NanoXplore (TSX:GRA) - Share price, News & Analysis

GRA fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

GRA Stock Overview

NanoXplore Inc., a graphene company, manufactures and supplies graphene powder for use in industrial markets.

Rewards

Revenue is forecast to grow 32.32% per year

Risk Analysis

Earnings have declined by 28.3% per year over past 5 years

Shareholders have been diluted in the past year

NanoXplore Competitors

HydroGraph Clean Power

CNSX:HG

CA$22.1m

Talga Group

ASX:TLG

AU$404.1m

Zentek

TSXV:ZEN

CA$244.8m

Directa Plus

AIM:DCTA

UK£70.3m

Price History & Performance

Summary of all time highs, changes and price drops for NanoXplore
Historical stock prices
Current Share Price	CA$3.12
52 Week High	CA$9.03
52 Week Low	CA$2.35
Beta	1.18
1 Month Change	-21.21%
3 Month Change	-29.89%
1 Year Change	-7.42%
3 Year Change	151.61%
5 Year Change	n/a
Change since IPO	215.15%

Shareholder Returns

	GRA	CA Chemicals	CA Market
7D	11.8%	8.6%	2.8%
1Y	-7.4%	68.6%	5.9%

Return vs Industry: GRA underperformed the Canadian Chemicals industry which returned 63.6% over the past year.

Return vs Market: GRA underperformed the Canadian Market which returned 4.3% over the past year.

Price Volatility

Is GRA's price volatile compared to industry and market?
GRA volatility
GRA Average Weekly Movement	11.6%
Chemicals Industry Average Movement	11.5%
Market Average Movement	9.8%
10% most volatile stocks in CA Market	16.7%
10% least volatile stocks in CA Market	4.2%

Stable Share Price: GRA is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: GRA's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2011	n/a	Soroush Nazarpour	https://www.nanoxplore.ca

NanoXplore Inc., a graphene company, manufactures and supplies graphene powder for use in industrial markets. It offers graphene-based solutions, including GrapheneBlack powder and graphene-enhanced masterbatch pellets. The company also provides standard and custom graphene-enhanced plastic and composite products to customers in transportation, packaging, electronics, and other industrial sectors.

NanoXplore Fundamentals Summary

How do NanoXplore's earnings and revenue compare to its market cap?
GRA fundamental statistics
Market Cap	CA$467.50m
Earnings (TTM)	-CA$17.27m
Revenue (TTM)	CA$85.91m

6.0x

P/S Ratio

-29.8x

P/E Ratio

Is GRA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRA income statement (TTM)
Revenue	CA$85.91m
Cost of Revenue	CA$77.14m
Gross Profit	CA$8.76m
Other Expenses	CA$26.03m
Earnings	-CA$17.27m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

May 17, 2022

Earnings per share (EPS)	-0.10
Gross Margin	10.20%
Net Profit Margin	-20.10%
Debt/Equity Ratio	10.9%

How did GRA perform over the long term?

See historical performance and comparison

Valuation

Is NanoXplore undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

4.26x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: GRA (CA$3.12) is trading above our estimate of fair value (CA$0.81)

Significantly Below Fair Value: GRA is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: GRA is unprofitable, so we can't compare its PE Ratio to the Canadian Chemicals industry average.

PE vs Market: GRA is unprofitable, so we can't compare its PE Ratio to the Canadian market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GRA's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: GRA is overvalued based on its PB Ratio (4.3x) compared to the CA Chemicals industry average (2.8x).

Future Growth

How is NanoXplore forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

32.3%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GRA's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if GRA's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GRA's revenue (32.3% per year) is forecast to grow faster than the Canadian market (6.3% per year).

High Growth Revenue: GRA's revenue (32.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if GRA's Return on Equity is forecast to be high in 3 years time

Past Performance

How has NanoXplore performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-28.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GRA is currently unprofitable.

Growing Profit Margin: GRA is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: GRA is unprofitable, and losses have increased over the past 5 years at a rate of 28.3% per year.

Accelerating Growth: Unable to compare GRA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GRA is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (32.3%).

Return on Equity

High ROE: GRA has a negative Return on Equity (-14.28%), as it is currently unprofitable.

Financial Health

How is NanoXplore's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: GRA's short term assets (CA$92.3M) exceed its short term liabilities (CA$26.8M).

Long Term Liabilities: GRA's short term assets (CA$92.3M) exceed its long term liabilities (CA$21.8M).

Debt to Equity History and Analysis

Debt Level: GRA has more cash than its total debt.

Reducing Debt: GRA's debt to equity ratio has reduced from 134.9% to 10.9% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GRA has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GRA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Dividend

What is NanoXplore current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate GRA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GRA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GRA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GRA's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GRA has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Materials industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

6.5yrs

Average management tenure

CEO

Soroush Nazarpour (35 yo)

11.33yrs

Tenure

CA$693,962

Compensation

Dr. Soroush Nazarpour, B.Sc, M.Sc, Ph.D. founded Nanoxplore Inc. in 2011. Dr. Nazarpour has been the President and Chief Executive Officer of Nanoxplore Inc. since 2011. He is a published author of two boo...

CEO Compensation Analysis

Compensation vs Market: Soroush's total compensation ($USD540.41K) is below average for companies of similar size in the Canadian market ($USD987.80K).

Compensation vs Earnings: Soroush's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: GRA's management team is seasoned and experienced (6.5 years average tenure).

Board Members

Experienced Board: GRA's board of directors are considered experienced (4.8 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: GRA insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2022/03/31
Annual Earnings	2021/06/30