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Idex

OTCPK:IDXA.F
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IDXA.F
OTCPK
NOK2B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Idex ASA develops and sells fingerprint imaging and recognition technology in Europe, the Middle East, Africa, the Americas, and Asia. The last earnings update was 13 days ago. More info.


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IDXA.F Share Price and Events
7 Day Returns
0%
OTCPK:IDXA.F
-0.5%
US Electronic
1.6%
US Market
1 Year Returns
-15.6%
OTCPK:IDXA.F
-0.2%
US Electronic
2.6%
US Market
IDXA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Idex (IDXA.F) 0% -9.1% - -15.6% - -61.3%
US Electronic -0.5% -9.7% -3.7% -0.2% 57% 53.6%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • IDXA.F underperformed the Electronic industry which returned -0.2% over the past year.
  • IDXA.F underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
IDXA.F
Industry
5yr Volatility vs Market

Value

 Is Idex 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 Idex 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 Idex.

OTCPK:IDXA.F 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 8.9%
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 OTCPK:IDXA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.048 (1 + (1- 23%) (0.46%))
1.035
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.035 * 5.96%)
8.9%

Discounted Cash Flow Calculation for OTCPK:IDXA.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Idex 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.

OTCPK:IDXA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NOK, Millions) Source Present Value
Discounted (@ 8.9%)
2019 -200.00 Analyst x1 -183.66
2020 -100.00 Analyst x1 -84.33
2021 38.00 Analyst x1 29.43
2022 56.74 Est @ 49.31% 40.35
2023 76.79 Est @ 35.34% 50.15
2024 96.42 Est @ 25.56% 57.82
2025 114.45 Est @ 18.71% 63.03
2026 130.38 Est @ 13.91% 65.94
2027 144.15 Est @ 10.56% 66.94
2028 155.98 Est @ 8.21% 66.52
Present value of next 10 years cash flows NOK172.18
OTCPK:IDXA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= NOK155.98 × (1 + 2.73%) ÷ (8.9% – 2.73%)
NOK2,598.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NOK2,598.84 ÷ (1 + 8.9%)10
NOK1,108.32
OTCPK:IDXA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NOK172.18 + NOK1,108.32
NOK1,280.50
Equity Value per Share
(NOK)
= Total value / Shares Outstanding
= NOK1,280.50 / 597.75
NOK2.14
OTCPK:IDXA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:IDXA.F represents 0.13528x of OB:IDEX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.13528x
Value per Share
(Listing Adjusted, USD)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 2.14 x 0.13528
$0.29
Value per share (USD) From above. $0.29
Current discount Discount to share price of $0.42
= -1 x ($0.42 - $0.29) / $0.29
-44.2%

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

  • The current share price of Idex is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Idex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Idex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:IDXA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in NOK NOK-0.47
OB:IDEX Share Price ** OB (2019-05-09) in NOK NOK3.09
United States of America Electronic Industry PE Ratio Median Figure of 93 Publicly-Listed Electronic Companies 19.77x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

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

** Primary Listing of Idex.

OTCPK:IDXA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:IDEX Share Price ÷ EPS (both in NOK)

= 3.09 ÷ -0.47

-6.57x

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

  • Idex is loss making, we can't compare its value to the US Electronic industry average.
  • Idex 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 Idex's expected growth come at a high price?
Raw Data
OTCPK:IDXA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
64.2%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.27x
United States of America Market PEG Ratio Median Figure of 2,123 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 Idex, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Idex's assets?
Raw Data
OTCPK:IDXA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in NOK NOK0.46
OB:IDEX Share Price * OB (2019-05-09) in NOK NOK3.09
United States of America Electronic Industry PB Ratio Median Figure of 139 Publicly-Listed Electronic Companies 2.08x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
OTCPK:IDXA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:IDEX Share Price ÷ Book Value per Share (both in NOK)

= 3.09 ÷ 0.46

6.76x

* Primary Listing of Idex.

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

  • Idex is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Idex'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Idex has a total score of 0/6, 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.

