Net Power Inc.

Energy
Industrial Machinery/Components
www.netpower.com

Moat Score

Market Cap $776.19M
PE -158
Debt $NaN
Cash $388.69M
EV $NaN
FCF -$66.59M

Earnings

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Sales & Net Margins

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Earnings	-$4.93M
EBIT	-$171.33M
ROE	-1%
ROA	-7%
FCF	-$66.59M
Equity	$767.48M
Growth Stability	1
PE	-157.54
PB	1.01
P/FCF	-11.66
P/S	3.1K
Price/Cash	0.5
Net Margins	-26K%
Gross Margins	89%
Op. Margins	-69K%
Sales Growth QoQ	-95%
Equity CAGR	205%

Earnings Growth YoY	-97%
Earnings Growth QoQ	-60%
Equity CAGR 5Y	205%
Equity CAGR 3Y	156%
Market Cap	$776.19M
Revenue	$250.00K
Assets	$2.34B
Cash	$388.69M
Shares Outstanding	72.54M
Moat Score	5%
Working Capital	537.16M
Current Ratio	20.96
Gross Profit	$222.00K
Shares Growth 3y	5%
Equity Growth QoQ	5%
Equity Growth YoY	638%

Assets & ROA

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Stockholders Equity & ROE

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NET Power Inc. is a clean energy technology company. The Company invents, develops, and licenses clean power generation technology. Its technology provides natural gas power with life cycle emissions that are 90% below combined cycle natural gas systems and in line with renewables coupled with batteries. Its technology captures over 97% of carbon dioxide (CO2) emissions from power generation. The Company works by combusting natural gas with pure oxygen in a combustor, producing CO2 and water. It mixes this with recirculated CO2 and uses it to spin a turboexpander, producing power. When the turboexpander exhaust cools, water and byproducts are removed. Its projects include First Utility- Scale Project and La Porte Test Facility. The First Utility- Scale Project is in the Permian West Texas, which captures approximately 860000 tons of CO2 per year.

SEC Filings

Direct access to Net Power Inc. (NPWR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Net Power Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Net Power Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Net Power Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Net Power Inc..

Years

Calculation mode

= -$666M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$67M	-$67M	-$67M	-$67M	-$67M	-$67M	-$67M	-$67M	-$67M	-$67M	-$67M	-$666M
DCF		-$61M	-$55M	-$50M	-$45M	-$41M	-$38M	-$34M	-$31M	-$28M	-$26M	-$257M
Value	-$666M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2021	12/2022	06/2023	TTM
Net Margins	-	-9K%	-	-26K%
ROA	-	-2%	-5%	-7%
ROE	-	-21%	-24%	-1%

Bad Net Margins (-26.26K%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2021	12/2022	06/2023	TTM
Debt over FCF	-	-	-	-
Debt over Equity	-	-	-	-
Growth Stability	-	-	-	1

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2021	12/2022	06/2023	CAGR 5Y
Revenue YoY growth	-	-	-100%	-
Earnings YoY growth	-	438%	102%	-
Equity YoY growth	-	289%	73%	205%
FCF YoY growth	-	-	4K%	-