Nanofilm Technologies International Ltd. (MZH) AI Stock Analysis

• Market Cap: S$354.94M
• Dividend Yield: 1.23%
• Average Volume (3M): 1.41M
• Price to Earnings (P/E): 45.3
• Beta (1Y): 1.40
• Revenue Growth: 15.39%
• EPS Growth: 140.82%
• Country: SG
• Employees: 2,390
• Sector: Technology
• Sector Strength: 67
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.01
• Shares Outstanding: 663,443,100
• 10 Day Avg. Volume: 1,403,180
• 30 Day Avg. Volume: 1,406,806
• PEG Ratio: 0.32
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$0.51
• Price Target Upside: -5.56% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 4

Nanofilm Technologies' overall stock score reflects a challenging financial and technical landscape. Despite a stable balance sheet, the company's declining profitability and high valuation present risks. The bearish technical indicators further suggest potential downside risk in the near term.

Positive Factors

Geographic Expansion

Geographical expansion includes new sites in Vietnam, Europe, and India, enhancing trade diversification.

Product Superiority

Nanofilm's differentiated, proprietary, and cost-effective coating solutions are environmentally friendly, applicable to a wide range of industries, and stand out among peer offerings, opening a wide array of opportunities.

Revenue Growth

Nanofilm's revenue increased 12% year-over-year to S$44m, aligning with full-year forecasts.

Negative Factors

Cost Pressure

Full potential of various initiatives not realised yet, with near-term cost pressure remaining.

Earnings Downside Risk

There are downside risks to earnings due to trade tariffs, leading to a reiterated Reduce recommendation with a lower target price.

Gross Margin Decline

The key negative in the first quarter was the still weak gross margin, over 27% compared to 33% previously.

Nanofilm Technologies International Ltd. Business Overview & Revenue Model

Company Description

Nanofilm Technologies International Ltd. (MZH) is a Singapore-based company specializing in advanced materials and nanotechnology solutions. The company operates primarily in the sectors of consumer electronics, automotive, and precision engineering, offering innovative coating and filtration products. Its core products include advanced thin film coatings and related materials, which enhance the durability and performance of various substrates, ranging from electronic devices to automotive components.

How the Company Makes Money

Nanofilm Technologies International Ltd. generates revenue through the development, production, and sale of its proprietary nanotechnology-based coatings and materials. The company's key revenue streams include direct sales of its thin film coatings to manufacturers in the consumer electronics and automotive industries, where its products are used to improve the performance and longevity of electronics and automotive parts. Additionally, Nanofilm engages in strategic partnerships and collaborations with industry leaders to co-develop customized solutions, which enhances its market reach and creates additional revenue opportunities. The company also invests in research and innovation to create new products and technologies, ensuring a continuous pipeline of revenue-generating solutions.

Nanofilm Technologies International Ltd. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
204.27M	177.02M	237.41M	246.69M	218.34M
	Gross Profit
75.87M	65.56M	111.39M	122.16M	119.79M
	EBIT
0.00	-1.33M	47.28M	70.54M	71.85M
	EBITDA
53.00M	39.38M	77.97M	96.11M	91.10M
	Net Income Common Stockholders
7.74M	3.13M	43.81M	62.20M	57.62M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
110.21M	155.21M	156.53M	182.53M	226.50M
	Total Assets
635.09M	621.50M	617.87M	644.92M	548.89M
	Total Debt
105.68M	105.76M	46.57M	46.11M	42.27M
	Net Debt
-4.53M	-49.45M	-101.26M	-130.05M	-184.24M
	Total Liabilities
205.14M	197.50M	153.39M	169.94M	108.46M
	Stockholders Equity
387.86M	379.87M	418.79M	429.60M	430.84M
Cash Flow		Free Cash Flow
-28.88M	-24.29M	10.29M	-34.50M	-21.67M
	Operating Cash Flow
21.22M	39.05M	72.42M	73.20M	59.02M
	Investing Cash Flow
-59.09M	-54.93M	-68.89M	-119.81M	-80.50M
	Financing Cash Flow
-7.46M	25.49M	-27.91M	-4.90M	222.30M

Nanofilm Technologies International Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:MZH, the sentiment is Negative. The current price of 0.54 is above the 20-day moving average (MA) of 0.52, below the 50-day MA of 0.61, and below the 200-day MA of 0.74, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 43.38 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:MZH.

