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 | (8.6) | (6.1) | 9.3 |
Relative | (10.2) | (11.7) | 6.8 |
52 week high/low | 23.4p/15.6p |
Nanoco’s interim results mark a new chapter in the company’s development. With the tender offer and buyback returning £33m of settlement proceeds closing on 11 April, the focus will now be fully on building the business as a developer, manufacturer and licensor of nanomaterials. Significant milestones have been achieved in H1 with the first commercial order fulfilled and joint development agreements signed with STMicro and a chemical supplier into the electronics supply chain. Earlier-stage work with other potential partners is ongoing.
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 | 49.9 |
2025E | N/A | N/A | N/A | N/A | N/A | N/A |