Executive Summary
New Energy Solar Limited acquires, owns and manages large scale solar generation facilities.
Rewards
Snowflake Analysis
Share Price & News
How has New Energy Solar's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NEW has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-5.2%
NEW
-0.9%
AU Renewable Energy
0.5%
AU Market
1 Year Return
-8.6%
NEW
14.6%
AU Renewable Energy
19.1%
AU Market
Return vs Industry: NEW underperformed the Australian Renewable Energy industry which returned 14.6% over the past year.
Return vs Market: NEW underperformed the Australian Market which returned 19.1% over the past year.
Shareholder returns
| NEW | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.2% | -0.9% | 0.5% |
| 30 Day | 2.4% | -3.4% | -0.2% |
| 90 Day | 0.8% | -2.0% | 0.4% |
| 1 Year | -3.1%-8.6% | 17.9%14.6% | 24.9%19.1% |
| 3 Year | n/a | -38.3%-40.6% | 37.0%18.2% |
| 5 Year | n/a | 28.7%21.2% | 58.6%22.8% |
Price Volatility Vs. Market
How volatile is New Energy Solar's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Is Buying New Energy Solar Limited (ASX:NEW) For Its Upcoming AU$0.037 Dividend A Good Choice?1 year ago | Simply Wall St
What Does New Energy Solar Limited's (ASX:NEW) Ownership Structure Look Like?Valuation
Is New Energy Solar undervalued compared to its fair value and its price relative to the market?
25.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NEW (A$1.27) is trading below our estimate of fair value (A$1.7)
Significantly Below Fair Value: NEW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NEW is poor value based on its PE Ratio (11.7x) compared to the Renewable Energy industry average (11x).
PE vs Market: NEW is good value based on its PE Ratio (11.7x) compared to the Australian market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NEW's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NEW is good value based on its PB Ratio (0.8x) compared to the AU Renewable Energy industry average (1x).
Future Growth
How is New Energy Solar forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
9.6%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if NEW's forecast earnings growth is above the savings rate (1.1%).
Earnings vs Market: Insufficient data to determine if NEW's earnings are forecast to grow faster than the Australian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NEW's revenue (9.6% per year) is forecast to grow faster than the Australian market (3.5% per year).
High Growth Revenue: NEW's revenue (9.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NEW's Return on Equity is forecast to be low in 3 years time (7.2%).
Past Performance
How has New Energy Solar performed over the past 5 years?
-25.5%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: NEW has high quality earnings.
Growing Profit Margin: NEW's current net profit margins (86.1%) are lower than last year (90.8%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if NEW's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: NEW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NEW had negative earnings growth (-25.5%) over the past year, making it difficult to compare to the Renewable Energy industry average (33.9%).
Return on Equity
High ROE: NEW's Return on Equity (7%) is considered low.
Return on Assets
Return on Capital Employed
Financial Health
How is New Energy Solar's financial position?
Financial Position Analysis
Short Term Liabilities: NEW's short term assets (A$1.4M) do not cover its short term liabilities (A$14.5M).
Long Term Liabilities: NEW has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NEW is debt free.
Reducing Debt: NEW has not had any debt for past 5 years.
Debt Coverage: NEW has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NEW has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: NEW has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if NEW's debt is covered by short term assets.
Dividend
What is New Energy Solar's current dividend yield, its reliability and sustainability?
6.22%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NEW's dividend (6.22%) is higher than the bottom 25% of dividend payers in the Australian market (2.41%).
High Dividend: NEW's dividend (6.22%) is in the top 25% of dividend payers in the Australian market (5.6%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NEW has been paying a dividend for less than 10 years.
Growing Dividend: NEW has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.7%), NEW's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NEW's dividends in 3 years are forecast to be covered by earnings (69.6% payout ratio).
Management
What is the CEO of New Energy Solar's salary, the management and board of directors tenure and is there insider trading?
1.8yrs
Average management tenure
CEO
John Martin 0
2.6yrs
Tenure
Mr. John Martin, BEcon.(USYD) serves as the Chief Executive Officer, Managing Director & Director of New Energy Solar Limited.
Management Age and Tenure
1.8yrs
Average Tenure
Experienced Management: NEW's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Age and Tenure
2.2yrs
Average Tenure
Experienced Board: NEW's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Non-Executive Director |
| Shares | 75,000 |
| Max Price | AU$1.27 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director |
| Shares | 190,862 |
| Max Price | AU$1.30 |
| Entity | Individual |
| Role | Chairman of the Board Independent Non-Executive Chairman |
| Shares | 20,000 |
| Max Price | AU$1.29 |
| Entity | Individual |
| Role | Chief Executive Officer MD, CEO & Director |
| Shares | 24,187 |
| Max Price | AU$1.28 |
| Entity | Individual |
| Role | Chief Executive Officer MD, CEO & Director |
| Shares | 20,000 |
| Max Price | AU$1.30 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.9%.
Management Team
Alex MacLachlan
Chairman & CEO of Walsh & Company Investments Limited
- Tenure: 0yrs
Whitney Voute
Head of Investor Relations of US Solar Fund
- Tenure: 0.9yrs
Warwick Keneally
Head of Finance and Director of Walsh & Company Investments Limited
- Tenure: 2.6yrs
Adam Chandler
Portfolio Manager
- Tenure: 0yrs
John Martin
MD, CEO & Director
- Tenure: 2.6yrs
Liam Thomas
Chief Investment Officer
- Tenure: 3.8yrs
Hannah Chan
Company Secretary
- Tenure: 4.1yrs
Caroline Purtell
Company Secretary
- Tenure: 1.1yrs
Michael van der Vlies
Chief Financial Officer
- Tenure: 0yrs
Fleur Jouault
Head of Investor Relations
- Tenure: 0.4yrs
Board Members
Alan Dixon
Non-Executive Director
- Tenure: 2.2yrs
John Michael Holland
Independent Non-Executive Director
- Tenure: 2.2yrs
- Compensation: AU$8.33k
Jeff Whalan
Independent Non-Executive Chairman
- Tenure: 2.2yrs
- Compensation: AU$12.50k
Alex MacLachlan
Chairman & CEO of Walsh & Company Investments Limited
- Tenure: 0yrs
James Davies
Independent Non-Executive Director
- Tenure: 2.2yrs
- Compensation: AU$8.33k
Maxine McKew
Independent Non-Executive Director
- Tenure: 2.2yrs
- Compensation: AU$8.33k
Warwick Keneally
Head of Finance and Director of Walsh & Company Investments Limited
- Tenure: 2.6yrs
John Martin
MD, CEO & Director
- Tenure: 2.6yrs
Mike Adams
Director of Walsh & Company Investments Limited
- Tenure: 1.4yrs
Company Information
New Energy Solar Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: New Energy Solar Limited
- Ticker: NEW
- Exchange: ASX
- Founded: 2015
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: AU$445.846m
- Shares outstanding: 351.06m
- Website: https://www.newenergysolar.com.au
Location
- New Energy Solar Limited
- 100 Pacific Highway
- Level 15
- North Sydney
- New South Wales
- 2060
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NEW | CHIA (Chi-X Australia) | Yes | Stapled Securities | AU | AUD | Dec 2017 |
| NEW | ASX (Australian Securities Exchange) | Yes | Stapled Securities | AU | AUD | Dec 2017 |
Biography
New Energy Solar Limited acquires, owns and manages large scale solar generation facilities. The firm may also invest in other renewable energy assets including wind, geothermal, hydro-electricity, hybrid ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/15 10:47 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.