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.NOK2793.7m
Last closeNOK3.42
High / Low (52 weeks)NOK4.7 / NOK3.2
Stock market listingNO
Forecast net cash (US$m)5.9
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(14.1)(0.3)(23.5)
Relative *(16.2)(1)(34.1)

* % Relative to local index

Other companies in sector Show

1Spatial 7digital Group
Acal accesso Technology Group
ADVA Optical Networking Advanced Computer Software Group
Advanced Micro Devices AIXTRON
Algomizer All for One Steeb AG
Allocate Software Allot Communications
Alpha and Omega Semiconductor Alphapoint Technology Inc
Amazon Amino Technologies
ANADIGICS Arria NLG
artec technologies AsiaCell
AT&S Austria Technologie & Systemtechnik Beta Systems
Blancco Technology Group blinkx
blur Group Brady
Bulletproof Group Carclo
Catapult Group International CENIT
Cerillion provides billing, charging and customer management software, primarily to telecommunicatio CityFibre Infrastructure Holdings
Cliq Digital CML Microsystems
CoAssets Comptel
Craneware CREALOGIX
Cypress Semiconductor DATAGROUP
DDD Group Dillistone Group
door2door dotDigital
DSP Group e2v technologies
Eagle Eye Eckoh
Elmos Semiconductor EMIS Group
Emulex Endace
EnWave Corporation eServGlobal
Esker Evolving Systems
EVR Holdings PLC Expert System
Facebook Featurespace
FFastFill Fintech Group
First Derivatives First Sensor
Focus Solutions Group Foresight Autonomous Holdings
FreeAgent Freelancer
Fusionex International Gamma Communications
GB Group GBST Holdings
GeoOp GFT
Globo GO internet
Himax Technologies Hrvatski Telekom
ifa systems ikeGPS Group
Infinera Inmarsat
Innovation Group InVision
IQE IS Solutions
ISRA VISION IXYS
Jenoptik K3 Business Technology
Kainos Kalibrate Technologies
Keywords Studios Learning Technologies Group
LRAD Corporation Magix
Manpower Software Manx Telecom
Manz Maxima Holdings
Medicsight Mensch und Maschine Software SE
Mercia Technologies Micro Focus International
Micron Technology Migme
Mobile ecosystems Monitise
Montage Technology Morse
mVISE My Net Fone
Nano Dimension Nanoco Group
nearmap Nemetschek
Netcall NetDimensions
Netflix Nexus Management
O2Micro International OMG
OmniVision Technologies Orion Health Group
Osirium Technologies Outsourcery
Panorama Synergy Pantaleon Entertainment
Patsystems Paysafe Group
Pebble Beach Systems Group Pericom Semiconductor
Phitek Piteco
PLX Technology Pointer Telocation
Pricer Prodware
PSI Pure Wafer
QSC Real Estate Investar Group
REALTECH Redflex Holdings
Redstone Reed Elsevier
Reply SpA Results.com
Rex Bionics Rheinmetall
RM S&T
SCISYS Secunet
Seeing Machines Sepura
Serko Seven Principles
Siemens Sigma Designs
Silicom Silicon Image
SimiGon SinnerSchrader
SITO Mobile SLI Systems
Smartpay Holdings SNP Schneider-Neureither & Partner
Software AG Solera
Spansion Spirent Communications
SQS Software Quality Systems AG Stadium Group
StatPro Group Store Electronic Systems
Straker Translations SuperCom
Synchronica Taptica
Technology sector TerraNet
Texas Instruments The Marketing Group
The Naga Group Thoughtonomy
Tikit Group Toumaz
Track Group TXT e-solutions
TZ Limited Ubisense Group
UMT United Mobility Technology United Power Technology
VASCO Data Security Vectron Systems
Virtual Piggy Vista Group International
Vitec Vizrt
VMob Group WANdisco
Webinar Wincor Nixdorf
WorkPlace Systems International XP Power
Xploite Xplore Technologies Corp
YuuZoo

Company news

Charming Trim and Thinfilm Launch Industry's First Complete Solution for ...

Thu, 17 Aug 2017 06:22:30 GMT

Thinfilm secures state-of-the-art fabrication facility

Mon, 10 Oct 2016 00:03:58 GMT

Disclosure of holding in Thin Film Electronics ASA

Fri, 24 Feb 2017 06:56:15 GMT

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

Fri, 16 Jun 2017 00:09:05 GMT

New smart hang-tag from Thinfilm and Bedford

Tue, 22 Nov 2016 00:02:57 GMT

Investment summary

In Q217, Thinfilm started production of EAS (electronic article surveillance) and NFC tags at its new production facility in San Jose, commenced sales of temperature sensor smart labels and launched its CNECT cloud-based software portal for its NFC-based solutions. Recent deals include a supply contract for Californian medical marijuana supplier, Caliva, and a co-operation deal to incorporate Thinfilm’s labels into Cratus Technology's mobile sensor-based security platform. Upcoming revenues should reflect high brand interest in Thinfilm's NFC solutions, the group's high EAS order backlog and smart-label launch. We see Thinfilm as fully funded until 2018 with a DCF value of NOK8.19 per share.

Last updated on 03/08/2017

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 26/07/2017

Latest video

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 SpeedTap, which is on pilot trial with a number of brands; memory labels, which are in production; and temperature sensor smart labels, where it has shipped product to go-to-market partners. The ability of printed electronics to add intelligence to low-cost, high-volume products opens a wide range of potential applications.

Last updated on 03/08/2017

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
View website