Metacon: Providing 'picks and shovels' for the green hydrogen industry
Green hydrogen equipment provider Metacon has grown its revenues significantly by securing several electrolyzer orders. With the strong demand outlook for green hydrogen, we see potential for continued robust revenue growth. Due to still negative cash flow, Metacon has depended on share issues to finance its operations. Large orders could quickly take the company to cash flow positivity, but visibility into future orders and profitability improvements is currently low, and further equity issues are possible. Hence, we currently see the stock’s short-term drivers and risk-to-reward ratio as insufficient.
Metacon
Metacon is an energy technology company that develops and sells small and large energy systems for the production of hydrogen, electricity and heat. The company was founded in 2011 and has patented technology for the production of hydrogen gas from biogas or other hydrocarbons. The range consists, for example, of gas stations and larger CHP systems. The company has its headquarters in Örebro.
Read more on company pageKey Estimate Figures15.03
2022 | 23e | 24e | |
---|---|---|---|
Omsætning | 63,8 | 81,9 | 148,1 |
vækst-% | 526,60 % | 28,26 % | 80,87 % |
EBIT (adj.) | -62,9 | -64,0 | -79,8 |
EBIT-% (adj.) | -98,61 % | -78,23 % | -53,91 % |
EPS (adj.) | -0,22 | -0,19 | -0,12 |
Udbytte | 0,00 | 0,00 | 0,00 |
Udbytte % | |||
P/E (adj.) | - | - | - |
EV/EBITDA | - | - | - |