OTCPK:NTCX.F

Stock Analysis Report

Executive Summary

Natcore Technology Inc., a research and development company, develops and owns technology for the manufacturing of solar cells.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Risks

  • Natcore Technology has significant price volatility in the past 3 months.
  • Natcore Technology's last earnings update was 290 days ago.
  • Natcore Technology is not covered by any analysts.

Share Price & News

How has Natcore Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

19.4%

OTCPK:NTCX.F

2.0%

US Semiconductor

1.2%

US Market


1 Year Return

-60.0%

OTCPK:NTCX.F

10.9%

US Semiconductor

1.7%

US Market

NTCX.F underperformed the Semiconductor industry which returned 10.9% over the past year.

NTCX.F underperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

NTCX.FIndustryMarket
7 Day19.4%2.0%1.2%
30 Day-13.6%10.8%4.9%
90 Day-13.2%17.2%3.7%
1 Year-60.0%-60.0%13.0%10.9%3.9%1.7%
3 Year-92.1%-92.1%83.8%73.0%47.2%37.7%
5 Year-96.8%-96.8%122.5%100.0%60.0%42.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Natcore Technology is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Natcore Technology has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of NTCX.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Natcore Technology regulatory filings here.
  • Explore potentially undervalued companies in the Semiconductors industry.

Future Growth

How is Natcore Technology expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.0%

Forecasted Semiconductors 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 Natcore Technology 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

  • Take a look at our analysis of NTCX.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Natcore Technology's filings and announcements here.
  • Explore growth companies in the Semiconductors industry.

Past Performance

How has Natcore Technology performed over the past 5 years?

18.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Natcore Technology does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Natcore Technology's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Natcore Technology's 1-year growth to the US Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Natcore Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if Natcore Technology has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Natcore Technology improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.


Next Steps

Financial Health

How is Natcore Technology's financial position?


Financial Position Analysis

Natcore Technology's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Natcore Technology has no long term commitments.


Debt to Equity History and Analysis

Natcore Technology has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if Natcore Technology's debt level has increased considering it has negative shareholder equity.

Natcore Technology has no debt, it does not need to be covered by operating cash flow.

Natcore Technology has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Natcore Technology has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Next Steps

Dividend

What is Natcore Technology's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Natcore Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Natcore Technology's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Natcore Technology has not reported any payouts.

Unable to verify if Natcore Technology's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Natcore Technology has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Chuck Provini 0

10.3yrs

Tenure

US$278,284

Compensation

Mr. Charles R. Provini serves as the President of PARADIGM Global Advisors LLC. Mr. Provini has been the Chief Executive Officer and President at Natcore Technology Inc. since May 08, 2009 and has been its ...


CEO Compensation Analysis

Insufficient data for Chuck to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Chuck's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.0yrs

Average Tenure

The average tenure for the Natcore Technology management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.4yrs

Average Tenure

The tenure for the Natcore Technology board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Chuck Provini

    CEO, President

    • Tenure: 10.3yrs
    • Compensation: US$278.28k
  • Dennis Flood

    Co-Founder

    • Tenure: 0yrs
    • Compensation: US$43.27k
  • John Calhoun (51yo)

    Co-Founder & Director

    • Tenure: 10.3yrs
  • Andy Barron

    Consultant

    • Tenure: 0yrs
  • Richard Childs

    Chief Financial Officer

    • Tenure: 3.8yrs
    • Compensation: US$48.00k
  • Pat Zubil

    Director of Administration

    • Tenure: 6.2yrs
  • Jill Finder

    Senior Vice President of Business Development

    • Tenure: 3.4yrs

Board Members

  • Chuck Provini

    CEO, President

    • Tenure: 10.3yrs
    • Compensation: US$278.28k
  • Dennis Flood

    Co-Founder

    • Tenure: 0yrs
    • Compensation: US$43.27k
  • Brien Lundin (58yo)

    Chairman

    • Tenure: 6yrs
  • John Calhoun (51yo)

    Co-Founder & Director

    • Tenure: 10.3yrs
  • Daniele Margadona

    Member of Science Advisory Board

    • Tenure: 0yrs
  • David Carlson

    Member of Science Advisory Board

    • Tenure: 6.4yrs
  • Gavin Conibeer

    Member of Science Advisory Board

    • Tenure: 4.8yrs

Company Information

Natcore Technology Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Natcore Technology Inc.
  • Ticker: NTCX.F
  • Exchange: OTCPK
  • Founded: 2007
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: CA$5.455m
  • Listing Market Cap: CA$4.113m
  • Shares outstanding: 90.91m
  • Website: https://www.natcoresolar.com

Location

  • Natcore Technology Inc.
  • 1615 South Congress Avenue
  • Suite 103
  • Delray Beach
  • Florida
  • 33445
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NXTTSXV (TSX Venture Exchange)YesCommon StockCACADMay 2009
NTCX.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 2009
8NTDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2009

Biography

Natcore Technology Inc., a research and development company, develops and owns technology for the manufacturing of solar cells. The company offers laser-processed back-contact cells and liquid phase deposi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 00:21
End of Day Share Price2019/09/13 00:00
Earnings2018/09/30
Annual Earnings2017/12/31


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.