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Tern

AIM:TERN
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TERN
AIM
£25M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Tern Plc invests in the private software companies. The last earnings update was 52 days ago. More info.


Add to Portfolio Compare Print
  • Tern has significant price volatility in the past 3 months.
TERN Share Price and Events
7 Day Returns
0%
AIM:TERN
-0.5%
GB Capital Markets
-0.4%
GB Market
1 Year Returns
-39.3%
AIM:TERN
19.6%
GB Capital Markets
4.5%
GB Market
TERN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tern (TERN) 0% -28.8% -5.1% -39.3% 23.3% 196%
GB Capital Markets -0.5% -0.1% 2.5% 19.6% 60.1% 102.6%
GB Market -0.4% 1.7% 4.7% 4.5% 6.9% 2.9%
1 Year Return vs Industry and Market
  • TERN underperformed the Capital Markets industry which returned 19.6% over the past year.
  • TERN underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 4.5% over the past year.
Price Volatility
TERN
Industry
5yr Volatility vs Market

TERN Value

 Is Tern 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
  • It is not possible to calculate the future cash flow value for Tern. This is due to cash flow or dividend data being unavailable. The share price is £0.0925.
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 Tern's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tern's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:TERN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.00
AIM:TERN Share Price ** AIM (2019-11-15) in GBP £0.09
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.17x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.16x

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

** Primary Listing of Tern.

AIM:TERN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:TERN Share Price ÷ EPS (both in GBP)

= 0.09 ÷ 0.00

-31.07x

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

  • Tern is loss making, we can't compare its value to the GB Capital Markets industry average.
  • Tern is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Tern's expected growth come at a high price?
Raw Data
AIM:TERN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -31.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 24 Publicly-Listed Capital Markets Companies 1.22x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.4x

*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 Tern, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tern's assets?
Raw Data
AIM:TERN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.07
AIM:TERN Share Price * AIM (2019-11-15) in GBP £0.09
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.34x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.52x
AIM:TERN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:TERN Share Price ÷ Book Value per Share (both in GBP)

= 0.09 ÷ 0.07

1.35x

* Primary Listing of Tern.

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

  • Tern is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Tern'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. Tern has a total score of 0/6, 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.

TERN Future Performance

 How is Tern 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 Tern 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
17.8%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tern expected to grow at an attractive rate?
  • Unable to compare Tern's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tern's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Tern's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:TERN Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.8%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
AIM:TERN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:TERN Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 0 -1 -1
2019-03-31 0 -1 -1
2018-12-31 0 -1 0
2018-09-30 0 -1 -1
2018-06-30 0 -1 -1
2018-03-31 0 -1 -2
2017-12-31 0 -1 -2
2017-09-30 0 -1 -1
2017-06-30 0 0 0
2017-03-31 0 0 3
2016-12-31 0 0 5
2016-09-30 0 0 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tern is high growth as no earnings estimate data is available.
  • Unable to determine if Tern 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
AIM:TERN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tern Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TERN Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 0.00
2017-03-31 0.03
2016-12-31 0.06
2016-09-30 0.07

*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 Tern will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Tern's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Tern'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. Tern'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 Tern'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Tern 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.

TERN Past Performance

  How has Tern 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 Tern'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.
  • Tern does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Tern's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Tern's 1-year growth to the GB Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Tern'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 Tern Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TERN Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 0.09 -0.71 1.06
2019-03-31 0.10 -0.51 1.01
2018-12-31 0.11 -0.31 0.96
2018-09-30 0.11 -0.88 0.93
2018-06-30 0.12 -1.44 0.73
2018-03-31 0.11 -1.57 0.79
2017-12-31 0.10 -1.69 0.86
2017-09-30 0.09 -0.70 0.95
2017-06-30 0.08 0.30 1.04
2017-03-31 0.07 2.80 0.92
2016-12-31 0.07 5.30 0.80
2016-09-30 0.10 4.87 0.68
2016-06-30 0.14 4.43 0.55
2016-03-31 0.15 2.12 0.47
2015-12-31 0.16 -0.19 0.40
2015-09-30 0.13 -0.12 0.30
2015-06-30 0.09 -0.05 0.20
2015-03-31 0.07 -0.05 0.18
2014-12-31 0.04 -0.05 0.16
2014-06-30 0.01 0.67 0.22
2014-03-31 0.01 0.45 0.38
2013-12-31 0.24 0.53
2013-06-30 -4.89 0.81
2013-03-31 -4.96 0.90
2012-12-31 -5.04 0.99

*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.
  • It is difficult to establish if Tern has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Tern has efficiently used its assets last year compared to the GB Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tern improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Tern'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.
Tern has a total score of 0/6, 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.

TERN Health

 How is Tern'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 Tern's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tern is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tern has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tern'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.
  • Tern 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 Tern Company Filings, last reported 4 months ago.

