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AFC Energy

AIM:AFC
Snowflake Description

Adequate balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AFC
AIM
£70M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

AFC Energy plc develops and demonstrates alkaline fuel cell systems in the United Kingdom and Germany. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • AFC Energy has significant price volatility in the past 3 months.
AFC Share Price and Events
7 Day Returns
-2.7%
AIM:AFC
-14.5%
GB Electrical
-2.2%
GB Market
1 Year Returns
309.5%
AIM:AFC
-46.4%
GB Electrical
-25.9%
GB Market
AFC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AFC Energy (AFC) -2.7% -34.5% -19.6% 309.5% 21.7% -56.6%
GB Electrical -14.5% -53.5% -57.8% -46.4% -63.7% -93.5%
GB Market -2.2% -21.7% -29.6% -25.9% -26.6% -26.2%
1 Year Return vs Industry and Market
  • AFC outperformed the Electrical industry which returned -46.4% over the past year.
  • AFC outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.9% over the past year.
Price Volatility
AFC
Industry
5yr Volatility vs Market

Value

 Is AFC Energy 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 AFC Energy. This is due to cash flow or dividend data being unavailable. The share price is £0.146.
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 AFC Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AFC Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:AFC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in GBP £-0.01
AIM:AFC Share Price ** AIM (2020-04-03) in GBP £0.15
United Kingdom of Great Britain and Northern Ireland Electrical Industry PE Ratio Median Figure of 7 Publicly-Listed Electrical Companies 20.23x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.32x

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

** Primary Listing of AFC Energy.

AIM:AFC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.15 ÷ -0.01

-21.41x

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

  • AFC Energy is loss making, we can't compare its value to the GB Electrical industry average.
  • AFC Energy is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does AFC Energy's expected growth come at a high price?
Raw Data
AIM:AFC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -21.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-26.2%per year
Europe Electrical Industry PEG Ratio Median Figure of 32 Publicly-Listed Electrical Companies 0.95x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*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 AFC Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AFC Energy's assets?
Raw Data
AIM:AFC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in GBP £0.01
AIM:AFC Share Price * AIM (2020-04-03) in GBP £0.15
United Kingdom of Great Britain and Northern Ireland Electrical Industry PB Ratio Median Figure of 19 Publicly-Listed Electrical Companies 2.45x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
AIM:AFC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.15 ÷ 0.01

22.89x

* Primary Listing of AFC Energy.

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

  • AFC Energy is overvalued based on assets compared to the GB Electrical industry average.
X
Value checks
We assess AFC Energy'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. AFC Energy 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 AFC Energy expected to perform in the next 1 to 3 years based on estimates from 2 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
-26.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AFC Energy expected to grow at an attractive rate?
  • Unable to compare AFC Energy'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 AFC Energy's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as it is expected to be loss making during the next 1-3 years.
  • AFC Energy's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:AFC Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:AFC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -26.2%
AIM:AFC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 95.7%
United Kingdom of Great Britain and Northern Ireland Electrical Industry Earnings Growth Rate Market Cap Weighted Average 60.2%
United Kingdom of Great Britain and Northern Ireland Electrical Industry Revenue Growth Rate Market Cap Weighted Average 10.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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
AIM:AFC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:AFC Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-10-31 10 -4 1
2021-10-31 2 -6 -5 2
2020-10-31 0 -6 -5 2
2020-04-04
AIM:AFC Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-10-31 -2 -3
2019-07-31 0 -3 -3
2019-04-30 0 -3 -4
2019-01-31 0 -3 -4
2018-10-31 0 -4 -4
2018-07-31 0 -4 -5
2018-04-30 0 -4 -5
2018-01-31 0 -4 -5
2017-10-31 0 -4 -5
2017-07-31 0 -3 -5
2017-04-30 0 -2 -5
2017-01-31 1 -3 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AFC Energy is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • AFC Energy'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
AIM:AFC 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 2 Analyst Estimates (S&P Global) See Below

