Assessing Amprius Technologies’s Valuation Following Launch of Korea Battery Alliance and Global Expansion Push

Amprius Technologies (AMPX) has taken a meaningful step in its global strategy with the launch of the Amprius Korea Battery Alliance. By joining forces with battery industry leaders in South Korea, Amprius is accelerating its international manufacturing network and building supply chain partnerships.

See our latest analysis for Amprius Technologies.

After a blistering year-to-date share price return of 260.14%, Amprius Technologies has shown tremendous momentum. Recent weeks saw some cooling with a 15.64% 1-month share price return and a sharp drop over the last seven days. Still, long-term investors are looking at an astounding 1-year total shareholder return of 420.20%, suggesting optimism remains high despite short-term pullbacks.

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With such rapid gains and expanding industry partnerships, the key question for investors is whether Amprius Technologies’ extraordinary growth is fully reflected in its current share price, or if a genuine buying opportunity still exists.

Most Popular Narrative: 32.8% Undervalued

With Amprius Technologies’ latest closing price of $10.30 well below the most widely followed fair value estimate, the narrative spotlights a valuation gap fueled by expectations of rapid growth and technological leadership. This creates high stakes for management to deliver as the company continues its aggressive global push.

The industry's increasing need for lightweight, high-energy-density battery solutions (for drones, electric aviation, and next-gen vehicles) enables Amprius to maintain premium pricing and outperform on gross and net margins due to its demonstrated product performance advantages. This is evidenced by record energy density and recent customer wins (e.g., AALTO/Airbus and U.S. Army).

Read the complete narrative.

Want to understand what’s fueling this bullish disconnect? Behind the scenes are sky-high revenue forecasts, fatter margins, and a future profit multiple that demands close scrutiny. Craving details on the bold projections that power this valuation? Jump into the narrative to see what’s really driving the fair value math.

Result: Fair Value of $15.33 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, concentrated exposure to drone and aviation markets, along with the hurdles of expanding new production capacity, could quickly disrupt the current optimistic outlook.

Find out about the key risks to this Amprius Technologies narrative.

Another View: Multiples Tell a Different Story

Looking through a multiples lens, Amprius Technologies trades at a price-to-sales ratio of 23x, which is far above the U.S. Electrical industry average of 1.8x and its listed peers’ average of 23.2x. Notably, the fair ratio stands at just 2.6x, suggesting investors are paying a steep premium based on future growth hopes. Does this signal untapped upside, or is it a warning about valuation risk if expectations shift?

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own Amprius Technologies Narrative

If you’re curious to see the story from your own perspective or want to dig deeper into the numbers, you can create your own narrative and see what you uncover in just a few minutes, all at your own pace. Do it your way

A great starting point for your Amprius Technologies research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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