ITM POWER ORD GBP0.05
Symbol: ITM
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Company
Business Summary
ITM Power PLC is a United Kingdom-based company, which designs and manufactures electrolysis based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and water. The Company makes electrolyzes in a range of sizes to suit its customers needs from two megawatts (MW) to projects in excess of 100 MW. Its electrolyze products include TRIDENT, NEPTUNE and POSEIDON. TRIDENT is a PEM electrolyzer stack technology. TRIDENT is a 2 MW electrolyzer skid based on its 30 bar stacks. NEPTUNE is a fully autonomous electrolyzer system. Supplied with a power conversion system and incorporating all necessary balance of the plant, the electrolyzer can be readily deployed as a complete package. POSEIDON is a 20 MW module for large-scale projects. POSEIDON is a modular building block enabling scale up with an optimized footprint. Suitable for both indoor and outdoor installation, it consists of skid-mounted units which can be prefabricated and pre-tested.
Financial Summary
BRIEF: For the six months ended 31 October 2024, ITM Power plc revenues increased 75% to £15.5M. Net loss increased 88% to £28.9M. Revenues reflect Chemical Industry segment increase from £4.2M to £13.9M, Power-to gas segment increase from £19K to £74K, Germany segment increase from £2.6M to £12M. Higher net loss reflects Interest Income - Non Bank decrease of 12% to £5.5M (income), Finance costs increase of 69% to £499K (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
30/04/2024 |
30/04/2023 |
30/04/2022 |
30/04/2021 |
30/04/2020 |
30/04/2019 |
---|---|---|---|---|---|---|
Total Revenue | 16.51 | 5.23 | 5.63 | 4.28 | 3.29 | 4.59 |
Gross profit | -16.66 | -79.07 | -23.48 | -6.51 | -5.83 | -1.17 |
Operating Profit/Loss | -38.34 | -103.71 | -46.45 | -26.66 | -29.40 | -9.35 |
Profit Before Tax | -27.06 | -101.17 | -46.66 | -27.65 | -29.52 | -9.32 |
Profit After Tax | -27.22 | -101.20 | -46.69 | -27.70 | -29.56 | -9.45 |
Equity Holders of Parent Company | -27.22 | -101.20 | -46.69 | -27.70 | -29.56 | -9.45 |
Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
30/04/2024 |
30/04/2023 |
30/04/2022 |
30/04/2021 |
30/04/2020 |
30/04/2019 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 52.28 | 39.45 | 34.54 | 23.59 | 15.66 | 6.41 |
Total Current Assets | 329.51 | 362.87 | 423.62 | 205.48 | 67.52 | 38.98 |
Total Assets | 381.78 | 402.32 | 458.17 | 229.07 | 83.18 | 45.39 |
Total Liabilities | 113.06 | 106.81 | 63.21 | 31.62 | 27.43 | 19.18 |
Total Net Assets | 268.72 | 295.51 | 394.95 | 197.45 | 55.75 | 26.21 |
Shareholders Funds | 268.72 | 295.51 | 394.95 | 197.45 | 55.75 | 26.21 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 268.72 | 295.51 | 394.95 | 197.45 | 55.75 | 26.21 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy5 |
Buy2 |
Neutral7 |
Sell4 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 5 | 2 | 7 | 4 | 0 |
Consensus |
ConsensusNeutral |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2025 | 2026 | 2027 |
---|---|---|---|
Revenue | £21.82mn | £58.56mn | £97.54mn |
Pre-tax-Profit | -£44.00mn | -£34.07mn | -£27.64mn |
EPS | -£0.06p | -£0.05p | -£0.04p |
EPS Growth | 0.00% | 0.00% | 0.00% |
P/E | -4.82 | -5.99 | -7.73 |
PEG Ratio | 0.00 | 0.00 | 0.00 |
Dividend | 0.00p | 0.00p | 0.00p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
6th Dec 2024 | RBC Capital Markets | Reiteration | 36p | 0p | 70p | Outperform |
6th Dec 2024 | Jefferies | Reiteration | 36p | 0p | 60p | Buy |
5th Dec 2024 | Berenberg Bank | Reiteration | 35p | 0p | 59p | Hold |
15th Aug 2024 | Berenberg Bank | Reiteration | 54p | 60p | 59p | Hold |
9th Jul 2024 | JP Morgan Cazenove | DownGrade | 57p | 130p | 90p | Neutral |
26th Feb 2024 | Jefferies | Upgrade | 54p | 0p | 0p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
28 Apr 2025 | 16:29 | 32.25 | 1,903 | Buy |
28 Apr 2025 | 16:29 | 32.3 | 3,120 | Buy |
28 Apr 2025 | 16:27 | 31.8 | 1,903 | Sell |
28 Apr 2025 | 16:26 | 31.85 | 78 | Sell |
28 Apr 2025 | 16:26 | 32.15 | 3,547 | Buy |
28 Apr 2025 | 16:26 | 32.15 | 2,031 | Sell |
28 Apr 2025 | 16:26 | 32.2 | 881 | Buy |
28 Apr 2025 | 16:26 | 32.2 | 880 | Buy |
28 Apr 2025 | 16:26 | 32.2 | 212 | Buy |
28 Apr 2025 | 16:26 | 31.8 | 600 | Sell |
28 Apr 2025 | 16:26 | 32.025 | 511 | Unknown |
28 Apr 2025 | 16:26 | 32.115 | 1,556 | Buy |
28 Apr 2025 | 16:25 | 32.2143 | 5,926 | Buy |
28 Apr 2025 | 16:25 | 32 | 1,932 | Buy |
28 Apr 2025 | 16:24 | 32.15 | 3,470 | Buy |
28 Apr 2025 | 16:24 | 32.15 | 580 | Buy |
28 Apr 2025 | 16:24 | 32.2143 | 3,300 | Buy |
28 Apr 2025 | 16:24 | 31.9 | 2,200 | Sell |
28 Apr 2025 | 16:24 | 32.15 | 6,500 | Buy |
28 Apr 2025 | 16:24 | 32.2 | 228 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.