| Valuation method | Value, £ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
BiON plc, formerly known as Green & Smart Holdings plc, is a Malaysia-based company listed on the London Stock Exchange. Previously engaged in industrial biotechnology, pollution control, and renewable energy, BiON provided engineering consultancy, process design services, and the construction of wastewater treatment systems. The company also developed, commercialized, and maintained biogas power plants. However, as of its latest financial reporting, BiON no longer has significant operations, positioning it as a shell company within the Financial Services sector. With its headquarters in Kuala Lumpur, BiON's transition from an active renewable energy player to a dormant entity reflects strategic shifts or challenges in its business model. Investors should note its historical focus on sustainable energy solutions, though its current status as a non-operational shell company limits its relevance in the renewable energy or industrial biotechnology sectors.
BiON plc presents significant investment risks due to its lack of significant operations and negative financial metrics. The company reported a net income of -£121.6 million and an operating cash flow of -£12.9 million for FY 2020, alongside minimal cash reserves (£2.3 million) and substantial total debt (£65.4 million). With no dividend payouts and a diluted EPS of -£0.28, BiON is not an attractive income or growth investment. Its beta of 0.658 suggests lower volatility than the market, but this may reflect its dormant status rather than stability. Investors should approach with caution, as the company's future prospects remain uncertain without a clear operational strategy or revenue-generating activities.
BiON plc's competitive positioning is difficult to assess given its current status as a shell company with no significant operations. Historically, it operated in renewable energy and industrial biotechnology, competing with firms specializing in biogas, wastewater treatment, and sustainable engineering solutions. However, its shift to dormancy removes it from active competition. Prior to this transition, BiON's strengths may have included its niche focus on biogas power plants and wastewater systems in Malaysia, potentially offering localized expertise. Weaknesses included high debt levels and negative profitability, which likely hindered scalability. Today, BiON lacks competitive advantages, as it no longer engages in R&D, consultancy, or plant construction. Its market cap of £1.15 million reflects its diminished standing, and without a viable business model, it cannot leverage sector trends like the global push for renewable energy.