Windar Photonics (WPHO)

Business description

Windar Photonics is a Copenhagen-based developer and manufacturer of an innovative, low-cost light detection and ranging (LiDAR) system. Approaching wind direction and speed is measured ahead of a wind turbine, allowing appropriate yaw alignment.

Stock data

Market cap.£36.6m
Last close87.50p
High / Low (52 weeks)110.0p / 68.5p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorAlternative Energy

Price performance

%1m3m12m
Actual(4.9)1.7(0.6)
Relative *(6.9)(0.4)(7.6)

* % Relative to local index

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Company news

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 0.9 (2.8) (3.3) (8.4) N/A N/A
2016A 1.2 (2.4) (3.0) (7.3) N/A N/A
2017E N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 18/10/2017

Investment summary

Following the announcement of a transformational contract on 4th December, Windar Photonics issued two announcements later in the month regarding orders related to wind turbine OEMS. Although neither order was of the scale of the earlier transformational contract which was primarily for retrofitting turbines already in the field, they demonstrate the interest OEMs are showing in the technology, which will potentially lead to strong growth in future. We will update our estimates following the pending pre-close trading update.

Last updated on 04/01/2018

Industry outlook

Our estimates and valuation remain suspended until there is more clarity on test programmes with IPPs and wind turbine OEMs converting to volume sales.

Last updated on 02/11/2017

Key management

Martin Rambusch, CEO
Jørgen Laustsen, COO

Company address

Helgeshøj Alle 16-18
DK-2630 Taastrup
Denmark
+45 2055 5599
View website