OTCPK:AOTO.F

Stock Analysis Report

Executive Summary

Anoto Group AB (publ), together with its subsidiaries, provides digital writing and drawing solutions.

Rewards

Trading at 30.1% below its fair value

Revenue is forecast to grow 26.17% per year

Earnings have grown 5.8% per year over the past 5 years

Risk Analysis

Earnings are forecast to decline by an average of 87.5% per year for the next 3 years

Has less than 1 year of cash runway

Dividend of 0% is not well covered by earnings

Large one-off items impacting financial results

+ 2 more risks


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.

Share Price & News

How has Anoto Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Information is not available.


Market Performance


7 Day Return

0%

AOTO.F

0.8%

US Electronic

0.7%

US Market


1 Year Return

n/a

AOTO.F

22.9%

US Electronic

18.2%

US Market

Return vs Industry: Insufficient data to determine how AOTO.F performed against the US Electronic industry.

Return vs Market: Insufficient data to determine how AOTO.F performed against the US Market.


Shareholder returns

AOTO.FIndustryMarket
7 Day0%0.8%0.7%
30 Day0%-0.5%1.5%
90 Day0%7.5%5.0%
1 Yearn/a24.2%22.9%20.8%18.2%
3 Year-70.0%-70.0%45.0%41.0%45.2%35.8%
5 Year-92.5%-92.5%84.9%75.9%71.6%52.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Anoto Group undervalued compared to its fair value and its price relative to the market?

30.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AOTO.F ($0.14) is trading below our estimate of fair value ($0.19)

Significantly Below Fair Value: AOTO.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

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

PE vs Market: AOTO.F 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 AOTO.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AOTO.F is good value based on its PB Ratio (0.6x) compared to the US Electronic industry average (2.1x).


Next Steps

Future Growth

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

87.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AOTO.F is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: AOTO.F is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: AOTO.F is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: AOTO.F's revenue (26.2% per year) is forecast to grow faster than the US market (7.4% per year).

High Growth Revenue: AOTO.F's revenue (26.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AOTO.F is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Anoto Group performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Information is not available.

Information is not available.


Past Earnings Growth Analysis

Earnings Trend: AOTO.F is unprofitable, but has reduced losses over the past 5 years at a rate of 5.8% per year.

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

Earnings vs Industry: AOTO.F is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (53.7%).


Return on Equity

High ROE: AOTO.F has a negative Return on Equity (-65.17%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Anoto Group's financial position?


Financial Position Analysis

Short Term Liabilities: AOTO.F's short term assets (SEK62.1M) do not cover its short term liabilities (SEK73.9M).

Long Term Liabilities: AOTO.F's short term assets (SEK62.1M) exceed its long term liabilities (SEK8.7M).


Debt to Equity History and Analysis

Debt Level: AOTO.F's debt to equity ratio (7.8%) is considered satisfactory.

Reducing Debt: AOTO.F's debt to equity ratio has reduced from 61.8% to 7.8% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: AOTO.F's debt is covered by short term assets (assets are 4x debt).


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: AOTO.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: AOTO.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 53.1% each year.


Next Steps

Dividend

What is Anoto Group'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

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

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

Growing Dividend: Insufficient data to determine if AOTO.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 AOTO.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 Anoto Group's salary, the management and board of directors tenure and is there insider trading?

1.1yrs

Average management tenure


CEO

Joonhee Won (54yo)

3.5yrs

Tenure

kr3,385,000

Compensation

Mr. Joonhee Won has been the Chief Executive Officer and Chief Marketing Officer at Anoto Group AB (publ) since April 01, 2016 and May 2017 respectively and as its Head of Sales since May 03, 2016. Mr. Won ...


CEO Compensation Analysis

Information is not available.

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


Management Age and Tenure

1.1yrs

Average Tenure

54yo

Average Age

Experienced Management: AOTO.F's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Insider Trading

Insider Buying: AOTO.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buykr11,72319 Sep 19
Joonhee Won
EntityIndividual
Role
Chief Executive Officer
CEO, Head of Sales
Shares127,918
Max Pricekr0.092
Buykr25,93218 Sep 19
Joonhee Won
EntityIndividual
Role
Chief Executive Officer
CEO, Head of Sales
Shares290,075
Max Pricekr0.091
Buykr10,29806 Sep 19
Jörgen Durban
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares106,803
Max Pricekr0.096
Buykr13,22819 Dec 18
Jörgen Durban
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares50,000
Max Pricekr0.27

Ownership Breakdown

Information is not available.


Management Team

  • Edward Belgeonne (57yo)

    Chief Executive Officer of Destiny Wireless Ltd

    • Tenure: 0yrs
  • Joonhee Won (54yo)

    CEO, Head of Sales

    • Tenure: 3.5yrs
    • Compensation: kr3.39m
  • Steve Kim (51yo)

    Chief Technology Officer

    • Tenure: 1.1yrs
  • Seunghoon Song

    Financial Controller

    • Tenure: 0yrs
  • Peter Mah

    Head of Sales Asia

    • Tenure: 1.1yrs

Board Members

  • Young Soo Ha (57yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: kr636.00k
  • Jörgen Durban (63yo)

    Independent Chairman

    • Tenure: 0yrs
    • Compensation: kr1.57m
  • Joonhee Won (54yo)

    CEO, Head of Sales

    • Tenure: 3.5yrs
    • Compensation: kr3.39m

Company Information

Anoto Group AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Anoto Group AB (publ)
  • Ticker: AOTO.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: kr133.600m
  • Listing Market Cap: kr13.435m
  • Shares outstanding: 137.17m
  • Website: https://www.anoto.com

Number of Employees


Location

  • Anoto Group AB (publ)
  • Flaggan 1165
  • Stockholm
  • Stockholm County
  • 116 74
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANOTOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKMar 2000
XTL1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2000
0RUQLSE (London Stock Exchange)YesOrdinary SharesGBSEKMar 2000
AOTO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2000
ANOTSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKMar 2000

Biography

Anoto Group AB (publ), together with its subsidiaries, provides digital writing and drawing solutions. It offers pen solutions for creating a form in digital format, digital processing of handwritten forms ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/09 01:09
End of Day Share Price2019/07/11 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.