ASX:IFN

Stock Analysis Report

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Executive Summary

Infigen Energy Limited develops, owns, and operates renewable energy generation assets in Australia. More Details


Snowflake Analysis

Moderate growth potential with questionable track record.

Share Price & News

How has Infigen Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IFN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.5%

IFN

-0.1%

AU Renewable Energy

0.01%

AU Market


1 Year Return

38.3%

IFN

4.2%

AU Renewable Energy

-5.7%

AU Market

Return vs Industry: IFN exceeded the Australian Renewable Energy industry which returned 4.7% over the past year.

Return vs Market: IFN exceeded the Australian Market which returned -5.6% over the past year.


Shareholder returns

IFNIndustryMarket
7 Day-0.5%-0.1%0.01%
30 Day0%-1.0%5.4%
90 Day0%-7.1%4.0%
1 Year40.4%38.3%7.0%4.2%-2.4%-5.7%
3 Year30.8%26.0%-40.0%-40.9%18.0%3.0%
5 Year168.6%152.1%-39.3%-40.1%42.1%13.2%

Price Volatility Vs. Market

How volatile is Infigen Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Infigen Energy undervalued compared to its fair value and its price relative to the market?

256.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IFN (A$0.92) is trading above our estimate of fair value (A$0.42)

Significantly Below Fair Value: IFN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IFN is poor value based on its PE Ratio (256.3x) compared to the XO Renewable Energy industry average (26.3x).

PE vs Market: IFN is poor value based on its PE Ratio (256.3x) compared to the Australian market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: IFN is poor value based on its PEG Ratio (6.6x)


Price to Book Ratio

PB vs Industry: IFN is overvalued based on its PB Ratio (1.5x) compared to the AU Renewable Energy industry average (0.8x).


Next Steps

Future Growth

How is Infigen Energy forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

39.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IFN's forecast earnings growth (39.1% per year) is above the savings rate (2.3%).

Earnings vs Market: IFN's earnings (39.1% per year) are forecast to grow faster than the Australian market (17.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IFN's revenue is expected to decline over the next 3 years (-21% per year).

High Growth Revenue: IFN's revenue is forecast to decline over the next 3 years (-21% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IFN's Return on Equity is forecast to be low in 3 years time (1%).


Next Steps

Past Performance

How has Infigen Energy performed over the past 5 years?

31.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IFN has high quality earnings.

Growing Profit Margin: IFN's current net profit margins (1.2%) are lower than last year (15.8%).


Past Earnings Growth Analysis

Earnings Trend: IFN has become profitable over the past 5 years, growing earnings by 31.7% per year.

Accelerating Growth: IFN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IFN had negative earnings growth (-91.6%) over the past year, making it difficult to compare to the Renewable Energy industry average (-48.1%).


Return on Equity

High ROE: IFN's Return on Equity (0.6%) is considered low.


Next Steps

Financial Health

How is Infigen Energy's financial position?


Financial Position Analysis

Short Term Liabilities: IFN's short term assets (A$201.3M) exceed its short term liabilities (A$96.0M).

Long Term Liabilities: IFN's short term assets (A$201.3M) do not cover its long term liabilities (A$615.3M).


Debt to Equity History and Analysis

Debt Level: IFN's debt to equity ratio (102.3%) is considered high.

Reducing Debt: IFN's debt to equity ratio has reduced from 339.4% to 102.3% over the past 5 years.

Debt Coverage: IFN's debt is not well covered by operating cash flow (19.5%).

Interest Coverage: IFN's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Infigen Energy current dividend yield, its reliability and sustainability?

2.17%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate IFN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate IFN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if IFN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IFN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: IFN is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IFN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Ross Rolfe

3.92yrs

Tenure

AU$2,006,202

Compensation

Mr. Ross Kenneth Rolfe, AO has been the Chief Executive Officer, Managing Director and Executive Director of Infigen Energy Limited since November 17, 2016. Mr. Rolfe initiated the transition of the busine ...


CEO Compensation Analysis

Compensation vs Market: Ross's total compensation ($USD1.42M) is above average for companies of similar size in the Australian market ($USD932.12K).

Compensation vs Earnings: Ross's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ross Rolfe
CEO, MD & Executive Director3.92yrsAU$2.01mno data
Sylvia Wiggins
Executive Director of Finance & Commercial2.83yrsAU$1.55m0%
A$ 0
Tony Clark
Executive General Manager of Operations & Projects3.67yrsAU$670.92k0.0063%
A$ 56.0k
Tim Nelson
Executive General Manager of Energy Marketsno dataAU$1.78mno data
Peter Campbell
General Manager of Investor Relationsno datano datano data
David Richardson
GM of Corporate Governance & Company Secretary15yrsAU$431.35kno data
Miles George
Strategic Advisorno dataAU$2.50mno data
Marju Tonisson
Manager of ESG & Investor Relationsno datano datano data

3.8yrs

Average Tenure

Experienced Management: IFN's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ross Rolfe
CEO, MD & Executive Director3.92yrsAU$2.01mno data
Emma Stein
Independent Non Executive Director3.08yrsAU$162.98kno data
Leonard Gill
Independent Non-Executive Chairman2.83yrsAU$256.25k0%
A$ 0
Regina Gallur
Director0.17yrno datano data
David Jose Molina
Director0.17yrno datano data
Sergio Hernandez de Deza
Director0.17yrno datano data
Felipe Castresana
Director0.17yrno datano data

0.2yrs

Average Tenure

Experienced Board: IFN's board of directors are not considered experienced ( 0.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Infigen Energy Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Infigen Energy Limited
  • Ticker: IFN
  • Exchange: ASX
  • Founded: 2003
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: AU$893.090m
  • Shares outstanding: 970.75m
  • Website: https://www.infigenenergy.com

Number of Employees


Location

  • Infigen Energy Limited
  • 56 Pitt Street
  • Level 17
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IFNASX (Australian Securities Exchange)YesStapled SecuritiesAUAUDOct 2005
B4UDB (Deutsche Boerse AG)YesStapled SecuritiesDEEUROct 2005
IFGN.FOTCPK (Pink Sheets LLC)YesStapled SecuritiesUSUSDOct 2005
IFNCHIA (Chi-X Australia)YesStapled SecuritiesAUAUDOct 2005

Biography

Infigen Energy Limited develops, owns, and operates renewable energy generation assets in Australia. It has 670 megawatts of installed generation capacity in New South Wales, South Australia, and Western A ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 10:35
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.