OM:TCT

Stock Analysis Report

Executive Summary

TC TECH Sweden AB (publ) provides systems that are used to produce light guide plates for screens and displays in Sweden and internationally.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Share Price & News

How has TC TECH Sweden's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.8%

TCT

6.2%

SE Machinery

3.4%

SE Market


1 Year Return

-35.5%

TCT

10.5%

SE Machinery

9.1%

SE Market

Return vs Industry: TCT underperformed the Swedish Machinery industry which returned 10.5% over the past year.

Return vs Market: TCT underperformed the Swedish Market which returned 9.1% over the past year.


Shareholder returns

TCTIndustryMarket
7 Day-3.8%6.2%3.4%
30 Day2.6%-2.9%0.6%
90 Day-13.8%3.8%2.9%
1 Year-31.7%-35.5%14.1%10.5%13.7%9.1%
3 Year-58.2%-60.6%55.4%29.3%31.2%11.6%
5 Yearn/a102.3%59.2%64.2%29.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is TC TECH Sweden undervalued compared to its fair value and its price relative to the market?

5.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate TCT's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate TCT's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TCT is overvalued based on its PB Ratio (5.5x) compared to the SE Machinery industry average (2.9x).


Next Steps

Future Growth

How is TC TECH Sweden forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.5%

Forecasted Capital Goods 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 TC TECH Sweden 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 TC TECH Sweden performed over the past 5 years?

-31.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TCT is unprofitable, and losses have increased over the past 5 years at a rate of -31.1% per year.

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

Earnings vs Industry: TCT is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (22.2%).


Return on Equity

High ROE: TCT has a negative Return on Equity (-80.49%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is TC TECH Sweden's financial position?


Financial Position Analysis

Short Term Liabilities: TCT's short term assets (SEK32.9M) exceeds its short term liabilities (SEK16.0M)

Long Term Liabilities: TCT has no long term liabilities


Debt to Equity History and Analysis

Debt Level: TCT's debt to equity ratio (11.4%) is considered satisfactory

Reducing Debt: TCT's debt to equity ratio has reduced from 994.5% to 11.4% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: TCT's debt is covered by short term assets (assets are 7.161950x 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: TCT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TCT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -20.7% each year


Next Steps

Dividend

What is TC TECH Sweden's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%4.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Growing Dividend: Insufficient data to determine if TCT'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 TCT'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 TC TECH Sweden's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Alexander Luiga (54yo)

3.3yrs

Tenure

kr1,313,565

Compensation

Mr. Alexander Luiga has been Chief Executive Officer at TC TECH Sweden AB (publ) since June 02, 2016. Mr. Luiga served as Deputy Chief Executive Officer at TC TECH Sweden AB (publ) since beginning of March ...


CEO Compensation Analysis

Compensation vs. Market: Alexander's total compensation ($USD0.00) is too low to compare against companies of similar size in the Swedish market ($USD124.99K).

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


Management Age and Tenure

2.8yrs

Average Tenure

59yo

Average Age

Experienced Management: TCT's management team is considered experienced (2.8 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

Buykr251,85020 Jun 19
Cimon Enterprise AB
EntityCompany
Shares15,000
Max Pricekr16.79
Buykr58,32412 Dec 18
Cecilia Johansson
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,166
Max Pricekr14.00
Buykr980,00020 Nov 18
Sven Löfquist
EntityIndividual
Role
Member of the Board of Directors
Senior Adviser & Director
Shares70,000
Max Pricekr14.00

Ownership Breakdown


Management Team

  • Sven Löfquist (63yo)

    Senior Adviser & Director

    • Tenure: 0yrs
    • Compensation: kr50.00k
  • Kjell Bohlin (67yo)

    Chief Quality Officer

    • Tenure: 4yrs
  • Alexander Luiga (54yo)

    Chief Executive Officer

    • Tenure: 3.3yrs
    • Compensation: kr1.31m
  • Jan Jäderberg (54yo)

    Chief Technology Officer

    • Tenure: 0yrs
  • Tommy Nee (62yo)

    Chief Financial Officer

    • Tenure: 2.3yrs
  • Björn Hallare (56yo)

    Chief Operating Officer

    • Tenure: 1.8yrs

Board Members

  • Per-Anders Johansson (65yo)

    Director

    • Tenure: 0yrs
    • Compensation: kr50.00k
  • Sven Löfquist (63yo)

    Senior Adviser & Director

    • Tenure: 0yrs
    • Compensation: kr50.00k
  • Peter Mattisson (56yo)

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: kr100.00k
  • Cecilia Johansson (56yo)

    Director

    • Tenure: 0yrs
    • Compensation: kr50.00k
  • Jörgen Brandt (57yo)

    Director

    • Tenure: 0yrs
    • Compensation: kr50.00k

Company Information

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


Key Information

  • Name: TC TECH Sweden AB (publ)
  • Ticker: TCT
  • Exchange: OM
  • Founded:
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: kr222.116m
  • Shares outstanding: 16.10m
  • Website: https://www.tctech.se

Number of Employees


Location

  • TC TECH Sweden AB (publ)
  • Domnarvsgatan 4
  • Spånga
  • Stockholm County
  • 163 53
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TCTOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKNov 2015

Biography

TC TECH Sweden AB (publ) provides systems that are used to produce light guide plates for screens and displays in Sweden and internationally. It offers TCP 150 high precision electric, roll-to-sheet 150, T ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 21:28
End of Day Share Price2019/10/15 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.