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Thorney Technologies

DB:TTG
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TTG
DB
A$42M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Thorney Technologies Ltd invests in technology related companies. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Thorney Technologies is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Thorney Technologies has significant price volatility in the past 3 months.
TTG Share Price and Events
7 Day Returns
6.8%
DB:TTG
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-40.6%
DB:TTG
-6.9%
DE Capital Markets
-17.2%
DE Market
TTG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thorney Technologies (TTG) 6.8% -38.8% -50% -40.6% - -
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • TTG underperformed the Capital Markets industry which returned -6.9% over the past year.
  • TTG underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
TTG
Industry
5yr Volatility vs Market

TTG Value

 Is Thorney Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Thorney Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Thorney Technologies.

DB:TTG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= A$0.27 * 12.6%
A$0.03
Book Value of Equity per Share Median Book Value from the past 5 years. A$0.27
Discount Rate (Cost of Equity) See below 4.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TTG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 30%) (0%))
0.834
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.834 * 5.44%)
4.15%

Discounted Cash Flow Calculation for DB:TTG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Thorney Technologies is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:TTG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.6% – 4.15%) * A$0.27)
A$0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.02 / (4.15% - -0.39%)
A$0.50
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$0.27 + A$0.50
A$0.77
DB:TTG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TTG represents 0.47879x of ASX:TEK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.47879x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 0.77 x 0.47879
€0.37
Value per share (EUR) From above. €0.37
Current discount Discount to share price of €0.08
= -1 x (€0.08 - €0.37) / €0.37
78.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Thorney Technologies is available for.
Intrinsic value
>50%
Share price is €0.079 vs Future cash flow value of €0.36884
Current Discount Checks
For Thorney Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Thorney Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Thorney Technologies's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Thorney Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thorney Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TTG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.11
ASX:TEK Share Price ** ASX (2020-04-01) in AUD A$0.17
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Thorney Technologies.

DB:TTG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:TEK Share Price ÷ EPS (both in AUD)

= 0.17 ÷ 0.11

1.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thorney Technologies is good value based on earnings compared to the DE Capital Markets industry average.
  • Thorney Technologies is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Thorney Technologies's expected growth come at a high price?
Raw Data
DB:TTG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Thorney Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thorney Technologies's assets?
Raw Data
DB:TTG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.36
ASX:TEK Share Price * ASX (2020-04-01) in AUD A$0.17
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:TTG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:TEK Share Price ÷ Book Value per Share (both in AUD)

= 0.17 ÷ 0.36

0.46x

* Primary Listing of Thorney Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thorney Technologies is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Thorney Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Thorney Technologies has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TTG Future Performance

 How is Thorney Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Thorney Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thorney Technologies expected to grow at an attractive rate?
  • Unable to compare Thorney Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Thorney Technologies's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Thorney Technologies's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:TTG Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TTG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TTG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 25 10 28
2019-09-30 23 6 25
2019-06-30 20 3 23
2019-03-31 8 -4 9
2018-12-31 -4 -11 -5
2018-09-30 3 -11 0
2018-06-30 10 -11 6
2017-12-31 19 -19 14
2017-09-30 12 -15 9
2017-06-30 5 -11 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Thorney Technologies is high growth as no earnings estimate data is available.
  • Unable to determine if Thorney Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TTG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Thorney Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TTG Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.11
2019-09-30 0.10
2019-06-30 0.09
2019-03-31 0.03
2018-12-31 -0.02
2018-09-30 0.00
2018-06-30 0.02
2017-12-31 0.07
2017-09-30 0.06
2017-06-30 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Thorney Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Thorney Technologies is trading at Thorney Technologies'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Thorney Technologies's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Thorney Technologies's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Thorney Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Thorney Technologies has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TTG Past Performance

  How has Thorney Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Thorney Technologies's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Thorney Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • Thorney Technologies has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Thorney Technologies has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
Thorney Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Thorney Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TTG Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 25.45 27.71 5.51
2019-09-30 22.71 25.12 5.35
2019-06-30 19.97 22.54 5.19
2019-03-31 8.13 8.73 3.38
2018-12-31 -3.71 -5.08 1.56
2018-09-30 2.91 0.24 2.85
2018-06-30 9.52 5.56 4.15
2017-12-31 19.38 14.39 4.99
2017-09-30 12.31 8.79 3.52
2017-06-30 5.25 3.19 2.04
2016-12-31 0.00 -0.46 0.44
2016-09-30 0.00 -0.23 0.22
2016-06-30 0.00 0.00
2015-12-31 0.00 0.00
2015-09-30 0.00 0.00
2015-06-30 0.00 0.00
2014-12-31 30.47 -3.27 2.33
2014-09-30 50.85 -4.40 3.67
2014-06-30 71.23 -5.53 5.02
2014-03-31 70.66 -3.50 5.77
2013-12-31 70.09 -1.46 6.52
2013-09-30 64.34 0.42 6.39
2013-06-30 58.59 2.30 6.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Thorney Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Thorney Technologies used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Thorney Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Thorney Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Thorney Technologies has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TTG Health

 How is Thorney Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Thorney Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thorney Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thorney Technologies has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Thorney Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Thorney Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Thorney Technologies Company Filings, last reported 3 months ago.

