Plug Power Inc
NASDAQ:PLUG

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Plug Power Inc
NASDAQ:PLUG
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Price: 1.16 USD -4.92% Market Closed
Market Cap: 1.3B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one PLUG stock under the Base Case scenario is 3.42 USD. Compared to the current market price of 1.16 USD, Plug Power Inc is Undervalued by 66%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

PLUG Relative Value
Base Case
3.42 USD
Undervaluation 66%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.8
P/S
P/S
Price to Sales
1.8
vs History
95
vs Industry
37
Median 3Y
3.2
Median 5Y
10.4
Industry
1.8
Forward
1.5
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-2.9
Median 5Y
-13.1
Industry
22.6
Forward
-1.7
More Details
Negative
P/OCF
P/OCF
Price to OCF
N/A
vs History
vs Industry
Median 3Y
-2.7
Median 5Y
-15.5
Industry
15.3
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
Median 3Y
-1.9
Median 5Y
-3.3
Industry
20.7
More Details
0.6
P/B
P/B
Price to Book Value
0.6
vs History
85
vs Industry
72
Median 3Y
1
Median 5Y
2.2
Industry
2
More Details
2.1
EV/S
EV/S
Enterprise Value to Sales
2.1
vs History
95
vs Industry
29
Median 3Y
3.7
Median 5Y
9.8
Industry
1.8
Forward
1.8
More Details
Negative
EV/GP
EV/GP
Enterprise Value to Gross Profit
N/A
vs History
vs Industry
Median 3Y
-7.6
Median 5Y
-35.2
Industry
7.3
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
Median 3Y
-3.2
Median 5Y
-11.8
Industry
14.5
Forward
-3.2
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
Median 3Y
-3
Median 5Y
-11
Industry
18.3
Forward
-2.4
More Details
Negative
EV/OCF
EV/OCF
Enterprise Value to OCF
N/A
vs History
vs Industry
Median 3Y
-3
Median 5Y
-13.3
Industry
14.9
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
Median 3Y
-2
Median 5Y
-7.4
Industry
17.6
More Details
0.4
EV/IC
EV/IC
Enterprise Value to IC
0.4
vs History
92
vs Industry
75
Median 3Y
0.7
Median 5Y
2.2
Industry
1.6
More Details

Multiples Across Competitors

PLUG Competitors Multiples
Plug Power Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Plug Power Inc
NASDAQ:PLUG
1.1B USD 1.8 -0.6 -1.5 -1.4
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
1.1T CNY 3 20.4 17.7 17.7
FR
Schneider Electric SE
PAR:SU
129B EUR 3.4 30.2 16.4 20.3
IE
Eaton Corporation PLC
NYSE:ETN
138.2B USD 5.5 35.1 24.9 29.7
CH
Abb Ltd
SIX:ABBN
87.6B CHF 3.3 26.5 17.8 20.4
US
Emerson Electric Co
NYSE:EMR
74.9B USD 4.3 31.3 17.5 26.9
KR
LG Energy Solution Ltd
KRX:373220
67.4T KRW 2.6 -57.9 19.2 88.5
US
Vertiv Holdings Co
NYSE:VRT
48.4B USD 5.8 72.7 28.5 33.9
US
AMETEK Inc
NYSE:AME
41.7B USD 6 29.4 19.4 23.5
US
Rockwell Automation Inc
NYSE:ROK
37.2B USD 4.7 41.2 24.8 33.8
FR
Legrand SA
PAR:LR
29.9B EUR 3.5 25.7 16.1 19.8
P/E Multiple
Earnings Growth PEG
US
Plug Power Inc
NASDAQ:PLUG
Average P/E: 34.7
Negative Multiple: -0.6 		N/A N/A
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
20.4
23%
0.9
FR
Schneider Electric SE
PAR:SU
30.2
18%
1.7
IE
Eaton Corporation PLC
NYSE:ETN
35.1
16%
2.2
CH
Abb Ltd
SIX:ABBN
26.5
11%
2.4
US
Emerson Electric Co
NYSE:EMR
31.3
26%
1.2
KR
LG Energy Solution Ltd
KRX:373220
Negative Multiple: -57.9 N/A N/A
US
Vertiv Holdings Co
NYSE:VRT
72.7
61%
1.2
US
AMETEK Inc
NYSE:AME
29.4
11%
2.7
US
Rockwell Automation Inc
NYSE:ROK
41.2
16%
2.6
FR
Legrand SA
PAR:LR
25.7
11%
2.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Plug Power Inc
NASDAQ:PLUG
Average EV/EBITDA: 20.2
Negative Multiple: -1.5 		N/A N/A
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
17.7
34%
0.5
FR
Schneider Electric SE
PAR:SU
16.4
10%
1.6
IE
Eaton Corporation PLC
NYSE:ETN
24.9
12%
2.1
CH
Abb Ltd
SIX:ABBN
17.8
9%
2
US
Emerson Electric Co
NYSE:EMR
17.5
12%
1.5
KR
LG Energy Solution Ltd
KRX:373220
19.2
42%
0.5
US
Vertiv Holdings Co
NYSE:VRT
28.5
20%
1.4
US
AMETEK Inc
NYSE:AME
19.4
6%
3.2
US
Rockwell Automation Inc
NYSE:ROK
24.8
12%
2.1
FR
Legrand SA
PAR:LR
16.1
8%
2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Plug Power Inc
NASDAQ:PLUG
Average EV/EBIT: 31.5
Negative Multiple: -1.4 		N/A N/A
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
17.7
21%
0.8
FR
Schneider Electric SE
PAR:SU
20.3
12%
1.7
IE
Eaton Corporation PLC
NYSE:ETN
29.7
15%
2
CH
Abb Ltd
SIX:ABBN
20.4
10%
2
US
Emerson Electric Co
NYSE:EMR
26.9
25%
1.1
KR
LG Energy Solution Ltd
KRX:373220
88.5
121%
0.7
US
Vertiv Holdings Co
NYSE:VRT
33.9
25%
1.4
US
AMETEK Inc
NYSE:AME
23.5
8%
2.9
US
Rockwell Automation Inc
NYSE:ROK
33.8
14%
2.4
FR
Legrand SA
PAR:LR
19.8
10%
2

See Also

Summary
PLUG intrinsic value, competitors valuation, and company profile.
DCF Valuation
PLUG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
PLUG stock valuation using valuation multiples.
Wall Street Estimates
PLUG price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
PLUG stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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