Greencoat Renewables PLC

ISE:GRP Stock Report

Market Cap: €938.7m

Greencoat Renewables Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (€0.86) is trading below our estimate of fair value (€2.34)

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


Key Valuation Metric

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

Key metric: As GRP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GRP. This is calculated by dividing GRP's market cap by their current earnings.
What is GRP's PE Ratio?
PE Ratio16.2x
Earnings€58.83m
Market Cap€938.71m

Price to Earnings Ratio vs Peers

How does GRP's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.2x
000722 Hunan Development Group
73.9xn/aCN¥4.9b
002039 GuiZhou QianYuan Power
26.4x32.7%CN¥6.7b
1381 Canvest Environmental Protection Group
12.7x16.5%HK$10.6b
TPIPP TPI Polene Power
7.8x-19.0%฿25.2b
GRP Greencoat Renewables
16.2x17.1%€938.7m

Price-To-Earnings vs Peers: GRP is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (30.2x).


Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
GRP 16.2xIndustry Avg. 16.4xNo. of Companies8PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GRP is good value based on its Price-To-Earnings Ratio (16.2x) compared to the European Renewable Energy industry average (16.4x).


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 Ratio16.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate GRP's Price-To-Earnings 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 GRP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.86
€1.13
+31.4%
12.8%€1.35€0.90n/a5
Nov ’25€0.89
€1.13
+26.8%
12.8%€1.35€0.90n/a5
Oct ’25€0.93
€1.13
+21.5%
12.8%€1.35€0.90n/a5
Sep ’25€0.96
€1.18
+23.2%
8.5%€1.35€1.10n/a4
Aug ’25€0.90
€1.17
+29.6%
8.1%€1.35€1.10n/a5
Jul ’25€0.87
€1.16
+32.8%
6.5%€1.30€1.10n/a5
Jun ’25€0.89
€1.17
+31.1%
7.4%€1.35€1.10n/a6
May ’25€0.85
€1.19
+38.8%
7.4%€1.35€1.11n/a6
Apr ’25€0.87
€1.19
+36.2%
7.1%€1.35€1.11n/a6
Mar ’25€0.90
€1.21
+34.0%
7.0%€1.35€1.13n/a5
Feb ’25€0.90
€1.21
+33.6%
7.0%€1.35€1.13n/a5
Jan ’25€1.02
€1.21
+18.7%
7.0%€1.35€1.13n/a5
Dec ’24€0.97
€1.21
+24.8%
7.0%€1.35€1.13n/a5
Nov ’24€0.87
€1.21
+38.6%
7.0%€1.35€1.13€0.895
Oct ’24€0.96
€1.22
+26.8%
6.2%€1.35€1.13€0.935
Sep ’24€1.01
€1.26
+24.3%
6.6%€1.37€1.13€0.966
Aug ’24€1.05
€1.27
+20.6%
5.4%€1.37€1.20€0.906
Jul ’24€1.02
€1.27
+24.4%
5.4%€1.37€1.20€0.876
Jun ’24€1.06
€1.27
+19.9%
5.4%€1.37€1.20€0.896
May ’24€1.08
€1.30
+20.6%
9.0%€1.50€1.20€0.855
Apr ’24€1.09
€1.30
+19.4%
9.0%€1.50€1.20€0.875
Mar ’24€1.08
€1.32
+21.8%
7.6%€1.45€1.20€0.904
Feb ’24€1.13
€1.33
+17.9%
9.2%€1.50€1.20€0.904
Jan ’24€1.14
€1.37
+20.3%
6.8%€1.50€1.26€1.024
Dec ’23€1.16
€1.37
+17.7%
6.8%€1.50€1.26€0.974
Nov ’23€1.14
€1.38
+21.1%
5.7%€1.50€1.30€0.874

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


Discover undervalued companies