OTCPK:NDCV.F

Stock Analysis Report

Executive Summary

Nordic Semiconductor ASA, a fabless semiconductor company, designs, develops, and sells integrated circuits and related solutions for short and long range wireless communication in Europe, the Americas, and the Asia/Pacific.

Snowflake

Fundamentals

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.2%

OTCPK:NDCV.F

2.0%

US Semiconductor

1.3%

US Market


1 Year Return

-15.4%

OTCPK:NDCV.F

11.1%

US Semiconductor

2.0%

US Market

NDCV.F underperformed the Semiconductor industry which returned 10.9% over the past year.

NDCV.F underperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

NDCV.FIndustryMarket
7 Day-0.2%2.0%1.3%
30 Day12.4%8.4%3.9%
90 Day27.5%16.8%3.4%
1 Year-15.4%-15.4%13.2%11.1%4.2%2.0%
3 Year11.7%11.7%84.0%73.2%47.2%37.6%
5 Year-16.4%-16.4%123.1%100.5%60.5%42.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Nordic Semiconductor undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Nordic Semiconductor's share price is below the future cash flow value, and at a moderate discount (> 20%).

Nordic Semiconductor's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Nordic Semiconductor is overvalued based on earnings compared to the US Semiconductor industry average.

Nordic Semiconductor is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Nordic Semiconductor is poor value based on expected growth next year.


Price Based on Value of Assets

Nordic Semiconductor is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Nordic Semiconductor expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

104.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Nordic Semiconductor's revenue is expected to grow significantly at over 20% yearly.

Nordic Semiconductor's earnings are expected to grow significantly at over 20% yearly.

Nordic Semiconductor's revenue growth is expected to exceed the United States of America market average.

Nordic Semiconductor's earnings growth is expected to exceed the United States of America market average.

Nordic Semiconductor's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Nordic Semiconductor is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Nordic Semiconductor performed over the past 5 years?

-26.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Nordic Semiconductor's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Nordic Semiconductor's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Nordic Semiconductor's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.


Return on Equity

Nordic Semiconductor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Nordic Semiconductor used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Nordic Semiconductor's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Nordic Semiconductor's financial position?


Financial Position Analysis

Nordic Semiconductor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Nordic Semiconductor's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Nordic Semiconductor has no debt.

Nordic Semiconductor has no debt compared to 5 years ago when it was 10.5%.

Nordic Semiconductor has no debt, it does not need to be covered by operating cash flow.

Nordic Semiconductor has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Nordic Semiconductor has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Nordic Semiconductor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Nordic Semiconductor's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Nordic Semiconductor has not reported any payouts.

Unable to verify if Nordic Semiconductor's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Nordic Semiconductor has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Nordic Semiconductor's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Nordic Semiconductor's salary, the management and board of directors tenure and is there insider trading?

5.0yrs

Average management tenure


CEO

Svenn-Tore Larsen (60yo)

17.6yrs

Tenure

US$587,000

Compensation

Mr. Svenn-Tore Larsen has been the Chief Executive Officer of Nordic Semiconductor ASA since February 2002. Mr. Larsen has been Director at poLight AS since May 2019. Mr. Larsen has broad Inter-National ex ...


CEO Compensation Analysis

Svenn-Tore's remuneration is lower than average for companies of similar size in United States of America.

Svenn-Tore's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.0yrs

Average Tenure

49yo

Average Age

The average tenure for the Nordic Semiconductor management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