Nanofilm Technologies International Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
V03	67 Neutral	$3.30B	13.56	8.59%	5.95%	-9.56%	-8.94%
Sector *	60 Neutral	$10.93B	10.46	-6.70%	2.99%	7.54%	-12.22%
AWX	55 Neutral	S$372.39M	31.97	2.40%	―	-20.96%	―
MZH	51 Neutral	S$354.94M	45.34	2.02%	1.23%	15.39%	140.82%

Nanofilm Technologies International Ltd. Corporate Events

Nanofilm Technologies Addresses Shareholder Concerns on Leadership and Governance

Nanofilm Technologies International Ltd. addressed shareholder concerns ahead of its Annual General Meeting, emphasizing the importance of managing key man risks associated with Dr. Shi Xu’s significant influence and shareholding. The company is building a professional management team to handle daily operations while maintaining robust governance with a largely independent board. Although there are no immediate plans to reduce Dr. Shi’s involvement, the company is open to strategic partnerships. Additionally, the company acknowledged past leadership challenges and is refining its leadership structure and talent acquisition strategy to better align with its growth objectives.

Nanofilm Technologies Announces Board and Committee Changes

Nanofilm Technologies International Ltd. has announced changes to its Board and Board Committee members, effective April 25, 2025. Mr. Kristian John Robinson will retire from his roles, and Ms. Ong Siew Koon will be redesignated as Chairman of the Nominating Committee. Additionally, Mr. Steve Ghanayem and Mr. Wan Kum Tho will assume new roles within the committees, potentially impacting the company’s governance and strategic direction.

Nanofilm Sells Coating Equipment to Sydrogen for S$5.5 Million

Nanofilm Technologies International Ltd. announced the sale of coating equipment to its subsidiary, Sydrogen Energy Pte. Ltd., for S$5,488,000. This transaction aims to bolster Sydrogen’s research and production capabilities in advanced coatings for hydrogen energy applications, reducing reliance on Nanofilm’s existing facilities. The transaction is not expected to materially impact Nanofilm’s financials for the year ending December 2025.

Nanofilm Technologies Streamlines Operations with Subsidiary Wind-Up

Nanofilm Technologies International Ltd. announced the voluntary winding up of its dormant subsidiary, Nanofilm Advanced Materials Co., Ltd., as part of its strategy to streamline the group structure and optimize business operations. This decision is not expected to materially affect the company’s earnings or net tangible asset value for the financial year ending December 31, 2025, and none of the company’s directors have a direct or indirect interest in this winding-up process.

Nanofilm Secures RMB 50 Million Loan for Shanghai Subsidiary

Nanofilm Technologies International Ltd. has announced that its subsidiary, Nanofilm Vacuum Coating (Shanghai) Co., Ltd, has secured a three-year term loan of RMB 50 million from the Industrial and Commercial Bank of China. This loan, intended to support working capital, is secured by mortgages on Shanghai Plant 1 and 2 and a corporate guarantee from the company. The loan agreement includes conditions related to control of the company, and it is not expected to significantly impact the company’s financials for the year ending December 2025.

Nanofilm Technologies Reports Strong FY2024 Performance

Nanofilm Technologies International Ltd. reported improved business and operational performance for the second half and full year of 2024. The company achieved significant milestones by strengthening core business segments, diversifying its customer base, and expanding into new markets, demonstrating resilience despite facing market challenges.