ITM Power Net Assets
ITM Power net assets. Based on the latest financial reports, ITM Power (ITM) has net assets worth GBX210.58 Million GBX (≈ $25.62K USD) as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX340.20 Million ≈ $41.39K USD) and total liabilities (GBX129.61 Million ≈ $15.77K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore net asset growth rate of ITM Power to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX210.58 Million |
| % of Total Assets | 61.9% |
| Annual Growth Rate | 24.58% |
| 5-Year Change | 13.58% |
| 10-Year Change | 1827.42% |
| Growth Volatility | 480.36 |
Net Assets of ITM Power (2002–2025)
Net assets of ITM Power from 2002 to 2025. This chart illustrates how ITM Power's net assets have evolved over time, based on quarterly financial data. See ITM Power balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for ITM Power (2002–2025)
The table below shows the annual net assets of ITM Power from 2002 to 2025. For live market cap and overall valuation, see ITM market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-04-30 | GBX224.25 Million ≈ $27.29K |
-16.55% |
| 2024-04-30 | GBX268.72 Million ≈ $32.70K |
-9.07% |
| 2023-04-30 | GBX295.51 Million ≈ $35.95K |
-25.18% |
| 2022-04-30 | GBX394.95 Million ≈ $48.05K |
+100.03% |
| 2021-04-30 | GBX197.45 Million ≈ $24.02K |
+254.19% |
| 2020-04-30 | GBX55.75 Million ≈ $6.78K |
+112.70% |
| 2019-04-30 | GBX26.21 Million ≈ $3.19K |
-26.36% |
| 2018-04-30 | GBX35.59 Million ≈ $4.33K |
+172.31% |
| 2017-04-30 | GBX13.07 Million ≈ $1.59K |
+12.33% |
| 2016-04-30 | GBX11.63 Million ≈ $1.42K |
+12.48% |
| 2015-04-30 | GBX10.34 Million ≈ $1.26K |
-5.96% |
| 2014-04-30 | GBX11.00 Million ≈ $1.34K |
+49.07% |
| 2013-04-30 | GBX7.38 Million ≈ $897.81 |
-4.23% |
| 2012-04-30 | GBX7.71 Million ≈ $937.48 |
-44.02% |
| 2011-04-30 | GBX13.76 Million ≈ $1.67K |
-25.45% |
| 2010-04-30 | GBX18.46 Million ≈ $2.25K |
-21.39% |
| 2009-04-30 | GBX23.49 Million ≈ $2.86K |
-17.81% |
| 2008-04-30 | GBX28.58 Million ≈ $3.48K |
-12.17% |
| 2007-04-30 | GBX32.53 Million ≈ $3.96K |
+393.63% |
| 2006-04-30 | GBX6.59 Million ≈ $801.93 |
-21.93% |
| 2005-04-30 | GBX8.44 Million ≈ $1.03K |
+2332.85% |
| 2004-04-30 | GBX347.00K ≈ $42.22 |
-59.70% |
| 2003-04-30 | GBX861.00K ≈ $104.76 |
-39.75% |
| 2002-04-30 | GBX1.43 Million ≈ $173.87 |
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Equity Component Analysis
This analysis shows how different components contribute to ITM Power's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 34768600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
ITM Power Net Assets Breakdown (April 2025)
ITM Power net assets breakdown by equity component as of April 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX30.87 Million | 13.77% |
| Other Comprehensive Income | GBX300.00K | 0.13% |
| Other Components | GBX540.86 Million | 241.18% |
| Total Equity | GBX224.25 Million | 100.00% |
ITM Power Competitors by Market Cap
The table below lists competitors of ITM Power ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nutritional Growth Solutions Ltd
AU:NGS
|
$6.55 Million |
|
Electroarges S
RO:ELGS
|
$6.55 Million |
|
Pipe Works L. Girakian Profil S.A.
AT:PROFK
|
$6.55 Million |
|
Digitree Group S.A
WAR:DTR
|
$6.55 Million |
|
Orange Minerals NL
AU:OMX
|
$6.54 Million |
|
Cymat Technologies Ltd.
V:CYM
|
$6.53 Million |
|
Prakash Steelage Limited
NSE:PRAKASHSTL
|
$6.53 Million |
|
Trellidor Holdings Ltd
JSE:TRL
|
$6.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ITM Power's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 268,718,000 to 224,255,000, a change of -44,463,000 (-16.5%).
- Net loss of 45,515,000 reduced equity.
- New share issuances of 118,000 increased equity.
