Thin Film Electronics

NO: THIN

NOK41m market cap

NOK0.7 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’s Q119 results give the first indication of how its revised strategy, focused on driving market adoption of its NFC solutions, will potentially take the company to break-even in FY21. Our estimates will remain under review until there is greater visibility of the impact of the ongoing restructuring programme aimed at saving US$21m annualised costs when completed, following publication of the Q219 results.

Y/E Dec
Revenue (US$m)
EBITDA (US$m)
PBT (US$m)
EPS (c)
P/E (x)
P/CF (x)
2017A 5.9 (50.9) (57.5) (6.6) N/A N/A
2018A 3.4 (49.7) (54.7) (4.7) N/A N/A
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A
Sector
TMT
Share price graph
Balance sheet
Forecast net debt (US$m) N/A
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (46.4) (70.0) (88.7)
Relative* (38.2) (60.8) (85.6)
52-week high/low NOK7.8/NOK0.7
*% relative to local index
Key management
Kevin Barber CEO
Mallorie Burak CFO
Christer Karlsson CTO
Morten Opstad Non-Executive Chairman

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