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Nanotech Security

DB:9NS
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9NS
DB
CA$32M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Nanotech Security Corp. researches, creates, and produces nano-optic structures and color shifting materials in Canada and internationally. The last earnings update was 64 days ago. More info.


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  • Nanotech Security has significant price volatility in the past 3 months.
9NS Share Price and Events
7 Day Returns
7.4%
DB:9NS
0.2%
Europe Aerospace & Defense
1.2%
DE Market
1 Year Returns
-50.7%
DB:9NS
12.5%
Europe Aerospace & Defense
0.4%
DE Market
9NS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nanotech Security (9NS) 7.4% -12.8% 2.8% -50.7% -59.1% -
Europe Aerospace & Defense 0.2% -3.1% 0% 12.5% 67.6% 118.2%
DE Market 1.2% -1.3% -0.9% 0.4% 6.9% 24.4%
1 Year Return vs Industry and Market
  • 9NS underperformed the Aerospace & Defense industry which returned 12.5% over the past year.
  • 9NS underperformed the Market in Germany which returned 0.4% over the past year.
Price Volatility
9NS
Industry
5yr Volatility vs Market
Related Companies

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nanotech Security to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nanotech Security.

DB:9NS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:9NS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.862 (1 + (1- 26.5%) (0%))
0.907
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.907 * 5.96%)
5.64%

Discounted Cash Flow Calculation for DB:9NS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nanotech Security is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:9NS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 5.64%)
2020 1.12 Analyst x1 1.06
2021 1.41 Est @ 25.58% 1.26
2022 1.66 Est @ 17.98% 1.41
2023 1.87 Est @ 12.65% 1.51
2024 2.04 Est @ 8.92% 1.55
2025 2.17 Est @ 6.32% 1.56
2026 2.27 Est @ 4.49% 1.55
2027 2.34 Est @ 3.21% 1.51
2028 2.39 Est @ 2.32% 1.46
2029 2.44 Est @ 1.69% 1.41
Present value of next 10 years cash flows CA$14.00
DB:9NS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$2.44 × (1 + 0.23%) ÷ (5.64% – 0.23%)
CA$45.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$45.14 ÷ (1 + 5.64%)10
CA$26.09
DB:9NS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$14.00 + CA$26.09
CA$40.09
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$40.09 / 68.96
CA$0.58
DB:9NS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:9NS represents 0.62796x of TSXV:NTS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.62796x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.58 x 0.62796
€0.37
Value per share (EUR) From above. €0.37
Current discount Discount to share price of €0.29
= -1 x (€0.29 - €0.37) / €0.37
20%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Nanotech Security is available for.
Intrinsic value
20%
Share price is €0.292 vs Future cash flow value of €0.36506
Current Discount Checks
For Nanotech Security to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nanotech Security's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nanotech Security's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nanotech Security's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nanotech Security's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9NS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$-0.02
TSXV:NTS Share Price ** TSXV (2019-10-11) in CAD CA$0.47
Europe Aerospace & Defense Industry PE Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 21.29x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nanotech Security.

DB:9NS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:NTS Share Price ÷ EPS (both in CAD)

= 0.47 ÷ -0.02

-23.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nanotech Security is loss making, we can't compare its value to the Europe Aerospace & Defense industry average.
  • Nanotech Security is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Nanotech Security's expected growth come at a high price?
Raw Data
DB:9NS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -23.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
129.8%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 1.56x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Nanotech Security, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nanotech Security's assets?
Raw Data
DB:9NS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.40
TSXV:NTS Share Price * TSXV (2019-10-11) in CAD CA$0.47
Europe Aerospace & Defense Industry PB Ratio Median Figure of 49 Publicly-Listed Aerospace & Defense Companies 1.99x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.72x
DB:9NS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:NTS Share Price ÷ Book Value per Share (both in CAD)

