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CNC

Concurrent TechnologiesAIM:CNC Stock Report

Market Cap

UK£55.8m

7D

-5.0%

1Y

-14.6%

Updated

26 Nov, 2021

Data

Company Financials +
CNC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

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

Summary of all time highs, changes and price drops for Concurrent Technologies
Historical stock prices
Current Share PriceUK£0.76
52 Week HighUK£1.18
52 Week LowUK£0.72
Beta0.38
1 Month Change-5.59%
3 Month Change-16.94%
1 Year Change-14.61%
3 Year Change3.40%
5 Year Change19.69%
Change since IPO347.06%

Recent News & Updates

Sep 11
Concurrent Technologies (LON:CNC) Has Announced That It Will Be Increasing Its Dividend To UK£0.011

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...

Shareholder Returns

CNCGB TechGB Market
7D-5.0%0.6%-3.0%
1Y-14.6%4.0%11.7%

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.

Price Volatility

Is CNC's price volatile compared to industry and market?
CNC volatility
CNC Average Weekly Movement4.2%
Tech Industry Average Movement5.8%
Market Average Movement4.8%
10% most volatile stocks in GB Market9.7%
10% least volatile stocks in GB Market2.5%

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

FoundedEmployeesCEOWebsite
1985104Miles Adcockhttps://www.gocct.com

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

How do Concurrent Technologies's earnings and revenue compare to its market cap?
CNC fundamental statistics
Market CapUK£55.76m
Earnings (TTM)UK£3.09m
Revenue (TTM)UK£21.27m

18.0x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNC income statement (TTM)
RevenueUK£21.27m
Cost of RevenueUK£9.71m
Gross ProfitUK£11.56m
ExpensesUK£8.47m
EarningsUK£3.09m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.042
Gross Margin54.34%
Net Profit Margin14.53%
Debt/Equity Ratio0%

How did CNC perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

61%

Payout Ratio

Valuation

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

15.0%

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).


Future Growth

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

17.3%

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.


Past Performance

How has Concurrent Technologies performed over the past 5 years?

3.8%

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.


Financial Health

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.


Balance Sheet


Dividend

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

3.42%

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.


Next Steps

Management

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

0.4yrs

Average management tenure


CEO

Miles Adcock (48 yo)

0.42

Tenure

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...


Leadership Team

Experienced Management: CNC's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: CNC's board of directors are not considered experienced ( 0.4 years average tenure), which suggests a new board.


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Concurrent Technologies Plc's 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£55.756m
  • Shares outstanding: 73.36m
  • Website: https://www.gocct.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 21:17
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.