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Currency in USD
Last close As at 17/03/2023
USD0.42
▲ −0.03 (−6.67%)
Market capitalisation
USD11m
VivoPower International’s strategy is to provide sustainable energy solutions on an international scale. Key activities at present are electric vehicles, critical power, sustainable energy solutions and solar development.
Sales declined 11% to $18.9m in H122 and operating losses widened to $7.3m (H121: $0.4m) due to COVID-19-related delays particularly in the Critical Power division where Australia remained in lockdown while other divisions such as Electric Vehicles remain in investment mode. With the opening up of Australia, performance should improve through H2 and we await news regarding financing the crypto mining venture, completion of Tembo acquisition and the Toyota development contract.
Analyst, Industrials
Johann Kenny
Head of risk management, Arowana
Kevin Chin
Co-founder and executive chairman
Matt Cahir
President, Vivo USA
Matt Davis
Managing director, Vivo Australia
Forecast net cash (US$m)
27.3
Forecast gearing ratio (%)
N/A
| % | 1M | 3M | 12M |
|---|---|---|---|
| Actual | (26.4) | 27.3 | (75.7) |
| Relative | (24.0) | 23.8 | (73.3) |
| 52 week high/low | US$2.2/US$0.2 |
VivoPower is building an integrated portfolio of activities to support the corporate decarbonisation agenda. Key is the specialist electric vehicle business, Tembo, which has been establishing global distribution agreements and has commitments for c 8,000 vehicles. This is supported by the profitable and cash generative Critical Power operations, electrical installation/integration services, in Australia. In Solar, the group has taken full control of its US operations and established a crypto mining venture.
| Y/E Jun | Revenue (US$m) | EBITDA (US$m) | PBT (US$m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2020A | 48.7 | 3.9 | (1.0) | (12.0) | N/A | 1447.0 |
| 2021A | 40.4 | (2.5) | (5.2) | (31.0) | N/A | N/A |
| 2022E | 42.3 | (8.2) | (15.2) | (69.8) | N/A | N/A |
| 2023E | 60.1 | (4.7) | (13.5) | (62.3) | N/A | N/A |
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