AIM:TERN Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 17.48 0.00 1.37
2019-03-31 17.48 0.00 1.37
2018-12-31 16.75 0.00 1.91
2018-09-30 16.75 0.00 1.91
2018-06-30 13.94 0.00 1.54
2018-03-31 13.94 0.00 1.54
2017-12-31 10.58 0.21 0.27
2017-09-30 10.58 0.21 0.27
2017-06-30 10.79 0.08 0.34
2017-03-31 10.79 0.08 0.34
2016-12-31 11.19 0.10 0.76
2016-09-30 11.19 0.10 0.76
2016-06-30 7.28 0.10 0.01
2016-03-31 7.28 0.10 0.01
2015-12-31 1.69 0.10 0.28
2015-09-30 1.69 0.10 0.28
2015-06-30 0.86 0.28 0.34
2015-03-31 0.86 0.28 0.34
2014-12-31 0.94 0.26 0.43
2014-06-30 -0.07 0.27 0.05
2014-03-31 -0.07 0.27 0.05
2013-12-31 0.02 0.15 0.15
2013-06-30 -1.09 0.03 0.02
2013-03-31 -1.09 0.03 0.02
2012-12-31 -0.91 0.66 0.02
  • Tern has no debt.
  • Tern currently has no debt however we can't compare to 5 years ago as we have no data for that period.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Tern has sufficient cash runway for 1.8 years based on current free cash flow.
  • Tern has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 46.2% each year.
X
Financial health checks
We assess Tern'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. Tern 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.

TERN Dividends

 What is Tern'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 Tern dividends.
If you bought £2,000 of Tern 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 Tern's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tern'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
AIM:TERN 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
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

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 Tern has not reported any payouts.
  • Unable to verify if Tern's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tern's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tern 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 Tern's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Tern afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tern 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.

TERN Management

 What is the CEO of Tern'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.
CEO
Al Sisto
COMPENSATION £84,473
AGE 68
TENURE AS CEO 3.2 years
CEO Bio

Mr. Albert E. Sisto, also known as Al, has been the Chief Executive Officer of TERN plc since September 22, 2016. Mr. Sisto is a General Partner of Sixth Bridge L. P. where he serves as an investor and business advisor to private companies. He served as Director of Investments and North America at TERN plc. Mr. Sisto was a Venture Partner of Nauta Capital. Mr. Sisto focused on enterprise software and security. He served as an Advisor at Empire Ventures, Inc. Mr. Sisto served as the Chairman of Hifn, Inc. from November 10, 2006 to April 2009 and its Chief Executive Officer and Interim President from February 12, 2007 to April 2009 and as its Interim Chief Executive Officer from November 10, 2006 to February 2007. He served as Chairman of Phoenix Technologies Ltd. from January 2000 to May 26, 2006 and its Chief Executive Officer and President from June 1999 to May 26, 2006. He served as Chief Operating Officer of RSA Security, Inc from November 1997 to June 1999. From 1989 to 1994, he served as the President and Chief Executive Officer of PixelCraft, Inc. He has been employed at Degama Software Solutions, Inc. He was employed at RSA Data Security, Inc. He served as the Chairman of DocuMagix Inc. and as its Chief Executive Officer and President from September 1994 to October 1997. Prior to that, Mr. Sisto served as the President and Chief Executive Officer of Pixel Craft (formerly, BarneyScan) from 1989 to September 1994. He served in executive management roles at MIPS Technologies, Ingres, Relational Technologies, Intel, Honeywell and General Electric. He serves as the Chairman of Acctuall, Inc and Agnitio S.L. and has been its Director since June 27, 2011. He has been a Director of Exar since April 3, 2009 and Site Intelligence Limited since May 2011. He is a board observer at Runtime Collective Limited. Mr. Sisto serves as a Director at Kinamik Data Integrity Inc. and Kinamik Data Integrity, S.L. He has been Member of Advisory Board at Metaforic Limited since August 28, 2012. He serves as a Member of the Advisory Board at Nok Nok Labs Inc. He has been an Executive Director of TERN plc since February 04, 2014, as well as served as its Chairman. He has been a Director of iJento Limited since May 2011, as well as serves as its Advisor. He has been a Director of hi/fn, inc. and Digital Signal Corporation since 1998. He has been a Member of Advisory Board of Directors of Swivel Secure Ltd, since September 2009. He serves as Director of Acctuall Inc, Agnitio SA, GetApp SA, Nauta Capital and Sixth Bridge LP. He served as the Chairman of Insilicon Corporation since December 1999. He was an Executive Chairman of CertiVox Ltd. since joining in March 2010. He was a Director of CertiVox Limited and eFax.com Inc. since February 1998 and Swivel Secure Ltd. since September 2008. He served as a Director of Nubera eBusiness S.L. He served on the Boards of Insignia Solutions plc, JetFax and Tekgraf. He served as a Director of Exar Corp. from April 3, 2009 to September 16, 2009. He served as a Director of Hifn, Inc. since December 1998, Insilicon Corporation since November 1999 and Phoenix Technologies Ltd. from June 1999 to May 26, 2006. He served as a Director of Trintech Group plc, Validity Sensors, Inc. and Centiv. He has over 35 years of experience in the high-tech industry. He has 40 years of strong operational experience, an insight on evolving technology markets and a premier network of Silicon Valley technology innovators and business leaders. Mr. Sisto earned a Bachelor of Science in Engineering from Stevens Institute of Technology.

