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ITM Power

DB:IJ8
Snowflake Description

Flawless balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IJ8
DB
£561M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, clean fuel production, and renewable chemistry in the United Kingdom, Germany, Italy, rest of Europe, and North America. The last earnings update was 64 days ago. More info.


Add to Portfolio Compare Print
  • ITM Power has significant price volatility in the past 3 months.
IJ8 Share Price and Events
7 Day Returns
8%
DB:IJ8
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
462.5%
DB:IJ8
-8.2%
DE Electrical
-17.5%
DE Market
IJ8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ITM Power (IJ8) 8% 5.9% 65.4% 462.5% 592.3% 198%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • IJ8 outperformed the Electrical industry which returned -8.2% over the past year.
  • IJ8 outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
IJ8
Industry
5yr Volatility vs Market

Value

 Is ITM Power undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for ITM Power. This is due to cash flow or dividend data being unavailable. The share price is €1.35.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ITM Power's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ITM Power's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IJ8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in GBP £-0.04
AIM:ITM Share Price ** AIM (2020-03-31) in GBP £1.19
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ITM Power.

DB:IJ8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:ITM Share Price ÷ EPS (both in GBP)

= 1.19 ÷ -0.04

-29.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ITM Power is loss making, we can't compare its value to the DE Electrical industry average.
  • ITM Power is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does ITM Power's expected growth come at a high price?
Raw Data
DB:IJ8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -29.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
37%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ITM Power, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ITM Power's assets?
Raw Data
DB:IJ8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in GBP £0.22
AIM:ITM Share Price * AIM (2020-03-31) in GBP £1.19
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:IJ8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:ITM Share Price ÷ Book Value per Share (both in GBP)

= 1.19 ÷ 0.22

5.27x

* Primary Listing of ITM Power.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ITM Power is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess ITM Power's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. ITM Power has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ITM Power expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
37%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ITM Power expected to grow at an attractive rate?
  • Unable to compare ITM Power's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare ITM Power's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • ITM Power's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IJ8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IJ8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 37%
DB:IJ8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 57.5%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:IJ8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IJ8 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-04-30 172 1
2023-04-30 101 15 1
2022-04-30 38 -2 -6 3
2021-04-30 18 -16 -11 3
2020-04-30 7 -13 -18 3
2020-03-31
DB:IJ8 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-10-31 7 -10 -14
2019-07-31 6 -11 -12
2019-04-30 5 -12 -9
2019-01-31 4 -12 -9
2018-10-31 3 -11 -9
2018-07-31 3 -10 -7
2018-04-30 3 -8 -6
2018-01-31 4 -6 -5
2017-10-31 4 -5 -4
2017-07-31 3 -5 -4
2017-04-30 2 -5 -4
2017-01-31 2 -5 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ITM Power is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • ITM Power's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:IJ8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from ITM Power Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IJ8 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-04-30
2023-04-30
2022-04-30 -0.01 -0.01 -0.02 3.00
2021-04-30 -0.02 -0.01 -0.03 3.00
2020-04-30 -0.04 -0.04 -0.05 3.00
2020-03-31
DB:IJ8 Past Financials Data
Date (Data in GBP Millions) EPS *
2019-10-31 -0.04
2019-07-31 -0.04
2019-04-30 -0.03
2019-01-31 -0.03
2018-10-31 -0.03
2018-07-31 -0.03
2018-04-30 -0.02
2018-01-31 -0.02
2017-10-31 -0.02
2017-07-31 -0.02
2017-04-30 -0.02
2017-01-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ITM Power will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess ITM Power's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ITM Power has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ITM Power performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ITM Power's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ITM Power does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ITM Power's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ITM Power's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
ITM Power's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ITM Power Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IJ8 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 6.95 -14.07 6.32 2.30
2019-07-31 5.98 -11.76 6.39 2.31
2019-04-30 5.02 -9.45 6.45 2.33
2019-01-31 3.88 -9.12 5.71 2.14
2018-10-31 2.74 -8.78 4.97 1.95
2018-07-31 3.01 -7.45 4.76 1.87
2018-04-30 3.28 -6.12 4.54 1.79
2018-01-31 3.52 -5.11 4.55 1.99
2017-10-31 3.75 -4.11 4.57 2.19
2017-07-31 3.08 -3.94 4.15 2.11
2017-04-30 2.42 -3.78 3.73 2.02
2017-01-31 2.05 -3.60 3.43 1.85
2016-10-31 1.68 -3.43 3.14 1.68
2016-07-31 1.81 -3.71 3.11 1.81
2016-04-30 1.93 -4.00 3.09 1.95
2016-01-31 1.85 -4.40 3.05 1.88
2015-10-31 1.77 -4.80 3.01 1.81
2015-07-31 1.70 -5.21 2.82 3.06
2015-04-30 1.64 -5.61 2.63 4.32
2015-01-31 1.29 -6.86 2.45 5.04
2014-10-31 0.94 -8.11 2.28 5.75
2014-07-31 1.03 -7.95 2.29 4.87
2014-04-30 1.13 -7.79 2.30 3.98
2014-01-31 0.95 -6.70 2.23 3.92
2013-10-31 0.77 -5.61 2.16 3.86
2013-07-31 0.43 -5.75 2.16 4.15
2013-04-30 0.09 -5.90 2.15 4.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if ITM Power has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ITM Power has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ITM Power improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ITM Power's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ITM Power has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ITM Power's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ITM Power's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ITM Power is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ITM Power's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ITM Power's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • ITM Power has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ITM Power Company Filings, last reported 5 months ago.

