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TOBI

TobiiOM:TOBII Stock Report

Market Cap

kr6.6b

7D

-2.5%

1Y

20.1%

Updated

25 Oct, 2021

Data

Company Financials +
TOBII fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

TOBII Overview

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

Rewards

Trading at 29.1% below our estimate of its fair value

Earnings are forecast to grow 107.78% per year

Risk Analysis

No risks detected for TOBII from our risk checks.

Tobii Competitors

Seeing Machines

AIM:SEE

UK£379.7m

Utechzone

TPEX:3455

NT$3.5b

Control Bionics

ASX:CBL

AU$48.5m

Price History & Performance

Summary of all time highs, changes and price drops for Tobii
Historical stock prices
Current Share Pricekr62.50
52 Week Highkr40.78
52 Week Lowkr79.95
Beta1.55
1 Month Change-1.65%
3 Month Change-2.04%
1 Year Change20.08%
3 Year Change80.12%
5 Year Change-10.39%
Change since IPO81.16%

Recent News & Updates

Aug 25
Is Tobii (STO:TOBII) A Risky Investment?

Is Tobii (STO:TOBII) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Aug 07
Estimating The Fair Value Of Tobii AB (publ) (STO:TOBII)

Estimating The Fair Value Of Tobii AB (publ) (STO:TOBII)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Tobii AB (publ...

Jul 01
At kr66.25, Is It Time To Put Tobii AB (publ) (STO:TOBII) On Your Watch List?

At kr66.25, Is It Time To Put Tobii AB (publ) (STO:TOBII) On Your Watch List?

Tobii AB (publ) ( STO:TOBII ), is not the largest company out there, but it saw a decent share price growth in the...

Shareholder Returns

TOBIISE TechSE Market
7D-2.5%2.8%2.2%
1Y20.1%10.8%34.1%

Return vs Industry: TOBII exceeded the Swedish Tech industry which returned 10.8% over the past year.

Return vs Market: TOBII underperformed the Swedish Market which returned 34.1% over the past year.

Price Volatility

Is TOBII's price volatile compared to industry and market?
TOBII volatility
TOBII Beta1.55
Industry Beta0.76
Market Beta1

Stable Share Price: TOBII is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TOBII's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001963Henrik Eskilssonhttps://www.tobii.com

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

Tobii Fundamentals Summary

How do Tobii's earnings and revenue compare to its market cap?
TOBII fundamental statistics
Market Capkr6.55b
Earnings (TTM)-kr154.30m
Revenue (TTM)kr1.33b

4.7x

P/S Ratio

-40.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TOBII income statement (TTM)
Revenuekr1.33b
Cost of Revenuekr429.70m
Gross Profitkr904.90m
Expenseskr1.06b
Earnings-kr154.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)-1.53
Gross Margin67.80%
Net Profit Margin-11.56%
Debt/Equity Ratio100.5%

How did TOBII perform over the long term?

See historical performance and comparison

Valuation

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

31.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TOBII (SEK65.05) is trading below our estimate of fair value (SEK91.8)

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


Price To Earnings Ratio

PE vs Industry: TOBII is unprofitable, so we can't compare its PE Ratio to the European 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 (14.2x) compared to the SE Tech industry average (3.1x).


Future Growth

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

107.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

High Growth Earnings: TOBII's is expected to become profitable in the next 3 years.

Revenue vs Market: TOBII's revenue (15.5% per year) is forecast to grow faster than the Swedish market (4.8% per year).

High Growth Revenue: TOBII's revenue (15.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TOBII's Return on Equity is forecast to be low in 3 years time (15.5%).


Past Performance

How has Tobii performed over the past 5 years?

-9.8%

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 9.8% 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 (48.7%).


Return on Equity

High ROE: TOBII has a negative Return on Equity (-33.76%), as it is currently unprofitable.


Financial Health

How is Tobii's financial position?


Financial Position Analysis

Short Term Liabilities: TOBII's short term assets (SEK711.5M) do not cover its short term liabilities (SEK938.8M).

Long Term Liabilities: TOBII's short term assets (SEK711.5M) exceed its long term liabilities (SEK225.9M).


Debt to Equity History and Analysis

Debt Level: TOBII's debt to equity ratio (100.5%) is considered high.

Reducing Debt: Insufficient data to determine if TOBII's debt to equity ratio has reduced 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 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TOBII has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Tobii 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?

2.5yrs

Average management tenure


CEO

Henrik Eskilsson (47 yo)

20.75yrs

Tenure

kr4,600,000

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 ($USD536.18K) is about average for companies of similar size in the Swedish market ($USD753.56K).

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


Leadership Team

Experienced Management: TOBII's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: TOBII's board of directors are considered experienced (5.4 years average tenure).


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Tobii AB (publ)'s 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: kr6.551b
  • Shares outstanding: 100.70m
  • Website: https://www.tobii.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 18:00
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.