ASX:WND

Stock Analysis Report

Executive Summary

Windlab Limited develops, finances, constructs, and operates wind farms in Australia, Kenya, South Africa, Tanzania, and the United States.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.6%

WND

1.9%

AU Renewable Energy

2.5%

AU Market


1 Year Return

-47.4%

WND

3.8%

AU Renewable Energy

11.1%

AU Market

Return vs Industry: WND underperformed the Australian Renewable Energy industry which returned 3.8% over the past year.

Return vs Market: WND underperformed the Australian Market which returned 11.1% over the past year.


Shareholder returns

WNDIndustryMarket
7 Day2.6%1.9%2.5%
30 Day0%2.7%0.7%
90 Day0%34.5%1.4%
1 Year-47.4%-47.4%5.1%3.8%17.5%11.1%
3 Yearn/a-22.8%-25.7%37.8%19.4%
5 Yearn/a-0.4%-4.6%51.7%17.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate WND's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate WND's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate WND's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WND is good value based on its PB Ratio (1x) compared to the AU Renewable Energy industry average (1x).


Next Steps

Future Growth

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

29.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WND is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: WND is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: WND is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if WND's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: Insufficient data to determine if WND's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if WND's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Windlab performed over the past 5 years?

-14.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WND is unprofitable, and losses have increased over the past 5 years at a rate of -14.9% per year.

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

Earnings vs Industry: WND is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (33.9%).


Return on Equity

High ROE: WND has a negative Return on Equity (-5.84%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: WND is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: WND is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Windlab's financial position?


Financial Position Analysis

Short Term Liabilities: WND's short term assets (A$27.5M) exceeds its short term liabilities (A$6.9M)

Long Term Liabilities: WND's short term assets (27.5M) exceeds its long term liabilities (7.1M)


Debt to Equity History and Analysis

Debt Level: WND's debt to equity ratio (16.7%) is considered satisfactory

Reducing Debt: WND's debt to equity ratio has reduced from 147.8% to 16.7% over the past 5 years.

Debt Coverage: WND's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if WND's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: WND has a low level of unsold assets or inventory.

Debt Coverage by Assets: WND's debt is covered by short term assets (assets are 2.814110x debt).


Next Steps

Dividend

What is Windlab's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.6%industryaverage3.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if WND'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 WND's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of Windlab's salary, the management and board of directors tenure and is there insider trading?

8.6yrs

Average management tenure


CEO

Roger Price 0

8.6yrs

Tenure

AU$519,981

Compensation

Mr. Roger Price, B Eng, serves as the General Partner at Innovation Capital. Mr. Price serves as the Chief Executive Officer of Windlab Systems Pty Limited and has been Chief Executive Officer of Windlab L ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Roger's total compensation is reasonable compared to companies of similar size in the Australian market.

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


Management Age and Tenure

8.6yrs

Average Tenure

Experienced Management: WND's management team is seasoned and experienced (8.6 years average tenure).


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

BuyAU$689,78424 Sep 19
Jencay Capital Pty Ltd
EntityCompany
Shares854,695
Max PriceAU$0.81
BuyAU$10,059,64323 Sep 19
Innovation Capital
EntityCompany
Shares12,574,544
Max PriceAU$0.80
BuyAU$89,00015 Mar 19
Rhodium Capital Pty Limited
EntityCompany
Shares100,000
Max PriceAU$0.89

Ownership Breakdown


Management Team

  • Andrew Cooke (59yo)

    Company Secretary

    • Tenure: 2.2yrs
  • Nathan Steggel

    Co-Founder & General Manager of Technical Services

    • Tenure: 16.8yrs
  • Keith Ayotte

    Co-Founder & Chief Scientist

    • Tenure: 16.8yrs
  • Roger Price

    Executive Chairman & CEO

    • Tenure: 8.6yrs
    • Compensation: AU$519.98k
  • Tracy Stoddard

    President of North America

    • Tenure: 0yrs
  • Peter Venn

    Managing Director - Windlab Africa

    • Tenure: 0yrs
  • Rob Fisher

    CFO & COO

    • Tenure: 0yrs
    • Compensation: AU$386.64k
  • Katherine Persson

    Managing Director of East Africa

    • Tenure: 0.4yrs

Board Members

  • Charles Macek (72yo)

    Senior Independent Director

    • Tenure: 0yrs
    • Compensation: AU$65.00k
  • Roger Price

    Executive Chairman & CEO

    • Tenure: 8.6yrs
    • Compensation: AU$519.98k
  • Pippa Downes

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: AU$80.00k
  • Joseph O’Brien

    Independent Non-Executive Director

    • Tenure: 2.9yrs
    • Compensation: AU$65.00k

Company Information

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


Key Information

  • Name: Windlab Limited
  • Ticker: WND
  • Exchange: ASX
  • Founded: 2003
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: AU$54.570m
  • Shares outstanding: 68.21m
  • Website: https://www.windlab.com

Location

  • Windlab Limited
  • 60 Marcus Clarke Street
  • Level 4
  • Canberra
  • Australian Capital Territory
  • 2601
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WNDASX (Australian Securities Exchange)YesOrdinary SharesAUAUDAug 2017
WNDCHIA (Chi-X Australia)YesOrdinary SharesAUAUDAug 2017

Biography

Windlab Limited develops, finances, constructs, and operates wind farms in Australia, Kenya, South Africa, Tanzania, and the United States. It also provides asset management services to various opertaing w ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 10:38
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.