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Invinity Energy Systems plc manufactures and sells vanadium flow batteries and related hardware for energy storage markets in Asia, Australia, Europe, and North America. It also provides other services. The company sells its products under the Invinity ENDURIUM and Invinity VS3 brands. It serves utilities and power producers, commercial and industrial, and independent industries. Invinity Energy Systems plc was incorporated in 2006 and is based in London, the United Kingdom.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Invinity Energy Systems PLC develops and supplies vanadium redox flow battery systems for long-duration stationary energy storage serving utilities and commercial and industrial customers. Long-term growth drivers include rising renewable penetration that may increase demand for multi-hour storage, opportunities to scale manufacturing and project deployment, and interest in durable, recyclable chemistries that could support grid flexibility. Investors may find the company attractive for its focus on modular, long-life systems that appears positioned to address decarbonization needs.
Key risks include a history of losses, dependence on successful project execution and commercial scale-up, competition from lower-cost lithium-ion alternatives, vanadium supply and price volatility, and potential financing constraints.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -22.80M | -25.13M | -18.54M | -21.37M | -24.27M |
| Net income | -22.80M | -23.18M | -18.59M | -21.04M | -29.04M |
| Selling general administrative | 4.04M | 4.31M | 5.73M | 3.42M | 2.59M |
| Selling and marketing expenses | 0.85M | 1.05M | 0.40M | 0.25M | 0.10M |
| Gross profit | -3.51M | -3.35M | 0.02M | -3.44M | -0.97M |
| Reconciled depreciation | 1.38M | 1.40M | 1.35M | 0.73M | 6.71M |
| Ebit | -22.69M | -22.37M | -18.93M | -21.26M | -20.23M |
| Ebitda | -21.31M | -20.97M | -17.07M | -20.97M | -12.79M |
| Depreciation and amortization | 1.38M | 1.40M | 1.86M | 0.29M | 7.44M |
| Operating income | -24.06M | -22.78M | -18.93M | -21.26M | -20.23M |
| Other operating expenses | 29.07M | 44.78M | 21.88M | 24.82M | 18.17M |
| Interest expense | 0.10M | 0.81M | 0.07M | 0.04M | 2.30M |
| Tax provision | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Interest income | 1.22M | 0.30M | 0.06M | 0.00M | 0.00M |
| Net interest income | 1.25M | -0.51M | -0.00M | -0.04M | -2.30M |
| Income tax expense | - | -1.95M | 0.05M | -0.33M | 4.77M |
| Total revenue | 5.01M | 22.01M | 2.94M | 3.19M | 0.41M |
| Total operating expenses | 20.54M | 19.42M | 18.95M | 18.20M | 16.80M |
| Cost of revenue | 8.53M | 25.36M | 2.93M | 6.62M | 1.37M |
| Total other income expense net | 1.26M | -2.35M | 0.40M | -0.11M | -4.04M |
| Net income from continuing ops | -22.80M | -23.18M | -18.54M | -21.37M | -24.27M |
| Net income applicable to common shares | - | - | -18.54M | -21.37M | -24.27M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 75.56M | 41.97M | 53.09M | 66.64M | 50.15M |
| Intangible assets | 0.01M | 0.06M | 0.11M | 0.15M | 0.18M |
| Other current assets | 4.13M | 2.27M | 8.78M | 8.29M | 1.45M |
| Total liab | 9.89M | 8.16M | 18.70M | 15.40M | 7.79M |
| Total stockholder equity | 65.67M | 33.81M | 34.39M | 51.24M | 42.35M |
| Other current liab | 3.60M | 3.00M | 0.00M | 13.15M | 6.54M |
| Common stock | 53.47M | 51.35M | 50.72M | 50.69M | 162.41M |
| Capital stock | 53.47M | 51.35M | 50.72M | 50.69M | 37.87M |
| Retained earnings | -208.07M | -185.27M | -162.09M | -143.56M | -122.19M |
| Good will | 23.94M | 23.94M | 23.94M | 23.94M | 23.94M |
| Cash | 32.35M | 5.01M | 5.14M | 26.36M | 21.95M |
| Total current liabilities | 7.12M | 7.20M | 17.73M | 14.98M | 7.20M |
| Current deferred revenue | - | 1.31M | 13.28M | - | - |
| Net debt | -30.66M | -3.46M | -3.43M | -25.59M | -21.20M |
| Short term debt | 0.55M | 0.72M | 0.74M | 0.35M | 0.16M |
| Short long term debt | - | - | - | - | 0.00M |
| Short long term debt total | 1.70M | 1.56M | 1.71M | 0.77M | 0.76M |
| Other stockholder equity | 220.27M | 167.74M | 145.77M | 144.11M | 2.12M |
| Property plant equipment | - | - | 3.05M | 2.10M | 1.71M |
