CNC Stock Overview
Concurrent Technologies Plc, together with its subsidiaries, designs, develops, manufactures, and markets single board computers for system integrators and original equipment manufacturers.
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£0.76|
|52 Week High||UK£1.18|
|52 Week Low||UK£0.72|
|1 Month Change||-5.59%|
|3 Month Change||-16.94%|
|1 Year Change||-14.61%|
|3 Year Change||3.40%|
|5 Year Change||19.69%|
|Change since IPO||347.06%|
Recent News & Updates
Concurrent Technologies (LON:CNC) Has Announced That It Will Be Increasing Its Dividend To UK£0.011
Concurrent Technologies Plc ( LON:CNC ) will increase its dividend on the 1st of October to UK£0.011, which is 4.5...
|CNC||GB Tech||GB Market|
Return vs Industry: CNC underperformed the UK Tech industry which returned 2.1% over the past year.
Return vs Market: CNC underperformed the UK Market which returned 17.9% over the past year.
|CNC Average Weekly Movement||4.2%|
|Tech Industry Average Movement||5.8%|
|Market Average Movement||4.8%|
|10% most volatile stocks in GB Market||9.7%|
|10% least volatile stocks in GB Market||2.5%|
Stable Share Price: CNC is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CNC's weekly volatility (4%) has been stable over the past year.
About the Company
Concurrent Technologies Plc, together with its subsidiaries, designs, develops, manufactures, and markets single board computers for system integrators and original equipment manufacturers. The company provides various commercial off-the-shelf products, such as VPX boards, advanced mezzanine cards, VME processor boards, CompactPCI products, XMC modules, and firmware and software products, as well as accessories, including breakout cables for high-density connectors and storage modules. The company serves customers in the defence, military, aerospace, telecommunication, industrial, transport, and scientific markets in the United Kingdom and other European countries, North America, and rest of the world.
Concurrent Technologies Fundamentals Summary
|CNC fundamental statistics|
Is CNC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CNC income statement (TTM)|
|Cost of Revenue||UK£9.71m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.042|
|Net Profit Margin||14.53%|
How did CNC perform over the long term?See historical performance and comparison
3.4%Current Dividend Yield
Is Concurrent Technologies undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CNC (£0.76) is trading below our estimate of fair value (£0.89)
Significantly Below Fair Value: CNC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CNC is good value based on its PE Ratio (18x) compared to the European Tech industry average (20.2x).
PE vs Market: CNC is good value based on its PE Ratio (18x) compared to the UK market (19.8x).
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 (2.4x) compared to the XE Tech industry average (1.9x).
How is Concurrent Technologies forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
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.
How has Concurrent Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNC has a large one-off loss of £888.6K impacting its June 30 2021 financial results.
Growing Profit Margin: CNC's current net profit margins (14.5%) are lower than last year (14.7%).
Past Earnings Growth Analysis
Earnings Trend: CNC's earnings have grown by 3.8% per year over the past 5 years.
Accelerating Growth: CNC's earnings growth over the past year (10.6%) exceeds its 5-year average (3.8% per year).
Earnings vs Industry: CNC earnings growth over the past year (10.6%) underperformed the Tech industry 50.7%.
Return on Equity
High ROE: CNC's Return on Equity (13.4%) is considered low.
How is Concurrent Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: CNC's short term assets (£22.0M) exceed its short term liabilities (£6.0M).
Long Term Liabilities: CNC's short term assets (£22.0M) exceed its long term liabilities (£2.2M).
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.
What is Concurrent Technologies's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CNC's dividend (3.42%) is higher than the bottom 25% of dividend payers in the UK market (1.35%).
High Dividend: CNC's dividend (3.42%) is low compared to the top 25% of dividend payers in the UK market (4.03%).
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 (61.5%), 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Miles Adcock (48 yo)
Dr. Miles John Adcock serves as Chief Executive Officer and Executive Director at Concurrent Technologies Plc since June 21, 2021 until July 31, 2021. He has been the President of Space Imaging for Teledyn...
Experienced Management: CNC's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Experienced Board: CNC's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Concurrent Technologies Plc's employee growth, exchange listings and data sources
- Name: Concurrent Technologies Plc
- Ticker: CNC
- Exchange: AIM
- Founded: 1985
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: UK£55.756m
- Shares outstanding: 73.36m
- Website: https://www.gocct.com
Number of Employees
- Concurrent Technologies Plc
- 4 Gilberd Court
- Newcomen Way
- CO4 9WN
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/26 21:17|
|End of Day Share Price||2021/11/26 00:00|
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.