OTCPK:TFEC.F

Stock Analysis Report

Thin Film Electronics

Executive Summary

Thin Film Electronics ASA provides near field communication (NFC) mobile marketing and smart-packaging solutions by printed electronics technology in Norway and internationally.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Thin Film Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TFEC.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-15.8%

TFEC.F

-1.4%

US Tech

0.06%

US Market


1 Year Return

-86.4%

TFEC.F

76.7%

US Tech

19.3%

US Market

Return vs Industry: TFEC.F underperformed the US Tech industry which returned 76.7% over the past year.

Return vs Market: TFEC.F underperformed the US Market which returned 19.3% over the past year.


Shareholder returns

TFEC.FIndustryMarket
7 Day-15.8%-1.4%0.06%
30 Day-30.2%0.4%1.7%
90 Dayn/a20.6%9.0%
1 Year-86.4%-86.4%79.3%76.7%21.8%19.3%
3 Year-97.7%-97.7%128.0%112.5%49.5%39.9%
5 Year-99.0%-99.0%148.3%123.9%73.1%54.1%

Price Volatility Vs. Market

How volatile is Thin Film Electronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Thin Film Electronics undervalued compared to its fair value and its price relative to the market?

0.39x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TFEC.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TFEC.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TFEC.F is good value based on its PB Ratio (0.4x) compared to the US Tech industry average (1.8x).


Next Steps

Future Growth

How is Thin Film Electronics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.8%

Forecasted Tech industry annual growth in earnings


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

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


Next Steps

  • Take a look at our analysis of TFEC.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Thin Film Electronics's filings and announcements here.
  • Explore growth companies in the Tech industry.

Past Performance

How has Thin Film Electronics performed over the past 5 years?

-22.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TFEC.F is currently unprofitable.

Growing Profit Margin: TFEC.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TFEC.F is unprofitable, and losses have increased over the past 5 years at a rate of -22.6% per year.

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

Earnings vs Industry: TFEC.F is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (0.4%).


Return on Equity

High ROE: TFEC.F has a negative Return on Equity (-237.71%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Thin Film Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: TFEC.F's short term assets ($21.6M) exceed its short term liabilities ($6.1M).

Long Term Liabilities: TFEC.F's short term assets ($21.6M) do not cover its long term liabilities ($26.0M).


Debt to Equity History and Analysis

Debt Level: TFEC.F's debt to equity ratio (44.9%) is considered high.

Reducing Debt: Insufficient data to determine if TFEC.F's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: TFEC.F has a high level of physical assets or inventory.

Debt Coverage by Assets: TFEC.F's debt is covered by short term assets (assets are 1.8x 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: TFEC.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: TFEC.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -23.2% each year


Next Steps

Dividend

What is Thin Film Electronics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Kevin Barber (59yo)

1.3yrs

Tenure

US$785,284

Compensation

Mr. Kevin D. Barber has been a Director of Intevac, Inc. since February 2018. Mr. Barber served as a Senior Vice President of Synaptics Incorporated since January 2011 until November 15, 2018 and served as ...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD785.28K) is above average for companies of similar size in the US market ($USD521.37K).

Compensation vs Earnings: Insufficient data to compare Kevin's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Barber
Managing Director & CEO1.3yrsUS$785.28kno data
Arvind Kamath
Executive Vice President of Technology Development & Manufacturing0yrsUS$380.00kno data
Shannon Fogle
Vice President of Global Human Resources0yrsUS$205.00kno data
Ole Thorsnes
0.6yrsUS$607.00k0.0043% $455.9
Giampaolo Marino
Executive Vice President of Product Solutions1.5yrsUS$401.12kno data
Mallorie Burak
Chief Financial Officer0.6yrsno datano data
Erwan Le Roy
Executive VP of Business Development and GM of NFC Solutions & Smart Sensor Products3.6yrsUS$486.04kno data
Ana Arias
Chairman of Technical Advisory Council & Consultant0yrsno datano data
Raj Apte
Consultant & Member of Technical Advisory Council4.8yrsno datano data

1.3yrs

Average Tenure

Experienced Management: TFEC.F's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kevin Barber
Managing Director & CEO1.3yrsUS$785.28kno data
Ana Arias
Chairman of Technical Advisory Council & Consultant0yrsno datano data
Raj Apte
Consultant & Member of Technical Advisory Council4.8yrsno datano data
Jon Castor
Director1.1yrsno datano data
Morten Opstad
Chairman of the Board13.3yrsno data0.17% $18.1k
Preeti Mardia
Director6.8yrsno data0.017% $1.8k
Kelly Doss
Director1.1yrsno datano data

4.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: TFEC.F's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5%.


Top Shareholders

Company Information

Thin Film Electronics ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Thin Film Electronics ASA
  • Ticker: TFEC.F
  • Exchange: OTCPK
  • Founded: 2005
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: kr99.609m
  • Listing Market Cap: kr10.677m
  • Shares outstanding: 58.59m
  • Website: https://www.thinfilmnfc.com

Number of Employees


Location

  • Thin Film Electronics ASA
  • Fridtjof Nansens Plass 4
  • Oslo
  • Oslo
  • 160
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
THINOB (Oslo Bors)YesOrdinary SharesNONOKFeb 2006
0JI9LSE (London Stock Exchange)YesOrdinary SharesGBNOKFeb 2006
TFEC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2006
THINOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKFeb 2006
B7XDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2006
TFEC.DOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDMar 2015

Biography

Thin Film Electronics ASA provides near field communication (NFC) mobile marketing and smart-packaging solutions by printed electronics technology in Norway and internationally. It develops printed tags, labels, and systems, which include sensing and wireless communication. The company’s products include NFC OpenSense tags that provides smartphone-centric NFC readability before and after product opening; SpeedTap tags, which are wireless NFC tags that enable smartphones to communicate with everyday objects in support of B2B and B2C use cases; and CNECT, a multi-tenant cloud-based platform that allows brands to connect with consumers by enabling engagement through a direct tap or touch of an NFC label. It also provides electronic article surveillance anti-theft tags. The company offers its products to wine, spirit, craft beer, cosmetic, health and wellness, fast-moving consumer good, and fashion retail industries. The company has a strategic alliance with the Tapi Group. Thin Film Electronics ASA was founded in 2005 and is headquartered in Oslo, Norway. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 02:09
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
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.