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“I think SEE is still the market leader in auto DMS and I hope this will become increasingly apparent over the next 6 months — although I don’t believe Seeing Machines is keen to reveal its market share. Smart Eye, despite being much better on the PR front, doesn’t have the market penetration and as comprehensive an offering as Seeing Machines. I maintain my original view, (which has never wavered), that SEE will capture 75% of the auto market: https://www.safestocks.co.uk/2018/05/16/seeing-machines-set-to-win-75-of-global-dms-market/
In any case, I’d wouldn’t trust the short term valuation of Mr Market, as he is very fickle. You should do your own research.
Where we can perhaps agree is that SEE is likely to be taken out long before its market share is an established fact.”
Agreed Seeing-2020.
The data the company is still rapidly accumulating seemingly has no equal. Where else are you going to find cameras pointed in peoples faces for hours on end, enabling the analysis of each and every expression, glance, emotion, etc.
It is highly likely that companies outside of the transport sector are interested in SEE’s AI. It is inconceivable to think that SEE’s AI is limited to the transport sector only.
Do us proud PM!
I recently posted, what I consider, modest figures reflecting where I think the company will be in 2025. These figures were based around my interpretation of what we know now. However, it’s what’s going on now that we don’t know about which could truly change everything.
Eye-tracking is the next technological revolution, no one will afford to be left behind, in any market... which is good for us!
For SEE to have only just started consistently describing themselves as a HMI company, just shows how well their partnership with Qualcomm is blossoming. Colin did call it at the start of the year... he’s a clever chap but he is also well connected.
https://mobile.twitter.com/semicast_res/status/1215566885372268544
TLS, with what the company has been working on over the last few years, I’m sure you will realise the additional digit soon. As we know, SEE have ‘officially’ released a very small amount of news regarding their progress.
PM is conservatively comfortable with 30% of auto so, shall we say, as an example, this is realised by 2025.
Auto 30,000,000 x A$12 = A$360m
Fleet A$75m
Aviation A$30m (you never know, might happen)
Costs -A$100m
Total 2025 Pre-Tax A$365m
A$ to £ Conversion £202m
SP at PE Ratio of 40 = 192p (I’ve assumed 20% corporation tax)
Working: 40x((202,000/10x8)/3,370,000)
Worth waiting for in its own right but just imagine if PM’s “conservative” 30% was considerably higher and/or another leg of the stool suddenly appeared...
From my research, which has shaped my opinion, the company is on the verge of glory. Therefore, I consider it exceedingly unlikely that SEE is going to need to raise funds anytime soon and, even if they did, the figure would be paltry and not required for at least another 18 months.
I would consider their new enthusiastic approach to promoting the company’s virtues as a way of fulfilling every SEE shareholders desire, and that is for the SP to rise.
If Denso relies on Toyota for half of its revenue, where does the other half come from?
“The company, which counts on Toyota for nearly half of its revenue...”
https://www.reuters.com/article/us-denso-results-idUSKBN22C0CK
Could be compared to the rush by OEMs and Tier 1s over the last 4 years to develop safe semi-autonomous systems, of which SEE appear to be in most. Right place, right product, right time.
To our knowledge, it seems unlikely that any of SEE’s competitors are in a position to capitalise on this ‘pillar’. Therefore, can we assume that, because of an overwhelming desire not to fall behind, the majority of these vendors will find themselves in licensing agreements with SEE?
Amazing article! PM has ‘liked’ on LinkedIn.
https://www.linkedin.com/posts/activity-6715376251529400320-gMkP
TLS, what are your thoughts on the HUD for the 2021 Taycan (I believe the link has been posted before). The “directly into the driver’s field of vision” part suggests a similar story to the ID4.
“A color head-up display is now available. This projects relevant information directly into the driver’s field of vision. The display has been divided into the main display section, status section and a section to show temporary content, such as calls or voice control commands. A navigation display, power meter and a user-defined view can also be selected as pre-sets.”
https://electrek.co/2020/08/19/porsche-taycan-2021-electric-car-updates/