Thin Film Electronics (THIN)

Business description

Thin Film Electronics commercialises printed electronics and owns key patents for printing rewritable, non-volatile memory and printable NFC circuits. It also licenses technology from others to develop complete printed systems.

Stock data

Market cap.NOK2752.8m
Last closeNOK3.37
High / Low (52 weeks)NOK5.7 / NOK3.2
Stock market listingNO
Forecast net cash (US$m)5.9
Forecast gearing ratio (%)N/A

Price performance

Relative *(14)(11.8)(40.1)

* % Relative to local index

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Company news

Thinfilm secures state-of-the-art fabrication facility

Mon, 10 Oct 2016 00:03:58 GMT

Thinfilm first commercial shipment of temperature sensor smart labels

Wed, 03 May 2017 06:22:30 GMT

New smart hang-tag from Thinfilm and Bedford

Tue, 22 Nov 2016 00:02:57 GMT

Thin Film Electronics (TFECF) CEO Davor Sutija on Q4 2016 Results - Earnings ...

Fri, 24 Feb 2017 20:15:00 GMT

San Jose gets new, potentially revolutionary chip fab

Mon, 08 May 2017 14:01:02 GMT

Investment summary

Thinfilm (THIN) has had a very strong few months in terms of business development. EAS orders are back in volume (backlog: 16m units) and the launch of the CNECT platform has also created momentum in pilots and field trial orders for THIN’s NFC labels. Additionally, after many delays, Thinfilm has launched its first hybrid commercial sensor product, using low-cost R2R technology to print the displays in Sweden. With US R2R plans reported to be on track and on budget, we see good potential for positive newsflow-led impetus for the share price in coming quarters.

Last updated on 10/05/2017

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 10/05/2017

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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 02/05/2017

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
+47 23 27 51 59
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