OB:THIN

Stock Analysis Report

Thin Film Electronics

Executive Summary

Thin Film Electronics ASA provides near field communication (NFC) mobile marketing and smart-packaging solutions by printed electronics technology in Norway and internationally.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Share Price & News

How has Thin Film Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-15.9%

THIN

0.05%

NO Tech

1.6%

NO Market


1 Year Return

-87.2%

THIN

-0.5%

NO Tech

-4.1%

NO Market

Return vs Industry: THIN underperformed the Norwegian Tech industry which returned -0.5% over the past year.

Return vs Market: THIN underperformed the Norwegian Market which returned -4.1% over the past year.


Shareholder returns

THINIndustryMarket
7 Day-15.9%0.05%1.6%
30 Day-29.9%-1.7%-1.8%
90 Day-50.2%-3.7%1.8%
1 Year-87.2%-87.2%1.0%-0.5%0.9%-4.1%
3 Year-97.4%-97.4%45.9%38.8%40.1%21.8%
5 Year-97.3%-97.3%100.5%71.7%59.6%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Thin Film Electronics undervalued compared to its fair value and its price relative to the market?

0.41x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: THIN is good value based on its PB Ratio (0.4x) compared to the XE Tech industry average (1.3x).


Next Steps

Future Growth

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

19.1%

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 Thin Film Electronics 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 Thin Film Electronics performed over the past 5 years?

-24.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: THIN is unprofitable, and losses have increased over the past 5 years at a rate of -24.6% per year.

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

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


Return on Equity

High ROE: THIN has a negative Return on Equity (-193.5%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: THIN is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: THIN is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Thin Film Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: THIN's short term assets ($19.3M) exceeds its short term liabilities ($7.2M)

Long Term Liabilities: THIN's short term assets (19.3M) exceeds its long term liabilities (13.8M)


Debt to Equity History and Analysis

Debt Level: THIN is debt free.

Reducing Debt: THIN has not had any debt for past 5 years.


Balance Sheet

Inventory Level: THIN has a high level of physical assets or inventory.

Debt Coverage by Assets: THIN's debt is not covered by short term assets (assets are -30.3x debt).


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: THIN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: THIN has less than a year of cash runway if free cash flow continues to reduce at historical rates of -12.1% each year


Next Steps

Dividend

What is Thin Film Electronics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%6.3%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate THIN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if THIN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if THIN'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 THIN's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

What is the CEO of Thin Film Electronics's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

Kevin Barber (59yo)

0.9yrs

Tenure

US$785,284

Compensation

Mr. Kevin D. Barber has been a Director of Intevac, Inc. since February 2018. Mr. Barber served as a Senior Vice President of Synaptics Incorporated since January 2011 until November 15, 2018 and served as ...


CEO Compensation Analysis

Compensation vs. Market: Kevin has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Norwegian market.

Compensation vs Earnings: Insufficient data to compare Kevin's compensation with company performance.


Management Age and Tenure

1.0yrs

Average Tenure

Experienced Management: THIN's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Age and Tenure

4.5yrs

Average Tenure

62.5yo

Average Age

Experienced Board: THIN's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$1,320,02913 May 19
Ferd Invest
EntityCompany
Shares8,250,000
Max PriceUS$0.16

Ownership Breakdown


Management Team

  • Kevin Barber (59yo)

    Managing Director & CEO

    • Tenure: 0.9yrs
    • Compensation: US$785.28k
  • Mallorie Burak (48yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Christian Delay

    Chief Commercial Officer

    • Tenure: 3.4yrs
    • Compensation: US$536.00k
  • Erwan Le Roy

    Executive VP of Business Development and GM of NFC Solutions & Smart Sensor Products

    • Tenure: 3.3yrs
    • Compensation: US$486.04k
  • Ole Thorsnes

    • Tenure: 0.3yrs
    • Compensation: US$607.00k
  • Poorab Shah

    Executive Vice President of Software

    • Tenure: 1.3yrs
  • Giampaolo Marino

    Executive Vice President of Hardware Solutions

    • Tenure: 1.2yrs
    • Compensation: US$401.12k
  • Arvind Kamath

    Executive Vice President of Technology Development

    • Tenure: 0yrs
    • Compensation: US$380.00k
  • Matt Kaufmann

    Executive Vice President of Operations

    • Tenure: 0.7yrs
    • Compensation: US$351.00k
  • Shannon Fogle

    Vice President of Global Human Resources

    • Tenure: 0yrs
    • Compensation: US$205.00k

Board Members

  • Jon Castor (66yo)

    Director

    • Tenure: 0.8yrs
  • Kevin Barber (59yo)

    Managing Director & CEO

    • Tenure: 0.9yrs
    • Compensation: US$785.28k
  • Morten Opstad (66yo)

    Chairman of the Board

    • Tenure: 13yrs
  • Ana Arias

    Chairman of Technical Advisory Council & Consultant

    • Tenure: 0yrs
  • Preeti Mardia (52yo)

    Director

    • Tenure: 6.4yrs
  • Raj Apte

    Consultant & Member of Technical Advisory Council

    • Tenure: 4.5yrs
  • Kelly Doss

    Director

    • Tenure: 0.8yrs

Company Information

Thin Film Electronics ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Thin Film Electronics ASA
  • Ticker: THIN
  • Exchange: OB
  • Founded: 2005
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: kr133.125m
  • Shares outstanding: 1.17b
  • Website: https://www.thinfilmnfc.com

Number of Employees


Location

  • Thin Film Electronics ASA
  • Fridtjof Nansens Plass 4
  • Oslo
  • Oslo
  • 160
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
THINOB (Oslo Bors)YesOrdinary SharesNONOKFeb 2006
0JI9LSE (London Stock Exchange)YesOrdinary SharesGBNOKFeb 2006
TFEC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2006
THINOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKFeb 2006
TFEC.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDMar 2015

Biography

Thin Film Electronics ASA provides near field communication (NFC) mobile marketing and smart-packaging solutions by printed electronics technology in Norway and internationally. It develops printed tags, l ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:50
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.