poLight ASA develops photographic lens for consumer devices and industrial applications.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr114.40|
|52 Week High||kr54.50|
|52 Week Low||kr255.50|
|1 Month Change||-26.10%|
|3 Month Change||-37.14%|
|1 Year Change||25.71%|
|3 Year Change||128.80%|
|5 Year Change||n/a|
|Change since IPO||128.80%|
Recent News & Updates
|PLT||NO Electronic||NO Market|
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.
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
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
|PLT fundamental statistics|
Is PLT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PLT income statement (TTM)|
|Cost of Revenue||kr2.11m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 29, 2021
|Earnings per share (EPS)||-5.65|
|Net Profit Margin||-921.33%|
How did PLT perform over the long term?See historical performance and comparison
Is poLight undervalued compared to its fair value and its price relative to the market?
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).
How is poLight forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has poLight performed over the past 5 years?
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.
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%.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Øyvind Isaksen (58 yo)
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.
Experienced Management: PLT's management team is seasoned and experienced (5.6 years average tenure).
Experienced Board: PLT's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.4%.
poLight ASA's employee growth, exchange listings and data sources
- 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
- poLight ASA
- Kongeveien 77
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 21:21|
|End of Day Share Price||2021/09/27 00:00|
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.