Ceres Power Holdings plc

BATS-CHIXE:CWRL Stock Report

Market Cap: UK£334.5m

Ceres Power Holdings Valuation

Is CWRL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CWRL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate CWRL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CWRL's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CWRL?

Key metric: As CWRL is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CWRL. This is calculated by dividing CWRL's market cap by their current revenue.
What is CWRL's PS Ratio?
PS Ratio8.5x
SalesUK£39.16m
Market CapUK£334.52m

Price to Sales Ratio vs Peers

How does CWRL's PS Ratio compare to its peers?

The above table shows the PS ratio for CWRL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.4x
XPP XP Power
1.1x3.2%UK£318.7m
TFW FW Thorpe
2.1xn/aUK£375.5m
LUCE Luceco
0.9x8.2%UK£198.6m
DSCV discoverIE Group
1.6x4.0%UK£681.0m
CWRL Ceres Power Holdings
8.5x20.9%UK£334.5m

Price-To-Sales vs Peers: CWRL is expensive based on its Price-To-Sales Ratio (8.5x) compared to the peer average (1.4x).

Price to Sales Ratio vs Industry

How does CWRL's PS Ratio compare vs other companies in the GB Electrical Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
VLX Volex
0.6x6.6%US$637.99m
XPP XP Power
1.1x3.2%US$400.56m
LUCE Luceco
0.9x8.2%US$249.71m
DWHT Dewhurst Group
1.2xn/aUS$74.63m
No. of Companies11PS0612182430+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CWRL is expensive based on its Price-To-Sales Ratio (8.5x) compared to the European Electrical industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is CWRL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CWRL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8.5x
Fair PS Ratio4.8x

Price-To-Sales vs Fair Ratio: CWRL is expensive based on its Price-To-Sales Ratio (8.5x) compared to the estimated Fair Price-To-Sales Ratio (4.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CWRL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.72
UK£4.12
+138.8%
50.8%UK£7.65UK£1.15n/a12
Dec ’25UK£1.66
UK£4.14
+150.2%
50.3%UK£7.65UK£1.15n/a12
Nov ’25UK£2.01
UK£4.08
+103.0%
52.4%UK£7.65UK£1.15n/a12
Oct ’25UK£2.69
UK£4.31
+60.2%
47.7%UK£7.65UK£1.60n/a11
Sep ’25UK£1.88
UK£3.95
+109.7%
53.7%UK£7.65UK£1.25n/a12
Aug ’25UK£2.16
UK£3.86
+78.7%
52.3%UK£7.65UK£1.25n/a13
Jul ’25UK£1.89
UK£3.82
+102.4%
52.0%UK£7.65UK£1.25n/a13
Jun ’25UK£2.20
UK£3.90
+77.4%
49.7%UK£7.65UK£1.25n/a14
May ’25UK£1.67
UK£3.96
+137.8%
49.3%UK£7.65UK£1.25n/a14
Apr ’25UK£1.42
UK£4.08
+187.8%
50.3%UK£8.00UK£1.25n/a14
Mar ’25UK£1.73
UK£4.08
+135.7%
50.3%UK£8.00UK£1.25n/a14
Feb ’25UK£2.09
UK£4.49
+114.6%
44.5%UK£8.00UK£1.60n/a11
Jan ’25UK£1.83
UK£5.36
+193.2%
50.4%UK£10.15UK£2.00n/a11
Dec ’24UK£1.75
UK£5.68
+225.5%
49.9%UK£10.15UK£2.00UK£1.6610
Nov ’24UK£2.00
UK£6.32
+216.0%
42.1%UK£10.35UK£2.00UK£2.0111
Oct ’24UK£3.18
UK£7.18
+125.9%
27.2%UK£10.35UK£4.40UK£2.6911
Sep ’24UK£3.32
UK£7.24
+118.3%
30.9%UK£11.40UK£3.65UK£1.8813
Aug ’24UK£3.57
UK£7.28
+103.7%
31.3%UK£11.40UK£3.65UK£2.1613
Jul ’24n/a
UK£7.49
0%
32.8%UK£12.00UK£3.65UK£1.8913
Jun ’24n/a
UK£7.49
0%
32.8%UK£12.00UK£3.65UK£2.2013
May ’24n/a
UK£7.87
0%
36.4%UK£13.00UK£3.65UK£1.6713
Apr ’24n/a
UK£8.02
0%
35.7%UK£13.00UK£3.65UK£1.4212
Mar ’24n/a
UK£8.46
0%
40.6%UK£15.60UK£3.65UK£1.7312
Feb ’24n/a
UK£8.58
0%
40.1%UK£15.60UK£3.65UK£2.0912
Jan ’24n/a
UK£9.16
0%
40.2%UK£15.60UK£3.65UK£1.8313
Dec ’23n/a
UK£9.34
0%
37.2%UK£15.60UK£3.65UK£1.7513

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 00:26
End of Day Share Price 2024/12/27 00:00
Earnings2024/06/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ceres Power Holdings plc is covered by 23 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James CarmichaelBerenberg
Jean-Baptiste RollandBofA Global Research
Thomas MordelleBryan Garnier & Co