| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | 9.85 | 985 |
| Graham Formula | 10.32 | 1037 |
Nanogate AG is a Germany-based leader in high-performance surface and component solutions, specializing in integrated systems that enhance plastic, metal, and other materials with advanced functional properties. Operating in the industrial specialties sector, Nanogate provides scratchproof, chemical-resistant, UV-protected, and hygienic coatings for industries such as automotive, construction, medical technology, and consumer goods. The company's flagship brands, N-Metals and N-Glaze, cater to diverse applications, including electrical automation, security, and aviation. With strategic collaborations like ERBIWA GmbH, Nanogate combines innovation with industrial scalability, positioning itself as a key player in functional surface technology. Headquartered in Quierschied, Germany, the company serves international markets with a focus on high-value, performance-driven solutions.
Nanogate AG presents a high-risk, high-reward investment opportunity due to its niche focus on advanced surface technologies and a beta of 4.53, indicating significant volatility. While the company reported modest net income of €1.41 million in FY2018, its revenue of €239.17 million reflects strong market demand. However, negative capital expenditures (-€31.23 million) and substantial total debt (€129.84 million) raise liquidity concerns. The lack of dividends may deter income-focused investors, but growth-oriented investors might find value in its specialized industrial applications and strategic collaborations. The company's ability to scale its high-performance solutions in competitive markets like automotive and medical technology will be critical for long-term success.
Nanogate AG competes in the high-performance surfaces market by leveraging its integrated systems and proprietary brands (N-Metals, N-Glaze). Its competitive edge lies in multifunctional coatings (e.g., anti-static, UV-resistant) tailored for industries requiring durability and precision, such as automotive and medical technology. However, the company faces stiff competition from larger chemical and material science firms with broader R&D budgets. Nanogate’s collaboration with ERBIWA GmbH enhances its metal surface capabilities, but its relatively small market cap (~€4.46 million) limits economies of scale. The industrial specialties sector is fragmented, with competitors offering overlapping solutions, but Nanogate’s focus on customized, high-value applications differentiates it. Challenges include debt management and the capital-intensive nature of coating technologies, which could constrain innovation if cash flows weaken.