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SEYE

Smart Eye OM:SEYE Stock Report

Last Price

kr61.80

Market Cap

kr1.4b

7D

-7.1%

1Y

-74.8%

Updated

28 Jun, 2022

Data

Company Financials +
SEYE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

SEYE Stock Overview

Smart Eye AB (publ) develops eye tracking artificial intelligence technology solutions that understands, supports, and predicts human intentions and actions in Sweden and internationally.

Smart Eye Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Smart Eye
Historical stock prices
Current Share Pricekr61.80
52 Week Highkr262.00
52 Week Lowkr58.75
Beta1.34
1 Month Change-15.63%
3 Month Change-51.64%
1 Year Change-74.78%
3 Year Change-38.57%
5 Year Change28.75%
Change since IPO2.15%

Recent News & Updates

May 05
One Smart Eye AB (publ) (STO:SEYE) Analyst Just Made A Major Cut To Next Year's Estimates

One Smart Eye AB (publ) (STO:SEYE) Analyst Just Made A Major Cut To Next Year's Estimates

Today is shaping up negative for Smart Eye AB (publ) ( STO:SEYE ) shareholders, with the covering analyst delivering a...

Shareholder Returns

SEYESE ElectronicSE Market
7D-7.1%1.7%0.2%
1Y-74.8%-18.2%-22.4%

Return vs Industry: SEYE underperformed the Swedish Electronic industry which returned -16.1% over the past year.

Return vs Market: SEYE underperformed the Swedish Market which returned -20.9% over the past year.

Price Volatility

Is SEYE's price volatile compared to industry and market?
SEYE volatility
SEYE Average Weekly Movement9.3%
Electronic Industry Average Movement7.4%
Market Average Movement7.4%
10% most volatile stocks in SE Market12.1%
10% least volatile stocks in SE Market4.7%

Stable Share Price: SEYE is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SEYE's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999256Martin Krantzhttps://www.smarteye.se

Smart Eye AB (publ) develops eye tracking artificial intelligence technology solutions that understands, supports, and predicts human intentions and actions in Sweden and internationally. The company offers driver monitoring systems and interior sensing solutions for automotive market; and end-to-end driver monitoring systems for fleet and aftermarket. It also provides eye tracking systems for analyzing human behavior under the Smart Eye Pro, Smart Eye Pro dx, AI-X, XO, and Aurora names, as well as offers smart recorders, software, and analysis services to automotive, aviation, aerospace, neuroscience, psychology, human computer interaction research, user experience/marketing, and medicine industries.

Smart Eye Fundamentals Summary

How do Smart Eye's earnings and revenue compare to its market cap?
SEYE fundamental statistics
Market Capkr1.37b
Earnings (TTM)-kr186.14m
Revenue (TTM)kr145.05m

9.4x

P/S Ratio

-7.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SEYE income statement (TTM)
Revenuekr145.05m
Cost of Revenuekr19.42m
Gross Profitkr125.63m
Other Expenseskr311.77m
Earnings-kr186.14m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 26, 2022

Earnings per share (EPS)-8.40
Gross Margin86.61%
Net Profit Margin-128.33%
Debt/Equity Ratio5.6%

How did SEYE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SEYE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SEYE?

Other financial metrics that can be useful for relative valuation.

SEYE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue8.5x
Enterprise Value/EBITDA-10.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SEYE's PS Ratio compare to its peers?

SEYE PS Ratio vs Peers
The above table shows the PS ratio for SEYE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.4x
PRIC B Pricer
1x15.0%kr1.8b
BELE Beijer Electronics Group
0.9x13.8%kr1.6b
SENS Sensys Gatso Group
1.8x12.1%kr977.1m
FING B Fingerprint Cards
2.1x29.0%kr2.7b
SEYE Smart Eye
9.4x47.9%kr1.4b

Price-To-Sales vs Peers: SEYE is expensive based on its Price-To-Sales Ratio (9.4x) compared to the peer average (1.4x).


Price to Earnings Ratio vs Industry

How does SEYE's PE Ratio compare vs other companies in the SE Electronic Industry?

Price-To-Sales vs Industry: SEYE is expensive based on its Price-To-Sales Ratio (9.4x) compared to the Swedish Electronic industry average (2.1x)


Price to Sales Ratio vs Fair Ratio

What is SEYE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SEYE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.4x
Fair PS Ratio26.1x

Price-To-Sales vs Fair Ratio: SEYE is good value based on its Price-To-Sales Ratio (9.4x) compared to the estimated Fair Price-To-Sales Ratio (26.1x).


Share Price vs Fair Value

What is the Fair Price of SEYE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SEYE (SEK61.8) is trading below our estimate of fair value (SEK593.27)

Significantly Below Fair Value: SEYE is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


82.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SEYE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.3%).

Earnings vs Market: SEYE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SEYE is expected to become profitable in the next 3 years.

Revenue vs Market: SEYE's revenue (47.9% per year) is forecast to grow faster than the Swedish market (5.6% per year).

High Growth Revenue: SEYE's revenue (47.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


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Past Performance

How has Smart Eye performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-28.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SEYE is currently unprofitable.

Growing Profit Margin: SEYE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SEYE is unprofitable, and losses have increased over the past 5 years at a rate of 28.8% per year.

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

Earnings vs Industry: SEYE is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (23.5%).


Return on Equity

High ROE: SEYE has a negative Return on Equity (-13.25%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Smart Eye's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SEYE's short term assets (SEK296.6M) exceed its short term liabilities (SEK86.9M).

Long Term Liabilities: SEYE's short term assets (SEK296.6M) exceed its long term liabilities (SEK201.2M).


Debt to Equity History and Analysis

Debt Level: SEYE has more cash than its total debt.

Reducing Debt: SEYE's debt to equity ratio has reduced from 7.6% to 5.6% 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: SEYE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SEYE has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 25.9% each year.


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Dividend

What is Smart Eye current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SEYE's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SEYE has not reported any payouts.


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Management

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

5.4yrs

Average management tenure


CEO

Martin Krantz (50 yo)

no data

Tenure

Mr. Martin Krantz is a Founder and serves as Chief Executive Officer of Smart Eye AB (publ). Mr. Krantz holds a degree in Engineering Physics from Chalmers University of Technology.


Leadership Team

Experienced Management: SEYE's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: SEYE's board of directors are considered experienced (6.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SEYE 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 33.2%.


Top Shareholders

Company Information

Smart Eye AB (publ)'s employee growth, exchange listings and data sources


Key Information

  • Name: Smart Eye AB (publ)
  • Ticker: SEYE
  • Exchange: OM
  • Founded: 1999
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: kr1.369b
  • Shares outstanding: 22.15m
  • Website: https://www.smarteye.se

Number of Employees


Location

  • Smart Eye AB (publ)
  • FOersta LAnggatan 28B
  • Gothenburg
  • Västra Götaland County
  • 413 27
  • Sweden

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.