OTCPK:SILX.F

Stock Analysis Report

Executive Summary

Silex Systems Limited researches, develops, commercializes, and licenses SILEX laser uranium enrichment technology in Australia.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

17.9%

SILX.F

6.7%

US Semiconductor

3.4%

US Market


1 Year Return

102.1%

SILX.F

18.4%

US Semiconductor

5.4%

US Market

Return vs Industry: SILX.F exceeded the US Semiconductor industry which returned 18.4% over the past year.

Return vs Market: SILX.F exceeded the US Market which returned 5.4% over the past year.


Shareholder returns

SILX.FIndustryMarket
7 Day17.9%6.7%3.4%
30 Day34.2%0.6%-1.0%
90 Day-10.9%6.6%-0.4%
1 Year102.1%102.1%20.8%18.4%7.7%5.4%
3 Year33.5%33.5%82.3%71.5%46.2%36.8%
5 Year-48.2%-48.2%140.3%115.5%65.6%47.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

2.29x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate SILX.F's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate SILX.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: SILX.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate SILX.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SILX.F is good value based on its PB Ratio (2.3x) compared to the US Semiconductor industry average (2.8x).


Next Steps

Future Growth

How is Silex Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.1%

Forecasted Semiconductors industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Silex Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Examine Silex Systems's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Silex Systems's filings and announcements here.
  • Explore growth companies in the Semiconductors industry.

Past Performance

How has Silex Systems performed over the past 5 years?

-26.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SILX.F is unprofitable, and losses have increased over the past 5 years at a rate of -26% per year.

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

Earnings vs Industry: SILX.F is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-6.2%).


Return on Equity

High ROE: SILX.F has a negative Return on Equity (-14.3%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SILX.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SILX.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Silex Systems's financial position?


Financial Position Analysis

Short Term Liabilities: SILX.F's short term assets (A$37.4M) exceeds its short term liabilities (A$1.5M)

Long Term Liabilities: SILX.F's short term assets (37.4M) exceeds its long term liabilities (18.8K)


Debt to Equity History and Analysis

Debt Level: SILX.F is debt free.

Reducing Debt: SILX.F has not had any debt for past 5 years.


Balance Sheet

Inventory Level: SILX.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SILX.F's debt is covered by short term assets.


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: SILX.F has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: SILX.F has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -12.3% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate SILX.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SILX.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SILX.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 SILX.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

4.5yrs

Average board tenure


CEO

Michael Goldsworthy (61yo)

0yrs

Tenure

AU$557,679

Compensation

Dr. Michael P. Goldsworthy, BSc (Hons), MSc, Ph.D., FAIP, GAICD serves as Chairman and Chief Executive Officer at Translucent Inc. Dr. Goldsworthy serves as Chief Executive Officer and Managing Director of ...


CEO Compensation Analysis

Compensation vs. Market: Michael's total compensation ($USD377.09K) is about average for companies of similar size in the US market ($USD493.02K).

Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.


Board Age and Tenure

4.5yrs

Average Tenure

Experienced Board: SILX.F's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$16,59129 May 19
Craig Roy
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares65,000
Max PriceAU$0.26
BuyAU$6,84829 May 19
Melissa Holzberger
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares27,777
Max PriceAU$0.25

Ownership Breakdown


Management Team

  • Michael Goldsworthy (61yo)

    CEO, MD & Executive Director

    • Tenure: 0yrs
    • Compensation: AU$557.68k
  • Julie Ducie

    CFO & Company Secretary

    • Tenure: 7.7yrs
    • Compensation: AU$397.58k

Board Members

  • Chris Wilks (61yo)

    Non-Executive Director

    • Tenure: 8.3yrs
    • Compensation: AU$87.60k
  • Michael Goldsworthy (61yo)

    CEO, MD & Executive Director

    • Tenure: 0yrs
    • Compensation: AU$557.68k
  • Craig Roy

    Non-Executive Chairman

    • Tenure: 0.8yrs
    • Compensation: AU$54.75k
  • Melissa Holzberger

    Non-Executive Director

    • Tenure: 0.8yrs
    • Compensation: AU$43.80k

Company Information

Silex Systems Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Silex Systems Limited
  • Ticker: SILX.F
  • Exchange: OTCPK
  • Founded: 1988
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: AU$78.415m
  • Listing Market Cap: AU$53.022m
  • Shares outstanding: 170.47m
  • Website: https://www.silex.com.au

Location

  • Silex Systems Limited
  • Building 64
  • Lucas Heights Science and Technology Centre
  • Sydney
  • New South Wales
  • 2234
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SILX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 1998
SLXASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMay 1998
RW4DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1998
SLXCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMay 1998
SILX.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDMar 2001

Biography

Silex Systems Limited researches, develops, commercializes, and licenses SILEX laser uranium enrichment technology in Australia. The company was founded in 1988 and is based in Sydney, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 23:46
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.