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Thin Film Electronics

Executive Summary

Thin Film Electronics ASA designs, develops, and produces ultrathin energy storage solutions for wearable devices, connected sensors, and other applications. More Details


Snowflake Analysis

Weak fundamentals or lack of information.

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

Stable Share Price: THIN is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: THIN's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.


Market Performance


7 Day Return

-9.7%

THIN

-9.0%

NO Tech

1.1%

NO Market


1 Year Return

-19.0%

THIN

106.4%

NO Tech

39.7%

NO Market

Return vs Industry: THIN underperformed the Norwegian Tech industry which returned 95.5% over the past year.

Return vs Market: THIN underperformed the Norwegian Market which returned 26.1% over the past year.


Shareholder returns

THINIndustryMarket
7 Day-9.7%-9.0%1.1%
30 Day4.9%-9.1%2.9%
90 Day109.7%11.0%13.0%
1 Year-5.0%-19.0%108.9%106.4%45.1%39.7%
3 Year-97.7%-98.1%82.3%75.2%19.5%5.7%
5 Year-98.7%-98.9%218.3%193.5%78.0%43.7%

Long-Term 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?


In this section, we usually try to help investors determine whether Thin Film Electronics is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Thin Film Electronics has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of THIN's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through Thin Film Electronics regulatory filings.
  • Explore potentially undervalued companies in the Tech industry.

Future Growth

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

5.2%

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 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?

-12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: THIN is currently unprofitable.

Growing Profit Margin: THIN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: THIN is unprofitable, and losses have increased over the past 5 years at a rate of 12.1% 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 (-10.3%).


Return on Equity

High ROE: THIN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Thin Film Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: THIN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: THIN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: THIN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: THIN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: 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 grow at historical rates of 0.3% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate THIN'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 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

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Kevin Barber (60 yo)

2.33yrs

Tenure

US$1,613,000

Compensation

Mr. Kevin D. Barber has been a Independent 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 a...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD1.61M) is above average for companies of similar size in the Norwegian market ($USD368.03K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Barber
MD & CEO2.33yrsUS$1.61m0.17%
$ 1.6m
Arvind Kamath
Executive Vice President of Technology Development & Manufacturingno dataUS$421.00kno data
Shannon Fogle
Vice President of Global Human Resources & Administration1.17yrsUS$222.00kno data
Ole Thorsnes
1.67yrsUS$434.56kno data
David Williamson
Acting Chief Financial Officer0.83yrno datano data
Louis Golato
Vice President of Operations0.17yrno datano data
Erwan Le Roy
Executive VP of Business Development and GM of NFC Solutions & Smart Sensor Products4.67yrsUS$486.04kno data
Ana Arias
Chairman of Technical Advisory Council & Consultantno datano datano data
Raj Apte
Consultant & Member of Technical Advisory Council5.92yrsno datano data

1.4yrs

Average Tenure

Experienced Management: THIN's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ana Arias
Chairman of Technical Advisory Council & Consultantno datano datano data
Raj Apte
Consultant & Member of Technical Advisory Council5.92yrsno datano data
Jon Castor
Director2.17yrsno data0.18%
$ 1.6m
Morten Opstad
Chairman of the Board14.42yrsno data0.47%
$ 4.2m
Preeti Mardia
Director7.83yrsno data0.033%
$ 292.6k
Kelly Doss
Director1.83yrsno data0.12%
$ 1.1m

5.9yrs

Average Tenure

67yo

Average Age

Experienced Board: THIN's board of directors are considered experienced (5.9 years average tenure).


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 substantially diluted in the past year, with total shares outstanding growing by 1677%.


Top Shareholders

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: kr890.772m
  • Shares outstanding: 1.04b
  • Website: https://www.thinfilmsystems.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
B7XDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2006
TFEC.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDMar 2015

Biography

Thin Film Electronics ASA designs, develops, and produces ultrathin energy storage solutions for wearable devices, connected sensors, and other applications. Its solid-state lithium battery technology enab...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 17:21
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.