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Thin Film Electronics

OTCPK:TFEC.Y
Snowflake Description

Exceptional growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TFEC.Y
OTCPK
NOK359M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Thin Film Electronics ASA provides near field communication (NFC) mobile marketing and smart-packaging solutions by printed electronics technology in Norway. The last earnings update was 23 days ago. More info.


Add to Portfolio Compare Print
  • Thin Film Electronics has significant price volatility in the past 3 months.
TFEC.Y Share Price and Events
7 Day Returns
-16.8%
OTCPK:TFEC.Y
3.2%
US Tech
0.4%
US Market
1 Year Returns
-88%
OTCPK:TFEC.Y
6.2%
US Tech
3.5%
US Market
TFEC.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thin Film Electronics (TFEC.Y) -16.8% -52.1% -64.2% -88% -92% -
US Tech 3.2% 9.5% 20.6% 6.2% 67.3% 110.9%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • TFEC.Y underperformed the Tech industry which returned 6.2% over the past year.
  • TFEC.Y underperformed the Market in United States of America which returned 3.5% over the past year.
Price Volatility
TFEC.Y
Industry
5yr Volatility vs Market
Related Companies

TFEC.Y Value

 Is Thin Film Electronics 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 Thin Film Electronics 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 Thin Film Electronics.

OTCPK:TFEC.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
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:TFEC.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 23%) (27.49%))
1.164
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.164 * 5.96%)
9.67%

Discounted Cash Flow Calculation for OTCPK:TFEC.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Thin Film Electronics 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:TFEC.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.67%)
2019 -59.47 Analyst x1 -54.23
2020 -24.28 Analyst x1 -20.19
2021 11.60 Analyst x1 8.79
2022 41.13 Analyst x1 28.44
2023 56.20 Analyst x1 35.43
2024 68.84 Est @ 22.5% 39.58
2025 80.25 Est @ 16.57% 42.07
2026 90.22 Est @ 12.42% 43.12
2027 98.80 Est @ 9.51% 43.06
2028 106.19 Est @ 7.48% 42.20
Present value of next 10 years cash flows $208.28
OTCPK:TFEC.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $106.19 × (1 + 2.73%) ÷ (9.67% – 2.73%)
$1,572.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,572.81 ÷ (1 + 9.67%)10
$625.12
OTCPK:TFEC.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $208.28 + $625.12
$833.40
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $833.40 / 1,171.87
$0.65
OTCPK:TFEC.Y Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:THIN)
8.568
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $0.71 x 8.568
NOK6.09
Non-primary Listing Adjustment Factor 1 share in OTCPK:TFEC.Y represents 1.08974x of OB:THIN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.08974x
Value per Share
(Listing Adjusted, USD)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 6.09 x 1.08974
$6.64
Value per share (USD) From above. $6.64
Current discount Discount to share price of $0.34
= -1 x ($0.34 - $6.64) / $6.64
94.9%

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

Current Discount
Amount off the current price Thin Film Electronics is available for.
Intrinsic value
>50%
Share price is $0.34 vs Future cash flow value of $6.64
Current Discount Checks
For Thin Film Electronics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Thin Film Electronics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Thin Film Electronics's share price is below the future cash flow value, and 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 Thin Film Electronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thin Film Electronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TFEC.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.05
OB:THIN Share Price ** OB (2019-03-21) in NOK NOK0.31
OB:THIN Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.117 $0.04
United States of America Tech Industry PE Ratio Median Figure of 15 Publicly-Listed Tech Companies 16.55x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

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

** Primary Listing of Thin Film Electronics.

OTCPK:TFEC.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:THIN Share Price ÷ EPS (both in USD)

= 0.04 ÷ -0.05

-0.76x

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

  • Thin Film Electronics is loss making, we can't compare its value to the US Tech industry average.
  • Thin Film Electronics 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 Thin Film Electronics's expected growth come at a high price?
Raw Data
OTCPK:TFEC.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
75.1%per year
United States of America Tech Industry PEG Ratio Median Figure of 8 Publicly-Listed Tech Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*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 Thin Film Electronics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thin Film Electronics's assets?
Raw Data
OTCPK:TFEC.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.06
OB:THIN Share Price * OB (2019-03-21) in NOK NOK0.31
OB:THIN Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.117 $0.04
United States of America Tech Industry PB Ratio Median Figure of 38 Publicly-Listed Tech Companies 1.9x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
OTCPK:TFEC.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:THIN Share Price ÷ Book Value per Share (both in USD)

= 0.04 ÷ 0.06

0.56x

* Primary Listing of Thin Film Electronics.

