U.S. markets open in 3 hours 12 minutes
  • S&P Futures

    4,165.50
    +3.00 (+0.07%)
     
  • Dow Futures

    33,977.00
    +54.00 (+0.16%)
     
  • Nasdaq Futures

    13,992.75
    -21.25 (-0.15%)
     
  • Russell 2000 Futures

    2,262.40
    +6.70 (+0.30%)
     
  • Crude Oil

    63.69
    +0.23 (+0.36%)
     
  • Gold

    1,772.90
    +6.10 (+0.35%)
     
  • Silver

    26.14
    +0.17 (+0.66%)
     
  • EUR/USD

    1.1985
    +0.0009 (+0.07%)
     
  • 10-Yr Bond

    1.5300
    0.0000 (0.00%)
     
  • Vix

    16.58
    -0.41 (-2.41%)
     
  • GBP/USD

    1.3783
    -0.0002 (-0.01%)
     
  • USD/JPY

    108.7900
    +0.0740 (+0.07%)
     
  • BTC-USD

    61,087.98
    -1,723.12 (-2.74%)
     
  • CMC Crypto 200

    1,359.49
    -21.45 (-1.55%)
     
  • FTSE 100

    7,026.66
    +43.16 (+0.62%)
     
  • Nikkei 225

    29,683.37
    +40.68 (+0.14%)
     

Why We Think Thorney Technologies Ltd (ASX:TEK) Could Be Worth Looking At

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to their future outlook. In the case of Thorney Technologies Ltd (ASX:TEK), it is a company with great financial health as well as a a strong track record of performance. Below, I’ve touched on some key aspects you should know on a high level. For those interested in digger a bit deeper into my commentary, take a look at the report on Thorney Technologies here.

Flawless balance sheet with proven track record

Over the past year, TEK has grown its earnings by 74%, with its most recent figure exceeding its annual average over the past five years. Not only did TEK outperformed its past performance, its growth also surpassed the Oil and Gas industry expansion, which generated a 18% earnings growth. This is an optimistic signal for the future. TEK’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This indicates that TEK has sufficient cash flows and proper cash management in place, which is a crucial insight into the health of the company. Looking at TEK’s capital structure, the company has no debt on its balance sheet. It has only utilized funding from its equity capital to run the business, which is typically normal for a small-cap company. Investors’ risk associated with debt is virtually non-existent and the company has plenty of headroom to grow debt in the future, should the need arise.

ASX:TEK Income Statement Export October 16th 18
ASX:TEK Income Statement Export October 16th 18

Next Steps:

For Thorney Technologies, I’ve compiled three key factors you should look at:

  1. Future Outlook: What are well-informed industry analysts predicting for TEK’s future growth? Take a look at our free research report of analyst consensus for TEK’s outlook.

  2. Valuation: What is TEK worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether TEK is currently mispriced by the market.

  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TEK? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.