TransAlta Renewables Future Growth

Future criteria checks 3/6

TransAlta Renewables is forecast to grow earnings and revenue by 46.4% and 0.5% per annum respectively while EPS is expected to grow by 47.6% per annum.

Key information

46.4%

Earnings growth rate

47.6%

EPS growth rate

Renewable Energy earnings growth	13.0%
Revenue growth rate	0.5%
Future return on equity	n/a
Analyst coverage	Low
Last updated	06 Oct 2023

Recent future growth updates

Recent updates

Here's Why TransAlta Renewables (TSE:RNW) Can Manage Its Debt Responsibly

Jul 07

Is TransAlta Renewables Inc. (TSE:RNW) Trading At A 46% Discount?

Jun 03

These 4 Measures Indicate That TransAlta Renewables (TSE:RNW) Is Using Debt Reasonably Well

Apr 03

Investors Met With Slowing Returns on Capital At TransAlta Renewables (TSE:RNW)

Mar 17

Need To Know: The Consensus Just Cut Its TransAlta Renewables Inc. (TSE:RNW) Estimates For 2023

Feb 24

Here's What To Make Of TransAlta Renewables' (TSE:RNW) Decelerating Rates Of Return

Jul 19

Is TransAlta Renewables (TSE:RNW) A Risky Investment?

Jun 09

The Returns At TransAlta Renewables (TSE:RNW) Aren't Growing

Apr 13

TransAlta Renewables (TSE:RNW) Has A Pretty Healthy Balance Sheet

Mar 07

Returns Are Gaining Momentum At TransAlta Renewables (TSE:RNW)

Jan 06

TransAlta Renewables Inc. (TSE:RNW) Shares Could Be 46% Below Their Intrinsic Value Estimate

Dec 21

Is TransAlta Renewables (TSE:RNW) Using Too Much Debt?

Nov 24

TransAlta Renewables (TSE:RNW) Is Experiencing Growth In Returns On Capital

Sep 28

TransAlta Renewables Inc. (TSE:RNW) Shares Could Be 37% Below Their Intrinsic Value Estimate

Sep 15

Does TransAlta Renewables (TSE:RNW) Have A Healthy Balance Sheet?

Aug 15

TransAlta Renewables (TSE:RNW) Might Have The Makings Of A Multi-Bagger

Jun 23

Earnings and Revenue Growth Forecasts

TSX:RNW - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	581	N/A	N/A	381	1
12/31/2024	617	206	340	405	3
12/31/2023	513	197	337	371	2
6/30/2023	496	78	84	234	N/A
3/31/2023	536	78	84	221	N/A
12/31/2022	560	74	139	257	N/A
9/30/2022	544	77	146	239	N/A
6/30/2022	534	117	206	285	N/A
3/31/2022	487	129	256	336	N/A
12/31/2021	470	140	255	336	N/A
9/30/2021	459	150	262	314	N/A
6/30/2021	439	136	251	296	N/A
3/31/2021	448	141	256	288	N/A
12/31/2020	431	92	239	267	N/A
9/30/2020	421	87	258	291	N/A
6/30/2020	415	105	280	301	N/A
3/31/2020	422	106	257	282	N/A
12/31/2019	438	179	300	331	N/A
9/30/2019	457	224	319	361	N/A
6/30/2019	457	212	312	364	N/A
3/31/2019	451	246	318	384	N/A
12/31/2018	446	236	322	385	N/A
9/30/2018	438	176	255	312	N/A
6/30/2018	438	91	269	321	N/A
3/31/2018	442	48	284	322	N/A
12/31/2017	441	9	252	290	N/A
9/30/2017	402	2	299	329	N/A
6/30/2017	355	98	282	304	N/A
3/31/2017	298	61	N/A	301	N/A
12/31/2016	240	-2	N/A	282	N/A
9/30/2016	220	79	N/A	272	N/A
6/30/2016	217	117	N/A	250	N/A
3/31/2016	215	139	N/A	229	N/A
12/31/2015	216	195	N/A	189	N/A
9/30/2015	214	110	N/A	175	N/A
6/30/2015	214	49	N/A	152	N/A
3/31/2015	213	48	N/A	139	N/A
12/31/2014	212	49	N/A	143	N/A
9/30/2014	209	43	N/A	136	N/A
6/30/2014	210	44	N/A	144	N/A
3/31/2014	231	57	N/A	154	N/A
12/31/2013	223	50	N/A	162	N/A
9/30/2013	220	53	N/A	161	N/A
6/30/2013	218	55	N/A	159	N/A
3/31/2013	195	28	N/A	132	N/A
12/31/2012	196	32	N/A	117	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RNW's forecast earnings growth (46.4% per year) is above the savings rate (1.9%).

Earnings vs Market: RNW's earnings (46.4% per year) are forecast to grow faster than the Canadian market (14.7% per year).

High Growth Earnings: RNW's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RNW's revenue (0.5% per year) is forecast to grow slower than the Canadian market (7.2% per year).

