| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
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
| NEW | Industry | Market | |
|---|---|---|---|
| 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 Year | 0.8%-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 Year | n/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
3 months ago | Simply Wall St
Calculating The Intrinsic Value Of New Energy Solar Limited (ASX:NEW)New Energy Solar Fundamentals Summary
| NEW fundamental statistics | |
|---|---|
| Market Cap | AU$287.72m |
| Earnings (TTM) | -AU$58.59m |
| Revenue (TTM) | n/a |
-7.0x
P/S Ratio-4.9x
P/E RatioIs NEW overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NEW income statement (TTM) | |
|---|---|
| Revenue | -AU$41.27m |
| Cost of Revenue | AU$0 |
| Gross Profit | -AU$41.27m |
| Expenses | AU$17.32m |
| Earnings | -AU$58.59m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.17 |
| Gross Margin | 100.00% |
| Net Profit Margin | 141.96% |
| Debt/Equity Ratio | 0.0% |
How did NEW perform over the long term?
See historical performance and comparisonDividends
7.5%
Current Dividend Yield-36%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/17 08:03 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.