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Concurrent Technologies

AIM:CNC
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CNC
AIM
£56M
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

Concurrent Technologies Plc, together with its subsidiaries, designs, develops, manufactures, and markets single board computers for system integrators and original equipment manufacturers. The last earnings update was 62 days ago. More info.


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CNC Share Price and Events
7 Day Returns
3.3%
AIM:CNC
1.9%
Europe Tech
0.5%
GB Market
1 Year Returns
0.6%
AIM:CNC
-0.6%
Europe Tech
2.8%
GB Market
CNC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Concurrent Technologies (CNC) 3.3% 9.2% 20.2% 0.6% 27% 68.5%
Europe Tech 1.9% 2.2% 5.3% -0.6% 36.4% 70.6%
GB Market 0.5% 1.7% 3.7% 2.8% 8.5% 4.3%
1 Year Return vs Industry and Market
  • CNC outperformed the Tech industry which returned -0.6% over the past year.
  • CNC underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.8% over the past year.
Price Volatility
CNC
Industry
5yr Volatility vs Market
Related Companies

CNC Value

 Is Concurrent Technologies 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 Concurrent Technologies 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 Concurrent Technologies.

AIM:CNC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:CNC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.167 (1 + (1- 19%) (0%))
1.112
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.112 * 6.65%)
8.62%

Discounted Cash Flow Calculation for AIM:CNC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Concurrent Technologies 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.

AIM:CNC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.62%)
2020 4.50 Analyst x1 4.14
2021 4.76 Est @ 5.78% 4.03
2022 4.97 Est @ 4.41% 3.88
2023 5.14 Est @ 3.46% 3.69
2024 5.28 Est @ 2.79% 3.50
2025 5.41 Est @ 2.32% 3.29
2026 5.52 Est @ 1.99% 3.09
2027 5.61 Est @ 1.76% 2.90
2028 5.70 Est @ 1.6% 2.71
2029 5.79 Est @ 1.49% 2.53
Present value of next 10 years cash flows £33.00
AIM:CNC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £5.79 × (1 + 1.23%) ÷ (8.62% – 1.23%)
£79.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £79.25 ÷ (1 + 8.62%)10
£34.67
AIM:CNC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £33.00 + £34.67
£67.67
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £67.67 / 72.72
£0.93
AIM:CNC Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.93
Current discount Discount to share price of £0.78
= -1 x (£0.78 - £0.93) / £0.93
16.7%

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

Current Discount
Amount off the current price Concurrent Technologies is available for.
Intrinsic value
17%
Share price is £0.775 vs Future cash flow value of £0.93053
Current Discount Checks
For Concurrent Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Concurrent Technologies's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Concurrent Technologies'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 Concurrent Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Concurrent Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:CNC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.06
AIM:CNC Share Price ** AIM (2019-11-11) in GBP £0.78
Europe Tech Industry PE Ratio Median Figure of 21 Publicly-Listed Tech Companies 25.16x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 16.8x

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

** Primary Listing of Concurrent Technologies.

AIM:CNC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:CNC Share Price ÷ EPS (both in GBP)

= 0.78 ÷ 0.06

13.16x

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

  • Concurrent Technologies is good value based on earnings compared to the Europe Tech industry average.
  • Concurrent Technologies is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Concurrent Technologies's expected growth come at a high price?
Raw Data
AIM:CNC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-18.7%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 1.08x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 555 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

AIM:CNC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.16x ÷ -18.7%

-0.7x

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

  • Concurrent Technologies earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Concurrent Technologies's assets?
Raw Data
AIM:CNC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.30
AIM:CNC Share Price * AIM (2019-11-11) in GBP £0.78
Europe Tech Industry PB Ratio Median Figure of 32 Publicly-Listed Tech Companies 1.31x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.5x
AIM:CNC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:CNC Share Price ÷ Book Value per Share (both in GBP)

= 0.78 ÷ 0.30

2.62x

* Primary Listing of Concurrent Technologies.

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

  • Concurrent Technologies is overvalued based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Concurrent Technologies'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Concurrent Technologies 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.

