ITM Power
Market Cap
UK£3.0b
Last Updated
2021/03/03 19:09 UTC
Data Sources
Company Financials +
Executive Summary
ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, transportation, and industrial sectors in the United Kingdom, Germany, France, Italy, the Netherlands, and the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with excellent balance sheet.
Similar Companies
Share Price & News
How has ITM Power's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ITM is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: ITM's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of UK stocks.
Market Performance
7 Day Return
-4.5%
ITM
-4.6%
GB Electrical
0.3%
GB Market
1 Year Return
266.2%
ITM
132.2%
GB Electrical
0.8%
GB Market
Return vs Industry: ITM exceeded the UK Electrical industry which returned 132.9% over the past year.
Return vs Market: ITM exceeded the UK Market which returned 1.1% over the past year.
Shareholder returns
| ITM | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.5% | -4.6% | 0.3% |
| 30 Day | -11.3% | -8.8% | 3.2% |
| 90 Day | 41.2% | 27.4% | 4.5% |
| 1 Year | 266.2%266.2% | 133.5%132.2% | 6.7%0.8% |
| 3 Year | 1,503.1%1,503.1% | 282.5%268.1% | 11.5%-1.9% |
| 5 Year | 3,210.6%3,210.6% | 442.0%411.9% | 41.8%14.5% |
Long-Term Price Volatility Vs. Market
How volatile is ITM Power's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Should You Worry About ITM Power Plc's (LON:ITM) CEO Pay?1 year ago | Simply Wall St
Does This Valuation Of ITM Power Plc (LON:ITM) Imply Investors Are Overpaying?1 year ago | Simply Wall St
ITM Power Plc (LON:ITM): When Will It Breakeven?Valuation
Is ITM Power undervalued compared to its fair value and its price relative to the market?
53.04x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: ITM (£5.09) is trading above our estimate of fair value (£0.58)
Significantly Below Fair Value: ITM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ITM is unprofitable, so we can't compare its PE Ratio to the GB Electrical industry average.
PE vs Market: ITM 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 ITM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ITM is overvalued based on its PB Ratio (53x) compared to the GB Electrical industry average (3x).
Next Steps
Future Growth
How is ITM Power forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
61.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ITM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).
Earnings vs Market: ITM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ITM's is expected to become profitable in the next 3 years.
Revenue vs Market: ITM's revenue (62.8% per year) is forecast to grow faster than the UK market (7.3% per year).
High Growth Revenue: ITM's revenue (62.8% 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.
Next Steps
Past Performance
How has ITM Power performed over the past 5 years?
-48.9%
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 48.9% 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 (20.1%).
Return on Equity
High ROE: ITM has a negative Return on Equity (-69.52%), as it is currently unprofitable.
Next Steps
Financial Health
How is ITM Power's financial position?
Financial Position Analysis
Short Term Liabilities: ITM's short term assets (£50.5M) exceed its short term liabilities (£20.7M).
Long Term Liabilities: ITM's short term assets (£50.5M) exceed its long term liabilities (£6.3M).
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ITM has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 22.3% each year.
Next Steps
Dividend
What is ITM Power current dividend yield, its reliability and sustainability?
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.
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 ITM'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?
4.6yrs
Average management tenure
CEO
Graham Cooley (56 yo)
11.75yrs
Tenure
UK£346,000
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 ($USD483.97K) is below average for companies of similar size in the UK market ($USD2.06M).
Compensation vs Earnings: Graham's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 11.75yrs | UK£346.00k | 0.13% £ 3.8m | |
| Finance Director & Executive Director | 2.83yrs | UK£137.00k | 0.0086% £ 253.4k | |
| CTO & Executive Director | 11.33yrs | UK£243.00k | 0.015% £ 428.8k | |
| Executive Director | 5.5yrs | UK£154.00k | 0.013% £ 378.8k | |
| Company Secretary & Head of Legal | 2.92yrs | no data | no data | |
| Marketing Manager & PA to CEO | 5.08yrs | no data | no data | |
| Managing Director of ITM Motive | 7.42yrs | no data | no data | |
| Managing Director of ITM Power GmbH Germany | 4.17yrs | no data | no data | |
| Managing Director of ITM Pty Ltd | 3.25yrs | no data | no data | |
| Head of Procurement | 2.42yrs | no data | no data | |
| Managing Director of ITM Motive | 0.83yr | no data | no data | |
| Business Development Manager | 5.08yrs | no data | no data |
4.6yrs
Average Tenure
46.5yo
Average Age
Experienced Management: ITM's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 11.75yrs | UK£346.00k | 0.13% £ 3.8m | |
| Finance Director & Executive Director | 2.83yrs | UK£137.00k | 0.0086% £ 253.4k | |
| CTO & Executive Director | 11.33yrs | UK£243.00k | 0.015% £ 428.8k | |
| Executive Director | 5.5yrs | UK£154.00k | 0.013% £ 378.8k | |
| Independent Non-Executive Chairman | 1.42yrs | UK£58.00k | 0.051% £ 1.5m | |
| Independent Non-executive Director | 1.33yrs | no data | no data | |
| Non-Executive Director | 0.25yr | no data | no data | |
| Independent Non-Executive Director | 1.5yrs | UK£30.00k | 0.010% £ 297.2k | |
| Independent Non-Executive Director | 0.83yr | no data | 0.0014% £ 41.1k |
1.5yrs
Average Tenure
54yo
Average Age
Experienced Board: ITM's board of directors are not considered experienced ( 1.5 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: 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 16.4%.
Top Shareholders
Company Information
ITM Power Plc's company bio, 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
- Market Cap: UK£2.957b
- Shares outstanding: 550.66m
- Website: https://www.itm-power.com
Number of Employees
Location
- ITM Power Plc
- 22 Atlas Way
- Sheffield
- South Yorkshire
- S4 7QQ
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ITMP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2004 |
| ITM | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Jun 2004 |
| IJ8 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jun 2004 |
Biography
ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, transportation, and industrial sectors in the United Kingdom, Germany, France, Italy, the Netherlands, and the Uni...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 19:09 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/10/31 |
| Annual Earnings | 2020/04/30 |
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.