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.NOK2671.9m
Last closeNOK2.28
High / Low (52 weeks)NOK4.0 / NOK1.8
Stock market listingNO
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(12.6)10.7(36)
Relative *(9.5)9.8(43.7)

* % Relative to local index

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Company news

Thinfilm Hires John McNulty as EVP Marketing, Promotes Christian Delay to EVP ...

Wed, 07 Feb 2018 07:30:00 GMT

Disclosure of holding in Thin Film Electronics ASA

Fri, 24 Feb 2017 06:56:15 GMT

Thinfilm and Coronado Brewing Company 'Smart Coaster' Campaign Earns 2017 ...

Thu, 28 Sep 2017 06:22:30 GMT

Thinfilm Raises $110 Million as NFC Solutions Traction Increases among Leading ...

Fri, 20 Oct 2017 15:56:15 GMT

CMSmartconnect and Thinfilm to Transform NFC Smart Packaging into Actionable ...

Mon, 02 Oct 2017 06:00:00 GMT

Investment summary

In Q217, Thinfilm started production of EAS (electronic article surveillance) and NFC tags at its new production facility in San Jose and commenced sales of temperature sensor smart labels. Thinfilm reported a q-o-q doubling in Q2 sales revenues to $1.4m, giving rise to Q217 EBITDA losses of $13.3m. Mid-year cash balances totalled $28.2m. The exclusion of Thinfilm's tags from those to be recognised by Apple phones using iOS 11 have led Thinfilm to decide to sell conventional silicon NFC tags alongside its printed PDPS variety. Thinfilm is working to have its protocol recognised by the NFC Forum but we see Apple's decision as likely to negatively affect PDPS tag demand while this process is ongoing.

Last updated on 02/02/2018

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 N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 13/12/2017

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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 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 02/02/2018

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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