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

HYPROO is expensive based on its Price-To-Sales Ratio (1.5x) compared to the peer average (0.7x).

How does HYPROO's PS Ratio compare vs other companies in the GB Machinery Industry?

HYPROO is good value based on its Price-To-Sales Ratio (1.5x) compared to the UK Machinery industry average (2x).

What is HYPROO'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.

Insufficient data to calculate HYPROO's Price-To-Sales Fair Ratio for valuation analysis.

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

HYPROO (NOK13.06) is trading below our estimate of [[fair value]] (NOK336.22)

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

Insufficient data to show price forecast.

HYPROO Stock Overview

Engages in designing and delivering hydrogen technology and systems in Norway, Europe, the United States, and the Asia Pacific. More details

HYPROO fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 96.1% below our estimate of its fair value

Earnings are forecast to grow 96.76% per year

Risk Analysis

Shares are highly illiquid

Shareholders have been diluted in the past year

Does not have a meaningful market cap (NOK750M)

My Notes

Capture your thoughts, links and company narrative

HydrogenPro ASA Competitors

Mincon Group

AIM:MCON

UK£80.7m

Renold

AIM:RNO

UK£94.3m

Trifast

LSE:TRI

UK£116.0m

Avingtrans

AIM:AVG

UK£122.5m

Price History & Performance

Summary of share price highs, lows and changes for HydrogenPro
Historical stock prices
Current Share Price	NOK 13.06
52 Week High	NOK 0
52 Week Low	NOK 0
Beta	0.90
1 Month Change	0%
3 Month Change	-11.10%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	4.73%

Recent updates

Shareholder Returns

	HYPROO	GB Machinery	GB Market
7D	0%	0.6%	1.3%
1Y	n/a	-2.8%	4.3%

Return vs Industry: Insufficient data to determine how HYPROO performed against the UK Machinery industry.

Return vs Market: Insufficient data to determine how HYPROO performed against the UK Market.

Price Volatility

Is HYPROO's price volatile compared to industry and market?
HYPROO volatility
HYPROO Average Weekly Movement	n/a
Machinery Industry Average Movement	3.9%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.5%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: HYPROO has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine HYPROO's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2013	231	Jarle Dragvik	hydrogenpro.com

HydrogenPro ASA engages in designing and delivering hydrogen technology and systems in Norway, Europe, the United States, and the Asia Pacific. It offers high-pressure alkaline electrolyzers. The company serves synthetic aviation fuel, refinery/decarbonization, power to gas, balancing the grid, steel production, fertilizer/ammonia, and shipping markets.

HydrogenPro ASA Fundamentals Summary

How do HydrogenPro's earnings and revenue compare to its market cap?
HYPROO fundamental statistics
Market cap	NOK 750.30m
Earnings (TTM)	-NOK 100.96m
Revenue (TTM)	NOK 488.90m

1.5x

P/S Ratio

-7.4x

P/E Ratio

Is HYPROO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HYPROO income statement (TTM)
Revenue	NOK 488.90m
Cost of Revenue	NOK 385.48m
Gross Profit	NOK 103.42m
Other Expenses	NOK 204.38m
Earnings	-NOK 100.96m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 20, 2024

Earnings per share (EPS)	-1.44
Gross Margin	21.15%
Net Profit Margin	-20.65%
Debt/Equity Ratio	0%

How did HYPROO perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/07/15 08:35
End of Day Share Price	2024/04/17 00:00
Earnings	2024/03/31
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

HydrogenPro ASA is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Paul de Froment	Bryan Garnier & Co
Thomas Mordelle	Bryan Garnier & Co
Espen Fjermestad	Fearnley Securities