The Renewables Infrastructure Group Limited

LSE:TRIG Stock Report

Market Cap: UK£2.3b

Renewables Infrastructure Group Valuation

Is TRIG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TRIG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TRIG (£0.92) is trading below our estimate of fair value (£3.03)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TRIG?

Key metric: As TRIG is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for TRIG. This is calculated by dividing TRIG's market cap by their current book value.
What is TRIG's PB Ratio?
PB Ratio0.7x
BookUK£3.07b
Market CapUK£2.26b

Price to Book Ratio vs Peers

How does TRIG's PB Ratio compare to its peers?

Insufficient data to calculate this valuation analysis check
The above table shows the PB ratio for TRIG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Averagen/a
TRIG Renewables Infrastructure Group
0.7x87.0%UK£2.3b

Price-To-Book vs Peers: Insufficient data to calculate TRIG's Price-To-Book Ratio vs. peers for valuation analysis.

Price to Book Ratio vs Industry

How does TRIG's PB Ratio compare vs other companies in the European Renewable Energy Industry?

4 CompaniesPrice / BookEstimated GrowthMarket Cap
TRIG 0.7xIndustry Avg. 1.3xNo. of Companies10PB012345+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: TRIG is good value based on its Price-To-Book Ratio (0.7x) compared to the European Renewable Energy industry average (1.3x).

Price to Book Ratio vs Fair Ratio

What is TRIG's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TRIG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate TRIG's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TRIG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.92
UK£1.26
+37.1%
6.2%UK£1.35UK£1.14n/a4
Nov ’25UK£0.96
UK£1.26
+30.4%
6.2%UK£1.35UK£1.14n/a4
Oct ’25UK£1.04
UK£1.21
+16.4%
10.7%UK£1.35UK£0.98n/a5
Sep ’25UK£1.03
UK£1.21
+16.9%
10.7%UK£1.35UK£0.98n/a5
Aug ’25UK£1.05
UK£1.22
+15.4%
11.4%UK£1.35UK£0.98n/a5
Jul ’25UK£0.95
UK£1.22
+28.0%
11.4%UK£1.35UK£0.98n/a5
Jun ’25UK£1.00
UK£1.22
+21.4%
11.4%UK£1.35UK£0.98n/a5
May ’25UK£0.99
UK£1.21
+22.1%
11.4%UK£1.35UK£0.98n/a5
Apr ’25UK£1.01
UK£1.21
+20.2%
11.4%UK£1.35UK£0.98n/a5
Mar ’25UK£1.02
UK£1.24
+21.3%
13.7%UK£1.45UK£0.98n/a5
Feb ’25UK£1.06
UK£1.34
+26.3%
6.8%UK£1.45UK£1.22n/a5
Jan ’25UK£1.14
UK£1.34
+18.1%
6.8%UK£1.45UK£1.22n/a5
Dec ’24UK£1.09
UK£1.36
+24.7%
5.8%UK£1.45UK£1.22n/a5
Nov ’24UK£1.00
UK£1.36
+35.2%
6.3%UK£1.45UK£1.22UK£0.964
Oct ’24UK£1.07
UK£1.36
+27.1%
6.3%UK£1.45UK£1.22UK£1.044
Sep ’24UK£1.08
UK£1.36
+25.5%
6.3%UK£1.45UK£1.22UK£1.034
Aug ’24UK£1.14
UK£1.42
+24.6%
1.4%UK£1.45UK£1.40UK£1.054
Jul ’24UK£1.15
UK£1.42
+23.5%
1.4%UK£1.45UK£1.40UK£0.954
Jun ’24UK£1.20
UK£1.44
+20.0%
2.6%UK£1.50UK£1.40UK£1.004
May ’24UK£1.27
UK£1.45
+13.7%
2.6%UK£1.50UK£1.42UK£0.993
Apr ’24UK£1.25
UK£1.45
+15.9%
2.6%UK£1.50UK£1.42UK£1.013
Mar ’24UK£1.23
UK£1.46
+18.7%
2.7%UK£1.50UK£1.42UK£1.022
Feb ’24UK£1.30
UK£1.49
+15.0%
0.7%UK£1.50UK£1.48UK£1.062
Jan ’24UK£1.30
UK£1.49
+14.6%
0.7%UK£1.50UK£1.48UK£1.142

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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