= 0.47 ÷ 0.40

1.17x

* Primary Listing of Nanotech Security.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nanotech Security is good value based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Nanotech Security's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Nanotech Security has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Nanotech Security expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
129.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nanotech Security expected to grow at an attractive rate?
  • Nanotech Security's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Nanotech Security's earnings growth is expected to exceed the Germany market average.
  • Nanotech Security's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:9NS Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:9NS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 129.8%
DB:9NS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 28%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:9NS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9NS Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 19 1
2021-09-30 15 1
2020-09-30 12 1 2
2019-10-11
2019-09-30 8 -3 2
DB:9NS Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 9 1 -1
2019-03-31 9 2 -1
2018-12-31 9 3 -1
2018-09-30 9 2 0
2018-06-30 9 2 -1
2018-03-31 9 2 -1
2017-12-31 9 0 -2
2017-09-30 7 -1 -4
2017-06-30 4 -2 -5
2017-03-31 3 -4 -7
2016-12-31 2 -4 -8
2016-09-30 3 -4 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nanotech Security's earnings are expected to grow significantly at over 20% yearly.
  • Nanotech Security's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:9NS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Nanotech Security Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9NS Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30 0.04 0.04 0.04 1.00
2021-09-30 0.01 0.01 0.01 1.00
2020-09-30 0.00 0.01 -0.01 2.00
2019-10-11
2019-09-30 -0.04 -0.04 -0.04 2.00
DB:9NS Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 -0.02
2019-03-31 -0.02
2018-12-31 -0.02
2018-09-30 0.00
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.03
2017-09-30 -0.07
2017-06-30 -0.10
2017-03-31 -0.12
2016-12-31 -0.14
2016-09-30 -0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Nanotech Security will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Nanotech Security's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nanotech Security has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Nanotech Security performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nanotech Security's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nanotech Security does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Nanotech Security's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nanotech Security's 1-year growth to the Europe Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
Nanotech Security's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nanotech Security Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9NS Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 8.82 -1.36 4.38 1.37
2019-03-31 8.80 -1.29 4.47 1.41
2018-12-31 8.75 -1.15 4.53 1.40
2018-09-30 9.20 0.08 4.55 1.41
2018-06-30 8.58 -0.57 4.49 1.49
2018-03-31 9.27 -0.86 4.40 1.45
2017-12-31 8.83 -2.09 4.38 1.45
2017-09-30 7.34 -3.85 4.35 1.48
2017-06-30 3.96 -5.49 3.92 1.40
2017-03-31 2.54 -6.69 3.99 1.54
2016-12-31 2.07 -7.59 4.16 1.81
2016-09-30 2.89 -7.66 4.39 2.00
2016-06-30 4.34 -7.72 4.98 2.51
2016-03-31 4.54 -7.04 4.83 3.11
2015-12-31 5.12 -5.49 4.56 3.63
2015-09-30 5.15 -4.67 4.34 4.16
2015-06-30 4.92 -0.82 4.45 4.08
2015-03-31 4.16 -0.66 4.12 3.47
2014-12-31 3.21 -0.62 3.61 2.77
2014-09-30 2.23 -0.38 3.11 2.09
2014-06-30 2.19 -3.39 2.44 1.66
2014-03-31 1.99 -2.80 2.10 1.30
2013-12-31 1.83 -2.42 1.93 0.98
2013-09-30 1.81 -2.05 1.76 0.73
2013-06-30 1.93 -1.76 1.41 0.67
2013-03-31 1.97 -1.64 1.28 0.68
2012-12-31 2.17 -1.49 1.20 0.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Nanotech Security has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Nanotech Security has efficiently used its assets last year compared to the Europe Aerospace & Defense industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Nanotech Security improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Nanotech Security's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nanotech Security has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Nanotech Security's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nanotech Security's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nanotech Security is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nanotech Security's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nanotech Security's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Nanotech Security has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nanotech Security Company Filings, last reported 3 months ago.

