OM:HELIO

Stock Analysis Report

Executive Summary

Heliospectra AB (publ) provides lighting solutions for greenhouse and controlled plant growth environments worldwide.

Rewards

Revenue is forecast to grow 52.43% per year

Risk Analysis

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

Does not have meaningful revenue (SEK34M)

+ 1 more risk


Snowflake Analysis

Adequate balance sheet with limited growth.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: HELIO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.4%

HELIO

4.5%

SE Electrical

1.1%

SE Market


1 Year Return

-5.8%

HELIO

32.0%

SE Electrical

25.5%

SE Market

Return vs Industry: HELIO underperformed the Swedish Electrical industry which returned 29.3% over the past year.

Return vs Market: HELIO underperformed the Swedish Market which returned 26.1% over the past year.


Shareholder returns

HELIOIndustryMarket
7 Day-7.4%4.5%1.1%
30 Day-7.3%11.4%2.8%
90 Day9.3%15.8%9.0%
1 Year-1.8%-5.8%45.6%32.0%30.7%25.5%
3 Year-14.8%-18.2%28.3%1.9%40.5%19.0%
5 Year-50.5%-60.1%175.6%127.0%58.1%24.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

9.62x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: HELIO is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HELIO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HELIO is overvalued based on its PB Ratio (10.1x) compared to the SE Electrical industry average (3.9x).


Next Steps

Future Growth

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

40.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: HELIO's revenue (52.4% per year) is forecast to grow faster than the Swedish market (4.4% per year).

High Growth Revenue: HELIO's revenue (52.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Heliospectra performed over the past 5 years?

-2.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HELIO is currently unprofitable.

Growing Profit Margin: HELIO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HELIO is unprofitable, and losses have increased over the past 5 years at a rate of -2.8% per year.

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

Earnings vs Industry: HELIO is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (9.6%).


Return on Equity

High ROE: HELIO has a negative Return on Equity (-143.72%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Heliospectra's financial position?


Financial Position Analysis

Short Term Liabilities: HELIO's short term assets (SEK37.2M) exceed its short term liabilities (SEK12.7M).

Long Term Liabilities: HELIO's short term assets (SEK37.2M) exceed its long term liabilities (SEK9.3M).


Debt to Equity History and Analysis

Debt Level: HELIO is debt free.

Reducing Debt: HELIO had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if HELIO's debt is covered by short term assets.


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

Forecast Cash Runway: HELIO has less than a year of cash runway if free cash flow continues to grow at historical rates of 5.8% each year.


Next Steps

Dividend

What is Heliospectra's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.6%markettop25%4.4%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Ali Ahmadian (43yo)

2.9yrs

Tenure

0

Mr. Ali Ahmadian has been the Chief Executive Officer of Heliospectra AB (publ) since February 1, 2017. Mr. Ahmadian served as Chief Commercial Officer at Heliospectra AB (publ) since November 14, 2016 unt ...


Management Age and Tenure

2.2yrs

Average Tenure

48.5yo

Average Age

Experienced Management: HELIO's management team is considered experienced (2.2 years average tenure).


Board Age and Tenure

4.0yrs

Average Tenure

53yo

Average Age

Experienced Board: HELIO's board of directors are considered experienced (4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.2%.


Management Team

  • Staffan E. Hillberg (55yo)

    Advisor & Director

    • Tenure: 2.6yrs
    • Compensation: kr1.15m
  • Maria Jangsell (54yo)

    Head of Finance

    • Ali Ahmadian (43yo)

      Chief Executive Officer

      • Tenure: 2.9yrs
    • Peter Nyberg (43yo)

      Head of Technology & Development Department

      • Thorbjörn Leu

        Vice President of Sales & Marketing

        • Tenure: 1.4yrs
      • Hans Naess

        Chief Financial Officer

        • Tenure: 0.8yrs

      Board Members

      • Staffan E. Hillberg (55yo)

        Advisor & Director

        • Tenure: 2.6yrs
        • Compensation: kr1.15m
      • Martin Skoglund (53yo)

        Director

        • Tenure: 14yrs
        • Compensation: kr88.80k
      • Andreas Gunnarsson (45yo)

        Chairman of the Board

        • Tenure: 4yrs
      • Göran Linder (57yo)

        Deputy Board Member

        • Tenure: 9yrs
      • Anders Ludvigson (49yo)

        Director

        • Tenure: 13yrs
        • Compensation: kr88.80k
      • Staffan Gunnarsson

        Director

        • Tenure: 1.6yrs
      • Jens Helgesson

        Deputy Director

        • Tenure: 1.6yrs

      Company Information

      Heliospectra AB (publ)'s company bio, employee growth, exchange listings and data sources


      Key Information

      • Name: Heliospectra AB (publ)
      • Ticker: HELIO
      • Exchange: OM
      • Founded: 2006
      • Industry: Electrical Components and Equipment
      • Sector: Capital Goods
      • Market Cap: kr362.913m
      • Shares outstanding: 56.18m
      • Website: https://www.heliospectra.com

      Number of Employees


      Location

      • Heliospectra AB (publ)
      • Fiskhamnsgatan 2
      • Gothenburg
      • Västra Götaland County
      • 414 58
      • Sweden

      Listings

      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
      HELIOOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKJun 2014
      HLSP.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2014
      H00DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2014
      HLSP.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDOct 2014

      Biography

      Heliospectra AB (publ) provides lighting solutions for greenhouse and controlled plant growth environments worldwide. The company offers MITRA, a flexible and modular solution for every installation; Elixia, a flexible light strategy that enhances production; Siera, a vertical farming solution for predictable and repeatable results; DYNA, a programmable LED plant lighting system; and EOS, a fixed spectrum and high intensity light. Its healthcare technology enables businesses to forecast yields and controls the consistency of operations and crop quality. In addition, the company offers helioCARE services comprising light analysis and customized light strategies, crop and light consultancy, commercial crop trials and pilot projects, plant and light training, and custom spectra designs, as well as installation design and support services. It serves food companies, medicinal plant growers, and research and agro-technology companies. Heliospectra AB (publ) was founded in 2006 and is headquartered in Gothenburg, Sweden. 


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2020/01/17 21:35
      End of Day Share Price2020/01/17 00:00
      Earnings2019/09/30
      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.