Nanofilm Technologies International Ltd. (SG:MZH)
SGX:MZH
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Nanofilm Technologies International Ltd.
(SGX:MZH)
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Rating:60Neutral
Price Target:
S$0.90
▲(5.00% Upside)
Action:ReiteratedDate:04/09/26
The score is primarily held back by weaker profitability versus prior peak years and inconsistent free cash flow, despite a solid balance sheet. Technicals are supportive with the stock above major moving averages and positive momentum, but valuation is a notable headwind given the high P/E and low dividend yield.
Positive Factors
Balance sheet strength
A conservative capital structure with debt-to-equity around 0.27–0.28 gives the company durable financial flexibility. This supports investment in equipment and qualifications, cushions demand cycles, and reduces refinancing risk, enabling multi-quarter contracts and long-term customer programs.
Negative Factors
Compressed profitability
Meaningful margin compression from earlier peaks erodes the company's ability to convert sales into durable profits. Lower gross and net margins reduce buffer against cost inflation, limit reinvestment capacity, and make long-term returns more sensitive to pricing pressure and input cost volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A conservative capital structure with debt-to-equity around 0.27–0.28 gives the company durable financial flexibility. This supports investment in equipment and qualifications, cushions demand cycles, and reduces refinancing risk, enabling multi-quarter contracts and long-term customer programs.
Read all positive factors
Nanofilm Technologies International Ltd. (MZH) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$527.90M
Dividend Yield1.12%
Average Volume (3M)3.41M
Price to Earnings (P/E)32.5
Beta (1Y)1.45
Revenue Growth22.66%
EPS Growth83.49%
CountrySG
Employees2,390
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)N/A
Shares Outstanding663,443,100
10 Day Avg. Volume3,177,980
30 Day Avg. Volume3,414,063
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)0.88
Price to Sales (P/S)1.57
P/FCF Ratio217.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$0.68Price Target Upside-20.93% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nanofilm Technologies International Ltd. Business Overview & Revenue Model
Company Description
Nanofilm Technologies International Limited, together with its subsidiaries, provides nanotechnology solutions in Singapore, China, Japan, and Vietnam. The company operates through three segments: Advanced Materials, Industrial Equipment, and Nano...
How the Company Makes Money
Nanofilm makes money primarily by selling thin-film and surface-technology solutions to customers that need enhanced performance (e.g., wear resistance, corrosion protection, optical properties, aesthetics, or other functional surface attributes) ...
Nanofilm Technologies International Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
72
Positive
Cash Flow
40
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 244.57M | 204.27M | 177.02M | 237.41M | 246.69M |
| Gross Profit | 88.43M | 75.87M | 65.56M | 111.39M | 122.16M |
| EBITDA | 57.02M | 53.00M | 39.38M | 77.97M | 96.11M |
| Net Income | 11.80M | 7.74M | 3.13M | 43.81M | 62.20M |
Balance Sheet | |||||
| Total Assets | 640.72M | 635.09M | 621.50M | 617.87M | 644.92M |
| Cash, Cash Equivalents and Short-Term Investments | 84.55M | 110.21M | 155.21M | 156.53M | 182.53M |
| Total Debt | 108.10M | 105.68M | 105.76M | 46.57M | 46.11M |
| Total Liabilities | 170.64M | 205.14M | 197.50M | 153.39M | 169.94M |
| Stockholders Equity | 437.70M | 387.86M | 379.87M | 418.79M | 429.60M |
Cash Flow | |||||
| Free Cash Flow | 1.76M | -28.88M | -24.29M | 10.29M | -34.50M |
| Operating Cash Flow | 48.64M | 21.22M | 39.05M | 72.42M | 73.20M |
| Investing Cash Flow | -72.80M | -59.09M | -54.93M | -68.89M | -119.81M |
| Financing Cash Flow | -1.16M | -7.46M | 25.49M | -27.91M | -4.90M |
Nanofilm Technologies International Ltd. Technical Analysis
Positive
0.86
Price Trends
0.65
Positive
0.62
Positive
0.67
Positive
Market Momentum
0.06
Negative
74.47
Negative
92.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:MZH, the sentiment is Positive. The current price of 0.86 is above the 20-day moving average (MA) of 0.69, above the 50-day MA of 0.65, and above the 200-day MA of 0.67, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 74.47 is Negative, neither overbought nor oversold. The STOCH value of 92.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:MZH.
Nanofilm Technologies International Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | S$1.06B | 15.07 | 9.11% | 1.88% | 11.57% | 0.89% | |
71 Outperform | S$671.46M | 12.58 | 12.85% | 17.05% | -50.75% | -61.46% | |
68 Neutral | S$4.66B | 19.21 | 8.21% | 5.94% | -7.55% | -7.10% | |
63 Neutral | S$1.54B | 31.84 | 3.48% | ― | 4.60% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | S$527.90M | 32.46 | 3.50% | 1.12% | 22.66% | 83.49% |
* Technology Sector Average
SG:MZH
Nanofilm Technologies International Ltd.
0.86
0.36
72.00%
SG:V03
Venture
16.39
6.22
61.08%
SG:8AZ
Aztech Global Ltd.
0.86
0.30
55.45%
SG:AWX
AEM Holdings Ltd.
5.08
3.98
361.82%
SG:E28
Frencken Group Limited
2.53
1.59
169.15%
Nanofilm Technologies International Ltd. Corporate Events
Nanofilm Sets Up Dongguan Joint Venture to Expand Coating Equipment Reach in China
Feb 5, 2026
Nanofilm Technologies International Ltd. has entered into a shareholders’ agreement with individual partners Ms. Cheng Xiao Na and Mr. Dai Di Sen, and HeChuang Tech Pte. Ltd. to form a joint venture company in Dongguan, China, named Dongguan...
Nanofilm Deregisters Dutch Subsidiary, Sees No Material Earnings Impact
Feb 3, 2026
Nanofilm Technologies International Ltd. has liquidated and deregistered its wholly owned subsidiary, Nanofilm Technologies Europe B.V., under Dutch law, as part of a restructuring of its corporate footprint in Europe. The company stated that the ...
Nanofilm Technologies Strikes Off Dormant Subsidiary in Corporate Streamlining Move
Jan 21, 2026
Nanofilm Technologies International has struck off Nanofilm Ventures Pte. Ltd., an indirect wholly owned and dormant subsidiary, from Singapore’s Register of Companies with effect from 10 January 2026 under Section 344A of the Companies Act ...
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.