BOVESPA:RNEW11

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Executive Summary

Renova Energia S.A. develops, implements, and operates projects for the generation of energy from renewable sources in Brazil. More Details


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RNEW11 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.6%

RNEW11

-1.1%

BR Renewable Energy

-0.6%

BR Market


1 Year Return

-56.8%

RNEW11

9.6%

BR Renewable Energy

-7.3%

BR Market

Return vs Industry: RNEW11 underperformed the BR Renewable Energy industry which returned 10.9% over the past year.

Return vs Market: RNEW11 underperformed the BR Market which returned -7.5% over the past year.


Shareholder returns

RNEW11IndustryMarket
7 Day-5.6%-1.1%-0.6%
30 Day-5.6%-3.3%-5.6%
90 Day-8.5%1.5%0.8%
1 Year-56.8%-56.8%14.5%9.6%-4.1%-7.3%
3 Year-90.3%-90.3%101.0%74.6%37.9%23.1%
5 Year-96.8%-97.0%27.7%-14.4%109.8%74.6%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RNEW11 (R$8.65) is trading below our estimate of fair value (R$77.35)

Significantly Below Fair Value: RNEW11 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RNEW11 is unprofitable, so we can't compare its PE Ratio to the BR Renewable Energy industry average.

PE vs Market: RNEW11 is unprofitable, so we can't compare its PE Ratio to the BR market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RNEW11's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RNEW11 has negative assets, so we can't compare its PB Ratio to the BR Renewable Energy industry average.


Next Steps

Future Growth

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

15.7%

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 Renova Energia 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.


Next Steps

Past Performance

How has Renova Energia performed over the past 5 years?

-24.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RNEW11 is currently unprofitable.

Growing Profit Margin: RNEW11 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RNEW11 is unprofitable, and losses have increased over the past 5 years at a rate of 24.7% per year.

Accelerating Growth: Unable to compare RNEW11's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RNEW11 is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-19.6%).


Return on Equity

High ROE: RNEW11's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Renova Energia's financial position?


Financial Position Analysis

Short Term Liabilities: RNEW11 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: RNEW11 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: RNEW11 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: RNEW11's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: Whilst unprofitable RNEW11 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RNEW11 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 45.1% per year.


Next Steps

Dividend

What is Renova Energia current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RNEW11's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RNEW11'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 RNEW11's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RNEW11's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RNEW11 is not paying a notable dividend for the BR market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RNEW11's dividend in 3 years as they are not forecast to pay a notable one for the BR market.


Next Steps

Management

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

1.2yrs

Average board tenure


CEO

Marcelo Milliet

0.92

Tenure

Mr. Marcelo J. Milliet is Chief Executive Officer and Investor Relations Officer at Renova Energia S.A. since October 23, 2019. He is Technical Director of Intermixture and Associate Director of Integra Co ...


Board Members

NamePositionTenureCompensationOwnership
Renato do Amaral Figueiredo
Founding Partner and Director12.33yrsno datano data
Geoffrey Cleaver
Independent Director12.75yrsno datano data
Carlos José Correa
Independent Director1.08yrsno datano data
Olavo Fortes Rodrigues Júnior
Member of Fiscal Council1.33yrsno datano data
Walter Tatoni
Director0.75yrno datano data
Douglas Braga Ferraz Oliveira Xavier
Director4.42yrsno datano data
Mauricio Palmieri Orlandi
Member of Fiscal Council1.33yrsno datano data
Peter Wilson
Substitute Director5.75yrsno datano data
Daniel Ferreira
Director1.08yrsno datano data
Claudio da Silva Neto
Director0.75yrno datano data
Luiz Schneider
Independent Chairman of the Board of Directors0.75yrno datano data
Antonio Velez Braga
Director0.75yrno datano data

1.2yrs

Average Tenure

57yo

Average Age

Experienced Board: RNEW11's board of directors are not considered experienced ( 1.2 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Renova Energia S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Renova Energia S.A.
  • Ticker: RNEW11
  • Exchange: BOVESPA
  • Founded: 2001
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: R$120.292m
  • Shares outstanding: 13.91m
  • Website: https://www.renovaenergia.com.br

Number of Employees


Location

  • Renova Energia S.A.
  • Av. Roque Petroni Júnior,999
  • 4th floor
  • São Paulo
  • São Paulo
  • Brazil

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RNEW11BOVESPA (Bolsa de Valores de Sao Paulo)YesUNITS (REPR 1 COM & 2 PRF)BRBRLJul 2010
RNEW3BOVESPA (Bolsa de Valores de Sao Paulo)Ordinary SharesBRBRLApr 2013
RNEW4BOVESPA (Bolsa de Valores de Sao Paulo)Preferred SharesBRBRLSep 2013

Biography

Renova Energia S.A. develops, implements, and operates projects for the generation of energy from renewable sources in Brazil. It operates wind farms, small hydroelectric plants, and solar power plants; an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 18:11
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.