Ilika plc (IKA) Fair Value & Analysis
Industrials · GB · Market cap 56.2M GBX
Fair value as of: Aug 13, 2026
From 1 valuation models · updated yesterday
Share price −17.8% over the past month.
Below-average quality, and screening another 84% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (£0.0500). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range £0.1475 – £2.09 · fair‑value band £0.0300 – £0.0500 · the £0.2425 price screens above the £0.0400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Ilika plc (IKA) currently trades at £0.2425, while our model-based Fair Value estimate is £0.0400, implying the stock looks roughly 83.5% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Trailing-twelve-month revenue stands at £665K. Revenue declined 39.5% year over year. It earns a return on equity of -38.2%. The balance sheet holds a net cash position of £7.5M. Fundamentals as of Aug 13, 2026
Our scenario range runs from £0.0300 (bear case) to £0.0500 (bull case); at £0.2425, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Industrials peers we cover trades at -65% fair-value upside, at -84%, IKA screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 7
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Ilika plc engages in designing, production, and development of solid state batteries in the United Kingdom, Asia, Europe, and North America. The company offers solid state batteries for transportation under the Goliath name for electric vehicles and cordless consumer electronics.
Full company description
Ilika plc engages in designing, production, and development of solid state batteries in the United Kingdom, Asia, Europe, and North America. The company offers solid state batteries for transportation under the Goliath name for electric vehicles and cordless consumer electronics. It also provides solid state batteries for healthcare under the Stereax name for neurostimulation, cardiac sensing, smart orthopaedics, smart orthodontics, smart contact lenses, and industrial IoT sensors. Ilika plc was founded in 2004 and is headquartered in Romsey, the United Kingdom.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ilika plc reported revenue of £73.5K in FY2025 versus £230K in FY2021, a compound −24.9%/yr. Reported net income was −£5.9M in FY2025.
IKA screens 84% overvalued. Compare with Contemporary Amperex Technology Co →
Peer Group
Electrical Equipment & Parts · 525 stocks
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.
Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Contemporary Amperex Technology Co 3750 | HK$652.50 | HK$394.19 | -40% |
| Delta Electronics (Thailand) Public Company DELTA | 269.00 THB | 40.28 THB | -85% |
| LG Energy Solution, Ltd 373220 | 365,500 KRW | 201,455 KRW | -45% |
| WEG S.A WEGE3 | 14,900 ARS | 4,338 ARS | -71% |
| Sungrow Power Supply Co 300274 | ¥117.53 | ¥123.83 | +5% |
| HD Hyundai Electric Co 267260 | 782,000 KRW | 371,133 KRW | -53% |
| LS ELECTRIC Co 010120 | 208,500 KRW | 29,594 KRW | -86% |
| Hyosung Heavy Industries Corporation 298040 | 2,892,000 KRW | 1,013,099 KRW | -65% |
| Hitachi Energy India Limited POWERINDIA | ₹35,800 | ₹6,106 | -83% |
| Polycab India Limited POLYCAB | ₹9,289 | ₹3,218 | -65% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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