AFC Energy Valuation Multiples

AFC Energy Overview

About AFC Energy

AFC Energy PLC is a provider of hydrogen fuel cell power systems to generate clean energy in support of the energy transition. The company’s scalable systems provide off-grid, zero-emission power that is already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications. it is also working with its partners in the deployment of products for the Maritime, Ports, Data Centers, and Rail industries, emphasizing the central role of its technology in the decarbonization of industry.

Founded

2006

HQ

Employees

130

Website

afcenergy.com

Sectors

Electrical Parts & EquipmentEnergy EquipmentClimateTechDeepTechEnergyTechIndustry 4.0

Financials (LTM)

Revenue: $1M

EBITDA: ($21M)

EV

$155M

Valuation Multiples

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AFC Energy Financials

AFC Energy reported last 12-month revenue of $1M and negative EBITDA of ($21M).

In the same LTM period, AFC Energy generated $524K in gross profit, ($21M) in EBITDA losses, and had net loss of ($27M).

AFC Energy P&L

In the most recent fiscal year, AFC Energy reported revenue of $169K and EBITDA of ($21M).

AFC Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX

AFC Energy Stock Performance

AFC Energy has current market cap of $188M, and enterprise value of $155M.

AFC Energy's stock price is $0.17.

AFC Energy Valuation Multiples

AFC Energy trades at 114.1x EV/Revenue multiple, and (7.5x) EV/EBITDA.

AFC Energy Financial Valuation Multiples

As of April 20, 2026, AFC Energy has market cap of $188M and EV of $155M.

Equity research analysts estimate AFC Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

AFC Energy has a P/E ratio of (7.0x).

AFC Energy Margins & Growth Rates

AFC Energy's revenue in the last 12 month grew by 931%.

AFC Energy's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.2M for the same period.

AFC Energy's rule of 40 is 755% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

AFC Energy's rule of X is 2309% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

AFC Energy Public Comps

See public comps and valuation multiples for other Electrical Parts & Equipment and Energy Equipment comps.

AFC Energy M&A Activity

AFC Energy acquired XXX companies to date.

Last acquisition by AFC Energy was on XXXXXXXX, XXXXX. AFC Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

AFC Energy Investment Activity

AFC Energy invested in XXX companies to date.

AFC Energy made its latest investment on XXXXXXXX, XXXXX. AFC Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).