| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
ITM Stock Overview
ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, transportation, and industrial sectors in the United Kingdom, Germany, rest of Europe, and the United States.
ITM Power Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£1.81 |
| 52 Week High | UK£5.36 |
| 52 Week Low | UK£1.65 |
| Beta | 1.55 |
| 1 Month Change | -36.86% |
| 3 Month Change | -48.80% |
| 1 Year Change | -60.88% |
| 3 Year Change | 341.22% |
| 5 Year Change | 756.33% |
| Change since IPO | 244.57% |
Recent News & Updates
Some Analysts Just Cut Their ITM Power Plc (LON:ITM) Estimates
Today is shaping up negative for ITM Power Plc ( LON:ITM ) shareholders, with the analysts delivering a substantial...
We're Interested To See How ITM Power (LON:ITM) Uses Its Cash Hoard To Grow
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
| ITM | GB Electrical | GB Market | |
|---|---|---|---|
| 7D | -7.0% | -3.1% | -1.1% |
| 1Y | -60.9% | -50.7% | -9.7% |
Return vs Industry: ITM underperformed the UK Electrical industry which returned -51.2% over the past year.
Return vs Market: ITM underperformed the UK Market which returned -9.5% over the past year.
Price Volatility
| ITM volatility | |
|---|---|
| ITM Average Weekly Movement | 10.3% |
| Electrical Industry Average Movement | 8.3% |
| Market Average Movement | 5.4% |
| 10% most volatile stocks in GB Market | 10.6% |
| 10% least volatile stocks in GB Market | 2.8% |
Stable Share Price: ITM is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: ITM's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of UK stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 350 | Graham Cooley | https://www.itm-power.com |
ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, transportation, and industrial sectors in the United Kingdom, Germany, rest of Europe, and the United States. It offers HGas for power-to-gas, clean fuel, and industrial hydrogen applications. The company is also involved in the development and manufacture of prototype products; and sale of electrolysis equipment and hydrogen storage solutions.
ITM Power Fundamentals Summary
| ITM fundamental statistics | |
|---|---|
| Market Cap | UK£1.11b |
| Earnings (TTM) | -UK£31.05m |
| Revenue (TTM) | UK£9.30m |
119.3x
P/S Ratio-35.7x
P/E RatioIs ITM overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ITM income statement (TTM) | |
|---|---|
| Revenue | UK£9.30m |
| Cost of Revenue | UK£25.51m |
| Gross Profit | -UK£16.21m |
| Other Expenses | UK£14.83m |
| Earnings | -UK£31.05m |
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.051 |
| Gross Margin | -174.36% |
| Net Profit Margin | -333.89% |
| Debt/Equity Ratio | 0% |
How did ITM perform over the long term?
See historical performance and comparisonValuation
Is ITM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ITM?
Other financial metrics that can be useful for relative valuation.
| What is ITM's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | UK£1.11b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 102.3x |
| Enterprise Value/EBITDA | -33.6x |
| PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does ITM's PB Ratio compare to its peers?
| ITM PB Ratio vs Peers |
|---|
| Company | PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.6x | ||
IES Invinity Energy Systems | 1x | 27.8% | UK£52.2m |
LOAD Crestchic | 2.3x | 28.2% | UK£54.1m |
CWR Ceres Power Holdings | 3.8x | 30.8% | UK£1.1b |
XPP XP Power | 3.2x | 22.8% | UK£551.1m |
ITM ITM Power | 6.1x | 33.0% | UK£1.1b |
Price-To-Book vs Peers: ITM is expensive based on its Price-To-Book Ratio (6.1x) compared to the peer average (2.6x).
Price to Earnings Ratio vs Industry
How does ITM's PE Ratio compare vs other companies in the GB Electrical Industry?
Price-To-Book vs Industry: ITM is expensive based on its Price-To-Book Ratio (6.1x) compared to the UK Electrical industry average (1.9x)
Price to Book Ratio vs Fair Ratio
What is ITM's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PB Ratio | 6.1x |
| Fair PB Ratio | n/a |
Price-To-Book vs Fair Ratio: Insufficient data to calculate ITM's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of ITM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ITM (£1.81) is trading above our estimate of fair value (£1.52)
Significantly Below Fair Value: ITM is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ITM's PEG Ratio to determine if it is good value.
Discover undervalued companies
Future Growth
How is ITM Power forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
33.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ITM is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: ITM is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: ITM is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: ITM's revenue (50.6% per year) is forecast to grow faster than the UK market (4.1% per year).
High Growth Revenue: ITM's revenue (50.6% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ITM is forecast to be unprofitable in 3 years.
Discover growth companies
Past Performance
How has ITM Power performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-44.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ITM is currently unprofitable.
Growing Profit Margin: ITM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ITM is unprofitable, and losses have increased over the past 5 years at a rate of 44.8% per year.
Accelerating Growth: Unable to compare ITM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ITM is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (2.1%).
Return on Equity
High ROE: ITM has a negative Return on Equity (-17.03%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is ITM Power's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: ITM's short term assets (£197.5M) exceed its short term liabilities (£33.2M).
Long Term Liabilities: ITM's short term assets (£197.5M) exceed its long term liabilities (£6.0M).
Debt to Equity History and Analysis
Debt Level: ITM is debt free.
Reducing Debt: ITM 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: ITM has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: ITM has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 25.1% each year.
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Dividend
What is ITM Power current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
0.032%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ITM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ITM'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 ITM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ITM's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ITM has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Graham Cooley (58 yo)
13yrs
Tenure
UK£500,000
Compensation
Dr. Graham Edward Cooley, B.Sc. (Hons), M.Phil, Ph. D has been the Chief Executive Officer of ITM Power Plc since June 29, 2009. Dr. Cooley served as the Chief Executive Officer of Universal Sensors Ltd an...
CEO Compensation Analysis
Compensation vs Market: Graham's total compensation ($USD601.50K) is below average for companies of similar size in the UK market ($USD1.98M).
Compensation vs Earnings: Graham's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: ITM's management team is seasoned and experienced (5.4 years average tenure).
Board Members
Experienced Board: ITM's board of directors are considered experienced (4.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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 11.4%.
Top Shareholders
Company Information
ITM Power Plc's employee growth, exchange listings and data sources
Key Information
- Name: ITM Power Plc
- Ticker: ITM
- Exchange: AIM
- Founded: 2001
- Industry: Heavy Electrical Equipment
- Sector: Capital Goods
- Implied Market Cap: UK£1.109b
- Shares outstanding: 613.16m
- Website: https://www.itm-power.com
Number of Employees
Location
- ITM Power Plc
- 2 Bessemer Park
- Shepcote Lane
- Sheffield
- South Yorkshire
- S9 1DZ
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/01 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2021/10/31 |
| Annual Earnings | 2021/04/30 |
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.