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RNE

ReNu EnergyASX:RNE Stock Report

Market Cap

AU$6.2m

7D

-2.1%

1Y

51.6%

Updated

23 Sep, 2021

Data

Company Financials
RNE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

RNE Overview

ReNu Energy Limited does not have significant operations.

Price History & Performance

Summary of all time highs, changes and price drops for ReNu Energy
Historical stock prices
Current Share PriceAU$0.047
52 Week HighAU$0.025
52 Week LowAU$0.13
Beta0.41
1 Month Change-9.62%
3 Month Change-24.19%
1 Year Change51.61%
3 Year Change-53.00%
5 Year Change-70.63%
Change since IPO-99.08%

Recent News & Updates

Shareholder Returns

RNEAU Renewable EnergyAU Market
7D-2.1%1.0%-0.5%
1Y51.6%11.2%24.9%

Return vs Industry: RNE exceeded the Australian Renewable Energy industry which returned 11.3% over the past year.

Return vs Market: RNE exceeded the Australian Market which returned 25.4% over the past year.

Price Volatility

Is RNE's price volatile compared to industry and market?
RNE volatility
RNE Beta0.41
Industry Beta0.62
Market Beta1

Stable Share Price: RNE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: RNE's weekly volatility has decreased from 19% to 12% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000n/aGreg Watsonhttps://www.renuenergy.com.au

ReNu Energy Limited does not have significant operations. It focuses on investing in companies in the areas of renewable and clean energy technologies. Previously, the company was engaged in developing bioenergy projects.

ReNu Energy Fundamentals Summary

How do ReNu Energy's earnings and revenue compare to its market cap?
RNE fundamental statistics
Market CapAU$6.24m
Earnings (TTM)-AU$1.15m
Revenue (TTM)n/a

0x

P/S Ratio

-5.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RNE income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.15m
Earnings-AU$1.15m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.01
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio3.9%

How did RNE perform over the long term?

See historical performance and comparison

Valuation

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

2.31x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate RNE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate RNE's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: RNE 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 RNE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RNE is overvalued based on its PB Ratio (2.3x) compared to the AU Renewable Energy industry average (1.6x).


Future Growth

How is ReNu Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.7%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ReNu Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has ReNu Energy performed over the past 5 years?

34.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RNE is currently unprofitable.

Growing Profit Margin: RNE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RNE is unprofitable, but has reduced losses over the past 5 years at a rate of 34.7% per year.

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

Earnings vs Industry: RNE is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (16.8%).


Return on Equity

High ROE: RNE has a negative Return on Equity (-42.53%), as it is currently unprofitable.


Financial Health

How is ReNu Energy's financial position?


Financial Position Analysis

Short Term Liabilities: RNE's short term assets (A$3.4M) exceed its short term liabilities (A$726.6K).

Long Term Liabilities: RNE has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RNE's debt to equity ratio (3.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if RNE's debt to equity ratio has reduced over the 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: RNE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: RNE has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 23.3% each year.


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate RNE'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 RNE's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RNE'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?

1.8yrs

Average board tenure


CEO

Greg Watson

1.58yrs

Tenure

AU$252,000

Compensation

Mr. Greg Watson, LLB, BCom, GDipLP, CA, serves as Chief Financial Officer and Company Secretary at ReNu Energy Limited since joining on September 10, 2019 and has been its Chief Executive Officer since Feb...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD182.99K) is below average for companies of similar size in the Australian market ($USD281.32K).

Compensation vs Earnings: Greg's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: RNE's board of directors are not considered experienced ( 1.8 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: RNE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.1%.


Top Shareholders

Company Information

ReNu Energy Limited's employee growth, exchange listings and data sources


Key Information

  • Name: ReNu Energy Limited
  • Ticker: RNE
  • Exchange: ASX
  • Founded: 2000
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: AU$6.240m
  • Shares outstanding: 132.76m
  • Website: https://www.renuenergy.com.au

Number of Employees


Location

  • ReNu Energy Limited
  • Corporate House
  • Level 2
  • Milton
  • Queensland
  • 4064
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 15:54
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.