First Hydrogen (FHYD) AI Stock Analysis

• Market Cap: $64.48M
• Dividend Yield: N/A
• Average Volume (3M): 131.99K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.84
• Revenue Growth: N/A
• EPS Growth: 46.74%
• Country: CA
• Employees: N/A
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Auto - Manufacturers
• EPS (TTM): -0.08
• Shares Outstanding: 70,862,400
• 10 Day Avg. Volume: 283,332
• 30 Day Avg. Volume: 131,985
• PEG Ratio: 3.48
• Price to Book (P/B): 70.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -584.56
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 28 Underperform
• Price Target: ―

First Hydrogen faces significant financial challenges, with ongoing operational inefficiencies and liquidity issues weighing heavily on its stock score. While technical analysis shows neutral momentum, the valuation remains unattractive due to negative earnings. Positive corporate developments such as market expansion and strategic initiatives in clean energy are notable but are not enough to offset the financial distress.

First Hydrogen Business Overview & Revenue Model

Company Description

First Hydrogen Corp. focuses on zero-emission vehicles, green hydrogen production and distribution, and supercritical carbon dioxide extractor systems. It is designing and building hydrogen-fuel-cell-powered light and medium commercial vehicle under two agreements with AVL Powertrain and Ballard Power Systems Inc. The company was formerly known as Pure Extraction Corp. and changed its name to First Hydrogen Corp. in October 2021. First Hydrogen Corp. was incorporated in 2007 and is based in Vancouver, Canada.

How the Company Makes Money

First Hydrogen makes money primarily through the sale and leasing of hydrogen-powered vehicles, as well as the provision of hydrogen refueling services. The company generates revenue from partnerships with various automotive manufacturers and energy providers to develop and expand hydrogen infrastructure. Additionally, First Hydrogen may benefit from government incentives and grants aimed at promoting sustainable energy solutions. The company also explores opportunities in licensing technology or entering joint ventures to further enhance its market presence and revenue streams.

First Hydrogen Financial Statement Overview

Summary

Overall, First Hydrogen is facing significant financial challenges. The company is experiencing operational inefficiencies, high leverage, and liquidity issues. Consistent losses, negative equity, and poor cash flow management highlight the need for strategic restructuring to stabilize and improve financial health. Immediate actions are required to enhance revenue generation, reduce debt, and manage cash flow more effectively to ensure long-term viability.

Income Statement

The income statement for First Hydrogen reveals significant challenges. Revenue has been inconsistent, with no revenue in the latest TTM period. Gross and net profit margins are negative, highlighting operational inefficiencies and substantial losses. EBIT and EBITDA margins are also negative, indicating poor operational performance and lack of profitability. The company experienced revenue in previous years, but the growth trajectory is negative, posing a concern for revenue generation capability.

Balance Sheet

First Hydrogen's balance sheet indicates financial distress, with negative stockholders' equity in recent periods, implying more liabilities than assets. The debt-to-equity ratio is extremely high due to negative equity, signaling high leverage. The equity ratio is negative, reflecting instability and potential solvency issues. Such a financial structure presents significant risks for stability and long-term sustainability.

Cash Flow

The cash flow statement shows a consistent pattern of negative operating and free cash flow, suggesting that the company is struggling to generate cash from its operations. The free cash flow to net income ratio is negative, further underscoring cash flow challenges. Although there have been some financing inflows, the inability to cover operational costs with cash inflows presents serious liquidity concerns.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	160.06K	0.00	302.11K	0.00
	Gross Profit
-69.24K	-117.00K	5.55K	0.00	-126.41K	0.00
	EBIT
-5.46M	-10.67M	-15.48M	-8.44M	-2.46M	-290.00K
	EBITDA
-5.19M	-10.45M	-13.40M	16.00K	-2.43M	0.00
	Net Income Common Stockholders
-6.08M	-10.91M	-13.85M	-8.87M	-2.46M	-597.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
35.72K	87.47K	394.82K	2.60M	1.64M	334.58K
	Total Assets
1.89M	2.15M	4.24M	5.15M	2.62M	587.38K
	Total Debt
3.50M	2.23M	30.80K	1.26M	25.28K	0.00
	Net Debt
3.47M	2.15M	-364.02K	-1.34M	-1.61M	-334.58K
	Total Liabilities
7.00M	4.28M	3.15M	4.03M	1.46M	70.68K
	Stockholders Equity
-5.11M	-2.13M	1.09M	1.12M	1.17M	516.70K
Cash Flow		Free Cash Flow
-2.52M	-9.09M	-13.65M	-7.15M	-1.82M	-404.08K
	Operating Cash Flow
-2.45M	-8.92M	-13.64M	-7.15M	-1.79M	-404.08K
	Investing Cash Flow
-65.48K	-165.48K	-12.35K	-20.26K	198.69K	-13.80K
	Financing Cash Flow
1.43M	8.78M	11.58M	8.11M	2.90M	490.03K

First Hydrogen Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FHYD, the sentiment is Positive. The current price of 0.91 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.58, and above the 200-day MA of 0.44, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 80.23 is Negative, neither overbought nor oversold. The STOCH value of 92.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FHYD.

First Hydrogen Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NFI	63 Neutral	C$1.83B	―	-0.03%	―	15.99%	99.83%
Sector *	62 Neutral	$6.82B	11.05	2.80%	4.32%	2.67%	-24.92%
ODD	46 Neutral	C$19.19M	―		―	-6.91%	31.42%
GPV	44 Neutral	C$16.52M	―	-218.43%	―	-57.55%	-31.45%
FHYD	28 Underperform	$64.48M	―	186.24%	―	―	46.74%
WPRT		$49.45M	―	-7.49%	―	―	―
GIII	26 Underperform	C$26.20M	―	93.93%	―	―	14.57%

First Hydrogen Corporate Events

First Hydrogen Launches Subsidiary to Advance Clean Energy with SMRs

First Hydrogen Corp. has launched a subsidiary, First Nuclear Corp., to advance clean energy through the use of Small Modular Reactors (SMRs) for green hydrogen production. This initiative aims to support global decarbonization efforts by providing a stable and efficient process for producing green hydrogen, leveraging the benefits of SMRs such as scalability, safety, and cost-effectiveness. The integration of SMRs into First Hydrogen’s operations enhances their Hydrogen-as-a-Service model, offering a comprehensive energy ecosystem that facilitates the transition to hydrogen-powered solutions.

First Hydrogen Expands into European Market with German Subsidiary

First Hydrogen Corp. has established a wholly-owned subsidiary, First Hydrogen GmbH, in Germany as part of its strategy to expand into the European market and leverage the region’s leadership in renewable energy and hydrogen technologies. This move aligns with Germany’s significant investments in hydrogen infrastructure and its new import strategy to meet the growing demand for green hydrogen. First Hydrogen aims to provide a stable and cost-effective supply of green hydrogen, exploring innovative technologies like small modular nuclear reactors, which are recognized under the EU’s green taxonomy for sustainable investments.

First Hydrogen Settles Debt with Equity Issuance

First Hydrogen Corp. has announced the settlement of $341,308.66 in accrued interest by issuing 948,080 common shares at a price of C$0.36 per share. This move reflects the company’s strategic financial management and may enhance its market positioning by converting debt into equity, potentially benefiting stakeholders by improving liquidity and reducing financial liabilities.