After all, Plug Power is valued at over USD 5 billion even now. But with the stock currently dropping like a stone, investors need more confidence in management. The forecasts for the coming years do not look bad: in 2023, USD 1.4 billion in revenue and a gross margin of 10% in 2024, USD 2.2 billion in revenue and a gross margin of 25% and in 2025, USD 3.3 billion in revenue and 30% gross margin. The loss was equivalent to USD 1.25 per share. The Americans had reported revenues of USD 701 million and a net income of USD -724 million for 2022. Losses are often higher than revenues, and it is uncertain whether this will change. Investors seem to doubt the sustainability of the business models of the entire peer group. Since February alone - when the price was just below USD 18 - the stock has almost halved. In USD, it is trading below 10 and in EUR below 9. Plug Power has yet to reach that point, but at the moment, the share is not finding a foothold. In euro terms, British ITM Power has even become a penny stock. This also applies to the other hydrogen high-flyers, such as Nel and ITM Power. There is no sign of a boost in the Plug Power share at the moment. The update on South Korea should be exciting and could boost the share. That is when Almonty CEO, Lewis Black, will present the Company at the 7th IIF virtual investor conference (link to registration ). Anyone now curious should mark May 10, 2023, in their calendar. ![]() In the coming year, the revenue mark of EUR 100 million should be cracked, the net profit multiplied to over EUR 25 million, and the share finally revaluated. Sphene forecasts that Almonty will increase sales to CAD 60.9 million and net profit to CAD 5.8 million in 2023. That would lead to a massive jump in sales and earnings already in the current year. The analysts at German Sphene Capital expect production to start in South Korea before the end of 2023. For further details on Almonty's figures and prospects, please see the latest update from (link ). Almonty should thus become the leading tungsten producer outside China. A milestone will be the start of the tungsten mine in South Korea, which is to take place before the end of the current year. Both projects in Spain are in further permitting processes. There was still a loss at the group level in 2022, as Almonty is investing heavily in mine development in Spain and South Korea. The operating result (EBITDA) of the mine was positive. That provides the Canadian-based company with gross revenues of CAD 24.8 million in 2022. Today, Almonty already produces about 78,000 metric tonnes of tungsten trioxide from the Panasqueira mine in Portugal. The problem is that the mining areas for this critical metal are primarily located in China and Russia. In addition, tungsten is essential as a hardening metal in alloys for the defence and high-tech industries. It replaces the controversial cobalt and is supposed to improve charging performance, endurance and safety through a higher energy density. The reason: tungsten is urgently needed for the batteries of the next generation. That makes it more important than cobalt, copper and titanium. In the list of the most important metals for the EU, tungsten receives 7 out of 8 possible points. When it comes to critical raw materials for electromobility, tungsten is usually overshadowed by lithium. ![]() Current income is the dividends paid out by the company from its earnings while the investor still owns the stock.Almonty Industries facing revaluation: Tungsten mine to go into production in 2023 A capital gain is a change in the market price of the stock from the time it was purchased to the date it was sold (or the current price if it is still owned)-profits, in other words. ![]() Understanding Total Shareholder Return (TSR)Īn investor makes money from stock in two basic ways: capital gains and current income. TSR is a good gauge of an investment's long-term value, but it is limited to past performance, requires an investment to generate cash flows, and can be sensitive to stock market volatility.TSR represents an easily understood figure of the overall financial benefits generated for stockholders.The formula for calculating TSR is ÷ purchase price.Total shareholder return factors in capital gains and dividends when measuring the total return generated by a stock.Total shareholder return (TSR) is a measure of financial performance, indicating the total amount an investor reaps from an investment-specifically, equities or shares of stock.
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