CNC Future Performance

 How is Concurrent Technologies expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-18.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Concurrent Technologies expected to grow at an attractive rate?
  • Concurrent Technologies's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Concurrent Technologies's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Concurrent Technologies's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:CNC Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:CNC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -18.7%
AIM:CNC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*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
AIM:CNC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:CNC Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 18 5 3 1
2019-12-31 18 7 4 1
AIM:CNC Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 18 7 4
2019-03-31 17 5 4
2018-12-31 17 4 3
2018-09-30 16 4 3
2018-06-30 16 4 3
2018-03-31 16 4 3
2017-12-31 16 5 3
2017-09-30 16 4 3
2017-06-30 15 3 3
2017-03-31 16 4 3
2016-12-31 16 5 3
2016-09-30 16 6 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Concurrent Technologies's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Concurrent Technologies's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
AIM:CNC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Concurrent Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:CNC Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.04 0.04 0.04 1.00
2019-12-31 0.05 0.05 0.05 1.00
AIM:CNC Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.06
2019-03-31 0.05
2018-12-31 0.04
2018-09-30 0.04
2018-06-30 0.03
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.04

*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 Concurrent Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Concurrent Technologies'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.
Concurrent Technologies has a total score of 0/6, 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.

CNC Past Performance

  How has Concurrent Technologies 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 Concurrent Technologies's growth in the last year to its industry (Tech).
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.
  • Concurrent Technologies's year on year earnings growth rate has been positive over the past 5 years.
  • Concurrent Technologies's 1-year earnings growth exceeds its 5-year average (71.1% vs 14%)
  • Concurrent Technologies's earnings growth has exceeded the Europe Tech industry average in the past year (71.1% vs -14.9%).
Earnings and Revenue History
Concurrent Technologies'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 Concurrent Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:CNC Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 18.28 4.29 5.17 0.87
2019-03-31 17.45 3.63 5.03 0.87
2018-12-31 16.62 2.97 4.88 0.87
2018-09-30 16.45 2.74 4.93 0.96
2018-06-30 16.29 2.51 4.99 1.06
2018-03-31 16.25 2.63 4.93 1.06
2017-12-31 16.22 2.76 4.88 1.06
2017-09-30 15.75 2.69 4.55 1.09
2017-06-30 15.27 2.63 4.23 1.11
2017-03-31 15.85 2.73 4.47 1.11
2016-12-31 16.42 2.83 4.71 1.11
2016-09-30 16.44 2.81 4.76 0.98
2016-06-30 16.45 2.80 4.81 0.85
2016-03-31 16.76 2.78 4.65 0.85
2015-12-31 17.07 2.75 4.49 0.85
2015-09-30 16.95 2.75 4.57 0.76
2015-06-30 16.83 2.75 4.65 0.67
2015-03-31 14.82 2.20 4.25 0.67
2014-12-31 12.81 1.65 3.86 0.67
2014-09-30 12.46 1.15 3.69 0.66
2014-06-30 12.11 0.66 3.51 0.64
2014-03-31 11.99 0.69 3.56 0.64
2013-12-31 11.86 0.73 3.60 0.64
2013-09-30 11.95 1.06 3.70 1.60
2013-06-30 12.05 1.39 3.79 2.55
2013-03-31 12.42 1.68 3.74 2.55
2012-12-31 12.79 1.97 3.69 2.55

*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.
  • Concurrent Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Concurrent Technologies used its assets more efficiently than the Europe Tech industry average last year based on Return on Assets.
  • Concurrent Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Concurrent Technologies'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 Tech 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.
Concurrent Technologies has a total score of 4/6, 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.

CNC Health

 How is Concurrent Technologies'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 Concurrent Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Concurrent Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Concurrent Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Concurrent Technologies'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.
  • Concurrent Technologies 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 Concurrent Technologies Company Filings, last reported 4 months ago.

AIM:CNC Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 21.53 0.00 10.03
2019-03-31 21.53 0.00 10.03
2018-12-31 19.99 0.00 7.68
2018-09-30 19.99 0.00 7.68
2018-06-30 19.02 0.00 7.81
2018-03-31 19.02 0.00 7.81
2017-12-31 18.72 0.00 8.39
2017-09-30 18.72 0.00 8.39
2017-06-30 18.03 0.00 7.89
2017-03-31 18.03 0.00 7.89
2016-12-31 17.67 0.00 7.77
2016-09-30 17.67 0.00 7.77
2016-06-30 16.73 0.00 8.18
2016-03-31 16.73 0.00 8.18
2015-12-31 15.82 0.00 5.87
2015-09-30 15.82 0.00 5.87
2015-06-30 15.06 0.00 5.70
2015-03-31 15.06 0.00 5.70
2014-12-31 14.30 0.00 5.62
2014-09-30 14.30 0.00 5.62
2014-06-30 13.40 0.00 4.85
2014-03-31 13.40 0.00 4.85
2013-12-31 13.53 0.00 4.94
2013-09-30 13.53 0.00 4.94
2013-06-30 14.15 0.00 4.33
2013-03-31 14.15 0.00 4.33
2012-12-31 14.30 0.00 3.32
  • Concurrent Technologies has no debt.
  • Concurrent Technologies has not taken on any debt in the past 5 years.
  • Concurrent Technologies has no debt, it does not need to be covered by operating cash flow.
  • Concurrent Technologies has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Concurrent Technologies'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. Concurrent Technologies 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.

