Thin Film Electronics

NO: THIN

NOK233.4m market cap

NOK0.2 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 recent investor update provided details on how its revised strategy, focused on driving market adoption of its NFC solutions, will potentially take the company to break-even in FY21. It intends to accelerate adoption of its NFC solutions by leading with brand protection rather than mobile marketing as then products will need to be shipped with NFC tags throughout the year, not just for specific campaigns. It is addressing three verticals where counterfeiting is a major issue and where it already has proven capability: wine and spirits; health and beauty; and over-the-counter pharmaceuticals, representing a collective serviceable market of 6–9bn tags per annum.

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 (49.3) (54.5) (4.6) 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
Industry outlook

The company had announced a private placement of new shares raising up to US$16m, noting that
the net proceeds, together with potential proceeds from the sale of its printed electronics facility, should fully fund the company until cash break-even in 2021. It subsequently decided not to proceed with the private placement and pursue other funding options.

Last updated on 25/07/2019
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 99.8 (31.6) (88.8)
Relative* 99.9 (28.4) (88.0)
52-week high/low NOK2.0/NOK0.1
*% relative to local index
Key management
Kevin Barber CEO
Mallorie Burak CFO
Christer Karlsson CTO
Morten Opstad Non-Executive Chairman

Content on Thin Film Electronics