PLT Stock Overview
poLight ASA develops optical lens for consumer devices and industrial applications.
Price History & Performance
|Historical stock prices|
|Current Share Price||kr20.20|
|52 Week High||kr39.28|
|52 Week Low||kr17.05|
|1 Month Change||-6.98%|
|3 Month Change||-14.22%|
|1 Year Change||-10.14%|
|3 Year Change||317.36%|
|5 Year Change||n/a|
|Change since IPO||102.00%|
Recent News & Updates
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...
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...
|PLT||NO Electronic||NO Market|
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.
|PLT Average Weekly Movement||4.4%|
|Electronic Industry Average Movement||7.7%|
|Market Average Movement||6.7%|
|10% most volatile stocks in NO Market||11.2%|
|10% least volatile stocks in NO Market||3.8%|
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
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
|PLT fundamental statistics|
Is PLT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PLT income statement (TTM)|
|Cost of Revenue||kr3.67m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 03, 2022
|Earnings per share (EPS)||-1.00|
|Net Profit Margin||-542.46%|
How did PLT perform over the long term?See historical performance and comparison
Is PLT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is PLT's n/a Ratio?|
Price to Book Ratio vs Peers
How does PLT's PB Ratio compare to its peers?
|PLT PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
IDEX IDEX Biometrics
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.
|Current PB Ratio||5.9x|
|Fair PB Ratio||n/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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How is poLight forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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How has poLight performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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.
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How is poLight's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
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%.
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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What is poLight current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|poLight Dividend Yield vs Market|
|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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Øyvind Isaksen (59 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
|Øyvind Isaksen's Compensation vs poLight Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||kr6m||kr3m|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||kr6m||kr3m|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||kr5m||kr3m|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||kr6m||kr2m|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||kr2m||kr2m|
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.
Experienced Management: PLT's management team is seasoned and experienced (6.6 years average tenure).
Experienced Board: PLT's board of directors are considered experienced (3.3 years average tenure).
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
poLight ASA's employee growth, exchange listings and data sources
- 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
- poLight ASA
- Innlaget 230
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PLT||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Oct 2018|
|3OL0||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 2018|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 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.