Ilika plc (IKA) AI Stock Analysis

• Market Cap: £66.90M
• Dividend Yield: N/A
• Average Volume (3M): 178.16K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: 265.67%
• EPS Growth: -16.50%
• Country: UK
• Employees: 68
• Sector: Industrials
• Sector Strength: 73
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.02
• Shares Outstanding: 180,802,170
• 10 Day Avg. Volume: 160,054
• 30 Day Avg. Volume: 178,159
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £33.00
• Price Target Upside: -10.81% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 0

• Rating: 38 Underperform
• Price Target: 33.00p ▼(-10.81% Downside)

Ilika plc's overall stock score is primarily impacted by its poor financial performance, characterized by declining revenues and negative profitability. Technical analysis indicates bearish momentum, further weighing down the score. The negative P/E ratio and lack of dividend yield reflect valuation challenges. These factors collectively result in a low overall stock score, highlighting significant risks and challenges facing the company.

Ilika plc Business Overview & Revenue Model

Company Description

Ilika plc (IKA) is a UK-based advanced materials company specializing in the development of solid-state battery technology and materials for use in various sectors, including electric vehicles, consumer electronics, and renewable energy. The company's core products include high-performance solid-state batteries and materials used in energy storage applications, positioning Ilika as a key player in the growing market for sustainable energy solutions.

How the Company Makes Money

Ilika plc generates revenue primarily through the commercialization of its solid-state battery technology and materials. The company monetizes its innovations through strategic partnerships with automotive and electronics manufacturers, licensing agreements, and the sale of prototype units. Additionally, Ilika engages in research and development contracts, which provide funding and facilitate collaborations aimed at advancing battery technology. The increasing demand for efficient and safe energy storage solutions, especially in the electric vehicle market, significantly contributes to Ilika's revenue potential.

Ilika plc Financial Statement Overview

Summary

Ilika plc is facing significant financial challenges, with declining revenues and negative profitability across key metrics. The balance sheet shows low leverage, which is a positive sign, but the negative return on equity highlights profitability issues. Cash flow remains a concern, although there is some improvement in free cash flow. Overall, the company needs to address its operational inefficiencies and improve its revenue generation to enhance financial health.

Income Statement

Ilika plc has experienced significant revenue decline with a negative growth rate of -95.77% in the latest year. The company is facing severe profitability challenges, evidenced by negative gross profit, net profit, EBIT, and EBITDA margins. These metrics indicate substantial operational inefficiencies and a lack of profitability.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio of 0.027, indicating minimal leverage, which is a positive aspect. However, the return on equity is negative, reflecting the company's inability to generate profits from shareholders' equity. The equity ratio is relatively stable, suggesting a moderate level of financial stability.

Cash Flow

Cash flow analysis reveals a negative operating cash flow and free cash flow, though there is a positive free cash flow growth rate of 27.83%. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is above 1, suggesting some efficiency in converting net income to free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	982.90K	73.50K	20.10K	33.85K	30.88K	230.45K
Gross Profit	-453.90K	-452.70K	-1.06M	-1.97M	-1.49M	-1.06M
EBITDA	-5.62M	-5.38M	-4.00M	-7.30M	-6.81M	-2.68M
Net Income	-5.90M	-5.90M	-4.81M	-7.30M	-7.13M	-3.53M
Balance Sheet
Total Assets	19.45M	19.45M	22.83M	26.91M	33.93M	16.53M
Cash, Cash Equivalents and Short-Term Investments	7.98M	7.98M	11.95M	15.87M	23.45M	9.82M
Total Debt	470.70K	470.70K	625.30K	618.48K	847.60K	827.72K
Total Liabilities	2.27M	2.27M	2.47M	2.14M	2.50M	2.34M
Stockholders Equity	17.18M	17.18M	20.36M	24.77M	31.44M	14.19M
Cash Flow
Free Cash Flow	-5.09M	-6.28M	-4.13M	-7.45M	-10.08M	-4.95M
Operating Cash Flow	-4.02M	-4.18M	-2.46M	-6.05M	-5.64M	-2.13M
Investing Cash Flow	2.07M	2.47M	-5.06M	-1.40M	-4.44M	-2.83M
Financing Cash Flow	1.93M	1.93M	-316.70K	-75.78K	23.71M	-32.94K

Ilika plc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 37.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IKA, the sentiment is Neutral. The current price of 37 is below the 20-day moving average (MA) of 39.27, below the 50-day MA of 41.16, and above the 200-day MA of 34.13, indicating a neutral trend. The MACD of -1.30 indicates Positive momentum. The RSI at 41.15 is Neutral, neither overbought nor oversold. The STOCH value of 23.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:IKA.

