ISE:GRP

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Greencoat Renewables

Executive Summary

Greencoat Renewables PLC invests in, acquires, operates, and manages wind farms.


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: GRP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

GRP

2.8%

IE Renewable Energy

7.3%

IE Market


1 Year Return

4.0%

GRP

22.5%

IE Renewable Energy

5.9%

IE Market

Return vs Industry: GRP underperformed the Irish Renewable Energy industry which returned 21.8% over the past year.

Return vs Market: GRP underperformed the Irish Market which returned 5.3% over the past year.


Shareholder returns

GRPIndustryMarket
7 Day0%2.8%7.3%
30 Day4.5%11.8%18.8%
90 Day-1.3%-0.3%3.5%
1 Year9.6%4.0%26.1%22.5%7.2%5.9%
3 Yearn/a72.8%59.5%10.9%5.8%
5 Yearn/a90.8%68.0%40.8%30.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

33.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GRP (€1.17) is trading above our estimate of fair value (€0.96)

Significantly Below Fair Value: GRP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GRP is poor value based on its PE Ratio (33.8x) compared to the Renewable Energy industry average (27x).

PE vs Market: GRP is poor value based on its PE Ratio (33.8x) compared to the Irish market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: GRP is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: GRP is good value based on its PB Ratio (1.1x) compared to the XE Renewable Energy industry average (1.6x).


Next Steps

Future Growth

How is Greencoat Renewables forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

14.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRP's forecast earnings growth (14.7% per year) is above the savings rate (0.7%).

Earnings vs Market: GRP's earnings (14.7% per year) are forecast to grow slower than the Irish market (15.9% per year).

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

Revenue vs Market: GRP's revenue (65.8% per year) is forecast to grow faster than the Irish market (6.3% per year).

High Growth Revenue: GRP's revenue (65.8% 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 (5%).


Next Steps

Past Performance

How has Greencoat Renewables performed over the past 5 years?

-60.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: GRP has high quality earnings.

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


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if GRP's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: GRP had negative earnings growth (-60.8%) over the past year, making it difficult to compare to the Renewable Energy industry average (21.9%).


Return on Equity

High ROE: GRP's Return on Equity (2.6%) is considered low.


Next Steps

Financial Health

How is Greencoat Renewables's financial position?


Financial Position Analysis

Short Term Liabilities: GRP's short term assets (€9.4M) do not cover its short term liabilities (€209.5M).

Long Term Liabilities: GRP has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GRP's debt to equity ratio (31.7%) is considered satisfactory.

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 (7.4%).

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


Balance Sheet


Next Steps

Dividend

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

5.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GRP's dividend (5.15%) is higher than the bottom 25% of dividend payers in the Irish market (2.38%).

High Dividend: GRP's dividend (5.15%) is low compared to the top 25% of dividend payers in the Irish market (5.23%).


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 3 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (174.2%), GRP's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GRP's dividends in 3 years are not forecast to be well covered by earnings (99% payout ratio).


Next Steps

Management

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


CEO

Greencoat Renewables 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: Greencoat Renewables PLC
  • Ticker: GRP
  • Exchange: ISE
  • Founded: 2017
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: €737.825m
  • Shares outstanding: 630.62m
  • Website: https://www.greencoat-renewables.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GRPISE (Irish Stock Exchange)YesOrdinary Shares of Par Value Euro 0.01IEEURJul 2017
GRPAIM (London Stock Exchange AIM Market)YesOrdinary Shares of Par Value Euro 0.01GBEURJul 2017
GRPIBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Shares of Par Value Euro 0.01GBEURJul 2017

Biography

Greencoat Renewables PLC invests in, acquires, operates, and manages wind farms. The company operates wind farms with an aggregate generating capacity of approximately 462 megawatts in Ireland. Greencoat Renewables PLC was incorporated in 2017 and is based in Dublin, Ireland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 01:20
End of Day Share Price2020/06/04 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.