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Nanoco Group

LSE:NANO
Snowflake Description

Exceptional growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NANO
LSE
£156M
Market Cap
  1. Home
  2. GB
  3. Semiconductors
Company description

Nanoco Group plc, together with its subsidiaries, engages in the research, development, manufacture, and licensing of cadmium and heavy-metal-free quantum dots (CFQD), and semiconductor nanomaterials for use in various commercial applications. The last earnings update was 101 days ago. More info.


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  • Nanoco Group has significant price volatility in the past 3 months.
NANO Share Price and Events
7 Day Returns
6.7%
LSE:NANO
6.8%
GB Semiconductor
0.1%
GB Market
1 Year Returns
44.7%
LSE:NANO
-29.9%
GB Semiconductor
-3.1%
GB Market
NANO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nanoco Group (NANO) 6.7% 25.3% 32.7% 44.7% 37.7% -54.9%
GB Semiconductor 6.8% 7.3% 14.3% -29.9% 83.7% -2.2%
GB Market 0.1% 3.2% 2.8% -3.1% 18.7% -1.9%
1 Year Return vs Industry and Market
  • NANO outperformed the Semiconductor industry which returned -29.9% over the past year.
  • NANO outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -3.1% over the past year.
Price Volatility
NANO
Industry
5yr Volatility vs Market

NANO Value

 Is Nanoco Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nanoco Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nanoco Group.

LSE:NANO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:NANO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.8%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.604 (1 + (1- 19%) (0.26%))
0.605
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 8.77%)
8.25%

Discounted Cash Flow Calculation for LSE:NANO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nanoco Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:NANO DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (GBP, Millions) -7.80 -8.00 -3.10 5.70 4.87
Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Est @ -14.56%
Present Value
Discounted (@ 8.25%)
-7.21 -6.83 -2.44 4.15 3.28
Present value of next 5 years cash flows £-9.05
LSE:NANO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= £4.87 × (1 + 1.23%) ÷ (8.25% – 1.23%)
£70.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= £70.24 ÷ (1 + 8.25%)5
£47.26
LSE:NANO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= £-9.05 + £47.26
£38.22
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £38.22 / 285.93
£0.13
LSE:NANO Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.13
Current discount Discount to share price of £0.54
= -1 x (£0.54 - £0.13) / £0.13
-307%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Nanoco Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nanoco Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nanoco Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:NANO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-07-31) in GBP £-0.02
LSE:NANO Share Price ** LSE (2019-02-22) in GBP £0.54
Europe Semiconductor Industry PE Ratio Median Figure of 30 Publicly-Listed Semiconductor Companies 16.39x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 815 Publicly-Listed Companies 16.12x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nanoco Group.

LSE:NANO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:NANO Share Price ÷ EPS (both in GBP)

= 0.54 ÷ -0.02

-24.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nanoco Group is loss making, we can't compare its value to the Europe Semiconductor industry average.
  • Nanoco Group is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Nanoco Group's expected growth come at a high price?
Raw Data
LSE:NANO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -24.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
78.1%per year
Europe Semiconductor Industry PEG Ratio Median Figure of 23 Publicly-Listed Semiconductor Companies 1.19x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 576 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Nanoco Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nanoco Group's assets?
Raw Data
LSE:NANO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-07-31) in GBP £0.04
LSE:NANO Share Price * LSE (2019-02-22) in GBP £0.54
United Kingdom of Great Britain and Northern Ireland Semiconductor Industry PB Ratio Median Figure of 7 Publicly-Listed Semiconductor Companies 1.17x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,361 Publicly-Listed Companies 1.53x
LSE:NANO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:NANO Share Price ÷ Book Value per Share (both in GBP)

= 0.54 ÷ 0.04

12.31x

* Primary Listing of Nanoco Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nanoco Group is overvalued based on assets compared to the GB Semiconductor industry average.
X
Value checks
We assess Nanoco Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Nanoco Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NANO Future Performance

