Intelligent Energy Holdings (IEH)

Business description

Intelligent Energy delivers clean energy solutions for the distributed energy, diesel replacement, automotive and aerial drone markets. It works with international companies to embed its fuel cell stack technology into applications across target markets.

Stock data

Market cap.£15m
Last close7.25p
High / Low (52 weeks)17.2p / 4.5p
Stock market listingLN
Forecast net debt (£m)19.1
Forecast gearing ratio (%)233
TeamIndustrials
SectorGeneral Industrials

Price performance

%1m3m12m
Actual(7.9)11.5(18.8)
Relative *(8.3)8.7(27.1)

* % Relative to local index

Other companies in sector Show

Company news

Intelligent Energy rockets higher after unveiling first sale of fuel cell ...

Thu, 23 Mar 2017 10:04:13 GMT

What's Behind Intelligent Energy Holding PLC's Slump?

Mon, 14 Jul 2014 14:03:45 GMT

Intelligent Energy Holding PLC shares jump on the back of job losses

Mon, 04 Apr 2016 14:45:12 GMT

Intelligent Energy Signs Stationary Power Deal to Supply Fuel Cell Modules ...

Mon, 20 Feb 2017 12:00:00 GMT

Should you buy Blinkx plc, Oxford BioMedica plc and Intelligent Energy Holding ...

Tue, 17 May 2016 11:26:15 GMT

Y/E Sep Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2015A 78.2 (46.2) (51.8) (21.4) N/A N/A
2016A 91.8 (33.4) (42.8) (13.5) N/A N/A
2017E 24.6 (13.2) (21.7) (2.5) N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 17/07/2017

Investment summary

Intelligent Energy’s interims were in line with the guidance given at the AGM in March. The results demonstrate that management has succeeded in reducing cash burn to its stated target of c £1.6m/month. It intends to bring the group to a cash break-even position within the next two years through volume roll-out of standard air-cooled products. Project wins during the period indicate there is appetite for Intelligent Energy’s fuel cell stacks in the target markets, although we note that additional funding will be required to support this process. We leave our estimates unchanged.

Last updated on 17/07/2017

Industry outlook

In line with its focus on commercially ready B2B products, the company has recently launched a new range of fuel cell module products designed specifically for portable and stationary power applications including telecommunications, disaster recovery, portable power generation, back-up power, micro-grids, auxiliary power units and material handling equipment. The new products deliver a range of power outputs from 1kW-4kW and are optimised for hybridisation with batteries, enabling further efficiency.

Last updated on 03/07/2017

Key management

Martin Bloom, CEO
John Maguire, CFO

Company address

Charnwood Building
Holywell Park, Ashby Road
Loughborough
LE11 3GB
United Kingdom
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