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NEXT GENERATION INVESTMENT BANKING

Catalyst Potential

It is important to look beyond the numbers and seek a likely catalysts, which could unlock value, and estimate how long it will take for the catalyst to play out. These events, or Catalyst Potential, reduce risk by narrowing the gap between price and value in a more predictable way. This is particularly important when investing in a low-quality business where time is like a ticking bomb stacked against the company.

Catalyst Potential is a Premium members feature in Redeye Universe.

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Redeye Rating

Henrik Alveskog

Equity Analyst

henrik.alveskog@redeye.se

+46854501345

Company Quality

  • 6.0
  • 10.0
  • 6.0
  • 0.0
  • 2.0

Leadership

Exclusive for members
Ledarskapet är än så länge svårt att utvärdera då bolaget fram till noteringen på First North hösten 2015 har levt en anonym tillvaro i princip utan någon extern kommunikation. Ledningen som tillika är grundare av bolaget har en gedigen branscherfarenhet och relevant bakgrund, men underlaget för att utvärdera dem är hittills klart begränsat. Kommunikationen och den ekonomiska redovisningen är också knapphändig och begränsar genomlysningen av verksamheten.

Ownership

Exclusive for members

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Profit outlook

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Profitability

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Capital Strength

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Key Model Assumptions - The Bear Case

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Key Model Assumptions - The Bull Case

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Key Model Assumptions - The Base Case

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Latest price

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Fair Value Range

Last Price
Key Model Assumptions - The Bear Case
Key Model Assumptions - The Bull Case
Key Model Assumptions - The Base Case

Catalyst Potential

Impact

Timeframe

Short
Mid
Long

Company description

Photocat is a Danish company based in Roskilde close to Copenhagen. Operations started in 2005 when SCF Technologies A/S started developing photo catalytic material. Photocat was founded in 2009 and shortly thereafter acquired the R&D part of the materials division of SCF Technologies. Read more...
Photocat is a Danish company based in Roskilde close to Copenhagen. Operations started in 2005 when SCF Technologies A/S started developing photo catalytic material. Photocat was founded in 2009 and shortly thereafter acquired the R&D part of the materials division of SCF Technologies. The three founders of Photocat: Henrik Jensen, Theis Renberg and Michael Humle worked at SCF Technologies prior to 2009. All three are still partners and holding key positions in Photocat. The company has approximately 12 employees, sales of DKK 2 million and a loss of DKK 6 million in 2015. The shares were listed on First North in November 2015.

The company has developed a wide range of recipes for different applications and customer needs. The material, a transparent solution of titanium dioxide, is sold primarily to industrial clients who integrate it into their products that are marketed to the end customer. In some of their first projects Photocat was also involved in the installation process. But the idea is not to deal with the last part of the distribution chain which would require a much larger organisation.
Less...

TODAY

Day High
N/A
19.60
0.00
-1.0%
Day Low
N/A
Day Open
19.50
Prev Close
19.60
VWAP
N/A
Volume
0K
Turnover
0.000M
Top Broker
VWAP
19.1
Avg Volume
4K
Avg Turnover
0.084M
Top Brokers
NON/MGF

52 WEEK SUMMARY

Price Range
Beta
n/a
Market Cap
58.8M
Total Return
37.5%
Trailing P/E
-5.9
Div Yield
0.0%
Shares Outstanding
3.0M
Next Earnings Date
27 Apr
Stock Exchange
First North Stockholm

Identify and measure trend strength in stocks with our Momentum tool to identify potential entry and exit signals. The tool provides a set of the most simple but powerful indicators that identify whether a stock is under sell or buy pressure.

Relative Price Strength
Rel Price Chg 3 Months 10.5%
Rel Price Chg 12 Months 16.3%
Volume Trend
Avg Vol 10 vs 60 Days 2.6%
Price vs...
52-Week High -45.6%
50-Day Moving Average -3.5%
200-Day Moving Average 3.7%

Historic pricing of Photocat

Last price: 19.60 SEK

Loading data...

