ITM Power Plc

OTCPK:ITMP.F Stock Report

Market Cap: US$539.4m

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 Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

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

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

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 Ratio15.4x
SalesUK£26.04m
Market CapUK£401.29m

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 Average4.2x
BW Babcock & Wilcox Enterprises
1.3x4.65%US$935.5m
PSIX Power Solutions International
2.6x17.57%US$1.8b
NRGV Energy Vault Holdings
11.4x22.57%US$959.8m
CGEH Capstone Green Energy Holdings
1.4x17.72%US$141.3m
ITMP.F ITM Power
15.4x28.32%US$401.3m

Price-To-Sales vs Peers: ITMP.F is expensive based on its Price-To-Sales Ratio (15.4x) compared to the peer average (4.2x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

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

23 CompaniesPrice / SalesEstimated GrowthMarket Cap
CHPT ChargePoint Holdings
0.4x13.95%US$165.10m
ULBI Ultralife
0.6xn/aUS$110.38m
BWEN Broadwind
0.5x1.93%US$82.83m
CBAT CBAK Energy Technology
0.5x61.20%US$76.30m
ITMP.F 15.4xIndustry Avg. 2.2xNo. of Companies23PS02.44.87.29.612+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ITMP.F is expensive based on its Price-To-Sales Ratio (15.4x) compared to the US Electrical industry average (2.2x).

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 Ratio15.4x
Fair PS Ratio0.07x

Price-To-Sales vs Fair Ratio: ITMP.F is expensive based on its Price-To-Sales Ratio (15.4x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

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$0.89
US$1.32
+49.05%
70.66%US$4.16US$0.71n/a11
Jan ’27US$0.84
US$1.33
+57.14%
70.66%US$4.18US$0.71n/a11
Dec ’26US$0.93
US$1.29
+38.48%
70.91%US$4.06US$0.67n/a11
Nov ’26US$1.06
US$1.31
+23.97%
70.91%US$4.15US$0.68n/a11
Oct ’26US$1.04
US$1.32
+27.08%
70.91%US$4.17US$0.69n/a11
Sep ’26US$0.91
US$1.23
+35.19%
79.32%US$4.20US$0.54n/a11
Aug ’26US$0.79
US$1.11
+39.70%
87.47%US$4.11US$0.48n/a11
Jul ’26US$1.00
US$1.06
+6.48%
89.41%US$4.26US$0.33n/a13
Jun ’26US$0.76
US$1.00
+32.29%
89.01%US$4.20US$0.33n/a15
May ’26US$0.43
US$0.97
+127.42%
90.05%US$4.12US$0.32n/a15
Apr ’26US$0.35
US$1.00
+186.39%
85.68%US$4.01US$0.31n/a17
Mar ’26US$0.35
US$0.98
+181.12%
85.68%US$3.93US$0.30n/a17
Feb ’26US$0.47
US$0.80
+70.52%
50.17%US$2.11US$0.30n/a17
Jan ’26US$0.43
US$0.86
+99.36%
44.85%US$2.13US$0.30US$0.8417
Dec ’25US$0.43
US$0.97
+127.65%
42.69%US$2.13US$0.50US$0.9315
Nov ’25US$0.54
US$1.02
+88.41%
40.91%US$2.21US$0.52US$1.0615
Oct ’25US$0.66
US$1.04
+58.14%
39.67%US$2.23US$0.59US$1.0415
Sep ’25US$0.66
US$1.09
+65.28%
37.50%US$2.23US$0.59US$0.9115
Aug ’25US$0.67
US$1.19
+78.90%
47.49%US$2.56US$0.59US$0.7915
Jul ’25US$0.62
US$1.18
+91.22%
48.06%US$2.53US$0.58US$1.0016
Jun ’25US$0.81
US$1.24
+52.43%
44.64%US$2.53US$0.58US$0.7616
May ’25US$0.62
US$1.24
+99.83%
44.59%US$2.53US$0.58US$0.4318
Apr ’25US$0.69
US$1.20
+75.01%
45.17%US$2.51US$0.58US$0.3519
Mar ’25US$0.69
US$1.21
+76.36%
44.19%US$2.54US$0.58US$0.3520
Feb ’25US$0.79
US$1.28
+62.60%
43.93%US$2.55US$0.59US$0.4718
Jan ’25US$0.78
US$1.37
+74.10%
52.31%US$3.14US$0.63US$0.4318
US$1.34
Fair Value
34.0% undervalued intrinsic discount
11
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 Analysis2026/01/20 09:33
End of Day Share Price 2026/01/16 00:00
Earnings2025/04/30
Annual Earnings2025/04/30

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

ITM Power Plc is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tom McColmAllenby Capital Limited
Jesús Gómez DominguezBanco Santander
Alex SmithBerenberg