AFC Energy plc (AFGYF) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of AFC Energy plc $0.03, price $0.12, upside -79.4%, quality 24 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $0.0710 – $0.9160 · fair‑value band $0.0170 – $0.0340 · the $0.1239 price screens above the $0.0255 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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H-Power plc engages in the development of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions in the United Kingdom. It operates through Sales of fuel cell generators and Rental segments. The company provides an H-Power Tower, an S series fuel cell generators; and L series fuel cell generators.
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H-Power plc engages in the development of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions in the United Kingdom. It operates through Sales of fuel cell generators and Rental segments. The company provides an H-Power Tower, an S series fuel cell generators; and L series fuel cell generators. It is also developing an H-power generator " S series fuel cell, a modular compact; H-power generator S+ series fuel cell diesel generator alternative; ammonia cracker, a technology to convert ammonia into hydrogen; and a methanol fuel tower, a technology solution for conversion of carrier fuel methanol into hydrogen. In addition, the company provides various support solutions, including the supply of hydrogen, ammonia or methanol; consultation on fuel consumption and logistics requirements; arranging the sourcing, supply, and delivery of the fuel of choice; consultation or supply of on-site fuel storage; consultation and design of the full power solution based on the application; arrangements to supply, deliver, and connect battery energy storage technology; technical integration of technologies, such as battery, fuel cell, fuel conversion, and fuel storage; monitoring and optimization for the full system; on-site installation, commissioning, and decommissioning; on call maintenance from field support team; and operating guidelines and on-site briefing services. It offers products for use in various applications, such as maritime, construction, data centers, outdoor events, EV charging, and rail sectors. The company was formerly known as AFC Energy plc and changed its name to H-Power plc in May 2026. The company was incorporated in 2006 and is based in Cranleigh, the United Kingdom.
Stock analysis
AFC Energy plc (AFGYF) currently trades at $0.1239, while our model-based Fair Value estimate is $0.0255, implying the stock looks roughly 385.9% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: $0.0170 (bear) to $0.0340 (bull), the price of $0.1239 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 24/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
AFC Energy plc reported revenue of £125K in FY2025 versus £593K in FY2021, a compound −32.2%/yr. Reported net income was −£22.2M in FY2025.
Key figures
Market cap $210M · EPS (TTM) $−0.0200 · Return on equity −66.6% · Return on assets (EBIT) −44.9% · Revenue (TTM) $125K · Revenue growth (YoY) −97.0% · Free cash flow −$12.6M · Net cash $14.2M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 48% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −28% fair-value upside, at −79%, AFGYF screens richer than that median.
Fair Value models
Bear $0.0170Fair Value $0.0255Bull $0.0340
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−96.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−40.1%
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−1,755.8% (2021) → −20,609.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electrical Equipment & Parts · 552 stocks
Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside−79% · Bottom 25%
Profitability
Return on assets−40% · Bottom 25%
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth−97% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/B5.77× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 58
PAST (return on equity)0· sector 26
HEALTH (low debt)100· sector 97
DIVIDEND (yield)0· sector 23
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AFC Energy plc Fair Value". https://www.fairvalue-calculator.com/stock/AFGYF
Frequently asked questions
Is AFC Energy plc (AFGYF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $0.0255 versus a price of $0.1239, about −79% upside (overvalued).
What is the fair value of AFGYF?
Our model-based fair value for AFC Energy plc is $0.0255 (as of Sep 23, 2026), built from audited fundamentals. The current price: $0.1239.
What is the quality score of AFGYF?
AFC Energy plc has a Quality Score of 24/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AFC Energy plc (AFGYF)?
Our model-based price target is the fair value of $0.0255 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario $0.0170, optimistic scenario $0.0340. It is a calculation from audited fundamentals, not an analyst target.
What is the AFC Energy plc stock forecast for 2026?
Our models put fair value at $0.0255, about −79% upside versus a price of $0.1239 (overvalued). Cautious scenario $0.0170, optimistic scenario $0.0340. The calculation is refreshed regularly with new filings.
What is the revenue of AFC Energy plc (AFGYF)?
AFC Energy plc reported trailing-twelve-month revenue of about $125K (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of AFC Energy plc (AFGYF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AFC Energy plc it is $0.0255 per share (as of Sep 23, 2026), against a price of $0.1239. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is AFC Energy plc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, AFGYF trades above its calculated fair value: price $0.1239, fair value $0.0255, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AFGYF?
No. The price is what the market pays today ($0.1239); the fair value is what the company's own numbers justify ($0.0255). For AFC Energy plc the two are $0.0984 per share apart. That gap is exactly why we show both numbers side by side.
How much is AFC Energy plc worth?
The market values AFC Energy plc at about $210M (market capitalisation, as of Sep 23, 2026). Per share that is $0.1239; our models calculate a fair value of $0.0255 per share.
What do the bullish and bearish scenarios say about AFGYF?
Our models span a range for AFC Energy plc: cautious scenario $0.0170, base $0.0255, optimistic $0.0340 per share (as of Sep 23, 2026, price $0.1239). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of AFC Energy plc (AFGYF)?
Balance-sheet figures for AFC Energy plc (as of Sep 23, 2026): return on equity −66.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is AFGYF from its 52-week high?
AFC Energy plc trades at $0.1239, about 48% below its 52-week high of $0.2400 and 23% above the low of $0.1010 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0255 is for.
Which stocks are comparable to AFC Energy plc?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AFC Energy plc stock attractive at the current price?
The data as of Sep 23, 2026: price $0.1239, calculated fair value $0.0255 (−79%), Quality Score 24/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AFGYF calculated?
We run AFC Energy plc through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0255, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. AFC Energy plc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AFC Energy plc (AFGYF)?
The closing price on Sep 23, 2026 was $0.1239. Our model-based fair value is $0.0255, about −79% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AFC Energy plc right now?
The price sits above even our optimistic bull case ($0.0340). The favourable scenario is already priced in. Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.0170 to $0.0340) leaves room in how you read the outcome.
Key figures of AFC Energy plc
How large is the market capitalisation of AFC Energy plc (AFGYF)?
The market capitalisation of AFC Energy plc is $210M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of AFC Energy plc (AFGYF)?
Earnings per share at AFC Energy plc are $−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of AFC Energy plc (AFGYF)?
The return on equity (ROE) of AFC Energy plc is −66.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AFC Energy plc (AFGYF)?
On an EBIT basis the return on assets of AFC Energy plc is −44.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast is revenue growing at AFC Energy plc (AFGYF)?
Revenue at AFC Energy plc is growing −97.0% versus a year earlier (3y avg −40.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does AFC Energy plc (AFGYF) generate?
The free cash flow of AFC Energy plc is −$12.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does AFC Energy plc (AFGYF) hold?
AFC Energy plc holds more cash than debt, $14.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Sep 23, 2026