Ilika plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$10.75B	15.69	7.62%	2.01%	2.75%	-15.14%
CWR	58 Neutral	£199.44M	―	-16.93%	―	132.44%	47.77%
LPA	54 Neutral	£7.00M	7.61	-1.39%	1.74%	-10.88%	-122.05%
DIA	51 Neutral	£92.83M	―	-21.17%	―	-3.32%	9.83%
AFC	40 Underperform	£103.65M	―	-86.37%	―	732.03%	12.60%
IKA	38 Underperform	£66.90M	―	-31.45%	―	265.67%	-16.50%
GELN	―	£35.37M	―	-58.83%	―	―	―

Ilika plc Corporate Events

Ilika plc Announces Change in Voting Rights Structure

Ilika plc, a UK-based company, has announced a change in its voting rights structure due to an acquisition or disposal of voting rights by Octopus Investments Limited. The notification reveals that Octopus Investments Limited now holds 4.12% of the voting rights in Ilika plc, an increase from a previous position of 2.86%. This change in voting rights could potentially impact the company’s governance and decision-making processes, reflecting a significant shift in shareholder influence.

The most recent analyst rating on (GB:IKA) stock is a Buy with a £0.95 price target. To see the full list of analyst forecasts on Ilika plc stock, see the GB:IKA Stock Forecast page.

Ilika plc’s Oversubscribed Retail Offer Raises £4.2 Million

Ilika plc announced that its recent Retail Offer was significantly oversubscribed, leading the company to increase the scale of the offer to raise £0.9 million through the issuance of 2,727,273 Retail Offer Shares at 33 pence per share. The total fundraising effort, including Placing Shares and Director Subscription Shares, resulted in approximately £4.2 million in gross proceeds, which will be used to further advance the company’s product lines. This successful fundraising effort reflects strong investor confidence and positions Ilika to strengthen its market presence.

The most recent analyst rating on (GB:IKA) stock is a Buy with a £97.00 price target. To see the full list of analyst forecasts on Ilika plc stock, see the GB:IKA Stock Forecast page.

Ilika plc Launches Retail Offer to Raise £0.5 Million for Technology Advancement

Ilika plc has announced a retail offer to raise up to £0.5 million through the issuance of new ordinary shares, as part of a broader capital raising effort that includes a £3.3 million placement and directors’ subscription. The funds raised will be used to advance the commercial launch of its Stereax technology and further develop its Goliath technology, positioning the company for future commercial licensing agreements.

The most recent analyst rating on (GB:IKA) stock is a Buy with a £97.00 price target. To see the full list of analyst forecasts on Ilika plc stock, see the GB:IKA Stock Forecast page.

Ilika plc Raises £3.3 Million to Boost Battery Technology Commercialization

Ilika plc has successfully raised approximately £3.3 million through a placing and director subscription, exceeding its initial target due to increased demand. The funds will be used to advance the commercial launch of its Stereax and Goliath battery technologies, enhancing its market position and potential for securing commercial licensing agreements. This capital raising reflects strong investor confidence in Ilika’s strategic direction and its commitment to maximizing shareholder returns while minimizing dilution.

The most recent analyst rating on (GB:IKA) stock is a Buy with a £97.00 price target. To see the full list of analyst forecasts on Ilika plc stock, see the GB:IKA Stock Forecast page.

Ilika plc Announces £3.5 Million Capital Raising to Boost Battery Technology

Ilika plc has announced a proposed capital raising of approximately £3.5 million through a combination of a placing, retail offer, and director subscriptions. The funds will be used to advance the commercial status of its Stereax and Goliath product lines, supporting technology transfer, testing, and customer engagement. This move is expected to enhance Ilika’s market positioning by facilitating the commercial launch of its small format Stereax technology and the development of its large format Goliath technology, potentially leading to commercial licensing agreements.

The most recent analyst rating on (GB:IKA) stock is a Buy with a £97.00 price target. To see the full list of analyst forecasts on Ilika plc stock, see the GB:IKA Stock Forecast page.

Ilika plc Announces 2025 Retail Investor Day

Ilika plc announced it will host a Retail Investor Day on May 20, 2025, at its facilities in Southampton, UK. The event, led by the executive management team, will offer a strategic update on the business and tours of the Stereax manufacturing and Goliath development facilities. While no new material information on current trading will be disclosed, the event is an opportunity for stakeholders to gain insights into Ilika’s operations and future directions.

Ilika plc Advances Goliath Battery Production with UKBIC Collaboration

Ilika plc has achieved a significant milestone in the development of its Goliath solid-state batteries, confirming superior performance and higher manufacturing yield through an industrial-scale process at the UK Battery Industrialisation Centre. This advancement supports the battery’s market readiness, promising reduced costs, increased range, and faster charging times for electric vehicles. The successful completion of Project SiSTEM, in collaboration with UKBIC and other partners, demonstrates the viability of large-scale production using existing gigafactory equipment, enhancing Ilika’s position in the automotive electrification sector.

Ilika Achieves Milestone in Solid-State EV Battery Development

Ilika plc has achieved a significant milestone by successfully prototyping a 50Ah Goliath electric vehicle battery, marking a key outcome of the Faraday Battery Challenge HISTORY programme. This development is expected to enhance the cost efficiency, range, and charging time of electric vehicles. Following the prototype’s success, Ilika plans further optimization and testing, with a target to release the batteries for partner evaluation by the end of 2025. This progress aligns with the UK government’s funding initiative for transport electrification and highlights Ilika’s readiness for deeper engagement with automotive partners.