Nanoco Group PLC (GB:NANO)
LSE:NANO
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Nanoco Group plc
(LSE:NANO)
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Rating:46Neutral
Price Target:
3.50 p
▼(-56.90% Downside)
Action:Reiterated
Date:05/29/26
The score is held down primarily by weak financial performance, including negative profitability, deteriorated operating cash flow, and a balance sheet with negative equity. Technicals are also unfavorable with the share price below all major moving averages, while valuation provides only partial support due to the very low P/E but limited confirmation from fundamentals.
Positive Factors
High gross margin
A 91.8% gross margin indicates the company’s core materials business captures substantial value above direct costs. That large production-level margin supports long-term profitability potential once fixed overheads and R&D are absorbed, and provides pricing flexibility for premium nanomaterials.
Negative Factors
Negative shareholders' equity
Negative equity signals solvency stress and reduces financial flexibility. It constrains borrowing capacity, raises refinancing and covenant risk, and often necessitates capital raises or restructuring; those steps can dilute stakeholders and complicate long-term operational planning.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
A 91.8% gross margin indicates the company’s core materials business captures substantial value above direct costs. That large production-level margin supports long-term profitability potential once fixed overheads and R&D are absorbed, and provides pricing flexibility for premium nanomaterials.
Read all positive factors
Nanoco Group plc (NANO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£5.20M
Dividend YieldN/A
Average Volume (3M)404.43K
Price to Earnings (P/E)5.5
Beta (1Y)0.07
Revenue Growth61.15%
EPS GrowthN/A
CountryUK
Employees47
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)<0.01
Shares Outstanding195,543,820
10 Day Avg. Volume424,468
30 Day Avg. Volume404,433
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)-1.34
Price to Sales (P/S)3.44
P/FCF Ratio-5.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.02
Revenue Forecast (FY)£11.30M
Nanoco Group plc Business Overview & Revenue Model
Company Description
Nanoco Group plc and its affiliated entities are pioneers in the research, development, manufacturing, and licensing of innovative nanomaterials tailored for a wide array of commercial uses. Their product line features CFQD quantum dots, which are...
How the Company Makes Money
Nanoco makes money primarily by commercializing its nanomaterial and quantum dot technology through customer and partner arrangements. Key revenue streams include: (1) Product/materials revenue from the manufacture and sale (or supply) of quantum ...
Nanoco Group plc Earnings Call Summary
Earnings Call Date:Nov 18, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Oct 21, 2026
Earnings Call Sentiment Neutral
The earnings call reflects significant strategic advancements and operational improvements, particularly in the image sensor market, alongside financial stability. However, challenges such as revenue decline, strategic review delays, and a loss after tax offset these achievements. The mixed performance in market segments like flat panel displays also tempers the overall outlook.Positive Updates
Reduction in Cash Burn
Nanoco reduced its cash burn by approximately 30%, extending its cash runway and allowing reinvestment in business development.
Negative Updates
Revenue Decline
Revenue for FY '25 was GBP 7.6 million, down GBP 0.3 million from the previous year, due to the cancellation of a JDA with a European customer.
Read all updates
Q4-2025 Updates
Positive
Negative
Reduction in Cash Burn
Nanoco reduced its cash burn by approximately 30%, extending its cash runway and allowing reinvestment in business development.
Read all positive updates
Company Guidance
In the recent investor call, Nanoco Group plc provided comprehensive guidance for Fiscal Year 2025, highlighting significant strategic and operational advancements. The company reported a 30% reduction in cash burn, extending its cash runway to reinvest in business development. The strategic focus remains on the image sensor market, identified as a top priority due to favorable market trends and Nanoco's strong competitive position. Key achievements include signing a second joint development agreement and extending an existing one for three years. Financially, Nanoco reported revenue of GBP 7.6 million, with an adjusted EBITDA of GBP 1.5 million, and a year-end cash position of GBP 14 million. The order book stands at GBP 7.6 million, setting a solid foundation for future growth. The company aims to achieve breakeven by 2027, with existing facilities capable of producing quantum dot materials for up to 700 million sensors annually. The strategic review with CDX continues, aiming to explore high-value options for shareholders.Nanoco Group plc Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
30
Negative
Cash Flow
40
Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.87M | 7.62M | 7.87M | 5.62M | 2.47M | 2.09M |
| Gross Profit | 9.58M | 7.00M | 6.66M | 4.77M | 1.09M | 757.00K |
| EBITDA | 5.44M | 483.00K | 3.58M | 15.94M | -3.82M | -3.88M |
| Net Income | 1.09M | -2.20M | -1.25M | 11.09M | -4.70M | -4.39M |
Balance Sheet | ||||||
| Total Assets | 20.45M | 21.23M | 30.66M | 50.77M | 10.89M | 9.23M |
| Cash, Cash Equivalents and Short-Term Investments | 14.37M | 14.00M | 20.29M | 8.21M | 6.76M | 3.81M |
| Total Debt | 762.00K | 1.30M | 1.91M | 6.43M | 4.09M | 4.17M |
| Total Liabilities | 37.64M | 40.73M | 47.67M | 34.35M | 6.41M | 6.18M |
| Stockholders Equity | -17.19M | -19.51M | -17.01M | 16.41M | 4.48M | 3.05M |
Cash Flow | ||||||
| Free Cash Flow | -181.00K | -5.24M | 49.88M | -28.22M | -1.90M | -3.75M |
| Operating Cash Flow | -78.00K | -4.87M | 51.48M | -27.84M | -1.78M | -3.36M |
| Investing Cash Flow | -189.00K | 358.00K | -816.00K | 34.18M | -82.00K | -344.00K |
| Financing Cash Flow | -710.00K | -1.74M | -38.92M | -5.08M | 4.79M | 2.32M |
Nanoco Group plc Technical Analysis
Negative
8.12
Price Trends
4.50
Negative
5.02
Negative
7.05
Negative
Market Momentum
-0.46
Negative
42.34
Neutral
34.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NANO, the sentiment is Negative. The current price of 8.12 is above the 20-day moving average (MA) of 2.74, above the 50-day MA of 4.50, and above the 200-day MA of 7.05, indicating a neutral trend. The MACD of -0.46 indicates Negative momentum. The RSI at 42.34 is Neutral, neither overbought nor oversold. The STOCH value of 34.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:NANO.
