Stock data
| Market cap. | £26.4m |
| Last close | 58.00p |
| High / Low (52 weeks) | 59.5p / 43.5p |
| Stock market listing | AIM |
| Forecast net cash (£m) | 0.7 |
| Forecast gearing ratio (%) | N/A |
| Team | Industrials |
| Sector | Alternative Energy |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 0 | 5.45 | 17.17 |
| Relative * | 4.91 | 14.12 | 28.77 |
* % Relative to local index
Other companies covered in sector
| Y/E Apr | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 1.3 | (2.5) | (3.2) | (18.6) | N/A | N/A |
| 2011A | 1.9 | (2.4) | (3.1) | (5.3) | N/A | N/A |
| 2012E | 2.9 | (2.2) | (2.7) | (4.6) | N/A | N/A |
| 2013E | 4.8 | (0.7) | (1.2) | (2.2) | N/A | N/A |
Last updated on 18/04/2012
Latest research
Solid, yet exciting
Review | Alternative Energy | 10/01/2012
Materials progress
Update | Alternative Energy | 16/11/2011
Finding future materials
Outlook | Alternative Energy | 14/07/2011
Investment summary
The real value in Ilika will come from discoveries of new materials where the company gets to keep the intellectual property. If these new materials are commercialised and sell in volumes, then Ilika can look forward to a long flow of royalties. An example is the proposed new man-portable power supply being developed using IP jointly-held with Toyota. We value the business at 92p/share using aggressive assumptions that include zero growth from five years out. We estimate that each additional discovery could add 10p to the share price. Meanwhile, its technology would make an attractive acquisition to a number of materials companies. A proposed fund raising is currently taking place.
Last updated on 23/04/2012
Industry outlook
Ilika finds new materials for renewable and clean energy applications that improve or enable future technologies such as batteries for electric cars or fuel cells. Its unique and patented technology allows new materials to be discovered and tested 10 to 100 times faster than traditional methods.
Last updated on 23/04/2012
Key management
| Jack Boyer, Chairman |
| Graeme Purdy, CEO |
| Stephen Boydell, FD |
Company address
| Kenneth Dibben House Enterprise Road , University of Southampton Science Park Chilworth Southampton SO16 7NS United Kingdom +44 (0)23 8011 1400 View website |
