Company Valuation: Ideal Power Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 24.31 71.06 63.41 46.2 61.52 26.35
Change - 192.31% -10.76% -27.15% 33.16% -57.17%
Enterprise Value (EV) 1 21.3 48.21 47.33 37.92 46.16 20.62
Change - 126.34% -1.83% -19.88% 21.72% -55.33%
P/E -3.71x -15x -9.15x -4.83x -5.92x -2.67x
PBR 6.96x 2.94x 3.54x 4.63x 3.52x 3.35x
PEG - 0.2x -0.2x -0.1x 0.3x 0.29x
Capitalization / Revenue 56.8x 123x 312x 232x 715x 698x
EV / Revenue 49.8x 83.6x 233x 191x 537x 547x
EV / EBITDA -5.66x -10.3x -6.61x -3.76x -4.3x -1.96x
EV / EBIT -5.48x -9.94x -6.45x -3.66x -4.17x -1.89x
EV / FCF -15.1x -18.3x -11.8x -9.63x -8.22x -3.73x
FCF Yield -6.61% -5.47% -8.49% -10.4% -12.2% -26.8%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -2.202 -0.8034 -1.17 -1.608 -1.276 -1.158
Distribution rate - - - - - -
Net sales 1 0.4281 0.5764 0.2033 0.1989 0.086 0.0377
EBITDA 1 -3.764 -4.691 -7.156 -10.08 -10.73 -10.52
EBIT 1 -3.886 -4.849 -7.343 -10.35 -11.07 -10.89
Net income 1 -7.794 -4.77 -7.189 -9.954 -10.42 -10.58
Net Debt 1 -3.008 -22.84 -16.08 -8.272 -15.36 -5.726
Reference price 2 8.170 12.060 10.700 7.770 7.550 3.090
Nbr of stocks (in thousands) 2,975 5,892 5,926 5,945 8,148 8,526
Announcement Date 3/26/21 A 3/25/22 A 3/30/23 A 4/1/24 A 3/28/25 A 3/27/26 A
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 80.53M
23.4x13.08x19.3x0.35% 5,322B
22.17x10.87x14.73x1.14% 1,932B
42.2x17.28x25.44x0.69% 1,808B
12.96x7.86x9.5x0.06% 1,062B
4.73x2.94x3.54x0.23% 858B
84.71x15.32x57.58x-.--% 791B
-41.91x8.42x23.43x-.--% 508B
200.75x44.03x89.7x-.--% 271B
32.03x11.62x21.55x2.11% 249B
Average 42.34x 14.60x 29.42x 0.51% 1,280B
Weighted average by Cap. 28.86x 12.80x 21.67x 0.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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