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.£78.6m
Last close33.00p
High / Low (52 weeks)73.0p / 30.2p
Stock market listingLN
Forecast net cash (£m)6.5
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(15.9)(9)(52)
Relative *(16.8)(8.1)(55.9)

* % 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

Quantum dot maker Nanoco welcomes European cadmium ban

Wed, 09 Aug 2017 06:56:15 GMT

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

Thu, 31 Mar 2016 12:07:52 GMT

Picture is bright for quantum dots specialist Nanoco

Tue, 11 Oct 2016 06:58:44 GMT

As Nanoco Group PLC Plunges, Is It Time To Cut And Run?

Tue, 06 Jan 2015 09:56:15 GMT

Investment summary

Proposed amendments (subject to ratification) to the Restriction of Hazardous Substances Directive (RoHS) by the European Commission recommend a two-year more restrictive extension to the exemption of cadmium in quantum dot displays, subsequent to which the use of any cadmium in electronic devices sold within the EU will be banned. The use of cadmium in lighting products will be prohibited with immediate effect. The judgement has little impact on our investment thesis, as we believe that commercial factors for cadmium-free adoption are already strong.

Last updated on 09/08/2017

Y/E Jul Revenue (£m) EBITDA (£m) PBT (£m) EPS (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 (9.1) (10.2) (4.3) N/A N/A
2018E 16.3 1.7 0.8 0.3 110.0 N/A

Last updated on 25/07/2017

Latest research

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 03/08/2017

Key management

Michael Edelman, CEO
David J. Blain , CFO

Company address

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