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Finjan Holdings

Nasdaq:FNJN
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FNJN
Nasdaq
$63M
Market Cap
  1. Home
  2. US
  3. Software
Company description

Finjan Holdings, Inc., a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The last earnings update was 43 days ago. More info.


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  • Finjan Holdings has significant price volatility in the past 3 months.
FNJN Share Price and Events
7 Day Returns
6%
NasdaqCM:FNJN
1.4%
US Software
1.2%
US Market
1 Year Returns
-26%
NasdaqCM:FNJN
22.8%
US Software
2.3%
US Market
FNJN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Finjan Holdings (FNJN) 6% -10.6% -23.7% -26% 28.1% -46.2%
US Software 1.4% 2.1% 6.1% 22.8% 122.4% 152.7%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • FNJN underperformed the Software industry which returned 22.8% over the past year.
  • FNJN underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
FNJN
Industry
5yr Volatility vs Market
Related Companies

FNJN Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Finjan Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Finjan Holdings.

NasdaqCM:FNJN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:FNJN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.138 (1 + (1- 21%) (4.26%))
1.118
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.118 * 5.96%)
9.39%

Discounted Cash Flow Calculation for NasdaqCM:FNJN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Finjan Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:FNJN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.39%)
2019 22.23 Analyst x1 20.32
2020 10.40 Analyst x1 8.69
2021 8.16 Est @ -21.53% 6.24
2022 7.00 Est @ -14.25% 4.89
2023 6.36 Est @ -9.16% 4.06
2024 6.00 Est @ -5.59% 3.50
2025 5.82 Est @ -3.09% 3.10
2026 5.74 Est @ -1.35% 2.80
2027 5.73 Est @ -0.12% 2.55
2028 5.77 Est @ 0.73% 2.35
Present value of next 10 years cash flows $58.51
NasdaqCM:FNJN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $5.77 × (1 + 2.73%) ÷ (9.39% – 2.73%)
$89.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $89.02 ÷ (1 + 9.39%)10
$36.27
NasdaqCM:FNJN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $58.51 + $36.27
$94.78
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $94.78 / 27.61
$3.43
NasdaqCM:FNJN Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.43
Current discount Discount to share price of $2.28
= -1 x ($2.28 - $3.43) / $3.43
33.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Finjan Holdings is available for.
Intrinsic value
34%
Share price is $2.28 vs Future cash flow value of $3.43
Current Discount Checks
For Finjan Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Finjan Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Finjan Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Finjan Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Finjan Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:FNJN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.53
NasdaqCM:FNJN Share Price ** NasdaqCM (2019-06-19) in USD $2.28
United States of America Software Industry PE Ratio Median Figure of 81 Publicly-Listed Software Companies 50.52x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Finjan Holdings.

NasdaqCM:FNJN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:FNJN Share Price ÷ EPS (both in USD)

= 2.28 ÷ -0.53

-4.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Finjan Holdings is loss making, we can't compare its value to the US Software industry average.
  • Finjan Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Finjan Holdings's expected growth come at a high price?
Raw Data
NasdaqCM:FNJN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
88.5%per year
United States of America Software Industry PEG Ratio Median Figure of 67 Publicly-Listed Software Companies 3.02x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Finjan Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Finjan Holdings's assets?
Raw Data
NasdaqCM:FNJN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $1.77
NasdaqCM:FNJN Share Price * NasdaqCM (2019-06-19) in USD $2.28
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.72x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NasdaqCM:FNJN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:FNJN Share Price ÷ Book Value per Share (both in USD)

= 2.28 ÷ 1.77

1.29x

* Primary Listing of Finjan Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Finjan Holdings is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Finjan Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Finjan Holdings has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FNJN Future Performance

