NEW

New Energy SolarASX:NEW Stock Report

Market Cap

AU$287.7m

7D

-1.8%

1Y

-5.8%

Updated

17 Sep, 2021

Data

Company Financials +
NEW fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends3/6

NEW Overview

New Energy Solar Limited acquires, owns and manages large scale solar generation facilities.

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 is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NEW's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.8%

NEW

0.5%

AU Renewable Energy

0.8%

AU Market


1 Year Return

-5.8%

NEW

15.4%

AU Renewable Energy

28.0%

AU Market

Return vs Industry: NEW underperformed the Australian Renewable Energy industry which returned 15.4% over the past year.

Return vs Market: NEW underperformed the Australian Market which returned 28% over the past year.


Shareholder returns

NEWIndustryMarket
7 Day-1.8%0.5%0.8%
30 Day-1.2%-2.1%-0.3%
90 Day-11.1%-4.8%1.5%
1 Year0.8%-5.8%24.1%15.4%33.5%28.0%
3 Year-33.9%-44.9%-38.0%-44.0%37.1%20.3%
5 Yearn/a-58.4%-60.4%67.0%34.0%

Long-Term 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

New Energy Solar Fundamentals Summary

How do New Energy Solar's earnings and revenue compare to its market cap?
NEW fundamental statistics
Market CapAU$287.72m
Earnings (TTM)-AU$58.59m
Revenue (TTM)n/a

-7.0x

P/S Ratio

-4.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NEW income statement (TTM)
Revenue-AU$41.27m
Cost of RevenueAU$0
Gross Profit-AU$41.27m
ExpensesAU$17.32m
Earnings-AU$58.59m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.17
Gross Margin100.00%
Net Profit Margin141.96%
Debt/Equity Ratio0.0%

How did NEW perform over the long term?

See historical performance and comparison

Dividends

7.5%

Current Dividend Yield

-36%

Payout Ratio

Valuation

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

0.72x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NEW (A$0.81) is trading above our estimate of fair value (A$0.59)

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


Price To Earnings Ratio

PE vs Industry: NEW is unprofitable, so we can't compare its PE Ratio to the Oceanic Renewable Energy industry average.

PE vs Market: NEW is unprofitable, so we can't compare its PE Ratio to the Australian market.


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 (0.7x) compared to the AU Renewable Energy industry average (1.9x).


Future Growth

How is New Energy Solar forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

97.5%

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 (1.9%).

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 (97.5% per year) is forecast to grow faster than the Australian market (5.2% per year).

High Growth Revenue: NEW's revenue (97.5% per year) is forecast to grow faster 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 (9.1%).


Past Performance

How has New Energy Solar performed over the past 5 years?

-57.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NEW is currently unprofitable.

Growing Profit Margin: NEW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NEW is unprofitable, and losses have increased over the past 5 years at a rate of 57% per year.

Accelerating Growth: Unable to compare NEW's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NEW is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (16.2%).


Return on Equity

High ROE: NEW has a negative Return on Equity (-14.61%), as it is currently unprofitable.


Financial Health

How is New Energy Solar's financial position?


Financial Position Analysis

Short Term Liabilities: NEW's short term assets (A$4.8M) do not cover its short term liabilities (A$8.9M).

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.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NEW has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: NEW has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26.5% each year


Dividend

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

7.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NEW's dividend (7.45%) is higher than the bottom 25% of dividend payers in the Australian market (2.31%).

High Dividend: NEW's dividend (7.45%) is in the top 25% of dividend payers in the Australian market (5.26%)


Stability and Growth of Payments

Stable Dividend: NEW has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NEW has only been paying a dividend for 4 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: NEW is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: NEW's dividends in 3 years are forecast to be covered by earnings (60% payout ratio).


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

John Martin

4.33yrs

Tenure

Mr. John Martin, BEcon (USYD) serves as the Chief Executive Officer, Managing Director at New Energy Solar Limited since May 2017. He brings a wealth of experience and capability to the role after more tha...


Leadership Team

Experienced Management: NEW's management team is considered experienced (3.7 years average tenure).


Board Members

Experienced Board: NEW's board of directors are considered experienced (3.9 years average tenure).


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

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$287.722m
  • Shares outstanding: 357.42m
  • Website: https://www.newenergysolar.com.au

Location

  • New Energy Solar Limited
  • 100 Pacific Highway
  • Level 15
  • North Sydney
  • New South Wales
  • 2060
  • Australia

Listings


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/17 08:03
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.