CEO Compensation
  • Al's compensation has increased whilst company is loss making.
  • Al's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Al Sisto

TITLE
CEO & Executive Director
COMPENSATION
£84K
AGE
68
TENURE
3.2 yrs

Sarah Payne

TITLE
Finance Director
COMPENSATION
£66K
AGE
46
TENURE
4.2 yrs

Bruce Leith

TITLE
Business Development Director & Executive Director
COMPENSATION
£66K
AGE
67
Board of Directors Tenure

Average tenure and age of the Tern board of directors in years:

4.2
Average Tenure
68
Average Age
  • The tenure for the Tern board of directors is about average.
Board of Directors

Ian Ritchie

TITLE
Non-Executive Chairman
COMPENSATION
£30K
AGE
68
TENURE
2.4 yrs

Al Sisto

TITLE
CEO & Executive Director
COMPENSATION
£84K
AGE
68
TENURE
5.8 yrs

Sarah Payne

TITLE
Finance Director
COMPENSATION
£66K
AGE
46
TENURE
4.2 yrs

Bruce Leith

TITLE
Business Development Director & Executive Director
COMPENSATION
£66K
AGE
67
TENURE
6.3 yrs

Alan Howarth

TITLE
Non-Executive Director
COMPENSATION
£24K
AGE
73
TENURE
4 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 (£)
X
Management checks
We assess Tern'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. Tern 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.

TERN News

Simply Wall St News

Do Insiders Own Shares In Tern Plc (LON:TERN)?

So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Tern is a smaller company with a market capitalization of UK£31m, so it may still be flying under the radar of many institutional investors. … We can zoom in on the different ownership groups, to learn more about TERN

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Can You Imagine How Elated Tern's Shareholders Feel About Its 316% Share Price Gain?

While Tern Plc (LON:TERN) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 15% in the last quarter. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the five years of share price growth, Tern moved from a loss to profitability.

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Who Are The Top Investors In Tern Plc (LON:TERN)?

In this article, I will take a quick look at Tern Plc’s (LON:TERN) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

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Are Tern Plc's (LON:TERN) Interest Costs Too High?

How does TERN’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … AIM:TERN Historical Debt May 1st 18 Does TERN face the risk of succumbing to its debt-load?

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Should Tern Plc's (LON:TERN) Recent Earnings Decline Worry You?

For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Though Tern's past data is helpful, it is only one aspect of my investment thesis. … I suggest you continue to research Tern to get a better picture of the stock by looking at: Financial Health: Is TERN’s operations financially sustainable?

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Who Are The Major Shareholders In TERN plc (LON:TERN)?

Check out our latest analysis for TERN AIM:TERN Ownership_summary Mar 10th 18 Institutional Ownership TERN's 52.01% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Next Steps: TERN's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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With An ROE Of 2.74%, Has TERN plc's (LON:TERN) Management Done A Good Job?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … ROE can be broken down into three different ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AIM:TERN Last Perf Mar 1st 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

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Interested In TERN plc (LON:TERN)? Here's How It's Performing

Below, I will run you through a simple sense check to build perspective on how TERN is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its oil and gas industry peers. … I prefer to use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … This suggests that, in the recent industry expansion, TERN has not been able to realize the gains unlike its average peer.What does this mean?

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Is TERN plc (AIM:TERN) A Good Oil & Gas Bet?

Not surprisingly, this rate is more than double the growth rate of the UK stock market as a whole. … However, recently the sector saw a reversal in the downturn, and in the past year, the industry turnaround delivered growth of over 100%, beating the UK market growth of 12.37%. … TERN lags the pack with its negative growth rate of -96.19% over the past year, which indicates the company has been growing at a slower pace than its energy peers.

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With An ROE Of 3.27%, Has TERN plc's (AIM:TERN) Management Done A Good Job?

View our latest analysis for TERN Breaking down Return on Equity Return on Equity (ROE) is a measure of TERN’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of TERN’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AIM:TERN Last Perf Nov 28th 17 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

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TERN Company Info

Description

Tern Plc invests in the private software companies. It primarily acquires or invests in companies operating in the Internet of Things and cloud spaces. The company was formerly known as Silvermere Energy plc and changed its name to Tern Plc in August 2013. Tern Plc is based in London, the United Kingdom.

Details
Name: Tern Plc
TERN
Exchange: AIM
Founded:
£24,976,761
270,019,045
Website: http://www.ternplc.com
Address: Tern Plc
27/28 Eastcastle Street,
London,
Greater London, W1W 8DH,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM TERN Ordinary Shares London Stock Exchange AIM Market GB GBP 09. Mar 2006
OTCPK TERN.F Ordinary Shares Pink Sheets LLC US USD 09. Mar 2006
Number of employees
Current staff
Staff numbers
6
Tern employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 20:52
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/09/25
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.