0.4yrs

Average Tenure

48yo

Average Age

The average tenure for the Nordic Semiconductor board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Nordic Semiconductor individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$114,65811 Jul 19
Birger Steen
EntityIndividual
Role
Chairman of the Board
Chair of the Board of Directors
Shares25,000
Max PriceUS$4.59
BuyUS$23,14106 May 19
Øyvind Birkenes
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,112
Max PriceUS$4.53
BuyUS$213,11727 Feb 19
Birger Steen
EntityIndividual
Role
Chairman of the Board
Chair of the Board of Directors
Shares50,000
Max PriceUS$4.26
BuyUS$138,41626 Feb 19
Birger Steen
EntityIndividual
Role
Chairman of the Board
Chair of the Board of Directors
Shares33,000
Max PriceUS$4.19
BuyUS$83,39126 Feb 19
Birger Steen
EntityIndividual
Role
Chairman of the Board
Chair of the Board of Directors
Shares20,000
Max PriceUS$4.17
BuyUS$33,52118 Dec 18
Birger Steen
EntityIndividual
Role
Chairman of the Board
Chair of the Board of Directors
Shares10,000
Max PriceUS$3.35
BuyUS$48,74310 Dec 18
Svenn-Tore Larsen
EntityIndividual
Role
Chief Executive Officer
Chief Executive Officer
Shares15,000
Max PriceUS$3.25
BuyUS$5,30304 Dec 18
Marianne Frydenlund
EntityIndividual
Role
Chief Legal Officer
Legal Director & Acting Secretary
Shares1,500
Max PriceUS$3.54
BuyUS$17,44303 Dec 18
Pål Elstad
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares5,000
Max PriceUS$3.49
BuyUS$7,01503 Dec 18
Svein-Egil Nielsen
EntityIndividual
Role
Chief Technology Officer
Chief Technology Officer
Shares2,000
Max PriceUS$3.51

Ownership Breakdown


Management Team

  • Svein-Egil Nielsen (50yo)

    Chief Technology Officer

    • Tenure: 0yrs
    • Compensation: US$338.00k
  • Svenn-Tore Larsen (60yo)

    Chief Executive Officer

    • Tenure: 17.6yrs
    • Compensation: US$587.00k
  • Geir Langeland (49yo)

    Sales & Marketing Director

    • Tenure: 14yrs
    • Compensation: US$345.00k
  • Pål Elstad (48yo)

    Chief Financial Officer

    • Tenure: 5yrs
    • Compensation: US$356.00k
  • Marianne Frydenlund (39yo)

    Legal Director & Acting Secretary

    • Tenure: 1.6yrs
    • Compensation: US$151.37k
  • Annastiina Hintsa

    Director

    • Tenure: 0.4yrs
  • Ståle Ytterdal

    Director of Investor Relation

    • Tenure: 0yrs
  • Katarina Finneng

    Human Resource Director

    • Tenure: 0yrs

Board Members

  • Birger Steen (53yo)

    Chair of the Board of Directors

    • Tenure: 0.8yrs
  • Jan Frykhammar (54yo)

    Director

    • Tenure: 0.4yrs
  • Anita Huun

    Director

    • Tenure: 0.4yrs
  • Jon Nistad (38yo)

    Employee Representative Director

    • Tenure: 0yrs
  • Inger Ørstavik (45yo)

    Director

    • Tenure: 2.4yrs
  • Asbjørn Sæbø (51yo)

    Employee Representative Director

    • Tenure: 3.3yrs
  • Susheel Nuguru (38yo)

    Employee Representative Director

    • Tenure: 1.7yrs
  • Endre Holen

    Director

    • Tenure: 0.4yrs
  • Øyvind Birkenes

    Director

    • Tenure: 0.4yrs
  • Annastiina Hintsa

    Director

    • Tenure: 0.4yrs

Company Information

Nordic Semiconductor ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nordic Semiconductor ASA
  • Ticker: NDCV.F
  • Exchange: OTCPK
  • Founded: 1983
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: kr8.257b
  • Listing Market Cap: kr920.414m
  • Shares outstanding: 175.24m
  • Website: https://www.nordicsemi.com

Number of Employees


Location

  • Nordic Semiconductor ASA
  • Otto Nielsens veg 12
  • Trondheim
  • Sør-Trøndelag
  • 7052
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NODOB (Oslo Bors)YesRegistered SharesNONOKMay 1996
0FF9LSE (London Stock Exchange)YesRegistered SharesGBNOKMay 1996
NDCV.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDMay 1996
NODoBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBNOKMay 1996

Biography

Nordic Semiconductor ASA, a fabless semiconductor company, designs, develops, and sells integrated circuits and related solutions for short and long range wireless communication in Europe, the Americas, an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 00:09
End of Day Share Price2019/09/11 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.