OTCPK:NTCX.F

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-32.7%

NTCX.F

1.0%

US Semiconductor

0.08%

US Market


1 Year Return

-82.6%

NTCX.F

36.5%

US Semiconductor

12.8%

US Market

Return vs Industry: NTCX.F underperformed the US Semiconductor industry which returned 36.5% over the past year.

Return vs Market: NTCX.F underperformed the US Market which returned 12.6% over the past year.


Shareholder returns

NTCX.FIndustryMarket
7 Day-32.7%1.0%0.08%
30 Day-49.3%-2.0%-1.8%
90 Day-50.0%7.7%7.2%
1 Year-82.6%-82.6%39.0%36.5%15.3%12.8%
3 Year-96.3%-96.3%81.3%71.9%39.2%29.9%
5 Year-99.1%-99.1%243.8%210.0%88.3%67.1%

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 compared to its fair value and its price relative to the 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

  • Examine Natcore Technology's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • 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 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

23.1%

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

Past Performance

How has Natcore Technology performed over the past 5 years?

15.9%

Historical Semiconductors annual earnings growth


Earnings and Revenue History

Quality Earnings: Insufficient data to determine if NTCX.F has high quality earnings.

Growing Profit Margin: Insufficient data to determine if NTCX.F's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NTCX.F's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare NTCX.F's past year earnings growth to its 5-year average.

Earnings vs Industry: Insufficient data to determine if NTCX.F's earnings growth over the past year exceeded the Semiconductor industry average.


Return on Equity

High ROE: NTCX.F has a negative Return on Equity (0%), as it is currently unprofitable.


Next Steps

Financial Health

How is Natcore Technology's financial position?


In this section we usually analyse Natcore Technology's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Natcore Technology has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


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.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. 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.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Natcore Technology's financial data was last updated here.
  • Explore more healthy companies in the Semiconductors industry.

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NTCX.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NTCX.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NTCX.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NTCX.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NTCX.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Chuck Provini

11.33yrs

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

Compensation vs Market: Chuck's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD589.17K).

Compensation vs Earnings: Insufficient data to compare Chuck's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Charles Provini
CEO, President11.33yrsUS$278.28kno data
John Calhoun
Co-Founder & Director11.33yrsno datano data
Dennis Flood
Co-Founderno dataUS$43.27kno data
Richard Childs
Chief Financial Officer4.83yrsUS$48.00kno data
Pat Zubil
Director of Administration7.17yrsno datano data
Jill Finder
Senior Vice President of Business Development4.42yrsno datano data
Andrew Barron
Consultantno datano datano data

6.0yrs

Average Tenure

Experienced Management: NTCX.F's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Charles Provini
CEO, President11.33yrsUS$278.28kno data
John Calhoun
Co-Founder & Director11.33yrsno datano data
Dennis Flood
Co-Founderno dataUS$43.27kno data
Brien Lundin
Independent Chairman7yrsno datano data
Daniele Margadona
Member of Science Advisory Boardno datano datano data
David Carlson
Member of Science Advisory Board7.42yrsno datano data
Gavin Conibeer
Member of Science Advisory Board5.83yrsno datano data

7.4yrs

Average Tenure

Experienced Board: NTCX.F's board of directors are considered experienced (7.4 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.


Ownership Breakdown

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


Top Shareholders

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$4.142m
  • 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 Analysis2020/09/20 06:34
End of Day Share Price2020/09/18 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.