OM:TOBII

Stock Analysis Report

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Executive Summary

Tobii AB (publ) develops and sells eye-tracking technology and solutions in Sweden, rest of Europe, the United States, Asia/Oceania, and internationally.


Snowflake Analysis

Adequate balance sheet with concerning outlook.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

10.7%

TOBII

1.5%

SE Tech

3.6%

SE Market


1 Year Return

-16.6%

TOBII

38.7%

SE Tech

9.4%

SE Market

Return vs Industry: TOBII underperformed the Swedish Tech industry which returned 38.7% over the past year.

Return vs Market: TOBII underperformed the Swedish Market which returned 9.4% over the past year.


Shareholder returns

TOBIIIndustryMarket
7 Day10.7%1.5%3.6%
30 Day21.5%17.5%6.8%
90 Day-11.4%27.0%-2.2%
1 Year-16.6%-16.6%41.1%38.7%10.9%9.4%
3 Year-34.9%-34.9%19.0%13.3%13.3%-2.0%
5 Year-18.2%-20.1%97.0%75.0%33.6%7.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TOBII is overvalued based on its PB Ratio (5.1x) compared to the XE Tech industry average (1.3x).


Next Steps

Future Growth

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

92.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: TOBII's revenue (9.5% per year) is forecast to grow faster than the Swedish market (5.9% per year).

High Growth Revenue: TOBII's revenue (9.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Tobii performed over the past 5 years?

-29.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TOBII is currently unprofitable.

Growing Profit Margin: TOBII is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TOBII is unprofitable, and losses have increased over the past 5 years at a rate of -29.9% per year.

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

Earnings vs Industry: TOBII is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (-12.7%).


Return on Equity

High ROE: TOBII has a negative Return on Equity (-21.64%), as it is currently unprofitable.


Next Steps

Financial Health

How is Tobii's financial position?


Financial Position Analysis

Short Term Liabilities: TOBII's short term assets (SEK874.4M) exceed its short term liabilities (SEK454.0M).

Long Term Liabilities: TOBII's short term assets (SEK874.4M) exceed its long term liabilities (SEK629.5M).


Debt to Equity History and Analysis

Debt Level: TOBII's debt to equity ratio (67.9%) is considered high.

Reducing Debt: TOBII's debt to equity ratio has increased from 39.7% to 67.9% 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: TOBII has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: TOBII has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 27.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

5.4yrs

Average management tenure


CEO

Henrik Eskilsson (45yo)

19.42yrs

Tenure

kr4,300,000

Compensation

Mr. Henrik Eskilsson has been a Co-founder and Chief Executive Officer of Tobii AB (publ) since 2001 and serves as its President. Mr. Eskilsson serves as the Chief Executive Officer at Tobii Assistive Tech ...


CEO Compensation Analysis

Compensation vs Market: Henrik's total compensation ($USD457.99K) is below average for companies of similar size in the Swedish market ($USD746.42K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Henrik Eskilsson
Co-Founder19.42yrskr4.30m4.57% SEK151.9m
Mårten Skogö
Co-Founder & Director1.08yrskr200.00k2.44% SEK81.1m
John Elvesjö
Co-Founder19.42yrskr100.00k2.9% SEK96.4m
Tom Englund
Division Chief Executive Officer of Tobii Pro & Tobii Groupno datakr3.40m0.055% SEK1.8m
Johan Wilsby
Chief Financial Officer2.83yrsno data0.010% SEK343.9k
Henrik Mawby
Head of Investor Relations0.083yrno datano data
Cecilia Eriksson
Global HR Director5.42yrsno datano data
Fredrik Ruben
Division Chief Executive Officer of Tobii Dynavoxno datano data0.061% SEK2.0m
Trent Smith
Chief IP Officerno datano datano data
Anand Srivatsa
Chief Executive Officer of Tobii Tech Division0.92yrno datano data

5.4yrs

Average Tenure

42yo

Average Age

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


Board Members

NamePositionTenureCompensationOwnership
Mårten Skogö
Co-Founder & Director1.08yrskr200.00k2.44% SEK81.1m
Jörgen Lantto
Independent Director1.08yrskr200.00k0.045% SEK1.5m
Kent Sander
Independent Chairman of the Board5.33yrskr600.00k0.20% SEK6.8m
Jan Wäreby
Independent Director4.08yrskr200.00k0.031% SEK1.0m
Nils Bernhard
Independent Director16.42yrskr300.00k1.19% SEK39.6m
Åsa Hedin
Independent Director5.42yrskr300.00k0.036% SEK1.2m
Charlotta Falvin
Independent Director2.08yrskr300.00kno data
Heli Arantola
Independent Director4.08yrskr200.00kno data

4.1yrs

Average Tenure

56.5yo

Average Age

Experienced Board: TOBII's board of directors are considered experienced (4.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: TOBII insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Tobii AB (publ)
  • Ticker: TOBII
  • Exchange: OM
  • Founded: 2001
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: kr3.323b
  • Shares outstanding: 99.06m
  • Website: https://www.tobii.com

Number of Employees


Location

  • Tobii AB (publ)
  • KarlsrovAegen 2D
  • Danderyd
  • Stockholm County
  • 182 53
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TOBIIOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKApr 2015
24TDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2015
TOBIIsBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKApr 2015
0R6WLSE (London Stock Exchange)YesCommon SharesGBSEKApr 2015
TBII.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2015

Biography

Tobii AB (publ) develops and sells eye-tracking technology and solutions in Sweden, rest of Europe, the United States, Asia/Oceania, and internationally. It operates through three segments: Tobii Dynavox, Tobii Pro, and Tobii Tech. The Tobii Dynavox segment offers augmentative and alternative communication solutions, such as eye-controlled communication devices, touch screen controlled communication devices, and computer accessories for access and eye control for spinal cord injuries, cerebral palsy, ALS, and other medical conditions. The Tobii Pro segment provides eye-tracking hardware, and analytics software solutions, as well as market research services and other consumer behavior studies that are used by companies and research institutions. The Tobii Tech segment offers eye-tracking integration solutions in the areas of gaming, computers, vehicles, virtual reality, and smartphones markets. The company offers its products through resellers, agents, and distributors. Tobii AB (publ) was founded in 2001 and is headquartered in Danderyd, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 10:16
End of Day Share Price2020/06/01 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.