Thin Film Electronics

NO: THIN

NOK120m market cap

NOK0.1 last close

Thin Film Electronics provides NFC solutions for brand protection, consumer engagement and supply chain insights. It provides end-to-end services, delivering data and actionable insights via its CNECT cloud-based platform.

Investment summary

Thinfilm has announced an intensified restructuring to further rightsize the business. This is intended to generate nearly $15m in annualised savings at the operating level and will result in over a 50% reduction in the work force.

Y/E Dec
Revenue (US$m)
EBITDA (US$m)
PBT (US$m)
EPS (c)
P/E (x)
P/CF (x)
2017A 5.9 (50.9) (57.5) (6.6) N/A N/A
2018A 3.4 (49.7) (54.7) (4.7) N/A N/A
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A
Last updated on 13/09/2019
Industry outlook

Thinfilm has been actively evaluating strategic alternatives to find new and interesting applications for the San-Jose-based roll-to-roll printed dopant polysilicon (PDPS) line and continues to pursue paths to maximise the value of the assets and technology. The factory’s combination of capabilities, including roll-based production, robust metal foil substrate handling, CMOS TFT production, materials and process knowhow, and print expertise, position it to effectively address market needs for R&D, initial production, and scale-up activities necessary between basic research and prototyping at university facilities and large-scale contract manufacturing. Beyond the product categories prioritised by Thinfilm, opportunities exist to utilise the factory’s unique technology in flexible large-area electronics applications, flexible sensors, novel energy conversion devices, thin and flexible batteries, displays and barriers.

Last updated on 13/09/2019
Sector
TMT
Share price graph
Balance sheet
Forecast net debt (US$m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (14.5) (11.0) (91.4)
Relative* (18.5) (13.0) (90.8)
52-week high/low NOK1.2/NOK0.0
*% relative to local index
Key management
Kevin Barber CEO
Mallorie Burak CFO
Christer Karlsson CTO
Morten Opstad Non-Executive Chairman

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