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Loop Energy (TSX: LPEN)

Last close As at 21/11/2024

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

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Loop Energy: Equalising hydrogen-diesel fuel costs

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Loop Energy: Propelling hydrogen fuel cell growth

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Loop Energy PO guidance upgraded as company reports record revenue

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Three more things every investor needs to know about Loop Energy

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

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