DB:TTG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 92.02 0.00 58.10
2019-09-30 92.02 0.00 58.10
2019-06-30 86.77 0.00 57.49
2019-03-31 86.77 0.00 57.49
2018-12-31 64.31 0.00 45.21
2018-09-30 64.31 0.00 45.21
2018-06-30 64.25 0.00 57.80
2017-12-31 69.42 0.00 67.79
2017-09-30 69.42 0.00 67.79
2017-06-30 43.95 0.00 43.01
2016-12-31 -0.96 0.97 0.03
2016-09-30 -0.96 0.97 0.03
2016-06-30 -0.59 0.59 0.00
2015-12-31 3.71 12.85 1.40
2015-09-30 3.71 12.85 1.40
2015-06-30 19.87 13.92 1.74
2014-12-31 19.74 13.92 2.09
2014-09-30 19.74 13.92 2.09
2014-06-30 19.40 14.60 0.95
2014-03-31 19.40 14.60 0.95
2013-12-31 22.55 16.28 1.67
2013-09-30 22.55 16.28 1.67
2013-06-30 24.69 18.94 2.06
  • Thorney Technologies has no debt.
  • Thorney Technologies has no debt compared to 5 years ago when it was 70.5%.
  • Thorney Technologies has no debt, it does not need to be covered by operating cash flow.
  • Thorney Technologies has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Thorney Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Thorney Technologies has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TTG Dividends

 What is Thorney Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Thorney Technologies dividends.
If you bought €2,000 of Thorney Technologies shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Thorney Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Thorney Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TTG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Thorney Technologies has not reported any payouts.
  • Unable to verify if Thorney Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Thorney Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Thorney Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Thorney Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Thorney Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thorney Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TTG Management

 What is the CEO of Thorney Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Thorney Technologies has no CEO, or we have no data on them.
Management Team

Craig Smith

TITLE
Secretary
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure of the Thorney Technologies board of directors in years:

3.6
Average Tenure
  • The tenure for the Thorney Technologies board of directors is about average.
Board of Directors

Alex Waislitz

TITLE
Non-Executive Chairman
TENURE
3.3 yrs

Alan Fisher

TITLE
Non-Executive & Independent Director
COMPENSATION
A$55K
AGE
65
TENURE
5.7 yrs

Martin Casey

TITLE
Non-Executive Director
COMPENSATION
A$55K
TENURE
3.8 yrs

Jeremy Leibler

TITLE
Non-Executive Director
COMPENSATION
A$55K
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
11. Mar 20 Buy Thorney Investment Group Australia Pty. Ltd. Company 10. Mar 20 10. Mar 20 110,000 €0.13 €13,866
06. Mar 20 Buy Thorney Investment Group Australia Pty. Ltd. Company 05. Mar 20 05. Mar 20 23,816 €0.14 €3,301
03. Mar 20 Buy Thorney Investment Group Australia Pty. Ltd. Company 03. Mar 20 03. Mar 20 76,184 €0.14 €10,808
03. Mar 20 Buy Thorney Investment Group Australia Pty. Ltd. Company 02. Mar 20 02. Mar 20 100,000 €0.13 €13,467
26. Feb 20 Buy Thorney Investment Group Australia Pty. Ltd. Company 25. Feb 20 25. Feb 20 100,000 €0.15 €15,173
25. Feb 20 Buy Thorney Investment Group Australia Pty. Ltd. Company 21. Feb 20 21. Feb 20 90,000 €0.17 €15,118
28. Nov 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 27. Nov 19 28. Nov 19 90,000 €0.17 €15,491
18. Oct 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 18. Oct 19 18. Oct 19 92,500 €0.17 €15,349
17. Oct 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 17. Oct 19 17. Oct 19 90,000 €0.17 €15,186
07. Aug 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 05. Aug 19 05. Aug 19 13,000 €0.15 €1,930
05. Aug 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 02. Aug 19 02. Aug 19 87,000 €0.15 €13,042
29. Jul 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 26. Jul 19 26. Jul 19 42,854 €0.16 €6,652
25. Jul 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 19. Jul 19 19. Jul 19 57,146 €0.16 €8,972
27. Jun 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 21. Jun 19 25. Jun 19 110,000 €0.14 €15,492
27. May 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 27. May 19 27. May 19 90,483 €0.15 €13,702
24. May 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 23. May 19 23. May 19 9,517 €0.15 €1,440
23. May 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 22. May 19 22. May 19 100,000 €0.15 €15,108
03. May 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 02. May 19 02. May 19 100,000 €0.16 €15,654
15. Apr 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 12. Apr 19 12. Apr 19 105,000 €0.15 €15,993
08. Apr 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 05. Apr 19 05. Apr 19 110,000 €0.15 €16,355
04. Apr 19 Buy Thorney Investment Group Australia Pty. Ltd. Company 03. Apr 19 03. Apr 19 110,000 €0.15 €16,034
X
Management checks
We assess Thorney Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Thorney Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TTG News

Simply Wall St News

TTG Company Info

Description

Thorney Technologies Ltd invests in technology related companies. The company was formerly known as Australian Renewable Fuels Limited and changed its name to Thorney Technologies Ltd in December 2016. Thorney Technologies Ltd was founded in 2005 and is based in Melbourne, Australia.

Details
Name: Thorney Technologies Ltd
TTG
Exchange: DB
Founded: 2005
A$23,721,380
257,285,224
Website: http://www.thorneytechnologies.com.au
Address: Thorney Technologies Ltd
55 Collins Street,
Level 39,
Melbourne,
Victoria, 3000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX TEK Ordinary Shares Australian Securities Exchange AU AUD 10. May 2005
DB TTG Ordinary Shares Deutsche Boerse AG DE EUR 10. May 2005
CHIA TEK Ordinary Shares Chi-X Australia AU AUD 10. May 2005
ASX TEK NPV Australian Securities Exchange AU AUD 01. Apr 2020
Number of employees
Current staff
Staff numbers
0
Thorney Technologies employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 23:05
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.