Nanoco Group (NANO1)

Business description

Nanoco Group is the leading commercial supplier of cadmium-free quantum dots (CFQD) and IP. The near-term focus is on the display market, where CFQDs are used to enhance picture quality.

Stock data

Market cap.£65.5m
Last close27.50p
High / Low (52 weeks)50.0p / 22.5p
Stock market listingLN
Forecast net cash (£m)5.7
Forecast gearing ratio (%)N/A

Price performance

Relative *(9.78)(30.06)(49.16)

* % Relative to local index

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Company news

Is Nanoco Group plc a falling knife to catch after dropping 20% today?

Tue, 04 Apr 2017 11:26:15 GMT

Is Nanoco Group plc a falling knife to catch after dropping 40% this year?

Thu, 05 Oct 2017 10:52:30 GMT

Nanoco Group Plc's new Dow deal opens opportunity, but also uncertainty

Thu, 31 Mar 2016 12:07:52 GMT

Nanoco Focuses On Cost Management Amid Slow Cadmium-Free Market

Fri, 25 Aug 2017 08:26:15 GMT

Picture is bright for quantum dots specialist Nanoco

Tue, 11 Oct 2016 06:58:44 GMT

Investment summary

Nanoco’s planned raise of £8.6m (subject to approval) should remove a major constraint on the company’s ability to execute its strategy. The balance sheet strength should support customer negotiations at both the developmental level and as it moves towards volume shipments. The ability to attract and retain good staff and the ability to monetise and protect its IP both in display and beyond should also benefit, albeit at the expense of 20% dilution.

Last updated on 06/10/2017

Y/E Jul Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A 2.0 (8.1) (9.3) (4.2) N/A N/A
2016A 0.5 (11.2) (12.3) (5.2) N/A N/A
2017E 1.6 (8.7) (9.8) (4.1) N/A N/A
2018E 4.5 (6.2) (7.1) (3.0) N/A N/A

Last updated on 21/09/2017

Latest research

Removal of elephant in the room

Flash note | Technology | 06/10/2017

Joining the dots

Flash note | Technology | 21/09/2017

Further progress, but adoption slow

Update | Technology | 25/08/2017

Cadmium to be prohibited from October 2019

Flash note | Technology | 09/08/2017

First commercial orders

Update | Technology | 30/06/2017

Next generation display collaboration

Flash note | Technology | 22/05/2017

Quantum leap

Initiation | Technology | 11/05/2017

Latest video

Executive Interview - Nanoco Group

Industry outlook

Market analysts are forecasting strong uptake of QD TVs and cadmium-free is expected to dominate volumes. Market analysts’ forecasts for QD adoption in display vary, but at the mid-point, QD TV shipments are forecast to grow from c 5m in 2017 to nearly 50m by 2020, which we estimate equates to a market opportunity for QD materials of $550m by 2020.

Last updated on 03/10/2017

Key management

Michael Edelman, CEO
David J. Blain , CFO

Company address

46 Grafton Street
M13 9NT
United Kingdom
44 16 1603 7900
View website