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PLUG POWER INC (PLUG) Stock Fundamental Analysis

NASDAQ:PLUG - Nasdaq - US72919P2020 - Common Stock - Currency: USD

1.66  -0.09 (-5.14%)

After market: 1.6698 +0.01 (+0.59%)

Fundamental Rating

2

PLUG gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 93 industry peers in the Electrical Equipment industry. PLUG has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, PLUG is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

PLUG had negative earnings in the past year.
In the past year PLUG has reported a negative cash flow from operations.
PLUG had negative earnings in each of the past 5 years.
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

PLUG has a worse Return On Assets (-29.88%) than 60.87% of its industry peers.
PLUG has a Return On Equity (-46.60%) which is in line with its industry peers.
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
PLUG has a worse debt/assets ratio than last year.
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

Based on the Altman-Z score of -1.37, we must say that PLUG is in the distress zone and has some risk of bankruptcy.
PLUG's Altman-Z score of -1.37 is on the low side compared to the rest of the industry. PLUG is outperformed by 65.22% of its industry peers.
A Debt/Equity ratio of 0.15 indicates that PLUG is not too dependend on debt financing.
PLUG's Debt to Equity ratio of 0.15 is in line compared to the rest of the industry. PLUG outperforms 59.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.15
Debt/FCF N/A
Altman-Z -1.37
ROIC/WACCN/A
WACC8.14%
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

PLUG has a Current Ratio of 2.08. This indicates that PLUG is financially healthy and has no problem in meeting its short term obligations.
PLUG has a Current ratio (2.08) which is in line with its industry peers.
A Quick Ratio of 0.95 indicates that PLUG may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.95, PLUG is doing worse than 61.96% 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

The earnings per share for PLUG have decreased strongly by -36.08% in the last year.
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 13.61% on average per year.
The Revenue is expected to grow by 14.79% on average over the next years. This is quite good.
EPS Next Y44.89%
EPS Next 2Y31.07%
EPS Next 3Y21.93%
EPS Next 5Y13.61%
Revenue Next Year-21.98%
Revenue Next 2Y-0.51%
Revenue Next 3Y9.21%
Revenue Next 5Y14.79%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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

PLUG reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for PLUG. No positive earnings are expected for the next year.
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

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

A more expensive valuation may be justified as PLUG's earnings are expected to grow with 21.93% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y31.07%
EPS Next 3Y21.93%

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0

5. Dividend

5.1 Amount

No dividends for PLUG!.
Industry RankSector Rank
Dividend Yield N/A

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PLUG POWER INC

NASDAQ:PLUG (2/21/2025, 8:00:01 PM)

After market: 1.6698 +0.01 (+0.59%)

1.66

-0.09 (-5.14%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)11-12 2024-11-12/bmo
Earnings (Next)02-27 2025-02-27/amc
Inst Owners46.33%
Inst Owner Change20.14%
Ins Owners0.49%
Ins Owner Change7.06%
Market Cap1.55B
Analysts56.25
Price Target3.07 (84.94%)
Short Float %29.36%
Short Ratio3.8
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)-0.9%
PT rev (3m)-27.66%
EPS NQ rev (1m)0.22%
EPS NQ rev (3m)-20.86%
EPS NY rev (1m)-0.26%
EPS NY rev (3m)-5.39%
Revenue NQ rev (1m)-1.21%
Revenue NQ rev (3m)-23.84%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-14.7%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.35
P/FCF N/A
P/OCF N/A
P/B 0.51
P/tB 0.54
EV/EBITDA N/A
EPS(TTM)-2.15
EYN/A
EPS(NY)-0.64
Fwd EYN/A
FCF(TTM)-1.41
FCFYN/A
OCF(TTM)-0.9
OCFYN/A
SpS0.71
BVpS3.24
TBVpS3.06
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 -1.37
F-Score1
WACC8.14%
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 Y44.89%
EPS Next 2Y31.07%
EPS Next 3Y21.93%
EPS Next 5Y13.61%
Revenue 1Y (TTM)-25.89%
Revenue growth 3Y42.74%
Revenue growth 5Y38.61%
Sales Q2Q%-12.57%
Revenue Next Year-21.98%
Revenue Next 2Y-0.51%
Revenue Next 3Y9.21%
Revenue Next 5Y14.79%
EBIT growth 1Y-14.71%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year20.04%
EBIT Next 3Y23.25%
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