AIM:CNC

Stock Analysis Report

Concurrent Technologies

Executive Summary

Concurrent Technologies Plc, together with its subsidiaries, designs, develops, manufactures, and markets single board computers for system integrators and original equipment manufacturers.

Snowflake

Fundamentals

Flawless balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has Concurrent Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.6%

CNC

0.8%

GB Tech

1.1%

GB Market


1 Year Return

-6.8%

CNC

-5.4%

GB Tech

2.7%

GB Market

Return vs Industry: CNC underperformed the UK Tech industry which returned -5.4% over the past year.

Return vs Market: CNC underperformed the UK Market which returned 2.7% over the past year.


Shareholder returns

CNCIndustryMarket
7 Day4.6%0.8%1.1%
30 Day3.0%-3.0%-1.7%
90 Day-6.2%-0.02%-2.7%
1 Year-3.4%-6.8%-3.5%-5.4%7.8%2.7%
3 Year20.0%8.7%40.9%33.4%19.3%4.7%
5 Year78.8%50.5%98.6%71.4%38.0%8.1%

Price Volatility Vs. Market

How volatile is Concurrent Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

11.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CNC (£0.69) is trading above our estimate of fair value (£0.52)

Significantly Undervalued: CNC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CNC is good value based on its PE Ratio (11.6x) compared to the Tech industry average (21.4x).

PE vs Market: CNC is good value based on its PE Ratio (11.6x) compared to the UK market (16.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: CNC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CNC is overvalued based on its PB Ratio (2.3x) compared to the XE Tech industry average (1.4x).


Next Steps

Future Growth

How is Concurrent Technologies forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNC's earnings are forecast to decline over the next 3 years (-18.7% per year).

Earnings vs Market: CNC's earnings are forecast to decline over the next 3 years (-18.7% per year).

High Growth Earnings: CNC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CNC's revenue (0.05% per year) is forecast to grow slower than the UK market (3.8% per year).

High Growth Revenue: CNC's revenue (0.05% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Concurrent Technologies performed over the past 5 years?

14.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CNC's earnings have grown by 14% per year over the past 5 years.

Accelerating Growth: CNC's earnings growth over the past year (71.1%) exceeds its 5-year average (14% per year).

Earnings vs Industry: CNC earnings growth over the past year (71.1%) exceeded the Tech industry -0.3%.


Return on Equity

High ROE: CNC's Return on Equity (19.9%) is considered low.


Return on Assets

ROA vs Industry: CNC has a higher Return on Assets than the Tech industry average last year.


Return on Capital Employed

ROCE Improving: CNC's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Concurrent Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: CNC's short term assets (£18.0M) exceeds its short term liabilities (£3.9M)

Long Term Liabilities: CNC's short term assets (18.0M) exceeds its long term liabilities (1.5M)


Debt to Equity History and Analysis

Debt Level: CNC is debt free.

Reducing Debt: CNC has not had any debt for past 5 years.

Debt Coverage: CNC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CNC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: CNC has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if CNC's debt is covered by short term assets.


Next Steps

Dividend

What is Concurrent Technologies's current dividend yield, its reliability and sustainability?

3.36%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%2.0%markettop25%5.4%industryaverage1.6%forecastin3Years3.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CNC's dividend (3.36%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: CNC's dividend (3.36%) is low compared to the top 25% of dividend payers in the UK market (5.44%).

Stable Dividend: CNC's dividends per share have been stable in the past 10 years.

Growing Dividend: CNC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.7%), CNC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

UK£190k

CEO Compensation


CEO

Jane Annear (65yo)

0.4yrs

Tenure

UK£189,694

Compensation

Ms. Jane Barbara Annear has been Managing Director and Chief Executive Officer of Concurrent Technologies plc since May 21, 2019. Ms. Annear served as Commercial Director of Concurrent Technologies plc unt ...


CEO Compensation Analysis

Compensation vs. Market: Jane has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the UK market.

Compensation vs Earnings: Jane's compensation has been consistent with company performance over the past year.


Insider Trading

Insider Buying: CNC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUK£17,61911 Oct 19
David Evans-Hughes
EntityIndividual
Role
Member of the Board of Directors
Engineering Director & Director
Shares27,000
Max PriceUK£0.65

Ownership Breakdown


Management Team

  • Jane Annear (65yo)

    MD, CEO & Director

    • Tenure: 0.4yrs
    • Compensation: UK£189.69k
  • Glen Fawcett (63yo)

    MD & Director (Leave of Absence)

    • Tenure: 0yrs
    • Compensation: UK£223.21k
  • David Evans-Hughes (63yo)

    Engineering Director & Director

    • Tenure: 0yrs
    • Compensation: UK£159.62k

Board Members

  • Jane Annear (65yo)

    MD, CEO & Director

    • Tenure: 0.4yrs
    • Compensation: UK£189.69k
  • Clive Thomson (71yo)

    Non-Executive Director

    • Tenure: 15.8yrs
    • Compensation: UK£27.10k
  • Glen Fawcett (63yo)

    MD & Director (Leave of Absence)

    • Tenure: 0yrs
    • Compensation: UK£223.21k
  • David Evans-Hughes (63yo)

    Engineering Director & Director

    • Tenure: 0yrs
    • Compensation: UK£159.62k
  • Michael Collins (73yo)

    Non-Executive Chairman

    • Tenure: 32.8yrs
    • Compensation: UK£46.70k

Company Information

Concurrent Technologies Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Concurrent Technologies Plc
  • Ticker: CNC
  • Exchange: AIM
  • Founded: 1985
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: UK£50.721m
  • Shares outstanding: 72.72m
  • Website: https://www.gocct.com

Number of Employees


Location

  • Concurrent Technologies Plc
  • 4 Gilberd Court
  • Newcomen Way
  • Colchester
  • Essex
  • CO4 9WN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNCAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 1996

Biography

Concurrent Technologies Plc, together with its subsidiaries, designs, develops, manufactures, and markets single board computers for system integrators and original equipment manufacturers. The company pro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:33
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.