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.£76.8m
Last close32.25p
High / Low (52 weeks)75.2p / 30.2p
Stock market listingLN
Forecast net cash (£m)6.5
Forecast gearing ratio (%)N/A

Price performance

Relative *(16.5)(15.9)(36.9)

* % 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

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 10:05:31 GMT

Can Communisis plc and Nanoco Group plc keep shooting higher?

Thu, 15 Dec 2016 17:03:45 GMT

Investment summary

We believe that factors are finally aligning to support adoption of Nanoco’s quantum dots in the 250m+ unit per year TV and computer display markets. With a large addressable market and an operationally geared model, it does not take aggressive assumptions for earnings to scale and the rating to look very inexpensive. We believe a substantial re-rating upwards would be justified as support for our estimates builds.

Last updated on 01/06/2017

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 0.3 107.5 N/A

Last updated on 24/05/2017

Latest research

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

Following a long gestation period, Nanoco is on the cusp of commercialisation. 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 01/06/2017

Key management

Michael Edelman, CEO
David J. Blain , CFO

Company address

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