TRIG Stock Overview
The Renewables Infrastructure Group Limited specializes in infrastructure investments.
Renewables Infrastructure Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£1.34|
|52 Week High||UK£1.38|
|52 Week Low||UK£1.19|
|1 Month Change||1.21%|
|3 Month Change||3.57%|
|1 Year Change||6.37%|
|3 Year Change||14.58%|
|5 Year Change||21.23%|
|Change since IPO||33.27%|
Recent News & Updates
|TRIG||GB Renewable Energy||GB Market|
Return vs Industry: TRIG underperformed the UK Renewable Energy industry which returned 55.1% over the past year.
Return vs Market: TRIG underperformed the UK Market which returned 8.7% over the past year.
|TRIG Average Weekly Movement||1.7%|
|Renewable Energy Industry Average Movement||4.9%|
|Market Average Movement||5.0%|
|10% most volatile stocks in GB Market||10.5%|
|10% least volatile stocks in GB Market||2.4%|
Stable Share Price: TRIG is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: TRIG's weekly volatility (2%) has been stable over the past year.
About the Company
The Renewables Infrastructure Group Limited specializes in infrastructure investments. The fund typically invests in operational assets which generate electricity from renewable sources, with a particular focus on onshore wind farms and solar photovoltaic parks. It seeks to invest in United Kingdom and Northern European countries including France, Ireland, Germany and Scandinavia.
Renewables Infrastructure Group Fundamentals Summary
|TRIG fundamental statistics|
Is TRIG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TRIG income statement (TTM)|
|Cost of Revenue||UK£0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.053|
|Net Profit Margin||145.65%|
How did TRIG perform over the long term?See historical performance and comparison
5.1%Current Dividend Yield
Is Renewables Infrastructure Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRIG (£1.34) is trading below our estimate of fair value (£3.44)
Significantly Below Fair Value: TRIG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TRIG is good value based on its PE Ratio (25.1x) compared to the European Renewable Energy industry average (30.6x).
PE vs Market: TRIG is poor value based on its PE Ratio (25.1x) compared to the UK market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: TRIG is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: TRIG's PB Ratio (1.3x) is in line with the GB Renewable Energy industry average.
How is Renewables Infrastructure Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TRIG's forecast earnings growth (18.8% per year) is above the savings rate (0.9%).
Earnings vs Market: TRIG's earnings (18.8% per year) are forecast to grow faster than the UK market (12.1% per year).
High Growth Earnings: TRIG's earnings are forecast to grow, but not significantly.
Revenue vs Market: TRIG's revenue (26.3% per year) is forecast to grow faster than the UK market (4.8% per year).
High Growth Revenue: TRIG's revenue (26.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TRIG's Return on Equity is forecast to be low in 3 years time (7%).
How has Renewables Infrastructure Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRIG has high quality earnings.
Growing Profit Margin: TRIG's current net profit margins are higher than last year (88.5%).
Past Earnings Growth Analysis
Earnings Trend: TRIG's earnings have grown by 13.1% per year over the past 5 years.
Accelerating Growth: TRIG's earnings growth over the past year (115%) exceeds its 5-year average (13.1% per year).
Earnings vs Industry: TRIG earnings growth over the past year (115%) exceeded the Renewable Energy industry 7.1%.
Return on Equity
High ROE: TRIG's Return on Equity (5%) is considered low.
How is Renewables Infrastructure Group's financial position?
Financial Position Analysis
Short Term Liabilities: TRIG's short term assets (£72.2M) exceed its short term liabilities (£469.0K).
Long Term Liabilities: TRIG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TRIG is debt free.
Reducing Debt: TRIG has not had any debt for past 5 years.
Debt Coverage: TRIG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TRIG has no debt, therefore coverage of interest payments is not a concern.
What is Renewables Infrastructure Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TRIG's dividend (5.06%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).
High Dividend: TRIG's dividend (5.06%) is in the top 25% of dividend payers in the UK market (4.05%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TRIG has been paying a dividend for less than 10 years.
Growing Dividend: TRIG's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (105.7%), TRIG's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TRIG's dividends in 3 years are forecast to be covered by earnings (82.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Renewables Infrastructure Group has no CEO, or we have no data on them.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.1%.
The Renewables Infrastructure Group Limited's employee growth, exchange listings and data sources
- Name: The Renewables Infrastructure Group Limited
- Ticker: TRIG
- Exchange: LSE
- Founded: 2013
- Industry: Renewable Electricity
- Sector: Utilities
- Implied Market Cap: UK£3.029b
- Shares outstanding: 2.27b
- Website: https://www.trig-ltd.com
- The Renewables Infrastructure Group Limited
- East Wing
- Trafalgar Court
- Saint Peter Port
- GY1 3PP
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/16 19:02|
|End of Day Share Price||2022/01/14 00:00|
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.