DB:9NS Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 27.34 0.00 9.61
2019-03-31 27.69 0.00 10.12
2018-12-31 27.92 0.00 10.92
2018-09-30 28.90 0.00 9.61
2018-06-30 27.99 0.00 9.45
2018-03-31 28.27 0.00 10.29
2017-12-31 28.36 0.00 10.90
2017-09-30 28.20 0.00 10.88
2017-06-30 28.26 3.00 13.24
2017-03-31 13.60 6.75 1.39
2016-12-31 14.77 6.67 2.31
2016-09-30 16.42 6.60 3.31
2016-06-30 17.94 6.52 4.17
2016-03-31 19.26 3.00 1.14
2015-12-31 21.23 3.00 1.64
2015-09-30 22.92 3.00 3.02
2015-06-30 20.13 3.00 1.28
2015-03-31 21.25 3.00 2.08
2014-12-31 21.28 3.00 2.69
2014-09-30 22.03 3.00 3.96
2014-06-30 7.85 0.00 2.43
2014-03-31 8.25 0.00 3.01
2013-12-31 8.72 0.00 3.61
2013-09-30 9.01 0.00 4.16
2013-06-30 0.49 0.00 0.47
2013-03-31 0.89 0.00 0.84
2012-12-31 1.28 0.00 1.16
  • Nanotech Security has no debt.
  • Nanotech Security has no debt compared to 5 years ago when it was 0.4%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Nanotech Security has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Nanotech Security has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -93.8% per year.
X
Financial health checks
We assess Nanotech Security's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nanotech Security has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Nanotech Security's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Nanotech Security dividends.
If you bought €2,000 of Nanotech Security shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Nanotech Security's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nanotech Security's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:9NS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:9NS Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-09-30
2021-09-30
2020-09-30
2019-10-11
2019-09-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Nanotech Security has not reported any payouts.
  • Unable to verify if Nanotech Security's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nanotech Security's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nanotech Security 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.
X
Income/ dividend checks
We assess Nanotech Security's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nanotech Security afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nanotech Security has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Troy Bullock
COMPENSATION CA$547,766
TENURE AS CEO 0.8 years
CEO Bio

Mr. Troy Bullock, CPA, CA, serves as Director at Nanotech Security Corp. since January 2, 2019 and also serves as its President and Corporate Secretary at since October 2016 and June 25, 2014 respectively. Mr. Bullock served as Chief Financial Officer Nanotech Security Corp until January 02, 2019. Mr. Bullock is a Senior Finance Professional with many years of international experience and has a strong track record in both public and private companies with public accounting, restructuring and corporate finance duties at KPMG and Deloitte. He is a veteran of companies characterized by significant growth, international operations and sophisticated commercial transactions. Mr. Bullock has more than a decade of senior financial leadership, where he served as Chief Executive Officer at Stormtech Performance Apparel Ltd. served as Chief Financial Officer and Corporate Secretary of Ascalade Communications Inc. and was responsible for all finance and administration aspects. Mr. Bullock joined Ascalade Communications in March 2005. He served as Director of Finance of Norsat International Inc. from July 2000 to February 28, 2005 and Chief Financial Officer from March 2002 to February 28, 2005. While at Norsat, he was responsible for its corporate finance, accounting, administration, legal, investor relations and human resources departments. Mr. Bullock joined Norsat International Inc. in July 2000. He spent over 9 years with KPMG LLP and served as a Senior Manager in their Information, Communications and Entertainment Practice. He served as a Director of Ascalade Communications Inc. from June 2008 to December 31, 2008. He served as a Director of Norsat International Inc., from June 2002 to February 28, 2005. He is a Chartered Accountant. Mr. Bullock graduated from Simon Fraser University with a Bachelor of Business Administration.

CEO Compensation
  • Troy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Troy's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Nanotech Security management team in years:

3
Average Tenure
  • The tenure for the Nanotech Security management team is about average.
Management Team

Doug Blakeway

TITLE
Founder & Chairman
COMPENSATION
CA$525K
AGE
71

Troy Bullock

TITLE
President
COMPENSATION
CA$548K
TENURE
0.8 yrs

Clint Landrock

TITLE
Chief Technology Officer
COMPENSATION
CA$152K
TENURE
4.4 yrs

Igi LeRoux

TITLE
Chief Business Development Officer
COMPENSATION
CA$412K
TENURE
5.1 yrs

Monika Russell

TITLE
Acting Chief Financial Officer
TENURE
0.8 yrs

Ron Ridley

TITLE
Vice President of Operations
TENURE
5.1 yrs

Joe Vosburgh

TITLE
Vice President of Marketing
AGE
51
TENURE
1.7 yrs

Brian Donnelly

TITLE
Vice President of Sales
TENURE
0.8 yrs

Richard Snyder

TITLE
President of Tactical Technologies Inc
COMPENSATION
CA$83K
TENURE
29.8 yrs
Board of Directors Tenure

