ITM Power plc Stock
€0.89
Your prediction
ITM Power plc Stock
Pros and Cons of ITM Power plc in the next few years
Pros
Cons
Performance of ITM Power plc vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| ITM Power plc | -5.020% | 60.997% | 156.431% | 19.821% | 124.808% | -72.319% | -76.188% |
| Green Plains Inc. | 0.650% | -2.619% | 3.737% | -40.561% | -13.248% | -8.750% | 42.723% |
| FutureFuel Corp. | 1.740% | -1.685% | -4.372% | -8.377% | -32.039% | -48.770% | - |
| VERBIO Vereinigte BioEnergie AG | 3.280% | -4.784% | -13.305% | -60.573% | -22.743% | -82.445% | 0.494% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.The financials of ITM Power, traded under the US symbol ITMPF, present a mixed picture for investors interested in the renewable energy sector. While the company exhibits a robust market presence within a growing industry, the recent financial results indicate significant challenges that need addressing. Analyzing the balance sheet, income statement, and cash flow allows a comprehensive view of ITM Power’s financial health and prospects.
Starting with the balance sheet, total assets as of April 30, 2023, amount to approximately €402.32 million, indicating a strong asset base. However, a notable concern arises with the retained earnings, showing a deficit of €-276.11 million. This negative equity raises red flags about the company’s historical profitability. On the other hand, the total stockholder equity stands at €295.51 million, suggesting that the company has still maintained a reasonable level of shareholder value despite its losses.
When diving into the income statement, ITM Power reported a net income of €-101.20 million for 2023. The company has struggled immensely, with both gross profit and operating income showing negative figures. Gross profit of €-79.07 million suggests that the costs of revenue (around €84.29 million) are not adequately covered by total revenues (€5.23 million). This negative margin indicates that the company is facing significant operational inefficiencies or high costs compared to the revenue generated.
