Applied Graphene Materials (AIM: AGM)

Currency in GBP

Last close As at 25/01/2023

GBP0.07

−0.95 (−11.52%)

Market capitalisation

GBP4m

Applied Graphene Materials develops graphene dispersions that are used by customers to enhance the properties of coatings, composites and functional materials. It also manufactures high-purity graphene nanoplatelets using readily available raw materials instead of graphite.

Given the funding position, management has initiated a strategic review of the options available for maximising value for shareholders and other stakeholders. Options include, but are not limited to, raising additional funding from a specialist debt provider or strategic investor or realising value from an accelerated sale of the group’s trade and assets or the shares in AGM’s main operating subsidiary.

Sector

TMT

Equity Analyst

Anne Crow

Anne Margaret Crow

Director, TMT & Industrials

Key Management

  • Adrian Potts

    CEO

  • David Blain

    CFO

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 42.5 (55.7) (73.0)
Relative 33.1 (61.0) (73.1)
52 week high/low 26.7p/3.4p

Financials

Applied Graphene Materials (AGM) has spent recent weeks investigating the feasibility of an equity raise with institutional and other investors. Management has concluded that, given current financial market conditions, it will not be able to complete an equity raise at present. Although management is pleased with the start that AGM has made to its new financial year, the company requires additional funding to extend its cash runway beyond January 2023, which, as previously disclosed, is when management expects that the existing financial resources will be fully depleted.

Y/E Jul Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2020A 0.1 (3.1) (3.5) (6.1) N/A N/A
2021A 0.1 (3.2) (3.6) (5.6) N/A N/A
2022E N/A N/A N/A N/A N/A N/A
2023E N/A N/A N/A N/A N/A N/A

Thematics

Consumer

IPO apocalypse

TMT

ESG, moving beyond the box tick

TMT

Direct tech investors

Consumer

Circular economy business models

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