Ilika (IKA)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

147.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 271.36
  • 52 Week Low: 56.87
  • Currency: UK Pounds
  • Shares Issued: 156.71m
  • Volume: 252,996
  • Market Cap: £230.37m

Berenberg initiates coverage on Ilika at 'buy'

By Iain Gilbert

Date: Thursday 13 May 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg initiated coverage on solid-state battery technology outfit Ilika at 'buy' on Thursday, stating the group was "taking batteries to the next level".
Berenberg stated Ilika was on the verge of ramping up commercial production of its small-form-factor Stereax batteries and had made "good progress" towards scaling production of its larger Goliath offering.

"Solid-state technology is expected to deliver a step-change in battery performance, including faster charging time, higher energy density, longer life, and improved safety. Against a backdrop of huge growth and investment in battery technology, and an expected plateau in what is possible from conventional technology, Ilika is exposed to huge markets actively looking for the new, improved next battery technology," said Berenberg.

The German bank also highlighted that accessing the electronic vehicle market would be "transformational" for Ilika, which already has "strong relationships" with automotive original equipment manufacturers and manufacturing partners.

While Berenberg said it thinks the company was still "at an early stage", it also believes the balance of risk and reward to be "compelling" and issued Ilika with a 275.0p target price.

"We have constructed long-term DCF scenarios for the FAB, UK BIC and various markets targeted by Ilika. A long-term view is needed; we forecast the company reaching profitability in FY 2025. However, our base case indicates a valuation of 275.0p, around 40% upside to the current price. Our low-case and high-case scenarios indicate a potential range of 31.0p-1,528.0p," concluded the analysts.

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Ilika Market Data

Currency UK Pounds
Share Price 147.00p
Change Today -1.00p
% Change -0.68 %
52 Week High 271.36
52 Week Low 56.87
Volume 252,996
Shares Issued 156.71m
Market Cap £230.37m

Ilika Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.82% below the market average63.82% below the market average63.82% below the market average63.82% below the market average63.82% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
44.39% above the market average44.39% above the market average44.39% above the market average44.39% above the market average44.39% above the market average
24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average
Income Not Available
Growth
9.13% below the market average9.13% below the market average9.13% below the market average9.13% below the market average9.13% below the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ilika Dividends

No dividends found

Trades for 30-Jul-2021

Time Volume / Share Price
17:06 35,000 @ 147.00p
16:35 2,365 @ 147.00p
16:35 183 @ 147.00p
16:30 200 @ 145.00p
16:28 2,000 @ 145.00p

Ilika Key Personnel

CEO Graeme Purdy
Finance Director Stephen John Boydell
Chair Keith Jackson

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