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.
NDCV.F passed our risk checks.
Flawless balance sheet with high growth potential.
Share Price & News
How has Nordic Semiconductor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NDCV.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NDCV.F underperformed the US Semiconductor industry which returned 8.4% over the past year.
Return vs Market: NDCV.F exceeded the US Market which returned -8.1% over the past year.
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
Is Nordic Semiconductor undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NDCV.F ($4.52) is trading below our estimate of fair value ($11.63)
Significantly Below Fair Value: NDCV.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NDCV.F is poor value based on its PE Ratio (113.2x) compared to the Semiconductor industry average (28.2x).
PE vs Market: NDCV.F is poor value based on its PE Ratio (113.2x) compared to the US market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: NDCV.F is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: NDCV.F is overvalued based on its PB Ratio (3.6x) compared to the US Semiconductor industry average (2.4x).
How is Nordic Semiconductor forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NDCV.F's forecast earnings growth (58.5% per year) is above the savings rate (1.7%).
Earnings vs Market: NDCV.F's earnings (58.5% per year) are forecast to grow faster than the US market (13.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NDCV.F's revenue (20.1% per year) is forecast to grow faster than the US market (6.9% per year).
High Growth Revenue: NDCV.F's revenue (20.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NDCV.F's Return on Equity is forecast to be low in 3 years time (18.7%).
How has Nordic Semiconductor performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NDCV.F has high quality earnings.
Growing Profit Margin: NDCV.F's current net profit margins (2.5%) are lower than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: NDCV.F's earnings have declined by -34.5% per year over the past 5 years.
Accelerating Growth: NDCV.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NDCV.F had negative earnings growth (-17.3%) over the past year, making it difficult to compare to the Semiconductor industry average (-30.5%).
Return on Equity
High ROE: NDCV.F's Return on Equity (3.2%) is considered low.
How is Nordic Semiconductor's financial position?
Financial Position Analysis
Short Term Liabilities: NDCV.F's short term assets ($219.6M) exceed its short term liabilities ($66.0M).
Long Term Liabilities: NDCV.F's short term assets ($219.6M) exceed its long term liabilities ($20.2M).
Debt to Equity History and Analysis
Debt Level: NDCV.F is debt free.
Reducing Debt: NDCV.F had no debt 5 years ago.
Debt Coverage: NDCV.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NDCV.F has no debt, therefore coverage of interest payments is not a concern.
What is Nordic Semiconductor's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NDCV.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate NDCV.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NDCV.F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NDCV.F's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: NDCV.F is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NDCV.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Svenn-Tore Larsen (60yo)
Mr. Svenn-Tore Larsen has been the Chief Executive Officer of Nordic Semiconductor ASA since February 2002. Mr. Larsen has been Director at poLight AS since May 2019. Mr. Larsen has broad Inter-National ex ...
CEO Compensation Analysis
Compensation vs Market: Svenn-Tore's total compensation ($USD583.00K) is below average for companies of similar size in the US market ($USD3.17M).
Compensation vs Earnings: Svenn-Tore's compensation has been consistent with company performance over the past year.
|Chief Executive Officer||18.17yrs||US$583.00k||1.08% $9.0m|
|Chief Financial Officer||5.58yrs||US$368.00k||0.0050% $41.9k|
|CTO & Strategy Director||no data||US$412.00k||0.0096% $80.4k|
|Director of Investor Relation & Strategic Sales||no data||US$389.00k||0.14% $1.2m|
|Legal Director & Acting Secretary||2.17yrs||US$190.00k||0.0011% $9.4k|
|Sales & Marketing Director||14.58yrs||US$382.00k||0.10% $841.1k|
|Human Resource Director||0.58yr||US$210.00k||no data|
|Quality Director||18.25yrs||US$253.00k||0.039% $326.1k|
|Supply Chain Director||10.25yrs||US$427.00k||0.091% $757.3k|
|Director of Project Management||no data||US$188.00k||0.0037% $31.3k|
Experienced Management: NDCV.F's management team is seasoned and experienced (10.3 years average tenure).
|Chair of the Board of Directors||1.33yrs||US$104.00k||0.096% $802.0k|
|Employee Representative Director||no data||US$11.00k||no data|
|Employee Representative Director||3.92yrs||US$11.00k||0.0057% $47.3k|
|Employee Representative Director||2.25yrs||US$11.00k||no data|
Experienced Board: NDCV.F's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NDCV.F insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nordic Semiconductor ASA's company bio, employee growth, exchange listings and data sources
- Name: Nordic Semiconductor ASA
- Ticker: NDCV.F
- Exchange: OTCPK
- Founded: 1983
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: kr8.562b
- Listing Market Cap: kr834.485m
- Shares outstanding: 176.31m
- Website: https://www.nordicsemi.com
Number of Employees
- Nordic Semiconductor ASA
- Otto Nielsens veg 12
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NOD||OB (Oslo Bors)||Yes||Registered Shares||NO||NOK||May 1996|
|0FF9||LSE (London Stock Exchange)||Yes||Registered Shares||GB||NOK||May 1996|
|NDCV.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||May 1996|
|NODo||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Registered Shares||GB||NOK||May 1996|
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. The company specializes in ultra-low power components, based on its proprietary 2.4 GHz RF, Bluetooth low energy, and LTE-M and NB- Internet of Things (IoT); and develops long power cellular IoT. It also provides Bluetooth 5 solutions; low power cellular devices for the IoT; and Bluetooth 5.1 solutions for direction finding applications. In addition, the company offers Zigbee 3.0 IoT solutions; Thread solution for low-power IEEE 802.15.4 devices; nRF52 and nRF51 series system-on-chips, and nRF5 software development kits; ANT, a proprietary ultra-low power wireless solution for battery operated products; and application specific integrated circuits and related consulting services. Further, it provides software for system development, communication stacks, and application layer software, as well as development tools for desktops, mobiles, and clouds. The company’s products are used in various applications, such as audio and music, automotives, beacons, computer peripherals, connected health and homes, education, industrial automation, LED lightings, logistics and transport, retail and payment, sports and fitness, toys and gaming, virtual reality and augmented reality products, mobile phone accessories, and consumer electronics, as well as wearables, including connected watches, jewelry, proximity tags, and smart clothes and apparels. Nordic Semiconductor ASA was founded in 1983 and is headquartered in Trondheim, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 03:28|
|End of Day Share Price||2020/04/08 00:00|
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.