Company Valuation: ITM Power Plc

Data adjusted to current consolidation scope
Fiscal Period: April 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,866 2,032 481.7 314.3 190.5 385.9 - -
Change - -29.1% -76.29% -34.75% -39.4% 102.59% - -
Enterprise Value (EV) 1 2,690 1,666 199.2 83.95 -16.58 217.6 252.5 270.4
Change - -38.06% -88.05% -57.85% -119.75% 1,412.3% 16.02% 7.1%
P/E ratio -94.6x -40.9x -4.74x -11.6x -4.41x -12.8x -16.1x -32.6x
PBR 14.5x 5.14x 1.63x 1.17x 0.85x 2.02x 2.25x 2.36x
PEG - -0.9x -0x 0.2x -0.1x 0.4x 0.8x 0.6x
Capitalization / Revenue 670x 361x 92.1x 19x 7.31x 9.52x 5.44x 4.24x
EV / Revenue 629x 296x 38.1x 5.09x -0.64x 5.37x 3.56x 2.97x
EV / EBITDA -126x -41.9x -2.11x -2.76x 0.5x -8.16x -11.6x -28.6x
EV / EBIT -101x -37.2x -1.92x -2.21x 0.4x -5.99x -8.26x -16.7x
EV / FCF -74.5x -39.3x -2.46x -1.34x 0.58x -5.95x -5.62x -8.36x
FCF Yield -1.34% -2.54% -40.7% -74.5% 172% -16.8% -17.8% -12%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.055 -0.081 -0.165 -0.044 -0.07 -0.0488 -0.0387 -0.0192
Distribution rate - - - - - - - -
Net sales 1 4.275 5.627 5.229 16.51 26.04 40.52 70.88 90.96
EBITDA 1 -21.4 -39.77 -94.22 -30.39 -33.03 -26.65 -21.69 -9.463
EBIT 1 -26.66 -44.74 -103.7 -38.01 -41.45 -36.31 -30.58 -16.18
Net income 1 -27.7 -46.69 -101.2 -27.22 -45.52 -30.33 -24.19 -12.84
Net Debt 1 -176.1 -365.9 -282.6 -230.3 -207 -168.3 -133.4 -115.5
Reference price 2 5.2050 3.3140 0.7818 0.5095 0.3085 0.6250 0.6250 0.6250
Nbr of stocks (in thousands) 550,658 613,158 616,158 616,882 617,371 617,371 - -
Announcement Date 9/13/21 9/14/22 8/17/23 8/15/24 8/14/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-12.79x5.37x-8.16x-.--% 517M
53.65x4.57x35.4x0.23% 213B
22.82x9.36x15.47x2.73% 190B
19.58x3.84x11.1x3.77% 149B
29.31x3.72x17.28x0.54% 115B
13.8x1.91x6.7x5.15% 109B
21.3x6.07x13.27x3.12% 109B
19.67x5.85x11.49x3.31% 103B
20.85x5.25x12.4x2.95% 71.32B
17.6x6.33x12.83x4.22% 55.57B
Average 20.58x 5.23x 12.78x 2.6% 111.56B
Weighted average by Cap. 27.21x 5.33x 17.09x 2.58%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. ITM Stock
  4. Valuation ITM Power Plc