AFC

AFC EnergyAIM:AFC Stock Report

Market Cap

UK£389.2m

7D

-9.9%

1Y

180.4%

Updated

19 Sep, 2021

Data

Company Financials +
AFC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

AFC Overview

AFC Energy plc engages in the development of alkaline fuel cell systems for the generation of clean energy in the United Kingdom and Germany.

Price History & Performance

Summary of all time highs, changes and price drops for AFC Energy
Historical stock prices
Current Share PriceUK£0.53
52 Week HighUK£0.17
52 Week LowUK£0.94
Beta2.26
1 Month Change-11.37%
3 Month Change-9.40%
1 Year Change180.42%
3 Year Change684.02%
5 Year Change123.16%
Change since IPO114.14%

Recent News & Updates

Jun 28
AFC Energy (LON:AFC) Is In A Good Position To Deliver On Growth Plans

AFC Energy (LON:AFC) Is In A Good Position To Deliver On Growth Plans

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, AFC Energy ( LON:AFC...

Mar 02
We're Not Worried About AFC Energy's (LON:AFC) Cash Burn

We're Not Worried About AFC Energy's (LON:AFC) Cash Burn

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

AFCGB ElectricalGB Market
7D-9.9%-6.5%-1.0%
1Y180.4%61.4%19.2%

Return vs Industry: AFC exceeded the UK Electrical industry which returned 61.4% over the past year.

Return vs Market: AFC exceeded the UK Market which returned 19.2% over the past year.

Price Volatility

Is AFC's price volatile compared to industry and market?
AFC volatility
AFC Beta2.26
Industry Beta1.1
Market Beta1

Stable Share Price: AFC is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AFC's weekly volatility has decreased from 11% to 6% over the past year.

About the Company

FoundedEmployeesCEOWebsite
200630Adam Bondhttps://www.afcenergy.com

AFC Energy plc engages in the development of alkaline fuel cell systems for the generation of clean energy in the United Kingdom and Germany. The company offers HydroX-Cell(L), an alkaline fuel cell module; HydroX-Cell(S); and AlkaMem, an anion exchange membrane technology for alkaline water electrolysis, alkaline fuel cells, fuel synthesis, electrodialysis, desalination, acid remediation, salt water batteries, and REDOX flow batteries applications. It also provides auxiliary equipment, such as ammonia crackers, water electrolyzes, inverters, battery and fuel storage products, and battery management systems.

Valuation

Is AFC Energy undervalued compared to its fair value and its price relative to the market?

6.01x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AFC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AFC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AFC is unprofitable, so we can't compare its PE Ratio to the UK Electrical industry average.

PE vs Market: AFC is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AFC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AFC is overvalued based on its PB Ratio (6x) compared to the GB Electrical industry average (4.1x).


Future Growth

How is AFC Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-28.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: AFC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: AFC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: AFC's revenue (97% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: AFC's revenue (97% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AFC's Return on Equity is forecast to be high in 3 years time


Past Performance

How has AFC Energy performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFC is currently unprofitable.

Growing Profit Margin: AFC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AFC is unprofitable, but has reduced losses over the past 5 years at a rate of 14.1% per year.

Accelerating Growth: Unable to compare AFC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AFC is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (71.4%).


Return on Equity

High ROE: AFC has a negative Return on Equity (-8.83%), as it is currently unprofitable.


Financial Health

How is AFC Energy's financial position?


Financial Position Analysis

Short Term Liabilities: AFC's short term assets (£64.0M) exceed its short term liabilities (£1.9M).

Long Term Liabilities: AFC's short term assets (£64.0M) exceed its long term liabilities (£735.7K).


Debt to Equity History and Analysis

Debt Level: AFC is debt free.

Reducing Debt: AFC has no debt compared to 5 years ago when its debt to equity ratio was 0%.


Balance Sheet


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.

Stable Cash Runway: AFC has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: AFC has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 6.7% each year


Dividend

What is AFC Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AFC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AFC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AFC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AFC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AFC's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Adam Bond (45 yo)

6.75yrs

Tenure

UK£488,210

Compensation

Mr. Adam Steven Bond has been the Chief Executive Officer of AFC Energy PLC since December 1, 2014. Mr. Bond served as the President of Clean Energy at Linc Energy Ltd since April 30, 2012. was responsible...


CEO Compensation Analysis

Compensation vs Market: Adam's total compensation ($USD671.48K) is about average for companies of similar size in the UK market ($USD721.62K).

Compensation vs Earnings: Adam's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: AFC's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: AFC's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AFC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.6%.


Top Shareholders

Company Information

AFC Energy plc's employee growth, exchange listings and data sources


Key Information

  • Name: AFC Energy plc
  • Ticker: AFC
  • Exchange: AIM
  • Founded: 2006
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: UK£389.249m
  • Shares outstanding: 734.43m
  • Website: https://www.afcenergy.com

Number of Employees


Location

  • AFC Energy plc
  • Dunsfold Park
  • Unit 71.4
  • Cranleigh
  • Surrey
  • GU6 8TB
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 17:38
End of Day Share Price2021/09/17 00:00
Earnings2021/04/30
Annual Earnings2020/10/31


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.