Executive Summary
Grenergy Renovables, S.A., together with its subsidiaries, operates as an independent energy producer. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with questionable track record.
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 90% of Spanish stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: GRE's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Spanish stocks.
Market Performance
7 Day Return
-12.9%
GRE
-9.8%
ES Renewable Energy
0.2%
ES Market
1 Year Return
111.1%
GRE
44.3%
ES Renewable Energy
0.4%
ES Market
Return vs Industry: GRE exceeded the Spanish Renewable Energy industry which returned 44.3% over the past year.
Return vs Market: GRE exceeded the Spanish Market which returned 0.4% over the past year.
Shareholder returns
| GRE | Industry | Market | |
|---|---|---|---|
| 7 Day | -12.9% | -9.8% | 0.2% |
| 30 Day | -24.0% | -26.6% | -0.1% |
| 90 Day | 49.8% | -0.2% | -0.2% |
| 1 Year | 111.1%111.1% | 44.3%44.3% | 3.2%0.4% |
| 3 Year | 1,543.2%1,543.2% | 73.7%59.3% | -1.4%-10.3% |
| 5 Year | 1,427.6%1,427.6% | 167.5%138.8% | 12.1%-4.9% |
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
3 weeks ago | Simply Wall St
Grenergy Renovables (BME:GRE) Seems To Use Debt Quite Sensibly1 month ago | Simply Wall St
Should You Be Excited About Grenergy Renovables, S.A.'s (BME:GRE) 35% Return On Equity?2 months ago | Simply Wall St
Is Now The Time To Put Grenergy Renovables (BME:GRE) On Your Watchlist?Valuation
Is Grenergy Renovables undervalued compared to its fair value and its price relative to the market?
47.47x
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 (47.5x) compared to the XE Renewable Energy industry average (29.1x).
PE vs Market: GRE is poor value based on its PE Ratio (47.5x) compared to the Spanish market (22.1x).
Price to Earnings Growth Ratio
PEG Ratio: GRE is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: GRE is overvalued based on its PB Ratio (14.7x) compared to the XE Renewable Energy industry average (2x).
Next Steps
Future Growth
How is Grenergy Renovables forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
31.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GRE's forecast earnings growth (31.5% per year) is above the savings rate (1.1%).
Earnings vs Market: GRE's earnings (31.5% per year) are forecast to grow slower than the Spanish market (34.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GRE's revenue (23.6% per year) is forecast to grow faster than the Spanish market (8.8% per year).
High Growth Revenue: GRE's revenue (23.6% 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 very high in 3 years time (66.8%).
Next Steps
Past Performance
How has Grenergy Renovables performed over the past 5 years?
47.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRE has a high level of non-cash earnings.
Growing Profit Margin: GRE's current net profit margins (13.4%) are lower than last year (13.5%).
Past Earnings Growth Analysis
Earnings Trend: GRE's earnings have grown significantly by 47.2% per year over the past 5 years.
Accelerating Growth: GRE's earnings growth over the past year (32.7%) is below its 5-year average (47.2% per year).
Earnings vs Industry: GRE earnings growth over the past year (32.7%) exceeded the Renewable Energy industry 10.1%.
Return on Equity
High ROE: Whilst GRE's Return on Equity (30.93%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is Grenergy Renovables's financial position?
Financial Position Analysis
Short Term Liabilities: GRE's short term assets (€88.7M) exceed its short term liabilities (€65.8M).
Long Term Liabilities: GRE's short term assets (€88.7M) do not cover its long term liabilities (€143.5M).
Debt to Equity History and Analysis
Debt Level: GRE's debt to equity ratio (308.3%) is considered high.
Reducing Debt: GRE's debt to equity ratio has increased from 37.2% to 308.3% 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 (9.5x coverage).
Balance Sheet
Next Steps
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?
4.8yrs
Average board tenure
CEO
David Ruiz de Andrés (48 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: David's total compensation ($USD151.78K) is below average for companies of similar size in the Spanish market ($USD813.68K).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | no data | €127.40k | 69.43% € 502.8m | |
| Board Secretary & Proprietary Director | 5.83yrs | €31.74k | 0.63% € 4.6m | |
| CFO & Executive Director | 1.33yrs | no data | 0.063% € 456.0k | |
| Independent Director | 4.75yrs | €30.00k | 0.063% € 456.0k | |
| Independent Director | 4.75yrs | €18.00k | 0.021% € 152.0k | |
| Independent Director | 1.33yrs | €2.55k | no data |
4.8yrs
Average Tenure
46.5yo
Average Age
Experienced Board: GRE's board of directors are considered experienced (4.8 years average tenure).
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
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: €724.185m
- Shares outstanding: 23.82m
- Website: https://www.grenergy.eu
Number of Employees
Location
- Grenergy Renovables, S.A.
- Rafael Boti, 26
- Madrid
- Madrid
- 28023
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GRE | BME (Bolsas y Mercados Espanoles) | Yes | Share Capital | ES | EUR | Jul 2015 |
| 5GR | BST (Boerse-Stuttgart) | Yes | Share Capital | DE | EUR | Jul 2015 |
Biography
Grenergy Renovables, S.A., together with its subsidiaries, operates as an independent energy producer. It operates through Development and Construction, Energy, and Services divisions. The company designs,...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 20:21 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.