DB:IJ8 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 74.40 0.00 56.88
2019-07-31 74.40 0.00 56.88
2019-04-30 26.21 0.00 5.17
2019-01-31 26.21 0.00 5.17
2018-10-31 30.30 0.00 15.60
2018-07-31 30.30 0.00 15.60
2018-04-30 35.59 0.00 20.40
2018-01-31 35.59 0.00 20.40
2017-10-31 39.11 0.00 26.19
2017-07-31 39.11 0.00 26.19
2017-04-30 13.07 0.00 1.56
2017-01-31 13.07 0.00 1.56
2016-10-31 9.51 0.00 1.73
2016-07-31 9.51 0.00 1.73
2016-04-30 11.64 0.00 1.21
2016-01-31 11.64 0.00 1.21
2015-10-31 7.53 0.00 2.60
2015-07-31 7.53 0.00 2.60
2015-04-30 10.34 0.00 6.58
2015-01-31 10.34 0.00 6.58
2014-10-31 7.42 0.00 6.67
2014-07-31 7.42 0.00 6.67
2014-04-30 11.00 0.00 9.76
2014-01-31 11.00 0.00 9.76
2013-10-31 6.03 0.00 3.70
2013-07-31 6.03 0.00 3.70
2013-04-30 7.38 0.00 5.94
  • ITM Power has no debt.
  • ITM Power has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • ITM Power has sufficient cash runway for more than 3 years based on current free cash flow.
  • ITM Power has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 17% each year.
X
Financial health checks
We assess ITM Power's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ITM Power has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ITM Power's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ITM Power dividends. Estimated to be 0% next year.
If you bought €2,000 of ITM Power shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ITM Power's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ITM Power's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:IJ8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:IJ8 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-04-30
2023-04-30
2022-04-30 0.00 1.00
2021-04-30 0.00 1.00
2020-04-30 0.00 1.00
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ITM Power has not reported any payouts.
  • Unable to verify if ITM Power's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ITM Power's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ITM Power has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of ITM Power's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess ITM Power's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ITM Power afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ITM Power has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ITM Power's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Graham Cooley
COMPENSATION £398,000
AGE 55
TENURE AS CEO 10.7 years
CEO Bio

Dr. Graham Edward Cooley, B.Sc. (Hons), M.Phil, Ph. D has been the Chief Executive Officer of ITM Power Plc since June 29, 2009. Dr. Cooley served as the Chief Executive Officer of Universal Sensors Ltd and Sensortec Limited since August 2007. He serves as a Member of the Executive Committee of the US Fuel Cell Council (USFCC). He is experienced in the development of technology and business opportunities in both a start-up and mature corporate environment. He has extensive academic and practical experience of the power and electrochemical industries. Dr. Cooley served as the Chief Executive Officer of Metalysis Ltd., and Antenova Ltd. He served as Business Development Manager of International Power PLC from 1999 to 2000, National Power PLC from 1997 to 1999 and Technology and Business Manager of Regenesys, National Power PLC from 1992 to 1997. He served as Business Development and R&D Manager at CERL from 1989 to 1992. He joined the Board of CERL in April 2003 as Chief Executive. Dr. Cooley serves as a Director of ITM Power Plc, Sensortec Ltd., Universal Sensors Ltd., Cawood Plc., and Cogswell & Harrison Ltd. He graduated from UWIST in Physics and an MBA from Bradford University in 1999 and has a PhD in Materials Technology from Brunel University in 1989.

