ITM Power Plc

OTCPK:ITMP.F Stock Report

Market Cap: US$272.8m

ITM Power Valuation

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

Below Fair Value: ITMP.F ($0.44) is trading above our estimate of fair value ($0.19)

Significantly Below Fair Value: ITMP.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ITMP.F?

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

The above table shows the Price to Sales ratio for ITMP.F. This is calculated by dividing ITMP.F's market cap by their current revenue.
What is ITMP.F's PS Ratio?
PS Ratio13.2x
SalesUK£16.51m
Market CapUK£217.69m

Price to Sales Ratio vs Peers

How does ITMP.F's PS Ratio compare to its peers?

The above table shows the PS ratio for ITMP.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.4x
BW Babcock & Wilcox Enterprises
0.2x-0.03%US$179.2m
NRGV Energy Vault Holdings
1.8x69.9%US$241.9m
PPSI Pioneer Power Solutions
2x-1.6%US$68.4m
PSIX Power Solutions International
1.7x11.1%US$753.2m
ITMP.F ITM Power
13.2x39.2%US$217.7m

Price-To-Sales vs Peers: ITMP.F is expensive based on its Price-To-Sales Ratio (13.2x) compared to the peer average (1.4x).

Price to Sales Ratio vs Industry

How does ITMP.F's PS Ratio compare vs other companies in the US Electrical Industry?

20 CompaniesPrice / SalesEstimated GrowthMarket Cap
BW Babcock & Wilcox Enterprises
0.2x-0.03%US$179.20m
TPIC TPI Composites
0.07x13.5%US$96.08m
CBAT CBAK Energy Technology
0.4x21.1%US$80.04m
STEM Stem
0.2x31.0%US$63.77m
ITMP.F 13.2xIndustry Avg. 1.9xNo. of Companies20PS0246810+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ITMP.F is expensive based on its Price-To-Sales Ratio (13.2x) compared to the US Electrical industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is ITMP.F'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.

ITMP.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio13.2x
Fair PS Ratio0.04x

Price-To-Sales vs Fair Ratio: ITMP.F is expensive based on its Price-To-Sales Ratio (13.2x) compared to the estimated Fair Price-To-Sales Ratio (0x).

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 ITMP.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.44
US$0.98
+123.2%
42.0%US$2.16US$0.51n/a15
Nov ’25US$0.54
US$1.02
+88.4%
40.9%US$2.21US$0.52n/a15
Oct ’25US$0.66
US$1.04
+58.1%
39.7%US$2.23US$0.59n/a15
Sep ’25US$0.66
US$1.09
+65.3%
37.5%US$2.23US$0.59n/a15
Aug ’25US$0.67
US$1.19
+78.9%
47.5%US$2.56US$0.59n/a15
Jul ’25US$0.62
US$1.18
+91.2%
48.1%US$2.53US$0.58n/a16
Jun ’25US$0.81
US$1.24
+52.4%
44.6%US$2.53US$0.58n/a16
May ’25US$0.62
US$1.24
+99.8%
44.6%US$2.53US$0.58n/a18
Apr ’25US$0.69
US$1.20
+75.0%
45.2%US$2.51US$0.58n/a19
Mar ’25US$0.69
US$1.21
+76.4%
44.2%US$2.54US$0.58n/a20
Feb ’25US$0.79
US$1.28
+62.6%
43.9%US$2.55US$0.59n/a18
Jan ’25US$0.78
US$1.37
+74.1%
52.3%US$3.14US$0.63n/a18
Dec ’24US$0.63
US$1.43
+126.6%
47.0%US$3.13US$0.69n/a18
Nov ’24US$0.79
US$1.53
+94.3%
54.1%US$3.77US$0.67US$0.5419
Oct ’24US$0.90
US$2.01
+123.8%
76.4%US$7.43US$0.74US$0.6618
Sep ’24US$1.04
US$1.98
+89.9%
77.5%US$7.66US$0.77US$0.6620
Aug ’24US$1.16
US$2.04
+75.5%
77.1%US$7.80US$0.79US$0.6720
Jul ’24US$0.90
US$2.02
+124.9%
76.2%US$7.65US$0.78US$0.6220
Jun ’24US$0.87
US$2.00
+129.9%
75.5%US$7.52US$0.76US$0.8120
May ’24US$0.99
US$2.18
+120.6%
70.9%US$7.46US$0.76US$0.6221
Apr ’24US$1.06
US$2.21
+108.2%
68.5%US$7.39US$0.86US$0.6921
Mar ’24US$1.18
US$2.18
+85.6%
67.8%US$7.23US$0.84US$0.6921
Feb ’24US$1.30
US$2.25
+72.8%
68.4%US$7.40US$0.86US$0.7920
Jan ’24US$1.16
US$2.60
+124.2%
76.6%US$7.58US$0.83US$0.7821
Dec ’23US$1.28
US$2.60
+103.2%
76.6%US$7.58US$0.83US$0.6321
Nov ’23US$1.05
US$3.22
+208.5%
68.5%US$7.45US$0.81US$0.7920

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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