Windar Photonics

LN: WPHO

Market Cap£10.5m

Last Close 21p

Windar Photonics is a Copenhagen-based developer and manufacturer of an innovative, low-cost light detection and ranging system. Approaching wind direction and speed is measured ahead of a wind turbine, allowing appropriate yaw alignment, increasing efficiency.

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Investment summary

Edison Investment Research is terminating coverage on Abacus Health Products (ABCS), ADL Bionatur (BNT), ASIT Biotech (ASIT), GAME Digital (GMD), International Stem Cell Corporation (ISCO), Powerhouse Energy Group (PHE), Windar Photonics (WPHO). Please note you should no longer rely on any previous research or estimates for these companies. All forecasts should now be considered redundant.

Previously published reports can still be accessed via our website.

Y/E Dec
Revenue (€m)
EBITDA (€m)
PBT (€m)
EPS (fd) (c)
P/E (x)
P/CF (x)
2017A 2.2 (1.2) (2.0) (5.0) N/A N/A
2018A 3.5 (0.3) (0.8) (1.7) N/A N/A
2019E N/A N/A N/A N/A N/A N/A
2020E N/A N/A N/A N/A N/A N/A
Industry outlook

Given the company’s concentration of contracts for projects in China and with Chinese clients generally, there has been a slowdown in delivery of LiDAR, principally due to the global slowdown resulting from the COVID-19 pandemic. Nevertheless, Windar has obtained more that €1.7m orders in FY20 to date for delivery during the year. Importantly, the company is seeing sustained progress from the OEM market.

Last updated on 02/07/2020
Content on Windar Photonics
Windar Photonics – Retrofit activity driving growth in the short term
Industrials | Update | 1 July 2019
Windar Photonics (WPHO); secures agreement with The Technical University of Denmark
Industrials | Edison Sparks | 2 April 2019
Windar Photonics – Supply chain issues dampen FY18 growth
Industrials | Update | 28 February 2019
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Sector
Industrials
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Share price graph
Balance sheet
Forecast net cash (€m) 1.3
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual 5.0 (12.5) (56.7)
Relative* 4.7 (24.0) (48.3)
52-week high/low 50.0p/17.5p
*% relative to local index
Key management
Jørgen Laustsen COO
Company website

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