT'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?

5.6yrs

Average management tenure


CEO

Øyvind Isaksen (58 yo)

7.08yrs

Tenure

kr6,131,000

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

Compensation vs Market: Øyvind's total compensation ($USD711.95K) is above average for companies of similar size in the Norwegian market ($USD342.22K).

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


Leadership Team

Experienced Management: PLT's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: PLT'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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.4%.


Top Shareholders

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
  • Market Cap: kr1.174b
  • Shares outstanding: 10.26m
  • Website: https://polight.com

Number of Employees


Location

  • poLight ASA
  • Kongeveien 77
  • Horten
  • Vestfold
  • 3188
  • 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 21:21
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.