| Total current assets | 47.73M | 14.41M | 25.98M | 40.44M | 24.31M |
| Net tangible assets | - | - | 10.34M | 27.14M | 18.22M |
| Short term investments | 3.00M | - | - | - | - |
| Net receivables | 2.50M | 3.84M | 1.74M | 3.64M | 0.34M |
| Inventory | 5.75M | 3.29M | 9.83M | 5.80M | 0.91M |
| Accounts payable | 2.97M | 2.17M | 3.71M | 1.48M | 0.50M |
| Accumulated other comprehensive income | - | 4.86M | - | - | - |
| Common stock total equity | - | - | - | - | 162.41M |
| Non currrent assets other | - | 0.30M | - | - | - |
| Non current assets total | 27.83M | 27.56M | 27.10M | 26.20M | 25.84M |
| Capital lease obligations | 1.70M | 1.56M | 1.71M | 0.77M | 0.76M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | -1.30M | -0.98M | -0.71M | -0.75M | -0.36M |
| Change to liabilities | - | - | 4.25M | 3.54M | 5.72M |
| Total cashflows from investing activities | -1.30M | -0.98M | -0.71M | -0.75M | -0.36M |
| Net borrowings | - | 0.74M | -0.59M | -0.32M | 1.78M |
| Total cash from financing activities | 53.62M | 20.13M | 1.29M | 28.10M | 32.00M |
| Change to operating activities | - | - | -5.42M | -0.82M | -0.07M |
| Net income | -22.80M | -23.18M | -18.54M | -21.37M | -24.27M |
| Change in cash | 27.34M | -0.12M | -21.22M | 4.40M | 20.71M |
| Begin period cash flow | 5.01M | 5.14M | 26.36M | 21.95M | 1.24M |
| End period cash flow | 32.35M | 5.01M | 5.14M | 26.36M | 21.95M |
| Total cash from operating activities | -24.89M | -19.36M | -21.87M | -22.96M | -10.92M |
| Issuance of capital stock | 57.39M | 22.17M | 1.94M | 28.42M | 28.95M |
| Depreciation | 1.38M | 1.40M | 1.35M | 0.73M | 6.71M |
| Other cashflows from investing activities | - | -0.03M | - | - | - |
| Change to inventory | -2.97M | 6.14M | -3.88M | -4.49M | -1.36M |
| Change to account receivables | 1.64M | -1.49M | -0.26M | -1.97M | 0.17M |
| Sale purchase of stock | - | - | - | - | 28.95M |
| Other cashflows from financing activities | -3.77M | -2.04M | -0.65M | -0.32M | 3.04M |
| Change to netincome | - | - | 0.63M | 1.41M | 8.31M |
| Capital expenditures | 1.30M | 1.04M | 0.71M | 0.75M | 0.36M |
| Change in working capital | -5.68M | 0.84M | -5.32M | -3.73M | 4.46M |
| Stock based compensation | 0.62M | 0.73M | 0.68M | 1.83M | 0.78M |
| Other non cash items | 1.58M | 0.85M | 0.01M | -0.42M | 2.30M |
| Free cash flow | -26.20M | -20.40M | -22.58M | -23.71M | -11.27M |
Sector: Industrials Industry: Electrical Equipment & Parts
|
Stock Name
|
Change
(GBX) |
Price
(GBX) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| IES Invinity Energy Systems PLC |
-0.20 1.75% |
11.20 | - | - | 27.35 | 1.72 | 21.89 | -2.45 |
| VLX Volex Plc |
13.00 2.38% |
560.00 | 22.17 | 14.77 | 0.81 | 2.83 | 1.18 | 9.94 |
| CWR Ceres Power Holdings PLC |
16.00 5.88% |
288.20 | - | - | 33.26 | 6.11 | 17.66 | -18.05 |
| XPP XP Power Ltd |
78.00 4.59% |
1776.00 | - | 25.38 | 1.63 | 2.07 | 1.96 | 21.38 |
| TFW FW Thorpe PLC |
5.00 1.91% |
267.00 | 11.82 | 14.04 | 1.69 | 1.53 | 1.33 | 5.53 |
Invinity Energy Systems plc manufactures and sells vanadium flow batteries and related hardware for energy storage markets in Asia, Australia, Europe, and North America. It also provides other services. The company sells its products under the Invinity ENDURIUM and Invinity VS3 brands. It serves utilities and power producers, commercial and industrial, and independent industries. Invinity Energy Systems plc was incorporated in 2006 and is based in London, the United Kingdom.
| Name | Title | Year Born |
|---|---|---|
| Mr. Lawrence A. Zulch | CEO & Director | 1958 |
| Mr. Jonathan Marren | Interim CFO, Chief Devel. Officer & Exec. Director | 1975 |
| Mr. Neil Lang BA, MEng, CEng | Chief Operating Officer | NA |
| Mr. Andy Klassen | Chief Technology Officer | NA |
| Joe Worthington | Director of Communications | NA |
| Mr. Matthew Harper P.Eng | Chief Commercial Officer & Director | 1977 |
| Mr. Jonathan Anthony Frank Marren | CEO & Executive Director | 1975 |
| Mr. Matthew Harper P.Eng | President & Director | 1977 |
| Mr. Adam Howard | CFO & Executive Director | 1983 |
| Mr. Neil Lang BA, CEng, MEng | Chief Operating Officer | NA |
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