Applied Graphene Materials

LN: AGM

£10.4m market cap

21p last close

AGM develops graphene dispersions that customers use to enhance the properties of coatings, composites and functional materials. It also manufactures high purity graphene nanoplatelets using a proprietary process based on sustainable, readily available raw materials instead of graphite.

Investment summary

In October 2019 Applied Graphene (AGM) announced it was re-aligning resources around dispersion and application technology to better support product development with customers presenting the nearest-term revenue opportunities. This focus supported six customer launches of coating products containing AGM’s graphene dispersion during CY19. The launches are for both mass-market and specialist applications.

Y/E Jul
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (p)
P/E (x)
P/CF (x)
2018A 0.2 (4.0) (4.2) (7.5) N/A N/A
2019A 0.1 (4.6) (4.8) (7.9) N/A N/A
2020E N/A N/A N/A N/A N/A N/A
2021E N/A N/A N/A N/A N/A N/A
Industry outlook

In June AGM announced an exclusive distribution agreement with Dichem Polymers. This helps extend AGM’s commercial reach directly into the coatings and polymers sectors across Greece. In addition to its own commercial activity in the UK and the US, AGM now has distribution agreements with local expert chemicals and coatings distributors in Greece, Italy, Japan and South Africa.

Last updated on 03/08/2020
Sector
TMT
Share price graph
Price performance
%
1m
3m
12m
Actual 16.7 121.1 (28.8)
Relative* 18.9 110.5 (14.2)
52-week high/low 26.5p/8.5p
*% relative to local index
Key management
Adrian Potts CEO
David Blain CFO
Oliver Lightowlers Group Finance Director