 How is Nanoco Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
78.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nanoco Group expected to grow at an attractive rate?
  • Nanoco Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Nanoco Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Nanoco Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:NANO Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:NANO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 78.1%
LSE:NANO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 56.8%
United Kingdom of Great Britain and Northern Ireland Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 47.9%
United Kingdom of Great Britain and Northern Ireland Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 24.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:NANO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:NANO Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-07-31 56 14 16 2
2021-07-31 23 4 7 2
2020-07-31 12 -5 -2 4
2019-07-31 7 -1 -4 4
LSE:NANO Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-07-31 3 -0 -6
2018-04-30 2 -3 -7
2018-01-31 1 -6 -8
2017-10-31 1 -7 -8
2017-07-31 1 -8 -9
2017-04-30 1 -8 -10
2017-01-31 1 -9 -11
2016-10-31 1 -9 -11
2016-07-31 0 -9 -11
2016-04-30 1 -9 -11
2016-01-31 1 -10 -11
2015-10-31 1 -9 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nanoco Group's earnings are expected to grow significantly at over 20% yearly.
  • Nanoco Group's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:NANO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Nanoco Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:NANO Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-07-31 0.04 0.04 0.04 1.00
2021-07-31 0.01 0.01 0.01 1.00
2020-07-31 -0.01 -0.00 -0.02 2.00
2019-07-31 -0.02 -0.02 -0.02 1.00
LSE:NANO Past Financials Data
Date (Data in GBP Millions) EPS *
2018-07-31 -0.02
2018-04-30 -0.03
2018-01-31 -0.03
2017-10-31 -0.03
2017-07-31 -0.04
2017-04-30 -0.04
2017-01-31 -0.05
2016-10-31 -0.05
2016-07-31 -0.04
2016-04-30 -0.05
2016-01-31 -0.05
2015-10-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nanoco Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Nanoco Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nanoco Group has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NANO Past Performance

  How has Nanoco Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nanoco Group's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nanoco Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Nanoco Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nanoco Group's 1-year growth to the Europe Semiconductor industry average as it is not currently profitable.
Earnings and Revenue History
Nanoco Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nanoco Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:NANO Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-07-31 3.32 -6.01 6.47 3.96
2018-04-30 2.08 -6.95 5.99 4.24
2018-01-31 0.85 -7.89 5.50 4.52
2017-10-31 1.09 -8.50 6.11 5.02
2017-07-31 1.33 -9.11 6.71 5.51
2017-04-30 1.17 -9.95 7.42 5.66
2017-01-31 1.01 -10.80 8.13 5.81
2016-10-31 0.74 -10.70 7.75 5.90
2016-07-31 0.47 -10.61 7.37 6.00
2016-04-30 0.52 -10.84 7.10 5.96
2016-01-31 0.56 -11.07 6.83 5.92
2015-10-31 1.30 -10.02 6.52 5.75
2015-07-31 2.03 -8.98 6.20 5.58
2015-04-30 2.20 -7.80 4.86 6.61
2015-01-31 2.37 -6.62 3.51 7.64
2014-10-31 1.90 -7.21 4.49 6.28
2014-07-31 1.43 -7.81 5.46 4.92
2014-04-30 1.75 -7.54 7.23 2.46
2014-01-31 2.07 -7.26 8.99
2013-10-31 3.00 -5.69 8.40
2013-07-31 3.93 -4.12 7.81
2013-04-30 4.05 -3.47 7.30
2013-01-31 4.17 -2.82 6.80
2012-10-31 3.56 -3.23 6.56
2012-07-31 2.95 -3.64 6.32
2012-04-30 2.89 -3.39 6.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Nanoco Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Nanoco Group has efficiently used its assets last year compared to the Europe Semiconductor industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Nanoco Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Nanoco Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nanoco Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NANO Health

 How is Nanoco Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nanoco Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nanoco Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nanoco Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nanoco Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 33.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nanoco Group Company Filings, last reported 6 months ago.

LSE:NANO Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-07-31 12.64 0.41 10.73
2018-04-30 12.64 0.41 10.73
2018-01-31 14.32 0.00 8.74
2017-10-31 14.32 0.00 8.74
2017-07-31 10.45 0.00 5.71
2017-04-30 10.45 0.00 5.71
2017-01-31 14.12 0.00 8.33
2016-10-31 14.12 0.00 8.33
2016-07-31 18.76 0.03 14.51
2016-04-30 18.76 0.03 14.51
2016-01-31 23.98 0.06 18.27
2015-10-31 23.98 0.06 18.27
2015-07-31 29.10 0.10 24.31
2015-04-30 29.10 0.10 24.31
2015-01-31 14.76 0.13 9.35
2014-10-31 14.76 0.13 9.35
2014-07-31 16.89 0.16 12.18
2014-04-30 16.89 0.16 12.18
2014-01-31 20.10 0.19 14.48
2013-10-31 20.10 0.19 14.48
2013-07-31 14.39 0.22 9.94
2013-04-30 14.39 0.22 9.94
2013-01-31 16.34 0.25 12.53
2012-10-31 16.34 0.25 12.53
2012-07-31 16.93 0.29 15.47
2012-04-30 16.93 0.29 15.47
  • Nanoco Group's level of debt (3.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.5% vs 3.2% today).
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.