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

  • Thin Film Electronics is good value based on assets compared to the US Tech industry average.
X
Value checks
We assess Thin Film Electronics'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Thin Film Electronics has a total score of 3/6, 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.

TFEC.Y Future Performance

 How is Thin Film Electronics expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
75.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thin Film Electronics expected to grow at an attractive rate?
  • Thin Film Electronics's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Thin Film Electronics's earnings growth is expected to exceed the United States of America market average.
  • Thin Film Electronics's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TFEC.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TFEC.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 75.1%
OTCPK:TFEC.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 47.9%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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:TFEC.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TFEC.Y Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 292 1
2022-12-31 363 134 2
2021-12-31 278 88 2
2020-12-31 95 -14 1
2019-12-31 8 -21 -57 1
OTCPK:TFEC.Y Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1 -52 -56
2018-09-30 1 -58 -59
2018-06-30 2 -55 -59
2018-03-31 3 -52 -57
2017-12-31 3 -52 -60
2017-09-30 2 -48 -54
2017-06-30 2 -46 -50
2017-03-31 1 -44 -46
2016-12-31 1 -38 -44
2016-09-30 5 -35 -40
2016-06-30 5 -32 -36
2016-03-31 4 -27 -33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Thin Film Electronics's earnings are expected to grow significantly at over 20% yearly.
  • Thin Film Electronics'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:TFEC.Y 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 2 Analyst Estimates (S&P Global) See Below

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

OTCPK:TFEC.Y Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.11 0.11 0.11 1.00
2021-12-31 0.07 0.07 0.07 1.00
2020-12-31 -0.01 -0.01 -0.01 1.00
2019-12-31 -0.05 -0.05 -0.05 1.00
OTCPK:TFEC.Y Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.05
2018-09-30 -0.05
2018-06-30 -0.06
2018-03-31 -0.06
2017-12-31 -0.07
2017-09-30 -0.07
2017-06-30 -0.07
2017-03-31 -0.06
2016-12-31 -0.07
2016-09-30 -0.06
2016-06-30 -0.06
2016-03-31 -0.06

*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.
  • Thin Film Electronics is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Thin Film Electronics'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.
Thin Film Electronics has a total score of 6/6, 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.

TFEC.Y Past Performance

  How has Thin Film Electronics 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 Thin Film Electronics's growth in the last year to its industry (Tech).
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.
  • Thin Film Electronics does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Thin Film Electronics's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Thin Film Electronics's 1-year growth to the US Tech industry average as it is not currently profitable.
Earnings and Revenue History
Thin Film Electronics'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 Thin Film Electronics Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TFEC.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1.29 -55.84
2018-09-30 1.37 -59.50 30.63
2018-06-30 1.84 -58.96 30.63
2018-03-31 2.71 -57.17 30.63
2017-12-31 2.98 -59.58 30.63
2017-09-30 1.65 -53.71 21.85
2017-06-30 2.39 -49.63 21.85
2017-03-31 1.43 -46.32 21.85
2016-12-31 1.46 -44.50 21.85
2016-09-30 5.29 -39.77 17.73
2016-06-30 5.06 -36.49 17.73
2016-03-31 4.46 -32.89 17.73
2015-12-31 4.01 -29.38 17.73
2015-09-30 1.74 -27.72 14.60
2015-06-30 1.82 -27.28 14.60
2015-03-31 1.75 -27.06 14.60
2014-12-31 1.85 -25.10 14.60
2014-09-30 1.79 -22.48 7.29
2014-06-30 1.30 -20.52 7.64
2014-03-31 1.08 -16.42 7.82
2013-12-31 0.88 -13.43 7.71
2013-09-30 0.60 -9.95 5.71
2013-06-30 0.63 -8.15 5.63
2013-03-31 0.49 -8.25 5.87
2012-12-31 0.35 -8.34 6.17
2012-09-30 0.13 -8.12 4.20
2012-06-30 0.02 -7.00 4.05
2012-03-31 0.01 -6.35 4.22

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

TFEC.Y Health

 How is Thin Film Electronics'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 Thin Film Electronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thin Film Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thin Film Electronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thin Film Electronics'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.9x 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 Thin Film Electronics Company Filings, last reported 2 months ago.

