NGM:OBDU B

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Executive Summary

Obducat AB (publ) develops and supplies lithography solutions for the use in the production and replication of micro and nanostructures worldwide.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: OBDU B's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.1%

OBDU B

6.8%

SE Semiconductor

2.5%

SE Market


1 Year Return

-69.4%

OBDU B

-37.3%

SE Semiconductor

3.8%

SE Market

Return vs Industry: OBDU B underperformed the Swedish Semiconductor industry which returned -38.1% over the past year.

Return vs Market: OBDU B underperformed the Swedish Market which returned 2.5% over the past year.


Shareholder returns

OBDU BIndustryMarket
7 Day3.1%6.8%2.5%
30 Day-27.7%1.2%6.7%
90 Day-49.0%-3.9%-9.7%
1 Year-69.4%-69.4%-37.1%-37.3%5.2%3.8%
3 Year-74.2%-74.9%66.0%53.8%9.7%-5.3%
5 Year-87.9%-88.3%117.3%93.4%24.2%0.06%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.46x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: OBDU B is good value based on its PB Ratio (3.5x) compared to the SE Semiconductor industry average (6.1x).


Next Steps

Future Growth

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

23.3%

Forecasted Semiconductors 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 Obducat 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 Obducat performed over the past 5 years?

-10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OBDU B is currently unprofitable.

Growing Profit Margin: OBDU B is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OBDU B is unprofitable, and losses have increased over the past 5 years at a rate of -10.9% per year.

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

Earnings vs Industry: OBDU B is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-20.9%).


Return on Equity

High ROE: OBDU B has a negative Return on Equity (-52.59%), as it is currently unprofitable.


Next Steps

Financial Health

How is Obducat's financial position?


Financial Position Analysis

Short Term Liabilities: OBDU B's short term assets (SEK37.9M) do not cover its short term liabilities (SEK56.5M).

Long Term Liabilities: OBDU B's short term assets (SEK37.9M) exceed its long term liabilities (SEK3.4M).


Debt to Equity History and Analysis

Debt Level: OBDU B's debt to equity ratio (24.5%) is considered satisfactory.

Reducing Debt: OBDU B's debt to equity ratio has increased from 2% to 24.5% 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: OBDU B has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: OBDU B has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

2.3yrs

Average board tenure


CEO

André Bergstrand (36yo)

2yrs

Tenure

kr787,000

Compensation

Mr. André Bergstrand serves as a Chief Financial Officer of Obducat AB (publ) and has been its Acting Chief Executive Officer since May 29, 2018. He is the Chief Financial Officer and Managing Director at  ...


CEO Compensation Analysis

Compensation vs Market: André's total compensation ($USD81.32K) is below average for companies of similar size in the Swedish market ($USD221.03K).

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


Board Members

NamePositionTenureCompensationOwnership
Patrik Lundström
Executive Chairman & President2yrskr3.52m1.34% SEK1.4m
Magnus Breidne
Independent Director2.33yrskr70.00kno data
Arild Isacson
Independent Director8.08yrskr129.00k0.028% SEK29.1k
Jarl Hjärre
Independent Director2.33yrskr483.00kno data
Ola Möllerström
Independent Director2.33yrskr70.00k0.34% SEK350.5k

2.3yrs

Average Tenure

52yo

Average Age

Experienced Board: OBDU B's board of directors are not considered experienced ( 2.3 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 substantially diluted in the past year, with total shares outstanding growing by 54.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Obducat AB (publ)
  • Ticker: OBDU B
  • Exchange: NGM
  • Founded: 1989
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: kr104.103m
  • Shares outstanding: 148.51m
  • Website: https://www.obducat.com

Location

  • Obducat AB (publ)
  • Scheelevägen 2
  • Lund
  • Skåne County
  • 223 63
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OBDC.FOTCPK (Pink Sheets LLC)YesSeries B SharesUSUSDJun 1999
OBDU BNGM (Nordic Growth Market)YesSeries B SharesSESEKJun 1999
OBDDB (Deutsche Boerse AG)YesSeries B SharesDEEURJun 1999
0KIELSE (London Stock Exchange)YesSeries B SharesGBSEKJun 1999
OBDU PREF BNGM (Nordic Growth Market)SER'B'NPV PRFSESEKJan 2017

Biography

Obducat AB (publ) develops and supplies lithography solutions for the use in the production and replication of micro and nanostructures worldwide. It offers SINDRE, a Nano imprint lithography system for industrial production; EITRE, a Nano imprint lithography for research and development purposes; and wet processing systems. The company also provides installation and support services. Its products are used in various applications, such as light emitting diodes (LEDs) and organic LEDs, optical components, MEMS, NEMS, PZT, hard disk drives, displays, photovoltaics, and medical devices. Obducat AB (publ) was founded in 1989 and is headquartered in Lund, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/27 01:09
End of Day Share Price2020/05/26 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.