- Other comprehensive income increased equity by 1,927,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-45.52 Million | -20.3% |
| Share Issuances | GBX118.00K | +0.05% |
| Other Comprehensive Income | GBX1.93 Million | +0.86% |
| Other Changes | GBX-993.00K | -0.44% |
| Total Change | GBX- | -16.55% |
Book Value vs Market Value Analysis
This analysis compares ITM Power's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 214.70x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5008.96x to 214.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-04-30 | GBX0.02 | GBX78.00 | x |
| 2003-04-30 | GBX0.01 | GBX78.00 | x |
| 2004-04-30 | GBX0.00 | GBX78.00 | x |
| 2005-04-30 | GBX0.09 | GBX78.00 | x |
| 2006-04-30 | GBX0.07 | GBX78.00 | x |
| 2007-04-30 | GBX0.32 | GBX78.00 | x |
| 2008-04-30 | GBX0.28 | GBX78.00 | x |
| 2009-04-30 | GBX0.23 | GBX78.00 | x |
| 2010-04-30 | GBX0.18 | GBX78.00 | x |
| 2011-04-30 | GBX0.13 | GBX78.00 | x |
| 2012-04-30 | GBX0.07 | GBX78.00 | x |
| 2013-04-30 | GBX0.06 | GBX78.00 | x |
| 2014-04-30 | GBX0.08 | GBX78.00 | x |
| 2015-04-30 | GBX0.06 | GBX78.00 | x |
| 2016-04-30 | GBX0.06 | GBX78.00 | x |
| 2017-04-30 | GBX0.06 | GBX78.00 | x |
| 2018-04-30 | GBX0.12 | GBX78.00 | x |
| 2019-04-30 | GBX0.08 | GBX78.00 | x |
| 2020-04-30 | GBX0.14 | GBX78.00 | x |
| 2021-04-30 | GBX0.39 | GBX78.00 | x |
| 2022-04-30 | GBX0.68 | GBX78.00 | x |
| 2023-04-30 | GBX0.48 | GBX78.00 | x |
| 2024-04-30 | GBX0.44 | GBX78.00 | x |
| 2025-04-30 | GBX0.36 | GBX78.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ITM Power utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -20.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -174.79%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.52x
- Recent ROE (-20.30%) is above the historical average (-39.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -6.23% | 0.00% | 0.00x | 1.05x | GBX-231.90K |
| 2003 | -65.85% | 0.00% | 0.00x | 1.06x | GBX-653.10K |
| 2004 | -171.47% | 0.00% | 0.00x | 1.56x | GBX-629.70K |
| 2005 | -14.29% | 0.00% | 0.00x | 1.02x | GBX-2.05 Million |
| 2006 | -28.22% | 0.00% | 0.00x | 1.04x | GBX-2.52 Million |
| 2007 | -8.43% | 0.00% | 0.00x | 1.01x | GBX-6.00 Million |
| 2008 | -13.97% | -44355.56% | 0.00x | 1.02x | GBX-6.85 Million |
| 2009 | -21.95% | 0.00% | 0.00x | 1.02x | GBX-7.50 Million |
| 2010 | -27.36% | 0.00% | 0.00x | 1.03x | GBX-6.90 Million |
| 2011 | -41.94% | -72150.00% | 0.00x | 1.07x | GBX-7.15 Million |
| 2012 | -81.03% | -1300.63% | 0.06x | 1.13x | GBX-7.01 Million |
| 2013 | -80.00% | -6785.06% | 0.01x | 1.24x | GBX-6.64 Million |
| 2014 | -70.81% | -691.13% | 0.08x | 1.23x | GBX-8.89 Million |
| 2015 | -54.24% | -343.18% | 0.12x | 1.33x | GBX-6.65 Million |
| 2016 | -34.38% | -207.25% | 0.14x | 1.15x | GBX-5.16 Million |
| 2017 | -28.92% | -156.52% | 0.12x | 1.51x | GBX-5.09 Million |
| 2018 | -17.18% | -186.29% | 0.07x | 1.25x | GBX-9.68 Million |
| 2019 | -36.06% | -205.95% | 0.10x | 1.71x | GBX-12.07 Million |
| 2020 | -53.03% | -898.24% | 0.04x | 1.49x | GBX-35.14 Million |
| 2021 | -14.03% | -647.88% | 0.02x | 1.16x | GBX-47.44 Million |
| 2022 | -11.82% | -829.82% | 0.01x | 1.16x | GBX-86.19 Million |
| 2023 | -34.25% | -1935.38% | 0.01x | 1.36x | GBX-130.75 Million |
| 2024 | -10.13% | -164.90% | 0.04x | 1.42x | GBX-54.10 Million |
| 2025 | -20.30% | -174.79% | 0.08x | 1.52x | GBX-67.94 Million |
Industry Comparison
This section compares ITM Power's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $124,654,562
- Average return on equity (ROE) among peers: 0.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ITM Power (ITM) | GBX210.58 Million | -6.23% | 0.62x | $6.55 Million |
| Avingtrans Plc (AVG) | $22.86 Million | 5.52% | 0.82x | $3.08 Million |
| Bodycote PLC (BOY) | $453.90 Million | 9.50% | 0.96x | $19.19 Million |
| Castings PLC (CGS) | $59.13 Million | 10.28% | 0.27x | $1.48 Million |
| Clean Power Hydrogen PLC (CPH2) | $2.19 Million | -75.58% | 1.00x | $70.24K |
| EQTEC plc (EQT) | $1.36 Million | 0.00% | 6.90x | $3.20 Million |
| Goodwin PLC (GDWN) | $2.95 Million | 7.19% | 1.50x | $13.63 Million |
| IMI PLC (IMI) | $246.20 Million | 15.15% | 1.21x | $82.62 Million |
| Morgan Advanced Materials plc (MGAM) | $292.80 Million | 26.33% | 1.92x | $8.71 Million |
| MPAC Group PLC (MPAC) | $40.50 Million | 8.64% | 1.18x | $106.76 Million |
About ITM Power
ITM Power Plc designs and manufactures proton exchange membrane (PEM) electrolysers in the United Kingdom, Germany, rest of Europe, the United States, Australia, and internationally. Its product portfolio comprises TRIDENT, an PEM electrolysers stack technology; NEPTUNE, a 2MW plug and play electrolyser for small to mid-size projects; and POSEIDON, a 20 MW electrolysis process module for large-sc… Read more