Invinity Energy Systems plc

AQSE Growth Market -
Invinity Energy Systems plc manufactures flow batteries for large-scale, high-throughput energy storage requirements of business, industry, and electrical networks. Invinity's factory-built flow batteries run continually with no degradation for over 25 years, making them suitable for the most demanding applications in renewable energy production. Energy storage systems based on Invinity's batteries are safe, reliable, and economical, and range in size from less than 250 kilowatt-hours to tens of megawatt-hours. Invinity was created in April 2020 through the merger of two flow battery industry leaders: redT energy plc and Avalon Battery Corporation. With over 25 MWh of systems deployed to date across more than 40 sites in 15 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China, Australia, and South Africa. Invinity Energy Systems plc is listed on the Aquis Stock Exchange and the London Stock Exchange.

To find out more, visit invinty.com or call Investor Relations on +44 (0)204 551 0361
Symbol Ccy Code Bid Ask Share Price (Mid) Previous Close Volume Last Traded
IES GBX 39 42 40.5 40.5 85367 09.08.22

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Key Information

  
Market Cap: £47,000,123
ISIN:JE00BLR94N79
Par:0.5
Inst Type:Ordinaries
Symbol:IES
MIFID Status:MTF
Tradable securities in issue:116,049,686
Sector:Alternative Energy
% daily price change:0.00%

Latest Trades

Date & Time Volume Price
09.08.22  |  14:49:421250039.99
09.08.22  |  11:53:08354239.26
09.08.22  |  10:16:57942940.55
09.08.22  |  09:59:35144840.62
09.08.22  |  09:58:08265240.02
09.08.22  |  09:54:20726340.45
09.08.22  |  09:44:14200040.45
09.08.22  |  09:38:51400040.6
09.08.22  |  09:25:48710840.02
09.08.22  |  09:16:07500040.02

Financial Information

Performance

Earnings per share for 2020 of -40.99p was -1.74p in 2018. The change in EPS over the period is 2256%. 3 year earnings trend is showing a decline. Earnings trend over 5 year is showing a decline.

Earnings per share   % growth (1)
   
 12/201921%
 12/20200%
   
Average over 3 periods+2%
Strength in EPS trend ±
Low
High

(1) % growth is year on year % change in EPS.

Basic earnings per share are earnings from continuing and discontinued operations that are attributable to current equity holders.

Business Insight

Cost to Revenue ratio of 29.4 in 2020 has declined from 5 in 2018. Operating costs over the period have decreased at a faster pace than the decreased in Revenue .

Cost to Revenue ratio (2)   Multiple to Revenue
   
 12/20185.0x
 12/201930.4x
 12/202029.4x
   
Average multiple over 3 periods+10.0x
Strength of cost to revenue relationship ±
Low
High

(2) Costs include selling and admin, depreciation, amortisation and other operating costs.

Valuation

Financial Metric
Price multiple to metric
Relationship strength between metric and share price ±
  
EBITDA-15.9x
EBIT-15.7x
NI-8.2x
FCF-17.6x
DPS-
Assets4x
CE4.6x

The Relationship Strength is statistical measure of how close the data is to a line of best-fit line between share price and the metric shown. It is scaled between zero (no relationship) and 5 (strong relationship).

The Relationship Strength is statisical measure of how close the data is to a line of best-fit line between share price and the metric shown. It is scaled between zero (no relationship) and 5 (strong relationship). In this case Free Cash Flow to Equity has the strongest relationship to share price, with the company's Market Capital value at -17.6x Free Cash Flow to Equity.

+ In cases of change in accounting period length, the average is for the last 3 periods. In all cases, it is dependent on published available data and may be for periods shorter than 3 years

± The ‘Strength’ bar shows the strength of the statistical linear relationship of the metrics shown in the chart over the last three periods of data.

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All data provided by Fregnan.

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All data provided by Fregnan.

Last results date:     31.12.20
Enterprise Value £198.16m
EV/EBITDA (15.85)
EV/EBIT (15.67)
   
PE Ratio (5.63)
PEG 442.23%
Dividend Yield -
Free Cash Yield (8.25)%

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All data provided by Fregnan.

31.12.18
(£'000)
31.12.19
(£'000)
31.12.20
(£'000)
Income Statement      
Revenue 2,524227406
Operating Income (EBIT) (12,282)(6,945)(12,643)
Net Income (12,522)(6,842)(24,271)
       
Balance Sheet      
Cash 3,3441,24321,760
Total Debt -1,143595
Total Liabilities 1,7752,8517,795
Total Equity 17,30812,58842,351
       
Operating Margin (486.61)%(3,059.47)%(3,114.04)%
EPS - Basic (1.74)p(37.65)p(40.99)p
EPS - Growth 49.06%2,060.92%8.89%
Dividend Per Share ---
Average Shares Outstanding 718.77m18.17m59.21m
       
ROA (57.53%)(39.64%)(74.01%)
ROCE (63.78%)(44.70%)(44.61%)
ROE (66.13%)(45.77%)(88.36%)

Click here to download a glossary of terms.

All data provided by Fregnan.

31.12.18
(£'000)
31.12.19
(£'000)
31.12.20
(£'000)
Revenue 2,524227406
Cost of Revenue 2,1702601,114
Depreciation & Amortisation 29715139
Gross Profit 57(48)(847)
Other Operating Expenses 12,3396,89711,796
Operating Income (EBIT) (12,282)(6,945)(12,643)
Net Interest Expense -282,298
Unusual Expense (incl. Exceptionals) --6,202
Non-Operating Expense (161)(407)(3,128)
Profit (pre-tax) (12,443)(7,380)(24,271)
Taxation (92)(5)-
Other Expenses and Minortity Interest 13543-
Net Income (12,522)(6,842)(24,271)

Click here to download a glossary of terms.

All data provided by Fregnan.

31.12.18
(£'000)
31.12.19
(£'000)
31.12.20
(£'000)
Cash from Operations (11,484)(6,667)(10,916)
Cash from Investing (382)622(358)
Cash from Financing 8,5064,01631,997
Other Miscellaneous ---
Net Cash Flow (3,360)(2,029)20,723

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All data provided by Fregnan.

31.12.18
(£'000)
31.12.19
(£'000)
31.12.20
(£'000)
Current Assets 5,0542,32524,310
Non-Current Assets 14,02913,11425,836
Total Assets 19,08315,43950,146
Current Liabilities 1,7401,7087,200
Non-Current Liabilities 351,143595
Total Liabilities 1,7752,8517,795
Net Assets 17,30812,58842,351
Total Equity 17,30812,58842,351

Click here to download a glossary of terms.

All data provided by Fregnan.

Address

Business Address

Invinity Energy Systems plc, Suite 4.12 Clerkenwell Workshops, 27-31 Clerkenwell Close, London, EC1R 0AT, United Kingdom.

Email: ir@invinity.com

Phone: +44 (0)204 551 0361

Registered Address

3rd Floor, Standard Bank House, 47-49 La Motte Street, St Helier, JE2 4SZ, Jersey.

Contacts

Corporate Adviser

VSA Capital Group plc, Park House, 16-18 Finsbury Circus, London, United Kingdom.

Email: amonk@vsacapital.com

Phone: 020 3005 5000

Registrar

Computershare Investor Services (Jersey) Limited, Queensway House,Hillgrove Street, St Helier, JE4 9XY, Jersey.

Research


There is no research available.