company background image
GRP

Greencoat Renewables ISE:GRP Stock Report

Last Price

€1.22

Market Cap

€1.4b

7D

0.8%

1Y

0.8%

Updated

11 Aug, 2022

Data

Company Financials +
GRP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance5/6
Financial Health0/6
Dividends3/6

GRP Stock Overview

Greencoat Renewables PLC invests in, acquires, operates, and manages wind farms in France, Finland, Sweden, and Spain.

Greencoat Renewables Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Greencoat Renewables
Historical stock prices
Current Share Price€1.22
52 Week High€1.24
52 Week Low€1.06
Beta0.020
1 Month Change0.83%
3 Month Change6.55%
1 Year Change0.83%
3 Year Change8.44%
5 Year Change16.19%
Change since IPO17.31%

Recent News & Updates

Shareholder Returns

GRPIE Renewable EnergyIE Market
7D0.8%2.2%-0.8%
1Y0.8%6.5%-18.8%

Return vs Industry: GRP underperformed the Irish Renewable Energy industry which returned 6.5% over the past year.

Return vs Market: GRP exceeded the Irish Market which returned -18.8% over the past year.

Price Volatility

Is GRP's price volatile compared to industry and market?
GRP volatility
GRP Average Weekly Movement2.2%
Renewable Energy Industry Average Movement5.2%
Market Average Movement5.6%
10% most volatile stocks in IE Market9.2%
10% least volatile stocks in IE Market4.0%

Stable Share Price: GRP is less volatile than 75% of Irish stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: GRP's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017n/an/ahttps://www.greencoat-renewables.com

Greencoat Renewables PLC invests in, acquires, operates, and manages wind farms in France, Finland, Sweden, and Spain. As of December 31, 2021, the company operated 25 wind farms with an aggregate generating capacity of 800 megawatts. It also invests in solar generation assets.

Greencoat Renewables Fundamentals Summary

How do Greencoat Renewables's earnings and revenue compare to its market cap?
GRP fundamental statistics
Market Cap€1.39b
Earnings (TTM)€71.14m
Revenue (TTM)€67.00k

19.6x

P/E Ratio

Over9,999x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GRP income statement (TTM)
Revenue€67.00k
Cost of Revenue€0
Gross Profit€67.00k
Other Expenses-€71.08m
Earnings€71.14m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 12, 2022

Earnings per share (EPS)0.062
Gross Margin100.00%
Net Profit Margin106,183.58%
Debt/Equity Ratio50.5%

How did GRP perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

65%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GRP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue27760.8x
Enterprise Value/EBITDAn/a
PEG Ratio3.4x

Price to Earnings Ratio vs Peers

How does GRP's PE Ratio compare to its peers?

GRP PE Ratio vs Peers
The above table shows the PE ratio for GRP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.1x
MEGA3 Omega Energia
11.3x-12.6%R$6.7b
AMPS Altus Power
21.2x-24.1%US$1.4b
1407 West Holdings
45x40.7%JP¥177.3b
EGR1T Enefit Green
11.4x1.8%€1.3b
GRP Greencoat Renewables
19.6x5.8%€1.4b

Price-To-Earnings vs Peers: GRP is good value based on its Price-To-Earnings Ratio (19.6x) compared to the peer average (22.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: GRP is good value based on its Price-To-Earnings Ratio (19.6x) compared to the European Renewable Energy industry average (26.7x)


Price to Earnings Ratio vs Fair Ratio

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

GRP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.6x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: GRP (€1.22) is trading below our estimate of fair value (€1.53)

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


Analyst Price Targets

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

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Future Growth

How is Greencoat Renewables forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRP's forecast earnings growth (5.8% per year) is above the savings rate (0.5%).

Earnings vs Market: GRP's earnings (5.8% per year) are forecast to grow slower than the Irish market (13.2% per year).

High Growth Earnings: GRP's earnings are forecast to grow, but not significantly.

Revenue vs Market: GRP's revenue (29.5% per year) is forecast to grow faster than the Irish market (8.2% per year).

High Growth Revenue: GRP's revenue (29.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GRP's Return on Equity is forecast to be low in 3 years time (6.6%).


Discover growth companies

Past Performance

How has Greencoat Renewables performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GRP has high quality earnings.

Growing Profit Margin: GRP's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: GRP's earnings have grown significantly by 21.9% per year over the past 5 years.

Accelerating Growth: GRP's earnings growth over the past year (405.7%) exceeds its 5-year average (21.9% per year).

Earnings vs Industry: GRP earnings growth over the past year (405.7%) exceeded the Renewable Energy industry 58.1%.


Return on Equity

High ROE: GRP's Return on Equity (7.6%) is considered low.


Discover strong past performing companies

Financial Health

How is Greencoat Renewables's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GRP's short term assets (€5.4M) do not cover its short term liabilities (€6.3M).

Long Term Liabilities: GRP's short term assets (€5.4M) do not cover its long term liabilities (€472.7M).


Debt to Equity History and Analysis

Debt Level: GRP's net debt to equity ratio (50%) is considered high.

Reducing Debt: Insufficient data to determine if GRP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: GRP's debt is not well covered by operating cash flow (3.4%).

Interest Coverage: Insufficient data to determine if GRP's interest payments on its debt are well covered by EBIT.


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.97%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GRP's dividend (4.97%) is higher than the bottom 25% of dividend payers in the Irish market (1.41%).

High Dividend: GRP's dividend (4.97%) is in the top 25% of dividend payers in the Irish market (3.84%)


Stability and Growth of Payments

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

Growing Dividend: GRP's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (65.4%), GRP's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (430.4%), GRP's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average board tenure


CEO

Greencoat Renewables has no CEO, or we have no data on them.


Board Members

Experienced Board: GRP's board of directors are considered experienced (5.2 years average tenure).


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 substantially diluted in the past year, with total shares outstanding growing by 54%.


Top Shareholders

Company Information

Greencoat Renewables PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Greencoat Renewables PLC
  • Ticker: GRP
  • Exchange: ISE
  • Founded: 2017
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Implied Market Cap: €1.392b
  • Shares outstanding: 1.14b
  • Website: https://www.greencoat-renewables.com

Location

  • Greencoat Renewables PLC
  • Riverside One
  • Sir John Rogerson's Quay
  • Dublin
  • Co. Dublin
  • 2
  • Ireland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.