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

AIM:AFC Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-10-31
2021-10-31
2020-10-31
2020-04-04
AIM:AFC Past Financials Data
Date (Data in GBP Millions) EPS *
2019-10-31 -0.01
2019-07-31 -0.01
2019-04-30 -0.01
2019-01-31 -0.01
2018-10-31 -0.01
2018-07-31 -0.01
2018-04-30 -0.01
2018-01-31 -0.01
2017-10-31 -0.01
2017-07-31 -0.01
2017-04-30 -0.01
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 AFC Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AFC Energy'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
AFC Energy 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 AFC Energy 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 AFC Energy'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.
  • AFC Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare AFC Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare AFC Energy's 1-year growth to the Europe Electrical industry average as it is not currently profitable.
Earnings and Revenue History
AFC Energy'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 AFC Energy Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:AFC 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 -2.85 3.61
2019-07-31 0.00 -3.27 3.98
2019-04-30 0.00 -3.70 4.35
2019-01-31 0.00 -4.01 4.65
2018-10-31 0.00 -4.33 4.95
2018-07-31 0.01 -4.68 5.24
2018-04-30 0.03 -5.04 5.52
2018-01-31 0.13 -4.98 5.46
2017-10-31 0.23 -4.93 5.40
2017-07-31 0.32 -4.78 5.49
2017-04-30 0.41 -4.63 5.59
2017-01-31 0.69 -5.14 5.58
2016-10-31 0.97 -5.66 5.56
2016-07-31 1.63 -7.82 5.86
2016-04-30 2.29 -9.98 6.16
2016-01-31 2.28 -7.38 6.14
2015-10-31 2.26 -4.78 6.11
2015-07-31 1.66 -3.17 5.75
2015-04-30 1.06 -1.55 5.39
2015-01-31 0.92 -3.49 5.21
2014-10-31 0.78 -5.44 5.04
2014-07-31 0.95 -4.69 5.01
2014-04-30 1.11 -3.95 4.34
2014-01-31 0.94 -4.04 4.59
2013-10-31 0.76 -4.14 4.84
2013-07-31 0.52 -4.19 4.90
2013-04-30 0.28 -4.24 4.95

*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 AFC Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if AFC Energy has efficiently used its assets last year compared to the GB Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if AFC Energy 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 AFC Energy'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.
AFC Energy 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 AFC Energy'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 AFC Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AFC Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AFC Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AFC Energy'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.
  • High level of physical assets or inventory.
  • AFC Energy 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 AFC Energy Company Filings, last reported 5 months ago.

AIM:AFC Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 2.86 0.00 1.33
2019-07-31 2.86 0.00 1.33
2019-04-30 3.35 0.00 1.89
2019-01-31 3.35 0.00 1.89
2018-10-31 4.32 0.00 2.55
2018-07-31 4.32 0.00 2.55
2018-04-30 6.16 0.00 3.99
2018-01-31 6.16 0.00 3.99
2017-10-31 8.41 0.00 6.68
2017-07-31 8.41 0.00 6.68
2017-04-30 10.59 0.00 8.42
2017-01-31 10.59 0.00 8.42
2016-10-31 4.90 0.00 2.91
2016-07-31 4.90 0.00 2.91
2016-04-30 6.39 0.00 2.84
2016-01-31 6.39 0.00 2.84
2015-10-31 5.62 0.00 1.76
2015-07-31 5.62 0.00 1.76
2015-04-30 11.70 0.00 3.89
2015-01-31 11.70 0.00 3.89
2014-10-31 9.56 0.00 4.86
2014-07-31 9.56 0.00 4.86
2014-04-30 6.57 0.00 4.96
2014-01-31 6.57 0.00 4.96
2013-10-31 8.93 0.00 6.96
2013-07-31 8.93 0.00 6.96
2013-04-30 10.51 0.00 8.90
  • AFC Energy has no debt.
  • AFC Energy 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.

  • AFC Energy has less than a year of cash runway based on current free cash flow.
  • AFC Energy has less than a year of cash runway if free cash flow continues to reduce at historical rates of -9.8% each year.
X
Financial health checks
We assess AFC Energy'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. AFC Energy has a total score of 4/6, 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 AFC Energy'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 AFC Energy dividends. Estimated to be 0% next year.
If you bought £2,000 of AFC Energy 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 AFC Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AFC Energy'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
AIM:AFC 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 2 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electrical Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 595 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

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

AIM:AFC Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-10-31
2021-10-31 0.00 1.00
2020-10-31 0.00 1.00
2020-04-04

