ITM Power Plc (ITM) Fair Value & Analysis
Industrials · GB · Market cap 1.3B GBX
Fair value as of: Jun 24, 2026
From 2 valuation models · updated 5 days ago
Share price −41.2% over the past month.
Price vs Fair Value (12 months)
12‑month range £0.6425 – £2.31 · fair‑value band £1.10 – £1.83 · the £1.26 price screens below the £1.46 fair value. As of Jun 24, 2026.
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ITM Power Plc (ITM) currently trades at £1.26, while our model-based Fair Value estimate is £1.46 — implying the stock looks roughly 15.6% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.
Trailing-twelve-month revenue stands at £28.5M. Revenue grew 16.0% year over year. It earns a return on equity of -13.7%. The balance sheet holds a net cash position of £195M. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, rest of Europe, the United States, Australia, and internationally. Its product portfolio comprises TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a 20 MW electrolysis process module for large-scale projects. ITM Power Plc was founded in 2000 and is headquartered in Sheffield, the United Kingdom.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
ITM Power Plc reported revenue of £26.0M in FY2025 versus £4.3M in FY2021, a compound +57.1%/yr. Reported net income was −£45.5M in FY2025.
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.