CNC Dividends

 What is Concurrent Technologies'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
2.97%
Current annual income from Concurrent Technologies dividends. Estimated to be 3.23% next year.
If you bought £2,000 of Concurrent Technologies shares you are expected to receive £59 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?
  • Concurrent Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
  • Concurrent Technologies's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.35%).
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
AIM:CNC 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 1 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 679 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:CNC Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.03 1.00
2019-12-31 0.02 1.00
AIM:CNC Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-14 0.023 3.244
2018-03-08 0.022 2.900
2017-02-24 0.021 2.725
2016-04-18 0.019 2.971
2016-03-18 0.019 2.749
2015-02-25 0.018 3.357
2014-04-01 0.018 3.978
2014-03-25 0.018 4.513
2013-03-19 0.017 3.873
2012-03-26 0.016 3.349
2012-03-23 0.016 3.423
2011-03-11 0.015 3.366
2010-04-15 0.014 3.787
2009-12-31 0.014 3.526
2009-04-27 0.013 3.650
2008-12-31 0.013 4.240

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Concurrent Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
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 Concurrent Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Concurrent Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Concurrent Technologies has a total score of 4/6, see the detailed checks below.


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

CNC Management

 What is the CEO of Concurrent Technologies'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
Jane Annear
COMPENSATION £189,694
AGE 65
TENURE AS CEO 0.5 years
CEO Bio

Ms. Jane Barbara Annear has been Managing Director and Chief Executive Officer of Concurrent Technologies plc since May 21, 2019. Ms. Annear served as Commercial Director of Concurrent Technologies plc until May 21, 2019. Ms. Annear served as Director of Sales of Concurrent Technologies plc and also serves as its Director.

CEO Compensation
  • Jane's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jane's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Jane Annear

TITLE
MD, CEO & Director
COMPENSATION
£190K
AGE
65
TENURE
0.5 yrs

Glen Fawcett

TITLE
MD & Director (Leave of Absence)
COMPENSATION
£223K
AGE
63

David Evans-Hughes

TITLE
Engineering Director & Executive Director
COMPENSATION
£160K
AGE
63
Board of Directors Tenure

Average tenure and age of the Concurrent Technologies board of directors in years:

32.8
Average Tenure
65
Average Age
  • The average tenure for the Concurrent Technologies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Michael Collins

TITLE
Non-Executive Chairman
COMPENSATION
£47K
AGE
73
TENURE
32.8 yrs

Jane Annear

TITLE
MD, CEO & Director
COMPENSATION
£190K
AGE
65

Glen Fawcett

TITLE
MD & Director (Leave of Absence)
COMPENSATION
£223K
AGE
63
TENURE
34.8 yrs

David Evans-Hughes

TITLE
Engineering Director & Executive Director
COMPENSATION
£160K
AGE
63

Clive Thomson

TITLE
Independent Non-Executive Director
COMPENSATION
£27K
AGE
71
TENURE
15.8 yrs
Who owns this company?
Recent Insider Trading
  • Concurrent Technologies individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
11. Oct 19 Sell David Evans-Hughes Individual 10. Oct 19 10. Oct 19 -27,000 £0.65 £-17,619
X
Management checks
We assess Concurrent Technologies'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. Concurrent Technologies 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.

CNC News

Simply Wall St News

Read This Before Buying Concurrent Technologies Plc (LON:CNC) For Its Dividend

Is Concurrent Technologies Plc (LON:CNC) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be highly rewarding in the long term. Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. In this case, Concurrent Technologies likely looks attractive to investors, given its 3.4% dividend yield and a payment history of over ten years. We'd guess that plenty of investors have purchased it for the income. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Concurrent Technologies paid out 194% of its free cash flow last year, suggesting the dividend is poorly covered by cash flow. … Concurrent Technologies paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough free cash flow to cover the dividend.