 How is Finjan Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
88.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Finjan Holdings expected to grow at an attractive rate?
  • Finjan Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Finjan Holdings's earnings growth is expected to exceed the United States of America market average.
  • Finjan Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:FNJN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:FNJN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 88.5%
NasdaqCM:FNJN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 37.3%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:FNJN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:FNJN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 47 9 1
2019-12-31 59 18 1
NasdaqCM:FNJN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 17 -37 -14
2018-12-31 82 26 20
2018-09-30 106 41 41
2018-06-30 106 49 44
2018-03-31 91 56 30
2017-12-31 50 17 18
2017-09-30 35 11 9
2017-06-30 37 14 9
2017-03-31 41 22 11
2016-12-31 18 1 -6
2016-09-30 14 -2 -11
2016-06-30 13 -3 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Finjan Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Finjan Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:FNJN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Finjan Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:FNJN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.33 0.33 0.33 1.00
2019-12-31 0.65 0.65 0.65 1.00
NasdaqCM:FNJN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.53
2018-12-31 0.72
2018-09-30 1.48
2018-06-30 1.60
2018-03-31 1.14
2017-12-31 0.71
2017-09-30 0.37
2017-06-30 0.37
2017-03-31 0.47
2016-12-31 -0.28
2016-09-30 -0.50
2016-06-30 -0.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Finjan Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Finjan Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Finjan Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FNJN Past Performance

  How has Finjan Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Finjan Holdings's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Finjan Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Finjan Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Finjan Holdings's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
Finjan Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Finjan Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:FNJN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 17.30 -14.48 13.53 2.11
2018-12-31 82.30 19.81 15.69 2.09
2018-09-30 105.73 40.69 21.03 2.10
2018-06-30 105.73 44.07 20.20 1.97
2018-03-31 90.74 30.27 18.47 1.78
2017-12-31 50.48 17.93 16.30 1.47
2017-09-30 35.46 8.87 9.26 1.35
2017-06-30 36.60 8.50 8.23 0.95
2017-03-31 40.81 10.67 9.03 0.67
2016-12-31 18.39 -6.44 14.43 0.57
2016-09-30 13.98 -11.41 17.01 0.40
2016-06-30 12.83 -11.51 18.17 0.50
2016-03-31 7.01 -9.56 15.10 0.44
2015-12-31 4.69 -12.60 17.36 0.39
2015-09-30 0.70 -15.63 10.30 0.35
2015-06-30 5.70 -10.25 11.59
2015-03-31 5.00 -12.01 16.23
2014-12-31 5.00 -8.53 13.81
2014-09-30 4.41 -6.70 9.56
2014-06-30 -0.20 -8.75 7.48
2014-03-31 -5.55 4.57
2013-12-31 -5.59 3.63
2013-09-30 -11.88 41.70 6.08
2013-06-30 -2.92 48.99 4.83
2013-03-31 50.33 3.44
2012-12-31 50.99 2.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Finjan Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Finjan Holdings has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Finjan Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Finjan Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Finjan Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FNJN Health

 How is Finjan Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Finjan Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Finjan Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Finjan Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Finjan Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Finjan Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Finjan Holdings Company Filings, last reported 2 months ago.

NasdaqCM:FNJN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 48.92 2.68 40.48
2018-12-31 54.68 0.00 43.31
2018-09-30 62.08 0.00 51.14
2018-06-30 64.67 0.00 65.01
2018-03-31 59.69 0.00 80.44
2017-12-31 47.49 0.00 41.17
2017-09-30 33.36 0.00 33.40
2017-06-30 35.78 0.00 39.88
2017-03-31 23.31 0.00 26.43
2016-12-31 14.37 0.00 13.68
2016-09-30 10.47 0.00 11.56
2016-06-30 16.10 0.00 17.23
2016-03-31 5.32 0.00 5.06
2015-12-31 6.34 0.00 6.10
2015-09-30 7.27 0.00 7.16
2015-06-30 11.76 0.00 11.91
2015-03-31 14.30 0.00 15.01
2014-12-31 18.12 0.00 17.51
2014-09-30 23.42 0.00 20.39
2014-06-30 22.46 0.00 20.56
2014-03-31 25.36 0.00 23.55
2013-12-31 27.02 0.00 24.58
2013-09-30 29.42 0.00 27.15
2013-06-30 30.68 0.00 28.52
2013-03-31 28.79 0.00 29.35
2012-12-31 42.42 33.94 91.55
  • Finjan Holdings has no debt.
  • Finjan Holdings had no debt 5 years ago.
  • Finjan Holdings has no debt, it does not need to be covered by operating cash flow.
  • Finjan Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Finjan Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Finjan Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FNJN Dividends