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

  • Unable to perform a dividend volatility check as AFC Energy has not reported any payouts.
  • Unable to verify if AFC Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AFC Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AFC Energy has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of AFC Energy's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess AFC Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 AFC Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AFC Energy 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 AFC Energy'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
Adam Bond
COMPENSATION £558,414
AGE 43
TENURE AS CEO 5.3 years
CEO Bio

Mr. Adam Steven Bond has been the Chief Executive Officer of AFC Energy PLC since December 1, 2014. Mr. Bond served as the President of Clean Energy at Linc Energy Ltd since April 30, 2012. was responsible for the execution and deployment of Linc Energy's clean energy, Underground Coal Gasification (UCG) to Gas to Liquids (GTL) projects around the globe. He served as General Manager of Europe Operations at Linc Energy Ltd until April 29, 2012. Mr. Bond was responsible for the development and delivery of Linc Energy's European expansion in the United Kingdom, mainland Europe and Russia. With over twelve years of experience, his background is in providing commercial advice to public and private sector organizations in the United Kingdom and Australia, as well as to international energy and infrastructure markets. Prior to joining Linc Energy, he held positions with the British Government as Project Director, Lead Negotiator and Commercial Lead for the United Kingdom's first carbon capture and storage program. He was also instrumental in the design of the commercial framework for delivery of the United Kingdom's offshore electricity transmission network. He has been an Executive Director of AFC Energy PLC since May 2012. He serves as a Director of Adam Bond Commercial Advisory Limited. Mr. Bond holds tertiary qualifications in law, commerce and taxation and was a participant in Harvard Law School's Program on negotiation.

CEO Compensation
  • Adam's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Adam's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the AFC Energy management team in years:

4.3
Average Tenure
55
Average Age
  • The tenure for the AFC Energy management team is about average.
Management Team

Adam Bond

TITLE
CEO & Executive Director
COMPENSATION
£558K
AGE
43
TENURE
5.3 yrs

Jim Gibson

TITLE
COO & Director
COMPENSATION
£306K
AGE
52
TENURE
3.2 yrs

Graeme Lewis

TITLE
Finance Director
AGE
58
TENURE
1 yrs

Harry Epstein

TITLE
AGE
59
TENURE
10.8 yrs
Board of Directors Tenure

Average tenure and age of the AFC Energy board of directors in years:

2.6
Average Tenure
55
Average Age
  • The average tenure for the AFC Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Rennocks

TITLE
Non-Executive Chairman
COMPENSATION
£50K
AGE
73
TENURE
2.8 yrs

Adam Bond

TITLE
CEO & Executive Director
COMPENSATION
£558K
AGE
43
TENURE
7.9 yrs

Jim Gibson

TITLE
COO & Director
COMPENSATION
£306K
AGE
52
TENURE
3.2 yrs

Graeme Lewis

TITLE
Finance Director
AGE
58
TENURE
0.2 yrs

Joe Mangion

TITLE
Non-Executive Director
COMPENSATION
£23K
TENURE
2.3 yrs

Gerry Agnew

TITLE
Non-Executive Director
AGE
55
TENURE
0.6 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 (£)
13. Nov 19 Buy John Rennocks Individual 12. Nov 19 12. Nov 19 114,044 £0.10 £11,631
X
Management checks
We assess AFC Energy'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. AFC Energy 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

Could AFC Energy plc's (LON:AFC) Investor Composition Influence The Stock Price?

AFC Energy is a smaller company with a market capitalization of UK£21m, so it may still be flying under the radar of many institutional investors. … AIM:AFC Income Statement, August 28th 2019 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. … Insider Ownership Of AFC Energy The definition of company insiders can be subjective, and does vary between jurisdictions.

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Introducing AFC Energy (LON:AFC), The Stock That Tanked 80%

View our latest analysis for AFC Energy AFC Energy didn't have any revenue in the last year, so it's fair to say it doesn't yet have a proven product (or at least not one people are paying for). … Investors will be hoping that AFC Energy can make progress and gain better traction for the business, before it runs low on cash. … While some such companies go on to make revenue, profits, and generate value, others get hyped up by hopeful naifs before eventually going bankrupt.