Simply Wall St -

Introducing Concurrent Technologies (LON:CNC), A Stock That Climbed 45% In The Last Five Years

It hasn't been the best quarter for Concurrent Technologies Plc (LON:CNC) shareholders, since the share price has fallen 13% in that time. … During five years of share price growth, Concurrent Technologies achieved compound earnings per share (EPS) growth of 32% per year. … A Different Perspective While the broader market lost about 0.3% in the twelve months, Concurrent Technologies shareholders did even worse, losing 16% (even including dividends).

Simply Wall St -

Could Concurrent Technologies Plc's (LON:CNC) Investor Composition Influence The Stock Price?

Our analysis of the ownership of the company, below, shows that institutions own shares in the company. … Check out our latest analysis for Concurrent Technologies AIM:CNC Ownership Summary, July 17th 2019 What Does The Institutional Ownership Tell Us About Concurrent Technologies? … Insider Ownership Of Concurrent Technologies The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

A Closer Look At Concurrent Technologies Plc's (LON:CNC) Impressive ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Concurrent Technologies: 15% = UK£3.0m ÷ UK£20m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Concurrent Technologies Have A Good Return On Equity? … Concurrent Technologies's Debt And Its 15% ROE One positive for shareholders is that Concurrent Technologies does not have any net debt!

Simply Wall St -

Why We Like Concurrent Technologies Plc’s (LON:CNC) 15% Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Concurrent Technologies: 0.15 = UK£3.1m ÷ (UK£24m - UK£2.8m) (Based on the trailing twelve months to December 2018.) So, Concurrent Technologies has an ROCE of 15%. … What Are Current Liabilities, And How Do They Affect Concurrent Technologies's ROCE? … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Read This Before You Buy Concurrent Technologies Plc (LON:CNC) Because Of Its P/E Ratio

We'll look at Concurrent Technologies Plc's (LON:CNC) P/E ratio and reflect on what it tells us about the company's share price. … The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Concurrent Technologies: P/E of 18.5 = £0.76 ÷ £0.041 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … So if Concurrent Technologies actually outperforms its peers going forward, that should be a positive for the share price.

Simply Wall St -

Here's What You Should Know About Concurrent Technologies Plc's (LON:CNC) 3.1% Dividend Yield

Is Concurrent Technologies Plc (LON:CNC) a good dividend stock? … While Concurrent Technologies's dividends were covered by the company's reported profits, free cash flow is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. … First, the company has a payout ratio that was within an average range for most dividend stocks, but it paid out virtually all of its generated cash flow.

Simply Wall St -

With 7.7% Earnings Growth, Did Concurrent Technologies Plc (LON:CNC) Outperform The Industry?

For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. … Did CNC beat its long-term earnings growth trend and its industry. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 17%, indicating the rate at which CNC is growing has slowed down.

Simply Wall St -

Concurrent Technologies Plc (LON:CNC) Has Attractive Fundamentals

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been able to sustain great financial health over the past

Simply Wall St -

Investors Who Bought Concurrent Technologies (LON:CNC) Shares Five Years Ago Are Now Up 73%

For example, the Concurrent Technologies Plc (LON:CNC) share price is up 73% in the last 5 years, clearly besting than the market return of around 4.2% (ignoring dividends). … In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … During five years of share price growth, Concurrent Technologies achieved compound earnings per share (EPS) growth of 12% per year.

Simply Wall St -

CNC Company Info

Description

Concurrent Technologies Plc, together with its subsidiaries, designs, develops, manufactures, and markets single board computers for system integrators and original equipment manufacturers. The company provides various commercial off-the-shelf products, such as VPX boards, advanced mezzanine cards, VME processor boards, CompactPCI products, XMC modules, and firmware and software products, as well as accessories, including breakout cables for high-density connectors and storage modules. The company serves customers in the military, aerospace, communication, industrial, transport, and scientific markets in the United Kingdom and other European countries, North America, and rest of the world. Concurrent Technologies Plc was founded in 1985 and is headquartered in Colchester, the United Kingdom.

Details
Name: Concurrent Technologies Plc
CNC
Exchange: AIM
Founded: 1985
£56,356,829
72,718,490
Website: http://www.gocct.com
Address: Concurrent Technologies Plc
4 Gilberd Court,
Newcomen Way,
Colchester,
Essex, CO4 9WN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM CNC Ordinary Shares London Stock Exchange AIM Market GB GBP 04. Jul 1996
Number of employees
Current staff
Staff numbers
105
Concurrent Technologies employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/11 20:33
End of day share price update: 2019/11/11 00:00
Last estimates confirmation: 2019/09/10
Last earnings filing: 2019/09/10
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.