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TRIG

Renewables Infrastructure GroupLSE:TRIG Stock Report

Last Price

UK£1.34

Market Cap

UK£3.0b

7D

0%

1Y

6.4%

Updated

16 Jan, 2022

Data

Company Financials +
TRIG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends3/6

TRIG Stock Overview

The Renewables Infrastructure Group Limited specializes in infrastructure investments.

Renewables Infrastructure Group Competitors

Brookfield Renewable Partners

TSX:BEP.UN

CA$19.5b

NextEra Energy Partners

NYSE:NEP

US$6.4b

Clearway Energy

NYSE:CWEN.A

US$6.3b

Hannon Armstrong Sustainable Infrastructure Capital

NYSE:HASI

US$3.9b

Price History & Performance

Summary of all time highs, changes and price drops for Renewables Infrastructure Group
Historical stock prices
Current Share PriceUK£1.34
52 Week HighUK£1.38
52 Week LowUK£1.19
Beta0.045
1 Month Change1.21%
3 Month Change3.57%
1 Year Change6.37%
3 Year Change14.58%
5 Year Change21.23%
Change since IPO33.27%

Recent News & Updates

Shareholder Returns

TRIGGB Renewable EnergyGB Market
7D0%1.2%-0.5%
1Y6.4%55.1%8.7%

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.

Price Volatility

Is TRIG's price volatile compared to industry and market?
TRIG volatility
TRIG Average Weekly Movement1.7%
Renewable Energy Industry Average Movement4.9%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.5%
10% least volatile stocks in GB Market2.4%

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

FoundedEmployeesCEOWebsite
2013n/an/ahttps://www.trig-ltd.com

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

How do Renewables Infrastructure Group's earnings and revenue compare to its market cap?
TRIG fundamental statistics
Market CapUK£3.03b
Earnings (TTM)UK£120.71m
Revenue (TTM)UK£82.88m

25.1x

P/E Ratio

36.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRIG income statement (TTM)
RevenueUK£82.88m
Cost of RevenueUK£0
Gross ProfitUK£82.88m
Expenses-UK£37.83m
EarningsUK£120.71m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.053
Gross Margin100.00%
Net Profit Margin145.65%
Debt/Equity Ratio0.0%

How did TRIG perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

106%

Payout Ratio

Valuation

Is Renewables Infrastructure Group 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: 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.

Future Growth

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

18.8%

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%).

Past Performance

How has Renewables Infrastructure Group performed over the past 5 years?

13.1%

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.

Financial Health

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.


Balance Sheet

Dividend

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

5.06%

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).

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 19.1%.


Top Shareholders

Company Information

The Renewables Infrastructure Group Limited's 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
  • Implied Market Cap: UK£3.029b
  • Shares outstanding: 2.27b
  • Website: https://www.trig-ltd.com

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/16 19:02
End of Day Share Price2022/01/14 00:00
Earnings2021/06/30
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.