AIM:ITM

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Executive Summary

ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, clean fuel production, and renewable chemistry in the United Kingdom, Germany, Italy, rest of Europe, and North America.


Snowflake Analysis

Adequate balance sheet with limited growth.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.8%

ITM

-5.1%

GB Electrical

-0.7%

GB Market


1 Year Return

605.2%

ITM

-15.9%

GB Electrical

-12.7%

GB Market

Return vs Industry: ITM exceeded the UK Electrical industry which returned -23.1% over the past year.

Return vs Market: ITM exceeded the UK Market which returned -16.3% over the past year.


Shareholder returns

ITMIndustryMarket
7 Day-4.8%-5.1%-0.7%
30 Day-5.6%-14.6%-1.3%
90 Day59.2%8.2%4.8%
1 Year605.2%605.2%-15.2%-15.9%-8.8%-12.7%
3 Year847.9%847.9%-35.1%-38.1%-7.7%-19.0%
5 Year992.6%992.6%100.3%-90.9%11.6%-13.3%

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

Valuation

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

11.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ITM (£2.6) is trading above our estimate of fair value (£1.43)

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 (11.5x) compared to the GB Electrical industry average (2.3x).


Next Steps

Future Growth

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

27.8%

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 (50.3% per year) is forecast to grow faster than the UK market (4.4% per year).

High Growth Revenue: ITM's revenue (50.3% 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?

-17.6%

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 17.6% 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 (-11.3%).


Return on Equity

High ROE: ITM has a negative Return on Equity (-18.91%), 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 (£83.6M) exceed its short term liabilities (£18.1M).

Long Term Liabilities: ITM's short term assets (£83.6M) exceed its long term liabilities (£484.0K).


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: Insufficient data to determine if ITM has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ITM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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?

4.0yrs

Average management tenure


CEO

Graham Cooley (56 yo)

11.17yrs

Tenure

UK£398,000

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 ($USD519.12K) is below average for companies of similar size in the UK market ($USD1.88M).

Compensation vs Earnings: Graham's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Graham Cooley
CEO & Executive Director11.17yrsUK£398.00k0.13%
£ 1.6m
Andrew Allen
Finance Director & Executive Director2.25yrsUK£107.00k0.0085%
£ 105.8k
Simon Bourne
CTO & Executive Director10.75yrsUK£269.00k0.014%
£ 179.4k
Rachel Smith
Executive Director4.92yrsUK£149.00k0.013%
£ 166.2k
Nicola Edmonds
Company Secretary & Head of Legal2.33yrsno datano data
Rebecca Markillie
Marketing Manager & PA to CEO4.5yrsno datano data
John Newton
Managing Director of ITM Motive6.83yrsno datano data
Calum McConnell
Managing Director of ITM Power GmbH Germany3.58yrsno datano data
Neil Thompson
Managing Director of ITM Pty Ltd2.67yrsno datano data
Mark Theaker
Head of Procurement1.83yrsno datano data
Duncan Yellen
Managing Director of ITM Motive0.25yrno datano data
Charles Purkess
Business Development Manager4.5yrsno datano data

4.0yrs

Average Tenure

46yo

Average Age

Experienced Management: ITM's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Graham Cooley
CEO & Executive Director11.17yrsUK£398.00k0.13%
£ 1.6m
Andrew Allen
Finance Director & Executive Director2.25yrsUK£107.00k0.0085%
£ 105.8k
Simon Bourne
CTO & Executive Director10.75yrsUK£269.00k0.014%
£ 179.4k
Rachel Smith
Executive Director4.92yrsUK£149.00k0.013%
£ 166.2k
Roger Bone
Independent Non-Executive Chairman0.83yrUK£38.00k0.014%
£ 173.1k
Juergen Nowicki
Non-executive Director0.75yrno datano data
Martin Green
Independent Non-Executive Director0.92yrno datano data
Katherine Louise Roe
Non-Executive Director0.25yrno datano data

0.9yrs

Average Tenure

49yo

Average Age

Experienced Board: ITM's board of directors are not considered experienced ( 0.9 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: ITM 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 47.5%.


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£1.241b
  • Shares outstanding: 478.07m
  • Website: https://www.itm-power.com

Number of Employees


Location

  • ITM Power Plc
  • 22 Atlas Way
  • Sheffield
  • South Yorkshire
  • S4 7QQ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITMP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2004
ITMAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2004
IJ8DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2004

Biography

ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, clean fuel production, and renewable chemistry in the United Kingdom, Germany, Italy, rest of Europe, and North Am ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 22:07
End of Day Share Price2020/08/03 00:00
Earnings2019/10/31
Annual Earnings2019/04/30


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.