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HYPR

HydrogenPro OB:HYPRO Stock Report

Last Price

kr18.74

Market Cap

kr1.1b

7D

6.2%

1Y

-17.4%

Updated

03 Jul, 2022

Data

Company Financials +
HYPRO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

HYPRO Stock Overview

HydrogenPro AS designs and supplies customized hydrogen plants for industrial clients.

HydrogenPro Competitors

Price History & Performance

Summary of all time highs, changes and price drops for HydrogenPro
Historical stock prices
Current Share Pricekr18.74
52 Week Highkr24.20
52 Week Lowkr10.88
Beta0
1 Month Change-0.21%
3 Month Change-0.64%
1 Year Change-17.45%
3 Year Changen/a
5 Year Changen/a
Change since IPO-45.68%

Recent News & Updates

Apr 06
We Think HydrogenPro (OB:HYPRO) Can Afford To Drive Business Growth

We Think HydrogenPro (OB:HYPRO) Can Afford To Drive Business Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, although...

Shareholder Returns

HYPRONO MachineryNO Market
7D6.2%-13.1%-0.2%
1Y-17.4%-36.5%3.0%

Return vs Industry: HYPRO exceeded the Norwegian Machinery industry which returned -36.5% over the past year.

Return vs Market: HYPRO underperformed the Norwegian Market which returned 3% over the past year.

Price Volatility

Is HYPRO's price volatile compared to industry and market?
HYPRO volatility
HYPRO Average Weekly Movement10.4%
Machinery Industry Average Movement9.6%
Market Average Movement7.1%
10% most volatile stocks in NO Market13.1%
10% least volatile stocks in NO Market4.0%

Stable Share Price: HYPRO is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: HYPRO's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
201325Richard Espesethhttps://www.hydrogen-pro.com

HydrogenPro AS designs and supplies customized hydrogen plants for industrial clients. The company primarily provides alkaline high-pressure electrolysers. It also offers containerized solutions for small plants; and indoor installations for medium plants.

HydrogenPro Fundamentals Summary

How do HydrogenPro's earnings and revenue compare to its market cap?
HYPRO fundamental statistics
Market Capkr1.09b
Earnings (TTM)-kr68.96m
Revenue (TTM)kr28.23m

38.5x

P/S Ratio

-15.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HYPRO income statement (TTM)
Revenuekr28.23m
Cost of Revenuekr14.33m
Gross Profitkr13.90m
Other Expenseskr82.86m
Earnings-kr68.96m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 23, 2022

Earnings per share (EPS)-1.19
Gross Margin49.24%
Net Profit Margin-244.31%
Debt/Equity Ratio0%

How did HYPRO perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

HYPRO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue25.6x
Enterprise Value/EBITDA-11.2x
PEG Ration/a

Price to Sales Ratio vs Peers

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

HYPRO PS Ratio vs Peers
The above table shows the PS ratio for HYPRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average13.3x
CAMBI Cambi
1.8x24.1%kr737.4m
TECO TECO 2030
48.8x62.8%kr624.7m
SCANA Scana
1.2xn/akr505.1m
HEX Hexagon Composites
1.4x24.6%kr5.5b
HYPRO HydrogenPro
38.5x54.3%kr1.1b

Price-To-Sales vs Peers: HYPRO is expensive based on its Price-To-Sales Ratio (38.5x) compared to the peer average (13.3x).


Price to Earnings Ratio vs Industry

How does HYPRO's PE Ratio compare vs other companies in the European Machinery Industry?

Price-To-Sales vs Industry: HYPRO is expensive based on its Price-To-Sales Ratio (38.5x) compared to the Norwegian Machinery industry average (1.3x)


Price to Sales Ratio vs Fair Ratio

What is HYPRO'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.

HYPRO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio38.5x
Fair PS Ratio19x

Price-To-Sales vs Fair Ratio: HYPRO is expensive based on its Price-To-Sales Ratio (38.5x) compared to the estimated Fair Price-To-Sales Ratio (19x).


Share Price vs Fair Value

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

Below Fair Value: HYPRO (NOK18.74) is trading below our estimate of fair value (NOK294.27)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HYPRO's PEG Ratio to determine if it is good value.


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Future Growth

How is HydrogenPro forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


103.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HYPRO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).

Earnings vs Market: HYPRO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HYPRO is expected to become profitable in the next 3 years.

Revenue vs Market: HYPRO's revenue (54.3% per year) is forecast to grow faster than the Norwegian market (-0.5% per year).

High Growth Revenue: HYPRO's revenue (54.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HYPRO's Return on Equity is forecast to be low in 3 years time (7.1%).


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Past Performance

How has HydrogenPro performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-53.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HYPRO is currently unprofitable.

Growing Profit Margin: HYPRO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HYPRO is unprofitable, and losses have increased over the past 5 years at a rate of 53.6% per year.

Accelerating Growth: Unable to compare HYPRO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HYPRO is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (52.1%).


Return on Equity

High ROE: HYPRO has a negative Return on Equity (-14.04%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is HydrogenPro's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: HYPRO's short term assets (NOK382.6M) exceed its short term liabilities (NOK14.0M).

Long Term Liabilities: HYPRO's short term assets (NOK382.6M) exceed its long term liabilities (NOK1.4M).


Debt to Equity History and Analysis

Debt Level: HYPRO is debt free.

Reducing Debt: HYPRO had no debt 5 years ago.


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: HYPRO has sufficient cash runway for more than 3 years based on its current free cash flow.

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


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Dividend

What is HydrogenPro current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate HYPRO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HYPRO'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 HYPRO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HYPRO's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as HYPRO has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Richard Espeseth

0.083

Tenure

Mr. Richard Espeseth is board member at HydrogenPro AS since 2013 and its CBDO since September 1, 2020 and since June 22, 2022 serves as its Interim Chief Executive Officer. He founded HydrogenPro in 2013...


Leadership Team

Experienced Management: HYPRO's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: HYPRO's board of directors are not considered experienced ( 0.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

HydrogenPro AS's employee growth, exchange listings and data sources


Key Information

  • Name: HydrogenPro AS
  • Ticker: HYPRO
  • Exchange: OB
  • Founded: 2013
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: kr1.087b
  • Shares outstanding: 58.03m
  • Website: https://www.hydrogen-pro.com

Number of Employees


Location

  • HydrogenPro AS
  • Hydrovegen 6
  • Porsgrunn
  • Telemark
  • 3933
  • Norway

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.