LSE:UKW

Stock Analysis Report

Executive Summary

Greencoat UK Wind PLC specializes in renewables infrastructure investments in energy, wind generation assets and onshore and offshore wind farm projects with a capacity of over 10 megawatt.

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Share Price & News

How has Greencoat UK Wind's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.0%

UKW

0.3%

GB Renewable Energy

-0.3%

GB Market


1 Year Return

14.2%

UKW

-17.9%

GB Renewable Energy

3.0%

GB Market

Return vs Industry: UKW exceeded the UK Renewable Energy industry which returned -17.9% over the past year.

Return vs Market: UKW exceeded the UK Market which returned 3% over the past year.


Shareholder returns

UKWIndustryMarket
7 Day1.0%0.3%-0.3%
30 Day5.3%0.2%-0.9%
90 Day4.5%5.1%-2.0%
1 Year20.2%14.2%-13.8%-17.9%8.0%3.0%
3 Year48.8%26.9%-12.4%-19.4%18.0%3.6%
5 Year80.0%36.7%-40.3%-48.2%35.8%6.4%

Price Volatility Vs. Market

How volatile is Greencoat UK Wind's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Greencoat UK Wind undervalued compared to its fair value and its price relative to the market?

36.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: UKW (£1.48) is trading below our estimate of fair value (£2.33)

Significantly Undervalued: UKW is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: UKW is good value based on its PE Ratio (11.2x) compared to the Renewable Energy industry average (22.5x).

PE vs Market: UKW is good value based on its PE Ratio (11.2x) compared to the UK market (16.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: UKW is overvalued based on its PB Ratio (1.2x) compared to the GB Renewable Energy industry average (1.1x).

Future Growth

How is Greencoat UK Wind forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

4.8%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if UKW's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if UKW's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: UKW's revenue (4.8% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: UKW's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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

Past Performance

How has Greencoat UK Wind performed over the past 5 years?

42.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: UKW's earnings have grown significantly by 42.8% per year over the past 5 years.

Accelerating Growth: UKW's earnings growth over the past year (75.9%) exceeds its 5-year average (42.8% per year).

Earnings vs Industry: UKW earnings growth over the past year (75.9%) exceeded the Renewable Energy industry 12.4%.


Return on Equity

High ROE: UKW's Return on Equity (8.4%) is considered low.


Return on Assets

ROA vs Industry: UKW has a higher Return on Assets than the Renewable Energy industry average last year.


Return on Capital Employed

ROCE Improving: UKW has significantly improved its Return on Capital Employed over the past 3 years.

Financial Health

How is Greencoat UK Wind's financial position?


Financial Position Analysis

Short Term Liabilities: UKW's short term assets (£4.1M) do not cover its short term liabilities (£4.3M)

Long Term Liabilities: UKW's short term assets (4.1M) do not cover its long term liabilities (575.0M)


Debt to Equity History and Analysis

Debt Level: UKW's debt to equity ratio (30.8%) is considered satisfactory

Reducing Debt: UKW's debt to equity ratio has reduced from 37.2% to 30.8% over the past 5 years.

Debt Coverage: UKW's debt is well covered by operating cash flow (21%).

Interest Coverage: UKW's interest payments on its debt are well covered by EBIT (9.1x coverage).


Balance Sheet

Inventory Level: UKW has a low level of unsold assets or inventory.

Debt Coverage by Assets: UKW's debt is not covered by short term assets (assets are 0x debt).

Dividend

What is Greencoat UK Wind's current dividend yield, its reliability and sustainability?

4.69%

Current Dividend Yield


Dividend Yield vs Market

company4.7%marketbottom25%2.0%markettop25%5.4%industryaverage3.2%forecastin3Years4.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: UKW's dividend (4.69%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: UKW's dividend (4.69%) is low compared to the top 25% of dividend payers in the UK market (5.36%).

Stable Dividend: Whilst dividend payments have been stable, UKW has been paying a dividend for less than 10 years.

Growing Dividend: UKW's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.7%), UKW's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UKW's dividends in 3 years are forecast to be covered by earnings (72.7% payout ratio).

Management

What is the CEO of Greencoat UK Wind's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average board tenure


CEO

Tim Ingram (72yo)

0yrs

Tenure

0

Mr. Timothy Charles William Ingram, also known as Tim, MA, MBA, FCIB, has been the Chairman of the Board of QBE European Operations plc since March 1, 2016, QBE Re (Europe) Ltd. and QBE Insurance (Europe)  ...


Board Age and Tenure

6.5yrs

Average Tenure

66yo

Average Age

Experienced Board: UKW's board of directors are considered experienced (6.5 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Tim Ingram (72yo)

    Independent Non-Executive Chairman and Chief Executive Officer

    • Tenure: 0yrs
  • Stephen Lilley

    • Tenure: 0yrs
  • Kathrin Kribben

    General Counsel

    • Tenure: 0yrs
  • Andrea Finegan

    Chief Operating Officer

    • Tenure: 0yrs
  • Peter McHale

    Finance Director

    • Tenure: 0yrs
  • Laurence Fumagalli

    • Tenure: 0yrs
  • Connie Lee

    Principal

    • Tenure: 0yrs
  • Jason Porter

    Asset Manager

    • Tenure: 0yrs
  • Victor Monje

    Asset Manager

    • Tenure: 0yrs
  • Javier Serrano

    Asset Manager

    • Tenure: 0yrs

Board Members

  • Willy Rickett (66yo)

    Senior Independent Director

    • Tenure: 0yrs
  • Tim Ingram (72yo)

    Independent Non-Executive Chairman and Chief Executive Officer

    • Tenure: 0yrs
  • Martin McAdam (57yo)

    Non-Executive Director and Board Member

    • Tenure: 4.6yrs
  • Shonaid Christina Jemmett-Page (59yo)

    Independent Non-Executive Director

    • Tenure: 6.8yrs
  • Dan Badger (73yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs

Company Information

Greencoat UK Wind PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Greencoat UK Wind PLC
  • Ticker: UKW
  • Exchange: LSE
  • Founded: 2012
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: UK£2.246b
  • Shares outstanding: 1.52b
  • Website: https://www.greencoat-ukwind.com

Location

  • Greencoat UK Wind PLC
  • Third Floor
  • Burdett House
  • London
  • WC2N 6DU
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UKWLSE (London Stock Exchange)YesOrdinary SharesGBGBPMar 2013
3GCDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2013
UKWlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPMar 2013

Biography

Greencoat UK Wind PLC specializes in renewables infrastructure investments in energy, wind generation assets and onshore and offshore wind farm projects with a capacity of over 10 megawatt. For offshore wi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 21:12
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.