Plug Power Inc.

BATS-CHIXE:PLUND Stock Report

Market Cap: €1.4b

Plug Power Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 PLUND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€13.60
Fair Value
88.9% undervalued intrinsic discount
22
Number of Analysts

Below Fair Value: PLUND (€1.51) is trading below our estimate of fair value (€13.6)

Significantly Below Fair Value: PLUND is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PLUND. This is calculated by dividing PLUND's market cap by their current revenue.
What is PLUND's PS Ratio?
PS Ratio2.5x
SalesUS$628.81m
Market CapUS$1.55b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PLUND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
DSCV discoverIE Group
1.2x4.7%UK£516.8m
VLX Volex
0.6x6.4%UK£515.0m
TFW FW Thorpe
2xn/aUK£355.5m
XPP XP Power
1x4.2%UK£254.7m
PLUND Plug Power
2.5x22.0%€1.5b

Price-To-Sales vs Peers: PLUND is expensive based on its Price-To-Sales Ratio (2.5x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

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

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
VLX Volex
0.6x6.4%US$667.07m
LUCE Luceco
1x8.0%US$274.48m
DIA Dialight
0.4x5.8%US$67.07m
PODP Pod Point Group Holdings
0.3x12.6%US$20.09m
No. of Companies7PS048121620+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PLUND is expensive based on its Price-To-Sales Ratio (2.5x) compared to the European Electrical industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is PLUND'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.

PLUND PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.5x
Fair PS Ration/a

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

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 PLUND forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.51
€2.14
+41.1%
48.2%€4.58€0.92n/a22
Mar ’26n/a
€2.61
0%
44.1%€4.81€0.96n/a22
Feb ’26n/a
€2.61
0%
44.1%€4.81€0.96n/a22
Jan ’26n/a
€2.58
0%
43.6%€4.72€1.32n/a21
Dec ’25n/a
€2.58
0%
43.6%€4.72€1.32n/a21
Nov ’25n/a
€3.63
0%
86.2%€16.64€1.39n/a23
Oct ’25n/a
€3.60
0%
83.3%€16.18€1.35n/a23
Sep ’25n/a
€3.60
0%
83.3%€16.18€1.35n/a23
Aug ’25n/a
€4.26
0%
70.7%€16.53€1.38n/a24
Jul ’25n/a
€4.41
0%
66.7%€16.55€1.84n/a24
Jun ’25n/a
€4.41
0%
66.7%€16.55€1.84n/a24
May ’25n/a
€4.66
0%
61.9%€16.58€1.84n/a25
Apr ’25n/a
€4.73
0%
60.1%€16.63€2.31n/a25
Mar ’25n/a
€4.87
0%
59.9%€16.61€2.31n/a24
Feb ’25n/a
€5.49
0%
60.6%€16.56€2.30n/a25
Jan ’25n/a
€7.44
0%
64.6%€22.59€2.08n/a25
Dec ’24n/a
€7.80
0%
59.2%€22.84€3.20n/a26
Nov ’24n/a
€13.89
0%
48.8%€34.85€6.12n/a29
Oct ’24n/a
€16.29
0%
77.0%€73.78€7.09n/a29
Sep ’24n/a
€16.43
0%
74.6%€71.89€6.91n/a29
Aug ’24n/a
€17.11
0%
68.0%€70.51€8.14n/a29
Jul ’24n/a
€17.17
0%
70.1%€71.15€6.84n/a28
Jun ’24n/a
€17.71
0%
70.1%€72.70€6.99n/a28
May ’24n/a
€21.63
0%
52.4%€71.10€9.12n/a28
Apr ’24n/a
€24.03
0%
45.3%€73.75€12.29n/a30
Mar ’24n/a
€24.89
0%
42.0%€72.99€12.17n/a30
Analyst Price Target
Consensus Narrative from 22 Analysts
€2.12
Fair Value
28.5% undervalued intrinsic discount
22
Number of Analysts

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 Analysis2025/03/11 17:54
End of Day Share Price 2025/03/11 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Plug Power Inc. is covered by 47 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Moses SuttonBarclays
Moses SuttonBarclays