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PLUG POWER INC (PLUG) Stock Fundamental Analysis

NASDAQ:PLUG - Nasdaq - US72919P2020 - Common Stock

2.2  -0.24 (-9.84%)

After market: 2.2 0 (0%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to PLUG. PLUG was compared to 93 industry peers in the Electrical Equipment industry. PLUG may be in some trouble as it scores bad on both profitability and health. PLUG is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year PLUG has reported negative net income.
In the past year PLUG has reported a negative cash flow from operations.
In the past 5 years PLUG always reported negative net income.
In the past 5 years PLUG always reported negative operating cash flow.
PLUG Yearly Net Income VS EBIT VS OCF VS FCFPLUG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 -500M -1B -1.5B

1.2 Ratios

With a Return On Assets value of -29.88%, PLUG is not doing good in the industry: 61.54% of the companies in the same industry are doing better.
PLUG has a Return On Equity (-46.60%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -29.88%
ROE -46.6%
ROIC N/A
ROA(3y)-16.07%
ROA(5y)-17.53%
ROE(3y)-25.02%
ROE(5y)-36.19%
ROIC(3y)N/A
ROIC(5y)N/A
PLUG Yearly ROA, ROE, ROICPLUG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 -50 -100 -150 -200

1.3 Margins

PLUG does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
PLUG Yearly Profit, Operating, Gross MarginsPLUG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -50 -100 -150

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2

2. Health

2.1 Basic Checks

PLUG does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for PLUG has been increased compared to 1 year ago.
Compared to 5 years ago, PLUG has more shares outstanding
Compared to 1 year ago, PLUG has a worse debt to assets ratio.
PLUG Yearly Shares OutstandingPLUG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M
PLUG Yearly Total Debt VS Total AssetsPLUG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

PLUG has an Altman-Z score of -1.24. This is a bad value and indicates that PLUG is not financially healthy and even has some risk of bankruptcy.
PLUG has a worse Altman-Z score (-1.24) than 69.23% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that PLUG is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.15, PLUG is in line with its industry, outperforming 59.34% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF N/A
Altman-Z -1.24
ROIC/WACCN/A
WACC10.75%
PLUG Yearly LT Debt VS Equity VS FCFPLUG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B

2.3 Liquidity

A Current Ratio of 2.08 indicates that PLUG has no problem at all paying its short term obligations.
PLUG has a Current ratio of 2.08. This is comparable to the rest of the industry: PLUG outperforms 58.24% of its industry peers.
PLUG has a Quick Ratio of 2.08. This is a bad value and indicates that PLUG is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.95, PLUG is doing worse than 63.74% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.08
Quick Ratio 0.95
PLUG Yearly Current Assets VS Current LiabilitesPLUG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

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5

3. Growth

3.1 Past

PLUG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.08%.
PLUG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -25.89%.
The Revenue has been growing by 38.61% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-36.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.44%
Revenue 1Y (TTM)-25.89%
Revenue growth 3Y42.74%
Revenue growth 5Y38.61%
Sales Q2Q%-12.57%

3.2 Future

Based on estimates for the next years, PLUG will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.05% on average per year.
PLUG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.84% yearly.
EPS Next Y45.04%
EPS Next 2Y31.25%
EPS Next 3Y21.96%
EPS Next 5Y14.05%
Revenue Next Year-21.77%
Revenue Next 2Y-0.26%
Revenue Next 3Y9.69%
Revenue Next 5Y14.84%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
PLUG Yearly Revenue VS EstimatesPLUG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1B 2B 3B 4B
PLUG Yearly EPS VS EstimatesPLUG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 0 -1 -2

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for PLUG. In the last year negative earnings were reported.
Also next year PLUG is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
PLUG Price Earnings VS Forward Price EarningsPLUG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
PLUG Per share dataPLUG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 -2 3

4.3 Compensation for Growth

PLUG's earnings are expected to grow with 21.96% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y31.25%
EPS Next 3Y21.96%

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0

5. Dividend

5.1 Amount

PLUG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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PLUG POWER INC

NASDAQ:PLUG (1/21/2025, 8:20:58 PM)

After market: 2.2 0 (0%)

2.2

-0.24 (-9.84%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-12 2024-11-12/bmo
Earnings (Next)N/A N/A
Inst Owners46.33%
Inst Owner Change-0.13%
Ins Owners0.49%
Ins Owner Change6.81%
Market Cap2.00B
Analysts64.57
Price Target3.1 (40.91%)
Short Float %24.12%
Short Ratio3.02
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.93%
Min EPS beat(2)-20.63%
Max EPS beat(2)-1.24%
EPS beat(4)0
Avg EPS beat(4)-50.05%
Min EPS beat(4)-141.83%
Max EPS beat(4)-1.24%
EPS beat(8)0
Avg EPS beat(8)-46.7%
EPS beat(12)0
Avg EPS beat(12)-50.56%
EPS beat(16)0
Avg EPS beat(16)-116.09%
Revenue beat(2)0
Avg Revenue beat(2)-21.5%
Min Revenue beat(2)-24.01%
Max Revenue beat(2)-18.98%
Revenue beat(4)0
Avg Revenue beat(4)-19.01%
Min Revenue beat(4)-25.18%
Max Revenue beat(4)-7.88%
Revenue beat(8)2
Avg Revenue beat(8)-13.35%
Revenue beat(12)3
Avg Revenue beat(12)-12.2%
Revenue beat(16)5
Avg Revenue beat(16)-9.22%
PT rev (1m)0%
PT rev (3m)-28.47%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-21.13%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.1%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-22.91%
Revenue NY rev (1m)-0.3%
Revenue NY rev (3m)-15.05%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.04
P/FCF N/A
P/OCF N/A
P/B 0.66
P/tB 0.7
EV/EBITDA N/A
EPS(TTM)-2.15
EYN/A
EPS(NY)-0.63
Fwd EYN/A
FCF(TTM)-1.45
FCFYN/A
OCF(TTM)-0.92
OCFYN/A
SpS0.72
BVpS3.32
TBVpS3.13
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -29.88%
ROE -46.6%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-16.07%
ROA(5y)-17.53%
ROE(3y)-25.02%
ROE(5y)-36.19%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score1
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 565.83%
Cap/Sales 72.88%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.08
Quick Ratio 0.95
Altman-Z -1.24
F-Score1
WACC10.75%
ROIC/WACCN/A
Cap/Depr(3y)901.79%
Cap/Depr(5y)628.73%
Cap/Sales(3y)60.9%
Cap/Sales(5y)41.09%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-36.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%44.44%
EPS Next Y45.04%
EPS Next 2Y31.25%
EPS Next 3Y21.96%
EPS Next 5Y14.05%
Revenue 1Y (TTM)-25.89%
Revenue growth 3Y42.74%
Revenue growth 5Y38.61%
Sales Q2Q%-12.57%
Revenue Next Year-21.77%
Revenue Next 2Y-0.26%
Revenue Next 3Y9.69%
Revenue Next 5Y14.84%
EBIT growth 1Y-14.71%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year21.51%
EBIT Next 3Y23.54%
EBIT Next 5Y19.25%
FCF growth 1Y-38.14%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-57.99%
OCF growth 3YN/A
OCF growth 5YN/A