We would love to hear your thoughts about our site and services, please take our survey here.
I can understand the general frustration but, in my eyes, this is a 4 year investment culminating in 2024 with a buyout and a SP reaching north of £1, £2, £3?? Depends what licensing deals SEE announces in the interim.
Unsurprisingly, DMS and OMS mentioned quite a few times. I also like the bit about Qualcomm supplying Snapdragon to 20 OEMs for ****pit functionality. This partnership has the potential to be truly golden for SEE.
The cameras look very compact and discreet, ideal for eventual insertion into real aircraft. Aside from fatigue/distraction duties, it is highly likely these cameras will end up with a direct feed to ‘black boxes’ to ascertain what the pilots were looking at in the event of an accident (the importance of this element cannot be overlooked). Made my day Klick, thanks very much!
Not too much to go off in 2022 and 23 but I’ve got below so far.
2022 Production
Mercedes - GLC
Mercedes - EQA
BMW - X3
GM - ?
GM - ?
GM - ?
GM - ?
GM - ?
GM - ?
GM - ?
GM - ?
2023 Production
GM - Escalade EV
Mercedes - EQE
Honda - EV?
Honda - EV?
Hi Terry,
I try to keep on top of what’s entering production and when. From research I’ve got the below so far (maybe one or two are hopeful but the majority should be SEE).
2020 Production
Ford - F-150 - Oct/Nov
Ford - Mach-E - 26 Oct
Mercedes - S Class - Nov
GM - Escalade - Sep
2021 Production
FCA - Jeep Grand Wagoneer - Q2
FCA - Jeep Grand Cherokee
BMW - i4
BMW - iNext - July
RR - Ghost
Byton - M-Byte
Mercedes - EQS
Mercedes - SL
VW - ID3
Honda - Chinese EV
GM - Lyriq
GM - Bolt EUV
GM - GMC Hummer - Q3
GM - Hummer SUV - Q3
GM - Chevrolet Silverado
GM - Chevrolet 2 Row SUV
GM - GMC Sierra
GM - Buick Crossover
GM - Buick Crossover
GM - Cadillac Celestiq
GM - CT4
GM - CT5
Like Lewbo said about bogyo...
Reasons being:
1) SEE is very close to profitability - By my calculations, two good upfront payments will get the Company to profitability in 2021 (calendar);
2) To date, the CT6 is still the only officially announced car containing SEE tech on the roads. A whole string of new cars will hopefully be announced over the next 12 months.
Good evening Abjo,
Apologies, another question, it would be really interesting to hear from a SEYE investor what future car models you believe SEYE tech will be in?
Also, what market share do you think SEYE will have in a few years?
Don’t overlook what we know:
1 - PM is comfortable with a conservative 30% market share;
2 - An industry expert recently said that an industry report has SEE’s market share closer to 50%;
3 - The introduction of SEE’s OMS offers another way for the company to capture market share from its competitors.
Today has also offered up some useful information for analysis i.e. A$350m / A$1.5b = 0.233
A$350m / 23.3m Cars = A$15 per Car
Therefore, it seems as though SEE deems the forward looking average OMS payment per car to be circa A$15, which is similar to Cenkos’s average DMS payment per car of circa A$14.
So, say SEE achieves 40% of the automotive market and makes an average of A$14.5 per car:
40m x A$14.5 = A$580m
(A$580m - A$100m (example costs figure)) x 0.8 (20% tax) / 1.8 (approx A$ to £ conversion) = £257m (net profit from the automotive ‘leg’ on its own)
On a PE of 30, £257m gives a SP of 190p.
On a PE of 40, £257m gives a SP of 253p.
On a PE of 50, £257m gives a SP of 317p.
In my opinion, SEE will be fine. However, I can’t imagine the above figures will be reached for another 4 to 6 years... unless some more stool ‘legs’ appear (I live in hope).
Found this to put some context to our smartphone hopes.
“Apple also revealed the price it’s been paying for Qualcomm modems: $7.50 per device, says Williams. That’s apparently five times more than what Apple wanted to pay — just $1.50 per device.”
https://www.theverge.com/2019/1/14/18182441/apple-qualcomm-modem-iphone-xs-max-ftc-trial
With over 1.5 billion smartphones being sold annually, if SEE, by the grace of an almighty entity, managed to enter this space, then here is an example of what the numbers could look like:
150m (10% market share) x A$0.5 (example royalty payment per unit) = A$75m per year
https://www.statista.com/statistics/263437/global-smartphone-sales-to-end-users-since-2007/
And that’s just smartphones...
New for me was learning that Euro NCAP has asked OEMs to install DMS from 2022, in the run up to assessment for a 5 star rating in 2025.
What I also liked was Ross’s view that the introduction of DMS should be ‘expedited’ and, with similar phrasing to PM, that he is “bullish” on the technology.
The section on the sectors preparedness for loading DMS AI on to “Mobileye” and “Nvidia” processors was also very interesting and nicely relevant to SEE’s 3 automotive pillars.
In summary, it is clear that the industry is fully on board with the integration of DMS technology and that SEE is at the heart of it.
The timing of the Stifel conference last week is very telling and suggests that the exit from ‘stealth mode’ is getting very close. It will be interesting to see whether SEE comments on its market dominance in the FY21 outlook because our SP certainly has a lot of catching up to do and the push north has to start soon... surely!
Really useful data Whatif, and very positive looking as well. I’ve just crunched a few of your numbers and I’d say we’re on for 30,000 installed units by the end of H1 (as long as the installation trend continues on its current trajectory). Which is 6,585 more than the FY20 number of 23,415.
There is definitely a marked increase in the rate of installation but this might be down to pent up demand, created by the virus, rather than organic growth. On the flip side, the insurance benefits now on offer may be having the desired effect. Time will tell.