CEO Compensation
  • Graham's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Graham's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the ITM Power management team in years:

4
Average Tenure
44
Average Age
  • The tenure for the ITM Power management team is about average.
Management Team

Graham Cooley

TITLE
CEO & Executive Director
COMPENSATION
£398K
AGE
55
TENURE
10.7 yrs

Andy Allen

TITLE
Finance Director & Executive Director
COMPENSATION
£107K
AGE
37
TENURE
5.2 yrs

Simon Bourne

TITLE
CTO & Executive Director
COMPENSATION
£269K
AGE
44

Rachel Smith

TITLE
Executive Director
COMPENSATION
£149K
AGE
44

Nicola Edmonds

TITLE
Company Secretary & Head of Legal
AGE
47
TENURE
1.8 yrs

Rebecca Markillie

TITLE
Marketing Manager & PA to CEO
TENURE
4 yrs

Steve Jones

TITLE
Managing Director of ITM Power Inc California

John Newton

TITLE
Managing Director of ITM Motive
TENURE
6.4 yrs

Calum McConnell

TITLE
Managing Director of ITM Power GmbH Germany
TENURE
3.2 yrs

Neil Thompson

TITLE
Managing Director of ITM Pty Ltd
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the ITM Power board of directors in years:

1.8
Average Tenure
54
Average Age
  • The average tenure for the ITM Power board of directors is less than 3 years, this suggests a new board.
Board of Directors

Roger Bone

TITLE
Non-Executive Chairman
COMPENSATION
£38K
AGE
75
TENURE
0.4 yrs

Graham Cooley

TITLE
CEO & Executive Director
COMPENSATION
£398K
AGE
55

Andy Allen

TITLE
Finance Director & Executive Director
COMPENSATION
£107K
AGE
37
TENURE
1.8 yrs

Simon Bourne

TITLE
CTO & Executive Director
COMPENSATION
£269K
AGE
44
TENURE
10.3 yrs

Rachel Smith

TITLE
Executive Director
COMPENSATION
£149K
AGE
44
TENURE
4.4 yrs

Bob Pendlebury

TITLE
Non-Executive Director
AGE
77
TENURE
4.7 yrs

Martin Green

TITLE
Non-Executive Director
AGE
53
TENURE
0.4 yrs

Juergen Nowicki

TITLE
Non-executive Director
AGE
55
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
05. Dec 19 Sell Rachel Smith Individual 02. Dec 19 02. Dec 19 -35,921 €0.79 €-28,427
05. Dec 19 Sell Simon Bourne Individual 04. Dec 19 04. Dec 19 -200,000 €0.73 €-145,972
05. Dec 19 Sell Graham Cooley Individual 04. Dec 19 04. Dec 19 -1,000,000 €0.73 €-729,861
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Management checks
We assess ITM Power's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ITM Power has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

ITM Power Plc designs, manufactures, and sells hydrogen energy systems for energy storage, clean fuel production, and renewable chemistry in the United Kingdom, Germany, Italy, rest of Europe, and North America. It offers HGas for power-to-gas applications. The company is also involved in the research and development of scientific and engineering projects; development and manufacture of prototype products; and sale of electrolysis equipment and hydrogen storage solutions. In addition, it operates 13 hydrogen refueling stations. The company has a strategic partnership agreement with Sumitomo Corporation for the development of multi-megawatt projects in Japan. ITM Power Plc was founded in 2001 and is headquartered in Sheffield, the United Kingdom.

Details
Name: ITM Power Plc
IJ8
Exchange: DB
Founded: 2001
£635,023,605
472,997,923
Website: http://www.itm-power.com
Address: ITM Power Plc
22 Atlas Way,
Sheffield,
South Yorkshire, S4 7QQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM ITM Ordinary Shares London Stock Exchange AIM Market GB GBP 11. Jun 2004
OTCPK ITMP.F Ordinary Shares Pink Sheets LLC US USD 11. Jun 2004
DB IJ8 Ordinary Shares Deutsche Boerse AG DE EUR 11. Jun 2004
Number of employees
Current staff
Staff numbers
139
ITM Power employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 20:41
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/02/12
Last earnings filing: 2020/01/27
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.