Future Performance

 How is Idex 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
64.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Idex expected to grow at an attractive rate?
  • Idex's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Idex's earnings growth is expected to exceed the United States of America market average.
  • Idex's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:IDXA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:IDXA.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 64.2%
OTCPK:IDXA.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 94%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:IDXA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in NOK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:IDXA.F Future Estimates Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 670 41 9 1
2020-12-31 340 -100 -122 1
2019-12-31 52 -200 -238 1
OTCPK:IDXA.F Past Financials Data
Date (Data in NOK Millions) Revenue Cash Flow Net Income *
2019-03-31 3 -226 -259
2018-12-31 4 -214 -246
2018-09-30 6 -218 -253
2018-06-30 8 -231 -256
2018-03-31 13 -257 -252
2017-12-31 17 -235 -255
2017-09-30 27 -227 -235
2017-06-30 32 -206 -230
2017-03-31 42 -185 -209
2016-12-31 39 -232 -203
2016-09-30 26 -224 -234
2016-06-30 18 -248 -229

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Idex's earnings are expected to grow significantly at over 20% yearly.
  • Idex'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
OTCPK:IDXA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Idex Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IDXA.F Future Estimates Data
Date (Data in NOK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.02 0.02 0.02 1.00
2020-12-31 -0.21 -0.21 -0.21 1.00
2019-12-31 -0.41 -0.41 -0.41 1.00
OTCPK:IDXA.F Past Financials Data
Date (Data in NOK Millions) EPS *
2019-03-31 -0.47
2018-12-31 -0.45
2018-09-30 -0.47
2018-06-30 -0.47
2018-03-31 -0.46
2017-12-31 -0.47
2017-09-30 -0.44
2017-06-30 -0.43
2017-03-31 -0.40
2016-12-31 -0.38
2016-09-30 -0.45
2016-06-30 -0.45

*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 Idex will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Idex'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.
Idex 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.

Past Performance

  How has Idex 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 Idex's growth in the last year to its industry (Electronic).
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.
  • Idex does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Idex's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Idex's 1-year growth to the US Electronic industry average as it is not currently profitable.
Earnings and Revenue History
Idex'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 Idex Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IDXA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in NOK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3.12 -258.73 168.00 44.91
2018-12-31 3.59 -246.10 160.98 45.85
2018-09-30 5.68 -252.72 141.28 44.66
2018-06-30 8.11 -256.13 142.49 51.74
2018-03-31 12.54 -251.87 142.09 51.99
2017-12-31 17.47 -255.49 139.85 56.26
2017-09-30 27.48 -235.16 134.28 58.91
2017-06-30 32.38 -230.15 126.95 65.48
2017-03-31 41.77 -209.14 104.56 70.89
2016-12-31 38.56 -203.25 90.38 81.36
2016-09-30 26.26 -233.98 89.52 105.80
2016-06-30 17.94 -228.98 73.35 107.09
2016-03-31 3.86 -233.61 74.01 111.58
2015-12-31 0.35 -228.83 76.30 102.57
2015-09-30 1.40 -195.74 78.12 83.82
2015-06-30 1.49 -169.06 73.56 72.78
2015-03-31 1.47 -143.12 67.26 57.19
2014-12-31 1.51 -123.11 54.40 51.30
2014-09-30 0.69 -104.64 43.84 40.94
2014-06-30 1.04 -96.16 37.21 32.35
2014-03-31 1.83 -84.79 30.92 25.87
2013-12-31 2.53 -65.01 24.65 17.34
2013-09-30 3.19 -45.87 16.63 10.99
2013-06-30 4.00 -34.66 15.65 8.75
2013-03-31 4.72 -33.30 15.56 9.81
2012-12-31 4.51 -33.37 16.09 10.75
2012-09-30 4.20 -37.24 18.04 12.07
2012-06-30 3.40 -38.75 17.35 14.00

*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 Idex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Idex has efficiently used its assets last year compared to the US Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Idex 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 Idex'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 Electronic 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.
Idex 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.

Health

 How is Idex'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 Idex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Idex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Idex's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Idex'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.
  • Debt is covered by short term assets, assets are 29.5x debt.
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 Idex Company Filings, last reported 1 month ago.

