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NESF

NextEnergy Solar FundLSE:NESF Stock Report

Last Price

UK£1.03

Market Cap

UK£604.0m

7D

0.4%

1Y

-0.8%

Updated

20 Jan, 2022

Data

Company Financials
NESF fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends3/6

NESF Stock Overview

NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets.

NextEnergy Solar Fund Competitors

Bluefield Solar Income Fund

LSE:BSIF

UK£620.1m

Foresight Solar & Technology VCT

LSE:FTSV

UK£36.1m

Brookfield Renewable Partners

TSX:BEP.UN

CA$19.5b

Clearway Energy

NYSE:CWEN.A

US$6.4b

Price History & Performance

Summary of all time highs, changes and price drops for NextEnergy Solar Fund
Historical stock prices
Current Share PriceUK£1.03
52 Week HighUK£1.07
52 Week LowUK£0.96
Beta0.25
1 Month Change0.98%
3 Month Change2.40%
1 Year Change-0.77%
3 Year Change-11.17%
5 Year Change-7.57%
Change since IPO1.58%

Recent News & Updates

Shareholder Returns

NESFGB Capital MarketsGB Market
7D0.4%-1.4%-1.0%
1Y-0.8%-3.0%8.3%

Return vs Industry: NESF exceeded the UK Capital Markets industry which returned -3% over the past year.

Return vs Market: NESF underperformed the UK Market which returned 8.3% over the past year.

Price Volatility

Is NESF's price volatile compared to industry and market?
NESF volatility
NESF Average Weekly Movement1.1%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: NESF is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: NESF's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014n/an/ahttps://www.nextenergysolarfund.com

NextEnergy Solar Fund Limited specializes in investments in operational solar photovoltaic (PV) assets. The fund intends primarily to acquire operating assets, but may invest in assets that are under development, that is, at the stage of origination, project planning or construction. Within this sector it intends to acquire assets that are primarily ground-based and utility-scale and which are on sites that may be agricultural, industrial, and/or commercial.

NextEnergy Solar Fund Fundamentals Summary

How do NextEnergy Solar Fund's earnings and revenue compare to its market cap?
NESF fundamental statistics
Market CapUK£604.00m
Earnings (TTM)UK£62.08m
Revenue (TTM)UK£78.36m

9.7x

P/E Ratio

7.7x

P/S Ratio


Dividends

7.0%

Current Dividend Yield

67%

Payout Ratio

Valuation

Is NextEnergy Solar Fund undervalued compared to its fair value and its price relative to the market?

19.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NESF (£1.03) is trading below our estimate of fair value (£1.28)

Significantly Below Fair Value: NESF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: NESF is good value based on its PE Ratio (9.7x) compared to the UK Capital Markets industry average (11x).

PE vs Market: NESF is good value based on its PE Ratio (9.7x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NESF is good value based on its PB Ratio (1x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

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

9.0%

Forecasted Diversified Financials 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 NextEnergy Solar Fund 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.

Past Performance

How has NextEnergy Solar Fund performed over the past 5 years?

-8.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NESF has high quality earnings.

Growing Profit Margin: NESF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NESF's earnings have declined by 8.3% per year over the past 5 years.

Accelerating Growth: NESF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NESF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (66.7%).


Return on Equity

High ROE: NESF's Return on Equity (10.2%) is considered low.

Financial Health

How is NextEnergy Solar Fund's financial position?


Financial Position Analysis

Short Term Liabilities: NESF's short term assets (£39.2M) exceed its short term liabilities (£22.8M).

Long Term Liabilities: NESF's short term assets (£39.2M) do not cover its long term liabilities (£198.0M).


Debt to Equity History and Analysis

Debt Level: NESF's net debt to equity ratio (31.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if NESF's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: NESF's debt is well covered by operating cash flow (20.9%).

Interest Coverage: NESF's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet

Dividend

What is NextEnergy Solar Fund current dividend yield, its reliability and sustainability?

6.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NESF's dividend (6.98%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: NESF's dividend (6.98%) is in the top 25% of dividend payers in the UK market (4.04%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, NESF has been paying a dividend for less than 10 years.

Growing Dividend: NESF's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.2%), NESF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

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


CEO

NextEnergy Solar Fund has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: NESF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

NextEnergy Solar Fund Limited's employee growth, exchange listings and data sources


Key Information

  • Name: NextEnergy Solar Fund Limited
  • Ticker: NESF
  • Exchange: LSE
  • Founded: 2014
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£604.000m
  • Shares outstanding: 588.69m
  • Website: https://www.nextenergysolarfund.com

Location

  • NextEnergy Solar Fund Limited
  • 1 Royal Plaza
  • Royal Avenue
  • St Peter Port
  • GY1 2HR
  • Guernsey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 21:25
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.