Final results from SMS showed a robust performance in FY20. Smart meter installation run-rates have recovered to 80% of pre-COVID-19 lockdown levels and significant progress has been made with its CaRe asset strategy. Initial grid-scale battery storage projects are now under construction and due to go live by end of FY21, making first contributions in FY22. We believe SMS remains substantially undervalued given: i) Base case DCF valuation of 1,324p; ii) Base case DDM valuation of 1,345p; iii) st ....
16 Mar 2021
Cenkos: Smart Metering Systems Plc -- Final results & leading the energy transition
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Cenkos: Smart Metering Systems Plc -- Final results & leading the energy transition
Smart Metering Systems PLC (SMS:LON) | 954 -28.6 (-0.3%) | Mkt Cap: 1,318m
- Published:
16 Mar 2021 -
Author:
Ian McInally -
Pages:
23
Final results from SMS showed a robust performance in FY20. Smart meter installation run-rates have recovered to 80% of pre-COVID-19 lockdown levels and significant progress has been made with its CaRe asset strategy. Initial grid-scale battery storage projects are now under construction and due to go live by end of FY21, making first contributions in FY22. We believe SMS remains substantially undervalued given: i) Base case DCF valuation of 1,324p; ii) Base case DDM valuation of 1,345p; iii) st ....