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Loop Energy (TSX: LPEN)

Last close As at 04/11/2024

0.10

▲ −0.03 (−23.08%)

Market capitalisation

3m

Latest Insights

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Industrials | edison tv

Loop Energy: Equalising hydrogen-diesel fuel costs

Industrials | Initiation

Loop Energy — Commercial orders underway

edison tv

Loop Energy – executive interview

Industrials | edison tv

Webinar: Loop Energy – 2022 objectives
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Sector

Industrials

Balance Sheet

Forecast net debt (C$m)

2.6

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (47.4) (83.9) (94.2)
Relative (45.5) (82.5) (94.0)
52 week high/low C$1.8/C$0.1

Financials

Loop Energy’s patented PEM fuel cell technology has a leading combination of fuel efficiency, power density and durability, resulting in an attractive total cost of ownership (TCO), providing the company with a competitive advantage. This is supported by a recent transformational commercial order with electric truck maker Tevva, won via a competitive tender process. Loop Energy is targeting disruptors and early movers in electrification of the return-to-base fleet segment of road transport, which should help it to ramp up sales and drive down costs relatively quickly. We consider only the truck and bus markets, which are a portion of the company’s total addressable market, and estimate a US$4bn market in 2030 and a c US$60bn market by 2050. Our DCF valuation for Loop Energy implies C$4.5/share at a 15% cost of capital, which is more than double the current share price. This increases sharply as the investment case de-risks.

Y/E Dec Revenue (C$m) EBITDA (C$m) PBT (C$m) EPS (fd) (c) P/E (x) P/CF (x)
2020A 0.5 (7.5) (8.9) (43.98) N/A N/A
2021A 1.4 (23.5) (25.1) (74.77) N/A N/A
2022E 4.2 (39.4) (42.5) (118.89) N/A N/A
2023E 28.0 (43.9) (47.6) (132.48) N/A N/A

Research

Initiation

Industrials

Loop Energy — Commercial orders underway

edison tv

Loop Energy – executive interview

Industrials

edison tv

Loop Energy: Equalising hydrogen-diesel fuel costs

edison tv

Industrials

Webinar: Loop Energy – 2022 objectives

Further insights

Image 1

insight

Industrials

Loop Energy: Equalising hydrogen-diesel fuel costs

insight

Industrials

Loop Energy: Propelling hydrogen fuel cell growth

insight

Industrials

Loop Energy PO guidance upgraded as company reports record revenue

insight

Industrials

Three more things every investor needs to know about Loop Energy

insight

Industrials

Seven things investors need to know about hydrogen fuel cells and Loop Energy

Thematics

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The art of measurement – Challenges in metrology

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Industrials

Deutsches Eigenkapitalforum (EKF) 2023 industrials

thematic

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The long and winding road

thematic

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Quantum computing: A booming industry
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