Hydrogen Utopia International

HUI.L

Waste Management · Industrials

Price

2.03 GBp

-0.06 (-2.64%)

Market Cap

8.8M GBp

Exchange

London Stock Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+56.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 256.3M (2021) → 401.3M (2025)

Hydrogen Utopia International is a small British company that is trying to turn non-recyclable plastic waste into hydrogen fuel. The idea is to take plastic that would otherwise go to a landfill or be burned, and convert it into clean-burning hydrogen gas that can be used for energy. The company is working to build facilities in Europe, with early projects focused on Poland and other EU markets.

The company does not yet generate meaningful revenue, which is reflected in its zero gross margin and negative returns on capital. It is in an early, pre-commercial stage, relying on fundraising and partnerships rather than product sales to keep operating. The main growth driver is successfully building and proving out its first commercial plant, but the main risk is that the technology remains unproven at scale, cash burn is ongoing, and the company faces competition from larger, better-funded clean energy and waste processing firms.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

3.8%ownership

Relatively low insider ownership

Cash Runway

~7 months

$959,811 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Cash watch

Hydrogen Utopia International has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

N/A

—

Data not available

Operating Margin

N/A

—

Data not available

ROCE

-18.5%

Weak — -18.5% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

—

Data not available

EPS YoY

N/A

—

Data not available

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

N/A

—

Data not available

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Stability

Debt / Equity

0.58

Conservative — low debt load (0.58)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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