OTCPK:IDXA.F Past Debt and Equity Data
Date (Data in NOK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 273.31 8.44 224.92
2018-12-31 123.24 0.00 83.44
2018-09-30 173.05 0.00 130.47
2018-06-30 227.67 0.00 189.89
2018-03-31 284.47 0.00 244.78
2017-12-31 337.06 0.00 301.46
2017-09-30 397.54 0.00 359.36
2017-06-30 457.27 0.00 428.38
2017-03-31 515.85 0.00 506.85
2016-12-31 562.37 0.00 531.77
2016-09-30 601.49 0.00 579.38
2016-06-30 656.53 0.00 623.39
2016-03-31 698.74 0.00 682.74
2015-12-31 749.68 0.00 760.60
2015-09-30 400.80 0.00 381.95
2015-06-30 434.00 0.00 431.12
2015-03-31 202.85 0.00 181.00
2014-12-31 243.35 0.00 226.75
2014-09-30 283.31 0.00 261.42
2014-06-30 307.71 0.00 294.67
2014-03-31 327.42 0.00 342.51
2013-12-31 49.88 0.00 45.34
2013-09-30 67.39 0.00 60.48
2013-06-30 30.63 0.00 36.57
2013-03-31 10.25 0.00 13.65
2012-12-31 18.32 0.00 19.33
2012-09-30 4.11 0.00 5.68
2012-06-30 10.59 0.00 12.05
  • Idex's level of debt (3.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 3.1% today).
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.

  • Idex has less than a year of cash runway based on current free cash flow.
  • Idex has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.6% each year.
X
Financial health checks
We assess Idex'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. Idex has a total score of 3/6, 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.

Dividends

 What is Idex'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 Idex dividends. Estimated to be 0% next year.
If you bought $2,000 of Idex 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 Idex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Idex'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
OTCPK:IDXA.F 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
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.

OTCPK:IDXA.F Future Dividends Estimate Data
Date (Data in NOK) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Idex has not reported any payouts.
  • Unable to verify if Idex's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Idex's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Idex has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Idex's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Idex'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 Idex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Idex 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.

Management

 What is the CEO of Idex'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
Stan Swearingen
COMPENSATION NOK5,403,000
AGE 58
TENURE AS CEO 1.1 years
CEO Bio

Mr. Stanley A. Swearingen, Jr., also known as Stan, has been the Chief Executive Officer at Idex ASA since April 01, 2018. Mr. Swearingen has over 30 years' experience in semiconductors, solutions for smartphones and biometrics. He served as the Chief Technology Officer and Senior Vice President at Atmel Corporation since November 2013 and also served as its General Manager of Touch Business Unit since December 2014. He served as the Chief Technology Officer and Senior Vice President of Advanced Development at Synaptics Inc. since August 2012 and also served as its Senior Vice President of Strategic Technology from July 2010 to August 2012. He served as a Senior Vice President of Research and Development at Synaptics Inc. He served as Vice President and General Manager of Linear Products Business Unit at Skyworks Solutions Inc., (formerly, Alpha Industries, Inc.) from August 2004 to November 14, 2008. He served as the Chief Executive Officer at Quantex Microsystems from 1999 to November 2000. He served as Member of the Office of the President at MiniCircuits from March to October 2009. Prior to joining Skyworks, from November 2000 to August 2004, he served as Vice President and General Manager of Agere Systems' Computing Connectivity Division, where he was responsible for the design and manufacturing of wired and wireless connectivity solutions. He served as the President and Chief Operating Officer at Quantex Microsystems from July 1999 to November 2000. He has held senior management positions at National Semiconductor, Cyrix and Digital Equipment Corp. He has been Chairman of Rohinni LLC since February 12, 2017. He served as a Member of Strategy Advisory Council at Idex ASA since May 9, 2016. He served as a Member of the Board of Advisors of Innovative Wireless Technologies Inc.

