AIM:OPG

Stock Analysis Report

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Executive Summary

OPG Power Ventures Plc, together with its subsidiaries, develops, owns, operates, and maintains private sector power projects in India.


Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

How has OPG Power Ventures's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OPG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.8%

OPG

1.3%

GB Electric Utilities

-0.8%

GB Market


1 Year Return

-40.8%

OPG

13.6%

GB Electric Utilities

-15.4%

GB Market

Return vs Industry: OPG underperformed the UK Electric Utilities industry which returned 13.6% over the past year.

Return vs Market: OPG underperformed the UK Market which returned -15.4% over the past year.


Shareholder returns

OPGIndustryMarket
7 Day-6.8%1.3%-0.8%
30 Day-18.0%5.2%-3.4%
90 Day-14.6%16.5%5.6%
1 Year-40.8%-40.8%17.9%13.6%-11.4%-15.4%
3 Year-74.8%-75.5%60.4%42.1%-4.5%-16.3%
5 Year-88.8%-89.1%55.7%22.1%12.7%-12.4%

Price Volatility Vs. Market

How volatile is OPG Power Ventures's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is OPG Power Ventures 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: OPG (£0.1) is trading below our estimate of fair value (£0.93)

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


Price To Earnings Ratio

PE vs Industry: OPG is good value based on its PE Ratio (2.6x) compared to the XE Electric Utilities industry average (11.6x).

PE vs Market: OPG is good value based on its PE Ratio (2.6x) compared to the UK market (15.2x).


Price to Earnings Growth Ratio

PEG Ratio: OPG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: OPG is good value based on its PB Ratio (0.2x) compared to the XE Electric Utilities industry average (0.7x).


Next Steps

Future Growth

How is OPG Power Ventures forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-1.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OPG's earnings are forecast to decline over the next 3 years (-1.9% per year).

Earnings vs Market: OPG's earnings are forecast to decline over the next 3 years (-1.9% per year).

High Growth Earnings: OPG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: OPG's revenue is expected to decline over the next 3 years (-9% per year).

High Growth Revenue: OPG's revenue is forecast to decline over the next 3 years (-9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has OPG Power Ventures performed over the past 5 years?

-3.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OPG has high quality earnings.

Growing Profit Margin: OPG's current net profit margins (10.7%) are higher than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: OPG's earnings have declined by -3.3% per year over the past 5 years.

Accelerating Growth: OPG's earnings growth over the past year (15.7%) exceeds its 5-year average (-3.3% per year).

Earnings vs Industry: OPG earnings growth over the past year (15.7%) exceeded the Electric Utilities industry 6.9%.


Return on Equity

High ROE: OPG's Return on Equity (9.2%) is considered low.


Next Steps

Financial Health

How is OPG Power Ventures's financial position?


Financial Position Analysis

Short Term Liabilities: OPG's short term assets (£129.8M) exceed its short term liabilities (£108.8M).

Long Term Liabilities: OPG's short term assets (£129.8M) exceed its long term liabilities (£61.9M).


Debt to Equity History and Analysis

Debt Level: OPG's debt to equity ratio (41.7%) is considered high.

Reducing Debt: OPG's debt to equity ratio has reduced from 156.9% to 41.7% over the past 5 years.

Debt Coverage: OPG's debt is well covered by operating cash flow (47.9%).

Interest Coverage: OPG's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Next Steps

Dividend

What is OPG Power Ventures's current dividend yield, its reliability and sustainability?

1.89%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: OPG is not paying a notable dividend for the UK market.


Future Payout to Shareholders

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


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Arvind Gupta (59yo)

12.17yrs

Tenure

UK£500,000

Compensation

Mr. Arvind Gupta Co-founded OPG Power Ventures PLC in 2008 and has been its Chief Executive Officer and Managing Director since May 23, 2008. Mr. Gupta has been an Executive Chairman OPG Power Ventures PL ...


CEO Compensation Analysis

Compensation vs Market: Arvind's total compensation ($USD632.20K) is above average for companies of similar size in the UK market ($USD347.71K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Arvind Gupta
Co-Founder12.17yrsUK£500.00k3.38% £1.4m
Dmitri Tsvetkov
CFO & Executive Director2.67yrsUK£288.00k0.28% £115.5k
Avantika Gupta
COO & Director1.67yrsUK£64.69kno data
Ramesh Shrivastav
Head of Project Finance & Bankingno datano datano data
V Ravichandran
Head of Corporate Planningno datano datano data
Philip Scales
Company Secretaryno datano datano data

2.7yrs

Average Tenure

59yo

Average Age

Experienced Management: OPG's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Arvind Gupta
Co-Founder12.17yrsUK£500.00k3.38% £1.4m
Dmitri Tsvetkov
CFO & Executive Director2.67yrsUK£288.00k0.28% £115.5k
Avantika Gupta
COO & Director1.67yrsUK£64.69kno data
Narayanan Kumar
Non-Executive Director0.67yrno datano data
Jeremy Carlisle Allen
Independent Non-Executive Deputy Chairman2.67yrsUK£50.00k0.28% £115.3k

2.7yrs

Average Tenure

59yo

Average Age

Experienced Board: OPG's board of directors are not considered experienced ( 2.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

OPG Power Ventures Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: OPG Power Ventures Plc
  • Ticker: OPG
  • Exchange: AIM
  • Founded:
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: UK£41.075m
  • Shares outstanding: 400.73m
  • Website: https://www.opgpower.com

Number of Employees


Location

  • OPG Power Ventures Plc
  • No. 6, Sardar Patel Road
  • Guindy
  • Chennai
  • Tamil Nadu
  • 600032
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OPGAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2008

Biography

OPG Power Ventures Plc, together with its subsidiaries, develops, owns, operates, and maintains private sector power projects in India. It operates thermal power and solar power plants. The company primarily sells electric power to public sector undertakings and heavy industrial companies. OPG Power Ventures Plc is based in Chennai, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/11 21:02
End of Day Share Price2020/07/10 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.