 What is Finjan Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Finjan Holdings dividends.
If you bought $2,000 of Finjan Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Finjan Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Finjan Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:FNJN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:FNJN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Finjan Holdings has not reported any payouts.
  • Unable to verify if Finjan Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Finjan Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Finjan Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Finjan Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Finjan Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Finjan Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FNJN Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Phil Hartstein
COMPENSATION $2,083,300
AGE 42
TENURE AS CEO 4.9 years
CEO Bio

Mr. Philip Hartstein, known as Phil, has been the President of Finjan Holdings, Inc. since June 3, 2013 and has been its Chief Executive Officer since July 10, 2014. He has served as President of Finjan Holdings, Inc.’s subsidiary, Finjan, Inc., since April 2013. Mr. Hartstein served as the President of Converted Organics Inc. Previously, he served as a Vice President and Portfolio Manager with IP Navigation Group a full-service patent monetization firm from 2012 to 2013. He served as Managing Director with Rembrandt IP, a firm that specializes in investing in and monetizing infringed intellectual property, from 2009 to 2012. Preivously, Mr. Hartstein served as a Director with IPotential in the patent brokerage group, a Director and Member of Ocean Tomo's management team overseeing both the patent analytics and IP acquisitions groups, working as an in-house IP Manager for a medical device start-up and as a patent engineer for boutique IP law firm. Mr. Hartstein is charged with the direction and management of current assets and future investments as well as working with the company's executive management team to execute the shareholder's vision as a public technology company. He has served as a Board Member to the Company's subsidiary, Finjan Mobile, Inc., since June 2015. In addition, Mr. Hartstein oversees the Company's strategic LP investment in Jerusalem Venture Partners ("JVP") Cyber Strategic Partners venture fund since the Company's August 2013 investment. Mr. Hartstein is recognized for his expertise in IP monetization efforts, for both private and public companies often ranked as one of the lAM 300 "World's Leading IP Strategists" and recently named, two years running, as one of the Top 40 "Global Players" driving the world's rapidly changing IP market. Recently, Mr. Hartstein accepted a Board seat with the Licensing Executives Society's standards development organization (SDO) working to drive standard practices into IP management and licensing, globally. Additionally, Mr. Hartstein was appointed for a three-year term on the American Intellectual Property Law Association's (AIPLA) Public Appointments Committee. Mr. Hartstein received a B.S. in Industrial Technology from California Polytechnic State University–San Luis Obispo in 2000. Today, Mr. Hartstein continues to be involved with the university's Center for Innovation and Entrepreneurship (CIE) where he is an Entrepreneur in Residence.

CEO Compensation
  • Phil's compensation has increased whilst company is loss making.
  • Phil's remuneration is higher than average for companies of similar size in United States of America.
Management Team

Phil Hartstein

TITLE
President & CEO
COMPENSATION
$2M
AGE
42
TENURE
4.9 yrs

Julie Mar-Spinola

TITLE
Chief Intellectual Property Officer & VP of Legal Operations
COMPENSATION
$2M
AGE
61
TENURE
5.3 yrs

Jevan Anderson

TITLE
Chief Financial Officer

Vanessa Winter

TITLE
Director of Investor Relations & Corporate Communications

Rebecca Galdos

TITLE
Manager of Office & Human Resources

Sharmila Patel

TITLE
Senior Director of Finance & Controller

Shlomo Touboul

TITLE
Senior Advisor
Board of Directors Tenure

Average tenure and age of the Finjan Holdings board of directors in years:

5.2
Average Tenure
57
Average Age
  • The tenure for the Finjan Holdings board of directors is about average.
Board of Directors

Daniel Chinn

TITLE
Chairman
COMPENSATION
$552K
AGE
52
TENURE
4.9 yrs

Eric Benhamou

TITLE
Independent Director
COMPENSATION
$93K
AGE
62
TENURE
6 yrs

Glenn Daniel

TITLE
Independent Director
COMPENSATION
$83K
AGE
71
TENURE
5.2 yrs

Alex Rogers

TITLE
Independent Director
AGE
44
TENURE
6 yrs

Harry Kellogg

TITLE
Independent Director
COMPENSATION
$65K
AGE
74
TENURE
5.2 yrs

Michael Southworth

TITLE
Independent Director
COMPENSATION
$83K
AGE
45
TENURE
5.2 yrs

Gary Moore

TITLE
Director
COMPENSATION
$632K
AGE
69
TENURE
3.6 yrs

John Greene

TITLE
Director
AGE
42
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Finjan Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Finjan Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FNJN News

