Ceres Power Holdings plc

LSE:CWR Stock Report

Market Cap: UK£265.4m

Ceres Power Holdings Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for CWR. This is calculated by dividing CWR's market cap by their current revenue.
What is CWR's PS Ratio?
PS Ratio6.8x
SalesUK£39.16m
Market CapUK£265.37m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CWR 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
1x2.3%UK£279.4m
LUCE Luceco
1.1x8.0%UK£231.3m
TFW FW Thorpe
2.1xn/aUK£367.3m
DSCV discoverIE Group
1.3x4.7%UK£564.8m
CWR Ceres Power Holdings
6.8x21.3%UK£265.4m

Price-To-Sales vs Peers: CWR is expensive based on its Price-To-Sales Ratio (6.8x) compared to the peer average (1.4x).

Price to Sales Ratio vs Industry

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

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
VLX Volex
0.6x6.5%US$630.85m
XPP XP Power
1x2.3%US$351.72m
DIA Dialight
0.4x5.8%US$65.43m
PODP Pod Point Group Holdings
0.3x12.6%US$23.53m
CWR 6.8xIndustry Avg. 1.1xNo. of Companies7PS048121620+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CWR is expensive based on its Price-To-Sales Ratio (6.8x) compared to the European Electrical industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

What is CWR'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.

CWR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.8x
Fair PS Ratio4.8x

Price-To-Sales vs Fair Ratio: CWR is expensive based on its Price-To-Sales Ratio (6.8x) 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 CWR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.37
UK£4.02
+193.2%
53.8%UK£7.65UK£1.15n/a12
Feb ’26UK£1.56
UK£4.02
+157.3%
53.8%UK£7.65UK£1.15n/a12
Jan ’26UK£1.71
UK£4.12
+140.8%
50.8%UK£7.65UK£1.15n/a12
Dec ’25UK£1.66
UK£4.14
+149.4%
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£2.70
UK£4.31
+59.9%
47.7%UK£7.65UK£1.60n/a11
Sep ’25UK£1.86
UK£3.95
+111.9%
53.7%UK£7.65UK£1.25n/a12
Aug ’25UK£2.12
UK£3.86
+82.0%
52.3%UK£7.65UK£1.25n/a13
Jul ’25UK£1.91
UK£3.82
+100.2%
52.0%UK£7.65UK£1.25n/a13
Jun ’25UK£2.17
UK£3.90
+80.0%
49.7%UK£7.65UK£1.25n/a14
May ’25UK£1.65
UK£3.96
+140.7%
49.3%UK£7.65UK£1.25n/a14
Apr ’25UK£1.42
UK£4.08
+186.4%
50.3%UK£8.00UK£1.25n/a14
Mar ’25UK£1.74
UK£4.08
+134.4%
50.3%UK£8.00UK£1.25n/a14
Feb ’25UK£2.10
UK£4.49
+114.2%
44.5%UK£8.00UK£1.60UK£1.5611
Jan ’25UK£1.83
UK£5.36
+193.2%
50.4%UK£10.15UK£2.00UK£1.7111
Dec ’24UK£1.74
UK£5.68
+225.9%
49.9%UK£10.15UK£2.00UK£1.6610
Nov ’24UK£2.03
UK£6.32
+211.9%
42.1%UK£10.35UK£2.00UK£2.0111
Oct ’24UK£3.14
UK£7.18
+128.8%
27.2%UK£10.35UK£4.40UK£2.7011
Sep ’24UK£3.34
UK£7.24
+116.9%
30.9%UK£11.40UK£3.65UK£1.8613
Aug ’24UK£3.58
UK£7.28
+103.1%
31.3%UK£11.40UK£3.65UK£2.1213
Jul ’24UK£3.04
UK£7.49
+146.6%
32.8%UK£12.00UK£3.65UK£1.9113
Jun ’24UK£2.94
UK£7.49
+154.3%
32.8%UK£12.00UK£3.65UK£2.1713
May ’24UK£3.49
UK£7.87
+125.3%
36.4%UK£13.00UK£3.65UK£1.6513
Apr ’24UK£3.91
UK£8.02
+105.2%
35.7%UK£13.00UK£3.65UK£1.4212
Mar ’24UK£4.35
UK£8.46
+94.5%
40.6%UK£15.60UK£3.65UK£1.7412
Feb ’24UK£4.73
UK£8.58
+81.3%
40.1%UK£15.60UK£3.65UK£2.1012
Analyst Price Target
Consensus Narrative from 12 Analysts
UK£4.02
Fair Value
65.9% undervalued intrinsic discount
12
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 Analysis2025/02/15 00:55
End of Day Share Price 2025/02/14 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.

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

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