Prev Close [[ prevClose|number:2 ]] SEK Change [[ changeValue|number:2 ]] %
High [[ highValue|number:2 ]] SEK Avg Daily Volume [[ avgVolume|number:0 ]] Shares
Low [[ lowValue|number:2 ]] SEK Avg Daily Turnover [[ graphAvgTurnover|number:2 ]] SEK

Management

Michael Humle, CEO
Carsten Bach-Petersen, CFO

Executive Board

Mette Therkildsen, Chairman of the board
Tom Weidner
Thomas Becker
Henrik Jensen
Nethe Rosa Hjörland

Last updated: 2017-03-02 Source: Redeye

Major Holders

Owner Equity Votes
PhotoC Holding ApS 32.0%
32.0%
Strategic Investments A/S 21.5%
21.5%
CAPNOVA Invest Zealand 10.3%
10.2%
LMK Forward 9.7%
9.7%
Michael Humle 4.3%
4.3%
Michael Lönn 2.4%
2.4%
Steen Ornslund 1.3%
1.3%
Kenneth Nord 0.7%
0.7%
Mette Terkildsen 0.7%
0.7%

Last updated: 2017-03-02 Source: Redeye

Insider transaction summary

Total insider purchases and sales reported

Timeframe Transactions Net Shares
Last 12 Weeks

0 Purchases

+ 0

0 Sales

- 0

Last 24 Weeks

0 Purchases

+ 0

0 Sales

- 0

Most recent insider transactions

Exclusive for members
Report Date Name Position Transaction Shares Chg Est Value (SEK)
2015-12-15 Svensson, Malin ANB Sale + 57 123
2015-12-15 Svensson, Malin ANB Sale + 13 42
2015-12-15 Kvist, Kim ANB Sale + 66 125
2015-12-15 Svensson, Malin ANB Sale + 55 48
2015-12-15 Kvist, Malin ANB Sale + 10 192