OTCPK:TFEC.Y Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 75.59 11.53 32.59
2018-09-30 91.33 11.65 48.07
2018-06-30 104.98 11.82 66.23
2018-03-31 120.69 11.99 87.59
2017-12-31 129.87 12.69 96.42
2017-09-30 46.48 12.26 12.86
2017-06-30 59.36 12.39 28.18
2017-03-31 71.97 12.54 52.60
2016-12-31 83.50 12.97 71.83
2016-09-30 37.88 0.00 27.12
2016-06-30 47.18 0.00 36.81
2016-03-31 56.72 0.00 49.12
2015-12-31 24.65 0.00 15.29
2015-09-30 33.97 0.00 24.62
2015-06-30 42.39 0.00 36.29
2015-03-31 28.32 0.00 23.54
2014-12-31 36.31 0.00 30.13
2014-09-30 26.56 0.00 20.00
2014-06-30 33.29 0.00 26.87
2014-03-31 40.42 0.00 34.80
2013-12-31 42.43 0.00 43.80
2013-09-30 2.05 0.00 2.11
2013-06-30 5.53 0.00 5.18
2013-03-31 4.07 0.00 3.69
2012-12-31 5.42 0.00 5.85
2012-09-30 2.94 0.00 3.21
2012-06-30 4.51 0.00 4.95
2012-03-31 6.81 0.18 8.01
  • Thin Film Electronics's level of debt (15.2%) 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 15.2% 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.

  • Thin Film Electronics has less than a year of cash runway based on current free cash flow.
  • Thin Film Electronics has less than a year of cash runway if free cash flow continues to grow at historical rates of 27% each year.
X
Financial health checks
We assess Thin Film Electronics'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. Thin Film Electronics 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.

TFEC.Y Dividends

 What is Thin Film Electronics'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 Thin Film Electronics dividends. Estimated to be 0% next year.
If you bought $2,000 of Thin Film Electronics 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 Thin Film Electronics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Thin Film Electronics'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:TFEC.Y 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 2 Analyst Estimates (S&P Global) See Below
United States of America Tech Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 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:TFEC.Y Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

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

  • Unable to perform a dividend volatility check as Thin Film Electronics has not reported any payouts.
  • Unable to verify if Thin Film Electronics's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Thin Film Electronics's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Thin Film Electronics has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Thin Film Electronics'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 Thin Film Electronics'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 Thin Film Electronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thin Film Electronics 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.

TFEC.Y Management

 What is the CEO of Thin Film Electronics'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
Kevin Barber
AGE 58
TENURE AS CEO 0.3 years
CEO Bio

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 its General Manager of Mobile Division since July 2017 until November 15, 2018. He served as General Manager of Smart Display Division at Synaptics Inc. since January 2011. Mr. Barber served as a General Manager and Senior Vice President of Handheld Division at Synaptics Inc. Mr. Barber has 15 years of executive experience with organizations such as Conexant Systems, Skyworks Solutions, PRTM and ACCO, Mr. Barber has extensive domain expertise in the mobile communication industry. He served as Chief Executive Officer of ACCO Semiconductor since 2008. From 2007 to 2008, he served as a Principal consultant at PRTM focused on the electronics industry. Mr. Barber was Senior Vice President, General Manager of the Mobile Solutions business at Skyworks Solutions from September 2003 to 2006 where he was responsible for delivering innovative RF products to the mobile industry. He served as a General Manager and Senior Vice President, Mobile Platforms of Skyworks Solutions Inc., (Formerly Alpha Industries) since November 2005. Mr. Barber served as Senior Vice President for Operations of Skyworks Solutions Inc., from June 2002 to September 2003, Senior Vice President, Operations of Conexant Systems Inc. (broadband communication semiconductors) from February 2001 to June 2002, Vice President, Internal Manufacturing from August 2000 to February 2001, Vice President, Device Manufacturing from March 1999 to August 2000, Vice President of Strategic Sourcing from November 1998 to March 1999 and Director, Material Sourcing of Rockwell Semiconductor Systems (now Conexant) from May 1997 to November 1998. Mr. Barber serves as the Chief Executive Officer at Thin Film Electronics ASA since November 26, 2018. He held various engineering and operational roles at Rockwell Semiconductor Systems since April 1984. Mr. Barber holds a Bachelor of Science in Electrical Engineering from San Diego State University and Masters of Business Administration from Pepperdine University. From 2006 to 2008, Mr. Barber served as a Consultant for PRTM Management Consultants Inc.