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Some AFC Energy (LON:AFC) Shareholders Have Taken A Painful 84% Share Price Drop

Imagine if you held AFC Energy plc (LON:AFC) for half a decade as the share price tanked 84%. … There is almost always a chance they will need to raise more capital, and their progress - and share price - will dictate how dilutive that is to current holders. … Some AFC Energy investors have already had a taste of the bitterness stocks like this can leave in the mouth.

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Loss-Making AFC Energy plc (LON:AFC) Expected To Breakeven

The most pressing concern for investors is AFC’s path to profitability – when will it breakeven. … In this article, I will touch on the expectations for AFC’s growth and when analysts expect the company to become profitable? … Take the survey and be part of one of the most advanced studies of stock market investors to date.

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Does AFC Energy plc (LON:AFC) Generate Enough Cash?

What is left after investment, determines the value of the stock since this cash flow technically belongs to investors of the company. … I will take you through AFC Energy’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … There are two methods I will use to evaluate the quality of AFC Energy’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

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Should You Worry About AFC Energy plc's (LON:AFC) CEO Salary Level?

At the time of writing our data says that AFC Energy plc has a market cap of UK£23m, and is paying total annual CEO compensation of UK£1m. … We looked at a group of companies with market capitalizations under UK£156m, and the median CEO compensation was UK£245k. … Thus we can conclude that Adam Bond receives more in total compensation than the median of a group of companies in the same market, and of similar size to AFC Energy plc

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AFC Energy plc (LON:AFC): Exploring Free Cash Flows

I will take you through AFC Energy’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Free cash flow (FCF) is the amount of cash AFC Energy has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … The two ways to assess whether AFC Energy’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow

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Analysts Expect Breakeven For AFC Energy plc (LON:AFC)

The UK£34.23m market-cap company announced a latest loss of -UK£4.93m on 31 October 2017 for its most recent financial year result. … I’ve put together a brief outline of industry analyst expectations for AFC, its year of breakeven and its implied growth rate … See our latest analysis for AFC Energy

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AFC Energy plc (LON:AFC): What’s In It For The Shareholders?

Free cash flow (FCF) is the amount of cash AFC Energy has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … Free Cash Flow = Operating Cash Flows – Net Capital Expenditure Free Cash Flow Yield = Free Cash Flow / Enterprise Value where Enterprise Value = Market Capitalisation + Net Debt After accounting for capital expenses required to run the business, AFC Energy is not able to generate positive FCF, leading to a negative FCF yield – not very useful for interpretation! … Current +1 year +2 year +3 year Operating Cash Flow (OCF) -UK£3.70M -UK£3.60M -UK£4.40M -UK£1.01M OCF Growth Year-On-Year -2.72% 22.22% -77.06% OCF Growth From Current Year 18.89% -72.73% Next Steps: Now you know to keep cash flows in mind, You should continue to research AFC Energy to get a better picture of the company by looking at: Historical Performance: What has AFC's returns been like over the past?

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Is AFC Energy plc (LON:AFC) Still A Cheap Capital Goods Stock?

This rate is below the growth rate of the UK stock market as a whole. … AIM:AFC Past Future Earnings Apr 26th 18 The electrical equipment industry is relatively fragmented, with an exception of few dominant players with a large portion of sales. … If AFC Energy has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the electrical equipment industry.

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Company Info

Description

AFC Energy plc develops and demonstrates alkaline fuel cell systems in the United Kingdom and Germany. Its fuel-cell systems convert hydrogen into electricity. The company was incorporated in 2006 and is based in Cranleigh, the United Kingdom.

Details
Name: AFC Energy plc
AFC
Exchange: AIM
Founded: 2006
£69,694,873
477,362,144
Website: http://www.afcenergy.com
Address: AFC Energy plc
Dunsfold Park,
Unit 71.4,
Cranleigh,
Surrey, GU6 8TB,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM AFC Ordinary Shares London Stock Exchange AIM Market GB GBP 24. Apr 2007
OTCPK AFGY.F Ordinary Shares Pink Sheets LLC US USD 24. Apr 2007
DB QC8 Ordinary Shares Deutsche Boerse AG DE EUR 24. Apr 2007
Number of employees
Current staff
Staff numbers
26
AFC Energy employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 23:06
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/28
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/10/31


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.