Nanoco Group plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £51.38M | 4.04 | 22.93% | ― | 136.76% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | £43.60M | 262.50 | 2.29% | 3.67% | -10.70% | ― | |
50 Neutral | £619.29M | -12.38 | -37.49% | ― | -17.57% | 4.55% | |
49 Neutral | £27.27M | -5.82 | -35.93% | ― | -13.95% | 4.29% | |
46 Neutral | £5.20M | 5.48 | 11.53% | ― | 61.15% | ― | |
39 Underperform | £26.03M | -19.69 | -12.60% | ― | -14.81% | -1362.50% |
* Technology Sector Average
GB:NANO
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Nanoco Group plc Corporate Events
Business Operations and StrategyShareholder Meetings
Nanoco Adjourns General Meeting to Seek Further Shareholder Dialogue
Neutral
Jun 19, 2026
Nanoco Group plc has adjourned its General Meeting, which had been scheduled for the morning of 19 June 2026, without setting a new date. The board said it will continue to evaluate options and pursue further constructive dialogue with shareholder...
Business Operations and StrategyDelistings and Listing ChangesShareholder Meetings
Nanoco delays delisting vote after shareholder pushback
Negative
Jun 18, 2026
Nanoco Group plc, listed on the London Stock Exchange and holder of the Green Economy Mark, focuses on cadmium-free quantum dots and related nanomaterials for use in displays, sensors and electronics, including its CFQD and HEATWAVE product ranges...
Business Operations and StrategyDelistings and Listing ChangesShareholder Meetings
Nanoco Wins Glass Lewis Backing for London Delisting Plan
Neutral
Jun 9, 2026
Nanoco Group plc, a UK-based specialist in nanomaterials and quantum dot technologies, is sharpening its focus on existing high-potential business lines while reducing operating expenses to conserve capital. The company has been reshaping its stra...
Business Operations and StrategyDelistings and Listing ChangesShareholder Meetings
Nanoco to Quit London Main Market and Go Private to Cut Costs
Negative
May 27, 2026
Nanoco Group plans to cancel the listing of its ordinary shares from the London Stock Exchange’s Main Market and re-register as a private limited company, pending 75% shareholder approval at a June general meeting. The move is driven by an e...
Business Operations and StrategyExecutive/Board Changes
Nanoco grants nil-cost options to interim CEO and senior staff
Positive
Apr 20, 2026
Nanoco Group has granted nil-cost share options under its 2015 Deferred Bonus Plan to interim CEO Liam Gray and other personnel, covering performance for the year ended 31 July 2025. The awards, totalling 2,718,724 options based on an average shar...
Business Operations and StrategyFinancial DisclosuresLegal Proceedings
Nanoco lifts interim revenue on LG settlement and doubles down on sensing growth
Positive
Apr 20, 2026
Nanoco Group reported interim results showing strong revenue growth driven mainly by a $5m settlement with LG Electronics and a significantly improved adjusted EBITDA, supported by tight cost control and a lower monthly cash burn. The company has ...
Financial Disclosures
Nanoco sets 20 April date for interim results
Neutral
Apr 13, 2026
Nanoco Group plc announced that it will publish its interim results for the period ended 31 January 2026 on 20 April 2026. The scheduled release date will give investors and other stakeholders a near-term view of the company’s recent trading...
Business Operations and StrategyLegal Proceedings
Nanoco and Shoei Strike Truce in Quantum Dot Patent Dispute
Positive
Mar 26, 2026
Nanoco Group has executed a definitive settlement agreement with Shoei Chemical Inc. and Shoei Electronic Materials, bringing their ongoing quantum dot patent litigation to a close. Under the deal, no compensation will be paid by either side and e...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.