Source: Millistream – FI

More
  • Profitability
  • ROE
  • ROCE
  • ROIC
  • EBITDA margin
  • EBIT margin
  • Net margin
  • Per share data (SEK)
  • EPS
  • EPS adj
  • Dividend
  • Net debt
  • Total shares
  • Valuation
  • EV (SEKm)
  • P/E
  • P/E diluted
  • P/Sales
  • EV/Sales
  • EV/EBITDA
  • EV/EBIT
  • P/BV
  • Capital structure
  • Equity ratio
  • Debt/equity ratio
  • Net debt (SEKm)
  • Capital employed (SEKm)
  • Capital turnover rate
Previous year Next year
2014
  • -33.4%
  • -26.4%
  • -21.0%
  • -20.6%
  • -67.0%
  • -55.4%
  • -1.95
  • -1.95
  • 0.00
  • 3.17
  • 1.2M
  • 26.6
  • -10.1
  • -10.1
  • 5.6
  • 6.5
  • -31.4
  • -9.7
  • 3.8
  • 37.0%
  • 100.0%
  • 4
  • 10
  • 0.2
2015
  • -58.9%
  • -44.2%
  • -53.7%
  • -108.5%
  • -192.9%
  • -198.5%
  • -2.85
  • -2.85
  • 0.00
  • -0.58
  • 2.0M
  • 37.7
  • -6.9
  • -6.9
  • 13.6
  • 13.2
  • -12.2
  • -6.9
  • 3.0
  • 65.1%
  • 3.8%
  • -1
  • 12
  • 0.1
2016
  • -64.1%
  • -57.0%
  • -63.9%
  • -80.8%
  • -116.2%
  • -114.8%
  • -3.30
  • -3.30
  • 0.00
  • 0.52
  • 2.4M
  • 47.4
  • -5.9
  • -5.9
  • 6.8
  • 7.0
  • -8.7
  • -6.0
  • 4.1
  • 63.4%
  • 3.4%
  • 1
  • 12
  • 0.4
2017E
  • -43.8%
  • -36.4%
  • -45.4%
  • -22.3%
  • -36.4%
  • -36.4%
  • -1.88
  • -1.88
  • 0.00
  • 0.52
  • 3.0M
  • 60.3
  • -10.4
  • -10.4
  • 3.0
  • 3.9
  • -17.5
  • -10.7
  • 3.2
  • 56.3%
  • 7.8%
  • 2
  • 16
  • 0.6
2018E
  • 13.5%
  • 9.6%
  • 13.1%
  • 11.8%
  • 6.6%
  • 6.6%
  • 0.70
  • 0.70
  • 0.00
  • 2.37
  • 3.0M
  • 65.9
  • 27.9
  • 27.9
  • 1.8
  • 2.1
  • 17.5
  • 31.3
  • 3.5
  • 47.1%
  • 16.0%
  • 7
  • 24
  • 0.9
2019E
  • 44.4%
  • 32.7%
  • 40.0%
  • 23.0%
  • 19.0%
  • 19.0%
  • 3.17
  • 3.17
  • 0.00
  • 1.38
  • 3.0M
  • 62.9
  • 6.2
  • 6.2
  • 1.2
  • 1.3
  • 5.5
  • 6.6
  • 2.2
  • 61.9%
  • 12.7%
  • 4
  • 30
  • 1.2
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • EBITDA
  • Depreciation
  • Amortization
  • Impairment charges
  • EBIT
  • Share in profits
  • Net financial items
  • Exchange rate dif.
  • Pre-tax profit
  • Tax
  • Net earnings
Previous year Next year
2014
  • 4
  • -5
  • -1
  • -2
  • 0
  • 0
  • -3
  • 0
  • -0
  • 0
  • -3
  • 1
  • -2
2015
  • 3
  • -6
  • -3
  • -2
  • 0
  • 0
  • -5
  • 0
  • -0
  • 0
  • -6
  • 0
  • -6
2016
  • 7
  • -12
  • -5
  • -2
  • 0
  • 0
  • -8
  • 0
  • -0
  • 0
  • -8
  • 0
  • -8
2017E
  • 5
  • 0
  • 6
  • 1
  • 3
  • 7
  • 4
  • 2
  • 1
  • 8
  • 7
  • 10
  • 10
Q1E
  • 2
  • 10
  • 3
  • 1
  • 8
  • 0
  • 6
  • 4
  • 10
  • 5
  • 3
  • 10
  • 0
Q2E
  • 1
  • 4
  • 4
  • 6
  • 0
  • 4
  • 6
  • 0
  • 6
  • 7
  • 5
  • 6
  • 1
Q3E
  • 9
  • 3
  • 8
  • 6
  • 5
  • 10
  • 0
  • 10
  • 6
  • 7
  • 6
  • 0
  • 7
Q4E
  • 1
  • 5
  • 9
  • 3
  • 4
  • 9
  • 1
  • 6
  • 1
  • 9
  • 3
  • 8
  • 7
2017E
  • 5
  • 1
  • 3
  • 7
  • 10
  • 8
  • 8
  • 8
  • 7
  • 7
  • 6
  • 5
  • 10
2018E
  • 7
  • 8
  • 9
  • 3
  • 6
  • 1
  • 4
  • 8
  • 9
  • 7
  • 7
  • 4
  • 9
Q1E
  • 8
  • 5
  • 2
  • 8
  • 3
  • 8
  • 5
