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
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(17.8)(14)(20.9)
Relative *(16.5)(15.9)(36.9)

* % Relative to local index

Other companies in sector Show

1Spatial 7digital
Acal accesso Technology Group
ADVA Optical Networking Advanced Computer Software Group
Advanced Micro Devices AIXTRON
Algomizer All for One Steeb AG
Allocate Software Allot Communications
Alpha and Omega Semiconductor Alphapoint Technology Inc
Amazon Amino Technologies
ANADIGICS Arria NLG
Artec technologies AsiaCell
AT&S Austria Technologie & Systemtechnik Beta Systems
Blancco Technology Group blinkx
blur Group Brady
Bulletproof Group Carclo
Catapult Group International CENIT
Cerillion provides billing, charging and customer management software, primarily to telecommunicatio CityFibre Infrastructure Holdings
Cliq Digital CML Microsystems
CoAssets Comptel
Craneware CREALOGIX
Cypress Semiconductor DATAGROUP
DDD Group Dillistone Group
dotDigital DSP Group
e2v technologies Eagle Eye
Eckoh Elmos Semiconductor
EMIS EMIS Group
Emulex Endace
EnWave Corporation eServGlobal
Esker Evolving Systems
EVR Holdings PLC Expert System
Facebook Featurespace
FFastFill FinLab AG
Fintech Group First Derivatives
First Sensor Focus Solutions Group
Foresight Autonomous Holdings FreeAgent
Freelancer Fusionex International
Gamma Communications GB Group
GBST Holdings GeoOp
GFT Globo
GO internet Himax Technologies
Hrvatski Telekom ifa systems
ikeGPS Group Infinera
Inmarsat Innovation Group
InVision IQE
IS Solutions ISRA VISION
IXYS Jenoptik
K3 Business Technology Kainos
Kalibrate Technologies Keywords Studios
Learning Technologies Group LRAD Corporation
Magix Manpower Software
Manx Telecom Manz
Maxima Holdings Medicsight
Mensch und Maschine Mercia Technologies
Micro Focus International Micron Technology
Migme Mobile ecosystems
Monitise Montage Technology
Morse mVISE
My Net Fone Nano Dimension
nearmap Nemetschek
Netcall NetDimensions
Netflix Nexus Management
O2Micro International OMG
OmniVision Technologies Orion Health Group
Outsourcery Panorama Synergy
Pantaleon Entertainment Patsystems
Paysafe Pebble Beach Systems Group
Pericom Semiconductor Phitek
Piteco PLX Technology
Pointer Telocation Pricer
Prodware PSI
Pure Wafer QSC
Real Estate Investar Group REALTECH
Redflex Holdings Redstone
Reed Elsevier Reply SpA
Results.com Rex Bionics
Rheinmetall RM
S&T SCISYS
Secunet Seeing Machines
Sepura Serko
Seven Principles Siemens
Sigma Designs Silicom
Silicon Image SimiGon
SinnerSchrader SITO Mobile
SLI Systems Smartpay Holdings
SNP Schneider-Neureither & Partner Software AG
Solera Spansion
Spirent Communications SQS Software Quality Systems AG
Stadium Group StatPro Group
Store Electronic Systems Straker Translations
SuperCom Synchronica
Taptica Technology sector
TerraNet Texas Instruments
The Marketing Group Thin Film Electronics
Thoughtonomy Tikit Group
Toumaz Track Group
TXT e-solutions TZ Limited
Ubisense Group UMT United Mobility Technology
United Power Technology VASCO Data Security
Vectron Systems Virtual Piggy
Vista Group International Vitec
Vizrt VMob Group
WANdisco Webinar
Wincor Nixdorf WorkPlace Systems International
Xploite Xplore Technologies Corp
YuuZoo

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