OB:PLT

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has poLight's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PLT is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PLT's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.


Market Performance


7 Day Return

23.6%

PLT

-6.5%

NO Electronic

1.1%

NO Market


1 Year Return

181.4%

PLT

114.3%

NO Electronic

39.7%

NO Market

Return vs Industry: PLT exceeded the Norwegian Electronic industry which returned 105.4% over the past year.

Return vs Market: PLT exceeded the Norwegian Market which returned 26.1% over the past year.


Shareholder returns

PLTIndustryMarket
7 Day23.6%-6.5%1.1%
30 Day78.6%2.4%2.9%
90 Day126.7%10.8%13.0%
1 Year181.4%181.4%119.2%114.3%45.1%39.7%
3 Yearn/a-31.6%-33.0%19.5%5.7%
5 Yearn/a-58.5%-59.1%78.0%43.7%

Long-Term Price Volatility Vs. Market

How volatile is poLight's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

11.43x

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 XE 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 (11.4x) compared to the NO Electronic industry average (4.2x).


Next Steps

Future Growth

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

16.2%

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.


Next Steps

Past Performance

How has poLight performed over the past 5 years?

-12.6%

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 12.6% 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 (-2%).


Return on Equity

High ROE: PLT has a negative Return on Equity (-39.7%), as it is currently unprofitable.


Next Steps

Financial Health

How is poLight's financial position?


Financial Position Analysis

Short Term Liabilities: PLT's short term assets (NOK96.3M) exceed its short term liabilities (NOK12.9M).

Long Term Liabilities: PLT has no long term liabilities.


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 5.3%.


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 1.4 years if free cash flow continues to grow at historical rates of 4.3% each year.


Next Steps

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?

5.1yrs

Average management tenure


CEO

Øyvind Isaksen (57 yo)

6.58yrs

Tenure

kr5,364,000

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 ($USD624.82K) is above average for companies of similar size in the Norwegian market ($USD368.03K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Øyvind Isaksen
Chief Executive Officer6.58yrskr5.36m0.27%
NOK 3.4m
Alf Bekkevik
Chief Financial Officer5.08yrskr1.83m0.037%
NOK 462.9k
Marianne Sandal
Chief Operating Officer4.83yrskr2.04m0.029%
NOK 365.3k
Pierre Craen
Chief Technology Officerno datakr2.15m0.012%
NOK 153.5k
Jon Ulvensøen
Vice President of Advance Technologyno datano datano data

5.1yrs

Average Tenure

Experienced Management: PLT's management team is seasoned and experienced (5.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Svenn-Tore Larsen
Independent Director1.83yrskr88.00kno data
Grethe Viksaas
Independent Director2.75yrskr263.00kno data
Ann-Tove Kongsnes
Deputy Chairno datakr263.00kno data
Eivind Bergsmyr
Independent Chairmanno datakr525.00kno data
Jan-Erik Hareid
Deputy Board Memberno datano datano data
Otto Frøseth
Deputy Board Memberno datano datano data
Juha Alakarhu
Independent Director1.83yrskr88.00kno data

1.8yrs

Average Tenure

61yo

Average Age

Experienced Board: PLT's board of directors are not considered experienced ( 1.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.5%.


Top Shareholders

Company Information

poLight ASA's company bio, 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: kr1.240b
  • Shares outstanding: 9.05m
  • Website: https://polight.com

Number of Employees


Location

  • poLight ASA
  • Kongeveien 77
  • Horten
  • Vestfold
  • 3188
  • Norway

Listings

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

Biography

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 applica...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 17:20
End of Day Share Price2021/03/08 00:00
Earnings2020/12/31
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.