TerraNet (TERRNT)

Business description

TerraNet is an early commercialisation-stage software company with expertise in peer-to-peer communications. Its products encompass chip integration software, IoT, including connected cars and headsets, multimedia streaming, and GriDD, an innovative data capacity trading product.

Stock data

Market cap.SEK162.9m
Last closeSEK16.30
High / Low (52 weeks)SEK39.2 / SEK15.5
Stock market listingOMX
Forecast net cash (SEKm)54.3
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(11.9)(36.3)N/A
Relative *(10.4)(40)N/A

* % Relative to local index

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Company news

Nasdaq Stockholm Welcomes TerraNet to First North Premier

Tue, 30 May 2017 08:15:00 GMT

OMERS in talks to sell Teranet for $3 billion: Report

Wed, 19 Jul 2017 21:18:27 GMT

INEOS Styrolution India Ltd.

Thu, 10 Sep 2015 15:53:43 GMT

Y/E Dec Revenue (SEKm) EBITDA (SEKm) PBT (SEKm) EPS (öre) P/E (x) P/CF (x)
2015A 0.4 (17.2) (18.0) (239.82) N/A N/A
2016A 2.7 (25.0) (37.6) (321.66) N/A N/A
2017E 6.5 (58.3) (65.4) (346.38) N/A N/A
2018E 39.7 (70.7) (75.7) (315.77) N/A N/A

Last updated on 17/11/2017

Latest research

Investment summary

TerraNet (TERRNT) is an early-stage software group with a range of products under development deriving principally from its industrial IoT, chip integration and peer-to-peer communications and transactions know-how. During Q317 the group reported external revenue of SEK1.6m, up 133% y-o-y, with a cash burn comprising operating and investing cash flow of SEK18.0m, in line with our full year forecasts. Significant events during the quarter included the securing of a SEK2.2m order to integrate TERRNT’s software into a multinational conglomerate’s hardware, the development of peer-to-peer payments software for offline transactions and an order for optimisation of LTE-V for V2V communications. We value TERRNT at SEK12.6-14.4 per share, but see significantly more upside to c SEK31/share if it is able to fully exploit its more prospective opportunities.

Last updated on 17/11/2017

Industry outlook

TerraNet management has created a number of imaginative and unique use cases for its technologies. The company is likely to benefit from expected strong growth in demand for proximal connectivity services in China. TerraNet's Wi-Fi Aware and other wireless solutions also tap into fast-growing demand for IoT and V2V communication solutions, as well as the rapidly developing area of mHealth. Other unique propositions such as GriDD are backed by market research and present mobile operators with product differentiation potential for budget-oriented customers.

Last updated on 02/11/2017

Key management

Pär-Olof Johannesson , CEO

Company address

IDEON Science Park, Beta 6
Lund
223 70
Sweden
+46 46 286 34 90
View website