Nanoco

Nanoco Group

LN: NANO

Market Cap£110m

Last Close 34p

Nanoco Group is a global leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, with c 560 patents. Focus applications are advanced electronics, displays, bio-imaging and horticulture.

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Investment summary

Nanoco has signed an agreement for a fifth work package from its major European customer. This covers the final phase of a scale-up of a longer wavelength material and development of a third material. It has also completed a placing and subscription raising £2.0m (net) at 37p/share, which extends the cash runway into CY24, and announced a broker option at 37p/share potentially raising up to an additional £3.7m.

Y/E Jul
Revenue (£m)
EBITDA (£m)
PBT (£m)
EPS (fd) (p)
P/E (x)
P/CF (x)
2020A 3.9 (2.9) (4.9) (1.39) N/A N/A
2021A 2.1 (2.9) (4.7) (1.30) N/A N/A
2022E 2.4 (2.6) (4.4) (1.24) N/A N/A
2023E 2.4 (2.7) (3.7) (1.00) N/A N/A
Industry outlook

The potential value of a settlement or damages award should be supported by the strong commercial success of Samsung’s quantum dot televisions and the recent launch of a second-generation device. Market analyst Omdia estimates that cumulative sales of Samsung’s quantum dot televisions was 26m in the five years to 2021, 9.42m in 2021.

Last updated on 01/07/2022
Content on Nanoco Group
Nanoco Group – Samsung versus Nanoco: Round 1 to Nanoco
TMT | research Flash note | 17 May 2022
Nanoco
Nanoco – executive interview
TMT | Edison TV | 4 May 2022
View more
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Share price graph
Balance sheet
Forecast net cash (£m) 0.3
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (11.7) 23.0 75.0
Relative* (6.7) 31.1 80.5
52-week high/low 46.0p/17.1p
*% relative to local index
Key management
Brian Tenner CEO
Liam Gray CFO