AIM:CWR

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Executive Summary

Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. More Details


Snowflake Analysis

Flawless balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has Ceres Power Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CWR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.6%

CWR

2.4%

GB Electrical

0.07%

GB Market


1 Year Return

249.5%

CWR

-6.4%

GB Electrical

-15.4%

GB Market

Return vs Industry: CWR exceeded the UK Electrical industry which returned -6.4% over the past year.

Return vs Market: CWR exceeded the UK Market which returned -15.4% over the past year.


Shareholder returns

CWRIndustryMarket
7 Day5.6%2.4%0.07%
30 Day34.7%18.3%2.2%
90 Day63.1%27.0%-2.1%
1 Year249.5%249.5%-6.3%-6.4%-12.1%-15.4%
3 Year475.7%475.7%-10.7%-14.3%-8.4%-19.7%
5 Year817.5%817.5%186.5%-87.6%16.4%-9.7%

Price Volatility Vs. Market

How volatile is Ceres Power Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ceres Power Holdings undervalued compared to its fair value and its price relative to the market?

9.32x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: CWR 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 CWR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CWR is overvalued based on its PB Ratio (9.3x) compared to the GB Electrical industry average (2.1x).


Next Steps

Future Growth

How is Ceres Power Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

10.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: CWR's revenue (17% per year) is forecast to grow faster than the UK market (6% per year).

High Growth Revenue: CWR's revenue (17% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CWR is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Ceres Power Holdings performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CWR is currently unprofitable.

Growing Profit Margin: CWR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CWR is unprofitable, but has reduced losses over the past 5 years at a rate of 14.3% per year.

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

Earnings vs Industry: CWR is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (-13.9%).


Return on Equity

High ROE: CWR has a negative Return on Equity (-5.67%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ceres Power Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CWR's short term assets (£119.9M) exceed its short term liabilities (£8.6M).

Long Term Liabilities: CWR's short term assets (£119.9M) exceed its long term liabilities (£4.9M).


Debt to Equity History and Analysis

Debt Level: CWR is debt free.

Reducing Debt: CWR has not had any debt for past 5 years.


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: CWR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: CWR has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 7.4% each year


Next Steps

Dividend

What is Ceres Power Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CWR'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 CWR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CWR'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 CWR'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?

5.6yrs

Average management tenure


CEO

Phil Caldwell (50 yo)

7.08yrs

Tenure

UK£424,035

Compensation

Mr. Philip Joseph Caldwell, also known as Phil, has been the Chief Executive Officer of Ceres Power Holdings PLC since September 2, 2013. Mr. Caldwell serves as Corporate Development Director of Intelligen ...


CEO Compensation Analysis

Compensation vs Market: Phil's total compensation ($USD553.23K) is below average for companies of similar size in the UK market ($USD1.76M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Philip Caldwell
CEO & Executive Director7.08yrsUK£424.04k0.035%
£ 444.5k
Richard Preston
CFO, Finance Director & Executive Director7.67yrsUK£209.98k0.035%
£ 437.8k
Mark Selby
Chief Technology Officer6yrsUK£145.43k0.023%
£ 292.9k
Mark Garrett
Chief Operating Officer0.17yrno datano data
Tony Cochrane
Chief Commercial Officer5.17yrsno datano data
Timothy Richard Anderson
Company Secretaryno datano datano data

5.6yrs

Average Tenure

50yo

Average Age

Experienced Management: CWR's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philip Caldwell
CEO & Executive Director7.08yrsUK£424.04k0.035%
£ 444.5k
Richard Preston
CFO, Finance Director & Executive Director7.67yrsUK£209.98k0.035%
£ 437.8k
Warren Finegold
Independent Non-Executive Chairman0.33yrno datano data
Aidan Hughes
Independent Non-Executive Director5.67yrsUK£40.00k0.015%
£ 194.7k
Stephen Callaghan
Senior Independent Director6.58yrsUK£40.00k0.082%
£ 1.0m
Uwe Glock
Non-Executive Director0.33yrno datano data
Caroline Hargrove
Independent Non-Executive Director2yrsUK£30.00kno data
Qinggui Hao
Non-Executive Director0.33yrno datano data

3.8yrs

Average Tenure

59yo

Average Age

Experienced Board: CWR's board of directors are considered experienced (3.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CWR insiders have only sold shares 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 11.9%.


Top Shareholders

Company Information

Ceres Power Holdings plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ceres Power Holdings plc
  • Ticker: CWR
  • Exchange: AIM
  • Founded: 2001
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: UK£1.258b
  • Shares outstanding: 171.43m
  • Website: https://www.ceres.tech

Number of Employees


Location

  • Ceres Power Holdings plc
  • Viking House
  • Foundry Lane
  • Horsham
  • West Sussex
  • RH13 5PX
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CWRAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2004
CFJADB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2004
CPWH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2004

Biography

Ceres Power Holdings plc, a fuel cell technology and engineering company, engages in the development and commercialization of fuel cell technology in North America, Asia, and Europe. The company offers Ste ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 21:51
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.