AIM:CNC

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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. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CNC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

CNC

-6.3%

GB Tech

-3.4%

GB Market


1 Year Return

29.3%

CNC

56.3%

GB Tech

-19.7%

GB Market

Return vs Industry: CNC underperformed the UK Tech industry which returned 56.3% over the past year.

Return vs Market: CNC exceeded the UK Market which returned -19.7% over the past year.


Shareholder returns

CNCIndustryMarket
7 Day0%-6.3%-3.4%
30 Day2.6%11.4%-4.5%
90 Day-17.4%17.6%-5.1%
1 Year33.7%29.3%58.2%56.3%-16.6%-19.7%
3 Year25.9%14.1%56.7%49.8%-12.8%-23.6%
5 Year100.2%70.2%167.8%145.7%9.9%-14.9%

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?

25.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CNC (£0.97) is trading above our estimate of fair value (£0.28)

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


Price To Earnings Ratio

PE vs Industry: CNC is poor value based on its PE Ratio (25.4x) compared to the XE Tech industry average (20.2x).

PE vs Market: CNC is poor value based on its PE Ratio (25.4x) compared to the UK market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CNC is overvalued based on its PB Ratio (3.1x) compared to the XE Tech industry average (1.7x).


Next Steps

Future Growth

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

9.5%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Concurrent Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Concurrent Technologies performed over the past 5 years?

6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNC has high quality earnings.

Growing Profit Margin: CNC's current net profit margins (14.7%) are lower than last year (23.4%).


Past Earnings Growth Analysis

Earnings Trend: CNC's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: CNC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CNC had negative earnings growth (-34.8%) over the past year, making it difficult to compare to the Tech industry average (4%).


Return on Equity

High ROE: CNC's Return on Equity (12.3%) is considered low.


Next Steps

Financial Health

How is Concurrent Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: CNC's short term assets (£20.0M) exceed its short term liabilities (£5.4M).

Long Term Liabilities: CNC's short term assets (£20.0M) exceed its long term liabilities (£1.6M).


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


Next Steps

Dividend

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

2.58%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CNC's dividend (2.58%) is higher than the bottom 25% of dividend payers in the UK market (1.87%).

High Dividend: CNC's dividend (2.58%) is low compared to the top 25% of dividend payers in the UK market (5.39%).


Stability and Growth of Payments

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 reasonable payout ratio (66.8%), CNC's dividend payments are 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

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

16.8yrs

Average board tenure


CEO

Jane Annear (66 yo)

1.42yrs

Tenure

UK£288,270

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's total compensation ($USD374.24K) is about average for companies of similar size in the UK market ($USD351.39K).

Compensation vs Earnings: Jane's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Jane Annear
MD, CEO & Director1.42yrsUK£288.27k2.87%
£ 2.0m
David Evans-Hughes
Engineering Director & Executive Director25.75yrsUK£164.04k1.24%
£ 885.6k
Brent Salgat
Executive Director0.42yrno datano data
Mark Cubitt
Non-Executive Chairman0.33yrno data0.027%
£ 19.4k
Clive Thomson
Independent Non-Executive Director16.75yrsUK£28.00k0.26%
£ 184.3k

16.8yrs

Average Tenure

64yo

Average Age

Experienced Board: CNC's board of directors are seasoned and experienced ( 16.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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£71.226m
  • Shares outstanding: 73.43m
  • 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 Analysis2020/10/28 20:51
End of Day Share Price2020/10/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.