  • Nanoco Group has sufficient cash runway for more than 3 years based on current free cash flow.
  • Nanoco Group has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -18.2% each year.
X
Financial health checks
We assess Nanoco Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nanoco Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NANO Dividends

 What is Nanoco Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Nanoco Group dividends. Estimated to be 0% next year.
If you bought £2,000 of Nanoco Group shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Nanoco Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nanoco Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:NANO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 1.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 708 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:NANO Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-07-31
2021-07-31
2020-07-31 0.00 2.00
2019-07-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Nanoco Group has not reported any payouts.
  • Unable to verify if Nanoco Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nanoco Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nanoco Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Nanoco Group's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess Nanoco Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nanoco Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nanoco Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NANO Management

 What is the CEO of Nanoco Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Edelman
COMPENSATION £312,000
CEO Bio

Dr. Michael A. Edelman serves as the Chief Executive Officer of Nanoco Group Plc. Dr. Edelman joined Nanoco in 2004, led the initial fund-raising and spun Nanoco out of the University of Manchester. He served as responsible for licensing the technology developed by GE/Bayer joint venture, Exatec LLP. He served as Vice President and Managing Director of yet2.com. He has been an Executive Director of Nanoco Group Plc since April 30, 2009. He served as board director for Colloids Ltd. Dr. Edelman started his career with ICI. He has a Ph.D. in organo-metallic chemistry from the University of Sussex, UK and undergraduate degree in classics and chemistry from Tufts University, Boston, MA, USA.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year.
  • Michael's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Nanoco Group management team in years:

0.5
Average Tenure
  • The average tenure for the Nanoco Group management team is less than 2 years, this suggests a new team.
Management Team

Michael Edelman

TITLE
CEO & Executive Director
COMPENSATION
£312K

Nigel Pickett

TITLE
Co-Founder
COMPENSATION
£182K

David Blain

TITLE
Executive Officer & Director
COMPENSATION
£190K
AGE
56
TENURE
0.5 yrs

Paul O'Brien

TITLE
Founder and Scientific Advisor

Brian Tenner

TITLE
COO, CFO
AGE
49
TENURE
0.5 yrs

Caroline Watson

TITLE
Investor Relations Manager

David Yao

TITLE
Senior Vice President of Global Sales
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the Nanoco Group board of directors in years:

2.8
Average Tenure
56
Average Age
  • The average tenure for the Nanoco Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chris Richards

TITLE
Non-Executive Chairman
COMPENSATION
£75K
AGE
64
TENURE
2.8 yrs

Michael Edelman

TITLE
CEO & Executive Director
COMPENSATION
£312K
TENURE
9.8 yrs

Nigel Pickett

TITLE
Co-Founder
COMPENSATION
£182K
TENURE
9.8 yrs

David Blain

TITLE
Executive Officer & Director
COMPENSATION
£190K
AGE
56
TENURE
3.5 yrs

Brian Tenner

TITLE
COO, CFO
AGE
49
TENURE
0.5 yrs

Brendan Cummins

TITLE
Non-Executive Senior Independent Director
COMPENSATION
£35K
AGE
67
TENURE
2.6 yrs

Ali Fielding

TITLE
Non-Executive Director
COMPENSATION
£35K
AGE
53
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
15. Nov 18 Buy Alison Fielding Individual 14. Nov 18 14. Nov 18 47,759 £0.42 £20,001
17. Oct 18 Buy Alison Fielding Individual 17. Oct 18 17. Oct 18 43,566 £0.34 £14,987
16. Oct 18 Buy Brian Tenner Individual 16. Oct 18 16. Oct 18 158,543 £0.32 £50,734
15. May 18 Sell Michael Edelman Individual 10. May 18 14. May 18 -1,850,000 £0.48 £-784,040
X
Management checks
We assess Nanoco Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nanoco Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NANO News

Simply Wall St News

When Will Nanoco Group plc (LON:NANO) Come Back To Market?

Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to raise further funds. … Nanoco Group may need to come to market again, but the question is, when? … With a negative free cash flow of -UK£3.3m, Nanoco Group is chipping away at its UK£11m cash reserves in order to run its business.

Simply Wall St -

What You Need To Know About Nanoco Group plc’s (LON:NANO) Cash Situation

Today we will examine Nanoco Group’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Nanoco Group’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Nanoco Group’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

When Will Nanoco Group plc (LON:NANO) Breakeven?

Nanoco Group plc, together with its subsidiaries, engages in the research, development, licensing, and manufacture of cadmium and heavy-metal-free quantum dots, and semiconductor nanoparticles for use in various commercial applications. … Check out our latest analysis for Nanoco Group … NANO is bordering on breakeven, according to Semiconductor analysts.

Simply Wall St -

Has Nanoco Group plc (LON:NANO) Improved Earnings Growth In Recent Times?

See our latest analysis for Nanoco Group Were NANO's earnings stronger than its past performances and the industry? … LSE:NANO Income Statement Mar 7th 18 We can further analyze Nanoco Group's loss by looking at what the industry has been experiencing over the past few years. … This shows that even though Nanoco Group is presently unprofitable, any recent headwind the industry is experiencing, Nanoco Group is relatively better-cushioned than its peers.What does this mean?

Simply Wall St -

When Should You Buy Nanoco Group plc (LON:NANO)?

Another thing to keep in mind is that Nanoco Group’s share price is quite stable relative to the rest of the market, as indicated by its low beta. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … NANO’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value.

Simply Wall St -

Nanoco Group plc (LSE:NANO): Has Recent Earnings Growth Beaten Long-Term Trend?

Check out our latest analysis for Nanoco Group Did NANO's recent EPS Growth beat the long-term trend and the industry? … For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … This means that, Nanoco Group has historically performed better than recently, despite the fact that it seems like earnings are now heading back towards a more favorable position once more.

Simply Wall St -

Nanoco Group plc (LSE:NANO): Is Now The Time To Bet On Tech?

Tech analysts are forecasting for the entire hardware tech industry, a positive double-digit growth of 12.54% in the upcoming year , and an enormous triple-digit earnings growth over the next couple of years. … LSE:NANO PE PEG Gauge Nov 17th 17 The tech hardware industry is trading at a PE ratio of 25x, above the broader UK stock market PE of 19x. … If NANO has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the tech industry.

Simply Wall St -

NANO Company Info

Map
Description

Nanoco Group plc, together with its subsidiaries, engages in the research, development, manufacture, and licensing of cadmium and heavy-metal-free quantum dots (CFQD), and semiconductor nanomaterials for use in various commercial applications. The company offers cadmium free quantum dots, CFQD quantum dot films, copper indium gallium di-selenide/sulfide nanoparticles, and copper indium di-selenide/sulfide nanoparticles. Its products are used in LCD, LED lighting, solar cells, and biological imaging applications. The company has operations in the United Kingdom, other European countries, Asia, and the United States. Nanoco Group plc was founded in 2001 and is headquartered in Manchester, the United Kingdom.

Details
Name: Nanoco Group plc
NANO
Exchange: LSE
Founded: 2001
£155,548,600
285,934,927
Website: http://www.nanocotechnologies.com
Address: Nanoco Group plc
46 Grafton Street,
Manchester,
Greater Manchester, M13 9NT,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE NANO Ordinary Shares London Stock Exchange GB GBP 26. Jul 2005
OTCPK NNOC.F Ordinary Shares Pink Sheets LLC US USD 26. Jul 2005
DB GXG Ordinary Shares Deutsche Boerse AG DE EUR 26. Jul 2005
BATS-CHIXE NANOL Ordinary Shares BATS 'Chi-X Europe' GB GBP 26. Jul 2005
Number of employees
Current staff
Staff numbers
90
Nanoco Group employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/22 20:35
End of day share price update: 2019/02/22 00:00
Last estimates confirmation: 2019/02/18
Last earnings filing: 2018/11/13
Last earnings reported: 2018/07/31
Last annual earnings reported: 2018/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.