Nanofilm Technologies International Ltd. (SG:MZH)
SGX:MZH
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Nanofilm Technologies International Ltd.
(SGX:MZH)
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Rating:56Neutral
Price Target:
S$1.00
▲(16.28% Upside)
Action:Reiterated
Date:04/28/26
The score is mainly constrained by uneven financial quality—especially volatile/free cash flow and reduced margins—despite a solid balance sheet and improving revenue/earnings. Technicals are supportive of an uptrend but look overbought, and valuation is relatively expensive with a low dividend yield.
Positive Factors
Revenue & Earnings Recovery
Nanofilm shows a durable top-line recovery: revenue growth resumed in 2024 and accelerated in 2025, supported by fundamentals (RevenueGrowth ~19.7%, EPS growth ~52.5%). Sustained revenue momentum improves scale economics and supports ongoing investment in products and capacity, strengthening long-term competitive positioning if maintained.
Negative Factors
Material Margin Compression
Significant, sustained margin erosion reduces the company’s ability to convert revenue into profits and limits internal funding for R&D and capex. Even with revenue growth, lower gross and net margins constrain cash generation and ROE, making future growth more dependent on improving operational efficiency or pricing power.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Earnings Recovery
Nanofilm shows a durable top-line recovery: revenue growth resumed in 2024 and accelerated in 2025, supported by fundamentals (RevenueGrowth ~19.7%, EPS growth ~52.5%). Sustained revenue momentum improves scale economics and supports ongoing investment in products and capacity, strengthening long-term competitive positioning if maintained.
Read all positive factors
Nanofilm Technologies International Ltd. (MZH) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$801.63M
Dividend Yield1.12%
Average Volume (3M)3.41M
Price to Earnings (P/E)68.0
Beta (1Y)0.86
Revenue Growth19.73%
EPS Growth52.54%
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$1.65Price Target Upside92.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nanofilm Technologies International Ltd. Business Overview & Revenue Model
Company Description
Established in 1999 and headquartered in Singapore, Nanofilm Technologies International Limited delivers advanced nanotechnological expertise and products to clients across Singapore, China, Japan, and Vietnam. The enterprise organizes its commerc...
How the Company Makes Money
Nanofilm makes money primarily by supplying nanotechnology-enabled surface treatment and advanced coating solutions to customers, earning revenue from the manufacture and sale of coated components and/or from providing coating and surface engineer...
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
Neutral
0.86
Price Trends
1.28
Negative
0.95
Positive
0.81
Positive
Market Momentum
>-0.01
Positive
45.76
Neutral
51.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:MZH, the sentiment is Neutral. The current price of 0.86 is below the 20-day moving average (MA) of 1.26, below the 50-day MA of 1.28, and above the 200-day MA of 0.81, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.76 is Neutral, neither overbought nor oversold. The STOCH value of 51.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | S$412.92M | 29.88 | 26.70% | 3.73% | 11.38% | 22.41% | |
75 Outperform | S$479.43M | 23.13 | 11.96% | 5.24% | -7.63% | -33.33% | |
73 Outperform | S$663.74M | 16.60 | 12.85% | 17.05% | -30.42% | -43.04% | |
71 Outperform | S$1.37B | 46.51 | 6.55% | 1.88% | 8.91% | 5.41% | |
64 Neutral | S$3.36B | 195.19 | 3.48% | ― | 4.98% | 47.27% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | S$801.63M | 67.96 | 2.92% | 1.12% | 19.73% | 52.54% |
* Technology Sector Average
SG:MZH
Nanofilm Technologies International Ltd.
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Nanofilm Technologies International Ltd. Corporate Events
Nanofilm Posts Strong 1Q2026 as Margins Rebound and Growth Broadens Across Units
May 7, 2026
Nanofilm reported a robust start to 2026, with first-quarter revenue rising 24% year-on-year to S$55 million on broad-based strength across its Advanced Materials, Industrial Equipment and Nanofabrication units, and notable growth in consumer, ind...
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.