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.
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Brian Tenner
CEO
Liam Gray
CFO
Forecast net cash (£m)
25.8
Forecast gearing ratio (%)
N/A
% | 1M | 3M | 12M |
---|---|---|---|
Actual | (14.3) | (10.2) | 1.2 |
Relative | (16.6) | (16.0) | (3.6) |
52 week high/low | 23.4p/15.6p |
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 | 47.0 |
2025E | N/A | N/A | N/A | N/A | N/A | N/A |