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.£101.9m
Last close35.65p
High / Low (52 weeks)44.4p / 22.5p
Stock market listingLN
Forecast net cash (£m)7.4
Forecast gearing ratio (%)N/A

Price performance

Relative *(15.8)46.6(9.2)

* % Relative to local index

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Company news

INTERVIEW: Nanoco Group Excited for the future

Mon, 19 Mar 2018 07:18:45 GMT

Is Nanoco Group plc a small-cap growth stock to buy after soaring 50% today?

Thu, 08 Feb 2018 14:48:45 GMT

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

Thu, 31 Mar 2016 12:07:52 GMT

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

Thu, 05 Oct 2017 10:52:30 GMT

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

Tue, 04 Apr 2017 11:26:15 GMT

Investment summary

Nanoco’s material development and supply agreement with a major US corporation provides firm support to our near-term estimates and the company’s balance sheet. The partner’s funding of a major expansion to Nanoco’s Runcorn manufacturing facility also improves the probability of a sharp inflection in revenues in FY19 and FY20 while providing welcome diversification to the company’s medium-term opportunity pipeline. Execution risk remains, but we believe that Nanoco’s prospects are looking meaningfully stronger.

Last updated on 02/03/2018

Y/E Jul Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2016A 0.5 (11.2) (12.3) (5.20) N/A N/A
2017A 1.3 (9.4) (10.6) (4.46) N/A N/A
2018E 4.7 (5.5) (6.4) (2.29) N/A N/A
2019E N/A N/A N/A N/A N/A N/A

Last updated on 21/02/2018

Latest research

Rabbit pulled out of the hat

Update | Technology | 08/02/2018

Moving forward step by step

Update | Technology | 20/11/2017

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

We still believe that the opportunity in display is significant – market analyst IHS forecasts that the market for QD displays will reach c 26m units in 2021, up from an estimated 8.5m in 2017, with cadmium-free dominating. However, the protracted commercialisation cycle in display has, to an extent, enabled other applications to catch up – as demonstrated by February's partnership. Progress in medical imaging is also becoming more tangible.

Last updated on 02/03/2018

Key management

Michael Edelman, CEO
David J. Blain , CFO

Company address

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