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

Average tenure and age of the Idex management team in years:

0.9
Average Tenure
52
Average Age
  • The average tenure for the Idex management team is less than 2 years, this suggests a new team.
Management Team

Stan Swearingen

TITLE
Chief Executive Officer
COMPENSATION
NOK5M
AGE
58
TENURE
1.1 yrs

Henrik Knudtzon

TITLE
Chief Financial Officer
COMPENSATION
NOK4M
AGE
38
TENURE
4.8 yrs

Fred Benkley

TITLE
Chief Innovation Officer
COMPENSATION
NOK3M
AGE
61
TENURE
0.2 yrs

Selvakumar Thiruchelvam

TITLE
Senior Vice President of Worldwide Sales
COMPENSATION
NOK2M
TENURE
1.8 yrs

Svein Mathiassen

TITLE
Co-Founder
TENURE
22.8 yrs

Anthony Eaton

TITLE
Chief Technology Officer
AGE
46
TENURE
0.2 yrs

Stuart Hunt

TITLE
Head of Investor Relations & Communications

David Orme

TITLE
Senior Vice President of Global Sales & Marketing
TENURE
0.9 yrs

Sarah Mathews

TITLE
Vice President of Human Resources
AGE
46
TENURE
0.1 yrs

Chris Ludden

TITLE
Senior Vice President of Silicon & Sensor Technologies
AGE
58
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Idex board of directors in years:

8.1
Average Tenure
61.5
Average Age
  • The tenure for the Idex board of directors is about average.
Board of Directors

Morten Opstad

TITLE
Chairman of the Board
AGE
65
TENURE
22.2 yrs

Larry Ciaccia

TITLE
Chairman of the Strategy Advisory Council & Director
AGE
59

Hanne Høvding

TITLE
Director
AGE
64
TENURE
11.4 yrs

Deborah Davis

TITLE
Director
TENURE
4.3 yrs

Michael Barrett

TITLE
Member of Strategy Advisory Council
TENURE
4.8 yrs

Steve Skaggs

TITLE
Director
AGE
55
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 ($) Value ($)
30. Jan 19 Buy Charles Street International Limited Company 30. Jan 19 30. Jan 19 2,069,375 $0.47 $975,948
30. Jan 19 Buy Andrew MacLeod Individual 30. Jan 19 30. Jan 19 140,000 $0.47 $66,026
30. Jan 19 Buy Henrik Knudtzon Individual 30. Jan 19 30. Jan 19 100,000 $0.47 $47,162
30. Jan 19 Buy Morten Opstad Individual 30. Jan 19 30. Jan 19 100,000 $0.47 $47,162
30. Jan 19 Buy Stanley Swearingen Individual 30. Jan 19 30. Jan 19 250,000 $0.47 $117,904
X
Management checks
We assess Idex'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. Idex 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.

News

Simply Wall St News

Company Info

Description

Idex ASA develops and sells fingerprint imaging and recognition technology in Europe, the Middle East, Africa, the Americas, and Asia. The company offers IDEX Biometrics for the biometrics smart card market, including biometric fingerprint sensors for use in dual interface, contactless only, and contact only smart cards; biometric fingerprint modules for contact based smart cards; and on-card enrollment solutions for remote in-person enrollment. It provides fingerprint sensor products and solutions for use across various device types, such as payments, identification, access control, healthcare, and the Internet of Things. Idex ASA has collaboration agreements with Chutian Dragon Co., Ltd, Exelsecu, and XH Smart Tech, as well as a partnership with Goldpac Group Ltd. to introduce dual-interface biometric smart cards. The company was founded in 1996 and is headquartered in Fornebu, Norway.

Details
Name: Idex ASA
IDXA.F
Exchange: OTCPK
Founded: 1996
NOK210,651,060
597,752,037
Website: http://www.idexbiometrics.com
Address: Idex ASA
Martin Linges vei 25,
Fornebu,
Akershus, 1364,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB IDEX Ordinary Shares Oslo Bors NO NOK 27. Nov 1997
OTCPK IDXA.F Ordinary Shares Pink Sheets LLC US USD 27. Nov 1997
DB I8X Ordinary Shares Deutsche Boerse AG DE EUR 27. Nov 1997
LSE 0MTP Ordinary Shares London Stock Exchange GB NOK 27. Nov 1997
BATS-CHIXE IDEXO Ordinary Shares BATS 'Chi-X Europe' GB NOK 27. Nov 1997
Number of employees
Current staff
Staff numbers
103
Idex employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 06:06
End of day share price update: 2019/05/09 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/09
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.