OB:ZWIPE

Stock Analysis Report

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Executive Summary

Zwipe AS provides biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. More Details


Snowflake Analysis

Excellent balance sheet with limited growth.

Share Price & News

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


Latest Share Price and Events

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

Volatility Over Time: ZWIPE'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

-11.8%

ZWIPE

-6.5%

NO Electronic

1.1%

NO Market


1 Year Return

518.0%

ZWIPE

114.3%

NO Electronic

39.7%

NO Market

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

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


Shareholder returns

ZWIPEIndustryMarket
7 Day-11.8%-6.5%1.1%
30 Day18.3%2.4%2.9%
90 Day19.6%10.8%13.0%
1 Year518.0%518.0%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 Zwipe's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

5.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ZWIPE is overvalued based on its PB Ratio (5.9x) compared to the NO Electronic industry average (4.2x).


Next Steps

Future Growth

How is Zwipe forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

26.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZWIPE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ZWIPE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ZWIPE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: ZWIPE's revenue (92.7% per year) is forecast to grow faster than the Norwegian market (7.3% per year).

High Growth Revenue: ZWIPE's revenue (92.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ZWIPE is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Zwipe performed over the past 5 years?

-19.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZWIPE is currently unprofitable.

Growing Profit Margin: ZWIPE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ZWIPE is unprofitable, and losses have increased over the past 5 years at a rate of 19.1% per year.

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

Earnings vs Industry: ZWIPE is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-2%).


Return on Equity

High ROE: ZWIPE has a negative Return on Equity (-50.63%), as it is currently unprofitable.


Next Steps

Financial Health

How is Zwipe's financial position?


Financial Position Analysis

Short Term Liabilities: ZWIPE's short term assets (NOK127.0M) exceed its short term liabilities (NOK13.8M).

Long Term Liabilities: ZWIPE's short term assets (NOK127.0M) exceed its long term liabilities (NOK942.0K).


Debt to Equity History and Analysis

Debt Level: ZWIPE's debt to equity ratio (0.8%) is considered satisfactory.

Reducing Debt: ZWIPE's debt to equity ratio has increased from 0.02% to 0.8% over the past 5 years.


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: ZWIPE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ZWIPE has sufficient cash runway for 2 years if free cash flow continues to reduce at historical rates of 15.4% each year.


Next Steps

Dividend

What is Zwipe current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ZWIPE'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 ZWIPE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ZWIPE'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 ZWIPE'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?

0.9yrs

Average management tenure


CEO

André Løvestam

3yrs

Tenure

Mr. André Løvestam serves as Chief Executive Officer of Zwipe AS since March 2018. Mr. Løvestam served as an Executive Vice President of Atea ASA. Mr. Løvestam served as President of Tomra Europe of Tomra ...


Leadership Team

NamePositionTenureCompensationOwnership
André Løvestam
Chief Executive Officer3yrsno datano data
Lars Solheim
Chief Financial Officer1yrno data0.27%
NOK 2.0m
Robert Mueller
Chief Technology Officer1.92yrsno data0.15%
NOK 1.1m
Anders Bigseth
Vice President of Marketing & Communications0.25yrno datano data
John Goodale
Chief Sales Officer0.17yrno datano data
Bishwajit Choudhary
Executive Vice President of Strategy & Channels0.75yrno data0.077%
NOK 561.0k
Ine Jacobsen
Controllerno datano datano data
Eric Mercer
CEO of Zwipe America Inc.no datano data0.017%
NOK 121.0k
Lars Svenkerud
Consultantno datano datano data

0.9yrs

Average Tenure

Experienced Management: ZWIPE's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jörgen Lantto
Independent Chairman of the Boardno datano data2.63%
NOK 19.1m
Dennis Jones
Independent Director3.17yrsno data0.20%
NOK 1.4m
Dorian Barak
Independent Director1.92yrsno data0.061%
NOK 440.0k
Pål Vegard
Director0.83yrno data1.73%
NOK 12.5m
Josef Noll
Member of Advisory Boardno datano datano data
Thorleif Ek
Member of Advisory Boardno datano datano data
Bjørn Vestby
Member of Advisory Boardno datano datano data
Carl Magnus Biehl
Independent Director3.17yrsno data0.65%
NOK 4.7m
Diderik Schonheyder
Director0.83yrno data0.016%
NOK 116.6k

1.9yrs

Average Tenure

57yo

Average Age

Experienced Board: ZWIPE's board of directors are not considered experienced ( 1.9 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 29%.


Top Shareholders

Company Information

Zwipe AS's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zwipe AS
  • Ticker: ZWIPE
  • Exchange: OB
  • Founded: 2009
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: kr724.425m
  • Shares outstanding: 32.93m
  • Website: https://www.zwipe.com

Number of Employees


Location

  • Zwipe AS
  • Radhusgata 24
  • Oslo
  • Oslo
  • 151
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZWIPEOB (Oslo Bors)YesOrdinary SharesNONOKJan 2019
ZWIPEOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKJan 2019
4ZWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 2019

Biography

Zwipe AS provides biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. The company provide...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/08 17:22
End of Day Share Price2021/03/05 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.