LSE:TRIG

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Renewables Infrastructure Group

Executive Summary

The Renewables Infrastructure Group Limited specializes in infrastructure investments. More Details

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Renewables Infrastructure Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

0.2%

TRIG

-1.3%

GB Renewable Energy

-0.2%

GB Market


1 Year Return

-4.0%

TRIG

36.1%

GB Renewable Energy

1.1%

GB Market

Return vs Industry: TRIG underperformed the UK Renewable Energy industry which returned 36.1% over the past year.

Return vs Market: TRIG underperformed the UK Market which returned 1.1% over the past year.


Shareholder returns

TRIGIndustryMarket
7 Day0.2%-1.3%-0.2%
30 Day2.0%2.4%3.6%
90 Day1.6%12.4%4.2%
1 Year1.1%-4.0%45.0%36.1%7.0%1.1%
3 Year45.9%24.2%3.8%-9.5%10.6%-2.7%
5 Year71.7%29.8%195.8%164.2%40.5%13.4%

Long-Term Price Volatility Vs. Market

How volatile is Renewables Infrastructure Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Renewables Infrastructure Group undervalued compared to its fair value and its price relative to the market?

45.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TRIG (£1.3) is trading below our estimate of fair value (£2.39)

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 (22.3x) compared to the XE Renewable Energy industry average (31.4x).

PE vs Market: TRIG is good value based on its PE Ratio (22.3x) compared to the UK market (24.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TRIG's PB Ratio (1.1x) is in line with the GB Renewable Energy industry average.

Future Growth

How is Renewables Infrastructure Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.2%

Forecasted Utilities 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 Renewables Infrastructure Group 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 Renewables Infrastructure Group performed over the past 5 years?

21.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRIG has high quality earnings.

Growing Profit Margin: TRIG's current net profit margins (84%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: TRIG's earnings have grown significantly by 21.8% per year over the past 5 years.

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

Earnings vs Industry: TRIG had negative earnings growth (-38%) over the past year, making it difficult to compare to the Renewable Energy industry average (17%).


Return on Equity

High ROE: TRIG's Return on Equity (4.6%) is considered low.

Financial Health

How is Renewables Infrastructure Group's financial position?


Financial Position Analysis

Short Term Liabilities: TRIG's short term assets (£35.6M) exceed its short term liabilities (£1.7M).

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.


Balance Sheet

Dividend

What is Renewables Infrastructure Group current dividend yield, its reliability and sustainability?

5.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TRIG's dividend (5.18%) is higher than the bottom 25% of dividend payers in the UK market (1.47%).

High Dividend: TRIG's dividend (5.18%) is in the top 25% of dividend payers in the UK market (4.48%)


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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (115.5%), TRIG's dividend payments are not well 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

Renewables Infrastructure Group 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.3%.


Top Shareholders

Company Information

The Renewables Infrastructure Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Renewables Infrastructure Group Limited
  • Ticker: TRIG
  • Exchange: LSE
  • Founded: 2013
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: UK£2.471b
  • Shares outstanding: 1.90b
  • Website: https://www.trig-ltd.com

Location

  • The Renewables Infrastructure Group Limited
  • East Wing
  • Trafalgar Court
  • Saint Peter Port
  • GY1 3PP
  • Guernsey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRIGLSE (London Stock Exchange)YesOrdinary SharesGBGBPJul 2013
R7IDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2013
TRIGlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJul 2013

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 18:51
End of Day Share Price2021/03/03 00:00
Earnings2020/12/31
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.