High Growth Revenue: RNW's revenue (0.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

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

TransAlta Renewables Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 10%

Consensus EPS estimates fall by 22%

Consensus EPS estimates increase by 11%

Price target decreased to CA$15.12

Consensus forecasts updated

Consensus forecasts updated

Recent updates

TransAlta Renewables Inc. Common Shares to Be Deleted from OTC Equity

TransAlta's Shares to Be Delisted from Toronto Stock Exchange

TransAlta's Shares to Be Delisted from Toronto Stock Exchange

Non-Independent Director recently sold CA$436k worth of stock

TransAlta Corporation (TSX:TA) completed the acquisition of remaining 39.9% stake in TransAlta Renewables Inc. (TSX:RNW) from TortoiseEcofin Investments, LLC and others.

TransAlta Corporation (TSX:TA) completed the acquisition of remaining 39.9% stake in TransAlta Renewables Inc. (TSX:RNW).

Upcoming dividend of CA$0.078 per share at 7.2% yield

Consensus EPS estimates increase by 10%

Consensus EPS estimates fall by 22%

Upcoming dividend of CA$0.078 per share at 7.0% yield

New minor risk - Financial position

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

TransAlta Corporation (TSX:TA) entered into a definitive arrangement agreement to acquire remaining 39.9% stake in TransAlta Renewables Inc. (TSX:RNW) from shareholders for CAD 1.3 billion.

Investor sentiment improves as stock rises 15%

TransAlta Renewables Inc. to Report Q2, 2023 Results on Aug 04, 2023

Here's Why TransAlta Renewables (TSE:RNW) Can Manage Its Debt Responsibly

TransAlta Renewables Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of CA$0.078 per share at 8.3% yield

Upcoming dividend of CA$0.078 per share at 7.5% yield

Is TransAlta Renewables Inc. (TSE:RNW) Trading At A 46% Discount?

First quarter 2023 earnings: EPS and revenues miss analyst expectations

TransAlta Renewables Inc. Declares Monthly Dividends, Payable on July 31, 2023, August 31, 2023 and September 29, 2023

Upcoming dividend of CA$0.078 per share at 7.4% yield

Now 20% undervalued

Consensus EPS estimates increase by 11%

Upcoming dividend of CA$0.078 per share at 7.6% yield

These 4 Measures Indicate That TransAlta Renewables (TSE:RNW) Is Using Debt Reasonably Well

Investors Met With Slowing Returns on Capital At TransAlta Renewables (TSE:RNW)

Upcoming dividend of CA$0.078 per share at 7.9% yield

Need To Know: The Consensus Just Cut Its TransAlta Renewables Inc. (TSE:RNW) Estimates For 2023

Full year 2022 earnings: EPS misses analyst expectations

Transalta Renewables Inc. Declares Monthly Dividend, Payable on April 28, 2023, May 31, 2023 and June 30, 2023 Respectively

Upcoming dividend of CA$0.078 per share at 7.8% yield

TransAlta Renewables Inc. to Report Q4, 2022 Results on Feb 23, 2023

Upcoming dividend of CA$0.078 per share

Price target decreased to CA$15.12

We Think TransAlta Renewables (TSE:RNW) Can Stay On Top Of Its Debt

Investor sentiment deteriorated over the past week

Energy Ottawa Inc. acquired two hydroelectric generating stations from TransAlta Renewables Inc. (TSX:RNW).

Upcoming dividend of CA$0.078 per share

High number of new directors

Corporate Independent Director recently bought CA$66k worth of stock

Consensus forecasts updated

Upcoming dividend of CA$0.078 per share

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TransAlta Renewables Inc. Appoints Michael Novelli as Nominee Director

TransAlta Renewables Inc. Declares Monthly Dividend, Payable on January 31, 2023, February 28, 2023 and March 31, 2023 Respectively

TransAlta Renewables' (TSE:RNW) Returns Have Hit A Wall

TransAlta Renewables Inc. to Report Q3, 2022 Results on Nov 04, 2022

Upcoming dividend of CA$0.078 per share

TransAlta Renewables (TSE:RNW) Has A Pretty Healthy Balance Sheet

Upcoming dividend of CA$0.078 per share

Consensus forecasts updated

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of CA$0.078 per share

TransAlta Renewables Inc. Declares Monthly Dividend, Payable on October 31, 2022, November 30, 2022 and December 30, 2022 Respectively

Here's What To Make Of TransAlta Renewables' (TSE:RNW) Decelerating Rates Of Return

Upcoming dividend of CA$0.078 per share

TransAlta Renewables Inc. to Report Q2, 2022 Results on Aug 05, 2022

Is TransAlta Renewables (TSE:RNW) A Risky Investment?

Upcoming dividend of CA$0.078 per share

Upcoming dividend of CA$0.078 per share

TransAlta Renewables Inc. Declares Monthly Dividend, Payable on July 29, 2022, August 31, 2022 and September 29, 2022 Respectively

TransAlta Renewables Inc. to Report Q1, 2022 Results on May 04, 2022

The Returns At TransAlta Renewables (TSE:RNW) Aren't Growing

Upcoming dividend of CA$0.078 per share

TransAlta Renewables (TSE:RNW) Has A Pretty Healthy Balance Sheet

Upcoming dividend of CA$0.078 per share

Full year 2021 earnings: EPS misses analyst expectations