Simply Wall St News

Those Who Purchased Finjan Holdings (NASDAQ:FNJN) Shares Five Years Ago Have A 56% Loss To Show For It

Check out our latest analysis for Finjan Holdings Given that Finjan Holdings didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … Over five years, Finjan Holdings grew its revenue at 59% per year. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

Simply Wall St -

Do You Like Finjan Holdings, Inc. (NASDAQ:FNJN) At This P/E Ratio?

We'll look at Finjan Holdings, Inc.'s (NASDAQ:FNJN) P/E ratio and reflect on what it tells us about the company's share price. … Looking at earnings over the last twelve months, Finjan Holdings has a P/E ratio of 4.37. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Could The Finjan Holdings, Inc. (NASDAQ:FNJN) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Finjan Holdings, Inc. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Finjan Holdings is a smaller company with a market capitalization of US$83m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

A Closer Look At Finjan Holdings, Inc.'s (NASDAQ:FNJN) Impressive ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every $1 worth of shareholders' equity, it generated $0.38 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

If You Had Bought Finjan Holdings Shares Three Years Ago You'd Have Made 274%

It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Finjan Holdings moved from a loss to profitability.

Simply Wall St -

Finjan Holdings, Inc. (NASDAQ:FNJN): Time For A Financial Health Check

(NASDAQ:FNJN), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … However, the trade-off is FNJN will have to follow strict debt obligations which will reduce its financial flexibility. … Is FNJN growing fast enough to value financial flexibility over lower cost of capital

Simply Wall St -

Is Finjan Holdings, Inc. (NASDAQ:FNJN) Excessively Paying Its CEO?

Phil Hartstein has been the CEO of Finjan Holdings, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Phil Hartstein's Compensation Compare With Similar Sized Companies?

Simply Wall St -

These Factors Make Finjan Holdings Inc (NASDAQ:FNJN) An Interesting Investment

Attractive stocks have exceptional fundamentals. … In the case of Finjan Holdings Inc (NASDAQ:FNJN), there's … track record

Simply Wall St -

Finjan Holdings Inc (NASDAQ:FNJN): Time For A Financial Health Check

However, the trade-off is FNJN will have to adhere to stricter debt covenants and have less financial flexibility. … Is FNJN right in choosing financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

Simply Wall St -

How Much Did Finjan Holdings Inc's (NASDAQ:FNJN) CEO Pocket Last Year?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Phil Hartstein's Compensation Compare With Similar Sized Companies. … It would therefore appear that Finjan Holdings Inc pays Phil Hartstein more than the median CEO remuneration at companies of a similar size, in the same market

Simply Wall St -

FNJN Company Info

Description

Finjan Holdings, Inc., a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally. The company owns a portfolio of patents related to software and hardware technologies that proactively detect malicious code and thereby protects end users from identity and data theft, spyware, malware, phishing, Trojans, and other Web and network threats. Its patented technologies are used in specific cybersecurity technology areas, including endpoint/cloud software, Web gateway/Internet infrastructure, networking equipment markets, and mobile security. The company’s technology scans and repels the latest and unknown threats to network, Web, and endpoint devices on a real-time basis. It also develops mobile security applications; and invests in cybersecurity technologies and intellectual property. Finjan Holdings, Inc. was founded in 1997 and is headquartered in East Palo Alto, California.

Details
Name: Finjan Holdings, Inc.
FNJN
Exchange: NasdaqCM
Founded: 1997
$62,951,994
27,610,524
Website: http://www.finjan.com
Address: Finjan Holdings, Inc.
2000 University Avenue,
Suite 600,
East Palo Alto,
California, 94303,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM FNJN Common stock Nasdaq Capital Market US USD 04. Jun 2013
Number of employees
Current staff
Staff numbers
10
Finjan Holdings employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/20 00:53
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.