REC Silicon ASA, together with its subsidiaries, produces and sells silicon materials for the solar and electronics industries worldwide. More Details
Limited growth with imperfect balance sheet.
Share Price & News
How has REC Silicon's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RNWE.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RNWE.F underperformed the US Semiconductor industry which returned 41.5% over the past year.
Return vs Market: RNWE.F underperformed the US Market which returned 13.8% over the past year.
Price Volatility Vs. Market
How volatile is REC Silicon's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is REC Silicon undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether REC Silicon is trading at an attractive price based on the cash flow it is expected to produce in the future. But as REC Silicon has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
- Take a look at our analysis of RNWE.F's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don't know where to start, we recommend reading through REC Silicon regulatory filings here.
- Explore potentially undervalued companies in the Semiconductors industry.
How is REC Silicon forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RNWE.F is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: RNWE.F is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: RNWE.F is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: RNWE.F's revenue (21.4% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: RNWE.F's revenue (21.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RNWE.F is forecast to be unprofitable in 3 years.
How has REC Silicon performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RNWE.F is currently unprofitable.
Growing Profit Margin: RNWE.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RNWE.F is unprofitable, and losses have increased over the past 5 years at a rate of 21.8% per year.
Accelerating Growth: Unable to compare RNWE.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RNWE.F is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (7.5%).
Return on Equity
High ROE: RNWE.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
How is REC Silicon's financial position?
Financial Position Analysis
Short Term Liabilities: RNWE.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RNWE.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: RNWE.F has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RNWE.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: RNWE.F has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: RNWE.F has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 45.2% each year
What is REC Silicon current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RNWE.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RNWE.F'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 RNWE.F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RNWE.F'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 RNWE.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
Tore Torvund (68 yo)
Mr. Tore Torvund has been the Chief Executive Officer and President at REC Silicon ASA since December 1, 2013. Mr. Torvund served as an Executive Vice President of REC Silicon at Renewable Energy Corporati ...
CEO Compensation Analysis
Compensation vs Market: Tore's total compensation ($USD991.54K) is above average for companies of similar size in the US market ($USD603.09K).
Compensation vs Earnings: Tore's compensation has increased whilst the company is unprofitable.
|CEO & President||6.75yrs||US$991.54k||0.058% |
|Chief Financial Officer||6.75yrs||US$301.64k||0.098% |
|Vice President of Human Resources||no data||no data||no data|
|Senior Vice President of EG Polysilicon & Silicon Gases||4.08yrs||US$45.14k||no data|
|Vice President Business Development||4.08yrs||US$28.22k||no data|
Experienced Management: RNWE.F's management team is seasoned and experienced (5.4 years average tenure).
|Chairman of the Board||0.33yr||no data||no data|
|Director||0.33yr||no data||no data|
|Independent Director||6.83yrs||US$41.68k||no data|
Experienced Board: RNWE.F's board of directors are considered experienced (3.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
REC Silicon ASA's company bio, employee growth, exchange listings and data sources
- Name: REC Silicon ASA
- Ticker: RNWE.F
- Exchange: OTCPK
- Founded: 1996
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: kr1.024b
- Listing Market Cap: kr106.869m
- Shares outstanding: 279.82m
- Website: https://www.recsilicon.com
Number of Employees
- REC Silicon ASA
- Fornebuveien 84
- PO Box 63
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|REC||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||May 2006|
|R3Q||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2006|
|RNWE.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 2006|
|0FS8||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||May 2006|
|RECO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||May 2006|
|RNWE.Y||OTCPK (Pink Sheets LLC)||UNSPONSORED ADS||US||USD||Oct 2008|
REC Silicon ASA, together with its subsidiaries, produces and sells silicon materials for the solar and electronics industries worldwide. It offers various solar grade polysilicon for solar applications, i ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/27 05:48|
|End of Day Share Price||2020/09/24 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.