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Nanoco Group (LSE: NANO)

Last close As at 13/05/2024

GBP0.18

▲ −0.05 (−0.28%)

Market capitalisation

GBP37m

Nanoco Group is a global leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, with c 375 patents. Focus applications are advanced electronics, displays, bio-imaging and horticulture.

Management has said that an order for around 100m sensor units could generate c £20m in revenue, which would equate to deployment across a high-volume handset range, especially if multiple sensors are included in the device. By way of context, Yole Research estimates the CMOS image sensor market is worth $21.2bn, growing to $30bn by 2030, with applications across almost any market involving image capture mobile devices, automotive, industrial, surveying, security and agriculture.

Latest Insights

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TMT | Flash note

Nanoco — Mechanisms for shareholder returns confirmed

TMT | Flash note

Nanoco — Steps on the pathway to volume production

TMT | Flash note

Nanoco — Another major milestone delivered

TMT | Flash note

Nanoco Group — First commercial order fulfilled – major milestone
Nanoco Group_resized
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Sector

TMT

Equity Analyst

Dan Ridsdale

Head of Technology

Key Management

  • Brian Tenner

    CEO

  • Liam Gray

    CFO

Balance Sheet

Forecast net cash (£m)

25.8

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (23.7) (14.2) (3.0)
Relative (27.4) (23.0) (10.4)
52 week high/low 23.4p/15.6p

Financials

With the successful Samsung litigation now in the rear-view mirror, Nanoco’s focus will now be fully on building the business as a developer, manufacturer and licensor of nanomaterials. With world class expertise in quantum dots, validated IP and high volume manufacturing facilities backed up by a strong balance sheet, we believe that the business has a robust platform for growth. The company’s partnerships with STMicro and an Asian Chemicals supplier position Nanoco strongly to participate in the anticipated adoption of infrared sensors in handsets and other mass consumer devices, which if all goes to plan could drive an inflection in revenues from late FY25.

Y/E Jul Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2022A 2.5 (2.1) (4.6) (1.32) N/A N/A
2023A 5.6 (0.4) (3.6) (0.66) N/A N/A
2024E 8.6 1.3 (0.4) (0.13) N/A 44.5
2025E N/A N/A N/A N/A N/A N/A

Research

Flash note

TMT

Nanoco — Steps on the pathway to volume production
Nanoco Group_resized

Flash note

TMT

Nanoco — Another major milestone delivered
Nanoco Group_resized

TMT

Flash note

Nanoco — Mechanisms for shareholder returns confirmed

Nanoco Group_resized
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Thematics

thematic

TMT

MediaWatch – Rinse and repeat

thematic

Consumer

Deutsches Eigenkapitalforum (EKF) 2023 consumer and media

thematic

TMT

Deutsches Eigenkapitalforum (EKF) 2023 technology

thematic

TMT

MediaWatch – Still waiting…
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