CEO Compensation
  • Insufficient data for Kevin to compare compensation growth.
  • Insufficient data for Kevin to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Thin Film Electronics management team in years:

1.8
Average Tenure
  • The average tenure for the Thin Film Electronics management team is less than 2 years, this suggests a new team.
Management Team

Ole Thorsnes

TITLE
CFO & Secretary
COMPENSATION
$168K
TENURE
2.6 yrs

Tauseef Bashir

TITLE
Chief Sales Officer
COMPENSATION
$220K
TENURE
2.7 yrs

Henrik Sjöberg

TITLE
Senior Vice President of Product Management
COMPENSATION
$296K
AGE
48

Erwan Le Roy

TITLE
Executive VP of Business Development and GM of NFC Solutions & Smart Sensor Products
COMPENSATION
$420K
TENURE
2.7 yrs

Christian Delay

TITLE
Chief Commercial Officer
COMPENSATION
$254K
TENURE
2.8 yrs

Kevin Barber

TITLE
Chief Executive Officer
AGE
58
TENURE
0.3 yrs

Anders Harnes

TITLE
Vice President of Finance and Accounting

John McNulty

TITLE
Executive Vice President of Marketing
TENURE
1.1 yrs

Poorab Shah

TITLE
Executive Vice President of Software
TENURE
0.7 yrs

Giampaolo Marino

TITLE
Executive Vice President of Hardware Solutions
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Thin Film Electronics board of directors in years:

5.8
Average Tenure
56
Average Age
  • The tenure for the Thin Film Electronics board of directors is about average.
Board of Directors

Morten Opstad

TITLE
Chairman of the Board
AGE
65
TENURE
12.4 yrs

Ana Arias

TITLE
Chairman of Technical Advisory Council & Consultant

Donald Lupo

TITLE
Consultant & Member of Technical Advisory Council

Raj Apte

TITLE
Consultant & Member of Technical Advisory Council
TENURE
3.9 yrs

Tor Mesøy

TITLE
Director
AGE
56
TENURE
5.8 yrs

Preeti Mardia

TITLE
Director
AGE
51
TENURE
5.8 yrs

Laura Oliphant

TITLE
Director
TENURE
1.8 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 ($) Value ($)
23. Aug 18 Buy Laura Oliphant Individual 22. Aug 18 22. Aug 18 10,000 $1.39 $13,900
X
Management checks
We assess Thin Film Electronics'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. Thin Film Electronics 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.

TFEC.Y News

Simply Wall St News

TFEC.Y Company Info

Description

Thin Film Electronics ASA provides near field communication (NFC) mobile marketing and smart-packaging solutions by printed electronics technology in Norway. 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; NFC SpeedTap tags, which are wireless 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. Thin Film Electronics ASA was founded in 2005 and is headquartered in Oslo, Norway.

Details
Name: Thin Film Electronics ASA
TFEC.Y
Exchange: OTCPK
Founded: 2005
NOK41,920,700
1,171,871,617
Website: http://www.thinfilmnfc.com
Address: Thin Film Electronics ASA
Henrik Ibsens Gate 100,
PO Box 2911,
Oslo,
Oslo, 0255,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB THIN Ordinary Shares Oslo Bors NO NOK 21. Feb 2006
OTCPK TFEC.F Ordinary Shares Pink Sheets LLC US USD 21. Feb 2006
LSE 0JI9 Ordinary Shares London Stock Exchange GB NOK 21. Feb 2006
BATS-CHIXE THINO Ordinary Shares BATS 'Chi-X Europe' GB NOK 21. Feb 2006
OTCPK TFEC.Y SPONSORED ADR Pink Sheets LLC US USD 23. Mar 2015
Number of employees
Current staff
Staff numbers
155
Thin Film Electronics employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 00:31
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
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.