ITM Power Plc

DB:IJ8 Stock Report

Market Cap: €270.7m

ITM Power Valuation

Is IJ8 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IJ8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate IJ8's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IJ8's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IJ8?

Key metric: As IJ8 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IJ8. This is calculated by dividing IJ8's market cap by their current revenue.
What is IJ8's PS Ratio?
PS Ratio13.6x
SalesUK£16.51m
Market CapUK£224.48m

Price to Sales Ratio vs Peers

How does IJ8's PS Ratio compare to its peers?

The above table shows the PS ratio for IJ8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.5x
2GB 2G Energy
1.3x11.6%€472.7m
EKT Energiekontor
2.7x26.5%€697.0m
H2O Enapter
3x30.7%€115.1m
PNE3 PNE
7x14.7%€867.1m
IJ8 ITM Power
13.6x37.3%€224.5m

Price-To-Sales vs Peers: IJ8 is expensive based on its Price-To-Sales Ratio (13.6x) compared to the peer average (3.5x).

Price to Sales Ratio vs Industry

How does IJ8's PS Ratio compare vs other companies in the DE Electrical Industry?

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
VAR1 Varta
0.09x4.5%US$74.79m
C0M Compleo Charging Solutions
0.1x27.6%US$15.58m
LMIA LION E-Mobility
0.2x29.5%US$6.50m
No more companies available in this PS range
IJ8 13.6xIndustry Avg. 1.1xNo. of Companies4PS012345+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IJ8 is expensive based on its Price-To-Sales Ratio (13.6x) compared to the European Electrical industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is IJ8's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IJ8 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio13.6x
Fair PS Ratio0.02x

Price-To-Sales vs Fair Ratio: IJ8 is expensive based on its Price-To-Sales Ratio (13.6x) compared to the estimated Fair Price-To-Sales Ratio (0x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IJ8 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.42
€0.83
+95.5%
44.8%€2.05€0.29n/a17
Dec ’25€0.40
€0.92
+131.1%
42.7%€2.04€0.48n/a15
Nov ’25€0.52
€0.95
+81.2%
40.9%€2.04€0.48n/a15
Oct ’25€0.59
€0.94
+59.7%
39.7%€2.01€0.53n/a15
Sep ’25€0.59
€0.99
+67.1%
37.5%€2.02€0.53n/a15
Aug ’25€0.61
€1.10
+80.5%
47.5%€2.37€0.54n/a15
Jul ’25€0.55
€1.10
+101.2%
48.1%€2.36€0.54n/a16
Jun ’25€0.76
€1.14
+50.1%
44.6%€2.33€0.54n/a16
May ’25€0.58
€1.14
+97.0%
44.6%€2.34€0.54n/a18
Apr ’25€0.62
€1.12
+82.0%
45.2%€2.34€0.54n/a19
Mar ’25€0.63
€1.12
+77.4%
44.2%€2.34€0.54n/a20
Feb ’25€0.66
€1.17
+77.3%
43.9%€2.35€0.54n/a18
Jan ’25€0.68
€1.27
+86.7%
52.3%€2.92€0.58€0.4318
Dec ’24€0.61
€1.32
+116.4%
47.0%€2.87€0.63€0.4018
Nov ’24€0.73
€1.44
+96.9%
54.1%€3.56€0.63€0.5219
Oct ’24€0.86
€1.89
+117.9%
76.4%€6.95€0.70€0.5918
Sep ’24€0.96
€1.82
+89.1%
77.5%€7.03€0.70€0.5920
Aug ’24€1.06
€1.83
+73.2%
77.1%€7.00€0.71€0.6120
Jul ’24€0.84
€1.85
+119.7%
76.2%€6.98€0.71€0.5520
Jun ’24€0.79
€1.86
+136.5%
75.5%€6.99€0.71€0.7620
May ’24€0.90
€1.99
+122.5%
70.9%€6.81€0.69€0.5821
Apr ’24€0.96
€2.04
+111.0%
68.5%€6.82€0.80€0.6221
Mar ’24€1.10
€2.04
+86.2%
67.8%€6.77€0.79€0.6321
Feb ’24€1.18
€2.07
+75.7%
68.4%€6.80€0.79€0.6620
Jan ’24€1.01
€2.54
+150.7%
76.6%€7.40€0.81€0.6821

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 13:14
End of Day Share Price 2025/01/03 00:00
Earnings2024/04/30
Annual Earnings2024/04/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ITM Power Plc is covered by 37 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tom McColmAllenby Capital Limited
Kulwinder RajpalAlphaValue
Daniel SlaterArden Partners Plc.