  • 10
  • 9
  • 4
  • 5
  • 8
  • 2
Q2E
  • 4
  • 8
  • 9
  • 6
  • 6
  • 3
  • 2
  • 4
  • 1
  • 10
  • 6
  • 5
  • 1
Q3E
  • 1
  • 3
  • 9
  • 1
  • 1
  • 8
  • 10
  • 2
  • 8
  • 3
  • 10
  • 5
  • 10
Q4E
  • 7
  • 10
  • 10
  • 3
  • 2
  • 0
  • 4
  • 9
  • 7
  • 0
  • 6
  • 9
  • 4
2018E
  • 5
  • 7
  • 8
  • 2
  • 9
  • 7
  • 8
  • 7
  • 10
  • 3
  • 2
  • 6
  • 5
2019E
  • 5
  • 7
  • 8
  • 1
  • 4
  • 9
  • 6
  • 10
  • 0
  • 1
  • 1
  • 9
  • 9
Previous year Next year
    (SEKm)
  • Assets
  • Current assets
  • Cash in banks
  • Receivables
  • Inventories
  • Other current assets
  • Current assets
  • Fixed assets
  • Tangible assets
  • Associated comp.
  • Investments
  • Goodwill
  • Cap. exp. for dev.
  • O intangible rights
  • O non-current assets
  • Total fixed assets
  • Deferred tax assets
  • Total (assets)
  • Liabilities
  • Current liabilities
  • Short-term debt
  • Accounts payable
  • O current liabilities
  • Current liabilities
  • Long-term debt
  • O long-term liabilities
  • Convertibles
  • Total Liabilities
  • Deferred tax liab
  • Provisions
  • Shareholders' equity
  • Minority interest (BS)
  • Minority & equity
  • Total liab & SE
Previous year Next year
2014
  • 0
  • 1
  • 1
  • 1
  • 2
  • 3
  • 0
  • 0
  • 0
  • 0
  • 11
  • 0
  • 14
  • 0
  • 16
  • 0
  • 3
  • 0
  • 3
  • 4
  • 0
  • 0
  • 7
  • 0
  • 4
  • 6
  • 0
  • 6
  • 17
2015
  • 3
  • 1
  • 2
  • 0
  • 6
  • 3
  • 0
  • 0
  • 0
  • 0
  • 11
  • 0
  • 14
  • 0
  • 20
  • 0
  • 3
  • 0
  • 3
  • 2
  • 0
  • 0
  • 5
  • 0
  • 2
  • 13
  • 0
  • 13
  • 20
2016
  • 0
  • 4
  • 1
  • 1
  • 5
  • 2
  • 0
  • 0
  • 0
  • 0
  • 10
  • 0
  • 12
  • 0
  • 18
  • 0
  • 3
  • 0
  • 3
  • 1
  • 0
  • 0
  • 4
  • 0
  • 2
  • 11
  • 0
  • 11
  • 18
2017E
  • 0
  • 1
  • 8
  • 7
  • 7
  • 9
  • 0
  • 3
  • 5
  • 2
  • 1
  • 3
  • 9
  • 2
  • 2
  • 4
  • 2
  • 7
  • 1
  • 3
  • 3
  • 8
  • 2
  • 2
  • 5
  • 6
  • 5
  • 5
  • 0
2018E
  • 9
  • 10
  • 8
  • 8
  • 3
  • 4
  • 2
  • 4
  • 2
  • 10
  • 0
  • 1
  • 8
  • 7
  • 6
  • 7
  • 1
  • 0
  • 0
  • 6
  • 0
  • 1
  • 4
  • 1
  • 2
  • 0
  • 4
  • 10
  • 8
2019E
  • 0
  • 8
  • 9
  • 7
  • 1
  • 6
  • 9
  • 1
  • 7
  • 7
  • 7
  • 1
  • 3
  • 2
  • 0
  • 7
  • 1
  • 5
  • 7
  • 5
  • 8
  • 9
  • 2
  • 3
  • 3
  • 10
  • 10
  • 1
  • 6
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • Depreciations total
  • EBIT
  • Taxes on EBIT
  • NOPLAT
  • Depreciation
  • Gross cash flow
  • Change in WC
  • Gross CAPEX
  • Free cash flow
Previous year Next year
2014
  • 4
  • -5
  • -2
  • -3
  • 1
  • -2
  • 2
  • -0
  • 1
  • -2
  • -2
2015
  • 3
  • -6
  • -2
  • -5
  • 0
  • -5
  • 2
  • -3
  • -2
  • -2
  • -7
2016
  • 7
  • -12
  • -2
  • -8
  • 0
  • -8
  • 2
  • -5
  • -1
  • -1
  • -8
2017E
  • 10
  • 0
  • 7
  • 6
  • 6
  • 9
  • 4
  • 6
  • 3
  • 0
  • 7
2018E
  • 3
  • 2
  • 3
  • 3
  • 9
  • 7
  • 4
  • 3
  • 4
  • 6
  • 6
2019E
  • 2
  • 7
  • 2
  • 9
  • 6
  • 0
  • 8
  • 4
  • 10
  • 2
  • 4
Previous year Next year
More