NasdaqCM:FNJN

Stock Analysis Report

Executive Summary

Finjan Holdings, Inc., a cybersecurity company, provides intellectual property licensing and enforcement services in the United States and internationally.

Snowflake

Fundamentals

Flawless balance sheet with limited growth.


Similar Companies

Share Price & News

How has Finjan Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.5%

FNJN

-3.1%

US Software

0.5%

US Market


1 Year Return

-46.6%

FNJN

19.9%

US Software

6.8%

US Market

Return vs Industry: FNJN underperformed the US Software industry which returned 19.9% over the past year.

Return vs Market: FNJN underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

FNJNIndustryMarket
7 Day-0.5%-3.1%0.5%
30 Day5.7%-3.1%-0.8%
90 Day-6.8%-6.6%-0.9%
1 Year-46.6%-46.6%21.6%19.9%9.2%6.8%
3 Year33.3%33.3%111.9%103.5%45.6%36.2%
5 Year-7.3%-7.3%163.3%144.3%63.2%45.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Finjan Holdings undervalued compared to its fair value and its price relative to the market?

1.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: FNJN ($2.04) is trading above our estimate of fair value ($1.98)

Significantly Below Fair Value: FNJN is trading above our estimate of fair value.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FNJN is good value based on its PB Ratio (1.2x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

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

76.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FNJN's forecast earnings growth is above the savings rate (2.7%).

Earnings vs Market: Insufficient data to determine if FNJN's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FNJN's revenue (76.2% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: FNJN's revenue (76.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FNJN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Finjan Holdings performed over the past 5 years?

38.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FNJN is unprofitable, but has reduced losses over the past 5 years at a rate of 38.5% per year.

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

Earnings vs Industry: FNJN is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (19.1%).


Return on Equity

High ROE: FNJN has a negative Return on Equity (-49.76%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Finjan Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: FNJN's short term assets ($44.7M) exceeds its short term liabilities ($9.4M)

Long Term Liabilities: FNJN's short term assets (44.7M) exceeds its long term liabilities (5.7M)


Debt to Equity History and Analysis

Debt Level: FNJN is debt free.

Reducing Debt: FNJN had no debt 5 years ago.

Debt Coverage: FNJN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FNJN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

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


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate FNJN'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 FNJN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FNJN'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 FNJN'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 Finjan Holdings's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Phil Hartstein (43yo)

5.3yrs

Tenure

US$2,083,300

Compensation

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 Ho ...


CEO Compensation Analysis

Compensation vs. Market: Phil's total compensation ($USD2.08M) is about average for companies of similar size in the US market ($USD503.30K).

Compensation vs Earnings: Phil's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

5.3yrs

Average Tenure

Experienced Management: FNJN's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

58yo

Average Age

Experienced Board: FNJN's board of directors are considered experienced (5.5 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.


Ownership Breakdown


Management Team

  • Jevan Anderson

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Shlomo Touboul

    Senior Advisor

    • Tenure: 0yrs
  • Phil Hartstein (43yo)

    President & CEO

    • Tenure: 5.3yrs
    • Compensation: US$2.08m
  • Julie Mar-Spinola (62yo)

    Chief Intellectual Property Officer & VP of Legal Operations

    • Tenure: 5.7yrs
    • Compensation: US$1.58m
  • Sharmila Patel

    Senior Director of Finance & Controller

    • Tenure: 0yrs
  • Vanessa Winter

    Director of Investor Relations & Corporate Communications

    • Tenure: 0yrs
  • Rebecca Galdos

    Manager of Office & Human Resources

    • Tenure: 0yrs

Board Members

  • Alex Rogers (45yo)

    Independent Director

    • Tenure: 6.3yrs
  • Harry Kellogg (75yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$65.00k
  • Eric Benhamou (63yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$92.50k
  • Daniel Chinn (53yo)

    Chairman

    • Tenure: 5.3yrs
    • Compensation: US$551.92k
  • Michael Southworth (46yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$82.50k
  • Gary Moore (70yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: US$632.00k
  • John Greene (43yo)

    Independent Director

    • Tenure: 1.3yrs
  • Glenn Daniel (72yo)

    Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$82.50k

Company Information

Finjan Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Finjan Holdings, Inc.
  • Ticker: FNJN
  • Exchange: NasdaqCM
  • Founded: 1997
  • Industry: Systems Software
  • Sector: Software
  • Market Cap: US$56.355m
  • Shares outstanding: 27.63m
  • Website: https://www.finjan.com

Number of Employees


Location

  • Finjan Holdings, Inc.
  • 2000 University Avenue
  • Suite 600
  • East Palo Alto
  • California
  • 94303
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNJNNasdaqCM (Nasdaq Capital Market)YesCommon stockUSUSDJun 2013

Biography

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 t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:34
End of Day Share Price2019/10/21 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.