PHOTONPP

PHOTON

3.43PLND
+0.06+1.78%
At close at May 30, 16:01 GMT
PLN
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PEN fundamentals

Key facts

Market capitalization‪198.17 M‬PLN
Basic EPS (TTM)−1.12PLN
Founded2010
CEOGeorg Hotar
About

Photon Energy NV engages in the development of photovoltaic power plants. It operates through the following segments: Solutions, Technology, Investments, Operations and Maintenance, and Other. The Solutions segment includes development, engineering, and construction services of turnkey photovoltaic systems installations for external clients and Photon Energy. The Technology segment wholesales, imports, and exports FVE components. The Investments segment is involved in investment into photovoltaic power plants and generation of revenues from production of electricity. The Operations and Maintenance segment consists of operations, maintenance, and PVPP supervision. The Other segment deal with project development, water technology, and remediation services. The company was founded by Georg Hotar and Michael Gartner in 2008 and is headquartered in Amsterdam, the Netherlands.

Ownership
‪‪59.95 M‬‬
Closely held shares
‪‪43.92 M‬‬ (73.27%)
Free Float shares
‪‪16.02 M‬‬ (26.73%)
Closely held shares
‪‪43.92 M‬‬ (73.27%)
Free Float shares
‪‪16.02 M‬‬ (26.73%)
Capital structure
Market cap
‪‪198.17 M‬‬
Debt
‪‪745.13 M‬‬
Minority interest
‪‪−1.42 M‬‬
Cash & equivalents
‪‪60.18 M‬‬
Enterprise value
‪‪881.69 M‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪198.17 M‬‬
Price to earning ratio (P/E)
Price to sales ratio (P/S)
0.51x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
Price to sales ratio (P/S)
0.51x
Valuation ratios
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪0.45‬
‪0.90‬
‪1.35‬
‪1.80‬
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪−27.5%‬
‪−22.5%‬
‪−17.5%‬
‪−12.5%‬
‪−7.5%‬
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪‪−40.00 M‬‬
‪0.00‬
‪‪40.00 M‬‬
‪‪80.00 M‬‬
‪‪120.00 M‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
COGS
Gross profit
Op expenses
Op income
Non-Op income/ expenses
Taxes & Other
Net income
‪‪−35.00 M‬‬
‪0.00‬
‪‪35.00 M‬‬
‪‪70.00 M‬‬
‪‪105.00 M‬‬
Revenue
COGS
Gross profit
Expenses & adjustments
Net income
‪‪−35.00 M‬‬
‪0.00‬
‪‪35.00 M‬‬
‪‪70.00 M‬‬
‪‪105.00 M‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
New Energy
Investments
Engineering
Technology
Operations and Maintenance
Other
By country
Period: 2024
Czech Republic
Poland
Hungary
Australia
New Zealand
Romania
Slovakia
Other
Germany

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
‪0.00‬
‪‪30.00 M‬‬
‪‪60.00 M‬‬
‪‪90.00 M‬‬
‪‪120.00 M‬‬
Actual
Estimate
Earnings
Next:Aug 19, 2025
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
‪−0.48‬
‪−0.36‬
‪−0.24‬
‪−0.12‬
‪0.00‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

No dividends
PEN has never paid dividends and has no current plans to do so.

Financial health

Financial position and solvency of the company

Debt level and coverage
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪‪−300.00 M‬‬
‪0.00‬
‪‪300.00 M‬‬
‪‪600.00 M‬‬
‪‪900.00 M‬‬
Debt
Free cash flow
Cash & equivalents
Financial position analysis
Short term
Long term
‪0.00‬
‪‪250.00 M‬‬
‪‪500.00 M‬‬
‪‪750.00 M‬‬
‪‪1.00 B‬‬
Assets
Liabilities