Average tenure and age of the Nanotech Security board of directors in years:

0.6
Average Tenure
65
Average Age
  • The average tenure for the Nanotech Security board of directors is less than 3 years, this suggests a new board.
Board of Directors

Doug Blakeway

TITLE
Founder & Chairman
COMPENSATION
CA$525K
AGE
71

Troy Bullock

TITLE
President
COMPENSATION
CA$548K
TENURE
0.8 yrs

Bernhard J. Zinkhofer

TITLE
Independent Director
AGE
63
TENURE
12.7 yrs

Ronan McGrath

TITLE
Independent Director
TENURE
0.5 yrs

Bozena Kaminska

TITLE
Independent Director
COMPENSATION
CA$35K
AGE
67
TENURE
8.6 yrs

D. McDonnell

TITLE
Independent Director
TENURE
0.5 yrs

Hoch Cho

TITLE
Independent Director
AGE
47
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Nanotech Security individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Aug 19 Buy Monika Russell Individual 22. Aug 19 22. Aug 19 30,000 €0.35 €10,165
23. Aug 19 Buy Monika Russell Individual 20. Aug 19 20. Aug 19 20,000 €0.33 €6,310
23. Aug 19 Buy Ronan McGrath Individual 23. Aug 19 23. Aug 19 17,500 €0.44 €7,248
20. Aug 19 Buy Troy Bullock Individual 20. Aug 19 20. Aug 19 12,000 €0.28 €3,350
19. Aug 19 Buy D. McDonnell Individual 16. Aug 19 16. Aug 19 10,000 €0.29 €2,916
13. Aug 19 Buy Bernhard Zinkhofer Law Corporation Company 12. Aug 19 13. Aug 19 20,000 €0.32 €6,175
28. Jun 19 Buy Troy Bullock Individual 26. Jun 19 26. Jun 19 11,000 €0.30 €3,351
21. Jun 19 Buy Troy Bullock Individual 21. Jun 19 21. Jun 19 12,000 €0.34 €4,090
18. Jun 19 Buy Troy Bullock Individual 17. Jun 19 18. Jun 19 40,000 €0.33 €12,411
28. May 19 Buy Troy Bullock Individual 28. May 19 28. May 19 40,000 €0.33 €13,280
02. Jan 19 Buy Troy Bullock Individual 31. Dec 18 02. Jan 19 50,000 €0.34 €17,137
21. Dec 18 Buy Troy Bullock Individual 21. Dec 18 21. Dec 18 50,000 €0.36 €17,776
X
Management checks
We assess Nanotech Security's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nanotech Security has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Nanotech Security Corp. researches, creates, and produces nano-optic structures and color shifting materials in Canada and internationally. The company’s materials are used in authentication and brand enhancement applications for various markets, such as banknotes, tax stamps, secure government documents, commercial branding, and pharmaceutical industry. It also provides KolourOptik security platform that uses nano-optics for security authentication on the market. In addition, the company offers color shifting optical thin film for document security purpose. Further, it provides M2, a nano-optic technology that produces ultra-HD images in an ultra-thin format for integration into stripes and other surfaces. The company was formerly known as Wireless2 Technologies, Inc. and changed its name to Nanotech Security Corp. in April 2010. Nanotech Security Corp. was founded in 1984 and is headquartered in Burnaby, Canada.

Details
Name: Nanotech Security Corp.
9NS
Exchange: DB
Founded: 1984
CA$22,030,998
68,959,001
Website: http://www.nanosecurity.ca
Address: Nanotech Security Corp.
3292 Production Way,
Suite 505,
Burnaby,
British Columbia, V5A 4R4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV NTS Common Shares TSX Venture Exchange CA CAD 06. Sep 1988
OTCPK NTSF.F Common Shares Pink Sheets LLC US USD 06. Sep 1988
DB 9NS Common Shares Deutsche Boerse AG DE EUR 06. Sep 1988
Number of employees
Current staff
Staff numbers
0
Nanotech Security employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/11 22:32
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/10
Last earnings filing: 2019/08/08
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.