BME:GRE

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Grenergy Renovables

Market Cap

€798.6m

Last Updated

2021/07/22 22:48 UTC

Data Sources

Company Financials +

Executive Summary

Grenergy Renovables, S.A., together with its subsidiaries, operates as an independent energy producer. More Details


Snowflake Analysis

Exceptional growth potential with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: GRE is more volatile than 75% of Spanish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GRE's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Spanish stocks.


Market Performance


7 Day Return

3.0%

GRE

0.7%

ES Renewable Energy

1.2%

ES Market


1 Year Return

96.6%

GRE

23.8%

ES Renewable Energy

15.4%

ES Market

Return vs Industry: GRE exceeded the Spanish Renewable Energy industry which returned 20.6% over the past year.

Return vs Market: GRE exceeded the Spanish Market which returned 13.3% over the past year.


Shareholder returns

GREIndustryMarket
7 Day3.0%0.7%1.2%
30 Day1.6%5.0%-3.7%
90 Day8.6%-1.3%-0.8%
1 Year96.6%96.6%27.1%23.8%20.4%15.4%
3 Year939.3%939.3%87.9%73.7%0.5%-8.9%
5 Year1,534.8%1,534.8%166.0%140.6%23.2%4.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

56.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: GRE is poor value based on its PE Ratio (56.8x) compared to the Spanish Renewable Energy industry average (56.5x).

PE vs Market: GRE is poor value based on its PE Ratio (56.8x) compared to the Spanish market (22.4x).


Price to Earnings Growth Ratio

PEG Ratio: GRE is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: GRE is good value based on its PB Ratio (4.5x) compared to the ES Renewable Energy industry average (5.3x).


Future Growth

How is Grenergy Renovables forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

34.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRE's forecast earnings growth (34.8% per year) is above the savings rate (1%).

Earnings vs Market: GRE's earnings (34.8% per year) are forecast to grow faster than the Spanish market (21.9% per year).

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

Revenue vs Market: GRE's revenue (27.5% per year) is forecast to grow faster than the Spanish market (6.5% per year).

High Growth Revenue: GRE's revenue (27.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GRE's Return on Equity is forecast to be high in 3 years time (29.2%)


Past Performance

How has Grenergy Renovables performed over the past 5 years?

46.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GRE has high quality earnings.

Growing Profit Margin: GRE's current net profit margins (12.3%) are lower than last year (14.2%).


Past Earnings Growth Analysis

Earnings Trend: GRE's earnings have grown significantly by 46.2% per year over the past 5 years.

Accelerating Growth: GRE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GRE had negative earnings growth (-20.2%) over the past year, making it difficult to compare to the Renewable Energy industry average (3.8%).


Return on Equity

High ROE: GRE's Return on Equity (7.8%) is considered low.


Financial Health

How is Grenergy Renovables's financial position?


Financial Position Analysis

Short Term Liabilities: GRE's short term assets (€187.7M) exceed its short term liabilities (€90.7M).

Long Term Liabilities: GRE's short term assets (€187.7M) exceed its long term liabilities (€151.2M).


Debt to Equity History and Analysis

Debt Level: GRE's debt to equity ratio (85%) is considered high.

Reducing Debt: GRE's debt to equity ratio has increased from 44.6% to 85% over the past 5 years.

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

Interest Coverage: GRE's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

1.7yrs

Average board tenure


CEO

David Ruiz de Andrés (49 yo)

no data

Tenure

€127,401

Compensation

Mr. David Ruiz de Andrés founded Grenergy Renovables, S.A. in 2007 and has been its Chief Executive Officer since then. Mr. Ruiz de Andrés has been President of Grenergy Renovables, S.A. since July 19, 201...


CEO Compensation Analysis

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

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


Board Members

Experienced Board: GRE's board of directors are not considered experienced ( 1.7 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 been diluted in the past year, with total shares outstanding growing by 15.6%.


Top Shareholders

Company Information

Grenergy Renovables, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Grenergy Renovables, S.A.
  • Ticker: GRE
  • Exchange: BME
  • Founded: 2007
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: €798.579m
  • Shares outstanding: 27.44m
  • Website: https://www.grenergy.eu

Number of Employees


Location

  • Grenergy Renovables, S.A.
  • Rafael Boti, 26
  • Madrid
  • Madrid
  • 28023
  • Spain

Listings


Biography

Grenergy Renovables, S.A., together with its subsidiaries, operates as an independent energy producer. The company operates through Development and Construction, Energy, and Services divisions. It designs,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/22 22:48
End of Day Share Price2021/07/22 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.