Invinity Energy Systems plc

AQSE Growth Market -
Invinity Energy Systems plc is a global manufacturer of vanadium flow batteries (VFB), a leading alternative to lithium-ion technology. Ideally placed to address the substantial demand for long-duration utility-grade stationary energy storage solutions, Invinity has deployed its modular battery systems at over 50 sites across 15 countries, more than any other company in the space.

Invinity’s flow batteries have been designed from the ground up to meet the large scale, high-throughput energy requirements of business, industry and electrical networks around the world, helping to accelerate global progress towards net zero. Energy storage systems based on Invinity’s flow batteries are safe, reliable, durable and economical. They unlock low-cost, low-carbon renewable energy which can be dispatched to fill in the “missing hours” when the wind does not blow or the sun does not shine. The company is listed on the AIM Market of the London Stock Exchange (AIM:IES),on the Aquis Stock Exchange (AQSE:IES) and on the OTCQX Best Market.

To find out more, visit invinity.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 35 37 36 36.5 1278747 02.12.22

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Key Information

  
Market Cap: £41,809,554
ISIN:JE00BLR94N79
Par:0.01
Inst Type:Ordinaries
Symbol:IES
MIFID Status:MTF
Tradable securities in issue:116,137,651
Sector:Alternative Energy
% daily price change:-1.37%

Latest Trades

Date & Time Volume Price
02.12.22  |  16:29:38838035.8001
02.12.22  |  16:29:08132435.8001
02.12.22  |  16:28:44100036.98
02.12.22  |  16:17:16136.94
02.12.22  |  16:15:11255735.665
02.12.22  |  16:14:50268636.9999
02.12.22  |  16:14:16268636.9999
02.12.22  |  16:13:46672836.7999
02.12.22  |  16:12:25538336.7999
02.12.22  |  16:05:32695036.0001

Financial Information

Performance

Earnings per share for 2021 of -24.08p was -37.65p in 2019. The change in EPS over the period is 36%. 3 year earnings trend is showing a growth. Earnings trend over 5 year is showing a decline.

Earnings per share   % growth (1)
   
 12/20209%
 12/2021-41%
   
Average over 3 periods+-20%
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 4.6 in 2021 has improved from 30.4 in 2019. Revenue over the period have increased at a faster pace than the increased in Operating costs .

Cost to Revenue ratio (2)   Multiple to Revenue
   
 12/201930.4x
 12/202029.4x
 12/20214.6x
   
Average multiple over 3 periods+8.8x
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-6x
EBIT-6x
NI-5x
FCF-4.5x
DPS-
Assets1.6x
CE2.1x

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 -4.5x 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.

Click here to download a glossary of terms.

All data provided by Fregnan.

Last results date:     31.12.21
Enterprise Value £106.76m
EV/EBITDA (6.01)
EV/EBIT (5.97)
   
PE Ratio (3.82)
PEG (32.10)%
Dividend Yield -
Free Cash Yield (29.04)%

Click here to download a glossary of terms.

All data provided by Fregnan.

31.12.19
(£'000)
31.12.20
(£'000)
31.12.21
(£'000)
Income Statement      
Revenue 2274063,185
Operating Income (EBIT) (6,945)(12,643)(17,876)
Net Income (6,842)(24,271)(21,372)
       
Balance Sheet      
Cash 1,24321,76026,355
Total Debt 1,143595420
Total Liabilities 2,8517,79515,401
Total Equity 12,58842,35151,240
       
Operating Margin (3,059.47)%(3,114.04)%(561.26)%
EPS - Basic (37.65)p(40.99)p(24.08)p
EPS - Growth 2,060.92%8.89%(41.27)%
Dividend Per Share ---
Average Shares Outstanding 18.17m59.21m88.77m
       
ROA (39.64%)(74.01%)(36.60%)
ROCE (44.70%)(44.61%)(37.79%)
ROE (45.77%)(88.36%)(45.67%)

Click here to download a glossary of terms.

All data provided by Fregnan.

31.12.19
(£'000)
31.12.20
(£'000)
31.12.21
(£'000)
Revenue 2274063,185
Cost of Revenue 2601,1146,506
Depreciation & Amortisation 15139116
Gross Profit (48)(847)(3,437)
Other Operating Expenses 6,89711,79614,439
Operating Income (EBIT) (6,945)(12,643)(17,876)
Net Interest Expense 282,29845
Unusual Expense (incl. Exceptionals) -6,2023,432
Non-Operating Expense (407)(3,128)(19)
Profit (pre-tax) (7,380)(24,271)(21,372)
Taxation (5)--
Other Expenses and Minortity Interest 543--
Net Income (6,842)(24,271)(21,372)

Click here to download a glossary of terms.

All data provided by Fregnan.

31.12.19
(£'000)
31.12.20
(£'000)
31.12.21
(£'000)
Cash from Operations (6,667)(10,916)(22,964)
Cash from Investing 622(358)(751)
Cash from Financing 4,01631,99728,104
Other Miscellaneous ---
Net Cash Flow (2,029)20,7234,389

Click here to download a glossary of terms.

All data provided by Fregnan.

31.12.19
(£'000)
31.12.20
(£'000)
31.12.21
(£'000)
Current Assets 2,32524,31040,439
Non-Current Assets 13,11425,83626,202
Total Assets 15,43950,14666,641
Current Liabilities 1,7087,20014,981
Non-Current Liabilities 1,143595420
Total Liabilities 2,8517,79515,401
Net Assets 12,58842,35151,240
Total Equity 12,58842,35151,240

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.