Thin Film Electronics (THIN)

Business description

Thin Film Electronics (Thinfilm) is a global leader in NFC marketing and smart-packaging solutions using printed electronics. It creates printed tags, labels, and systems that include memory, sensors, displays, and wireless communications at low cost points vs conventional electronics.

Stock data

Market cap.NOK3251.1m
Last closeNOK3.98
High / Low (52 weeks)NOK5.2 / NOK3.2
Stock market listingNO
Forecast net cash (US$m)5.9
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual15.718.1(0.3)
Relative *22.122.0(8.3)

* % Relative to local index

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Company news

Thinfilm's new high-volume manufacturing facility in Silicon Valley

Fri, 16 Jun 2017 00:09:05 GMT

Thinfilm secures state-of-the-art fabrication facility

Mon, 10 Oct 2016 00:03:58 GMT

BRIEF-Thin Film Electronics starts cooperation with Coronado Brewing Co

Wed, 14 Jun 2017 07:18:45 GMT

Caliva Partners with Thinfilm to Enable One-to-One Mobile Connections with ...

Fri, 09 Jun 2017 06:31:58 GMT

New smart hang-tag from Thinfilm and Bedford

Tue, 22 Nov 2016 00:02:57 GMT

Investment summary

Thin Film Electronics (Thinfilm) has announced an agreement with California’s leading medical marijuana supplier, Caliva, to incorporate Thinfilm NFC solutions into its packaging. Caliva sells a wide range of products including 21 different strains of cannabis with different potencies and cultivation practices, as well as a range of over 130 cannabis-containing foods and ancillary equipment. Caliva is looking to enhance the shopper experience and provide more consistency, transparency and accessibility towards the cannabis space, as well as boosting marketing via offers and events. In 2016, California became the fifth US state to legalise recreational use of marijuana. Public sales of cannabis from stores are expected to start in 2018, which should lead to a further substantial increase in Caliva’s sales.

Last updated on 12/06/2017

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 4.4 (29.2) (28.3) (5.3) N/A N/A
2016A 3.8 (37.1) (43.0) (6.6) N/A N/A
2017E 10.8 (38.3) (42.5) (5.2) N/A N/A
2018E 48.3 (23.4) (29.9) (3.7) N/A N/A

Last updated on 19/05/2017

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Industry outlook

Thinfilm is the global leader in printed electronics, which is a low-cost and highly scalable method of creating smart labels for the Internet of Things. The company is currently focused on three areas: NFC labels, most notably NFC OpenSense, which is on pilot trial with a number of major brands; memory labels, which are in production; and sensor and display labels, where it has developed prototypes. The ability of printed electronics to add intelligence to low-cost, high-volume products opens a wide range of potential applications that could present an even greater market opportunity.

Last updated on 01/06/2017

Key management

Davor P. Sutija, CEO
Ole Ronny Thorsnes, CFO
Morten Opstad, Non-Executive Chairman
Christer Karlsson, CTO
Bill Cummings, VP, Marketing & Communications

Company address

Henrik Ibsens Gate 100
PO Box 2911 Solli
0230 Oslo
Norway
+47 23 27 51 59
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