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ITM POWER PLC (IJ8.DE) Stock Fundamental Analysis

Europe - FRA:IJ8 - GB00B0130H42 - Common Stock

0.9385 EUR
-0.01 (-0.53%)
Last: 10/15/2025, 7:00:00 PM
Fundamental Rating

3

Taking everything into account, IJ8 scores 3 out of 10 in our fundamental rating. IJ8 was compared to 64 industry peers in the Electrical Equipment industry. IJ8 scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. While showing a medium growth rate, IJ8 is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

0

1. Profitability

1.1 Basic Checks

In the past year IJ8 has reported negative net income.
In the past year IJ8 has reported a negative cash flow from operations.
IJ8 had negative earnings in each of the past 5 years.
In the past 5 years IJ8 always reported negative operating cash flow.
IJ8.DE Yearly Net Income VS EBIT VS OCF VS FCFIJ8.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -20M -40M -60M -80M -100M

1.2 Ratios

IJ8 has a worse Return On Assets (-13.31%) than 78.13% of its industry peers.
IJ8's Return On Equity of -20.30% is on the low side compared to the rest of the industry. IJ8 is outperformed by 67.19% of its industry peers.
Industry RankSector Rank
ROA -13.31%
ROE -20.3%
ROIC N/A
ROA(3y)-15.2%
ROA(5y)-13.58%
ROE(3y)-21.56%
ROE(5y)-18.1%
ROIC(3y)N/A
ROIC(5y)N/A
IJ8.DE Yearly ROA, ROE, ROICIJ8.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -10 -20 -30 -40 -50

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for IJ8 so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
IJ8.DE Yearly Profit, Operating, Gross MarginsIJ8.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -500 -1K -1.5K

5

2. Health

2.1 Basic Checks

IJ8 does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, IJ8 has about the same amount of shares outstanding.
The number of shares outstanding for IJ8 has been increased compared to 5 years ago.
The debt/assets ratio for IJ8 is higher compared to a year ago.
IJ8.DE Yearly Shares OutstandingIJ8.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
IJ8.DE Yearly Total Debt VS Total AssetsIJ8.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

2.2 Solvency

Based on the Altman-Z score of 1.49, we must say that IJ8 is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.49, IJ8 perfoms like the industry average, outperforming 40.63% of the companies in the same industry.
A Debt/Equity ratio of 0.05 indicates that IJ8 is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.05, IJ8 belongs to the top of the industry, outperforming 85.94% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Altman-Z 1.49
ROIC/WACCN/A
WACC9.19%
IJ8.DE Yearly LT Debt VS Equity VS FCFIJ8.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M 300M

2.3 Liquidity

A Current Ratio of 3.07 indicates that IJ8 has no problem at all paying its short term obligations.
IJ8's Current ratio of 3.07 is amongst the best of the industry. IJ8 outperforms 82.81% of its industry peers.
IJ8 has a Quick Ratio of 2.46. This indicates that IJ8 is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of IJ8 (2.46) is better than 89.06% of its industry peers.
Industry RankSector Rank
Current Ratio 3.07
Quick Ratio 2.46
IJ8.DE Yearly Current Assets VS Current LiabilitesIJ8.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M

6

3. Growth

3.1 Past

IJ8 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.23%.
IJ8 shows a strong growth in Revenue. In the last year, the Revenue has grown by 57.73%.
The Revenue has been growing by 18.43% on average over the past years. This is quite good.
EPS 1Y (TTM)-19.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-92.14%
Revenue 1Y (TTM)57.73%
Revenue growth 3Y7.03%
Revenue growth 5Y18.43%
Sales Q2Q%37.77%

3.2 Future

Based on estimates for the next years, IJ8 will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.94% on average per year.
The Revenue is expected to grow by 51.46% on average over the next years. This is a very strong growth
EPS Next Y-84.68%
EPS Next 2Y3.71%
EPS Next 3Y6.36%
EPS Next 5Y8.94%
Revenue Next Year58.35%
Revenue Next 2Y44.75%
Revenue Next 3Y40.21%
Revenue Next 5Y51.46%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
IJ8.DE Yearly Revenue VS EstimatesIJ8.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 100M 200M 300M 400M
IJ8.DE Yearly EPS VS EstimatesIJ8.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 -0.05 -0.1

0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for IJ8. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for IJ8. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
IJ8.DE Price Earnings VS Forward Price EarningsIJ8.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
IJ8.DE Per share dataIJ8.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.1 0.2 0.3 0.4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.71%
EPS Next 3Y6.36%

0

5. Dividend

5.1 Amount

IJ8 does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

ITM POWER PLC

FRA:IJ8 (10/15/2025, 7:00:00 PM)

0.9385

-0.01 (-0.53%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)08-14 2025-08-14/bmo
Earnings (Next)01-28 2026-01-28
Inst Owners27.72%
Inst Owner ChangeN/A
Ins Owners11.83%
Ins Owner ChangeN/A
Market Cap579.40M
Analysts77.89
Price Target0.88 (-6.23%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)5.13%
PT rev (3m)13.43%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)6.22%
EPS NY rev (3m)-3.37%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-14.53%
Revenue NY rev (3m)-24.13%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 19.37
P/FCF N/A
P/OCF N/A
P/B 2.25
P/tB 2.38
EV/EBITDA N/A
EPS(TTM)-0.06
EYN/A
EPS(NY)-0.09
Fwd EYN/A
FCF(TTM)-0.06
FCFYN/A
OCF(TTM)-0.04
OCFYN/A
SpS0.05
BVpS0.42
TBVpS0.39
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -13.31%
ROE -20.3%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-15.2%
ROA(5y)-13.58%
ROE(3y)-21.56%
ROE(5y)-18.1%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.05
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 175.09%
Cap/Sales 49.63%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.07
Quick Ratio 2.46
Altman-Z 1.49
F-Score3
WACC9.19%
ROIC/WACCN/A
Cap/Depr(3y)267.5%
Cap/Depr(5y)353.36%
Cap/Sales(3y)142.17%
Cap/Sales(5y)199.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-92.14%
EPS Next Y-84.68%
EPS Next 2Y3.71%
EPS Next 3Y6.36%
EPS Next 5Y8.94%
Revenue 1Y (TTM)57.73%
Revenue growth 3Y7.03%
Revenue growth 5Y18.43%
Sales Q2Q%37.77%
Revenue Next Year58.35%
Revenue Next 2Y44.75%
Revenue Next 3Y40.21%
Revenue Next 5Y51.46%
EBIT growth 1Y-17.97%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year41.98%
EBIT Next 3Y22%
EBIT Next 5Y16.16%
FCF growth 1Y49.38%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y60.42%
OCF growth 3YN/A
OCF growth 5YN/A